Blog › January 2012

New Development, Alexandra Gate


Grand Opening Event on Now

There are a total of 193 homes to choose from at Alexandra Gate: you can own a stylish Apartment from $188,800 or a luxurious City Home from $388,800!

These exceptional homes are priced below market value for our presale campaign. Oris Development and the Steveston Real Estate team are pleased to invite you to attend a special VIP event at our brand new Discovery Centre for our latest community, Alexandra Gate, prior to its Grand Opening on Saturday, January 21st!
To explore the exciting purchase opportunities that await you and learn about Alexandra Gate's sister project, REMY, call the Realtor Natalya or Oleg Tsaryov. They are ready to answer questions and provide an overview of Alexandra Gate's plentiful key features!

We are extremely proud of the communities we build, and the relationships we forge. The anticipation to share this opportunity with you is finally over and we look forward to visiting with you January 19th and 20th. As this VIP event takes place before the public Grand Opening, you will have access to every unit type plus special upgrade and pricing options – the first 20 purchasers will receive up to $10,000 in free upgrade options. Parking is available in the underground parkade; simply follow the directional arrows once you've arrived on-site. No RSVP required, we look forward to seeing you later this week!



Новости с рынка недвижимости Ричмонда - Ванкувер. Richmond Real Estate News


In Richmond, on Cook Road at Garden City and mere steps from the quiet serenity of Garden City Community Park and the urban conveniences of No. 3 Road.

Monet offers first class amenities. Outside is the private water garden with fire pit lounge and inside is the 5-star entertainment hall lavishly appointed with a gourmet kitchen, custom dining table for 10, grand piano and a motorized projection screen with karaoke equipment. Along with the putting green, mah-jong room, and state of the art fitness facility, there is no lack of things to do at Monet, only time in the day.

The friendly and professional concierge greets every guest at the double height Monet lobby, framed by a splendid water lily pond and finished with natural stone, wood and a stunning chandelier. These opulent finishings extend inside each Monet home where a combination of engineered hardwood and quartz, Miele appliances, wood veneer and marble become your finishing showcase and the view to the lush central courtyard your backdrop.

Sales are set to begin very soon. For more information on this exciting new project, please call our top Realtors Oleg Tsaryov or Natalya at 604-719-4490 to become a Monet VIP or visit the website at: monetliving.ca



West Vancouver News, Bank of Canada announcement


Variable rate mortgages, lines of credit and/or student loans are all based on the Prime Rate. Here is your personal update from me on the recent Bank of Canada announcement regarding changes to their Overnight Rate which in most cases impacts the Prime lending Rate.

At 9:00 am EST, January 17th, 2012, the Bank of Canada again did what we expected them to do... they maintained their overnight rate.  It means that the prime rate on your mortgage or line of credit will NOT change and remains at 3.00%.  This is good news that will allow many Canadians to continue to make the most of their low mortgage payments and perhaps pay off unsecured debt or start a savings plan. 

Here is an excerpt of the announcement from the Bank of Canada and what they had to say about their decision:

"The outlook for the global economy has deteriorated and uncertainty has increased... The Bank continues to assume that European authorities will implement sufficient measures to contain the crisis, although this assumption is clearly subject to downside risks. The Bank expects the U.S. recovery will proceed at a more modest pace going forward.  For Canada, net exports are expected to contribute little to growth, reflecting moderate foreign demand and ongoing competitiveness challenges, including the persistent strength of the Canadian dollar.  In contrast, very favourable financing conditions are expected to buttress consumer spending and housing activity."

The outlook hasn't really changed since the last announcement... they expect that growth will slowly continue but it is anticipated that prime rate might not actually increase until into 2013.  When it does start to increase, it is expected to be gradual and controlled in line with economic recovery, both in Canada and globally.  Remember any change to the prime rate since 1992 has only been by 0.25% at any ONE time.  

I have seen fixed rates remain very low at around 3.19% to 3.49% for a five year fixed term.  Four year terms are as low as 2.99% and a three year mortgage is down to 2.89%. 

Based on this recent announcement, and the anticipation that the prime rate will still remain low for the coming months, I am recommending that existing Variable Rate mortgage clients remain with their current variable rate product. The interest rate on these existing contracts is generally very much lower than a fixed term or a new variable rate mortgage right now.   

However, if you have a mortgage and having a fixed payment is important to you, it may make sense to refinance an existing fixed rate mortgage today to lock in these great low rates for the next 4 to 5 years.  

The next announcement on any change to the prime rate is March 8th, 2012 at which time I'll be in touch again.

In the meantime, with these low rates it is a great time to buy a property or consider refinancing especially as you can hold rates for up to six months!

If you know of someone who is looking for advice on their real estate purchase in West Vancouver, North Shore or in Vancouver downtown, with no obligation, would you mind passing along my contact information on to them? As always, your support is very much appreciated.



Tips & tricks to rent out real estate in West Vancouver


My friend owns a house in West Vancouver which they currently rent out. When he first started marketing the rental suite, he made a number of mistakes that cost me time and money. Below are some tricks from my friend to help you from not making the same errors.

Make yourself very easy to reach. When I first posted by listing on Craigslist, the response was minimal. After further review of my ad, I had not used my cell phone number and a shockingly large amount of people still don't have internet/ email access.

Don’t put too much content in your ad, I actually made that mistake myself. Paint a good picture but don't overdue it.

Show lots of pictures in your ad. Make sure your property is squeaky clean and use your camera in good lighting.

Pre-screen your potential tenants as best you can before driving to location and meeting them in person.

  • When are they looking to move in?
  • How long where they at their last home for?
  • Why did they leave/ are leaving?
  • How long are they planning on staying in your property?
  • Are they comfortable with a lease?
  • Do they have a problem verifying references?
  • Do they have a job?
  • How much do they make?
  • How long have they been employed there?
  • Are they comfortable with you checking their credit? If they have an issue with this, better to know now.

Do not wait a day or two to show the property. If somebody contacts you and says “I want to take to take a look”, get out there quickly (after pre-screening) and show them immediately. What generally happens is someone comes in see the place, they like it and say “we will take it” without looking at many other properties.

Look for longevity. Someone or a couple that have bounced around from place to place is not what you are looking for. Ideally, you want a tenant in there for a very long time. Unless of course they don't understand the concept of rent increases.

Ask for the last two landlord contact details. Don’t phone the current landlord, if he or she is a bad tenant, they have an incentive to get rid of them. Call the past landlords instead. The challenge with this is the prospective tenant could have a friend pretending to be his previous landlord. So, call and say “I’m calling about the house for rent in West Vancouver”. If they say you have a wrong number or I don’t know what your talking about, then it's likely you are speaking to the potential tenants friend. If it's really the landlord, he or she will tell you the truth about the tenant.



Стоимость Квартир Ванкувер Канада. Recently Sold Listing # 305 6233 KATSURA ST, Richmond, BC


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305 - 6233 Katsura Street, Richmond. Какова же стоимость квартир В Ричмонде - Ванкувер, Канада на сегодняшний день. Мною продана буквально в считанные часы 1 комнатная квартира площадью 55 м2 в 6 летнем доме в Hamptons Park за $297,000. Дом расположен по соседству с French immersion school и недалеко от метро. Недвижимость в Ванкувере растёт в цене не по дням, а по секундам. Звоните 604-719-4490 Олегу Царёву по вопросам аренды или покупки жилья в Ванкувере.



Цены на квартиры в Ванкувере - Нью Вестминстер. 314 225 FRANCIS WY, New Westminster, BC


1 l314 - 225 Francis Way, New Westminster. Сгодня продана мною очередная квартира  Нью Вестминстере по цене $405,000. Площадью 110 м2 квартира имеет 3 комнаты и 2 ванные. Дом двухлетний, но ежемесячные сборы мэнэджмэнт компании составляет $409,000 из-за большого размера данного объекта. Потолки квартиры 9 футов, что выше средней высоты, а так же имеется дэн, который обычно предназначен для офиса.