CHINESE EDITION Dec 20, 2013 Real Estate Weekly

2 DECEMBER 20, 2013 - JANUARY 3, 2014 REAL ESTATE WEEKLY REW.ca

3171 Williams Road Richmond, BC 8851 Foster Road RMD

11800 Montego SttRMD

7500 Sunnybank Ave RMD

10373 Shepherd Dr RMD 7475 Chelsea Place RMD $3,680,000 $1,078,000

$3,688,000

$688,000 7651 Sunnymede CrrRMD

$2,198,000

1101 - 7979 Firbridge Way RMD $519,000

$2,998,000

7600 Malahat Ave RMD $1,988,000

$3,288,000

3531 Jesmond Ave RMD $1,718,000

8131 Osgoode Dr. RMD $1,688,000

DECEMBER 20, 2013 - JANUARY 3, 2014 3 REAL ESTATE WEEKLY REW.ca

$1,098,000 $2,180,000 $860,000

$475,000 $768,000 $559,900

$3,687,000

$398,000


778.998.8879 | paulzhang.comREALTORREALTLL OR

Professional Service with a KEY ADVANTAGE

An Independent Member BrokerSutton WestCoast Realty

$2,390,000

$2,388,000$2,190,000 $1,580,000

$2,998,000 $4,950,000

$898,000


[email protected] | www.sharonlum.com

SOLDSOLDSOLDSOLDSOLDSOLDSOLD

SOLDSOLDSOLDSOLDSOLDSOLD

SOLD

SOLDSOLD


R E W . c a I n P r i n t > O n l i n e > I t s A l l H e r e

[email protected] > 604.435.7977

FRIDAY, NOVEMBER 15, 2013

BURNABY

R E A L E S T A T E W E E K L Y

Looking to BUY or SELL a home? To assist you in making the best decisions, a professional Realtor can provide

the most up to date information on the real estate market, price, nancing

and comparative properties in your area.

Find your EXPERT Real Estate professional right here in REW.ca!

Many rst-time buyers are so excited about nding that perfect home that comes with everything on their wish list that they often dont realize that the costs involved go beyond the purchase price. We often enter into the single biggest purchase of our lives without a clear plan, research or budget, says Gordon Bennett, a partner/lawyer at Bennett & Parkes. THE MORTGAGEOnce the decision to buy a new house

has been made, the nancial adventure begins. Meet with your lender or mort-gage broker to nd out exactly what you can a ord to spend. The rst order of busi-ness will be to determine the amount of your down payment. You need a minimum of ve percent down to around 20-25 per cent. The lender then calculates what you can borrow based on the total of mortgage payment, property taxes, heating costs

and any current debts youre carrying.A great place to start researching is on the CMHC website (Canada Mortgage and Housing Corporation). There is a calcula-tor that helps you estimate the maximum purchase price and maximum monthly housing cost you can a ord based on your gross monthly household income. Generally the monthly cost of your mort-gage, property taxes and home insurance should be no more than 28 to 32 per cent of your monthly gross pay. Some advisors suggest using your take-home pay to cal-culate that same percentage so youre not eating up all of your income with home expenses.COSTS OF BUYINGBuying entails a number of extra costs as

well. You may also be responsible for real estate commissions (if you are selling as well as buying), mortgage loan insurance (if you are paying less than 20 per cent down on your home) and, on a newly built

home, GST and possibly PST. Its worthwhile to pay for a home inspec-tion to check for major issues. As a buyer, you dont pay your Realtor,

but its important to have a lawyer or notary public to represent your interests, and you do pay for that. A buyer is also responsible for the property transfer tax of 1 per cent on the rst $200,000 and 2 per cent on the balance. Buying expenses can also include a site

survey, optional title insurance and strata move-in/move-out fees.And dont forget about moving expenses.

THEN THERE ARE OWNERSHIP EXPENSESYou nally have a place to call your own. Now, you have to protect it and your valu-ables. Homeowners insurance is impor-tant because it covers you for unforeseen incidents, such as re, burglary, a ood, or sewer or water damage. Once you own, there are heating, elec-

tricity, cable, Internet, home telephone,

garbage, sewer, property taxes and other local municipal fees to consider. You may even need to buy an annual parking pass to park on your street.Things do break down, so you need to

have a bit of a nancial cushion in case the washer quits or your hot water tank bursts. In addition, when buying a townhome or condominium, soon-to-be buyers might also end up with major replacement or repair costsbeyond the monthly strata fees. Dont let those hidden costs turn you o buying a home. If you practise due diligence, youll be able to kick back and enjoy your new home that much more.

THE REAL COSTS OFHOME OWNERSHIP

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Dollars and cents of buying a new home: dont get caught by hidden costs!

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the most up to date information on the real estate market pric


$33 /D\DU

VIVIAN LI PETER SAITO : www.PeterandVivian.com: [email protected]

604-354-1818604-220-8838

Sutton Group-West Coast Realty

Vivian Li Personal Rea l Estate CorporationPeter Saito Personal Real Estate Corporation

$9,988,000$9,988,000 $7,890,000$7,890,000 $6,390,000$6,390,000 $4,388,000$4,388,000

$3,588,000$3,588,000 $3,560,000$3,560,000 $2,660,000$2,660,000 $2,575,000$2,575,000


$1,289,900 $556,800

$1,120,000 $900,000 100

$568,000 $339,900

$2,150,000 $2,879,000

$838,000 $980,000

$593,000

$275,800

$386,000

$2,125,000

$1,058,000

$1,889,800

John Carlisle

SOLD


58 Bonnymuir Place, West Vancouver$4,680,000

56 Bonnymuir Place, West Vancouver$1,880,000

615 St Andrews Rd, West Vancouver$1,488,000

1570 Taylor Way, West Vancouver$1,250,000

6612 Beechwood St, Vancouver$1,798,000

402-138 Athletes Way, Vancouver$1,529,000

209-1483 Homer St, Vancouver

$1,690,000

1608-193 Acquartus Mews, Vancouver$798,000

1105-1077 Marinaside Cr, Vancouver$769,000

7368 Willingdon Avenue, Burnaby$1,195,000

7345 Burris Street, Burnaby $1,120,000

Home Staging

778.689.8918davidchenhomes.com

4123 Pine Crest, Vancouver West$4,500,00066002011Shaughnessy67.5

979 17th Avenue, Vancouver West$1,499,8002Douglas

588 Lowry Lane, North Vancouver$6,750,000620065

10167 161st Street,Surrey$723,80028224

301-5838 Berton Avenue, Vancouver $1,610,000WesbrookASPACUBC1910

601-788 Hamilton Street,Vancouver

5761$1650

RE/MAX CREST REALTY WESTSIDE - Independently Owned & Operated

1428 W. 7th Ave, Vancouver B.C., V6H 1C1 | T. 604.602.1111

$4,950,000

$3,598,000 $1,298,000

$1,069,800

$548,000 $3,190,000 $2,398,000

$1,998,000$2,658,000


Real Estate Weekly


Highly Recommended & Referred

An independently owned and operated broker member of BRER A liates, Inc. Prudential logo and the Rock symbol are trademarks of The Prudential Insurance Company of America, registered in many jurisdictions worldwide. Used herein under license with no other a liation with Prudential.

Kamer 604.617.5852 Q Brigitte 604.603.5852 Q Web westvancouverhomes.ca

!!!Milton Zhang

$33 /D\DU


DEXTER - DAVID PEERLESS, OFFICE ADS4.00 x 972.00R100225284C

Vancouver Vancouver West

V1038424 4568 BELLEVUE DR Point Grey $5,488,000 3V1028660 # 3 2665 POINT GREY RD Kitsilano $3,995,000 2V970302 3660 CAMERON AV Kitsilano $3,250,000 3V1029966 4963 MARGUERITE ST Quilchena $2,895,000 5V1034787 2235 W 21ST AV Arbutus $2,468,000 3V1001798 3590 W 30TH AV Dunbar $1,980,000 5V1035121 2626 W 13TH AV Kitsilano $1,888,000 4V986529 1836 W 12TH AV Kitsilano $1,850,000 6V1028128 2721 W5THAV Kitsilano $1,249,000 2V1028072 2723W5THAV Kitsilano $1,149,000 3V1030252 # 500 5890 BALSAM ST Kerrisdale $979,000 2V1031849 4043 PAR'r /JPEG2000ColorACSImageDict > /JPEG2000ColorImageDict > /AntiAliasGrayImages false /CropGrayImages true /GrayImageMinResolution 150 /GrayImageMinResolutionPolicy /OK /DownsampleGrayImages true /GrayImageDownsampleType /Bicubic /GrayImageResolution 200 /GrayImageDepth -1 /GrayImageMinDownsampleDepth 2 /GrayImageDownsampleThreshold 1.50000 /EncodeGrayImages true /GrayImageFilter /DCTEncode /AutoFilterGrayImages true /GrayImageAutoFilterStrategy /JPEG /GrayACSImageDict > /GrayImageDict > /JPEG2000GrayACSImageDict > /JPEG2000GrayImageDict > /AntiAliasMonoImages true /CropMonoImages true /MonoImageMinResolution 1200 /MonoImageMinResolutionPolicy /OK /DownsampleMonoImages true /MonoImageDownsampleType /Bicubic /MonoImageResolution 1200 /MonoImageDepth 8 /MonoImageDownsampleThreshold 1.50000 /EncodeMonoImages false /MonoImageFilter /None /MonoImageDict > /AllowPSXObjects false /CheckCompliance [ /None ] /PDFX1aCheck false /PDFX3Check false /PDFXCompliantPDFOnly false /PDFXNoTrimBoxError true /PDFXTrimBoxToMediaBoxOffset [ 0.00000 0.00000 0.00000 0.00000 ] /PDFXSetBleedBoxToMediaBox true /PDFXBleedBoxToTrimBoxOffset [ 0.00000 0.00000 0.00000 0.00000 ] /PDFXOutputIntentProfile (None) /PDFXOutputConditionIdentifier () /PDFXOutputCondition () /PDFXRegistryName () /PDFXTrapped /False

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CHINESE EDITION Dec 20, 2013 Real Estate Weekly