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Assessment Reveals Top 10 Most Expensive Properties In BC

B.C.’s Property Assessment Reveal the Most Expensive Homes Around British Columbia

Every year all the properties in the province get assessed by B.C. Assessment and this years list featured the most valuable properties in British Columbia.

From high rise penthouses to Point Grey mansions, B.C is stacked with unbelievably beautiful, and unbelievably expensive properties. Topping the list is a property in Point Grey Rd. at a whopping $75.8 Million. This property was valued at around $12 Million last year.

Vancouver’s top 100 properties featured 14 multi-million dollar homes on Point Grey Rd. making it one of the most exclusive streets in B.C.

B.C.’s most valuable Condo is located on Thurlow St. overlooking Coal Harbour. This view will cost you $25.2 Million. Fraser Valley’s most expensive home comes in at $24.5 Million and is located in Grandview Heights in Surrey.

Here is The Assessement Top 10 Multi-Million Dollar Properties in Bc by Area

  1. 3085 Point Grey Rd. Vancouver – $75.8 Million
  2. 4707 Belmont Ave Vancouver – $69.2 Million
  3. James Island Vancouver Island – 51.6 Million
  4. 3330 Radcliffe Ave. in West Vancouver – $35.2 million
  5. 3101-277 Thurlow St. in Vancouver. – $25.2 million
  6. 17146-20 Ave. in Surrey – $24.5 million
  7. 3195 Humber Rd. in the Victoria – $14.3 million
  8. 4358 Hobson Rd., Kelowna – $9.2 million
  9. 1251 Lake Dr. near Invermere – $5.4 million
  10. 7516 259 Rd. in Fort St. John – $2.7 million

90,000 homeowners around B.C. are getting sent warning letters about rising assessments.

Many single family Homeowners are seeing a significant increase in the assessed values of their properties, with increases as much as 30 to 50 percent.

Increases to residential strata properties will be in the range of 15 to 30 percent.

Areas hardest hit by Assessment:

  • Vancouver
  • The North Shore
  • Squamish
  • Burnaby
  • The Tri-Cities
  • Richmond
  • Surrey

That is the market value of those homes as of July 1 of 2016. What might be happening for instance today or next month in any given market would be reflected in the 2018 assessment roll. – Jason Grant, assessor for the Greater Vancouver region

This increase in property value do not automatically translate into an increase in property taxes. Tax value is determined by other factors like your property value compared to your neighbours.

Notification letters will go out to homeowners whose property assessments have gone up much more than others in their area.

To get more information about your property assessment, please contact Nuvola.

Decato 2358 Western Av, North Vancouver

DISCOVER ~ DECATO

2358 Western Av, North Vancouver

 

DECATO is a new townhouse development in North Vancouver by HRA Developments Inc. 18 Units are now available to purchase.

The world of convenience is at your finger tips with Decato Townhomes while exuding a luxurious home just steps from everything you need in Central Lonsdale.

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Nuvola Capitanio - Decato 2358 Western Av, North Vancouver - Building Image - 004

 

All homes come with 3 bedrooms (radiant heat) , stainless steel appliances, smart home features, and home access underground parking.

 

2358 Western Av, North Vancouver
Townhouse
$949,000
North Vancouver
Central Lonsdale
3
3
2016

Basement

  • Concrete floor to wall sealed with spray foam
  • Steel reinforced concrete foundation walls with damp proof sealer as per engineer approved drawings

Framing

  • Wood frame
  • Wooden staircase

Floors

  • High density engineered hardwood prime quality from China (rooms)
  • Top quality ceramic tiles, less than 0.5 water observation which will avoid moisture (bathrooms)

Cabinetry

  • Lacquer door high end MDF carcass

Electrical

  • Smart home system
  • Pre wired for alarm system

Lighting

  • Pre-selected building lighting package
  • 4″ pot lights all over house

Heating

  • Radiant heating
  • HRV systems

Exterior Sidine

  • Combination of grade one prime quality Nichiha & Caillou (high end stained wood)

Roof

  • Torch-on roof (as per drawings)

Walls

  • Interior: woo walls with spray foam insulation
  • Exterior: 5.5″ spray foam insulation

Accessories

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Download the PDF Floor Plans Here

Specification-List-Decato-Project-Updated.pdf

Nuvola-Capitanio-Decato-2358-Western-Av-North-Vancouver-Floor-Plan-002.pdf

Nuvola-Capitanio-Decato-2358-Western-Av-North-Vancouver-Floor-Plan-001.pdf

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Contact Nuvola For A Private Showing

Contact Nuvola

December Is A Good Time To Buy A Home In The Fraser Valley

Nuvola Capitanio - Buying a home in December December Home Buying

December is an amazing time of the year. The colours are rich, the air is fresh, and everyone is busy planing the holiday events.

A common question I’ve been getting lately from some of my buyers is, “Should I put off my home search until after the Christmas holidays?” That’s a great question and since more than one person asked me the same question this week, I thought I’d write this post as there may be a couple of you out there also wondering the same thing.

Here’s my opinion:

There is never going to be the perfect time to buy a house. Mortgage rates could always be lower, homes could be cheaper and you could always wait a little longer to see how the market shifts. All that being said you’re still thinking about buying a home.

So you’ve been looking for a while now and it’s the middle of November. Should you stop looking since the market is slowing down and everyone is getting ready for the Christmas season or should you continue your search for a new home?

While many buyers postpone their search until the new year and undecided sellers put their listing plans on hold until the spring, Christmas is actually a great time to buy a home and negotiate a good deal!

Christmas is a tonic for our souls. It moves us to think of others rather than of ourselves. It directs our thoughts to giving. ~ B. C. Forbes

It’s true, inventory may be slightly lower as most homeowners prefer to wait in order to list their home however those who are selling in December are very motivated to do so whether it be for financial reasons or job relocation. These homes are priced to sell!

You see, the Christmas season is known for social events, family dinners and very busy schedules entertaining guests. The last thing you want on your mind is making sure your home is perfectly clean and having to leave your home for hours at a time on short notice to allow for showings.

This is exactly why if you’re on the hunt for the perfect home you may want to look twice as hard during the Christmas holidays. Any of the active listings during the month of December means the sellers are seriously motivated to sell.

Furthermore, since many buyers have put their search on hold until after the holidays, you have less competition when it comes to putting in offers allowing for more negotiating powers when it comes to price and you’ll have a better chance at getting the closing dates you want.

So go ahead, call your realtor and let them help you buy your dream home this Christmas, after all we both know you deserve it! 🙂

 

Are you a first time home buyer? Here is a great article about: Advice For The First Time Home Buyer

JUST SOLD! 319 5516 198 STREET LANGLEY

JUST SOLD! 319 5516 198 STREET LANGLEY

Fully Renovated 1 Bdrm & Den at Madison Villas.

Updates include flooring, kitchen cabinets, built-in entertainment unit, custom closet organizers, tile & cabinets in bathroom, Hunter-Douglas blinds, baseboards, paint, the list goes on… this is a must see unit that shows like new! This unit also features a built-in air conditioner, granite counter tops throughout, in suite laundry, stainless steel appliances and a great balcony for BBQing. Den is big enough for home office or nursery. In a great location close to transit and shopping

Contact Nuvola For More Information

    SOLD! 9502 MCNAUGHT ROAD CHILLIWACK

    SOLD! 9502 MCNAUGHT ROAD CHILLIWACK

    Spacious solid home on a .25 Acre lot! Covered entryway, Main floor has 3 bedrooms, 2 bathrooms, living room, dining room, kitchen and laundry. 2 bedroom suite down with full kitchen and laundry hookups. Great covered deck off the kitchen that overlooks the large fenced back yard, and mountain views. Lots of parking and room for RV or boat too! Good location close to schools, and just minutes to town

    Open House #17 7811 209 Street Willoughby Heights Langley

    Open House #17 7811 209 Street Willoughby Heights Langley.

    Hi guys I’m hosting an open house for The Schreder brothers this weekend

    Sunday October 16 from 2-4 pm

    Stop by and take a look at this beautiful 2 bedroom Townhome with roof top patio. This listing is very close to Willoughby Town Center. Contact me Today for more details

    9066 144A Street Bear Creek Green Timbers Surrey

    Just Sold: 9066 144A Street Bear Creek Green Timbers Surrey

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    Beautifully renovated and spacious 3 bedroom, 3 bathroom home in Green Timbers- Bear creek.

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    Situated on a quiet and peaceful street close to shops, schools and parks. This home features an open concept floor plan with the kitchen overlooking a huge outdoor patio perfect for entertaining. This recently renovated home is in great condition and has been updated throughout the years, the roof is 16 years old, windows replaced in 2009, brand new skylights were added in 2013 to the already gorgeous back yard and the appliances are less than 5 years old. This is the perfect home for both young and old.

    Open house Thurs Aug 4th 5-7 pm, Sat 12-2 pm and Sunday 2-4 pm.

    Looking for a great home with the perfect outdoor space? Look no further! Contact Nuvola About This Property & More in This Neighborhood.

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    113 5655 210A Street Salmon River Langley

    New Listing: 113 5655 210A Street Salmon River Langley

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    TOP 5 REASONS Why this is the Perfect Investment or Savvy Buyer Opportunity.

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    1. STYLE: Ground Floor, TOWNHOME STYLE – FOR THE PRICE OF A CONDO.
    2. NEIGHBOURHOOD: Located in the heart of Langley, Cornerstone is Centrally located Close to Shopping, Recreation & Kwantlen College, PLUS Easy access to Hwy 1, Fraser Hwy and Hwy 10.
    3. DESIGN: LIKE NEW! NO GST. Featuring 9′ ceilings, Stainless Steel Appliances, Quartz Countertops, Laminate flooring and Large private patio Facing Courtyard (Best Location).
    4. GREAT DEVELOPER! Built by Marcon, with over 25 years of building experience, remainder of 2-5-10 warranty.
    5. PARKING: 2 PARKING STALLS, 1 Storage Locker Included!

     

    OPEN HOUSE: Oct 1: 2-4 PM & Oct 2: 1-3 PM.

    Contact Nuvola Now

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    Avoid These 6 Mistakes When You Up-Size To a Larger House

    6 Mistakes to Avoid When Trading Up to a Larger Home

    Unlike the experience of buying a first home, when you’re looking to move-up, and already own a home, there are certain factors that can complicate the situation.

    It’s very important for you to consider these issues before you list your home for sale.

    Not only is there the issue of financing to consider, but you also have to sell your present home at exactly the right time in order to avoid either the financial burden of owning two homes or, just as bad, the dilemma of having no place to live during the gap between closings.

    In this report, we outline the six most common mistakes homeowners make when moving to a larger home.

    Knowledge of these six mistakes, and the strategies to overcome them, will help you make informed choices before you put your existing home on the market.

    Mistake 1: Rose-colored glasses

    Most of us dream of improving our lifestyle and moving to a larger home. The problem is that there’s sometimes a discrepancy between our hearts and our bank accounts.

    You drive by a home that you fall in love with only to find that it’s already sold or that it’s more than what you are willing to pay. Most homeowners get caught in this hit or miss strategy of house hunting when there’s a much easier way of going about the process.

    For example, find out if your agent offers a Buyer Profile System or House-hunting Service, which takes the guesswork away and helps to put you in the home of your dreams.

    This type of program will cross-match your criteria with ALL avail-able homes on the market and sup-ply you with printed information on an on-going basis. A program like this helps homeowners take off their rose-colored glasses and move into the home of their dreams in an affordable way.

    Mistake 2: Failing to make necessary improvements

    If you want to get the best price for the home you’re selling, there will certainly be things you can do to enhance it in a prospective buyer’s eyes. These fix-ups don’t necessarily have to be expensive.

    But even if you do have to make a minor investment, it will often come back to you ten-fold in the price you are able to get when you sell. It’s very important that these improvements be made before you put your home on the market.

    If cash is tight, investigate an equity loan that you can repay on closing.

    Mistake 3: Not selling first

    You should plan to sell before you buy. This way you will not find yourself at a disadvantage at the negotiating table, feeling pressured to accept an offer that is below-market value because you have to meet a purchase deadline.

    If you’ve already sold your home, you can buy your next one with no strings attached.

    If you do get a tempting offer on your home but haven’t made significant headway on finding your next home, you might want to put in a contingency clause in the sale con-tract which gives you a reasonable time to find a home to buy.

    If the market is slow and you find your home is not selling as quickly as you anticipated, another option could be renting your home and putting it up on the market later – particularly if you are selling a smaller, starter home.

    You’ll have to investigate the tax rules if you choose this latter option. Better still, find a way to eliminate this situation altogether by getting your agent to guarantee the sale of your present home (see point number 5 below).

    Mistake 4: Failing to get a pre-approved mortgage

    Pre-approval is a very simple process that many homeowners fail to take advantage of.

    While it doesn’t cost or obligate you to anything, pre-approval gives you a significant advantage when you put an offer on the home you want to purchase because you know exactly how much house you can afford, and you already have the green light from your lending institution.

    With a pre-approved mortgage, your offer will be viewed far more favorably by a seller – some-times even if it’s a little lower than another offer that’s contingent on financing. Don’t fail to take this important step.

    Mistake 5: Getting caught in the Real Estate Catch 22

    Your biggest dilemma when buying and selling is deciding which to do first. Point number 3 above advises you to sell first. However there are ways to eliminate this dilemma altogether.

    Some agents offer a Guaranteed Sale Trade-Up Program that actually takes the problem away from you entirely by guaranteeing the sale of your present home before you take possession of your next one.

    If you find a home you wish to purchase and have not sold your current home yet, they will buy your home from you themselves so you can make your move free of stress and worry.

    Mistake 6: Failing to coordinate closings

    With two major transactions to coordinate together with all the people involved such as mortgage experts, appraisers, lawyers, loan officers, title company representatives, home inspectors or pest inspectors the chances of mix-ups and miscommunication go up dramatically.

    To avoid a logistical nightmare ensure you work closely with your agent.

    Advice For The First Time Home Buyer

    You are buying your first home. Congratulations!

    You’ve saved a down payment, but now where do you start? What should you do first?

    While you’re excited to get started, it can also seem overwhelming. So let’s talk a little about the process and take some of the mystery out of it.

    The first step is to find a lender

    You might start with the bank you already use for your checking or savings accounts. You could also ask friends and family…anyone who has bought a home or refinanced would be a good source of information for you.

    The goal is to find out how much you can qualify for and what it will cost to buy. There are many online calculators, but they only look a small part of the package, a mortgage broker will talk with you in depth.

    Once they qualify you, you will receive a pre-qualification letter that you will use to write offers.

    Once you know how much you can afford, it’s time to contact a real estate agent

    Again, referrals are a good resource. You can also look online and start contacting agents in your area.

    Your real estate agent is going to help you with one of the largest financial transactions in your life, so make sure you talk with a few.

    A good working relationship is important as well as their experience and market knowledge. The right agent can save you thousands with their negotiation skills and experience.

    As you begin your search for your first home, it’s important to note that buying a house is not a single decision….it’s a series of decisions.

    As long as the answers to the questions continue to be “yes” then you’ll move through the process. When an offer is accepted by all parties, you will then start the real work of the transaction.

    You will have contingencies to the sale which include

    • the home inspection
    • appraisal, termite report
    • home owners association rules
    • insurance
    • loan approval
    • seller disclosures and others

    All these issues will be explored during the contingency period.

    During this time, your deposit is protected. If anything is discovered that makes you unwilling to continue the sale, then you cancel the transaction and the deposit is refunded. All contingencies are removed in writing, so rest assured that if you have not signed a release which says that you are protected.

    When you first meet with your agent, talk about these items. Ask about the process and how they manage a transaction.

    It’s important to find an agent with the experience to handle any issues that might come up. They should have a list of professional inspectors and other vendors that they can recommend to make sure that you are getting the best information possible about the home and conditions which could affect it.

    Buying your first home is exciting. By finding the right real estate agent and lender, it can also be a simple process.

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