I have listed a new property at 1853 13TH AVE W in Vancouver.
Enjoy this spacious 1700 sqft of updated and gorgeous living space in upper Kitsilano and lower Shaughnessy. 3 level townhome with 3 bedrooms or 2 plus loft for large office includes new dark laminate floors throughout. A washroom on everyfloor. New blinds, baseboard heaters & boards, ceilings, skylights, fixtures, stove, counters, sink and bath/kitchen plumbing. New south facing picture window overlooks garden (can be converted to private patio) as the north side sliding doors open to a relaxing zen space. Private courtyard finished with new stained deck surrounding fountain and fishpond. Enjoy wood burning fireplace, sky high ceilings and tons of natural light. Only 2 other units in the complex.
Read Full Story
I have listed a new property at 601 3520 CROWLEY DR in Vancouver.
Welcome to "Millenio" at Collingwood Village, built by Bosa. Bright & quiet 1 bedroom facing south with garden views! New renovation with floor, paint and more. Other features include insuite laundry, a parking spot,a storage locker and a very functional layout. The building has a social lounge, a gym and visitors parking. The location is very convenient to parks, tennis courts, sky train, restaurants, shopping, and other services. Pets are welcome and rentals are allowed. Great for first time Buyer or Investor. Need to view by yourself. Open House Hours: Sat. and Sun. March 17 & 18, 2:00pm - 4:00pm.
Read Full Story

Safeway site at Edmonds in Burnaby

According to Burnaby Now, Safeway is selling approximately 42 acres of land in South Burnaby, next to Byrne Creek Secondary School in the Edmonds area of Burnaby. This is prime Burnaby real estate. The property site is located between 11th and 14th avenues and from 15th to 18th streets, and is very large covering around eight square city blocks. According to the article in Burnaby Now, the Safeway property went up for sale on June 1, with no listed price. Safeway plans to take offers until July 5. You can read the full article on the Burnaby Now website.

The City of Burnaby has the area listed as multi-family residential in its official community plan. According to the Edmonds Town Center Plan (which was last updated April 2009), the site is marked as 'long term potential' and zoned as 1/2/6 and 3 on the plan.

  • 1 means 25 units per acre maximum - Ground - Oriented Multiple Family Dwellings
  • 2 means 40 units per acre maximum - Low Rise Apartments / Ground - Oriented Multiple Family Dwellings
  • 3 means 40 units per acre maximum - Low Rise Apartments
  • 6 means 12 units per acre maximum - Townhouses

According to the City of Burnaby website, Burnaby's Official Community Plan (OCP), is about defining directions. These directions will guide Burnaby's development and meet its anticipated needs over the next decade and beyond. They will also help ensure that Burnaby is an even more desirable place to live, work and invest in the future. According to the website, the OCP for Burnaby is primarily concerned with policy direction for the next 10 to 15 years. Burnaby's OCP envisions a more complete community, an environmentally aware community, a community of economic opportunity, a community with increased transportation choice, an involved community and a community within a livable region. This is all positive news for Burnaby and for the Greater Vancouver real estate market in general. No doubt real estate will continue to develop in Burnaby, and it is great to see that the city is planning and looking towards the future.

You can read more about Burnaby's Official Community Plan (OCP) on the City of Burnaby website.

Read Full Story

Property Photo: 204 2925 GLEN DR in Coquitlam

Here is an amazing property just listed at 204 2925 GLEN Drive in Coquitlam.

This two bedroom corner unit is very spacious at 963 square feet. This unit has updated kitchen countertops, cabinets and stainless steel appliances. Insuite laundry and gas is included. This property has an extra large outdoor deck with access from the master bedroom, second bedroom and living room.

This is a great opportunity to buy into a piece of Coquitlam real estate. The building itself was rainscreened in 2001, and a new roof was installed in 2000. Rentals are allowed (it was rented for $1225/mo). The location of this property is great--transit is right in front of the building, and Coquitlam Centre is directly across the street. West Coast Express is two blocks away. Glen Eagle School, Douglas College and Coquitlam Leisure Centre are also nearby. The Evergreen Line is coming to this area in a couple of years and this is likely to further increase value in this area. This is a great time to buy in! Click here for more pictures or watch the video tour by clicking here.

Read Full Story

Despite home prices still falling in the U.S. and talks of a double dip in house prices, things are looking a lot rosier this side of the border here in Canada. The Greater Vancouver real estate market sees no sign of slowing as the Real Estate Board of Greater Vancouver's (REBGV) monthly press release showed increases residential property sales of detached, attached and apartment properties. According to their report, residential property sales reached 3,377 in May 2011, up 7% on May 2010 and up 4.7% on April 2011 which had 3,225 sales.

New listings for detached, attached and apartment properties in Greater Vancouver were up 1.4% at 5,931 in May 2011. However this was a decrease of 15.4% compared to May 2010 numbers. However May 2010 was an exceptional month, as that was the second highest total for any May on record. May 2011 home sales were at a more typical level. In terms of active listings, the total number of residential property listings on the MLS® was up by 2% in May compared to April, but was down by 16% on May 2010 numbers.

According to the REBGV's MLSLink Housing Price Index, every area within the Board's jurisdiction seen an increase in detached house prices, except Port Moody and the Sunshine Coast (year-on-year). Richmond seen the biggest price increase at 25.8%, West Vancouver was next at 20.1%, and Burnaby real estate prices were third in the list with a 15.1% increase. Coquitlam, Port Coquitlam and Maple Ridge all saw increases under the 10% range, but all areas increased nonetheless.

For attached properties, every area saw an increase in prices year-on-year, except Coquitlam (-1.5%) and Maple Ridge & Pitt Meadows (-0.2%). These decreases are very insignificant however, and will most likely increase again in the coming months. The biggest gains in price levels for attached properties were Richmond (+8.2%), Vancouver East (+6.3%), and Vancouver West and Burnaby which were both at (+4%).

For apartments or condos, every area saw an increase in prices year-on-year, except Maple Ridge & Pitt Meadows (-4.2%), Port Moody (-4.1%), and North Vancouver (-3.4%). The areas with the biggest price increases for apartments or condos were Richmond (+5.7%), Burnaby (+3.9%), and Vancouver East (+2.7%).

These numbers are all based on the benchmark price, which is the estimated sale price of a benchmark property, and represent a typical property within each market.

For more details on the May 2011 real estate stats and figures, see the Real Estate Board of Greater Vancouver website.

Read Full Story

When it comes to owning property in the Greater Vancouver area, any financial help is welcome. The costs of owning a property versus renting can be significant. There's nothing like owning your home though, and there are several grants and rebates available to home owners at a provincial and national level. The Real Estate Board of Greater Vancouver (REBGV) has lots of useful advice and resources for both existing home owners, and people looking to buy a home. They published a very useful document (updated on April 1, 2011) with their top 25 grants and rebates for property buyers and owners. This list of 25 money-saving tips highlights lots of ways that BC homeowners can save money. The REBGV top 10 out of the 25 are expanded below, but you can read the text on all 25 points on this PDF document. There are links at the end of each of the top 10 which point which leads to the relevant website.

1. Home Buyers’ Plan: Qualifying home buyers can withdraw up to $25,000 (couples can withdraw up to $50,000) from their RRSPs for a down payment. Home buyers who have repaid their RRSP may be eligible to use the program a second time. You can find out more info at the Canada Revenue Agency website.

2. GST Rebate on New Homes New home buyers can apply for a rebate of the federal portion of the HST (the 5% GST) if the purchase price is less than $350,000. The rebate is up to 36% of the GST to a maximum rebate of $6,300. There is a proportional GST rebate for new homes costing between $350,000 and $450,000. You can read more on this at the Service Canada website.

3. BC New Housing Rebate (HST) Buyers of new or substantially renovated homes priced up to $525,000 are eligible for a rebate of 71.43% of the provincial portion (7%) of the 12% HST paid to a maximum rebate of $26,250. Homes priced at $525,000+ are eligible for a flat rebate of $26,250. You can read more about this on the BC Government website.

4. BC New Rental Housing Rebate (HST) Landlords buying new or substantially renovated homes are eligible for a rebate of 71.43% of the provincial portion of the HST, up to $26,250 per unit. You can read more about this at the Canada Revenue Agency website.

5. BC Property Transfer Tax (PTT) First Time Home Buyers’ Program Qualifying first-time buyers may be exempt from paying the PTT of 1% on the first $200,000 and 2% on the remainder of the purchase price of a home priced up to $425,000. There is a proportional exemption for homes priced up to $450,000. You can find out more about this on the BC Government website.

6. First-Time Home Buyers’ Tax Credit (HBTC) This federal non-refundable income tax credit is for qualifying buyers of detached, attached, apartment condominiums, mobile homes or shares in a cooperative housing corporation. You can find out more info on this at the Canada Revenue Agency website.

7. BC Home Owner Grant Reduces school property taxes by up to $570 on properties with an assessed value up to $1,150,000. For 2011, the basic grant is reduced by $5 for each $1,000 of value over $1,150,000, and eliminated on homes assessed at $1,264,000. An additional grant reduces property tax by a further $275 for a total of $845 for seniors, veterans and the disabled. This is reduced by $5 for each $1,000 of assessed value over $1,150,000 and eliminated on homes assessed at $1,319,000+. You can read more about this on the BC Government website.

8. BC Property Tax Deferment Programs Property Tax Deferment Program for Seniors. Qualifying home owners aged 55+ may be eligible to defer property taxes. Financial Hardship Property Tax Deferment Program. Qualifying low-income home owners may be eligible to defer property taxes. Property Tax Deferment Program for Families with Children. Qualifying low income home owners who financially sup- port children under age 18 may be eligible to defer property taxes. You can read more about this on the BC Government website. Kristy has received the Seniors Real Estate Specialist® or SRES® Designation, so she can provide more information on this.

9. Canada Mortgage and Housing (CMHC) Residential Rehabilitation Assistance Program (RRAP) Grants This federal program provides financial aid to qualifying low-income home owners to repair substandard housing. Eligible repairs include heating, structural, electrical, plumbing and fire safety. Grants are available for seniors, persons with disabilities, owners of rental properties and owners creating secondary and garden suites. You can find out more information on this at the Canada Mortgage and Housing Corporation (CMHC) website. 

10. CMHC Mortgage Loan Insurance Premium Refund Provides home buyers with CMHC mortgage insurance, a 10% premium refund and possible extended amortization without surcharge when buyers purchase an energy efficient mortgage or make energy saving renovations. You also can read more on this at the Canada Mortgage and Housing Corporation (CMHC) website.

11. Energy Saving Mortgages

12. Low Interest Renovation Loans

13. LiveSmart BC: Efficiency Incentive Program

14. BC Residential Energy Credit

15. BC Hydro Appliance Rebates

16. BC Hydro Fridge Buy-Back Program

17. BC Hydro Windows Rebate Program

18. BC Hydro Mail-in Rebates/Savings Coupons

19. FortisBC Rebate Program

20. FortisBC Efficient Boiler Program

21. City of Vancouver Solar Homes Pilot

22. City of Vancouver Rain Barrel Subsidy Program

23. Vancity Green Building Grant

24. Local Government Water Conservation Incentives

25. Local Government Water Meter Programs

You can find out more information on BCHydro rebates at the BCHydro website, and if you live within the City of Vancouver limits you can find out more information on available City of Vancouver grants and rebates at their website - incentives programs for home owners.

Read Full Story

According to the monthly press release by the The Real Estate Board of Greater Vancouver (REBGV) Greater Vancouver saw a "solid" month of residential home sales on the Multiple Listing Service® (MLS®) in April 2011. Numbers were were down slightly on the two previous months which both saw a near-record pace. The REBGV press release reported that residential property sales of detached, attached and condos or apartment properties in Vancouver (or the area covered by the REBGV*) decreased by 8.2% last month, with 3,225 sales compared to 3,512 sales in April 2010 down 21% on the 4,080 sales recorded in March 2011.

In the press release, the REBGV president Rosario Setticasi said that the year-over-year decline in April sales could be attributed to a less active condominium market on our MLS®. He claimed that there were actually more detached and townhouse sales in April 2011 compared to the same month last year. There was no mention of the changes in the Canadian mortgage rules which reduced the maximum amortization period from 35 years to 30 years. This fueled the frenzied pace of sale in February and early March, and a slowdown or "return to normal" was expected in April. 

New Real Estate Listings:

For the whole Greater Vancouver area covered by the REBGV, new listings for detached, attached and condos or apartment properties totalled 5,847 in April 2011. This was a 23.5% decrease on April 2010 numbers when 7,648 properties were listed for sale on the Multiple Listing Service®, which was an all-time record for any April since records began.

New listings were also down in April, compared to March, the number of new listings registered was down 14 per cent. The total number of residential property listings on the MLS® did increase in April (by 8.2%) compared to the previous month (at 14,187 listings) which gives buyers lots of choice. In areas such as Burnaby and the Tri-Cities, there are lots of prime properties on the market.

Property Prices:

As with real estate listings, there is also a big difference in activity within the areas or communities that the REBGV covers. This means that home price trends differ depending on the area. Some areas, such as Burnaby, have seen an increase in property values (year-on-year), where as other areas, such as Squamish have seen a slight decrease. Property pricing stats are based on a benchmark price, which is the estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.

*The Real Estate Board of Greater Vancouver (REBGV) is a member-based association of more than 10,000 REALTORS® and covers communities from Whistler to Maple Ridge to Tsawwassen.

April Sales facts for some areas around Greater Vancouver:

Burnaby
Detached: 150
Attached: 98
Condos or Apartments: 155

Coquitlam
Detached: 143
Attached: 63
Condos or Apartments: 72

Maple Ridge/Pitt Meadows
Detached: 89
Attached: 56
Condos or Apartments: 28

Port Coquitlam
Detached: 43
Attached: 24
Condos or Apartments: 27

Port Moody
Detached: 23
Attached: 24
Condos or Apartments: 26

Read Full Story

Evergreen Line Route

The Evergreen Line is a new rapid transit line that will connect Coquitlam to Vancouver via Port Moody and Burnaby. Commutes between Vancouver and the Tri-Cities will be drastically reduced. Commuting from Coquitlam City Centre to downtown Vancouver will take about 40 minutes (saving almost 45 minutes per day compared to driving). This will increase property prices in the Tri-Cities of Port Moody, Coquitlam and Port Coquitlam.

However, according to an article in the Province newspaper, Port Moody Mayor Joe Trasolini wants the public to lobby TransLink to get to work on the long-delayed Evergreen Line. The construction was anticipated to begin gin in late 2011, and is scheduled to take four years to construct. The project has seen several delays over the course of planning.

No doubt residents of the Tri-Cities are looking forward to the project getting started, and finished. According to the official Evergreen Line website from the B.C. Ministry Of Transportation and Infrastructure, the Evergreen Line will be a fast, frequent and convenient SkyTrain service, connecting Coquitlam City Centre through Port Moody to Lougheed Town Centre in about 13 minutes. The SkyTrain will connect without transfer to the current network at Lougheed Town Centre Station and will integrate with existing regional bus and West Coast Express networks.

There's no doubt about it that improved transportation increases property prices in areas serviced. In 2006, the Real Estate Investment Network (REIN) released a report entitled The Gateway Effect which estimated that the impact of the Gateway Project’s transportation improvement projects on real estate in the Lower Mainland and Fraser Valley, would increase in the range of 10%–20% for key areas. The Evergreen Line was part of the Gateway Project, but those estimates seem a little low, especially in today's hot market.

So which areas are going to benefit most by the Evergreen Line? Here are details of a few of the planned stations:

Lougheed Town Centre Station (Burnaby)
Burquitlam Station (Burquitlam)
Port Moody Station (Port Moody)
Ioco Station (Port Moody)
Coquitlam Central Station (Coquitlam)
Douglas College Station (Coquitlam)

Evergreen Line Route information:

Lougheed/Burquitlam: The Skytrain line will run north from Lougheed Town Centre Station on raised line along the centre of North Road. The new Burquitlam Station will be on the east side of Clarke Road near Burquitlam Plaza. From Burquitlam Station, the line will cross to the west side of Clarke Road, before entering a tunnel towards Port Moody.

For Port Moody, the Skytrain line will come from the tunnel just east of Barnet Highway. Its route moves at ground level along the south side of the Canadian Pacific Rail (CPR) tracks to Port Moody Station. The Port Moody station will be located at the Port Moody transit exchange site. Movinging east, the Evergreen Line then crosses the CPR tracks just before Ioco Station, which is located north of Barnet Highway.

In Coquitlam the Evergreen Line will run along the north side of the CPR tracks towards Coquitlam Central Station, which will be at at the Coquitlam transit exchange site. Then the line will then run north on a raised rail along the west side of Pinetree Way, and will cross to the east side near Northern Avenue, before ending at Douglas College Station, north of Guildford Way.

This will be a huge boon for the area and no doubt will make the Tri-Cities and even more desirable place to live. Coquitlam real estate prices have been slowly increasing over the last few years, but once the new Evergreen Line is finished, property prices could go through the roof. The key is to get in before the next big jump in real estate prices.

For more information and updates, see the official Evergreen Line website.

Read Full Story

The Burnaby Mayor, Derek Corrigan, gave his annual State of the City address at the Hilton Vancouver Metrotown on April 13. He covered several interesting topics including current and future plans for Burnaby in terms of social housing, commercial property developments, and residential property developments.

One concept that was mentioned over and over again in the address was that of Burnaby as a "Creative City". This refers to the focus on the development of lively, diverse "streetscapes" and public places, and tying all this in with residential real estate projects in development and being planned--including the proposed "Metroplace" development at the Metrotown SkyTrain station, and Sovereign, the 45-tier development which features 202 residential units on 26 tiers, 169 hotel rooms over 13 levels and a three-tier retail podium.

When Sovereign went on the market last month, all 202 residential units sold out in a single day. This event surpassed the single-day record for Burnaby real estate sales and is a great market indicator for future real estate development projects in Burnaby.

Other Burnaby residential property developments of note which were initiated or partially/fully completed in 2010 include:

  • The Empress - a 45-tier mixed use property development with a hotel and 202 residential units at Willingdon Avenue and Kingsway.
  • The Jewel II - a 21-tier residential property development with 98 units at Beresford Avenue and Wilson.
  • The Concord-Pacific Development - a 21-tier residential apartment tower on Nelson Avenue.
  • Polygon Development - a residential high-rise with townhouses (245 units) located between Bennett St. and Nelson Avenue.

Burnaby's current and future real estate projects can be seen on the Burnaby City website. Among its residential goals, the City tries to balance the housing needs of the city with social responsibility:

"Burnaby, through its land use designation function, has the ability to influence the location of housing and provide for various types of neighbourhoods. These actions have encouraged a broad range of choice in residential environments including single and two family areas and town- house and apartment areas that meet the housing needs of differing households."

The four goals for housing as laid out on the Burnaby City website are:

  • To provide a varied range and choice of living opportunities within the City.
  • To establish increased opportunities for ground-oriented housing.
  • To maintain and improve neighbourhood livability and stability.
  • To help ensure that the needs of people with special and affordable housing requirements are met.

What can be taken from the annual State of the City address is that Burnaby cares about well planned residential real estate projects. If you are thinking of buying real estate in Burnaby, you can be assured that amenities, transport, and social services are all well catered for.

Read Full Story

Property Photo: 7012 GRIFFITHS AV in Burnaby

Here is a great listing and a prime example of the kind of Burnaby real estate on the market today. The property is located at 7012 Griffiths Avenue, Burnaby. The real estate market in Burnaby is red hot right now so make sure you don't miss out on this dream home.

This is a brand new quality built three-level heritage style townhouse. This place is absolutely huge at 1,400 sq. ft. The main floor consists of the living room, dining room, powder room, and kitchen. There are three bathrooms, two bed rooms, and insuite laundry in the second floor. The master bedroom has an ensuite on 3rd floor, open sundeck with view.

The quality of the materials used in this home have to be seen: hardiplank materials have been used on all outside walls, granite counter top in the kitchen and marble granite in all the washrooms, extensive use of crown mouldings, laminated flooring, and white kitchen cabinets. This is the best corner unit with a view. As a bonus this home includes stainless steel appliances, full size washer and dryer, blinds and screens all in and secure garage.

The location is great--this amazing hownhouse is located at Highgate Mall, not far from Edmonds Skytrain station.

Contact me for Open House details or for private showings.

Kristy Mattiazzo, REALTOR®, ABR®,SRES®, CCSP®
REALTOR®, Accredited Buyer's Representative®,
Seniors Real Estate Specialist® & Canadian Certified Staging Professional®
Sutton Centre Realty
PRIVATE PROPERTY Realty
PRIVATE PROPERTY Staging
T) 604-831-7321
F) 604-936-9412
E) kmattiazzo@shaw.ca
W) www.privatepropertyrealty.com

Read Full Story

Real estate Stats for March 2011

According to the Real Estate Board of Greater Vancouver (REBGV), activity in the Greater Vancouver real estate market continued to strengthen in March. The property market has had a very strong start to the spring season, according to the monthly stats released.

Burnaby Real Estate Stats

Burnaby has seen a huge increase in property listings come on the market compared to February:
221 detached homes, 144 attached homes, and 336 apartments were listed in March.

There were also huge gains in the number of real estate sales in Burnaby in March:
160 detached homes, 103 attached homes, and 191 apartments were sold during the month.

Overall, there was a 1.4% increase in the price of property in Burnaby in March, based on sales of detached (1.9% increase) and attached homes (1.3% increase) and apartments (1% increase), based on the MLSlink Housing Price Index.

The benchmark price of a detached home in Burnaby is now $882,731, the benchmark price of an attached home is now $501,257, and the benchmark price of an apartment is now $364,847. The benchmark price is the estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.

For more information, see the Real Estate Board of Greater Vancouver (REBGV) website.

Read Full Story

Property Photo: # 3 1954 W 11TH AV in Vancouver

# 3 1954 W 11th Avenue in Vancouver is a fabulous fully renovated executive ground level townhome in prime Kitilano, or Kits, location! Over 1220 sq. ft. of well laid out floor plan in this open concept two bedroom, two bathroom home.

Renovation included: kitchen, bathroom, living room, flooring,fixtures, lights, window coverings, and paint - over $55K in improvements. Enjoy your own private front patio, one open parking stall, high ceilings, in-suite storage and natural light from north, east and western exposures.

Prime Vancouver Real Estate

Location is everything, this home is very centrally located yet is on a quiet tree-lined street close to schools, shopping, restaurants, and so much more. This well maintained four unit development was build in 2003 and was an early century 1910 heritage conversion project. View photos online and call me for your private showing.

Kristy Mattiazzo, REALTOR®, ABR®,SRES®, CCSP™
REALTOR®, Accredited Buyer's Representative®,
Seniors Real Estate Specialist® &
Canadian Certified Staging Professional™
Sutton Centre Realty
PRIVATE PROPERTY Realty
PRIVATE PROPERTY Staging
T) 604-831-7321
F) 604-936-9412
E) kmattiazzo@shaw.ca
W) www.privatepropertyrealty.com

Read Full Story

When buying real estate in BC it is important to look at how much the strata fees are, as they can range from low to high and can include different benefits such as heat or hot water. Not all buildings have strata fees. A strata title building is a multi-residence complex or multi-suite building, where all the units are owned by their individual owners.

What are strata fees?

Strata fees are basically the monthly fees collected from each owner, usually in proportion of the square footage of the units, or which are calculated in accordance with the requirements of the Strata Property Act. The strata fees for a strata lot's share of the contribution to the operating fund and contingency reserve fund are calculated as follows: unit entitlement of the strata lot, divided by total unit entitlements of all strata lots, multiplied by the total contributions and then divided by 12. The expenditure is administered by the strata council. The strata council sets the budget for the year, with a breakdown of costs.

Strata fees cover ongoing costs and general maintenance (hallway cleaning, lights, security, insurance) and contingency funds accumulated for large expenses, like re-roofing, snow clearing or parking lot paving. 

There are two concepts here that often get confused: the strata council and the strata corporation.

The Strata Council:

The strata council’s role is to:

  • act as the managing body for the strata corporation;
  • make daily decisions that enable the strata corporation to operate smoothly;
  • operate within any restrictions created by the Strata Property Act, Regulations, bylaws, or a majority vote of the owners.

The Act states that the strata council’s role is to: “exercise the powers and perform the duties of the strata corporation, including the enforcement of bylaws and rules”.The strata council can hire a strata manager to perform some or most of the functions of the strata council. However, if a strata council has delegated its powers to a strata manager, the strata council is still ultimately responsible for ensuring that its obligations under the Act are fulfilled.

The Financial Institutions Commission (FICOM) strata council guide.

Strata Corporation: The strata corporation is a legal entity with all of the powers of a natural person who has full capacity. This means that it can sue others, be sued by others, enter into contracts with others and hire employees.

The owners of the strata lots are the members of the strata corporation. The strata corporation is responsible for managing and maintaining the common property and assets of the strata development for the benefit of all of its owners.The specific obligations of the strata corporation are usually performed by the strata council, or agents or employees which it hires.Additionally, the strata council will also perform its own obligations which are imposed by the Act and Regulations on the strata council, and will benefit the strata corporation.

The Financial Institutions Commission (FICOM) strata corporation guide.

What if I don’t pay my strata fees?

If an owner fails to pay their strata fees they are contravening the strata corporation’s bylaws and are subject to fines. The Strata Property Act requires a strata to give two weeks written notice demanding payment and noting that further action may be taken. This further action can be in the form of suing, seeking arbitration or putting a lien against the owner’s strata lot.

Kristy Mattiazzo, REALTOR®, ABR®,SRES®, CCSP™
REALTOR®, Accredited Buyer's Representative®,
Seniors Real Estate Specialist® &
Canadian Certified Staging Professional™
Sutton Centre Realty
PRIVATE PROPERTY Realty
PRIVATE PROPERTY Staging
T) 604-831-7321
F) 604-936-9412
E) kmattiazzo@shaw.ca
W) www.privatepropertyrealty.com

Read Full Story
Burnaby

There was a recent article on the Burnaby Now website titled 'Industrial real estate booming in Burnaby'. The same can be said for the residential real estate market in Burnaby.

According to the Burnaby Now article Burnaby industrial real estate sales in 2010 passed the $100-million mark for the first time since 2006, to a total of $100.6 million, with 41 transactions.

It said that Burnaby industrial sales did well in 2010 because of a number of factors, including the recovering market, good value properties, and Burnaby's proximity to port operations, downtown Vancouver, YVR airport, and the two highways.

"All in all, it's a desirable location," was one quote from the feature. Although this article was purely about commercial real estate, the exact same things can be said about the residential real estate market here.

Some of the reasons to buy property in Burnaby:

  • Burnaby has some great value properties.
  • Burnaby is a desirable place to live.
  • Burnaby has excellent shopping malls and services.
  • Burnaby has excellent recreational facilities.
  • Burnaby has excellent transportation options.
  • Burnaby is close to downtown Vancouver, YVR and the main highways.

If you are thinking about living in Burnaby, or you already live here and are thinking about upsizing or downsizing then contact me for a list of available properties that suit your needs.
Read Full Story

Property Photo: # 2002 811 HELMCKEN ST in Vancouver

I have listed a new property at # 2002 811 Helmcken St. Vancouver. It is an amazing property.
Penthouse apartments in Vancouver are rare these days and this is a gem in the Vancouver real estate market.
This penthouse has three bedrooms with a view of English Bay and North Shore Mountains. it has a small outdoor balcony with amazing views to watch the fireworks during the Symphony of Fire. It has nine foot ceilings, laminated floors throughout and a great layout between the beddroom and kitchen/living area. There are fantastic views from every room. The amenities included feature games and fitness rooms, a sauna with showers, and a secured terraced garden. This spectacular building has a recent new key fob security system with locked-off elevators. The building has underground and visitor parking and a live-in caretaker. This building is located in the heart of downtown Vancouver and just walking distance to the beach, restaurants and the main shopping areas such as Pacific Centre, Yaletown, Robson, Granville and Davie.
Make sure you don't miss out on this amazing piece of Vancouver real estate.

Contact me for Open House details:

 

Kristy Mattiazzo, REALTOR®, ABR®,SRES®, CCSP®
REALTOR®, Accredited Buyer's Representative®,
Seniors Real Estate Specialist® & Canadian Certified Staging Professional®
Sutton Centre Realty
PRIVATE PROPERTY Realty
PRIVATE PROPERTY Staging
T) 604-831-7321
F) 604-936-9412
E) kmattiazzo@shaw.ca
W) www.privatepropertyrealty.com

Read Full Story

Property Photo: 7010 GRIFFITHS AV in Burnaby

I have listed a new property at 7010 Griffiths Avenue in Burnaby.

This is a real Burnaby real estate showcase. Make sure you don't miss out on this dream home.

This amazing hownhouse is located at Highgate Mall, not far from Edmonds Skytrain station. This brand new three level heritage style townhome consists of a living room/dining room, powder room, and kitchen on the main floor. This property is huge at 1400 square feet--it has three bedrooms and three bathrooms. Two bedrooms and an insuite laundry are on the second floor, the huge master bedroom with ensuite is on the third floor. It has an open sundeck with a really nice view. Hardiplank materials were used on all outside walls. There are quality features throughout the house including granite countertops in the kitchen and marble granite in all the washrooms, with extensive use of crown mouldings, laminated flooring, and white kitchen cabinets.
Don't miss out on this beautiful piece of Burnaby real estate.

Contact me for Open House details:

Kristy Mattiazzo, REALTOR®, ABR®,SRES®, CCSP®
REALTOR®, Accredited Buyer's Representative®,
Seniors Real Estate Specialist® & Canadian Certified Staging Professional®
Sutton Centre Realty
PRIVATE PROPERTY Realty
PRIVATE PROPERTY Staging
T) 604-831-7321
F) 604-936-9412
E) kmattiazzo@shaw.ca
W) www.privatepropertyrealty.com

Read Full Story

The Real Estate Board of Greater Vancouver (REBGV) released a preliminary report on the MLSLINK Housing Price Index for February 2011. This report showed that demand for detached homes continues to be strong across Greater Vancouver with particularly high sales in some areas.

Real estate sales in the Tri-Cities area of B.C. (which includes the cities of Coquitlam, Port Coquitlam and Port Moody) remained strong. Coquitlam real estate in particular showed high benchmark prices for all property types mentions in the report--detached homes, attached homes, and apartments. The benchmark price for a detached home in Coquitlam is now $708,297, the benchmark price for an attached home in Coquitlam is now $454,968, and $300,679 for an apartment.

Property Photo: 676 COLINET ST in Coquitlam

676 Colinet St., Coquitlam.

One detached home on the market in Coquitlam that is well below the benchmark price at $550,000 is 676 Colinet St. This house is located at the corner of Colinet St. and Cottonwood St. on a huge lot. It is close to all amenities, including a great daycare. This two level, two bedroom, 1697 square feet original Character home amazing value in today's real estate market!

The excellent features in this home include hardwood flooring and trim. a really bright and open kitchen, good sized rooms and new furnace. There is great sun exposure in the backyard. The huge lot features a storage shed, a two-car garage, metal roof and lane access. With the options to hold or build now, you will have to hurry because this won't last!

Contact me for full details:

Kristy Mattiazzo, REALTOR®, ABR®,SRES®, CCSP?
REALTOR®, Accredited Buyer's Representative®,
Seniors Real Estate Specialist® & Canadian Certified Staging Professional?
Sutton Centre Realty
PRIVATE PROPERTY Realty
PRIVATE PROPERTY Staging
T) 604-831-7321
F) 604-936-9412
E) kmattiazzo@shaw.ca
W) www.privatepropertyrealty.com

Read Full Story

In order to establish a recommended Selling price for a home, Kristy will gather information from a few sources such as:

1) The economy
2) BC Assessment
3) Multiple Listing System (MLS - recent sales in your area)
4) Landcor (Kristy has access to private sales)
5) Property evaluation of your home and its features and upgrades
6) Home Staging

Kristy will first analyze the economy. Are prices rises or falling? How much inventory is on the real estate market? Which season are we in (fall, winter, spring, summer).

Kristy will review the Property Assessment Notice.
Your taxes are based on the value of your home determined by the BC Assessment, the BC government agency responsible for classifying and assessing all BC real estate property. Has the value increased or decreased?

Kristy will examine the most recent comparable information from MLS. Kristy will scrutinize the homes that have recently sold within your neighbourhood and the homes that are currently on the market in your area. Both selling and asking prices are reviewed along with the condition and time spent on the market.

Kristy invests in obtaining information from private sales. Along with the MLS, Kristy invests in Landcor to provide her with the most up to date information relating to the most recent property sales in your area. This allows Kristy to have an edge while negotiating for her Buyers and is more accurate when pricing a home for her Sellers.

Kristy will visit your home and do a full property evaluation.

Kristy will examine the exterior and walk room by room in your property to note the features and condition of your home that will affect your home's value.

Kristy will discuss the option of home staging in order to increase value and maintain equity. Information from the National Association of REALTORS prove that homes sell an average of 50% faster and for 7-10% higher sales price, Kristy will recommend Home Staging in order to increase value and maintain equity in your home. Vacant homes that are staged prior to listing sell in an average of 42 days and occupied homes sell in 39 days.

Kristy Mattiazzo, REALTOR®, ABR®,SRES®, CCSP™
REALTOR®, Accredited Buyer's Representative®,
Seniors Real Estate Specialist® & Canadian Certified Staging Professional™
Sutton Centre Realty
PRIVATE PROPERTY Realty
PRIVATE PROPERTY Staging

T) 604-831-7321
F) 604-936-9412
E) kmattiazzo@shaw.ca
W) www.privatepropertyrealty.com

 

Read Full Story
When it comes to buying and selling property there are literally hundreds of things to think about. Some of these things might not be so obvious, but a good REALTOR will make sure you are aware of things as trivial as numbers in an address.

An article in the Province newspaper a while back talked about how having certain numbers in your address could increase the value of your property--by thousands of dollars potentially. How so you might ask?

Real Estate Numbers

Numbers have certain meanings and associated superstitions, especially in certain Asian communities. Having a number eight in the address can be worth an average of about $10,000 or more if you are selling your home, according to the article. 

This article was based on a report published by researchers at the University of B.C. economics department. The UBC report was based on 115,000 residential Greater Vancouver real estate sales from 2000 to 2005.

Back to that lucky No. 8--the Chinese superstition that eight is lucky relates to the fact that it is phonetically similar to the Chinese word for prosperity or wealth. Superstitions and beliefs come into play more often than we might expect; the No. 4 on the other hand is considered unlucky. This is why many residential towers in Metro Vancouver have no 4th, 14th or 24th floors.

Apparently this is a big issue when it comes to Richmond real estate, where a high percentage of the city’s population is of Chinese background. So many people have requested a change in their house number that the Richmond City planning department had to create a brochure on the matter. Needless to say there is a lot of bureaucracy and fees to to discourage people from changing their numbers.

All the same, it's just another thing to think about, and ask your REALTOR about when it comes to buying and selling real estate in Greater Vancouver.

Read the full report titled Superstition in the Housing Market. It is an interesting read for anyone interested in the real estate market.
Read Full Story
236 1252 Town Centre Boulevard Coquitlam is a great example of a new property listing in beautiful Coquitlam, BC. 

This 976 square feet two bedroom, two bathroom West-facing unit in "The Kennedy" building is a great opportunity to get on the property ladder and is a great example of Coquitlam real estate on the market today. 

The apartment has warm colour tones throughout, and the kitchen features ample counter and cupboard space with an opening into the dining and living room. The suite also features in-suite laundry. Cozy up to a gas fireplace or just enjoy the view of Hoy Creek Trail.

This unit is close to shopping, recreation, Douglas College and transportation. If you are looking for a property in Coquitlam then this is an ideal choice. If you are a pet lover, good news-pets are allowed with restrictions, as are rentals.

This is a new listing, so photos are not up yet, but click on the link for map and walk score: 236 1252 Town Centre Boulevard Coquitlam

If this unit is too small, then there are lots of other real estate listings on offer in Coquitlam, just get in touch for lots more options.

As usual, it's much better to view this property in person so call me to arrange a private showing.


Read Full Story