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5 Reasons to Move to Vancouver Today

Come, fall in love with Vancouver

Vancouver, British Columbia, is a major Canadian City. Despite a global housing slowdown, the city is still booming and the prices of its houses are still increasing. Undoubtedly, Vancouver is a good city to invest in for housing as well as commercial purposes.

The city has recently seen a large influx of foreign investment from China, despite a 15% tax on foreign home buyers. This shows that Vancouver has tremendous potential and is a great area to move into. Current Vancouver MLS statistics indicate an average house price of $1,146,150 and 1,154 new listings in July 2017. As of August 2017, the Vancouver housing data shows the average days on the market for a home to be 17 days.

 

Here are our top 5 reasons for you to move to Vancouver:

 

So Beachy

Vancouver estate has nine beaches to be proud of. It is a prime location in the hotter months of the year as the cool breeze from the coasts help fight the heat. Be it long walks on the beach with your loved ones or tan dates with your friends, you can have it all! Live in your dream summer vacation beach house permanently!

 

So Hilly

Not very fond of the ocean? Fret not. Vancouver has the solution. There are three ski mountains near Vancouver: Cypress, Seymour and Grouse. Cypress is the most popular of the three for snowboarders. Whistler’s two mountains are also less than a two-hour drive. You could always take a hiking or trekking trip to Mount St. Helens or even Mt. Hood.

 

Go Shopping

Robson Street in Downtown

Vancouver is perfect for you if you believe in retail therapy. It has a great fashion district centred on Robson Street, which also hosts a lively art culture. There is a large variety of malls and shops including the historical and trendy Granville Island Public Market. They even have a Farmers Market with over 200 vendor participants!

 

Easy Travel

 

vancouver seabus
Vancouver Seabus. Image Source: news1130.com

Public transport is one of the best and most cost-effective ways to travel the city. The locals can choose between SkyTrains and SeaBuses. Visitors can float planes over to Vancouver Island as well as travel on AquaBuses across to Granville Island! The public metro system can also take you as far as the airport if necessary.

 

Education Hub

Looking for a private or public school or college for your kids? The public school system alone provides education to over 56,000 students every year. Plus, there are fantastic post secondary options like the University of British Columbia, Simon Fraser University, Columbia College, Vancouver Community College, and the Emily Carr Institute of Art & Design.

 

Conclusion: Albeit a little expensive, living in Vancouver is worth the high costs of living there. The real estate in the major city is booming, and it is not without reason. Everyone wants a piece of Vancouver, and you should grab yours too! Start your search for your Vancouver home today.

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Sustainable Living in Vancouver

One of the great things about living in Vancouver is our cities goals to live green! Here is a great read about how it is helping out commercial buildings and hopefully next, residential.

 

https://www.biv.com/article/2016/8/vancouver-emerges-leader-green-development/

 

Here are some great tips on how to live an eco-friendly lifestyle! All of these tips come from the City of Vancouver website (1).

Improve the heating efficiency of your home

Heating your home consumes about half of your total household energy. By lowering your thermostat, draft proofing your home, and ensuring your furnace is working efficiently, you can save big, while reducing your footprint

 

Reduce the amount of energy you use heating water

Between 80 and 90% of the energy used to wash your clothes is for heating the water. By switching to cold-water washing, you can save up to $52 a year in energy costs.

 

Limit the amount of material sent to the landfill

The Greenest City target for 2020 is to decrease the amount of waste going to the landfill or incinerator by 50%. You can help, by reducing what you throw away.

When shopping, be mindful of what will end up in the landfill. Choosing products with less packaging, buying higher-quality products (or second-hand products), and bringing reusable shopping bags with you can help reduce waste.

 

Reduce the energy consumed by home lighting

Lighting in your home takes up to 20% of your overall electricity use. Changing the way you locate and design lighting in your home, as well as the amount of lighting you use, will help reduce your energy.

 

 

 

Sources: (1) http://vancouver.ca/green-vancouver/tips-for-sustainable-living-at-home.aspx

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Vancouver is One Hot Housing Market—Can a Yaletown Condo Beat the Heat? Despite recent economic downturns in other parts of the country, the cost of owning a detached, single-family home in Vancouver continues to rise. More and more prospective homeowners

Despite recent economic downturns in other parts of the country, the cost of owning a detached, single-family home in Vancouver continues to rise. More and more prospective homeowners are looking at Vancouver condos as an alternative route to homeownership in this flourishing city. As home prices Vancouver continues to rise, luxurious condos in Yaletown and Vancouver downtown condos are an increasingly attractive alternative for many of Vancouver’s up and coming residents.

How Hot is It?

According to recent statistics, it now costs nearly 120% of a household’s median annual income to purchase a stand-alone house in Vancouver. Royal Bank of Canada, in its 2016 first quarter RBC Housing Affordability Fact Sheet, refers to Vancouver’s 25% year-over-year housing price surge as “epic.” Housing prices for single-family homes in Vancouver have reached such extreme heights that in June Prime Minister Justin Trudeau hosted experts at a Roundtable on Affordable Housing to discuss the situation.

Detached Homes are Boiling Over

In its 2016 first quarter Housing Trends and Affordability Report, RBC announced an 87.6% aggregate affordability rating for detached, single-family homes in Vancouver. This means that the total cost of owning a home in Vancouver—including mortgage payments, taxes, and utilities—would consume over 87% of a typical family’s monthly pre-tax income.

Kerry Gold, writing about the housing roundtable and citing data from Landcor, reports that the average price for a detached house sold in Vancouver is now nearly $3 million. Other reports place the average sale price at a mere $1.4 million. While these figures would seem to indicate that incomes in Vancouver are robust, home ownership is still not for the faint of heart or light of wallet.

Prices for Vancouver Condos Stay on Simmer

The burgeoning prices of detached single-family homes in Vancouver have put them out of reach for many hopeful homeowners and made them unattractive to investors and lenders. Fortunately, Vancouver condo and apartment prices, while still moving up, have not increased at the same alarming rates. Craig Wright, RBC’s Chief Economist, stated in a recent news release that the2016 first quarter housing affordability rating for Vancouver’s condo apartment market is 46%—a figure that aligns with housing costs in much of the rest of Canada. The same article that reports average detached home prices in the $3 million range indicates that the average condo in Vancouver may be purchased for just under $750,000.

Find a Condo That’s Just Right in Yaletown

Even as the Vancouver housing market tightens, purchasing a condominium in Vancouver remains an option for those who are ready to stop renting. Instead of having to move far away from the city center, those seeking to own a home can enjoy all the benefits of living in a close-knit community by purchasing a Yaletown condo. Yaletown high-end condos are a perfect way to buy a home sans the extra maintenance and commute time associated with owning a single-family home. Yaletown and downtown Vancouver condos are available with a number of attractive features that make them just right for buyers of all types. Before the market gets any hotter, isn’t it time to find the one that suits you?

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Free Home Evaluation

Answers to your home-selling questions are just a click away! I will find the value of your home by running a Comparative Market Analysis (CMA) that is based on the current real estate market.

 

Through the Comparative Market Analysis, I can evaluate the prices of properties similar to yours that have recently sold in your area. This analysis will give you an accurate evaluation of your property’s market value, one of the first essential steps as you prepare to sell your home. Let me make this process as seamless as possible for you in this hot market!!! Click the link below to fill out my free home evaluation form!

 

 

http://tanyajakubec.com/home-evaluation.html

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Just Listed & Just SOLD!

http://tanyajakubec.com/mylistings.html/listing.r2074616-1001-richards-street-vancouver-v6b-1j6.57674018

 

This 1 bedroom and den at Miro (1001 Richards) just SOLD in multiple offers! Now is the time to sell. Contact me for a free home evaluation!

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Yaletown Townhouse

Townhouse living in Yaletown. 1060 square feet, 3 patios with over 600 square feet of outdoor space. 2 bed/ 2 bath over 2 levels, plenty of storage, parking and great Ammenities.  Open House Sunday March 8 from 2-4.

1418 Seymour Mews.

Contact me for more details

Tanya Jakubec

6046146914

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2 Bedroom at Anderson Walk in Central Lonsdale! Open House Sunday Jan 25, 2015

A PRISTINE HOME that presents like NEW in Central Lonsdale’s highly sought after Anderson Walk. Offering over-height ceilings, a cozy fireplace, large balcony & an open concept layout. This suite is sure to please. The gourmet kitchen is impressive w/ large breakfast bar, SS appliances, granite counters, gas stove & tons of cabinet space. Master bedroom offers walk-in closet & ensuite bath, while 2nd bedroom is ideal for a nursery, guest room or home office. Positioned perfectly in the complex this suite enjoys a west exposure ideal for evening BBQ’s & capturing sunsets. Live in a truly unbeatable location within steps of Harry Jerome Rec Centre, countless parks, dozens of restaurants & boutique shopping

Open House Sunday Jan 25, 2-4pm.

Contact for more details

Tanya Jakubec

6046146914

tanya.jakubec@century21.ca

http://www.century21.ca/Property/101024576

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First-time home buyers warned of possible mortgage hikes

BMO predicts mortgage rate hikes in second half of 2014: Check out this article from Vancouver Sun

According to BMO’s First-Time Home Buyer’s Report, one-third of first-time buyers (31 per cent) expect interest rates to stay the same over the next five years. However, these first-time buyers may need to reconsider their outlook.

BMO Economics projects the Bank of Canada will raise its overnight lending rate in the second half of 2014.

“The Bank of Canada has made no changes to its policy bias,” said Doug Porter, Chief Economist, BMO Capital Markets. “With Canadians’ debt-to-income ratio poised to stabilize in the months ahead and the housing sector cooling, we continue to look for a rate hike during the second half of 2014. Even so, other interest rates, such as longer-term mortgage rates, can rise well ahead of the Bank of Canada.”

Frances Hinojosa, Mortgage Expert, BMO Bank of Montreal, noted that the current projections indicate the cost of borrowing to own a home will gradually increase, and buyers should take note when planning their purchase. “It remains vital for Canadians – particularly homeowners – to be prepared for the inevitable rise in interest rates.”

Those living in Ontario are the most likely (34 per cent) to expect interest rates to stay steady over the next five years, whereas those in the Prairies are the least likely (27 per cent). Twenty-eight per cent of British Columbians expect rates to stay steady.

The report also showed that, while the timing of the rise in rates may be different, Canadians are taking the right steps — 76 per cent plan to “stress-test” their mortgage against a higher interest rate to ensure they can afford their home over the long term. Ontarians are the most likely (80 per cent) to stress-test their mortgage, while Atlantic Canadians are the least likely (62 per cent). British Columbians are also likely to stress-test, at 75 per cent.

“For both first-time and repeat buyers, it’s essential to stress-test their mortgage against a higher interest rate to ensure they can manage a rise in costs as a result of any potential increases in interest rates down the road,” added Ms. Hinojosa. “It’s also wise to choose a mortgage with a shorter amortization, which can help homeowners become mortgage-free sooner.” Other key findings include:

— One-in-three (32 per cent) first-time buyers are unsure how long they will live in their first house

— Two-in-three (68 per cent) consider their first home to be only a “starter home”

— Six-in-ten (63 per cent) have made cutbacks to their lifestyle to save for their first home

— One-in-four (27 per cent) expect their parents or other family members to help them pay for their first home

Ms. Hinojosa added that those who are ready to enter the marketplace can get a head start on planning by getting pre-approved for a mortgage before setting out to lock down the perfect home.

For those looking to buy a home, try BMO’s Mortgage Calculator to complete an affordability assessment and determine how much you can realistically afford: http://www.bmo.com/calculators/hmcia/index.jsp?lang=en.

The BMO First-Time Home Buyers Report was conducted by Pollara. Survey results cited in this report are from online interviews with a random sample of 2,000 Canadians 18 years of age and over, conducted between February 25 and March 5, 2013. As a guideline, a probability sample of this size would yield results accurate to +/- 2.2 per cent, 19 times out of 20. Data has been weighted by region, gender, and age, based on the most recent Census figures, so that it is representative of all adult Canadians.
Read more:http://www.vancouversun.com/business/mortgages/First+time+home+buyers+warned+possible+mortgage+hikes/8618371/story.html#ixzz2YQY7ECYO

Read more:http://www.vancouversun.com/business/mortgages/First+time+home+buyers+warned+possible+mortgage+hikes/8618371/story.html#ixzz2YQXfncm7