SOLD! 7220 Cavelier Court 3 Bed 3 Bath House for Sale in Richmond BC

This property is now SOLD

7220 Cavelier Court
Richmond BC, V7C 4J8, Canada

RICHMOND BC HOMES
GREATER VANCOUVER BC REAL ESTATE FOR SALE
House | Townhouse | Apartments-Condos | Real Estate
Richmond | Vancouver | Ladner | Tsawwassen

Thank you for visiting our video. We specialize in the purchase and sale of residential housing in Richmond, British Columbia. Whether you are relocating within Richmond, searching for an investment property, or leaving Richmond for another area, my experience can help you make the right decisions. Please contact us or take your time exploring my channel and make use of the resources available to you.

Please visit:
http://www.michaelcowling.com or
http://www.michaelcowling.com/7220-cavelier-court-richmond-bc/
for more information.
Call Michael Cowling at 604-276-2335 or email him at mc@michaelcowling.com for showings.

Property Information:
Sub Area: Thompson
MLS® No.: V1080511
Bedrooms: 3
Bathrooms: 3
House sq.ft.: 1,948
Lot sq. ft.: 7,979 sq.ft. lot


Description:
Quilchena/Thompson area quiet cul-de-sac 3 bedroom 2.5 bathroom home with master on the main and two very large bedrooms up. Move in or build a 3,638 square foot new home on this large 7,978 square lot. Spacious rooms with plenty of storage space, double garage, mature landscaping. Walking distance to popular Burnett Secondary, Grouer Elementary and Thompson Community Center. Just steps away from the new walking path with River Road to the north and Steveston to the south.

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RE/MAX Michael Cowling And Associates Realty
Serving Richmond, Vancouver, Ladner, and Tsawwassen
http://www.michaelcowling.com

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No Farm Status for Medical Marijuana Grow-Ops

Existing and future federally licensed medical marijuana businesses won’t be getting a break on their property taxes.

The provincial government has excluded medical marijuana businesses from its list of agricultural uses.

This means legal grow-ops won’t qualify for farm classification for assessment and property tax purposes.

The provincial government made this decision to ensure municipalities don’t lose property tax revenues.

Medical-marijuana production is allowed as a farm use within the Agricultural Land Reserve (ALR) by the BC government. But, the BC Assessment Act, sec. 23, specifies which farm uses qualify for farm classification for property tax assessment purposes.

Farm classification typically lowers the value of the land which:

• reduces property tax rates, and

• provides PST exemptions.

Wineries, farms, ranch tourism operations and sand and gravel pits are excluded from farm classification.

Medical marijuana is a federally-regulated narcotic produced by licensed operators.

There are five federally licensed facilities in BC and the number is expected to increase in the coming years.

Source: REBGV

Government Partners to Lower Energy Costs

The BC Government is partnering with BC Hydro and FortisBC to expand energy-efficiency programs.

The goal is to help low-income residents reduce their electricity and gas bills through:

• Updates to existing low-income programs; and

• A new program which provides homeowners with up to $6,000 in rebates for energy-efficiency upgrades.

 BC Hydro and FortisBC will offer:

 Energy Conservation Assistance Program (ECAP)

• free energy assessments; and

• energy-saving products such as new ENERGY STAR refrigerators to save residents $165 per year, and insulation upgrades saving residents $300 per year.

 Energy Saving Kit Program (ESK)

• easy-to-install products such as compact fluorescent light bulbs and weather stripping save residents up to $100 per year.

 Home Energy Rebate Offer

• up to $6,000 in rebates for home owners for energy efficiency upgrades to reduce water and space heating costs, including heating and hot water systems and insulation. Home owners completing these upgrades could reduce energy bills by 30 per cent per year.

 Learn more about programs for customers with low incomes, visit:

• fortisbc.com/ecap and fortisbc.com/esk

• bchydro.com/esk and bchydro.com/ecap

 Learn more about Home Energy Rebate Offer at:

• bchydro.com/homerebates

• fortisbc.com/homerebates

(Source: REBGV)

SOLD 10740 Gilmore Crescent: 3 Bed 2 Bath Rancher for Sale in Richmond BC

This Property is now SOLD

10740 Gilmore Crescent
Richmond BC, V6X 1X4, Canada

RICHMOND BC HOMES
GREATER VANCOUVER BC REAL ESTATE FOR SALE
House | Townhouse | Apartments-Condos | Real Estate
Richmond | Vancouver | Ladner | Tsawwassen

Thank you for visiting our video. We specialize in the purchase and sale of residential housing in Richmond, British Columbia. Whether you are relocating within Richmond, searching for an investment property, or leaving Richmond for another area, my experience can help you make the right decisions. Please contact us or take your time exploring my channel and make use of the resources available to you.

Please visit:
http://www.michaelcowling.com or
http://www.michaelcowling.com/10740-gilmore-crescent-richmond-bc/
for more information.
Call Michael Cowling at 604-276-2335 or email him at mc@michaelcowling.com for showings.

Property Information:
Sub Area: Bridgeport
MLS® No.: V1076068
Bedrooms: 3
Bathrooms: 2
Total sq.ft.: 1,842
Lot sq.ft.: 6,928

Description:
Well-kept rancher style home with loft on a large 6928 SF lot. This bright and airy home offers engineered hardwood floors, very large entertaining sized Living, Dining and Family rooms with vaulted ceilings and loft space above. The conservatory offers a hot tub overlooking the maintained large backyard space. Great location in central Richmond, close to Tait Elementary school and walking distance to Costco, the River Rock Casino, Richmond Nightmarket and T&T Supermarket

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RE/MAX Michael Cowling And Associates Realty
Serving Richmond, Vancouver, Ladner, and Tsawwassen
http://www.michaelcowling.com

FOLLOW me on FACEBOOK
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Are Low Mortgage Rates the New Normal?

Low long-term interest rates and heightened competition in the mortgage market pushed both posted and discounted mortgage rates to record lows during the second quarter. The posted five-year fixed rate reached a historical low of 4.79 per cent in May and many lenders have advertised sub-3 per cent five-year fixed rates as well as steeply discounted variable rates.

Disappointing first quarter economic growth both in Canada and in the United States, where the economy actually contracted to start the year, are helping to maintain low bond yields in both countries.

In particular, yields on five-year Government of Canada bonds, the key benchmark for pricing mortgages, remains approximately 30 to 40 basis points lower than at the start of the year.

As the economy improves and the spring home-buying season comes to a close, we expect that mortgage rates will be pulled higher. However, the current spread between the five-year posted rate and the yield on five year Government of Canada bonds remains elevated.

This suggests that a rise in bond yields would exert only modest pressure on mortgage rates.

Our forecast is for the five-year fixed rate to retrace above five per cent in the third and fourth quarter, ending the year at 5.14 per cent. The one-year mortgage rate is expected to remain close to its current level of 3.14 per cent for the remainder of the year.

Economic Outlook

The Canadian economy sputtered to start 2014, growing just 1.2 per cent in the first quarter. Economic growth was pulled lower by a slowing of household spending and a drag on export growth from weakness in the United States. However, there are good reasons to believe that these trends will prove temporary in nature.

Disappointing growth in the first quarter was due to unusually severe winter weather in both Canada and the United States, which kept consumers at home, and construction projects delayed.

Incoming economic data from the US points to a strong second quarter rebound and we expect growth in our largest trading partner to accelerate above 3 per cent for the remainder of the year.

Combined with a low Canadian dollar, stronger growth in the US economy should propel Canadian exports and business investment higher, which would help to offset any further slowing of consumption spending or residential investment. Even with a slow start, we are forecasting that the Canadian economy will expand close to 2.5 per cent in both 2014 and 2015.

Interest Rate Outlook

Inflation in Canada has moved materially higher in recent months, driven by a substantial increase in energy costs. The impact of higher energy prices on headline CPI should fade later this year and the Bank of Canada has already suggested it will look past the transitory increase in inflation.

However, there does seem to be some underlying momentum in core CPI, the Bank’s preferred inflation measure, which if sustained will be much harder for policy makers to ignore.

For now, we anticipate the Bank will remain on hold, leaving rates unchanged until 2015. Once the Bank does move from the sideline, there is a growing consensus that the new normal for interest rates is much lower than it used to be. Although it can fluctuate in the short-run, a “normal” interest rate, in particular the rate set by the Bank of Canada, should be roughly in-line with the rate of potential economic growth in the economy.

The potential rate of growth for Canada has been slowing in recent years due to a number of factors including low productivity growth, the lingering impact of the global financial crisis, and an aging workforce. As growth of the Canadian labour force slows, the rate of growth in goods and services that can be produced in the Canadian economy will almost certainly decline. The implication being that economic growth going forward may be a little slower than in previous eras. Therefore, the appropriate level of interest rates for the Canadian economy may be lower than in the past.

Source: British Columbia Real Estate Association

SOLD! 5420 Wagtail Avenue: 4 Bed 3 Bath Home for Sale in Richmond BC

This one is SOLD

5420 Wagtail Avenue
Richmond BC, V7E 4V9, Canada

RICHMOND BC HOMES
GREATER VANCOUVER BC REAL ESTATE FOR SALE
House | Townhouse | Apartments-Condos | Real Estate
Richmond | Vancouver | Ladner | Tsawwassen

Thank you for visiting our video. We specialize in the purchase and sale of residential housing in Richmond, British Columbia. Whether you are relocating within Richmond, searching for an investment property, or leaving Richmond for another area, my experience can help you make the right decisions. Please contact us or take your time exploring my channel and make use of the resources available to you.

Please visit:
http://www.michaelcowling.com or
http://www.michaelcowling.com/5420-wagtail-avenue-richmond-bc/
for more information.
Call Michael Cowling at 604-276-2335 or email him at mc@michaelcowling.com for showings.

Property Information:
Sub Area: Westwind
MLS® No.: V1073288
Bedrooms: 4
Bathrooms: 3
Total sq.ft.: 1,738
Lot sq.ft: 5,220


Description:
Westwind Grezmiel built Westcoast Contemporary split level. Very bright & clean 4 bedroom home. Lots of updating, south backyard. Excellent neighbourhood, Westwind Elementary, walking distance to Steveston Village and all amenities.

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RE/MAX Michael Cowling And Associates Realty
Serving Richmond, Vancouver, Ladner, and Tsawwassen
http://www.michaelcowling.com

FOLLOW me on FACEBOOK
http://www.facebook.com/michaelcowlingrealty

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SOLD: 9322 Romaniuk Dirve 3 Bed 3 Bath Home for Sale in Richmond BC

This one is SOLD

9322 Romaniuk Drive
Richmond BC, V7E 5G7, Canada

RICHMOND BC HOMES
GREATER VANCOUVER BC REAL ESTATE FOR SALE
House | Townhouse | Apartments-Condos | Real Estate
Richmond | Vancouver | Ladner | Tsawwassen

Thank you for visiting our video. We specialize in the purchase and sale of residential housing in Richmond, British Columbia. Whether you are relocating within Richmond, searching for an investment property, or leaving Richmond for another area, my experience can help you make the right decisions. Please contact us or take your time exploring my channel and make use of the resources available to you.

Please visit:
http://www.michaelcowling.com or
http://www.michaelcowling.com/9322-romaniuk-drive-richmond-bc/
for more information.
Call Michael Cowling at 604-276-2335 or email him at mc@michaelcowling.com for showings.

Property Information:
Sub Area: Woodwards - Blundell
MLS® No.:
Bedrooms: 3
Bathrooms: 3
Total sq.ft.: 1,902
Lot sq. ft.: 4,860


Description:
Popular Woodwards area. Perfect home for family and entertaining. Tastefully renovated & well-appointed with cherry laminate, granite countertops, stainless steel appliances, gorgeous moulding, wonderful fixtures and the latest designer colours in and out to tie it all together. This corner home has been very well maintained with newer high efficiency furnace, windows, toilets, sinks, fixtures and hardware. Relax on the outside patio or play a game of volleyball in the fenced backyard while listening to your favourite music on the indoor/outdoor speakers. Everything is done - all you have to do is move-in. Close to Jessie Wowk Elementary and Steveston-London High School. All amenities just steps away at the Blundell Shopping Centre.

--------------------------------------------------------------------------------­-----
RE/MAX Michael Cowling And Associates Realty
Serving Richmond, Vancouver, Ladner, and Tsawwassen
http://www.michaelcowling.com

FOLLOW me on FACEBOOK
http://www.facebook.com/michaelcowlingrealty

FOLLOW me on TWITTER
https://twitter.com/#!/MichaelCowling