Friday, 30 March 2007

SOLD


I am pleased to announce the sale of 5489 Marine Drive, Burnaby. This South Burnaby home is situated on a large 50 foot x 225 foot lot (R-2 zoning) on the high side of Marine Drive. Live here now and then build your dream home on this great 11, 249 square foot (.26 acre) lot. For further information please visit:

Wednesday, 21 March 2007

First - Time Buyers Boost Home Sales


Higher housing values, tight inventory levels, and all-out bidding wars have yet to deter first-time buyers in their quest to realize homeownership in major Canadian centres this year, according to a report released today by RE/MAX.

“Buyers are finding the means necessary to enter the market, even in the western provinces, where double-digit price gains have been reported and sales to listings ratios hover above the 80 per cent mark,” says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. “Purchasers simply refuse to be priced out of the market, even though household income has not kept pace with housing appreciation. Something’s got to give -- and the trends identified in this report show it’s the how, what, where and when of the equation.”

The RE/MAX Affordability Report, which highlights first-time buying activity and trends in 13 housing markets across the country, found that substantial price increases have had little impact on buyer intentions. The greatest year-over-year price appreciation occurred in Edmonton, Calgary, Saskatoon, and Kelowna, where averages rose 52, 29, 26, and 23 per cent respectively. Average price in the country’s most expensive market – Greater Vancouver – has jumped 11 per cent, topping the half million-dollar mark. While prices in these markets may now seem costly, entry-level product such as condominiums can start at half the average price. Affordability and accessibility have made the condominium lifestyle a popular choice from coast-to-coast. Condominiums now represent just under one in every two sales in markets like Vancouver and Victoria. In Edmonton, Calgary, and the Greater Toronto Area, close to one in every three sales involve a condominium apartment or town home.

In smaller markets like Saskatoon, Regina, and Winnipeg, condominiums are gaining momentum. Condominium sales represent approximately 12 per cent of total residential sales in Halifax-Dartmouth and Ottawa. “Low interest rates and solid economic performance in most major Canadian centres have also played a substantial role in providing purchasers with the confidence to go out and buy their first home,” explains Polzler. “Yet, in some centres, there are other motivating factors at play. Price increases, for example, are a reality in the marketplace. One year can set you back – from location to house size – and your dollar just doesn’t have the same purchasing power.” Yet, buyers have found inventive ways to address that as well. Innovative financing has allowed a growing number of first-time buyers to enter the marketplace. With most prepared to up the ante to realize “the dream of homeownership”, unique new mortgage products with longer amortization periods are helping to make mortgage payments easier to carry. The offloading of family wealth and inheritance are also factors influencing the up swell in home-buying activity, explains Ash.

Some first-time buyers are digging into RRSPs and borrowing money from parents, while others are looking to offset carrying costs through in-law suites, now factored into debt service ratios by a growing number of lending institutions.

“Despite a decade of year-over-year price increases, compounded by challenging market conditions this year, entry-level buyers continue to be a driving force in real estate,” says Michael Polzler, Executive Vice President and Regional Director, RE/MAX Ontario-Atlantic Canada. “Their undaunted enthusiasm is expected to translate into sales at or ahead of last year’s record levels in the Spring.”

RE/MAX Agents raise $3.5 Million for the Childrens Miracle Network


RE/MAX real estate agents from across Canada are committed to improving health care for sick and injured children. In 2006, RE/MAX associates across Canada raised an unprecedented $3.5 million for Children’s Miracle Network representing 14 member children’s hospitals and foundations across Canada. The contribution topped last year’s donation of just over $3.1 million dollars – an increase of 13%.
The Canadian contribution represented 32 per cent of the $11 million RE/MAX donated throughout North America last year. The proceeds were generated by RE/MAX agents holding fundraising events and the RE/MAX Miracle Home program, whereby associates make a donation on behalf of each transaction. Marie Sheppy, Senior Coordinator, Corporate Affairs, RE/MAX of Western Canada, commented, “At RE/MAX, we share a passion for Children’s Miracle Network and truly believe that our contributions are more than a donation to a worthy cause; it’s an investment in the future of our children.” “With over two million children in need annually, hospitals require our support more than ever before,” added Christine Martysiewicz, Director of Public Relations, RE/MAX Ontario-Atlantic Canada. “There is comfort in knowing that our Sales Associates are helping to improve children’s health care each and every time they sell a home.

” According to Alison Bloetjes, Director, Corporate Development of Children’s Miracle Network, “Each region, RE/MAX Western Canada, RE/MAX Ontario-Atlantic and RE/MAX Quebec have broken through the $1 million dollar level in donations in 2006. This is an incredible testament to the realtors, brokers and staff.

Children´s Miracle Network and its member hospitals are grateful to RE/MAX, a long standing partner since 1992. Since then, RE/MAX in Canada has generated over $24 million for children in need of critical care at our 14 member hospitals.” In Canada, the children´s hospitals/foundations receiving funding from Children’s Miracle Network are: BC Children´s Hospital Foundation in Vancouver, Alberta Children´s Hospital Foundation in Calgary, Stollery Children’s Hospital Foundation in Edmonton, Children’s Health and Hospital Foundation of Saskatchewan in Saskatoon, The Children´s Hospital Foundation of Manitoba in Winnipeg, SickKids Foundation in Toronto, Children´s Health Foundation in London, McMaster Children’s Hospital in Hamilton, Children´s Hospital of Eastern Ontario Foundation in Ottawa, Operation Enfant Soleil (St. Justine’s Children’s Hospital, Montreal Children’s Hospital, Centre hospitalier universitaire de Québec (CHUQ)) , IWK Health Centre in Halifax, and Janeway Children´s Hospital Foundation in St. John´s.

As a proud supporter of the Children's Miracle Network, I am proud to make a donation the the Children's Miracle Network in the name of my client's when they purchase or sell a home.

RE/MAX is Canada’s leading real estate organization with over 16,860 Sales Associates in more than 635 independently-owned and operated offices. The RE/MAX franchise network, now in its 34th year of consecutive growth, is a global real estate system operating in over 63 countries. More than 6,740 independently-owned offices engage over 119,400 Sales Associates who lead the industry in professional designations, experience and production while providing real estate services in residential, commercial, referral, relocation and asset management.

Sunday, 4 March 2007

For Sale


I am pleased to announce the listing of 5489 Marine Drive, Burnaby for sale. This South Burnaby home is situated on a large 50 foot x 225 foot lot (R-2 zoning) on the high side of Marine Drive. Live here now and then build your dream home on this great 11, 249 square foot (.26 acre) lot.
For further information please visit: