Posted in: Z4 Extension, Zone 4 - Nanaimo Real Estate
I have listed a new property at 7 3449 HALLBERG ROAD in NANAIMO.
Completely renovated from head to toe! This mobile home is absolutely the best value in the market and price range. Shows like new! Renos include: new windows, new siding, new roof, new high efficiency furnace (95%), new hw tank, new kitchen cabinets and tile counter-tops, new bathrooms including all fixtures, new flooring and trim, new light fixtures, drywalled interior walls, new appliances, and updated electrical and plumbing systems. Located in a family friendly/pet friendly mobile home park. What more could you want? Make an appointment to view today!
Posted in: market
Ottawa, ON, September 15, 2014 - The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations for 2014 and 2015.
The deferral of sales and listings during an extraordinarily bleak winter delayed the start to the spring home buying season earlier this year. This deferral boosted activity in May and June as properties were snapped up after finally hitting the market, particularly in markets with a shortage of listings.
Although this boost was and still is expected to be transitory, sales have yet to show signs of cooling as activity strengthened slightly further over the summer. The increase reflects continuing strength in home sales among large urban markets that initially drove the spring rebound together with gains in markets where activity had previously struggled to gain traction. Lowered mortgage interest rates supported this trend.
Sales are now forecast to reach 475,000 units in 2014, representing an increase of 3.8 per cent compared to 2013. This is upwardly revised from CREA’s forecast of 463,400 sales published in June, and reflects stronger than expected sales in recent months. Even so, sales activity is expected to peak in the third quarter as the impact of a deferred spring dissipates and continuing home price increases erode housing affordability.
This would place activity in 2014 slightly above but still broadly in line with its 10-year average. Despite periods of monthly volatility since the recession of 2008-09, annual activity has remained stable within a fairly narrow range around its 10-year average. This stability contrasts sharply to the rapid growth in sales in the early 2000s prior to the recession.
British Columbia is forecast to post the largest year-over-year increase in activity (11.9 per cent) followed closely by Alberta (7.7 per cent). Demand in both of these provinces is currently running at multi-year highs.
Activity in Saskatchewan, Manitoba, Ontario, Quebec and New Brunswick is expected to come in roughly in line with 2013 levels, with sales increases ranging between one and two per cent in the first three provinces and edging lower by about one per cent lower sales in the latter two provinces. Sales in Nova Scotia and in Newfoundland and Labrador are projected to be down this year by 3.9 per cent and 5.2 per cent respectively.
Mortgage interest rates are expected to edge higher as Canadian exports, business investment, job growth, and incomes improve. These opposing factors should benefit housing markets where demand has been softer but prices have remained more affordable. Sales in relatively less affordable housing markets are likely to be more sensitive to higher fixed mortgage rates.
National activity is now forecast to reach 473,100 units in 2015, representing a decline of four tenths of one per cent. Sales activity is forecast to grow fastest in Nova Scotia (+3.3 per cent), followed by Quebec (+1.3 per cent) and New Brunswick (+1.3 per cent). Alberta is the only other province forecast to post higher sales next year (+1.0 per cent).
In other provinces, activity is forecast to decline in the range of between one and two per cent. In British Columbia and Ontario, this trend reflects eroding affordability for single family homes.
The national average price has evolved largely as expected since the spring, resulting in little change to CREA’s previous forecast.
The national average home price is now projected to rise by 5.9 per cent to $405,000 in 2014, with similar price gains in British Columbia, Alberta, and Ontario. Increases of just below three per cent are forecast for Saskatchewan, Manitoba and Prince Edward Island. Newfoundland and Labrador is forecast to see average home price rise by about one per cent this year, while Quebec is forecast to see an increase half that size.
Prices are forecast to be flat in New Brunswick and recede by almost two per cent and Nova Scotia.
The national average price is forecast to edge up a further 0.7 per cent in 2015 to $407,900. Alberta and Manitoba are forecast to post average price gains of almost two per cent in 2015, followed closely by Ontario at 1.3 per cent. Average prices in other provinces are forecast to remain stable, edging up by less than one percentage point.
Kelowna, B.C. (September 8, 2014) – RE/MAX of Western Canada is renewing the organization’s commitment to our future community leaders by offering $16,000 in bursary funds through its annual Quest for Excellence Program. One recipient—in addition to his/her bursary—will receive a hot air balloon ride for two.
The Quest for Excellence Program recognizes the pursuits in leadership and community contributions of Western Canadian students. High school students graduating in 2015 from British Columbia, Alberta, Saskatchewan, Manitoba, Yukon and Northwest Territories are encouraged to write an essay to convey the contributions they have made to enrich the lives of others and their communities: Through leadership, motivation, volunteering and participation in charitable events or fundraising.
“It’s inspiring to see these young adults making such a difference in their communities,” says Marie Sheppy, Senior Coordinator, Corporate Affairs, RE/MAX of Western Canada. “We’re pleased to have the opportunity to recognize their efforts and assist them in their future endeavours.”
Sixteen winners will be selected from entries received online at remax.ca. Each winner will receive a $1,000 RE/MAX Quest for Excellence bursary. All 16 bursary recipients will be placed in a draw and one lucky student will receive a hot air balloon ride for two from the closest major city. The application deadline is March 9, 2015. Award recipients will be notified in April 2015, with a formal presentation at the students’ commencement ceremonies.
“We’re once again honoured to announce our Quest for Excellence Bursary Program to reward some of the outstanding young adults throughout Western Canada. Their efforts have benefitted their communities and this is our way of recognizing that,” says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada.
For more information, visit: www.remax.ca.
Posted in: Z4 Old City, Zone 4 - Nanaimo Real Estate
I have listed a new property at 639 KENNEDY STREET in NANAIMO.
R14 zoned property in the Old City with an (almost) 114 year home and separate rear lot (separate title, can build up to a 4plex on, no DCCs). Great revenue property for the right buyer. Grossing $4200/month income. Coin laundry for tenants use adds extra income. Over $40,000 in updates recently - including new flooring, renovated bathroom, new kitchens, some new appliances, new back deck and stairs. Newer roof and furnace. Updated plumbing and wiring throughout. Newer siding, newer carpeting, and much more. The basement features a garage and lots of storage space. The yard is fully fenced and very private with pear and hazelnut trees - and features a patio for use by the tenants. Vacancies are rare. Great tenants in place (all students). Rental is authorized by the City of Nanaimo and 100% compliant with all fire and bylaw code. Property manager also in place. This home is on the City of Nanaimo's "Heritage Walk" of homes in the Old City. Incredible value!.
I have listed a new property at 5067 PYBUS STREET in PORT ALBERNI.
Like new condition! This home may look a bit unusual on the outside - but it is absolutely stunning on the inside! Featuring a stunning 482 sq ft master bedroom complete with mountain-view balcony, corner gas fireplace, built-in wardrobe, enclosed sun room, and a luxury ensuite (shower, jetted soaker tub, heated tile floor, etc). Comfortable open living room/dining room/ kitchen area with covered rear patio. Large 2nd and 3rd bedroom on the main floor plus oversized 1 car garage (car + workshop area). Lots of storage space! This home's lot is fully fenced and located on a quiet dead end street in a peaceful neighborhood. The manageable yard features fruit trees, berry bushes, and a custom-made playhouse. Lots of room for RV/ Boat parking. Lots of sun! New roof May 2014. Close to everything. Looking for a home that needs no updating and repairs for a great price! This is it!
Posted in: Z4 Uplands, Zone 4 - Nanaimo Real Estate
I have listed a new property at 303 4949 WILLS ROAD in NANAIMO.
Stunning renovated condo (like new!) overlooking Long Lake. This Waterfront Quay unit features high end laminate flooring, an updated kitchen, a huge living room with feature fireplace, marvelous views of Long Lake, a large private balcony, and newer appliances. Quiet location. Easy walk to North Town Centre (formerly Rutherford Mall) with Sears, Target, London Drugs, Canadian Tire, movie theatres, and Tim Hortons. Near bus routes. One small pet allowed. Make an appointment to view today!
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