July 2, 2013
New Restaurant to open at New West Station.
Hub coming to New Westminster
A successful Yaletown restaurant is opening a new location in Downtown New Westminster.
The Hub plans to open a 5,000-square-foot restaurant and lounge in the Shops at New Westminster by Dec. 1, according to co-owner Jennifer Marsh. It will be on the same level as the SkyTrain station, above Safeway.
Marsh said the New West restaurant will be twice the size of their Yaletown location, which started out as a Browns Socialhouse franchise...
June 26, 2013
Food Carts Storm New West on August 10th
While many of Vancouver’s food trucks are congregating at Food Cart Fest every Sunday until the end of September, up to 20 food carts will be heading to New Westminster for the city’s inaugural Columbia StrEAT Food Truck Fest on August 10.
Organized by the City of New Westminster, Downtown New Westminster BIA, and real estate development project Trapp + Holbrook, the event will feature street food, a beer garden, and live entertainment on Columbia Street between 4th and 6th streets.
June 25, 2013
Concerts at the Quay for Canada Day long weekend.
ARTICLE SOURCE: hyack.bc.ca
Concerts on the Quay presented by River Market
Westminster Quay Boardwalk – New Westminster, BC
Monday, July 1, Saturday, July 13 & Saturday, August 3
5:00pm – 9:00pm
Concerts on the Quay returns to the Westminster Quay boardwalk featuring top national and international recording artists. The series kicks off on July 1st with live performances plus a spectacular Canada Day fireworks display over the Fraser River at dusk.
Check out performances by this year’s headliners:
Monday, July 1 – WiL
Vancouver Island based musician WiL has lately become recognized with his original song “Roam”, flagship anthem to Travel Alberta’s...
October 25, 2012
Pier Park Gains Recognition
SOURCE: Original Article
Pier Park gets international recognition
New Westminster's Pier Park just missed making the short list of top six completed urban regeneration projects in the World Architecture News Awards. But it did get special mention from judge Martyn Evans, the marketing and creative director for Cathedral Group, a leading public private partnership development company in the UK, who said the park had come "a hell of a long way," from its...
October 3, 2012
Lower Mainland Stats Article
Metro's hot property zones giving up gains: expert
Sagging demand from home buyers is putting downward pressure on Lower Mainland real estate prices, but mainly in areas where prices had shot up faster than the rest of the region.
September home sales in Metro Vancouver were down eight per cent from August and have plunged 32.5 per cent from a year ago, according to the Real Estate Board of Greater Vancouver (REBGV).
August 15, 2012
New Westminster to get a Rona satellite shop.
Rona to open 'satellite' shop in New Westminster
Rona has chosen New Westminster as the location for its first “satellite” store in British Columbia.
In an effort to keep pace in the highly competitive home improvement business, Rona Canada recently announced a strategy of establishing satellite and “proximity” stores.
A sign has been put up on a storefront in the Columbia Square...
August 8, 2012
Concerts at the Quay coming to New Westminster waterfront
A new summer series, Concerts on the Quay, is being launched by the Hyack...
July 24, 2012
Great Globe and Mail Article regarding New Westminster Real Estate
LINK: The Lower Mainland has a new neighbourhood darling
At the New Westminster Quay Market, a photographic silk-screened montage by artist Ed Pien depicts idyllic scenes from the banks of the adjacent Fraser River. Billowing elegantly over the top of an escalator, the work is called New Paradise.
While that may be an ambitious moniker for the city of 66,000 at the geographic centre of the Lower Mainland, it is certainly becoming the region’s new real estate darling.
Affordability is a huge factor, as homes here are often $200 less per square foot than in Vancouver, and $100 less per square foot than in Burnaby – where Metrotown development has accelerated residential real estate prices. And at only 15 square kilometres, with an intact, largely Edwardian...
June 25, 2012
Duplex Price Reduction
Well today I was surfing through listing updates and noticed this duplex was lowered 50k to 635k. Looks like each side is about a 1500 sq. ft. 3 bedroom with a rec room in the basement. It's on a busy street and needs some renovations, but I believe with 20% down this property could possibly cover (depending on final sale price).
I am thinking about 1500$ per side per month and and have the renters pay the utilities. This would make 3000$ a month which could cover $500k in mortgage at today's rates plus roughly the property tax and insurance.
All that said I've not been inside the property yet and am not sure what level of work it requires, but it is a legal duplex on over 9000 sq ft. of RT-1 zoned land. You don't usually see these so cheap. The location is likely to blame,...
June 3, 2012
Stats Release by Real Estate Board of Greater Vancouver.
Spring activity remains balanced in the Greater Vancouver housing market
Monday, June 4, 2012
VANCOUVER, BC - The number of properties listed for sale continued to increase in the Greater Vancouver housing market in May. The number of sales decreased year over year, but remained relatively constant compared to recent months.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,853 on the Multiple Listing Service® (MLS®) in May 2012. This represents a 15.5 per cent decline compared to the 3,377 sales recorded in May 2011.
May sales were the lowest total for the month in the region since 2001 and 21.1 per cent below the 10-year May sales average of 3,617. However,...
May 28, 2012
Mortgage Rate Update: Tues. May 29th 2012
Mortgage rates are holding fairly steady these days and are still quite affordable. It's looking like the best rate you can find on a 5 year fixed mortgage is around 3.19% which would put a monthly payment at $484.15 per $100,000.00 of lending on a 25 year mortgage amortization.
For Example, if you bought a condo for $300,000.00 and put 20% down (60k) the mortgage would be roughly $240,000.00 and the monthly payment would be 2.4 x $484.15 equalling $1161.96 per month.
I personally expect these to slowly creep up as the year progresses due to evidence of economic growth.
If you want more information on current rates visit Stephen Ewen's site. He is...
August 9, 2011
WELCOME to the new site!
I've just started it up and it's under constant construction right now because I want there too be plenty of useful content for all the would be home buyers and sellers.
Please be patient with the site content, but the site itself is already a very usable tool and I already have the knowledge I plan on imparting so feel more than free to contact me by phone, email, or smoke signals and I'll handle any questions or concerns you have personally.
I'd also take suggestions on what sort of information people would find valuable in relations to treating all real estate like an investment. My goal is to have people aware of the numbers side of things including how to analyse their properties to see how well they pay off. It doesn't matter whether...