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Cell 778-636-7707 | EMAIL info@axelziba.realtor |

Jaroldi Gonzalez from Money.com emailed me and wanted to collaborate this written article with Money.com to be published in our blog. Well written article, although it is from US side of border but good pointers even for my fellow Canadians. 

Here is the outline of the full article.

The credit goes ro Money.com and to contact Jaroldi Gonzales, please vist her Linkedin: https://www.linkedin.com/in/jaroldi-gonzalez/


The Lowdown on Home Equity Loans


The most important thing to understand about a home equity loan is that a default on the loan means that you lose your home and will be forced out of it. Here are a few more helpful tips to help you understand home equity loans and if they are right for you.


HOME EQUITY LOANS: WHAT TO EXPECT


The good news is you can tap into your home equity by taking a home equity loan or opening up a home equity line of credit (HELOC). The bad news is you'll pay interest on the loan, and there are risks associated with taking equity out of your house. If you have a pressing financial need, it could make sense to accept those risks -- but be sure you know exactly what you're getting into.


One of the main benefits of taking out a home equity loan is that you can use the funds however you want. Also, since you’re using your home as collateral, interest rates tend to be much lower than those of unsecured debt, like personal loans and credit cards.


Some of the best uses for home equity loans include:


●      Consolidate High-Interest Debt

●      Home Renovations

●      Refinance Another Loan

●      Investing

●      Pay for Higher Education Expenses


When you apply for a home equity loan, there are five things lenders usually look at: your combined loan-to-value ratio (CLTV), debt-to-income ratio (DTI), credit score, available equity and proof of income.


And besides checking your CLTV, DTI, available equity and credit score, there are a few other things experts recommend you do, prior to applying for a home equity loan, like:


●      Getting an appraisal

●      Having everything in writing

●      Not opening or closing any accounts just before applying for a loan.


Fixed rate home equity loans and lines of credit can be a great way to get much-needed cash at a reasonable interest rate. Your home could be an untapped financial resource that can help you make improvements, pay for large expenses or even just take a vacation.


Our best advice is to make sure you fully research and understand all of your options to determine your best course of action. Contact us to find out more!

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Why Are Mortgage Rates Rising?


 


Over the past month, the Bank of Canada has lowered its overnight rate by a whopping 1.5 percentage points to a mere 0.25%. Many people expected mortgage rates to fall equivalently. The banks have reduced prime rates by the full 150 basis points (bps). But, since the second Bank of Canada rate cut on March 13, banks and other lenders have hiked mortgage rates for fixed- and variable-rate loans. That's not what happens typically when the Bank cuts its overnight rate. But these are extraordinary times.

The Covid-19 pandemic has disrupted everything, shutting down the entire global economy and damaging business and consumer confidence. No one knows when it will end. This degree of uncertainty and the risk to our health is profoundly unnerving.

Most businesses have ground to a halt, so unemployment has surged. Hourly workers and many of the self-employed have found themselves with no income for an indeterminate period. All but essential workers are staying at home, including vast numbers of students and pre-school children. Nothing like this has happened in the past century. The societal and emotional toll is enormous, and governments at all levels are introducing income support programs for individuals and businesses, but so far, no cheques are in the mail.

In consequence, the economy hasn't just slowed; it has frozen in place and is rapidly contracting. Travel has stopped. Trade and transport have stopped. Manufacturing and commerce have stopped. And this is happening all over the world.

What's more, the Saudis and Russians took advantage of the disruption to escalate oil production and drive down prices in a thinly veiled attempt to drive marginal producers in the US and Canada out of business. This has compounded the negative impact on our economy and dramatically intensified the plunge in our stock market.

Many Canadians are now forced to live off their savings or go into debt until employment insurance and other government assistance kicks in, and even when it does, it will not cover 100% of the income loss. The majority of the population has very little savings, so people are resort to drawing on their home equity lines of credit (HELOCs), other credit lines or adding to credit card debt. Businesses are doing the same.

The good news is that people and businesses that already have loans tied to the prime rate are enjoying a significant reduction in their monthly payments. All of the major banks have reduced their prime rates from 3.95% to 2.45%. So people or businesses with floating-rate loans, be they mortgages or HELOCs or commercial lines of credit, have seen their monthly borrowing costs fall by 1.5 percentage points. That helps to reduce the burden of dipping into this source of funds to replace income.

So Why Are Mortgage Rates For New Loans Rising?

These disruptive forces of Covid-19 have markedly reduced the earnings of banks and other lenders and dramatically increased their risk. That is why the stock prices of banks and other publically-traded lenders have fallen very sharply, causing their dividend yields to rise to levels well above government bond yields. As an example, Royal Bank's stock price has fallen 22% year-to-date (ytd), increasing its annual dividend yield to 5.31%. For CIBC, it has been even worse. Its stock price has fallen 30%, driving its dividend yield to 7.66%. To put this into perspective, the 10-year Government of Canada bond yield is only 0.64%. The gap is a reflection of the investor perception of the risk confronting Canadian banks.

Thus, the cost of funds for banks and other lenders has risen sharply despite the cut in the Bank of Canada's overnight rate. The cheapest source of funding is short-term deposits--especially savings and chequing accounts. Still, unemployed consumers and shut-down businesses are withdrawing these deposits to pay the rent and put food on the table.

Longer-term deposits called GICs, which stands for Guaranteed Investment Certificates, are a more expensive source of funds. Still, owing to their hefty penalties for early withdrawal, they become a more reliable funding source at a time like this. As noted by Rob Carrick, consumer finance reporter for the Globe and Mail, "GIC rates should be in the toilet right now because that's what rates broadly do in times of economic stress. But GIC rates follow a similar path to mortgage rates, which have risen lately as lenders price rising default risk into borrowing costs."  

To attract funds, some of the smaller banks have increased their savings and GIC rates. For example, EQ Bank is paying 2.45% on its High-Interest Savings Account and 2.55% on its 5-year GIC. Other small banks are also hiking GIC rates, raising their cost of funds. Rob McLister noted that "The likes of Home Capital, Equitable Bank and Canadian Western Bank have lifted their 1-year GIC rates over 65 bps in the last few weeks, according to data from noted housing analyst Ben Rabidoux."

The banks are having to set aside funds to cover rising loan loss reserves, which exacerbates their earnings decline. An unusually large component of Canadian bank loan losses is coming from the oil sector. Still, default risk is rising sharply for almost every business, small and large--think airlines, shipping companies, manufacturers, auto dealers, department stores, etc. 

Lenders have also been swamped by thousands of applications to defer mortgage payments. 

Hence, confronted with rising costs and falling revenues, the banks are tightening their belts. They slashed their prime rates but eliminated the discounts to prime for new variable-rate mortgage loans. Some lenders will no doubt start charging prime plus a premium for such mortgage loans. Banks have also raised fixed-rate mortgage rates as these myriad pressures reducing bank earnings are causing investors to insist banks pay more for the funds they need to remain liquid. 

An additional concern is that financial markets have become less and less liquid--sellers cannot find buyers at reasonable prices. The 'bid-ask' spreads are widening. That's why the central bank and CMHC are buying mortgage-backed securities in enormous volumes. That is also why the Bank of Canada has started large-scale weekly buying of government securities and commercial paper. These government entities have become the buyer of last resort, providing liquidity to the mortgage and bond markets.

These markets are crucial to the financial stability of Canada. Large-scale purchases of securities are called "quantitative easing" and have never been used before by the Bank of Canada. It was used extensively by the Fed and other central banks during the 2008-10 financial crisis. When business and consumer confidence is so low that nothing the central bank can do will spur investment and spending, they resort to quantitative easing to keep financial markets functioning. In today's world, businesses and consumers are locked down, and no one knows when it will end. With so much uncertainty, confidence about the future diminishes. The natural tendency is for people to cancel major expenditures and hunker down.

We are living through an unprecedented period. When the health emergency has passed, we will celebrate a return to a new normal. In the meantime, seemingly odd things will continue to happen in financial markets.

Credit to Simon Wong

Mortgage Consultant 

(778) 929-3678

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Maximizing Real Estate Experience
We Market locally & Globally.
Vancouver Real Estate Market Update for Feb 2020
 

"2020 starts with BIG demand"

Steady demand and low supply benefits home sellers

"Home buyer demand again saw strong year-over-year increases in February while the total inventory of homes for sale struggled to keep pace. This was most pronounced in the condominium market."
Ashley Smith, REBGV president

February saw steady home buyer demand and reduced home seller supply across Metro Vancouver*.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,150 in February 2020, a 44.9 per cent increase from the 1,484 sales recorded in February 2019, and a 36.9 per cent increase from the 1,571 homes sold in January 2020.

Last month’s sales were 15.6 per cent below the 10-year February sales average.

There were 4,002 detached, attached and apartment homes newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in February 2020. This represents a 2.8 per cent increase compared to the 3,892 homes listed in February 2019 and a 3.4 per cent increase compared to January 2020 when 3,872 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,195, a 20.7 per cent decrease compared to February 2019 (11,590) and a 6.7 per cent increase compared to January 2020 (8,617).

"Our Realtors are reporting increased traffic at open houses and multiple offer scenarios in certain pockets of the market. If you’re considering listing your home for sale, now is a good time to act with increased demand, reduced competition from other sellers, and some upward pressure on prices," says Smith.

For all property types, the sales-to-active listings ratio for February 2020 is 23.4 per cent. By property type, the ratio is 17.3 per cent for detached homes, 26.9 per cent for townhomes, and 28.4 per cent for apartments.

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,020,600. This represents a 0.3 per cent increase over February 2019 and a 2.7 per cent increase over the past six months.

Sales of detached homes in February 2020 reached 685, a 52.9 per cent increase from the 448 detached sales recorded in February 2019. The benchmark price for a detached home is $1,433,900. This represents a 0.7 per cent decrease from February 2019 and a 1.9 per cent increase over the past six months.

Sales of apartment homes reached 1,061 in February 2020, a 39.8 per cent increase compared to the 759 sales in February 2019. The benchmark price of an apartment property is $677,200. This represents a 0.9 per cent increase from February 2019 and a 3.6 per cent increase over the past six months.

Attached home sales in February 2020 totalled 404, a 45.8 per cent increase compared to the 277 sales in February 2019. The benchmark price of an attached home is $785,000. This represents a 0.6 per cent increase from February 2019 and a 1.7 per cent increase over the past six months.

 
 
Kitsilano Market Update 
Detached Homes:

Total of 7 Sold in month of Feb with 2 sales over $3m mark.
Click the image below to view the sales:
Attached Homes:
Condo

Total of 22 units Sold with 1 over over $2m mark.
Click the image below to see the solds:
 
Townhouse

Total of 10 units sold with nothing over $2M.
click the image below to see the solds:
 
Home Price Index (HPI) Dec
Click the graph to view
Snap Stat and Sale ratio Report 
Click the image below to open the PDF file 
Remember:
Above 20% is sellers market
15-20% is Balanced Market
Below 15% is Buyers market

Click on the photo below to access
 
Proudly Presenting Simon Wong, Mortgage Broker.

SIMON WONG

Manager Mortgage Specialist


Clear Trust Mortgages

600-1200 W 73rd Ave, Vancouver, BC V6P 6G5

Phone: (778) 929-3678

Email

simonwongmp@gmail.com

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I have listed a new property at 405 1175 Beach DR in Oak Bay.
Luxuriate in the grace & comfort of Oak Bay's premier oceanfront private residences. This is a unique sophisticated lifestyle opportunity which affords preferential access to dining, pool & spa facilities plus concierge service in Victoria's landmark hotel. No expense was spared in the rich design & uncompromising finishes to create an enticing 4th floor haven. Savour ocean & island views from your private balcony. The ideal open plan layout has ceilings reaching more than 16' in the living room with generous proportions for no-fuss living & good separation of the 2 bedrooms & 2 spa-like bathrooms. The kitchen is fit for a chef with its top-of-the-line stainless steel appliances - Wolf, Sub Zero, Asko & gorgeous granite counters. Additional storage & laundry in the suite. Bonus private double car garage in the underground parking. One dog or one cat is welcome. Near to Victoria Golf Club, Oak Bay Marina & the welcoming village of Oak Bay.
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I have listed a new property at 603 633 ABBOTT ST in Vancouver.
Located on the quiet side of the building, this two bedroom and den, two bathroom home has a serene and sunny outlook over the courtyard, complete with water features and greenery. Exceptionally well laid out floor plan features great separation between the bedrooms and a spacious kitchen with granite counters and stainless appliances. The building features some of the best amenities in the city; indoor lap pool, sauna, steam room, fitness centre, meeting room, and concierge. Tons of storage with THREE STORAGE LOCKERS(side-by-side) and one parking stall. You'll love the proximity to everything Vancouver has to offer, just a short walk to the Seawall, Rogers Arena, BC Place, groceries, transit, and restaurants. Pet and rental friendly.
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Maximizing Real Estate Experience
We Market locally & Globally.
Vancouver Real Estate Market Update for January 2020
 

"2020 starts with with demand"

Home sale activity up, supply down to start 2020

"We’ve begun 2020 with steady home buyer demand that tracks close to the region’s long-term average. Looking at supply, we’re seeing fewer homes listed for sale than is typical for this time of year. As we approach the traditionally more active spring market, we’ll keep a close eye on supply to see if the number of homes being listed is keeping pace with demand."
Ashley Smith, REBGV president

Home sale and price activity remained steady in Metro Vancouver* to start 2020 while home listing activity declined in January.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,571 in January 2020, a 42.4 per cent increase from the 1,103 sales recorded in January 2019, and a 22.1 per cent decrease from the 2,016 homes sold in December 2019.

Last month’s sales were 7.3 per cent below the 10-year January sales average.

There were 3,872 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in January 2020. This represents a 20.1 per cent decrease compared to the 4,848 homes listed in January 2019 and a 143.8 per cent increase compared to December 2019 when 1,588 homes were listed.

Last month’s new listings were 17.4 per cent below January’s 10-year average.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,617, a 20.3 per cent decrease compared to January 2019 (10,808) and a 0.2 per cent increase compared to December 2019 (8,603), and is 13.7 per cent below the 10-year January average.

For all property types, the sales-to-active listings ratio for January 2020 is 18.2 per cent. By property type, the ratio is 11.6 per cent for detached homes, 22.6 per cent for townhomes, and 23.9 per cent for apartments.

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,008,700. This represents a 1.2 per cent decrease over January 2019, a 1.4 per cent increase over the past six months, and a 0.8 per cent increase compared to December 2019.

Sales of detached homes in January 2020 reached 439, a 29.5 per cent increase from the 339 detached sales recorded in January 2019. The benchmark price for detached properties is $1,431,200. This represents a 1.7 per cent decrease from January 2019, a one per cent increase over the past six months, and a 0.5 per cent increase compared to December 2019.

Sales of apartment homes reached 814 in January 2020, a 45.6 per cent increase compared to the 559 sales in January 2019. The benchmark price of an apartment property is $663,200. This represents a one per cent decrease from January 2019, a 1.5 per cent increase over the past six months, and a one per cent increase compared to December 2019.

Attached home sales in January 2020 totalled 318, a 55.1 per cent increase compared to the 205 sales in January 2019. The benchmark price of an attached unit is $782,500. This represents a 0.7 per cent decrease from January 2019, a 1.6 per cent increase over the past six months, and a 0.5 per cent increase compared to December 2019.

 
Kitsilano Market Update 
Detached Homes:

Total of 2 Sold in month of Dec. 
 
Attached Homes:
Condo

Total of 13 Sold with nothing over 2m (biggest sale was $1,562,500)
 
 
Townhouse

Total of 3 was sold with nothing over 2M (biggest sale was $1,970,000)
 
 
Home Price Index (HPI) Dec
Click the graph to view
Snap Stat and Sale ratio Report 
Click the image below to open the PDF file 
Remember:
Above 20% is sellers market
15-20% is Balanced Market
Below 15% is Buyers market

Click on the photo below to access
 
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There are many reasons why real estate buyers prefer to live and find their next home in Kitsilano. Yet, reasonable dollar per square foot for condos and townhouses, good schools, proximity to work, and short distance to all shops on 4th Ave, and beautiful scenery at the Kits Beach and parks.

Speaking of Kits beach, there are many Kitsilano condo apartments for sale with water views and views of north shore mountains which is irritable.

There are so many schools in Kits and here is the list below:

List of Schools in Kits:

ELEMENTARY SCHOOLS IN KITSILANO

Bayview Elementary

2251 Collingwood Street, Vancouver, BC V6R 3L1
Phone: (604) 713-5433


Gordon Elementary – Also French Immersion

2896 West 6th Avenue, Vancouver, BC V6K 1X1
Phone: (604) 713-5403


Henry Hudson Elementary – Also French Immersion

1551 Cypress Street, Vancouver, BC V6J 3L3
Phone: (604) 713-5441


Tennyson Elementary – Also French Immersion

1936 West 10th Avenue, Vancouver, BC V6J 2B2
Phone: (604) 713-5426


SECONDARY SCHOOLS IN KITSILANO

There is only one elementary school in Kits – Kitsilano Secondary. It also offers French Immersion.

Kitsilano Secondary

2550 W. 10th Ave., Vancouver, BC V6K 2J6
Phone: (604) 713-8961


INDEPENDENT SCHOOLS IN KITSILANO

Fraser Academy

BC’s only day school dedicated to helping students in grades 1-12 with language-based learning disabilities, such as dyslexia.

2294 West 10th Avenue, Vancouver, BC V6K 2H8
Phone: (604) 736-5575


St. Augustine’s School

One of the oldest Catholic schools in Vancouver. Kindergarten through Grade 7.

2145 West 8th Avenue, Vancouver, BC V6K 2A5
Phone: (604) 731-8024


St. John’s International School

A high school focused on helping international students. Offers small class sizes and multi language support.

#300 – 1885 West Broadway, Vancouver, BC V6J 1Y5
Phone: (604) 683-4572

St. John’s School

This is a co-educational, independent school for kids in Kindergarten through Grade 12.

2155 W 10th Ave, Vancouver, BC V6K 2J1
Phone: (604) 732-4434

Things I love about Kitsilano:

  • The great energy of Kits Beach in every season. Walkers, joggers, stroller pushers, dog runners. It’s truly full of story in winter or summer touristy days.
  • Kitsilano Showboat. This is a summer event that offers great entertainment.
  • Kits pool. WOW! That one heck of a pool and scenery.
  • Shopping on 4th. On 4th Ave shopping, you’d find all café’s, restaurants, retail shops and juice bars. Many selections and they are all are great at their offer.
  • Yew St. restaurants and shops. Right by the Kits beach, on Yew St, there are many top places to dine.


What about investment point? Is real estate growing in value in Kitsilano?

We all heard real estate is about location! Location! Location! And Kitsilano real estate is one of the best in both whether finding a dream home to live in combine with one of the best investments. Keep in mind, investment depends on the product and the amount of $ an investor pays. There are some great development in Kits with newer homes and yet, there are many character homes that are characteristic of this beautiful neighborhood.


But most of all, the latest news is about the Sky train and its extension. We have the firm approval from the city and the build is under way for Arbutus sky train station. But that doesn’t end there, which making Arbutus in KItsilano a major station for commute, the city is negotiating with indigenous lands to continue the sky train line west to UBC.


This is an important factor for any investor who is buying a real estate in Kitsilano. Whether it is a condo for sale or a single family house for sale in Kitsilano, it certainly appreciates in value when the sub-area becomes one of the major commute route to UBC to East. For more info check out Kitsilano.ca


To find Kitsilano home for sale, simply go to MLS® search here and select Kitsilano as city.

Choose your budget and number of bed and bath preferred.


If you have pets and want to have no rental restriction, contact me and I do the search on your behalf.

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As a full time Vancouver REALTOR® I'm active mostly in Vancouver West. The map includes anything west of Cambie. In addition, I'm also specialized in some specific Vancouver neighborhoods where i do more of my real estate marketing.

This includes Kitsilano, Kerrisdale, Point Grey, Southlands, Yaletown and Coal Harbour.


In addition to all my loyal past client’s referral, I also do an active and extensive marketing for new prospects. My marketing and advertisement targets Vancouver real estate buyers and sellers. 

In this article i wish to address some of the questions the buyers prospect came across.


In my lead system, when a prospect buyer signs up to view Vancouver homes, in the backend of my system, i can analyze their search behavior. This is important to understand what these buyers are in for.


One of the worst Vancouver real estate search behaviors I come across, is they view with no target in mind.

My first reaction is to contact them and align their search assisting them to receive only homes they like. 

We get tremendous homes and condo listings for sale in Vancouver and this inventory is expanded specifically in a normal to a buyer’s market. So searching through all this homes with not knowing what it is you want as a buyer, can be very daunting.

Let me help and express a perfect solution for this common issue.


As a real estate buyer, it is important to go through the following questions and answer them as honestly as possible. If you’re a family, make sure to consult and consider everyone’s wish in the following.


-        The very first question is how much I/we can afford to buy a house in Vancouver.

This must be the first in mind as the rest of the questions are built upon this important step. Why? When you know your top budget, it would define the area, type of the product and many other aspects of your purchase. How would you determine your real estate budget? This is a simple step. As your Realtor, I can connect you with Vancouver’s top mortgage and financial consultants to help you understand all the financial obligations involved in purchasing a real estate process. (This includes amount of deposit required, closing costs, tax obligations, bank and government fees, and understanding the overall details on monthly and annual payment obligation as home owner.

-        Area and location

Now that we know your top budget (and of course this remains private and confidential), it is now the time to determine your neighborhood preferences. Vancouver is a big city with many small patches of neighborhood, each offering a very unique setting suitable for specific taste. Your lifestyle defines your location. For instance, if you’re a younger professional who prefers nightlife, access to easy transportation, then maybe Vancouver Downtown, Yaletown, West End is a good fit. And if you’re a growing family, with kids who require nearby school, local shops, quieter area and less traffic, Kitsilano could be a perfect fit. This may also change if you’re purchasing a real estate only as investment and planning to rent it out. In this article we are focusing on buy to live.

-        Type of Property

You know your budget and the area you certainly prefer. Now it is time into more detailed criteria. House or Condo? This is a great question which also depends on the budget, area and lifestyle. Let’s discuss this further. If you’re a younger professional who’s more focused on work, you may not have enough time to care and maintain a single family detached and or half duplex. Condo and or townhouse may be of a better choice as the strata fee payment, covers the exterior of the unit’s maintenance and care. If you’re a family with desire to live in a single family detach (SFD), area and budget come to play. If you have a budget under $2m and prefer West of Cambie, then maybe moving into a bigger townhouse, and or nice ½ duplex is a perfect fit for your budget and lifestyle. Both townhomes and ½ duplex although are part of a strata, offer more privacy, possible private outdoor area and much more affordable than a single family detached in Vancouver west. If you focus only on having a single family detached house with a budget under $2m, then looking to expanded neighborhood into East Vancouver or possible Burnaby area is more suitable.

-        Number of bedroom & bathroom

These criteria also depend on budget, location and lifestyle. A single professional may only need a one-bedroom unit with under $600k budget west of Cambie. A family with under $2m budget, may require 3 bedrooms and minimum of 2 bathrooms.

-        Pets and rental restriction

Many buildings in Vancouver built prior to 2009 have certain restriction on their bylaws. When purchasing, it is important to review the bylaws and know whether the complex and or strata allows certain pets, age restriction and rental restrictions. If you’re an investor who wishes to move in to the unit and maybe rent it out eventually, it is crucial to understand whether the complex and or condo for sale bylaws permit rentals.

-        Top floor or lower level?

Most buyers prefer higher levels. I personally suggest top floor level when a building is wood frame as the lower levels will certainly feel the above unit’s movement and noise, especially when the units are not carpeted. If you have a pet, small children and or have an elderly, being on a first floor offers a townhouse-like style where there may be a private yard and easier access. This is a suitable choice specifically when a building is concrete and there is no plumbing issues.

-        Unit Direction and light.

This is a subjective criteria and many buyers have selective choice on unit direction. In general North-East facing units offer morning daylight and South-west units afternoon light. It is certainly a matter of choice and what the buyer prefers. A buyer may prefer more light through after noon and the unit that is facing south-west could be facing another building with blocked views. Most Coal Harbour condos which offer water views, are facing East with limited daylight. Yaletown and North Shore, offer buildings with South, west facing, that offer water views. These choices maybe important for a buyer.

-        Number of Parking

Having a family with two vehicles, you certainly need minimum of parking access for two cars. Or a single professional working in downtown with no car, prefers living in Vancouver downtown island (including Yaletown, Cola Harbour, West End) may not even care whether the unit has parking or not.

-        Year of the property

The older building mostly are wood frame. It is important to review all strata documents including financials, depreciation report for any upcoming special assessments. This is crucial as the older building may require annual remediation for their balconies, exterior, rain screen, roof, elevator and such which are quite costly. Some older construction (including single family homes) have been fully renovated to the gut and offer a brand new living space. Depending on the buyer’s budget, location and lifestyle, having a ready to move-in home versus requiring some updates is important.


There are variety of desire and a wider wish-list a buyer may have. Such as pool, hardwood floors, air-conditioned, large balcony, quiet neighborhood, high ceiling, Electric Vehicle access, skylights and so on. Some maybe achievable and some may be impossible depending on budget & location. As your Realtor, I always ask my clients to have a list of rational must-have list and a wish-list separated based on their budget and if 80% of the wish-list is accommodated in a property they viewed, that home is a good potential.

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Maximizing Real Estate Experience
We expose your property locally & Globally.
Vancouver Real Estate Market Update for Dec 2019.
 

"Home sales decline below long-term averages in 2019 despite increased demand to end the year"

The Metro Vancouver* housing market experienced below average sales activity and moderate price declines in 2019.

The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment homes reached 25,351 in 2019, a three per cent increase from the 24,619 sales recorded in 2018, and a 29.6 per cent decrease over the 35,993 residential sales in 2017.

Last year’s sales total was 20.3 per cent below the region’s 10-year sales average.

"We didn’t see typical seasonal patterns in 2019. Home buyer demand was quieter in the normally busy spring season and it picked up in the second half of the year. In terms of home values, prices dipped between two and four per cent across the region last year depending on property type."
Ashley Smith, REBGV president

Home listings on the Multiple Listing Service® (MLS®) in Metro Vancouver reached 51,918 in 2019. This is a 3.2 per cent decrease compared to the 53,614 homes listed in 2018 and a five per cent decrease compared to the 54,655 homes listed in 2017.

Last year’s listings total was 7.6 per cent below the 10-year average.

“Home buyer confidence was a factor throughout the year. In the first quarter, many prospective buyers were in a holding pattern, waiting to see how prices would react to the mortgage stress test, new taxes, and other policy changes,” Smith said. “Confidence started to return in the summer, and we saw above average sales in the final quarter of 2019.”

The MLS® HPI composite benchmark price for all residential properties in Metro Vancouver ends the year at $1,001,000. This is a 3.1 per cent decrease compared to December 2018.

The benchmark price of apartments decreased 2.7 per cent in the region last year. Townhomes decreased 2.4 per cent and detached homes decreased four per cent.

REBGV reports that residential home sales in the region totalled 2,016 in December 2019, an 88.1 per cent increase from the 1,072 sales recorded in December 2018, and a 19.3 per cent decrease from the 2,498 homes sold in November 2019.

Last month’s sales were 9.5 per cent above the 10-year December sales average.

There were 1,588 detached, attached and apartment properties newly listed for sale on the MLS® in Metro Vancouver in December 2019. This represents a 12.9 per cent increase compared to the 1,407 homes listed in December 2018 and a 46.8 per cent decrease compared to November 2019 when 2,987 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,603, a 16.3 per cent decrease compared to December 2018 (10,275) and a 20.1 per cent decrease compared to November 2019 (10,770).

For all property types, the sales-to-active listings ratio for December 2019 is 23.4 per cent. By property type, the ratio is 15.2 per cent for detached homes, 25.7 per cent for townhomes, and 32.5 per cent for apartments.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

Sales of detached homes in December 2019 reached 599, a 72.1 per cent increase from the 348 detached sales recorded in December 2018. The benchmark price for detached properties is $1,423,500. This represents a four per cent decrease from December 2018, and a 0.6 per cent increase compared to November 2019.

Sales of apartment homes reached 1,053 in December 2019, a 96.8 per cent increase compared to the 535 sales in December 2018. The benchmark price of an apartment property is $656,700. This represents a 2.7 per cent decrease from December 2018, and a 0.8 per cent increase compared to November 2019.

Attached home sales in December 2019 totalled 364, a 92.6 per cent increase compared to the 189 sales in December 2018. The benchmark price of an attached home is $778,400. This represents a 2.4 per cent decrease from December 2018, and a 0.7 per cent increase compared to November 2019.

 
Kitsilano Market Update 
Detached Homes:

Total of 1 Sold in month of Dec. 
 
Attached Homes:
Condo

Total of 9 Sold with nothing over 2m (biggest sale was $1,562,500)
 
 
Townhouse

Total of 2 was sold with nothing over 2M
 
 
Yaletown Market Update 
Attached Homes:
Condo & Townhouse

Total of 28 Sold with 3 listings over $2m and one at $3,400,000
 
Home Price Index (HPI) Dec
Click the graph to view
Snap Stat and Sale ratio Report 
Click the image below to open the PDF file 
Remember:
Above 20% is sellers market
15-20% is Balanced Market
Below 15% is Buyers market

Click on the photo below to access
 
August Mortgage Rate 
The mortgage rate update is the courtesy of Patrick Wong & Ivan Chiu of RBC with over 20 years of experience helping variety of home buyers.
Contact them below:
Ivan Chiu & Patrick Wong
ivan.chiu@rbc.com OR patrick.t.wong@rbc.com
604-307-0373
Your Home Evaluation Tool Kit.
Click on the image below.
I'd be happy to provide you the recently sold properties in your area. If you want an accurate pricing of your property, provide me with a full details of what you've done to upgrade and any other info that helps me valuate your home.
This is a no obligation service.
All i ask, is to consider me as your candidate when ready to sell or purchase.
Get your evaluation now
Searching for properties made easy
Search homes at a palm of your hand easily with my home search App.
Click on the photo below to start.
Or simply go to https://search.maxitrealtyhome.com
and see the tutorial on how you can search for any properties.
Featured Listings
3280 Ripon Road
$5,200,000
4 bed 5 bath
Victoria Prestigious Uplands 
Situated on one of Uplands most prestigious streets, in a private gated 38,000 sq.ft estate, this property impresses from the moment you enter its gates. This southern Georgian style brick exterior haven was fully custom-designed and built in 2013. This home offers an expansive floor-plan on over 5000 sq.ft . The moment you enter through its dramatic 20’ entryway one finds themselves transported to a bygone era. Inspired by the luxury of old hollywood this home is adorned with imported marble, hand selected chandeliers and lighting from New York and Los Angeles, and bespoke Marble fireplaces that bring a level of warmth and intimacy to every room. Large chef inspired gourmet kitchen with designer finishings throughout, this property redefines understated luxury, in a way that is unparalleled in the marketplace today.
Cordova Bay, in Victoria BC
$1,818,000
Custom-Built, Executive prestigious west Coast Modern Contemporary home with high quality finishes with solid Cherry Wood flooring throughout. You’d feel amazed at the vaulted entrance with wide solid wood door, to open and bright skylight entry way. Open concept formal living with dual sided natural gas fireplace, making both formal eating area & formal guest area super cozy. Floor to ceiling windows bring plenty of natural light. Granite countertop with stainless appliances and an open kitchen is ideal for entertainment & family gathering. Spacious Master bedroom in on main, with spa shower and large walk-in closet is pleasantly facing the private backyard and its own entry way to enjoy the morning coffee in the nature. Upstairs you’d walkthrough 2 other bedrooms and a large multi-use, flex room with wet bar & a bright and open large deck bringing sun-light. Central Vac, Heat pump, Central Music station, attached garage with built-in cabinets, laundry room and the list goes on.
3280 Beach Dr.
$2,388,000
This delightful Uplands rancher has been beautifully renovated by the current owners. The home is surrounded by floor to ceiling glass with numerous skylights, providing a warm natural light & highlighting the many fine features the home affords. Elegant formal living room with fireplace & ocean views. Kurupayra hardwood & fir flooring. Upscale European style kitchen & dining room with a bank of French doors leading to a southwest facing patio & manicured gardens. Generous master bedroom with fir flooring, views of the yacht club & Loon Bay, gas fireplace & ensuite. Southwest facing patio & pergola for outdoor entertaining. This home offers a wonderful retreat for those seeking upscale one level living in a picturesque setting.
4461 Shore Way
Victoria BC

$4,680,000
Spectacular OCEANFRONT & OCEAN VIEWS. This jewel located by Gordon Point & in a very quiet street. Enjoy watching whales right from your living room. You’ll be impressed from round driveway entry, welcoming you to your oasis & to your 3 car garage. Front door invites you to an open floor plan with high ceiling entrance & bright skylights, beautiful mix of stonework & hardwood heated flooring throughout the entire house, 2 large duel-sided fireplaces, and the blue water views from every angle. Large kitchen with high quality finishes, perfect for entertainment. A separate completely self-contained in-law suite on the main level and master bedroom covering the entire upper floor. Enjoy your serene & lush garden in the backyard facing the ocean while relaxing by your private pool under the Victoria Sun.
 
Uplands, in Victoria BC
$2,599,000
Beautiful well cared for family home laying over a level & private 24,829 sqft corner lot in the most sought after neighborhood of Oak Bay, Uplands. Friendly layout & perfect floor plan with formal Living room, Dining room, office/library (possible formal guest room with fireplace) & 3 bedrooms, one to be the master with ensuite & walk-in closet on the main level. Beautiful original hardwood floors & crown molding throughout the main level, French doors and a lovely fireplace makes you feel at home.
Lower level offers 4th bedroom with Den/office (large enough for a bedroom consideration), large rec-room & wet bar & another fireplace, Large Laundry-room/mud-room with walkout door to the spectacular backyard, 2 storages & a large potential workshop.
Enjoy an afternoon relaxing tea, on your beautiful sunny garden with walkways, lawns & hedges. Close to Loon Bay Park & Royal Victoria Yacht Club.
 
 
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Vancouver Real Estate Market Update for Nov 2019.
 

"We started to see more home buyer confidence in the summer and this trend continues today. It’ll be important to watch home listing levels over the next few months to see if supply can stay in line with home buyer demand."
Ashley Smith, REBGV president

Metro Vancouver home sales return to historically typical levels

After a quieter first half of 2019, home buyer activity has returned to more historically typical levels in Metro Vancouver*.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,498 in November 2019, a 55.3 per cent increase from the 1,608 sales recorded in November 2018, and a 12.6 per cent decline from the 2,858 homes sold in October 2019.

Last month’s sales were four per cent above the 10-year November sales average.There were 2,987 detached, attached and apartment homes newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in November 2019. This represents a 13.7 per cent decrease compared to the 3,461 homes listed in November 2018 and a 26.7 per cent decrease compared to October 2019 when 4,074 homes were listed.

 

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 10,770, a 12.5 per cent decrease compared to November 2018 (12,307) and a 12 per cent decrease compared to October 2019 (12,236).

For all property types, the sales-to-active listings ratio for November 2019 is 23.2 per cent. By property type, the ratio is 17.2 per cent for detached homes, 24.9 per cent for townhomes, and 29.3 per cent for apartments.

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“In today’s market, the intensity of home buyer demand depends on neighbourhood, property type, and price point,” Smith said. “To better understand the changing trends in your neighbourhood and property type of choice, it’s important to work with your local REALTOR®.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $993,700. This represents a 4.6 per cent decrease from November 2018 and a 1.3 per cent decrease over the past six months.

Sales of detached homes in November 2019 reached 825, a 59.9 per cent increase from the 516 detached sales recorded in November 2018. The benchmark price for a detached home is $1,415,400. This represents a 5.8 per cent decrease from November 2018, a 0.5 per cent decrease over the past six months, and a 0.3 per cent increase compared to October 2019.

Sales of apartment homes reached 1,222 in November 2019, a 50.9 per cent increase compared to the 810 sales in November 2018. The benchmark price of an apartment home is $651,500. This represents a 3.8 per cent decrease from November 2018, a 1.9 per cent decrease over the past six months, and a 0.2 per cent decline compared to October 2019.

Attached home sales in November 2019 totalled 451, a 59.9 per cent increase compared to the 282 sales in November 2018. The benchmark price of an attached home is $772,800. This represents a 4.4 per cent decrease from November 2018, a 0.8 per cent decrease over the past six months, and a 0.2 per cent increase compared to October 2019.

 
Kitsilano Market Update 
Detached Homes:

Total of 3 Sold in month of Nov. 
 
Attached Homes:
Condo

Total of 19 Sold with nothing over 2m (biggest sale was $1,259,000)
 
 
Townhouse

Total of 6 was sold with nothing over 2M
 
 
Yaletown Market Update 
Attached Homes:
Condo & Townhouse

Total of 41 Sold with Nothing over $2m
 
Home Price Index (HPI) Sept
Click the graph to view
First Time Home Buyer's Incentive Program 
The Canadian federal government has introduced the First-Time Homebuyer’s Incentive Program beginning on September 2, 2019; a housing loan meant to encourage new homebuyers, most of whom are millennials, to enter the real estate market. The primary goal of the FTHBI program is to make housing more accessible for first-time buyers. The program comes at a much-needed moment as housing affordability continues to dampen sales at all price points.
To see more info please go CTV link below:
https://www.ctvnews.ca/politics/here-s-what-you-need-to-know-about-the-first-time-home-buyer-incentive-1.4574508
August Mortgage Rate 
The mortgage rate update is the courtesy of Patrick Wong & Ivan Chiu of RBC with over 20 years of experience helping variety of home buyers.
Contact them below:
Ivan Chiu & Patrick Wong
ivan.chiu@rbc.com OR patrick.t.wong@rbc.com
604-307-0373
 
Your Home Evaluation Tool Kit.
Click on the image below.
I'd be happy to provide you the recently sold properties in your area. If you want an accurate pricing of your property, provide me with a full details of what you've done to upgrade and any other info that helps me valuate your home.
This is a no obligation service.
All i ask, is to consider me as your candidate when ready to sell or purchase.
Get your evaluation now
 

Nov 3 was the end of daylight saving. Did you adjust your time?
Read more HERE

 
Searching for properties made easy
Search homes at a palm of your hand easily with my home search App.
Click on the photo below to start.
Or simply go to axelrealtor.ca
and see the tutorial on how you can search for any properties.
 
Snap Stat and Sale ratio Report 
Click the image below to open the PDF file 
Remember:
Above 20% is sellers market
15-20% is Balanced Market
Below 15% is Buyers market

Click on the photo below to access
 
 
 
 
I wanted to thank everyone for their loyalty and support, helping shaping Maxit Realty. 
Maxit Realty was born in June this year where I implemented all local & global marketing strategies as competitive advantage.

I'm proud to announce that Maxit Realty, as a local Brokerage one of the rare brokerages exist in real estate council of BC where it is a member of dual boards. This include the membership with Vancouver as well as Victoria Real Estate Board. What does it mean to you?
As a client whether buyer or seller, you take advantage of both markets and all the brokerages exclusivity of both city using Maxit Realty. It exclusively benefits  Maxit Realty seller's Clients where they get their home marketed not only through Vancouver Real Estate Board bonuses, but also through all the perks of what Victoria Real Estate Board offers.  Being active in both market is Maxit Realty's sole competitive edge where not many brokerages can claim.

As Maxit Realty's Managing Broker, I also implemented all the syndication on international level. This means your home, will be syndicated exclusively through Maxit Realty to all and every global top sites, like Juwai, Mansion Global, James Edition, REW, Homes, Point2Homes, Listit, Zooky, and more than 150 other top real estate sites. In addition Maxit Realty have an exclusive relationship with WeChat Marketing group where over 50,000+ Chinese (local & overseas) member through Realtoraccess site, Real estate channel to feature your home on TV and many other perks we can discuss when you're ready to list.
 

Furnace Efficiency and Maintenance 
It's that time of the year

You can almost hear the hum of furnaces in homes throughout North America cranking up for the colder months ahead. It is especially important to have furnaces inspected and properly maintained to ensure that they run efficiently and safely. Here are some pointers to get the most out of a furnace:

Simple Ways to Improve Efficiency: 
Home heating, especially with a gas furnace and your location, can represent half or more of a typical home’s winter utility bill. Efficient operation can mean lower energy bills and a more comfortable home. Programmable thermostats can be used to automatically turn heat up or down at specified times, so that the temperature is lowered overnight or while no one is at home. The newest types of thermostats can be operated via smartphone or tablet and can even “learn” the preferred temperature for different times of day. Now that’s a “Hot Trend”.

Thermostats should be calibrated occasionally to avoid “off-cycle” heat loss. A properly calibrated thermostat will result in more even heating between the on/off cycles, which is more efficient and more comfortable. Read More Here

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Maximizing Real Estate Experience
We expose your property locally & Globally.
Vancouver Real Estate Market Update for Oct 2019.
 

“Home buyers have more confidence today than we saw in the first half of the year,” says Ashley Smith, REBGV president. “With prices edging down over the last year and interest rates remaining low, hopeful home buyers are becoming more active this fall.”
Ashley Smith, REBGV president

Home buyer activity increases in October

The Metro Vancouver housing market is experiencing a fall pickup in home sale activity.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,858 in October 2019, a 45.4 per cent increase from the 1,966 sales recorded in October 2018, and a 22.5 per cent increase from the 2,333 homes sold in September 2019.

Last month’s sales were 9.8 per cent above the 10-year October sales average.

There were 4,074 detached, attached and apartment homes newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2019. This represents a 16.4 per cent decrease compared to the 4,873 homes listed in October 2018 and a 16.3 per cent decrease compared to September 2019 when 4,866 homes were listed.


The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 12,236, a 5.8 per cent decrease compared to October 2018 (12,984) and a nine per cent decrease compared to September 2019 (13,439).

For all property types, the sales-to-active listings ratio for October 2019 is 23.4 per cent. By property type, the ratio is 17.3 per cent for detached homes, 26.2 per cent for townhomes, and 29 per cent for apartments.

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.


“The recent uptick in home sales is moving us into a more historically typical market,” Smith said. “Both sale and listing activity is trending around our long-term averages in recent months.”


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $992,900. This represents a 6.4 per cent decrease from October 2018, a 1.7 per cent decrease over the past six months, and a 0.2 per cent increase compared to September 2019.


Sales of detached homes in October 2019 reached 938, a 47.3 per cent increase from the 637 detached sales recorded in October 2018. The benchmark price for a detached home is $1,410,500. This represents a 7.5 per cent decrease from October 2018, a 1.3 per cent decrease over the past six months, and a 0.3 per cent increase compared to September 2019.


Sales of apartment homes reached 1,384 in October 2019, a 40.5 per cent increase compared to the 985 sales in October 2018. The benchmark price of an apartment home is $652,500. This represents a 5.9 per cent decrease from October 2018, a 2.2 per cent decrease over the past six months, and a 0.2 per cent increase compared to September 2019.


Attached home sales in October 2019 totalled 536, a 55.8 per cent increase compared to the 344 sales in October 2018. The benchmark price of an attached home is $771,600. This represents a 5.8 per cent decrease from October 2018, a 0.4 per cent decrease over the past six months, and a 0.5 per cent increase compared to September 2019.

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I have listed a new property at 3280 Ripon RD in Victoria.
Situated on one of Uplands most prestigious streets, in a private gated 38,000 sq.ft estate, this property impresses from the moment you enter its gates. This southern Georgian style brick exterior haven was fully custom-designed and built in 2013. This home offers an expansive floor-plan on over 5000 sq.ft . The moment you enter through its dramatic 20’ entryway one finds themselves transported to a bygone era. Inspired by the luxury of old hollywood this home is adorned with imported marble, hand selected chandeliers and lighting from New York and Los Angeles, and bespoke Marble fireplaces that bring a level of warmth and intimacy to every room. Large chef inspired gourmet kitchen with designer finishings throughout, this property redefines understated luxury, in a way that is unparalleled in the marketplace today.
Read full post

Condominium is a kind of hybrid between an apartment and a house. It provides some similar features as apartment living. Many people love Condo life for a varied reasons.


Most homeowners are busy on weekends while mowing their lawns, painting the house, trimming hedges, cleaning gutters, pruning trees, raking leaves, and shovelling snow and so on. On the other hand, when you are living in condomium, there is an association that usually perform all such tasks and most of the maintenance needs for which monthly fees are all condo owners.


As condo apartment Kitsilano are usually densely packed and smaller in size and hence, they are often located closer to amenities like cultural activities, shopping, entertainment and job opportunities, so condo owners find it easy to commute to local amenities. As home is surrounded by many other units, there will be people living above and below your units and there is greater likelihood of mingling socially. 


Before buying a condo, it is important to ask lots of questions to know if the condos are managed effectively by the association. If Buying a condo say Fairview 1 Bedroom Penthouse Condos is cheaper than buying a compatible house and hence if your budget is limited, but you want to own a home, condos are great choice.


There are many prominent places to buy consos in Vancover such as Marpole, Gastown, West End, Shaughnessy, Mount Pleasant and lot more. Condo apartment kitsilanois a popular choice as Kitsilano is a famous destination for beach lovers and home to Kits Beach and Jericho Beach.


People are often attracted to condo apartment Kitsilano for its bustling and diverse neighbourhood. It is good to connect with real estate agent to find the best condo offers in your preferred location.

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Ranked frequently as one of the most liveable place globally, Vancouver has been ranked as the best city to live in North America. Yale town is situated in thesouth-eastern portion of downtown bordered by Homer St. to the west. It is one of the most popular neighbourhoods in Vancouver and is home to the city's trendiest restaurants, bars and nightspots, hip shopping boutiques, and celebrity


A majority of residents in down town are young professionals between 20 and 40 years old. There is also growing number of small families in the city. Cooper's Park and Helmcken Park are two main parks perfect for city views and for walking your dog, little or otherwise. When it comes to buy home in Vancouver, there are many townhouses in Yaletown Vancover and homes Kitsilano Vancouver among the popular choices of the home buyers.


Kitsilano is a city of Vancouver also known as kits is among the top ten beach cities in the world. It is also one of the organic food hubs


Townhouses in Yaletown Vancouver and homes Kitsilano Vancouver offers ideal opportunities to those looking for glamour of city life with all modern amenities.


Townhouses in Yaletown Vancouver are less expensive than single family homes and also townhouse owners have to pay lower utility bills as town home shared walls help prevent heat loss. Buying home is a wiser decision than paying rent as eventually you will become owner of the property. There are many realtors that can help you in buying the best homes within budget.

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I have listed a new property at 4850 Story LANE in Victoria.
Custom-Built, Executive prestigious west Coast Modern Contemporary home with high quality finishes with solid Cherry Wood flooring throughout. You’d feel amazed at the vaulted entrance with wide solid wood door, to open and bright skylight entry way. Open concept formal living with dual sided natural gas fireplace, making both formal eating area & formal guest area super cozy. Floor to ceiling windows bring plenty of natural light. Granite countertop with stainless appliances and an open kitchen is ideal for entertainment & family gathering. Spacious Master bedroom in on main, with spa shower and large walk-in closet is pleasantly facing the private backyard and its own entry way to enjoy the morning coffee in the nature. Upstairs you’d walkthrough 2 other bedrooms and a large multi-use, flex room with wet bar and a bright and open large deck bringing sun-light. Central Vac, Heat pump, Central Music station, attached garage with built-in cabinets, laundry room and the list goes on.
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I have listed a new property at 3280 Beach DR in Victoria , Oak Bay.
Surrounded by Floor to ceiling glass windows and numerous skylights, this Uplands Victoria ONE LEVEL RANCHER HOME is full of warm natural light with beautiful views of Royal Victoria Yacht Club Marina just across from Loon Bay Park. Elegant living room with vaulted ceiling, a cozy fireplace and ocean views. Euro-style kitchen with unique wood work, is opened to nature by bank of French doors leading to a southwest facing patio & beautifully landscaped backyard gardens. Generous size master bedroom with fireplace, En-Suite Bathroom and water views. This home offers a wonderful retreat for those seeking upscale one level living in a picturesque setting. Move-in Ready and immediate Possession accomodated.
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In the current real estate market in Vancouver, there is lot of buzz about buying and investing in MLS condo for sale in Vancouver. Prospective customers looking for Vancouver apartments for sale are investing in condos as they are economical and user friendly options. Modern condos provide bets of the facilities and amenities which you may not get in single homes.


You don’t need to spent time in maintenance as the work is taken by the other people, you just need to pay some fee for it such as shovelling snow, mowing the lawn or repairing outside structures.


Many major costs are shared by the residents and a major portion of it goes to reserve fund and is utilised for major repairs like replacing windows and roofing without additional costs to owners.


MLS condos for sale in Vancouver provides many facilities such as gaming areas, recreation areas fir elderly people and lot more. It gives you than rent. Common areas like pools and recreation rooms offer opportunities to socialize with neighbours. There are many condo developments catering specific groups like young professionals, families and older adults.


Some amenities like swimming pool, theatre and basketball court are not found in average home or apartment building. Condos enhances your lifestyle by providing modern amenities and facilities at the shared cost, so one can afford them easily.

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I have listed a new property at 3601 7358 EDMONDS ST in Burnaby.
Assignment of contract at KINGS CROSSING by CRESSEY - One of a kind, 3 bedrooms 2 baths sub-penthouse with Custom Floor Plan created by combining two units in one. Wide plank wood laminate flooring provides gorgeous continuity in all living areas and bedrooms. Front-loading Energy efficient whirlpool washer-dryer. Forced air heating & cooling keeps you comfortable year round. Cressey Kitchen including Integrated chef’s wall with key appliances at eye level with easy to clean quartz countertop and white ceramic backsplash with under-cabinet lighting. Bathrooms are equipped with Modern sinks with polished chrome faucets Wood-grained laminate floating vanity and under-cabinet lighting. No need for vacations as Kings Crossing will be resort living in your own home with Burnaby's premiere amenity package including basketball court, squash court, gym, outdoor amphitheater, rooftop gardens, and concierge services. 2 parking, 1 storage, and ask about the CREDIT ON COMPLETION
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When you are thinking of selling your home, hiring a professional REALTOR® is the most important step. There is a process to sell your home successfully and it starts with engaging and communicating with your real estate agent. 


Here is a little about Axel Ziba:

I pride myself in having the core of competency, the Knowledge, Skills and Ability. And for that my purpose is to help and assist my clients in every step of the real estate process. This requires to be relied upon, accountable and resourceful.

This is in addition to my charismatic, friendly and responsiveness character, which has been my secret treasure.

I always go above and beyond, doing more than I promise, thinking outside of the box and make creative marketing strategies like no other. Based on new & upcoming technology and demographical approach to real estate, the industry is changing and requires tremendous ability in navigating through this new demand and competition to standout. My IT and familiarity with technology based on my background benefits my clients in every way possible.

With my hospitality and retail executive management background, I successfully maneuver through the transactions, providing extreme value.

The new real estate is about what’s ahead. Carefully analyzing data will unfold a perfect path to understand and awareness of any upcoming changes. Being educated on these alterations and variables, affect the client’s decision making. Are you looking at your back mirror or your windshield? I’ll make sure to be your perfect GPS guide in this driving route.


How do I use my extensive marketing to sell your home?

-       Strategy 1:

Extraordinary Photography and Videography, highlighting the best features of your property in comprehensive detail.

-       Strategy 2:

3D Virtual Tour is the best way to invite potential buyers from anywhere in the world to visit your property details and inside 24/7. Just like a non-stop open house.

-       Strategy 3:

Exposing and sharing your property with international and global buyers in addition to local purchasers. This is one of Maxit Realty competitive advantages in comparison to other brokerages. 99% of buyers refer to online when it comes to searching for properties. I have an extensive knowledge on how to syndicate and reciprocate your home in highly visited sites. Why stop locally when we can reach global potential purchasers. sites like Juwai.com, Point2homes, Real Estate Channel, Mansion Global, James Edition, REW, Homes.com, Ideal Estate and our own Realtor.ca are the top real estate searches.

-       Strategy 4:

Exposing and sharing your property through my expanded network locally in Vancouver & Victoria, and globally through my expansive connection is my advantage to be able to share properties to top performing brokers.

-       Strategy 5:

Stronghold social media and extreme technology implementation. Your property will be viewed locally and globally in every existing platform, including and exclusively in WeChat, Instagram, Facebook, Pinterest, LinkedIn, Reddit, Twitter and much more


These marketing& strategies are above and beyond my exclusive advantages of pricing, local market knowledge, and preparation of your home for sale. 

Want to know more, contact me today to maximize your real estate experience.

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This video is a short tutorial clip on how to search for house and or condo for sale in Vancouver BC. This MLS® integrated platform is super easy to navigate and is very user-friendly. 


Start by going to axelrealtor.ca and on the main menu bar on top of the page, select MLS® Search tab.


This will take you to a page with Vancouver map and selective tabs on top to change and assign all you are looking for in your next home. You can assign your criteria such as price, location, type of home and many other details to narrow down your home search.


axelrealtor.ca is one of the leading best REALTOR® sites to search for your next home. In addition to all available and currently listed MLS® data, it also provides all SOLD listings nearby for your comparison and knowlesge. 

It also has a neighborhood information, data charts of amenities, school catchement, walk score and many other useful information to help buyers navigate their desired dream home.


Alternatively, you can contact Axel Ziba, managing broker, full time REALTOR® and provide the full detail fo your wishlist. Axel will set your search directly from our Paragon system offered through Vancouver Real Estate Board where you can see all the details directly off of MLS® integrated system.


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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.