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New character house in kitsilano, 3 BDR up, 4 BDR Down, renovated, $1,488,000

May 30, 2011

Filed under: Vancouver — Richard Morrison @ 6:32 pm
We would like to inform you about an OPEN HOUSE this Sunday, March 20 2-4PM for our new listing- a GORGEOUS home, newly renovated, in Kitsilano!
  • Big Character home (3542 sq ft) on BIG Corner Lot: (40X122) in a convenient located in Kitsilano.
  • Undisturbed neighborhood, few blocks away from Broadway, Safeway, library, community centre, Connaught Park & schools!
  • Beautifully renovated with new kitchen countertops, kitchen counters, skylights, finished attic.
  • New drainage, new landscape, new basement flooring, new backyard landscaping + much more!
  • 3 Bedroom up and 4 bedroom down.

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Cheers!

Richard Morrison RE/MAX Team
604-767-3703
rjunior@telus.net

72% of income goes towards affording housing in Vancouver

May 24, 2011

Filed under: Real Estate Market,Vancouver — Richard Morrison @ 12:16 pm

Vancouver real estate homeowners are spending more than 72% of their household income on the costs associated with owning a home, says an RBC Economics Research report released Friday. The report – which found that owning a home became less affordable all across the country in the first quarter of 2011 – said the average costs in vancouver are now “testing the boundaries of rationality.” “We fear that the vancouver homes market is becoming increasingly disconnected from local demand conditions […]


Bank of Canada rate hike on hold for now…

Filed under: Burnaby,Mortgage Financing,North Vancouver,Richmond,Surrey,Vancouver — Richard Morrison @ 12:00 pm

The Bank of Canada’s plan to raise interest rates and exit its stimulus program has been delayed to September due to renewed uncertainty about the fiscal crunch in Europe and its potential spillover effects into Canada, the team at RBC Economics said Tuesday. Dawn Desjardins, assistant chief economist with RBC, expects the BoC to maintain its 1.00% rate until September, and has cut the forecast rate to 1.75% by the end of 2011 from 2.00%. RBC maintains expectations for the […]