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I just finished uploading this Condo for sale, 206 6168 LONDON ROAD, Steveston South, Richmond, BC

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The Pier at London Landing: A unique waterfront development on the South shore of the Fraser river. Two buildings house 76 unique centerpiece homes featuring open concept floor plans, spacious living areas, entertainment style kitchens/dining areas, and many enjoy double garages and direct-access, semi-private elevators. Marvel at the spectacular river, farmland and mountain vistas from generous terraces and balconies with BBQ hook-ups and year-round climate comfort indoors thanks to centralized air conditioning and heating (Geo-exchange). Let our sales associates help you select from our collection of truly exceptional residences located on Steveston's prestigious waterfront, call today!

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I just finished uploading this House for sale, 3100 REGENT STREET, Steveston Village, Richmond, BC

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This BRAND NEW 3037 SF 5 bdrm, 4 bath home in Steveston Village is another expectation-exceeding home by Penta Builders Group. The home sits on a large 5640 SF CORNER lot. The flex room on the main can be used as a 5th bdrm as it has direct access to a 3 piece bath. Thoughtful details include a grand entrance w/ 16' ceiling, mud room w/ seating area & cubicle storage, handsome concrete driveway, radiant heat, A/C, 8â shaker doors, engineered h/w floors, built in vacuum & sprinkler system. Kitchen features Jenn-Air s/s appl, quartz counters, pantry/spice kitchen & designer finishes. Cozy gas f/p in the living room & the dining room opens up to a sunny south facing backyard - perfect for entertaining! Quick stroll to Garry Point Park & the village. Donât miss this! OPEN HOUSE MAY 7/8 2-4PM.

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We are proud to announce that this May 7th, 2:00 PM to 4:00 PM we will be hosting an Open House at PH5 3255 Smith Ave in PANACASA in the Central Burnaby North neighborhood, Burnaby.

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This is an opportunity to visit this excellent Condo for sale in beautiful Central Burnaby North.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Central Burnaby North Condo for sale.

As always please do not hesitate to give me a call at 604.644.1044 if I can answer any questions before the open house, or if you would like to book a private showing.

Alisa Sakamoto
REALTOR® RE/MAX WESTCOAST

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Imagine if you dreamed of owning a special limited edition vehicle. What would you do to ensure that your dream vehicle would someday be parked in your driveway — with your name on the ownership papers?

You would probably start by doing some research. You’d find out how much that vehicle would cost, what features are available, and so forth. You would likely visit a local dealership and take a test drive if a model is available on site. You would keep an eye on the market for any that come up and let the dealer know you’re looking for just that car.

If you did, then, some day, you’d probably be the proud owner of the limited edition car of your dreams.

What does this have to do with real estate?

Well, you can take the same approach when there’s a neighbourhood you’d love to live in someday. You can target it, learn what homes typically cost in that area, and keep your eye on that market in case a property becomes available that meets your criteria.

By focusing on a specific neighbourhood, you increase your chances of someday living there, simply because you’re focusing on it.

Of course, neighbourhood targeting isn’t as simple as aiming to own a specific car someday. That’s why you need a great REALTOR® who can keep an eye on that neighbourhood on your behalf and alert you to opportunities that become available.

Then, when there is a listing that’s a good fit, you can decide whether or not to make a move.

Is there a dream neighbourhood you’d like to live in some day? Call today --604.644.1044 Alisa Sakamoto,  and start making it happen.
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I just finished uploading this Apartment for sale, PH5 3255 Smith Ave, Central Burnaby North, Burnaby, BC

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PANACASA – Concrete construction, you will love this spacious & bright 1 Bdrm + Den PENTHOUSE suite with high elevated 12 ft ceilings! This fabulous home is move in ready. The bdrm has soaring windows with a walk thru closet to the cheater ensuite. Features granite counters, laminate flooring & S/S appl. Superb layout with functional open concept den. Cozy gas fireplace in the living room with sliding doors out to the massive 182 SF south facing balcony – perfect for BBQ’s, entertaining with friends & soaking in the sun! Comes with 1 parking stall & storage locker. Pets & rentals welcome! This unit is centrally located with easy access to Brentwood Mall, Deer Lake, SFU, BCIT, Metrotown, Burnaby General Hospital, transit , Central Park & Hwy 1. Don’t miss this!

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We are proud to announce that this Apr 30th, 2:00 PM to 4:00 PM we will be hosting an Open House at 8655 JONES ROAD in CATALINA in the Brighouse South neighborhood, Richmond. This is an opportunity to visit this excellent Apartment for sale in beautiful Brighouse South.

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Please come with any questions you may have. In the meantime you can take a virtual tour of this Brighouse South Apartment for sale.

As always please do not hesitate to give me a call at 604.644.1044 if I can answer any questions before the open house, or if you would like to book a private showing.

Alisa Sakamoto
REALTOR® RE/MAX WESTCOAST

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by Ephraim Vecina

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The latest study by TD Canada Trust revealed that around 13 per cent of buyers in Toronto and Vancouver purchased homes in a rush for fear of missing out on good picks before these grow too expensive for their budgets, underscoring a disturbing trend in Canada’s most active housing markets.
 
Meanwhile, fully one-fifth of the survey respondents indicated a degree of buyer’s remorse, saying that they might have dived headlong into the frenzy without taking stock of what they could actually afford.
 
The survey proponents strongly suggested a calmer and more measured approach on the consumers’ part, as panic buying might artificially inflate demand and prices, thus further placing homes out of the average household’s reach.
 
“It's understandable that house hunters don't want to miss out on buying their dream home, but that shouldn't come at a cost they can't really afford,” TD Canada Trust associate vice president Marc Kulak said in an interview with HuffPost Business Canada.
 
The price index certainly isn’t helping, as it rose sharply last month to 11.6 per cent in Toronto and 23.3 per cent in Vancouver. These accompanied a growth in March sales, with Toronto posting a 16.2 per cent increase and Vancouver a 27.4 rise.
 
Kulak advised prospective buyers to realistically assess their finances before they put down 20 per cent, which would help them save on mortgage insurance premiums.
 
“With careful planning and a good savings plan for a down payment, it is possible to get a property that works for them without ending up with buyers' remorse after they've closed the deal,” Kulak explained.

Looking for a REALTOR who knows the market? Call me today --604.644.1044 Alisa Sakamoto 

Courtesy of: http://www.canadianrealestatemagazine.ca/news/fear-of-missing-out-provokes-panic-buying--study-206194.aspx
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-by Justin da Rosa

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Investors in this market likely to enjoy even higher rents.

Condo rents in Toronto have increased 6.8% year-over-year as vacancy rates fell to 0.5%, according to Urbanation.

“The rental market is benefitting from strengthening fundamentals such as employment and population growth, but also quickly eroding affordability and intense competition in the ownership market,” Shaun Hildebrand, Urbanation’s senior vice president, said. “Even with record numbers of condos coming up for rent by investors, conditions have tightened, supporting increased rental development.”

The number of condos rented through the MLS system in Q1 of this year increased by 25% year-over-year to 6,163 units.

That follows a record 2015 when 27,155 units were rented – a 19% year-over-year hike.
For the fourth quarter in a row, condo leases outgrew total listings. The ratio of lease-to-listings hit a Q1 record of 78% -- up from 64% a year ago.

The average time on market also fell from 27 days to 23 days.

And developers are taking note of the trend.

“After purpose-built construction starts increased to a 25-year high of 3,476 units in 2015, applications for new rental developments surged by 40% in the first three months of 2016,” Urbanation said in a release. “A total of 4,284 units was added to the total proposed inventory of 14,753 rentals across 42 projects in the GTA. Vacancy rates within the 7,309 purpose-built units completed since 2005 averaged 0.5%.”

Looking for a REALTOR who knows how to market your home for maximum exposure?Call me today --604.644.1044 Alisa Sakamoto 

Courtesy of: http://www.canadianrealestatemagazine.ca/news/price-hikes-forcing-rent-increases-205859.aspx
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