June 20th, Vancouver Real Estate Update

Looks like June-uary is finally over and summer is hopefully here to stay. And not a moment too soon. In honour of the sun, this weeks newsletter has some comedy; be sure to check out Will Farrel in The Landlord', and this one I found on YouTube spoofing Realtors. (WHAT? Realtors have a bad reputation?)

On a more serious note, our cashflow positive property in Sun Peaks Ski Resort has hit the market. If you missed it last week, be sure to go and crunch the numbers. Cash Cows are a rare breed of real estate.

We also have the 1.1 Acre, 7,000 sq. ft. house in South Surrey. The owners have asked me to pass how motivated they are: Very. If you're at all interested in getting a great deal, call Grady for a showing.

Gary will be hosting the first showings this weekend at his listing in Surrey from 2-4 pm on Saturday and Sunday. The home is in a quiet area bordering a greenbelt and is perfect for a growing family.

Thanks for reading, and enjoy the weather like only people who live in rain 9 months of the year can.

D'Arcy Harris
The Harris Real Estate Group
Sutton Group Westcoast Realty
Call us direct: (604) 771 1637
www.VancouverRealEstateInfo.ca
Listings and Services:
Featured Listings:

Cashflow+ in Sun Peaks:
Let your tenants pay the mortgage! Subdivision in progress. Won't last. $$$

Beautiful 7,000 sq. ft. home on 1.1 Acres in South Surrey.
Asking $1,895,000.
email to view. Virtual Tour

Well maintained, beautiful 4 bedroom home in Surrey. Asking $629,500

email to view.

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tel: 604 771 1637

From the News:
Home Sales Rise; Affordability Falls
“Rising wages, low unemployment and encouraging migration figures continue to support housing demand in the province,” added Muir. “However, recent mortgage rate increases combined with record high home prices will moderate housing demand over the second half of the year.”

Rich People Know Better (from The U.S)
"Gillespie suggests that affluent women’s confidence in real estate, along with the fact that 22% of all homes sold last year were to single women, could be “the driver that ultimately helps the market turn the corner.”

Vancouver considered 'cheap' place to live in global survey
Mercer Human Resource Consulting released a cost-of-living assessment that placed Vancouver 89th out of 142 cities.

Red-Hot Real Estate Market Breaks Records in May
Home sales and prices hit all-time highs last month, flying in the face of repeated predictions of a cooling of Canada's housing boom.

Canada Inflation Rates Rose 2.2% in May on Housing
The core rate has been above the Bank of Canada's 2 percent target for 10 months, leading investors to bet on a rate increase as early as the July 10 policy meeting. Low unemployment, record consumer spending and rising energy and housing costs have contributed to higher prices.

Active Listings:
Perfect Family Home
Asking $629,500
Nestled in a quiet cul-de-sac, this 4bd, 3bth home with bonus games room. Huge 8300sq. ft. lot. Email Gary to view

Cash flow positive Investment Property in Sun Peaks ski resort...
Asking $799,000
Legal duplex with 2 basement suites, rent pulls in $5,100 a month...Great opportunity for all you cashflow investors out there...Photos

1.1 Acres only 5 minutes to Crescent Beach
Asking $1,895,000
1.1 acre secluded estate in Bayview. Fully wired for music, internet and intercoms, this house is perfect for a large family. Easy to show. Previously listed at 2.1 Million. The owners are out of the country and are waiting for an offer. The lottery homes have nothing on this one. View the Photos and Virtual Tour.

Abbotsford Under Construction
Owner needs to sell now. Home is partially completed and ready for all you builders and investors out there... Email Grady to View

THANKS FOR READING!

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