CHINESE EDITION Nov 28, 2014 Real Estate Weekly

2 NOVEMBER 28, 2014 REAL ESTATE WEEKLY REW.ca

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Janet Lu 778-882-7727website: www.janetlu.ca | Email: [email protected]

ROYAL PACIFICREALTY GROUP

$3,680,000

435 W 59th Ave ., Vancouver435 W 59th Ave ., Vancouver

$2,480,000

3575 W 27th Ave. , Vancouver3575 W 27th Ave. , Vancouver

$2,680,000

$4,080,000

7291 Petts Rd, Richmond7291 Petts Rd, Richmond

$2,788,000

2360 McBain AV , Vancouver2360 McBain AV , Vancouver

$1,180,000

2741 W 43rd Ave. , Vanvouver2741 W 43rd Ave. , Vanvouver

$960,000

$3,580,000

$2,880,000 $2,898,000

$1,298,000

$3,098,000

$868,000

2688 W 19th Ave ., Vancouver2688 W 19th Ave ., Vancouver

$2,490,000

NOVEMBER 28, 2014 3 REAL ESTATE WEEKLY REW.ca

[email protected] [email protected]


778.689.8918 davidchen.ca

RE/ MAX CREST RE ALTY WESTSIDE - Independently Owned & Operated

1428 W. 7th Ave, Vancouver B.C., V6H 1C1 | T. 604.602.1111

RE/MAX

BCCMN

$284,800 $78,000

$4,988,000 $839,800

$399,000

$149,800

$1,580,000

$3,488,000 $2,450,000

$388,800


$329,900

$2,298,000

$1,850,000 $459,900 $479,900

$888,800 $1,925,000 $1,668,000 $899,800

$839,000$2,088,000

$669,500

$879,000

$229,800

$580,000

$595,000

$470,000

$1,039,000$5,680,000

John Carlisle


Real Estate Weekly


R E W . c a I n P r i n t > O n l i n e > I t s A l l H e r e

[email protected] > 604.435.7977

FRIDAY, NOVEMBER 15, 2013

BURNABY

R E A L E S T A T E W E E K L Y

Looking to BUY or SELL a home? To assist you in making the best decisions, a professional Realtor can provide

the most up to date information on the real estate market, price, nancing

and comparative properties in your area.

Find your EXPERT Real Estate professional right here in REW.ca!

Many rst-time buyers are so excited about nding that perfect home that comes with everything on their wish list that they often dont realize that the costs involved go beyond the purchase price. We often enter into the single biggest purchase of our lives without a clear plan, research or budget, says Gordon Bennett, a partner/lawyer at Bennett & Parkes. THE MORTGAGEOnce the decision to buy a new house

has been made, the nancial adventure begins. Meet with your lender or mort-gage broker to nd out exactly what you can a ord to spend. The rst order of busi-ness will be to determine the amount of your down payment. You need a minimum of ve percent down to around 20-25 per cent. The lender then calculates what you can borrow based on the total of mortgage payment, property taxes, heating costs

and any current debts youre carrying.A great place to start researching is on the CMHC website (Canada Mortgage and Housing Corporation). There is a calcula-tor that helps you estimate the maximum purchase price and maximum monthly housing cost you can a ord based on your gross monthly household income. Generally the monthly cost of your mort-gage, property taxes and home insurance should be no more than 28 to 32 per cent of your monthly gross pay. Some advisors suggest using your take-home pay to cal-culate that same percentage so youre not eating up all of your income with home expenses.COSTS OF BUYINGBuying entails a number of extra costs as

well. You may also be responsible for real estate commissions (if you are selling as well as buying), mortgage loan insurance (if you are paying less than 20 per cent down on your home) and, on a newly built

home, GST and possibly PST. Its worthwhile to pay for a home inspec-tion to check for major issues. As a buyer, you dont pay your Realtor,

but its important to have a lawyer or notary public to represent your interests, and you do pay for that. A buyer is also responsible for the property transfer tax of 1 per cent on the rst $200,000 and 2 per cent on the balance. Buying expenses can also include a site

survey, optional title insurance and strata move-in/move-out fees.And dont forget about moving expenses.

THEN THERE ARE OWNERSHIP EXPENSESYou nally have a place to call your own. Now, you have to protect it and your valu-ables. Homeowners insurance is impor-tant because it covers you for unforeseen incidents, such as re, burglary, a ood, or sewer or water damage. Once you own, there are heating, elec-

tricity, cable, Internet, home telephone,

garbage, sewer, property taxes and other local municipal fees to consider. You may even need to buy an annual parking pass to park on your street.Things do break down, so you need to

have a bit of a nancial cushion in case the washer quits or your hot water tank bursts. In addition, when buying a townhome or condominium, soon-to-be buyers might also end up with major replacement or repair costsbeyond the monthly strata fees. Dont let those hidden costs turn you o buying a home. If you practise due diligence, youll be able to kick back and enjoy your new home that much more.

THE REAL COSTS OFHOME OWNERSHIP

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Dollars and cents of buying a new home: dont get caught by hidden costs!

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the most up to date information on the real estate market pric


Real Estate Weekly

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#210-6740 Station Hill Court Bby $222,000

1536 Vinson Creek Road Van W$5,380,000

3500 River Road, Rmd$2,120,000

#1523 Shannon Wall Centre Van$1,250,000

1103-5728 Berton Ave, Van W$618,000

107-5838 Berton Ave., Van W$1,650,000

4540 W 11th Ave, Van W 7619 Sunnydane Rd. Rmd 2715 W 20th Ave, Van W 3431 Lamond Ave, Rmd 3460 Lamond Ave, Rmd 122 W 43rd Ave, Van W1105-1325 Rolston Street ., Van2437 Halston Ct, West Van1280 W 57th Ave., Van W641 Andover Place ., W.Van

$828,000

TH3- 7979 Firbridge WY, Richmond $788,000

8251 Alanmore Place Rmd$998,000

9280 Boyd Court Richmond $1,695,000

1006-5199 Brighouse Way Rmd$1,298,000

4686 W 8th Ave Van Maine&Cambie Skytrain station

$2,995,000

$1,780,000 $1,050,000

6659 Southoaks CR, Bby$598,000


VANCOUVER PROPERTY GROUP, ERIC LANGHJELM4.00 x 972.00R100424834C

Tastefully updated 2,293 sq ft on a quiet cul-de-sac in the heart of Gleneagles, a neighbourhood defined by its fantas-tic climate (less rain, more sun!), friendly residents, spectac-ular setting, and access to a wealth of indoor andoutdoor recreation resources. This residence features 4 bedrooms, 2 bathrooms, beautiful hardwood floors, granite counters, quality cabinetry and new windows and doors. The main floor opens onto a large deck with a beautiful West Coast outlook. This home is ideal suited to those looking to down-size into a turn-key, quality home; investors looking for a strong revenue property (downstairs is a legal 2 bedroom suite), or a young family looking for an affordable entry into a wonderful community.

6475 FOX STREET, WEST VANCOUVER

HUGH COOPER VANCOUVER PROPERTY GROUP

778.998.4844VPGREALTY.CA

[email protected] at $1,215,000HD Video at www.vpgrealty.ca

VPG REALTY INC#100 - 2489 BELLEVUE AVENUEWEST VANCOUVER BC V7V 1E1

604 281 0930 VPGREALTY.CA

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CHINESE EDITION Nov 28, 2014 Real Estate Weekly