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D’Arcy Harris – Weekly Real Estate Update October 24, 2005
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The market has picked up again, and though prices are still rising, they’re not going up like they use to. This is the time of year that people who are buying or selling have to decide whether they want to move before the holiday season gets into full swing. Would you like to spend the holidays in a new home or the one you’re currently in? If your answer is a new one, call me to help you make it a reality.
Also, thank you to all the people who responded to last weeks newsletter. I submitted all the documents today so it will be live shortly, I’ll keep you posted. I’m showing it by private appointment Tuesday to subscribers, so if you’re interested respond with your phone number and I’ll try to get you in. Asking is $188,000, walking distance to Granville Island. Great for investors (rented at $1,050) or first time homebuyers.
Looking forward to hearing from you,
D'Arcy Harris
Real Estate Broker
Sutton Group - Westcoast Realty
P.S. Wondering what your home is worth? Probably more than you think! Find out with an Over the Phone Market Evaluation, sign up here:
http://www.vancouverrealestateinfo.ca/redir.asp?page=homeeval.asp&t=list1
P.P.S Each month, I publish a series of articles of interest to homeowners – money saving tips, household safety checklists, home improvement advice, real estate insider secrets, and much more.
http://www.vancouverrealestateinfo.ca/redir.asp?page=gold_newsletter.asp&t=list1
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Success Story of the Week
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Congratulations to J., who along with her partner bought a beautiful corner home in Panorama Ridge. She had been looking for a whole year before we started working together, and lo and behold she bought the first place I showed her. I would take all the credit except she had seen everything already, so was able to say for sure that it was the place for her. She was ready, and knew the market like the back of her hand. She had specific wants and needs, and it was just a matter of fulfilling them. That’s how you buy real estate. Congratulations and enjoy your new house!
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Insider Secret Revealed
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Would you like to have access to all the new listings that match your home buying criteria, including area, price range and style of home, emailed to you directly? Tired of leafing through hundreds of listings to find what you’re looking for? This is a free service and will allow you to view only the homes that you're interested in seeing. Become a VIP Buyer and beat other buyers to all the hot new listings in Vancouver. How does it work? Visit:
http://www.vancouverrealestateinfo.ca/redir.asp?page=vip_buyer.asp&t=list1
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Market Tidbit
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Bank of Canada Raises Central Rate
Additional Increases Expected
As widely expected, the Bank of Canada hiked its benchmark overnight lending rate by one-quarter of a percentage point to three per cent on October 18th. The trend-setting Bank rate, which is set one-quarter of a percentage point above the overnight lending rate, now stands at 3.25 per cent.
This is the second increase in two months. When Canada's central bank raised the overnight lending rate in September – the first time it raised the rate in almost a year – it said the economy was running near full capacity. The Bank now holds the view that the economy has strengthened and is running at full capacity. As a result, further interest rate increases are anticipated in the coming months.- (CREA 18/10/2005)
What does this mean for you? Call me, and I’ll walk you through your options. Or better yet, call a Mortgage Expert:
Reed M. Harris
Canada's Best Mortgage Corp.
RealEstateFinancing.ca
Phone 604-725-7684
Toll Free 1-866-369-3532
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From the News
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Canada Rolls Credits on a Slump
By Richard Verrier, Times Staff Writer
“…So British Columbia and other Canadian provinces answered with a fresh round of sweeteners layered on top of an already generous package. Now, studio lots are jammed until well into next year.”
http://www.latimes.com/business/la-fi-hollycanada23oct23,0,4615225.story?coll=la-home-headlines
The Great Real Estate Debate Housing's definitely headed for a crash! Or is it? Two of FORTUNE's in-house experts battle it out. http://www.fortune.com/fortune/articles/0,15114,1086081,00.html
Each month, I publish a series of articles of interest to homeowners – money saving tips, household safety checklists, home improvement advice, real estate insider secrets, and much more.
http://www.vancouverrealestateinfo.ca/redir.asp?page=gold_newsletter.asp&t=list1
How Real People Get Rich Buying buildings and land can be hugely profitable—or a huge headache. Meet five folks who are doing it right. By Ellen Florian Kratz and Oliver Ryan
http://www.fortune.com/fortune/investorguide/articles/0,15114,1006633,00.html
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Contact Info
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I supply this information to you free of charge and without obligation with the hope that when you do decide to buy or sell your home, you’ll call me to help make it a reality.
If I do all this for free, imagine what I do when we’re working together!
I invite you to forward this newsletter on to friends and family.
Comments and suggestions are always welcome, thanks for reading!
D'Arcy R. Harris
Real Estate Broker
Sutton Group - Westcoast Realty
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