Vancouver Real Estate Update May 11, 2006

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The Harris Team – Weekly Real Estate Update May 11, 2006
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So the GST is going to be taken down a notch. All I can say is it’s about time. Of course, this being a real estate related newsletter, I guess I’ll have to talk about how it’s going to affect the market and the buyer/seller as individuals.

Here’s a breakdown from the Real Estate Board of Greater Vancouver:

If GST becomes payable on or after July 1, 2006, without having been paid before that day, the six per cent rate applies.
If GST is paid on or after July 1, 2006, without having become payable before that day, the six per cent rate applies.
If GST becomes payable or is paid before July 1, 2006, the seven per cent rate applies.

For more information see the following links:

GST Reduction: Questions & Answers
www.cra-arc.gc.ca/agency/budget/2006/gstrateqa-e.html
GST Reduction: Impact on Sales of Real Property
www.fin.gc.ca/budget06/bp/bpa3ae.htm

Call us,

D'Arcy R. Harris
Listing Coordinator, the Harris Team
Tel: (604) 771 1637
Fax: (604) 488 0885
Sutton Group - Westcoast Realty
darcy@darcyharris.com
http://www.vancouverrealestateinfo.ca/

P.S: If you’re thinking of selling sign up for a free comparative analysis of your homes value.

P.P.S: 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.

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Assignment Available
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I’ve recently taken an assignment at the new BRIX development on Commercial St. Walking distance to the lake and shopping, this brand new development is scheduled to be completed by December. If you’re an investor, this is a great way to bet on the hot real estate market. And if you’re looking for a place to live, assignments allow you to own a brand new place with all the warranties. This unit has 2 bedrooms, 749 sq. ft. of indoor space and two (count em’: 2!) private patios for a total of over 1,200 sq. ft. of usable space.

The new drop in the GST will save you a whopping $3,550 right off the bat.

Email me at assignment@darcyharris.com for more information or Click Here.

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New Listing Open House Sat. 2-4 pm.
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Beautifully finished 2 beds, 1 bath 1,000 sq. foot town home with a huge patio. This unit is walking distance to Guildford Center in Surrey just off highway 1. It has a pool and hot tub and is priced to move at $176,000. The current owners have put in new floors and paint. It’s rare to find something in this price range in such great condition. Perfect for all you non-fixer-upper people out there. (Like me!) We’re going to be doing private showings for readers of the newsletter, simply email me at affordable@darcyharris.com or for more information and pictures please click here.

Open house will be this Saturday from 2-4 pm. Sunday is for your mother!

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Buyers Corner: Kendall Harris, Buyer Specialist
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I was talking to a potential client who wants to buy a house but keeps putting it off, and she said, "The market’s just too hot right now, all these multiple offers! I’ll just wait till things cool off.” This seemed to me the strangest reason NOT to get into the real estate game. And it’s not the first time I’ve heard this complaint. Ladies and gentlemen, multiple offers are a reality in the current real estate marketplace, but they should by no means deter you! As you wait for things to "cool off", interest rates are rising, as is the price of real estate in Vancouver. By the time things "cool off" the prices will be higher, it will be more expensive to borrow, and the house you want today will be WAY out of your reach financially.

Don't let that happen. The time to buy is NOW. And here’s a little reminder: not all purchases end up in multiple offers, and sometimes, especially working with an ace negotiator such as myself, there are multiple offers but you end up the winner! Let's get you started: contact me at kendall@kendallharris.net

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Insider Secrets Revealed:
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Is there anything specific you’d like to see in the newsletter? Let me know by replying to this email!

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 that DOESN’T fit in this newsletter: Click Here.

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 Vancouver Real Estate VIP Buyer and beat other buyers to all the hot new listings.

Wondering what your home is worth? Probably more than you think! Find out with an Over the Phone Market Evaluation.

I’ve put up all the past newsletters on a blog! So if your dog eats your email, you can always check it out by Clicking Here.

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From the News:
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Federal budget: win some, lose some
GST cut applauded, but Tories' silence on election promise of capital gains rollover is viewed as a disappointment…

Immigrants find the Canadian dream in suburbs
"Toronto will be made up of a lot of newcomers, obviously," said Bartram. "Our next foray into another marketplace might be Vancouver. It's a very multicultural city too."

Chilliwack house sales continue ‘strong,’ says real estate official
Chilliwack house sales continued strong last month, in line with a boom in record building permits reported in Vancouver and the Lower Mainland in March by the Vancouver Regional Construction Association…

New Realty Reality in City
Large influx of new buyers throws off traditional balance
"In a balanced market, when someone buys a home, they are also putting a home up for sale," says Esch. "With new people arriving in town, however, they are buying without replenishing the supply with a listing."

GST Reduction: Questions & Answerswww.cra-arc.gc.ca/agency/budget/2006/gstrateqa-e.html

GST Reduction: Impact on Sales of Real Property www.fin.gc.ca/budget06/bp/bpa3ae.htm

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Weekly Real Estate Listings
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These are all the current listing out right now; in fact, some of them are so new they’re not even posted on Realtylink ors MLS.ca. Want to get them before they’re even in the newsletter? Sign up for the VIP Buyers Program.
If they don’t load, cut and paste the links into your browser. If you want more information about the listings, email me with the MLS number and I’ll send you more info.

Vancouver Lofts:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=508061400&s=BRC&t=BRC

Investment and Revenue Properties:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=1145545632&s=BRC&t=BRC

Vancouver House Foreclosures:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=1229479907&s=BRC&t=BRC

Vancouver Apartment Foreclosures:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=58968025&s=BRC&t=BRC

Are you calling the listing agent directly? You should be working with a Buyer Specialist. Simply reply to this email and we’ll contact you within 24 hours!

I could also have them emailed to you ASAP rather than weekly, sign up for the VIP Buyers Program to learn more about our personalized services.

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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.

If you are receiving this newsletter from someone else and would like to sign up to receive it directly, please Click Here.
Comments and suggestions are always welcome, thanks for reading!
D'Arcy R. Harris Listing Coordinator, the Harris Team Tel: (604) 771 1637 Fax: (604) 488 0885 Sutton Group - Westcoast Realty