Tuesday, April 24, 2012

The Smart Buyer and Seller Market Report - SnapStatsTM

SnapStats™, is a complementary monthly statistical report emailed to you FREE of charge that will educate you on the following:

  • What the official market type is for individual price ranges. Is it a buyers, sellers or balanced market?
  • What the official market type is for individual neighbourhoods.
  • What the odds are of a home selling today. (1 in 10? 1 in 100?)
  • The past twelve month trends for sale prices, active listings and number of sales.

SnapStats™ will educate you about opportunities of current inventory levels, prices and official market types today so that you can capitalize on these markets tomorrow.

Once you sign up, you will receive your first customized SnapStats report within three business days from us.

View a sample report below

For more information and to sign up please visit vancouver-properties.ca

Friday, April 20, 2012

Two new proposed developments in Chinatown

Vancouver’s Chinatown is going through a change, a change for the good. Two proposed project on opposite corners of Keefer and Main street: 189 Keefer and 611 Main street.

189 KEEFER

The 189 Keefer proposal is one of a handful of important projects going on in the neighbourhood. The building, located at Main and Keefer will be 10 floors tall containing 81 residential units and retail at grade. The developer for the project is Solterra and architect is Raffi.

In order to preserve character both developers and architects need to add elements of the neighbourhood into their developments in Chinatonwn. 

 

611 MAIN

The proposal is for a 17-storey mixed-use commercial and residential development with an underground parking garage. The proposed development is comprised of 9,225.9 sq. ft. (875.1 sq. m) of ground floor retail, 16 floors of residential with 26 units of seniors housing and 145 units of market housing, and 1,828.9 sq. ft. (169.9 sq. m) of amenity space. The proposal will include 76 parking stalls, two loading spaces (Class B), and 215 bicycle stalls.

At 17 floors, this residential tower by Westbank (developers of the fine Woodward’s towers in Gastown) almost approved by the city. Once complete it will be the tallest tower under the city’s new height guidelines for Chinatown. The tower will be located at Main and Keefer.

Designed by W.T. Leung Architects, the building ties in nicely with the neighbourhood. The 7 floor brick podium on Main street is quite impressive and the additional floors will be set back, thus allowing a more human scale to take form at street level.

 

What do you think about these proposed development?

Thursday, April 12, 2012

FULL-SERVICE MARKETING FOR YOUR HOME

Untitled Document

Did you know each year, more potential buyers begin their search for real estate on the Internet? This makes it critical for your home to be easily accessible online and stand out from other listings. Century21.ca and Vancouver-Properties.ca provide its visitors the most powerful real estate search tools available online, attracting over one million visits each month. With this enormous competitive advantage, I am confident that listing your home through me and featuring it on my website and also using Print and Direct mail, will help your home sell quickly for the best possible price.

QUALITY MAGAZINE

Eye-catching graphics and detailed property descriptions make magazines like Homes & Land, Real Estate Book, Homes & Design popular choice for marketing of luxury homes and condos. (some conditions apply)

MOBILE DEVICES & SOCIAL MEDIA TOOLS

Century21.ca and Vancouver-Properties.ca are mobile enabled, so homebuyers can access your property information no matter how they search. In addition, we are able to use social media and the latest technology to market your home through Facebook, YouTube, Twitter and QR codes.

ALL OVER THE WORLD WIDE WEB

We post your property on Century21.ca, vancouver-properties.ca, realestatechannel.ca, craigslist, kijiji, asmallworld.com etc. In addition, we create Photo Tour and HD video Tour of your home because listings with virtual tours are more likely to be viewd by serious homebuyers.

TARGETED DIRECT MAIL

Your property information flyer is sent to qualified prospects that are actively buying and selling real estate, neighboring areas and buildings.

I would love the opportunity to meet with you to demonstrate how the technologies offered by CENTURY 21 can help promote your home and sell more quickly. If you are interested in learning more about the ways in which I can help, please give me a call. I would be happy to assist you.

I look forward to hearing from you.

Sincerely,

Sanjin Cvetkovic
604.771.6415
www.century21.ca/sanjin.cvetkovic

Monday, April 2, 2012

New strata property regulations introduced

New regulations under the Strata Property Act that improve accountability in strata corporations have been introduced that will support the more than one million strata property owners and residents in the province.

 The new rules were developed after extensive consultations with the strata community including strata lot owners, strata associations, legal experts and professionals. The consultation also included an online public survey in February 2011 that attracted over 1,800 participants, many of whom provided additional comments that helped refine the final regulations.

 The majority of new housing starts in recent years have been stratas. Strata properties already make up more than half of the taxable properties in a dozen British Columbia municipalities. The prevalence of stratas will continue to grow as the province’s population expands and urban densification increases.

 The Strata Property Act and regulations are used directly on a regular basis by members of the public. Regulations with respect to audited financial statements are expected to be introduced next year.

 A guide to the new regulations will be published early in 2012 to give strata owners and corporations an opportunity to learn more about the new rules before they are required to comply.

 Key highlights of the new regulations

 Depreciation Reports

 Depreciation reports help strata corporations plan for future repair and maintenance costs. Under the new regulations, the report will contain:

  • A physical inventory of the common property including building systems.
  • Anticipated maintenance, repair and replacement costs for common expenses projected over 30 years.
  • A financial forecasting section that contains at least three cash flow funding models for the contingency reserve fund (CRF).

What has changed:

  • Like other provinces, depreciation reports are now mandatory unless the strata corporation exempts themselves through an annual ¾ vote. Strata corporations with less than five units are also exempt. Updates will be required every three years and include an onsite inspection.

Benefits:

  • Strata owners will be better-informed to assist with prudent management of their common property. The report will help owners determine how repairs will be funded and the amount that could be contributed to the CRF. The most recent report will also be provided to potential purchasers.

Effective Date:

  • Immediately. However, strata corporations have two years to comply with the new requirements.

 

Contingency Reserve Funds (CRF)

 Strata corporations have a contingency reserve fund to help pay for expenses that usually occur less often than once a year, such as maintenance and repairs on common property.

What has changed:

  • Previously, an annual ¾ vote was required to make contributions to the reserve fund if it already exceeded 100 per cent of the annual operating expenses. Strata owners may now make any additional contributions, above 25 per cent of the annual operating expenses, to the CRF, by simple majority vote as part of the budgeting process at the annual general meeting.

Benefits:

  • Will give strata corporations’ additional flexibility in how they choose to contribute to their contingency reserve fund.

Effective Date:

  • Immediately.

 

Form B

 The Information Certificate (Form B) discloses information to owners and purchasers about the strata corporation and the strata lot. 

What has changed:

  • The Form B has been slightly revised to better inform strata councils and prospective purchasers that the act requires strata corporation rules, Form J (the rental disclosure statement), the current budget and the most recent depreciation report (if any) to be attached to the Form B. (These changes will take effect March 1, 2012, although strata corporations can choose to use the revised form before that date.)
  • The Form B will better identify how parking and storage lockers are allocated to strata property lots. (These changes to take effect Jan. 1, 2014, although strata corporations can choose to use the revised form before that date).

Benefits:

  • Provides better disclosure to new strata owners.

Effective Date:

  • March 1, 2012 for the new Form B listing, noting the required attachments: rules, Form J, the current budget and the most recent depreciation report (if any) to the Form B.
  • Jan. 1, 2014 for the changes related to parking and storage information. This two-year transition period gives strata corporations time to implement and is based on the public consultation.