9 7488 SALISBURY AVENUE, Burnaby, BC

新上市!位於本拿比,獨一無二的溫馨1792平方呎Townhouse,座落於管理完善兼顧隱私的社區裡。位於新興的Highgate區。 歡迎來到這個舒適,居家,並且擁有大前院/後院的城市屋!4層樓,3臥室,2.5衛浴,加上一個完整的多功能活動房。位於頂樓的超大主臥室給您完整的隱私,套間衛浴,walk-in更衣間,和私人陽台。全新廚房台面,頂級廚房家電- Miele 洗衣/乾衣機,Miele洗碗機,Bosch電爐,F&P冰箱和瓦斯壁爐。中心地段,走路即可到Edmonds天車站,大眾運輸,和Highgate Mall。地下停車位緊鄰單位方便進出,電動閘門管制安全放心。5分鐘到Metrotown,公園,和學校。

預約看房:3/13 星期六 1-4PM, 3/14 星期日 1-4PM

3D預覽: https://my.matterport.com/show/?m=ojjP1tfaP4R

更多資訊和Floor Plan:https://www.seevirtual360.com/themes/50/flashTheme.aspx…

請聯絡: Mick Lo

Licensed Realtor & Rental Property Manager

Direct 604.430.2986

Email:RealtorMickLo@gmail.com

#burnabyrealestate#highgate#townhouse#vancouverrealestate#forsale#cozyhome

REALTORS Care® Blanket Drive

 

24th Annual
REALTORS Care® Blanket Drive

第24屆

REALTORS Care®️ 寒冬送暖流活動

 November 13 to 20, 2018

Since it started 24 years ago, the Blanket Drive has helped more than 345,000 people in our communities stay warm and dry. Last year alone, more than 38,000 people received a blanket, coat, or other donation from the Blanket Drive.

Here’s how you can help

Between November 13 and 20, REALTOR® volunteers will collect warm clothing and blankets across the region. The donations are then distributed to partner charities from the same community where the item was donated.

Please donate the following items for all ages:

• gently used or new blankets or sleeping bags
• warm clothing, coats
• hats, gloves, scarves
• new socks and underwear
• plastic ponchos, bivy sacks

Socks are especially important for the homeless. They’re as good as gold. Find out why by listening to this item from CBC radio, Sunday Edition: http://bit.ly/2k6t0tF

Drop off your donations at any of these Lower Mainland real estate office locations.

 

Thank you!

The REALTORS Care® Blanket Drive is a partnership between the REALTORS® of the Real Estate Board of Greater Vancouver, the Fraser Valley Real Estate Board, and the Chilliwack and District Real Estate Board and our communities.

Videos – how the Blanket Drive helps

 

Please fill out the form below to arrange pick-up from your location:

如果你們家裡有額外不需要的衣物要捐贈,我們會在11月13號到20號到你家府上收集捐贈物品。點擊以下連結登記:

 

 

UNIVERSITY DISTRICT by Bluesky Properties

0660580D-6950-43B6-8ED5-785B22828EE5If you’re looking for a great opportunity to get into the market, University District is for you. Following the sold-out success of Bosa’s first tower, which welcomed homeowners back in 2016, BlueSky is excited to bring two more towers to this growing and vibrant urban community. Set to take advantage of all that Surrey City Centre has to offer, this next phase at UD will include two towers plus ground-oriented townhomes. With over 700 suites, including one, two, and three-bedrooms, this neighbourhood hub will offer plenty of inventory for starter families, downsizers, and investors alike. And with over 23,000SF of amenity programming—including flexible spaces to connect with friends and neighbours, health and wellness facilities, kid-friendly zones, and even an outdoor pool—there’s plenty of ways to feel at home in this growing community.

  • There are 322 homes in the North Tower at University District.
  • There are four elevators in the North Tower for reduced wait times and convenience.
  • All Homes include air conditioning and access to over 23,000 SF of amenity space.
  • Storage lockers will be available for purchase for $3,000. Limited quantities.
  • The estimated strata fees are 43 cents per square foot.
  • Total deposit invested is 25% (35% for foreign buyers) of the purchase price.
  • Completion date: Fall 2022

Price of North Tower:
Studio – from $329,000
Jr. 1 bedroom – from $359,900
Jr. 2 bedroom – from $529,900
Townhome – from $799,900

Contact Mick for more information and preview schedule:

 

 

618 Carnarvon by Skyllen Pacific in New Westminster

Price Range Information:

Price List

 

Key Information About 618 Carnarvon

  • 2 blocksfrom the waterfront
  • 5 minute walk to two SkyTrainstations
  • Stunning views of Mount Bakerand the Fraser River
  • Stepsaway from grocery stores, pharmacies, restaurants and coffee shops, banks, fitness studios, spas, and salons
  • On-site Car Shareparking stalls
  • Over 30,000 sfof outdoor garden space
  • Convenient indoor amenitiessuch as a shared workspace, social lounges, and a fully equipped gym facility

 

Contact Mick Lo for more Information

 

Canadian Inflation – January 26, 2018

Canadian inflation, as measured by the Consumer Price Index (CPI), slowed slightly in December to 1.9 per cent year-over-year, down from 2.1 per in November. Excluding the price of gasoline, inflation was just 1.5 per cent. The Bank of Canada’s three measures of trend inflation continue to trend close to 2 per cent.   In BC, provincial consumer price inflation was 2.0 per cent in the 12 months to December.
 
While it did cool in December, inflation in Canada is now pushing up against the Bank of Canada’s 2 per cent target after remaining fairly muted for much of the last year. Today’s release shows a general firming of inflation around 2 per cent which, if sustained, will mean further rate increases from the Bank this year.

For more informant please contact Mick Lo at 604-430-2986

What to expect from rising interest rates

Consumers who locked in their mortgage last fall or summer might be feeling smug following Wednesday’s increase in flexible loan rates.

But for first-time buyers and home owners looking to renew there is nowhere to hide from a rising interest rate environment.

The big Canadian banks increased their fixed-rate mortgages to 5.14 per cent from 4.99 per cent last week, even before the Bank of Canada announced the quarter per cent increase that triggered the rise in variable loan costs.

“The fact is, (people) have been incredibly lucky in terms of mortgage rates for the last eight years,” said Laurence Booth, professor of finance at the University of Toronto’s Rotman School of Management.

He reminds his students of his own experience, which included a variable rate mortgage of 24 per cent in 1981, during a period of volatile interest rates.

“We’re definitely in an increasing interest rate environment. We’ve seen that with the three Bank of Canada hikes over the last year,” he said.

More increases to the benchmark rate, which stands at 1.25 per cent, are expected this year.

But Booth said the central bank is moving carefully because, while Canadians seldom default on their mortgages, it doesn’t want to drag down the overall economy by reducing Canadians’ spending on groceries and other consumer goods to meet those home payments.

For more information, please contact Mick Lo at 604-430-2986.

 

Buyer Beware: 5 Bylaws to Watch When Buying a Condo

Buying a condo? The legal doctrine of caveat emptor (“let the buyer beware”) continues to apply to real estate transactions in BC today, and can have the effect of denying the buyer a remedy for defects and deficiencies discovered in the property after purchase. In general, the onus is on the buyer to determine the state and quality of the property being sold – rather than on the seller to point out any potential problems.

When purchasing into a strata building, an important part of the buyer’s due diligence process is reviewing and understanding the current bylaws of the strata corporation. A failure to review the bylaws can lead to nasty, unwanted surprises for new homeowners later down the road.

Schedule “A” of the Strata Property Act establishes a standard set of bylaws that apply to all strata corporations unless some or all of them have been replaced by custom bylaws. Any bylaw amendment must be passed by a three-quarter vote of owners at either an Annual General Meeting (AGM) or a Special General Meeting (SGM). Practically speaking, most large strata corporations will have adopted their own custom bylaws.

Bylaws are only enforceable if they are registered with the Land Title and Survey Authority (LTSA). However, there is no strict time limit within which a strata corporation must register the bylaws at the LTSA after their adoption by the owners. In a seller’s condo market, it is not unheard of for prospective purchasers to submit offers without any subjects. In such cases, time-permitting, prospective purchasers should consider ordering a copy of the strata corporation’s registered bylaws from the LTSA prior to submitting an offer.

In addition to reviewing the registered bylaws, it is important for prospective purchasers to request a “Form B” Information Certificate. The Form B discloses a variety of important information about the strata lot and the strata corporation including any copies of any bylaw amendments that have not yet been registered with the LTSA.

Here are five types of bylaws that you should pay particular attention to, as they could make a huge difference to many buyers.

Rental Restrictions or Rental Prohibition

Particularly if you’re purchasing the property as an investment, but also if you might simply want to rent out your place and go travelling, you will want to ensure that you are in fact allowed to rent out your strata lot. The strata corporation may have already enacted bylaws that could either prohibit the rental of residential strata lots entirely, or limit the number or the percentage of strata lots that may be rented out. Strata corporations may also restrict the length of time for which strata lots may be rented.

Short-Term Accommodation Prohibition

Offering up all or part of your strata lot for short-term accommodation can be a significant mortgage helper. However, the rise of AirBnB has led many strata corporations to pass use-of-property bylaws that prohibit short-term accommodations. So, even though the City of Vancouver will now permit primary residences to be let short-term by licensed hosts, that doesn’t mean the strata corporation permits this practice.

These bylaws should not be confused with rental restrictions or prohibitions, as BC courts have found that short-term accommodations are legally different in nature to rentals. Unlike with rental restrictions or prohibitions, there is no grandfathering of use-of-property bylaws. Rather, they take effect as soon as they are registered with the LTSA.

Pet Restriction or Pet Prohibition

When buying a home for yourself, make sure that your pet has a home as well. Pet bylaws vary greatly and can be as extreme as a complete pet prohibition. However, it is more common for strata corporations to restrict the number and types of pets.

The often-used Schedule “A” bylaws restrict pets in a strata lot to one or more of (1) a reasonable number of fish or other small aquarium animals, (2) a reasonable number of small caged mammals, (3) up to two caged birds and (4) one dog OR one cat. Strata corporations who have passed a custom pet bylaw may have modified these restrictions and may require pets to be pre-approved and registered with the strata council.

Approval for Hardwood Flooring

Want to replace carpeting with hardwood floors before moving in? It’s important to remember that when it comes to strata living, an owner is not the master of their own domain. In an attempt to reduce noise transmission between strata lots, many strata corporations have adopted bylaws that specifically regulate the installation of new flooring.

Even if your strata corporation’s bylaws do not contain specific provisions targeting the installation of flooring, the bylaws will always contains some general provisions requiring approval of the strata council for alterations or renovations to a strata lot. Proceed with caution before making such changes.

Insurance Bylaws

Unfortunately, many homeowners will check their strata corporation’s bylaws only after a problem arises. One very common issue faced by owners in a strata building concerns the obligation to repair water damage. Depending on the wording of insurance bylaws, you may be liable for damage caused by water escaping from your strata lot irrespective of whether you have been negligent or careless. The easiest way to protect yourself from such claims is by making sure that you purchase your own individual homeowner insurance to fill in any gaps left by the strata corporation’s insurance policy.

Manufacturing Sales – January, 2018

Canadian manufacturing sales increased 3.4 per cent to a record high $55.5 billion in November, a height primarily achieved due to higher sales in the transportation equipment, petroleum and coal and chemical industries.  Sales were up in 12 of 21 manufacturing sub-sectors, reflecting broad-based growth in the Canadian manufacturing sector.
 
In BC, manufacturing sales increased 0.7 per cent on a monthly basis and were up 7.1 per cent year-over-year. The BC manufacturing sector has thus far been able to move past disruptions in the forestry sector due to US trade policy, and has now posted four straight months of growth. Sales have moved higher in 8 of the lat 9 months and employment in the sector has been rising, contributing to BC’s overall strong job growth and associated housing demand. 

For more information please contact Mick Lo at 604-430-2986

Bank of Canada Interest Rate Announcement

The Bank of Canada opted to raise the target for its overnight interest rate this morning 25 basis points  to 1.25 per cent.  In the statement accompanying the decision, the Bank cited recent strong economic data and rising inflation as motivations for the rate increase. The Bank expects growth in the Canadian economy to slow to 2.2 per cent in 2018 and 1.6 per cent in 2019 with consumption and new home construction contributing less to growth than in years past.  With the economy returning to full-capacity, inflation is forecast to remain at 2 per cent over the medium term.  The Bank also flagged risk to its outlook from ongoing NAFTA negotiations and noted it would remain cautious in considering future interest rate adjustments.

With the Canadian unemployment rate hitting a 40-year low and inflation ticking higher in recent months, the Canadian economy would seem to be operating at full capacity. That argues for a more hawkish approach to monetary policy in order to bring interest rates closer to what the Bank estimates would be neutral for the economy, that is, a level in which the economy is neither running too hot nor too cold.  While today’s rate increase was widely anticipated, it did come earlier in the year than previously expected and likely signals further rate increases to come in 2018.  Canadian mortgage rates have already moved higher in anticipation of Bank of Canada tightening, which means a much tighter borrowing environment in 2018, particularly given newly implemented mortgage qualifying rules for low-ratio buyers.

For more information please contact Mick Lo at 604-430-2986