krista@kristafreeborn.com
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Crest Realty Westside
Independently Owned and Operated
I have sold a property at 21318 32 AVE in Langley.
This GORGEOUS, TRANQUIL, 10.16 ACRE fenced farm will absolutely WOW you!! This is the perfect MODERN FARM you've been waiting for! Beautifully RENOVATED, this 4 bed, 3 bath home in the ALR is surrounded by FRUIT TREES, DECKS, a POOL, partially cross fenced MEADOWS, & a TREED CREEK great for livestock. The 4 STALL BARN with tack room will house your beloved horses. This 2 level home has huge windows bringing the outdoors in, VIEWS of the North Shore mountains & Mt. Baker, SKYLIGHTS, 2 FIREPLACES for cozy days & evenings, NEW ROOF, S/S APPLIANCES, gas range for the chef of the home, gorgeous master area with soaker tub, and so much more! See drone video. Call today to make this dream home a part of your reality!
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I have sold a property at 9015 204 ST in Langley.
This back yard will WOW you! So private & beautiful! Lovingly & meticulously maintained by the original owner, this 4 bedroom, 3 bathroom Walnut Grove home is turn key. New roof 2008, high efficiency furnace 2008, hot water tank 2010, washer/dryer 2012, & S/S kitchen appliances 2006. Built-in speaker system, closet organizers, mud room, double garage with shelving, central vacuum, 2 fireplaces for cozy evenings. Paved area at side of house has basketball net, or could be boat parking/extra storage. Close to all amenities...leave your car at home & walk to restaurants, coffee shops, theatres, parks just steps away. Nothing to do but unpack & start living your dream summer!
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I have listed a new property at 21318 32 AVE in Langley.
This GORGEOUS, TRANQUIL, 10.16 ACRE fenced farm will absolutely WOW you!! This is the perfect MODERN FARM you've been waiting for! Beautifully RENOVATED, this 4 bed, 3 bath home in the ALR is surrounded by FRUIT TREES, DECKS, a POOL, partially cross fenced MEADOWS, & a TREED CREEK great for livestock. The 4 STALL BARN with tack room will house your beloved horses. This 2 level home has huge windows bringing the outdoors in, VIEWS of the North Shore mountains & Mt. Baker, SKYLIGHTS, 2 FIREPLACES for cozy days & evenings, NEW ROOF, S/S APPLIANCES, gas range for the chef of the home, gorgeous master area with soaker tub, and so much more! Call today to make this dream home a part of your reality!
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I have listed a new property at 9015 204 ST in Langley.
This back yard will WOW you! So private & beautiful! Lovingly & meticulously maintained by the original owner, this 4 bedroom, 3 bathroom Walnut Grove home is turn key. New roof 2008, high efficiency furnace 2008, hot water tank 2010, washer/dryer 2012, & S/S kitchen appliances 2006. Built-in speaker system, closet organizers, mud room, double garage with shelving, central vacuum, 2 fireplaces for cozy evenings. Paved area at side of house has basketball net, or could be boat parking/extra storage. Close to all amenities...leave your car at home & walk to restaurants, coffee shops, theatres, parks just steps away. Nothing to do but unpack & start living your dream summer! Open house Sat June 17, 1-4pm & Sun June 18, 2-4
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Please visit our Open House at 9015 204 ST in Langley.
Open House on Saturday, June 17, 2017 1:00PM - 4:00PM
This back yard will WOW you! So private & beautiful! Lovingly & meticulously maintained by the original owner, this 4 bedroom, 3 bathroom Walnut Grove home is turn key. New roof 2008, high efficiency furnace 2008, hot water tank 2010, washer/dryer 2012, & S/S kitchen appliances 2006. Built-in speaker system, closet organizers, mud room, double garage with shelving, central vacuum, 2 fireplaces for cozy evenings. Paved area at side of house has basketball net, or could be boat parking/extra storage. Close to all amenities...leave your car at home & walk to restaurants, coffee shops, theatres, parks just steps away. Nothing to do but unpack & start living your dream summer! Open house Sat June 17, 1-4pm & Sun June 18, 2-4
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Please visit our Open House at 9015 204 ST in Langley.
Open House on Sunday, June 18, 2017 2:00PM - 4:00PM
This back yard will WOW you! So private & beautiful! Lovingly & meticulously maintained by the original owner, this 4 bedroom, 3 bathroom Walnut Grove home is turn key. New roof 2008, high efficiency furnace 2008, hot water tank 2010, washer/dryer 2012, & S/S kitchen appliances 2006. Built-in speaker system, closet organizers, mud room, double garage with shelving, central vacuum, 2 fireplaces for cozy evenings. Paved area at side of house has basketball net, or could be boat parking/extra storage. Close to all amenities...leave your car at home & walk to restaurants, coffee shops, theatres, parks just steps away. Nothing to do but unpack & start living your dream summer! Open house Sat June 17, 1-4pm & Sun June 18, 2-4
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I don't know about you, but I can't keep track of what all the symbols are for doing laundry.  So, this will certainly help me...I hope it helps you also.  

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I have sold a property at 1708 2008 FULLERTON AVE in North Vancouver.
Enjoy city and water view with Lions Gate Bridge and Grouse Mt in the background, from this bright & spacious 2 bdrm corner unit facing S/E. Fully renovated unit. Gated community w/24 hr security, ample contingency fund, indoor pool, hot tub, gym, workshop & sauna. This rarely available corner unit has 1 parking assigned. En suite storage. Beautiful surroundings, close to parks, schools, shopping & transportation. Excellent opportunity, great for living or investing. Exceptional and a must see!
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I have sold a property at 1141 8TH AVE W in Vancouver.
Welcome to "Fairview One". This beautiful townhome in prime Fairview Slopes has stunning water, city and mountain views. The layout is excellent with an open floor plan on the main floor. Other features include expansive windows and skylights, gas fireplace, laundry and an abundance of insuite storage. The exceptional location is convenient to Granville Island, transit, Canada Line as well as to the restaurants, shops and services of South Granville and West Broadway. A garage parking spot and storage locker are included. Your pets are welcome. Also easy to show by appointment.
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I have listed a new property at 1708 2008 FULLERTON AVE in North Vancouver.
Enjoy city and water view with Lions Gate Bridge and Grouse Mt in the background, from this bright & spacious 2 bdrm corner unit facing S/E. Fully renovated unit. Gated community w/24 hr security, ample contingency fund, indoor pool, hot tub, gym, workshop & sauna. This rarely available corner unit has 1 parking assigned. En suite storage. Beautiful surroundings, close to parks, schools, shopping & transportation. Excellent opportunity, great for living or investing. Exceptional and a must see!
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I have listed a new property at 1141 8TH AVE W in Vancouver.
Welcome to "Fairview One". This beautiful townhome in prime Fairview Slopes has stunning water, city and mountain views. The layout is excellent with an open floor plan on the main floor. Other features include expansive windows and skylights, gas fireplace, laundry and an abundance of insuite storage. The exceptional location is convenient to Granville Island, transit, Canada Line as well as to the restaurants, shops and services of South Granville and West Broadway. A garage parking spot and storage locker are included. Your pets are welcome. Also easy to show by appointment.
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Metro Vancouver housing market off to a quieter start than last year

Home sales and listings trends are below long-term averages in the Metro Vancouver* housing market. This is due largely to reduced activity in the detached home market.

Residential property sales in the region totalled 1,523 in January 2017, a 39.5 per cent decrease from the 2,519 sales recorded in January 2016 and an 11.1 per cent decrease compared to December 2016 when 1,714 homes sold.

Last month’s sales were 10.3 per cent below our 10-year January sales average.

“From a real estate perspective, it’s a lukewarm start to the year compared to 2016,” Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said. “While we saw near record-breaking sales at this time last year, home buyers and sellers are more reluctant to engage so far in 2017.”

New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,140 in January 2017. This represents a 6.8 per cent decrease compared to the 4,442 homes listed in January 2016 and a 215.5 per cent increase compared to December 2016 when 1,312 properties were listed.

The total number of homes currently listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver is 7,238, a 9.1 per cent increase compared to January 2016 (6,635) and a 14.1 per cent increase compared to December 2016 (6,345).

The sales-to-active listings ratio for January 2017 is 21 per cent. This is the lowest the ratio has been in the region since January 2015. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“Conditions within the market vary depending on property type. The townhome and condominium markets are more active than the detached market at the moment,” Morrison said. “As a result, detached home prices declined about 7 per cent since peaking in July while townhome and condominium prices held steady over this period.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $896,000. This represents a 3.7 per cent decline over the past six months and a 0.2 per cent decrease compared to December 2016. 

Sales of detached properties in January 2017 reached 444, a decrease of 57.6 per cent from the 1,047 detached sales recorded in January 2016. The benchmark price for detached properties is $1,474,800. This represents a 6.6 per cent decline over the last six months and a 0.6 per cent decrease compared to December 2016.

Sales of apartment properties reached 825 in January 2017, a decrease of 24.7 per cent compared to the 1,096 sales in January 2016.The benchmark price of an apartment property is $512,300. This represents a 0.3 per cent increase over the last six months and a 0.4 per cent increase compared to December 2016.

Attached property sales in January 2017 totalled 254, a decrease of 32.4 per cent compared to the 376 sales in January 2016. The benchmark price of an attached unit is $666,500. This represents a 0.4 per cent decline over the last six months and a 0.7 per cent increase compared to December 2016.
 
Download the full stats package by clicking here.

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I have sold a property at 506 12 WATER ST in Vancouver.
This loft is AMAZING! Two walls of floor to ceiling windows brings the outdoors in! One wall opens up and disappears, giving indoor/outdoor living to the balcony. This is tree house living at its finest! This 2 bedroom + flex, 2 bathroom loft is truly special, and must be seen! Modern, high ceilings, concrete floors, Miele appliances, gas cook top for the urban chef, wall oven, air conditioning. This building has the coolest courtyard in town, with restaurants & coffee bar patios surrounding it. Walk for dinner, drinks, coffee . . . meet your friends without having to drive! Walk downtown... Amenities at your fingertips! 1 parking stall. Call me now to view this unique loft before it is gone!
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The government just announced...
 
The government will lend the buyer funds equal to the down payment up to $37,500, or 5% of the purchase price. The loan will be secured by a second mortgage with no payments over the first 5 years. The amortization period for the second mortgage will be 25 years, and payments will start in year 6. Buyers must be preapproved for an insured high ratio first mortgage and use the property as their principal residence. 
 
Applications do not start until Jan 16, 2017 and loans advanced from Feb 15, 2017 to March 31, 2020. The Buyer must be a Canadian citizen or permanent resident for at least 5 years, resided in BC for at least 12 months, make less than $150,000 (as a family) and must be pre-approved for the first mortgage before applying.
 
Stay tuned for more details as they arise.
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Canada’s Housing Market Outlook for 2017

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HIGH DEMAND AND LOW SUPPLY CONTINUED TO CHARACTERIZE VANCOUVER’S AND TORONTO’S HOUSING MARKETS THROUGHOUT 2016 AS COMPETITION FROM BUYERS FOR LIMITED INVENTORY OF SINGLE-FAMILY HOMES PUSHED PRICES HIGHER.

The average residential sale price increased 13 per cent in Greater Vancouver to approximately $1,020,300 and rose 17 per cent in the Greater Toronto Area (GTA) to an estimated $725,857. Although demand remains high in both urban centres, limited inventory in the freehold market, the new 15 per cent foreign-buyer tax in Vancouver and the recent tightening of mortgage rules by the federal government are expected to soften market activity in the short term. In 2017, RE/MAX estimates average residential sale price will increase by two and eight per cent in Greater Vancouver and the GTA respectively.

Regional markets in close proximity to Canada’s highest-price cities continued to experience steady interest from local move-up buyers and buyers from these cities (“move-over” buyers) who are looking to find a balance between affordability and square footage. This year there were considerable year-over-year average price increases in Barrie (16 per cent), Hamilton-Burlington (20 per cent), the Fraser Valley (20 per cent) and Kelowna (14 per cent).

Regulation changes at both the provincial and federal level towards the end of 2016 are already starting to impact activity in certain markets. The 15 per cent foreign-buyer tax is expected to slow this trend somewhat, as price appreciation declines in Vancouver have resulted in some potential sellers staying in the Lower Mainland. The ripple effect of the foreign-buyer tax can also be felt in the upper end of the GTA and Montreal markets as some foreign investors are expected to look for properties in these regions rather than Vancouver. Measures taken by the federal government to tighten mortgage insurance criteria for new home buyers is expected to temper local rst-time buyer activity across the country in the short term, but is not expected to have a long-term impact in most regions.

Home ownership remains a priority for Canadians, with 53 per cent of respondents in a recent RE/MAX survey conducted by Leger expressing intent to purchase a home and 47 per cent expressing intent to do so in the next five to 10 years. Nearly one in three (30 per cent) Canadians plan to use the purchase of a home as an investment strategy to help fund their retirement, and 42 per cent of millennial respondents view it as a retirement funding strategy. A proportion of Canadians would also consider unconventional home financing options to realize their dream of ownership such as: purchasing a home with a family member (33 per cent); renting a room on a vacation rental site like Airbnb (15 per cent); renting out a room in their home (22 per cent); or even purchasing a home with a roommate (9 per cent).

The housing markets in Calgary and Edmonton remained relatively stable, with moderate declines in the number of sales and average residential sale price as a result of the prolonged recovery of the oil sector over the past two years. The average residential sale price in Edmonton decreased slightly, by two per cent year-over-year in 2016, while Calgary’s average residential sale price decreased by four per cent. Buyer activity is expected to pick up slightly in the second half of 2017 if employment opportunities in the oil sector continue to gradually come back to the province.

High inventory continues to be a factor in many regions including Regina, Montreal, Saint John and St. John’s, offering a good selection of product to first-time and move-up buyers in these cities. Local infrastructure projects and initiatives, such as preparations for Montreal’s 375th anniversary celebrations in 2017, are anticipated to provide a boost to these economies and their real estate markets next year.

The RE/MAX 2017 average residential sale price expectation for Canada is an increase of two per cent as Canadians continue to see home ownership as an important milestone as well as a good investment.

 
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PROTECT YOURSELF: STRATA WATER DEDUCTIBLE REVIEW REMINDER
Strata FloodThe majority of strata Annual General Meetings are coming up over the next few months presenting an ideal opportunity for strata lot owners to verify that their home owner insurance policy water deductible coverage matches that of the strata corporation's master building policy and if not advise their insurance broker immediately. 

The BC Strata Property Act requires that any AGM Notice includes a copy of the strata corporation's insurance policy summary. This summary page will include a notation on what the building’s current water deductible amount is.Depending on any resultant water damage claims filed in the past policy year and the extent of damage, this deductible amount can increase to a staggering amount from the previous year. It is not uncommon for strata's today to have a deductible in the $50,000 to $100,000 range from the days of when they were $5,000 to $25,000.  

WHY IS THIS IMPORTANT TO YOU AS A STRATA OWNER?
Deductible assessment coverage is an additional coverage that has become increasingly important in light of the increasing cost and frequency of resultant water damage claims. For example, if the building is damaged due to a water leak, the strata corporation would generally file a water damage claim with its own insurance company.
Section 158 of the Strata Property Act states that the insurance deductible in respect of a claim is a common expense, but the strata corporation may sue an owner in order to recover the deductible portion of an insurance claim if the owner is responsible for the loss or damage that gave rise to the claim. Two landmark BC court decisions in 2007 determined that the strata corporation need not prove negligence in order to determine owners' responsibility. A strata corporation may sue a strata lot owner to recover the insurance deductible even though the owner was not negligent and merely caused or brought about the events that resulted in the damage.

To remove ambiguity and potentially save on future legal expenses, some strata corporations have passed bylaws that clarify that owners are strictly liable for damage to common property that originates in their units.

CONCLUSION
It is therefore important that all strata owners review the building policy and advise their insurance broker of the building deductible amounts to ensure their unit policy includes sufficient coverage for all building deductibles including water damage. This information is included in the insurance summary report within the NOTICE of Annual General Meeting that strata corporations are required to provide strata lot owners prior to the Annual General Meeting. Some strata buildings due to frequent or a single extensive resultant water damage claim are now facing water damage deductibles of $50,000 to $100,000.

ADDITIONAL COVERAGE FOR YOU TO CONSIDER
Additional coverage riders available to strata unit owners that are well worth considering are:
  • Increased unit improvements and betterments coverage insures upgrades to the unit a
  • Loss assessment coverage typically pays the owner's share to cover major property and liability losses on common property that may exceed the strata corporation's policy limits.
  • Request your insurance broker to advise you of any other additional riders that you should consider.
SOURCE: Insurance Brokers Association of BC
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I have sold a property at 904 120 16TH ST W in North Vancouver.
Here is your chance to own a LARGE, BRIGHT, SE CORNER UNIT in the coveted SYMPHONY building, with GORGEOUS OCEAN VIEWS to Stanley Park & Lions Gate Bridge! Beautiful NEW HARDWOOD floors, WALL TO WALL WINDOWS, 9' CEILINGS, open concept, sit-up bar in kitchen, granite counters, ROOMS LARGE ENOUGH FOR YOUR HOUSE SIZED FURNITURE, 2 FULL BATHROOMS. Heat, hot water, gas stove & fireplace included in strata fees. 2 BALCONIES, 2 PARKING STALLS, 1 locker, visitor parking. Quiet, well run building. Lots of room if you are upsizing. Downsizers, you will have no problem living here! Leave your car at home & walk to cafes, restaurants, shops, grocery stores! Open house Sat/Sun Nov 19 & 20th, 2-4pm.
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Please visit our Open House at 904 120 16TH ST W in North Vancouver.
Open House on Saturday, November 19, 2016 2:00PM - 4:00PM
Here is your chance to own a LARGE, BRIGHT, SE CORNER UNIT in the coveted SYMPHONY building, with GORGEOUS OCEAN VIEWS to Stanley Park & Lions Gate Bridge! Beautiful NEW HARDWOOD floors, WALL TO WALL WINDOWS, 9' CEILINGS, open concept, sit-up bar in kitchen, granite counters, ROOMS LARGE ENOUGH FOR YOUR HOUSE SIZED FURNITURE, 2 FULL BATHROOMS. Heat, hot water, gas stove & fireplace included in strata fees. 2 BALCONIES, 2 PARKING STALLS, 1 locker, visitor parking. Quiet, well run building. Lots of room if you are upsizing. Downsizers, you will have no problem living here! Leave your car at home & walk to cafes, restaurants, shops, grocery stores! Open house Sat/Sun Nov 19 & 20th, 2-4pm.
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Please visit our Open House at 904 120 16TH ST W in North Vancouver.
Open House on Sunday, November 20, 2016 2:00PM - 4:00PM
Here is your chance to own a LARGE, BRIGHT, SE CORNER UNIT in the coveted SYMPHONY building, with GORGEOUS OCEAN VIEWS to Stanley Park & Lions Gate Bridge! Beautiful NEW HARDWOOD floors, WALL TO WALL WINDOWS, 9' CEILINGS, open concept, sit-up bar in kitchen, granite counters, ROOMS LARGE ENOUGH FOR YOUR HOUSE SIZED FURNITURE, 2 FULL BATHROOMS. Heat, hot water, gas stove & fireplace included in strata fees. 2 BALCONIES, 2 PARKING STALLS, 1 locker, visitor parking. Quiet, well run building. Lots of room if you are upsizing. Downsizers, you will have no problem living here! Leave your car at home & walk to cafes, restaurants, shops, grocery stores! Open house Sat/Sun Nov 19 & 20th, 2-4pm.
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