Cory Raven | 604-220-9399

 
Property Photo: 2245 154A ST in Surrey
Please visit our Open House at 2245 154A ST in Surrey.
OPEN HOUSE: Sat, Jan 2 2-4
Cape Cod South Surrey/White Rock, 1800 sqft beauty, 3 bedrooms, 2.5 baths. Located just a couple blks from Elementary school, Peninsula Shopping mall, 5 min drive to beach and close to highway access. This home is ideal, located in an established family neighborhood. Beautifully landscaped, large and private westerly facing backyard. Main floor has separate living and dining room, den, kitchen and laundry room. Upstairs is 3 spacious bedrooms with excellent storage in all the nooks and crannies the Cape Cod style home has to offer. Updates include roof, high efficiency fireplace, hotwater tank, paint, light fixtures and flooring.
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This is a MUST READ 2 page PDF dealing with reflections on 2009 and the Vancouver Real Estate Market.  Will Mortgage rates rise?  Should I lock in my mortgage? Should I buy presale?
 
Cory Raven
Managing Broker
TAC Real Estate Corp.
604-220-9399
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With one of the finest locations for Real Estate in all of Vancouver, the small area west of Denman Street is not cheap.  However, if you enjoy being walking distance to Stanley Park, the Seawall, English Bay, Lost Lagoon, Coal Harbour and much more, this could be the area for you.
 
If you have any questions about these listings or any real estate matters, call Cory Raven directly at 604-220-9399
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This one is really sad.  Looks like there needs to be some extra levels of checking to make sure you are foreclosing on the right owner.  Having said that, even if they had the right home, isn't throwing away someone's possessions a little harsh, even if they have fallen in to foreclosure?  One would think there would be a time where things would be stored and a period where the owner could claim their belongings
 
LAS VEGAS -- A Las Vegas woman says she was the victim of a horrible mistake that left her with an empty condominium and a lot of questions.
 
Nilly Mauck lived in her condominium for two years and said she never had problem until a series of strange events eventually led to a company coming into her home and throwing away everything she owned.
 
As Mauck walks around her now empty condo, she can't help but remember how things used to look. Every room in the home is empty and Mauck says the reason is a mistake of address numbers. Her address is 1157, which is close to 1156, a condo that is in foreclosure.
 

A few weeks ago, the foreclosed home was supposed to get locks changed but Mauck says that's not what happened. "I came home to pick up something and there was a note on my door from the Brenkus Team of Keller and Williams Realty stating that they accidentally re-keyed the wrong door," she said.

It was a problem Mauck thought was fixed, until she came home to find a man going into her home. Mauck says everything inside was missing.
 
She says she later learned her home had been trashed out, a process done to foreclosures where everything left inside is thrown away.
 
Mauck says she contacted the Brenkus Team. "I said give me $100,000 to $200,000 to replace my things because it will take time and that is being generous. And they said, ‘Ok, that is too much.' She called me that day and told me they were only willing to give me $5,000," she said. "My clothes, my wedding dress, baby pictures, wedding photos, my dishes, my towels, my jewelry, anything you could possibly have in your house. I kept asking them, ‘Where did you take my things because I was ready to go and dumpster dive,' and they had no answer for me."
 
She is now staying with friends, because she doesn't want to go back to her condo.  "I do not feel secure because I know someone has access to my door," she said.
 

The Brenkus Team says their legal counsel has advised them not to make a statement at this time. The cleaning company involved also would not comment until after they contact their attorney.

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Do you know of a friend or associate who needs mortgage financing?
 
Existing Home Sales Activity Remains Strong
 

According to statistics released by The Canadian Real Estate Association, existing home sales activity remained upbeat in November 2009. The current strength of housing demand stands in sharp contrast to weak activity recorded one year ago.

A total of 36,383 residential properties traded hands via the Multiple Listing Service® (MLS®) of Canadian real estate boards in November 2009. Up 73 per cent from year-ago levels, activity was down just four tenths of a per cent from the highest level of activity for the month posted in November 2007. Home sales set new records for the month of November in Ontario and Quebec.

“National home sales activity last month shows how strongly the housing market has rebounded since the beginning of the year,’ said CREA President Dale Ripplinger. “As we predicted last April, the rebound in resale housing activity led the overall Canadian economy out of recession.”

The unprecedented year-over-year gain in activity underscores the extent to which demand has recovered from one year ago, when news of the global financial crisis hammered consumer confidence. Year-over-year gains were biggest in British Columbia (165 per cent) and Ontario (77 per cent).

Since the beginning of 2009, some 437,507 homes have been sold through Canadian MLS® Systems. This is up five per cent from activity in the first 11 months of 2008, but below levels for the period in each of the previous three years.

The national residential average price was $337,231 in November, a gain of 19 per cent compared to one year ago. For the year-to-date, the average price is up 4.4 per cent compared to the same period last year. The year-over-year increase in November continues to reflect the high degree to which the average was skewed downward last year by plummeting activity in Canada’s priciest markets, and then upward by rebounding activity. Average price in November edged back from the peak reached in October.

The price trend is similar but less dramatic for the national MLS® weighted average price, which compensates for changes in provincial sales activity by taking into account provincial proportions of privately owned housing stock. The weighted average price climbed 13 per cent on a year-over-year basis in November. This is a smaller increase compared to the year-over-year gain of 14 per cent recorded the previous month.

The residential average price in Canada’s major markets was up 20 per cent year-over-year to $368,665. As with the national counterpart, the price trend is similar but less dramatic for the major market weighted average price which rose 11 per cent from last November.

The return of strong demand and headline average price gains is beginning to draw more sellers back to the market. Seasonally adjusted new listings coming onto Boards’ MLS® Systems across Canada rose five per cent on a month-over-month basis in November to 69,110 units. This is the biggest monthly increase since January 2008.

Despite the uptick in new listings, the sharp rise in resale housing demand continues to draw down inventories. There were 183,710 homes listed for sale on Boards’ MLS® Systems in Canada at the end of November 2009. This is down 23 per cent from levels reported one year ago, and the seventh month in a row in which inventories have declined from year-ago levels.

Nationally, there were four months of inventory in November 2009 on a seasonally adjusted basis, the lowest level in more than two years. The actual (not seasonally adjusted) number of months of inventory in November 2009 stood at five months, up slightly from the previous month (4.6 months). An increase is normal at this time of year, since demand tends to ease relative to supply over autumn and winter months. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

“The latest batch of seasonally adjusted statistics may reflect distortions in the seasonal adjustment procedure due to an extraordinarily weak housing market one year ago,” said CREA Chief Economist Gregory Klump. “Deteriorating housing affordability will reign in sales activity as the overall economy further improves and the pool of buyers who qualify for financing shrinks.”

Taking Care of Your Tree

Once you get your tree home, you will need to do a few things to keep it fresh. With proper care, the average fresh Christmas tree should last at least five to six weeks.  

The main thing your tree needs is water. You've probably heard of several home remedies that suggest you add something to the water, such as aspirin, 7UP or Sprite or even bleach! You don't need to do that. Plain water will do just fine.

Once you bring your tree home, if you are not going to set it up immediately, you should put it in a bucket of water in a well-shaded area out of the wind. Most retail locations will put a fresh cut on the tree -- trimming about one-fourth to one-half of an inch (0.64 to 1.25 cm) from the base. It can take as little as four to six hours for the base of the tree to sap over. When this happens, a seal is formed and the tree will no longer take water. If this does happen, you can make another fresh cut and place it in water immediately.

You can trim your tree even after you have put it in a stand. You can cut back some of the bark along the base, exposing the pinkish layer underneath, or you can drill a few shallow holes along the base. This works because it is not the center of the trunk, which absorbs the majority of water, but rather the outermost rings just below the bark. One of the easiest ways to make sure your tree is getting enough water is to select the best tree stand. The average Christmas tree can use as much as 1 gallon (3.79 liters) of water a day, and you should check the water level daily. The general rule of thumb, according to the National Christmas Tree Association, is that one quart (0.95 liters) of water is required for each inch (2.54 cm) of the trunk's diameter. So, if you have a tree that is about 6 feet (1.83 meters) tall with a trunk that measures about 4 inches (10 cm) in diameter, you will need to have a stand that holds at least 1 gallon (3.79 liters) of water.

When shopping for stands, be sure to find out how much water the stand holds when a tree is placed in it. Many simply tell you how much water the stand holds without taking into account the displacement that occurs once the tree is in the stand. The stands shown below are examples of really great stands.

In addition to keeping your tree watered, you should not place your tree near anything that could be a possible heat source. Avoid fireplaces, furnaces and air vents. It's really amazing that something that starts out the height of a quarter turns into a big, beautiful centerpiece for the holiday season. Please remember that when the season is over, you should remove your tree before it dries out. Several communities recycle trees by chipping them -- check with someone in your area about this service.

New Facebook Privacy Choices

Facebook's new privacy controls make it easy for users to present different information to business contacts and personal friends, but only if the user is willing to accept the added complexity involved in doing so. It's not difficult, but requires time and thought.
 
This means segregating friends into appropriate sublists and being willing, if necessary, to adjust the privacy settings for each individual post. If you are willing to do that, a single Facebook account can present your life in different ways to different groups of people.
Chiefly, this allows you to keep business contacts from seeing blatantly personal posts or friends from seeing what you are saying to coworkers, customers, etc. This adds value to being your friend on Facebook, by showing your friends only posts they might actually be interested in seeing.

The privacy update, which began rolling out to the service's 350 million members last Wednesday, remains a work in progress. Facebook has already made inline changes to the available settings, once again allowing Friend Lists to be made private. Key to maintaining separate, if sometimes overlapping, business and personal lives on Facebook are new settings that allow posts to be displayed to "Everyone," "Friends," or "Friends of Friends."

There is also a "customize" option, which allows a post to be shown (or not shown) to specific individuals or groups. The same post can include some people and exclude others, as you choose. None of this is useful, however, if you don't create at least one group within your Facebook Friend List. This is done from your Friends page, using the "add to list" button to the right of each friend's name and picture. These lists can also be used with other privacy settings, allowing you to change how your profile and other information are seen, such a preventing business contacts from seeing your religious or political affiliations.

Experiment with small lists first. You also don't have to assign every friend to one or more lists, but you may choose to.Some users will find it makes sense to create a list of business users and use it to help target posts. Others will find it easier to include/exclude a list of personal friends. Create some sample lists and see how you would use them with typical posts.

This is not a perfect solution: If you want totally separate business and personal Facebook identities, you need separate Facebook accounts. The downside is that you will sometimes have to post the same item to both identities if you want it seen by everyone.
Also, expect some leakage between your lists, if only because you sometimes forget to adjust the share settings and a post goes to everyone that was meant for one group or the other. Still, the new privacy settings can make it easy to show different groups of friends mostly just what you want them to see. And they can also keep you from your friends with posts they won't care about.

 
We work for you, not the lenders!
Wayne Mah
Mortgage Planner
(604) 880-1899
mah.w@mortgagecentre.com
 
The Mortgage Centre - #103 1245 West Broadway, Vancouver, British Columbia V6H 1G7
* The information and opinions contained in this document are obtained from various sources and believed to be reliable, but their accuracy cannot be guaranteed. The publisher assumes no responsibility for errors and omissions, or for damages resulting from using the published information and opinions. This document is provided with the understanding that it does not render legal, accounting, or other professional advice. Whole or partial reproduction is forbidden without the written permission of the publisher.
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Vancouver is the world's 'most live-able' city

Tuesday, 8 December 2009

1. Vancouver, Canada

1. Vancouver, Canada

 

Canada’s Vancouver has scooped first-place spot in the top 50 "most live-able" cities, according to worldwide analysis by the Economist Intelligence Unit.

 

Vienna in Austria is ranked second, closely followed by Melbourne, Australia. The top 20 includes five Australian cities, three Canadian cities and two German cities.

Manchester is the only UK city to make the top 50, coming in at 46th place. London failed to make the Top 50 with a ranking of 51st place.

The poorest performing locations were Africa and Asia “where civil instability and poor infrastructure present significant challenges,” the survey found. Harare in Zimbabwe was ranked 140th out of 140 having met just 37.5% of the criteria set by the surveyors.

Top 10

Vancouver, Canada

Vienna, Austria

Melbourne, Australia

Toronto, Canada

Perth, Australia

Calgary, Canada

Helsinki, Finland

Geneva, Switzerland

Sydney, Australia

Zürich, Switzerland

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Property Photo: # 903 7225 ACORN AV in Burnaby
I have listed a new property at # 903 7225 ACORN AV in Burnaby.
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Property Photo: # 428 2008 PINE ST in Vancouver
Please visit our Open House at # 428 2008 PINE ST in Vancouver.
OPEN HOUSE: Saturday and Sunday 1pm-3pm
MANTRA-Cressey's latest work. Ideally located steps to shopping & restaurants along W 4th Ave, South Granville & Granville Island. The well laid out 2 bedroom boasts spacious kitchen with KitchenAid Architectural Series appliances includingGAS cooking & wine fridge along with glass tile backsplash, stone counters & huge pantry storage. This greenbelt/air conditioned & concrete home has the perfect floor plan with large living & dining areas, insuite laundry & storage rooms, built in entertainment niche, & designer bathrooms. Great common area gym & huge patio. OPEN every Saturday & Sunday 1-4 PM.
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I have sold a property at Queensborough.
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Property Photo: # 803 7225 ACORN AV in Burnaby
I have sold a property at # 803 7225 ACORN AV in Burnaby.
AXIS Living. Brand new, never lived in but GST has been paid! Ready to move in, high end spacious suite across from Highgate shopping centre. Close to....EVERYTHING!
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Interesting article from CTV below. 

Greater Vancouver real estate market rebounding

Updated: Wed Dec. 02 2009 20:43:26

ctvbc.ca

 
There are new signs that Greater Vancouver's real estate market is in the midst of a dramatic rebound.

In November 2008, there were 874 residential property sales. This past November, that number more than tripled to 3,083 sales, according to the Real Estate Board of Greater Vancouver.

That's the third highest volume ever recorded in Greater Vancouver for that month.

Prices have also rebounded in a big way. Last November, the benchmark price for a new home in Greater Vancouver was $495,000. Now, it's almost $560,000 -- just shy of what a house would've been worth at the market's peak in May 2008.

"I think we're showing that there's consumer confidence out there, which is very important," said Scott Russell, president of the Real Estate Board of Greater Vancouver.

"Obviously lower interest rates is a big factor here, and that's helping driving it. We think too the numbers are also showing that there's diversity in our product out there and people have choices."

The board also reported that new listings for detached, attached and apartment properties in Greater Vancouver went up 21 percent in November compared to a year ago.

Sales of detached properties increased 261.5 per cent compared to the same period last year.

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Strong demand carries into late fall

 
VANCOUVER, B.C. – December 2, 2009

Home values continued to edge upward in November as demand in

the Greater Vancouver housing market remains well above seasonal norms.

Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 12.4 per cent to $557,384 from $495,704 in November 2008. This price, however, remains down 1.9 per cent from the most recent high point in the market in May 2008 when the residential  benchmark price sat at $568,411.  “This unseasonably high level of demand can be attributed in large part to low interest rates, but it also speaks to the diverse range of housing options available in Greater Vancouver,” Scott Russell, Real Estate Board of Greater Vancouver (REBGV) president said. “Prospective homebuyers today have more options at different price levels

than ever before.” The REBGV reports that residential property sales in November were the third highest volume ever recorded in Greater Vancouver for that month. Sales in the region totalled 3,083 in November 2009, an increase of 252.7 per cent compared to November 2008 when 874 sales were recorded and a 16.8 per cent decrease compared to the 3,704 sales recorded in October 2009.

“We are experiencing a brisker than normal market for this time of year, although we have begun to see a reduction in the number of homes listed for sale, which is normal as we head into the holiday season,” Russell said. New listings for detached, attached and apartment properties in Greater Vancouver totalled 3,653 in November 2009.
 
This represents a 21.3 per cent increase compared to November 2008 when 3,012 new units were listed, and a 26.6 per cent decline compared to October 2009 when 4,977 properties were listed on the Multiple Listing Service® (MLS®) in Greater Vancouver.
 

At 11,039, the total number of property listings on the MLS® decreased 8.6 per cent in November compared to last month and declined 39 per cent from this time last year. In contrast to this year, note that November 2008 was the lowest selling November in Greater Vancouver in 27

years. Sales of detached properties  Increased 261.5 per cent to 1,164 from the 322 detached sales recorded during the same period in 2008. The benchmark price, as calculated by the MLSLink Housing Price Index®, for detached properties increased 13.6 per cent from November 2008 to $757,209.

Sales of apartment properties in November 2009 increased 240.5 per cent to 1,396 compared to 410 sales in November 2008. The benchmark price of an apartment property increased 11.6 per cent from November 2008 to $381,945.

 

Attached property sales in November 2009 are up 268.3 per cent to 523, compared with the 142 sales in November

2008. The benchmark price of an attached unit increased 10.2 per cent between Novembers 2008 and 2009 to

$469,686.

-30-

The Real Estate industry is a key economic driver in British Columbia. In 2008, 24,626 homes changed hands in the

Board's area generating $1.03 billion in spin-offs. The Real Estate Board of Greater Vancouver is an association representing

more than 9,400 REALTORS®. The Real Estate Board provides a variety of membership services, including

the Multiple Listing Service®. For more information on real estate, statistics, and buying or selling a home, contact a

local REALTOR® or visit www.rebgv.org.

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A news story on The Mark in Yaletown, being marketed by Cameron Good of The Key Marketing.  We have seen an increasing amount of confidence from buyers in Vancouver's real estate market.  Now, this past weekend, we saw people camping out and lining up to buy.  An interesting change (which is good) is that there are far fewer speculators than there were during the 06/07 peak of the market
 
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Please excuse the mess while I upgrade my website.  In the meantime, you may access all my blog posts by clicking here.
Please excuse the mess while I upgrade my website to provide you with even more timely and topical information on our market and the process of buying and selling.  In the meantime, you can access my blog by clicking here
Cory Raven
Telephone:604-220-9399
Cory Raven - Managing Broker
RE/MAX Select Realty
4806 Main Street
Vancouver, BC
V5V 3R8