Downtown East

Downtown East Residential Market Stats

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Yaletown

Yaletown Residential Market Stats

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West End NW

West End Residential Market Stats

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Port Moody

Port Moody Residential Market Stats

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South Marine

vancouver-real-estate-for-saleLocation

South Marine stretches from West 49th Street at the North, to South West Marine Drive to the South, South West Marine Drive at the West to East Blvd down to West Blvd to Angus Drive across West 64th Ave to Granville Street at the East.

Parks

S.W Marine has four parks including, McCleery Park, Maple Grove Park, Arbutus Park & Riverview Park.

South Marine Residential Market Stats

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Failed the mortgage stress test? Alternative lenders await — at a price

This Article appeared Oct 18, 2016 on Global News and was written by Patrvancouver-real-estate-2ick Cain.

On Monday, stricter new federal rules about who can qualify for an insured mortgage took effect across the country. Now, all new mortgage applicants have to pass a ‘stress test,’ which tries to predict whether they can keep up with mortgage payments, at their current salary levels, if interest rates were to rise.

Low interest rates have fuelled red-hot real estate markets in south-central Ontario and, especially, Vancouver. As real estate values have skyrocketed in both places, uneasiness has grown about affordability and whether real estate has become a bubble economy.

READ: New federal mortgage rules come into effect today

Because of mortgage insurance guarantees, Ottawa has a stake in homebuyers not buying more than they can afford (leaving aside risks to the wider economy).

I want to make sure we are proactive in assessing and addressing the factors that could lead to excess risk,” federal finance minister Bill Morneau said of the changes.

Under the new rules, borrowers will be tested on their ability to pay their mortgage if rates were as high as the five-year posted mortgage rates among Canada’s largest banks, which currently average 4.64 per cent, according to the Bank of Canada.

So if the stress test limits won’t let you buy the house you have in mind (or any house at all), is that the end of the story?

Not necessarily, but the answer really depends on your attitude to risk, and debt.

Link to article here

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Quilchena

Location

Quilchena stretches from West King Edward at the north, West 37th Ave at the South, Puget Drive/Larch Street at the West & Maple Cres/Pine Cres along West 33rd Ave and down Marguerite Street at the East.

Quilchena Residential Market Stats

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Vancouver Westside

Vancouver Westside Market Stats

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Grandview Woodlands

grandiew-vancouver

Location

Grandview, also known as Grandview-Woodland is located in East Vancouver and is bordered at Venables Street at the North,
Clark Drive on the West, Nanaimo Street on the East & on the South.. 15th Ave, 16th Ave, Victoria Drive & Stainsbury Ave. Much of the neighbourhood is built on the rise that stretches east-west through the eastern portion of Vancouver, making for views across the city proper and the inlet.

Parks

Grandview has ten parks including Mosaic Park, Garden Park, Grandview Park & Victoria Park, Alice Townly Park, Mc Spadden Park, WC Shelly Park, Cedar Cottage Park, Clark Park, John Henry Park & is home to Trout Lake.

Grandview Residential Median Sales Prices

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Ladner

Ladner Residential Market Stats

The following chart represents all single family homes.

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