Updates › February 2013

Recently Sold Listing # 801 1445 MARPOLE AV, Vancouver, BC

V985815 - # 801 1445 MARPOLE AV, Vancouver, British Columbia, CANADAI have just recently sold this listing at # 801 1445 MARPOLE AV, Vancouver.

10 Inexpensive Decorating Ideas

  • Lighting can make or break a room.
  • Invest in lower-wattage bulbs to change a room's mood from restful to romantic. 
  • Check out remnant tables at your local fabric stores.
  • Remnants are perfect for recovering pillows, banding drapes and other sewing projects around the house. They're usually 1/3 of the price and look just as good. 
  • Don't forget about greenery.
  • Having plants in any room makes you feel more alive. Simple green foliage often lasts longer than flowers, and the overall design of a single leaf can make more of a striking effect. Try a single palm leaf or a slender flax in a giant vase. It has simple yet modern appeal. In your kitchen, add a small herb garden to your windowsill to add life to the room. Plus, they taste great! 
  • Focus on your floors.
  • Just like walls, floors need your attention, too. If you're able to completely change the surface, consider sanding or staining wood floors, or replacing old linoleum or carpet with tile. For a quick fix, add an area rug. There are so many options, making it easy to find the perfect style, shape and color for your space. By making your floors stand out, your walls can only look better. 
  • Storage, storage and more storage.
  • Living in small spaces presents two options: building up or building under. Consider using tall bookshelves for a more dramatic effect, or take advantage of the space underneath your bed to store things you'd love to keep out of sight. 
  • Fabric is an easy and inexpensive way to combine all the elements of your room.
  • Have fun by combining patterns, styles and different textures of fabric in everything from window treatments to accessories and furniture. 
  • Fake architectural detail.
  • This can be done in a variety of ways. Using painter's tape, you can paint horizontal or vertical lines, which can make the room look bigger. You can also make shapes like rectangles and squares, creating a box on the wall for framing out furniture, sconces or your favorite picture. With molding, you can give the illusion of added depth and dimension to the walls. Like painter's tape, making a small box with molding can create a look that's certainly classic. 
  • Anchor your room by investing in substantial furniture pieces.
  • Buying a timeless sofa or kitchen table will save you money as your style changes. It's better to switch out the little things than buy a couch every two years! 
  • Consider simple fixes before you get rid of something.
  • Inexpensive solutions: Bring life back to leather furniture with a little olive oil; make your kitchen chairs new again with a little spray paint and some fabric; get the scratches out of your wood floor and furniture by rubbing them with an almond. 
  • Don't overlook the Internet.
  • There are so many great deals for every room in your home on places like Craigslist and eBay. After all, one person's trash is another person's treasure.

BC Home Sales Remain Subdued by Stable

BC Home Sales Remain Subdued but Stable

Vancouver, BC – February 18, 2013. TheBritish Columbia Real Estate Association (BCREA) reports that a total of 3,410 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC during January, up 1.8 per cent from December on a seasonally adjusted (SA) basis, but down 13.6 per cent compared to January 2012.  Similarly, total sales volume increased 3.8 per cent SA, but declined 16 per cent from the same month last year. The average MLS® residential price in the province was $514,134, up 3.2 percent from December, however, down 2.7 per cent from a year ago.

"Despite a modest uptick in consumer demand last month, home sales have remained relatively stable at a noticeably lower level since last August,” said Cameron Muir, BCREA Chief Economist. “Continuing low mortgage interest rates combined with an easing back of home prices in some areas is expected to trend home sales higher during the spring and summer months."

“The ratio of home sales to new listings is indicative of a balanced market at 42 per cent,” added Muir. “However, there remains a backlog of existing home listings to either sell or be pulled off the market before supply and demand can be considered in check.”

Dramatic swings in average price statistics caused by a surge and subsequent pullback in luxury home sales appear to be near an end. The year-over-year change in average prices now more closely reflects the home price indices in Vancouver and the Fraser Valley.

New Listing # 864 2080 W BROADWAY BB, Vancouver, BC

V990343 - 864 - 2080 W Broadway Other, Vancouver, BC, CANADAView my new listing for sale at 864 - 2080 W Broadway Other, Vancouver and currently listed at 1139000.

'Pinnacle Living on Broadway' Sub-penthouse with dynamic views of mountain, water and cityscape. Bright spacious corner suite features wrap-around wall windows providing abundance of natural light.  Smooth 9'ft ceiling height, hardwood flooring and air-conditioning / forced heat.  Excellent floor plan with bedrooms on opposite ends for privacy, two full baths, den, solarium and balcony off living area perfect for entertaining.  Gourmet kitchen is complimented by Bosch stainless steel appliances, granite countertops with undermount sink, soft-closing designer cabinet doors & drawers, gas range and Fisher Paykel bottom-freezer fridge. Inspired spa-bath features his/her vanity, marble countertop, glass walk-in shower & luxurious soaker tub. Master bedroom features huge walk-in closet! Slick new elegant concrete glass & brick building.   Amenities include social/meeting room with full kitchen, billiards table, TV lounge area, fully equipped gym, rooftop deck with BBQ and garden area. Desirable location of Kitsilano neighborhood. A lifestyle enhanced by cafes, restaruants, parks, schools, recreation, London Drugs, IGA & transit.  Direct bus ride to UBC. Luxury living in Kitsilano! 2/5/10 Warranty.

Bank of Canada signals rates likely on hold until 2014

The Bank of Canada announced on January 23rd, 2013 that it is keeping its key policy interest rate at 1 per cent, where it has been held for more than two years. In providing guidance on where interest rates are heading, the Bank said interest rate hikes are “less imminent than previously anticipated.”

The Bank acknowledged that Canadian economic growth slowed more abruptly in the second half of 2012 than it had previously anticipated. It also recognized a marked deceleration in the growth of household debt, moderation in the housing sector, and softer than expected inflation.

The Bank now expects inflation to return to its 2 per cent target sometime in the second half of 2014. That represents a significant weakening in the Bank’s outlook for inflation; in October, the Bank expected inflation to return to target by the end of 2013. Consumer Price Inflation rose by 0.8 per cent in November 2012.

The Bank said it still expects the Canadian economy to gain strength this year, but it lowered its forecast for economic growth to just 2 per cent in 2013. By contrast, its growth forecast for 2014 was raised to 2.7 per cent versus its previous forecast reading of 2.4 per cent contained in its previous Monetary Policy Report (MPR) published in October 2012.

The bottom line is that economic growth is expected to remain modest but positive, consistent with low inflation and low interest rates. At the same time, growth in household debt burdens, which the Bank has repeatedly flagged as a major risk in this low interest rate environment, is showing positive signs of topping out as housing market activity continues to stabilize at a more sustainable levels. Combined with extremely well anchored expectations for inflation, that means the Bank is in no hurry to raise interest rates anytime soon, with the first such move in that direction unlikely to be for at least another year.

As of January 23rd, 2012, the advertised five-year lending rate stood at 5.24 per cent. It has been unchanged at this level since the beginning of June 2012.