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Champlain Heights home on Corner Lot!

Corner lot in Champlain Heights rarely available! This 2872 sq ft home provides a functional floor plan, with 4 bedrooms, 3 bathrooms, large living area, separate dining room, recreation room & more. Large sundeck overlooking your lush, private backyard. New roof 2 years old. Quiet neighborhood close to community center, parks, shopping, golf course, transit & schools. Offered at $1,280,000

For more information please contact:

Tanya Jakubec

604-614-6914

tanya.jakubec@century21.ca

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Open house Sat & Sun Feb 18 & 19th 2-4pm – Beautiful 2 Bedroom at Summerlin – Silversprings in Westwood Plateau!

Welcome home to Summerlin at Silver Springs at the base of Westwood Plateau!  Located at #402 – 2958 Whisper Way in Coquitlam, BC.  This beautiful Whistler inspired unit offers custom River Rock fireplace with built-in Plasma TV, slate bathroom floors and maple cabinets.  Enjoy your open-concept kitchen with stainless steel appliances and gas stove.  Relax or dine in your open space living/dining area.  Your quiet patio awaits your BBQ.  Large master bedroom with walk-in closet and beautifully finished ensuite!  Living at Silver Springs includes exclusive membership to the residents-only Cascade Club with it’s hot springs-inspired pool and hot-tub, barbeque terrace, fireside billiards lounge, finess facility and resident concierge.

For more information please contact:

Tanya Jakubec

604-614-6914

www.tanyajakubec.com

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Open house in Panorama Ridge Sunday May 15 from 11 am – 1pm

Open House in Surrey’s exclusive Panorama Ridge. Sunday May 15 from 11 am – 1 pm

12397 56th Ave Surrey, BC

Updated 3 bedroom home in Panorama Ridge. This home has been upgraded with a new roof, built in sprinklers, new appliances, new hot water tank, plus so much more. Great family home with open concept kitchen, dining room, family room, and  living room – Great for entertaining. Located in a private “oasis” like setting featuring customized water fall in back yard. Fantastic Master bedroom with separated sitting area, features large walk-in closet and stunning en-suite. This home is close to schools, parks, shopping and so much more! This home is priced to sell at $689,900. Welcome to your new home!

F1107011

For more details please contact:

Tanya Faulkner

Century 21 In Town Realty

604-614-6914

www.tanyafaulkner.ca

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Open House Saturday Oct. 16 12-2pm in Surrey’s Exclusive Panorama Ridge!

Open House Saturday Oct. 16 12-2pm in Panorama Ridge!

12397 56th Ave Surrey, BC Offers 3 Bedrooms, 3 Bathrooms, 2400 sqft renovated home with open concept kitchen, dining room & living area & is ideal for entertaining friends and family. Close to schools, parks, and amenities this home has it all!

MLS F1022619

For more info please contact:

Tanya Faulkner

Century21 Intown

604-614-6914

tanya.faulkner@century21.ca

www.tanyafaulkner.ca

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Georgeous 3 Bedroom Home in Surrey’s Excl. Panorama Ridge

This home has been upgraded with a new roof, built-in sprinklers, new appliances, new hotwater tank, new paint plus so much more. Great family home with open concept great for entertaining. Located in a private ‘oasis’ like setting featuring customized water fall. Master bedroom with separate sitting area, large walk-in closet, and stunning ensuite bathroom! Located close to all amenities, schools, daycare, and parks! Do not miss this home!

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Open House Aug. 14 from 1-3pm! 1 Bedroom in the heart of downtown!

Bright and spacious southern exposure suite at the Freesia in the heart of downtown Vancouver. This immaculate and well kept suite has been recently painted and is in move-in ready condition. The large balcony is perfect for BBQing and opens into the open concept living room. The kitchen has thick granite counter tops, stainless steel appliances and lots of cupboard space. The large den/home office/flex space/insuite storage has data and power jacks. An abundance of closet space in the bright and airy bedroom. Includes a large full sized stacker washer and dryer. Solidly built in 2006, 1082 Seymour St has a full time professional concierge, a well equiped gym, and lots of bike storage.

#210-1082 Seymour St Vancouver

For More information please contact:

Tanya Faulkner

Century21 Intown Realty

604-614-6914

tanya.faulkner@century21.ca

www.tanyafaulkner.ca

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Open house Sunday, July 11 2-4pm- Downtown #2504 989 Beatty St Vancouver, BC

Rarely available Yaletown sub-penthouse under 600K.  Welcome to your new chic and cozy, 900 sq ft, 2 bedroom sub-penthouse situated in the heart of Yaletown at the popular Bosa built, NOVA.  This great open floor plan is perfect for entertaining or enjoying an evening by the fire while looking out at the panoramic views of the city, ocean & mountains. The bright east, south & west facing windows, en-suite bathrooms & walk-in closets in both bedrooms along with the granite & S/S in the kitchen provides fantastic value for the homeowner.

Public Open Sunday, July 11 2-4pm.

For more information please contact:

Tanya Faulkner

604-614-6914

tanya.faulkner@century21.ca

www.tanyafaulkner.ca

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Vancouver’s Hottest Market

Despite a new forecast that housing prices will drop 3.5 per cent in British Columbia in 2011, Jan Fricker and her husband Steve Lott are confident they will soon find a buyer for their east-side character house.

The house, at 431 E. 37th Ave. and listed for $899,000, is near Main Street, one of Vancouver’s hottest real-estate neighbourhoods.

Fricker, 49, and Lott, 55, love the neighbourhood so much they bought an empty lot one block away in 2006 and built their dream home.

Since then, they’ve been renting out the 2,400-square-foot 37th Avenue house, which also has a two-bedroom basement suite. They decided to sell the house because it is challenging to carry two mortgages and the market appears strong, Fricker said.

Their confidence goes against the Canadian Real Estate Association’s lowered forecast for both sales volume and prices for 2011, based on a “weaker than expected start to the new year in British Columbia.”

The CREA says rising interest rates, a change to mortgage regulations and declining affordability due to rising prices are the reasons for its revised forecast, released Wednesday.

For the whole of B.C., the CREA’s forecast says prices are expected to rise 2.3 per cent to an average price of $476,400 for all home types this year and drop 3.5 per cent to $459,800 next year.

Sales in B.C. are expected to fall 5.9 per cent in 2010 to 80,000 units from 85,028 units in 2009. The forecast for 2011 is for 71,500 units to be sold, a decrease of 10.6 per cent.

On Tuesday, the Bank of Canada raised its overnight rate for the first time in three years, to 0.50 per cent.

“With interest rates soon expected to rise, Canada is widely believed to be entering a typical demand-driven downturn due to recent price increases and rising interest rates,” said chief CREA economist Gregory Klump. “A downward trend in national sales activity combined with an increase in listings will result in a more balanced market.

Lorne Goldman, a Vancouver realtor for 30 years, says he places little faith in the new forecast.

“There was not an economist or a forecaster or an expert that correctly predicted the last change in the real estate market,” he said. “When February 2009 came, there was complete non-confidence in the real estate market as we were in the worst recession since the Great Depression. Prices were plummeting. [On] March 1, 2009, suddenly multiple offers showed up and prices rose significantly. Nobody predicted that.”

The most in-demand area for character homes in Vancouver is the Main Street neighbourhood, Goldman said, where houses start at about $800,000.

“The cachet of the Commercial Drive area is being usurped by the Main Street area,” he said. One listing near Main Street and 17th Avenue has been on the market one week and received three offers, he said, while on the west side, he does not have any multiple-offer situations for any of his listings.

Goldman attributed this to lower prices on the east side and the popularity of the Main Street neighbourhood.

Goldman has one couple selling their Kerrisdale home to buy a smaller one in either the Commercial Drive or Main Street neighbourhood, but they’ve found less selection and a more competitive market on the east side.

There were 800 listings as of Wednesday for single-family homes on the west side and 809 listings on the east side, but “the market seems to be hotter on the east side,” Goldman said.

Fricker and Lott have yet to have any written offers on their house, which has been listed for three weeks, but they’ve had lots of interest, with 50 or 60 people at each showing.

“We’re pretty confident we’ll get it sold,” Lott said. “Land in the city is going to increase no matter what.”

Goldman, who works for MacDonald Realty, said he has seen an overall decrease in the number of offers and calls he is receiving, possibly due to higher-than-normal demand earlier this year.

“The reason there was more demand is that there were people with pre-approved mortgages, and now rates have gone up. They were rushing to get their property before rates went up,” he said.

Although both Fricker and Lott grew up in the suburbs — one in North Vancouver, the other in White Rock — a passionate commitment against commuting led them to the city.

“We love living in the city. We have only one car and we ride our bikes and take transit. It’s really critical to us to live close enough in so that we can do that,” Fricker said.

Fricker works in Yaletown and commutes via bus and the Canada Line, while Lott, who is an elementary school teacher, rides his bike to work.

They bought the house in 1996 for $270,000, a price, they say, that reflected the state the house was in at the time.

“It was a dump,” Fricker said. “We’ve worked really hard on this house.”

tsherlock@vancouversun.com