Sold over asking with no subjects!

Congrats to the sellers and buyers for a fantastic, stress-free transaction that left all parties very happy.  Thanks to everyone who participated in this past weeks contest, I appreciate your support very much!  Shir Lina & Kevin Hui you are this weeks winners!  Thanks for winning, liking and sharing my social media posts.  You guys won a $20 Starbucks gift card each! 

The progression of real estate prices over the last 3 years in Vancouver if you're curious! Apartments, townhouses and detached homes will show up on this live graph that you can scroll on! If you would like to know your area, please feel free to send me a message!

statscentre.rebgv.org/infoserv/s-v1/mMxf-wFu#.VtC0EXIRY0Y.facebook

Here's the stats with just the average per sqft:

statscentre.rebgv.org/infoserv/s-v1/m1wU-qSc

Brand new listing!  Southeast-facing 1 bedroom and loft TOP FLOOR corner suite would make a great first home for $299,000.

Located just minutes from SFU, downtown Vancouver, and the North Shore.  Abundant natural light with modern floor plan and vaulted ceiling make for a spacious feel throughout.  In the living area the gas fireplace adds warmth and coziness in the winter months while the stunning southern panoramic view from the glass walled deck can be enjoyed from inside and out throughout the year.  Trendy Vancouver/Willingdon Heights area within walking distance to plenty of shopping and great dining. Great rain-screened building comes with parking & separate storage locker.

OPEN HOUSE THIS SUN, FEB.28 2-4PM.

According to B.C.'s Property Transfer Tax website:

The amount of tax you pay is based on the fair market value of the land and improvements (e.g. buildings) on the date of registration unless you purchase a pre-sold strata unit. The tax is charged at a rate of:

• 1% on the first $200,000,
• 2% on the portion of the fair market value greater than $200,000 and up to and including $2,000,000, and
• 3% on the portion of the fair market value greater than $2,000,000.

The provincial government has projected that by implementing an increase of 3% in property transfer tax on the portion of fair market value over $2 million, it will raise an additional $75 million in taxes each year.

New homes selling up to $750,000 will be fully exempt from the property transfer tax when bought by a Canadian citizen(s) or permanent resident(s) as principal residence and lived-in for one year.  This new exemption could save purchasers up to $13,000!

For more information, please click on the links:  

B.C.'s Property Transfer Tax

Newly Built Home Exemption

Brand new listing!  1 Bedroom + den + 22 ft² balcony for $499,000.

Downtown living at its BEST!  Bright and spacious corner unit at COSMO, built by Concord Pacific.  Enjoy gourmet chef's kitchen with S/S appliances. Great finishings in kitchen and bathroom.  Price includes one parking stall.  This new and modern development has the ULTIMATE ROOFTOP LOUNGE-CLUB COSMO.  Enjoy 24hr Concierge & Security, 2-10 Pin Bowling Alleys, Fitness Centre, Pool and Outdoor Hot Tub and so much more.  Steps to Costco, Robson St. Vancouver's Public Library, Fine Restaurants and all that Downtown has to offer.  A MUST SEE!

OPEN HOUSE SAT/SUN FEB 20/21 from 2-4PM.  Come visit Michael Uy on Saturday and I'll be there on Sunday!

SOLD OVER ASKING - 62 days below the average for the complex with 3 other competitors on the market!  I got my clients a record breaking price per sq ft for homes facing Hastings Street!  Congrats to my sellers K & L for preparing your home so well for the showings.  You are such a delight to work with!

Congrats to Athena Chan and Becky Lee Shin for both sharing and liking my posts on social media - having all those extra ballots really came in handy! You guys are winners of a $20 dollar Starbucks gift card. 

With a striking exterior rising ten storeys over Main Street, Ellsworth reflects the progressive sophistication of its historic and thriving neighbourhood. Featuring 89 spacious homes in a concrete building ranging from studio to three-bedroom suites, Ellsworth offers a boutique, elevated living experience in the heart of Vancouver.

Ellsworth is scheduled for completion in Spring 2018 and homes will starting selling at $300,000.

Quoted from Chard Development Ltd and Rennie Marketing Systems

My fantastic clients didn't have the highest offer in a multiple situation, but persistence and flexibility with completion dates landed my clients this fabulous home in Vancouver's competitive Dunbar area.  Congrats M&S!

Happy Chinese New Year!  Wishing you good health, happiness, peace, and prosperity!  

恭喜發財、猴年大吉！祝您身体健康、萬事如意、歲歲平安、財源廣進！

Real Estate Board of Greater Vancouver (REBGV) reports that last month's sale were 46% above the 10-year sales average for the month and rank as the second highest January on record.

For more in-depth information on January's market, please click:

Greater Vancouver:  REBGV January Stats Package

Fraser Valley:  FVREB January Stats Package