Mortgage guide

Fixed vs. Variable

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WHY LEASE?OWN YOUR OFFICE SPACE

60 + CommErCiAL rESidEntiALLiStingS

tips from our feature realtor

iman mogadam

iman mogadam & alice ristak

iman mogadam650 sq.ft 1 bedroom, 1 bath

Spacius balcony, unobstructed city viewClose to shopping, schools, transit

1295 sq.ft 2 bedroom, 2 bathFully renovated New furnace

Close to shopping & Lion's Gate bridge

3584 sq.ft 5 bedroom, 4 bathCustom home with open kitchenLarge bedrooms, walk-in closet

$259,950

$639,000

$492,000

#1605 1178 Heffley Cr, Coquitlam

1844 Bowser Av, North Vancouver

5009 Teskey Rd, Sardis

Residential Listings

iman mogadam1,200 sq.ft 2 bedrooms & 3 bathrooms

City & harbour views Close to shopping & transportation

$635,000

#232 188 Keefer Pl, Vancouver

iman mogadam iman mogadam1025 sq.ft 2 bedroom & 2 bath

Bright corner unit False Creek viewClose to shopping & transit

935 sq.ft 2 bedroom & 2 bath Northeast corner unit

Close to shopping & transit

$549,950 $515,950

#2207 689 Abbott St, Vancouver

#902 689 Abbott St, Vancouver

iman mogadam

iman mogadam

630 sq.ft 1 bedroom, 1 bathSpacius balcony, unobstructed city view

Close to shopping, schools, transit

3300 sq.ft 5 bedroom, 4 bathQuiet cul-de-sac Moutain views

Seperate entry basement

$259,950

$508,000

#1806 1178 Heffley Cr, Coquitlam

#9 46058 Bridle Ridge Cr, Sardis

iman mogadam3,885 sq.ft 4 bedrooms, 4 baths

Fabulous family home Fully finished basement

$979,000

1085 Chamberlain Dr, North Vancouver

Immaculate home in the prestigious Forest Hills area of North Vancouver. Renovations are now complete & ready for move in. New kitchen, new paint, asphalt repaired, landscaped garden, etc, etc. This 5 bedroom, 6 bathroom home boasts some exceptional finishing complemented by its superb location. On the main floor you have a large reception room, a dining room, a brand new open kitchen with stainless steel appliances and granite countertops, an equipped Chinese kitchen, and a laundry room with a brand new washer & dryer. Upstairs you have 3 bedrooms, plus the master with a large walk-in closet and a 6 piece ensuite, including a double jetted bath tub. Intercom in every room. New alarm system.

iman mogadam 604.721.6209

4416 Parliament Cr, North Vancouver

$1,550,000

Iman Mogadam

604.721.6209Talk2Iman@gmail.comwww.vancouver888homes.com

Built on Trust, Integrity, & Results

2801 sq.ft 5 bedroom, 5 bathCustom built, brand new

Fully finished basement, heated floors

$1,148,000

1370 Hope Rd,

North Vancouver

2,514 sq.ft 3 bedrooms & 4 bathsPrivate floor penthouse in Beach Crescent

360 view of English Bay, False Creek, North Shore & cityRedesigned & upgraded

4,082 sq.ft 5 bedrooms & 5 bathsFully remodeled Finished basement with seperate entrance

Brand new appliancesChild friendly cul-de-sac, close to school

$2,950,000

$1,439,000

#PH3801 1438 Richards St,Vancouver

5479 Blueberry Ln,North Vancouver

reza mousavy

farzad kossari

1,103 sq.ft 2 bedrooms & 2 bathsSpacious and functional

Less than one year old, priced to sellGreat investment

1,796 sq.ft 5 bedrooms & 3 baths Mere steps from the Gondola's

3 spacious levels of luxury living, recently restoredPatio, hot-tub, steam room, skylights in master

$599,000

$2,395,000

#1209 788 Hamilton St,Vancouver

#7 4099 Whistler Wy, Whistler

soroush babaeian

alan charlton

james walker

daniel preston

720 sq.ft 1 bedroom & 2 bathsClose to SeaBus transit and shopping

Spacious with open kitchen

805 sq.ft 2 bedrooms & 2 bath Open layout, upgraded kitchenEasy access to transportation

$339,999

$275,000

#311 122 E 3rd St, North Vancouver

#2219 244 Sherbrooke St, New Westminster

mohammed vaziri

omid mashinchi

pedram naimiomid khosravi

maryam hassanian

farid hosseini

mohammed vaziri

1,350 sq.ft 2 bedrooms & 2 baths Views of English Bay

Desirable area

864 sq.ft 2 bedrooms & 2 baths View of False Creek and mountains

Renovated

750 sq.ft 1 bedrooms & 1 bathsCorner suite penthouse

Close to Metrotown & transit

1,980 sq.ft 4 bedrooms & 2 bathsSoild house with 2 bedroom basement

Close to school & transit

480 sq.ft 1 bedrooms & 1 bathsPanoramic ocean view

Minutes from shopping & skytrain

713 sq.ft 1 bedrooms & 1 baths Open kitchen with bar, granite counters

Very convenient location

500 sq.ft 1 bedroom & 1 bath Yaletown Park, close to everything

1 parking and 1 storage

$690,000

$549,900

$294,900$789,000

$375,000

$399,000

$355,500

#401 1415 Georgia St, Vancouver

#2802 928 Beatty St, Vancouver

#404 3628 Rae Av, Vancouver

4706 Barker Cr, Burnaby

#2904 1255 Seymour St, Vancouver

#331 1633 Mackay Av, North Vancouver

#1802 928 Homer St, Vancouver

james walker

mohammad vaziri

omid khosravi1193 sq.ft 2 bedrooms, 1 bathsEnvelope & roof work paid for

Seconds from sea-wall & shopping

4,435 sq.ft 6 bedrooms & 6 bathsSpacious family home in desirable area

Separate entries

856 sq.ft 2 bedrooms & 1 bathsView of river & park

New laminate flooring, new paint$475,000

$2,990,000

$269,000

742 Millyard BB, Vancouver

1120 West 33rd Av, Vancouver

#1805 740 Hamilton St, New Westminster

omid mashinchi1,210 sq.ft 3 bedroom & 2 bathrooms

New townhome in the heart of PocoClose to school, parks, & transit

$358,800

#124 2108 Rowland St, Port Coquitlam

alice ristak708 sq.ft 1 bedroom & den

Water views & large private deckInc parking spaces & locker

$339,900

#217 3629 Deercrest Dr, North Vancouver

soroush babaeian592 sq.ft 1 bed & 1 bath

Renovated Low maintenance feesClose to school, shopping, and transit

$141,900

#212 2055 Suolk Av, Vancouver

omid khosravi860 sq.ft 2 bedrooms & 2 bathsUpgraded with hardwood floors

Minutes from mall & skytrain

$419,000

#12 2355 Madison Av, Burnaby

thomas chung

maria belanic

1,010 sq.ft 2 bedroom & 2 bath Corner unit with river viewClose to school & daycare

8,850 sq.ft 5 bedrooms & 3 bathsGreat neighbourhood

Updated kitchen & covered sun-deck

$400,000

$650,000

#205 275 Ross Dr, New Westminster

817 Grover Av, Coquitlam

farzad kossari836 sq.ft 1 bedroom, 2 baths

Heritage-style/conversion homeVaulted ceilings, character windows

$539,000

#202 950 W 58th Av, Vancouver

jan bayer865 sq.ft 1 bedrooms & bath

Heritage-style warehouse conversionUnique, great open plan

$409,900

#222 55 E Cordova St, Vancouver

pedram naimi833 sq.ft 2 bedroom & 2 baths

High end laminate, private balcony Close to shopping & tranit

$273,900

#A312 8929 202nd St, Langley

alan charlton

dan preston

leigh waker677 sq.ft 1 bedroom & 1 bath

By Queens Park & shoppingin-suite laundry & granite counters

740 sq.ft 2 bedroom & 1 bath River & mountain views

Close to shopping and transportation

722 sq.ft 1 bed & 1 bathPrivate access from the street

Open den area$289,000

$326,900

$319,880

#110 675 Park Cr, New Westminster

#707 200 Keary St, New Westminster

#102 5500 Andrews Rd, Richmond

farhood hashemian2,477 sq.ft Bright open floor plan

4 bedrooms & 4 bathsClose to shopping, dining, and schools

$849,000

3959 Parker St, Burnaby

cici lam890 sq.ft Well-kept building

1 bedrooms, 2 bathMinutes to West Coast Express

$194,500

#201 1570 Prairie Av, Port Coquitlam

bita ardakani744 sq.ft 1 bedroom & bath

South facing water view Den & storageSteps to shoppong, transit & recreation

$459,900

#810 175 W 1st Av, North Vancouver

Fixed Rate Fixed rate mortgage is a mortgage in which the rate and payments of the mortgage are constant and do not change for the life of the mortgage or its term. The 5 year fix rate is set based on the 5 year bond rate of government of Canada.

Pros: Equal monthly payments over the term of the mortgage

Cons:

Usually higher rate and payments comparing to variable rate

You usually end up paying higher interest over the term of mortgage

The penalty is calculated as ird (Interest Rate Differential) or 3 Months interest on the balance of the mortgage whichever is higher. Usually the ird is more expensive penalty.

Variable Rate Variable rate mortgage is a mortgage in which the rate and also the payments will change depending on the Prime rate of lending in Canada over the term of the mortgage.

Pros:

Lower rate and monthly payments Historically lower interest paid over the term of

the mortgage Always the penalty is calculated as 3 months interest so

lower penalty Since the penalty is lower you may refinance to lower rate

in the middle of the term Cons:

Your rate and payments changes along with Prime over the term higher risk tolerance needed

Historical AnalysisBased on data from 1950 to 2007, the average Canadian could expect to save interest 90.1% of the time by choosing a variable-rate mortgage instead of a fixed. The average savings was $20,630 over 15 years per $100,000 borrowed. Those who can negotiate big discounts (0.75% off Prime) save money 77.1% of the time by going variable.

Fix Rate Mortgage ForecastBanks foresee 5-year bond yields climbing to 3.59% by the end of next year. Assuming a typical 1.2 spread above yields, this suggests discounted 5-year fixed rates could rise to roughly 4.79% by year-end 2011.

Variable Rate Mortgage ForecastBig bank economists expect 4.50% prime rate by end of 2011. Based on a .70 average discount from prime, this suggests 5-year variable rates in the 3.8% range by year-end 2011.

ConclusionMost mortgage professionals would take the variable, but that doesnt mean 5-year fixed rates are irrational. On the contrary, longer-term fixed rates are quite suitable for borrowers who cant withstand interest rate shocks.

Long story short, variables are still a great bet for many.

But, if you:

Have a tight budget Are nervous that prime rate could exceed analyst rate Find an amazing deal on a 5-year fixed

then no one can blame you for paying more for the insurance of a fixed rate.

If you had to pick one rate for the rest of your mortgage life, and your only two choices were a 5-year fixed or a 5-year variable, which would you take?

Fixed RAte vs. VARiAble RAteFixed Rate vs. VaRiable RateMortgage

Sean Manoochehri, MSc Eng, amp 778.995.5230 Mortgage Consultant

soroush babaeian

farhood hashemian

498 sq.ft Studiotv tower 2

Laminated floor

720 sq.ft 1 bedroom & denWalking distance to Coquitlam centre

City view, close to everything

$359,000

$399,000

#3006 233 Robson St, Vancouver

#802 2982 Burlington Dr, Coquitlam

soroush zonuzi

milad khavari

jeannie gagne

1589 sq.ft 2 bedroom & denPanoramic south ocean view

190 sq.ft balcony

664 sq.ft Large one bedroom flex unitLoft style home, 9'4 ceilings

Located in the heart of Downtown

Bright top floor unit with acGood size bedroom

Walking distance to shopping & more

$1,039,000

$589,000

$189,980

#502 3355 Cypress Pl, West Vancouver

#207 535 Smithe St, Vancouver

#303 9143 Edward St, Chilliwack

iman seifi

milad khavari

bita ardakani

4,800 sq.ft 7 bedrooms & 7 bath Base of Grouse Mountain

Close to best North shore schools

Stunning one bedroom at "Dolce"510 sq.ft Views of YaletownGreat layout, high-end finishes

Bright one bedroom & denCity view, floor to ceiling windows

Heart of Downtown, close to everything

$1,988,000

$470,000

$360,000

1041 Prospect Av, North Vancouver

#1206 535 Smithe St, Vancouver

#1006 1255 Seymour St, Vancouver

amir soltani606 sq.ft 1 bedrooms & 1 bath

Mountain viewsDark hard-wood floors

$307,500

#2006 7088 18th Av, Burnaby

justin yvon cote

naser fazli

troy abromaitis

milad khavari

danielpreston

omid khosravi

iman seifi bita aghahossein

thomaschung

jan bayer

hamidrezaahmadian

saleemdhalla

amy nguyen majeedrajabi

maria belanaic

iman mogadam

michael t. hickey

mike mehin

matthewmirdamadi

mohammadvaziri

bita fatemiardakani

hosseinyazdi

stevencorcoran

rezamousavy

sukhjeetdeol

paolo cartocci

soniaosullivan

jennifer kwok

maryamhassanian

alice ristak leigh walker

naghmeh manshadi

cici

sonny nima nasersardari

sher nima&

parker ray amir soltani

farzad kossari

huong do

pedram naimi

farid hosseini

adam mazaheri

hamidteimoori

farhad sanai jenny wangsoroushzonuzi

nataliya pick

managing broker

Soroush Babaeian604.729.4534

christopher howard

ron sanyal

bruce keshavarz

farhood hashemian

omid mashinchi

randyrudland

kiaffar ghaffari

samersahmani

fayecheveldave

anjulabenjamin

jeanniegagne

mana erfani mel mcconnell

mohammadkhalilbeigi

shahinbehroyan

james m. walker

dua arun

alan charlton

hamidreza mokhtarian

yvon justin cote1,152 sq.ft 2 bedroom & 3 bath

Southeast facing, updatedViews to English Bay and Downtown

$684,900

#2501 1200 Alberni St,Vancouver

bruce keshavarz5,401 Sq ft 4 bedrooms & 5 bathsCity view, lake view, mountain view Luxury house under construction

$2,850,000

760 Highpointe Dr, Kelowna

Real Estate can be made easy if you have the right team working for you. First get your financing in order. Use a mortgage broker or your banker. I'm a fan of brokers. They come to you and deal with many banks because they are generally commissioned by the banks they get paid for results. Get locked in at all rates for 120 days. Should rates go down call your broker do not assume you'll be re-locked. Know not only how much you can spend but how much you can

afford. Ask about doing accelerated weekly or bi-weekly payments. Take advantage of first time homebuyer incentives. Property transfer tax is waived for first timers. It is 1% on the first 100k and 2% on the balance. Property transfer tax is waived on a purchase price up to $425K. After 425K there is a sliding scale to 450K. rrsp's can also be used. Get informed on how much of them you can use and what restrictions apply. Legal fees run around $800-1000 depending on whether you are using a lawyer or notary.

hst applicable on purchases, don't even get me started! 12% on NEW PROPERTIES with substantial discounts made available. The calcula-tions are complicated and on a sliding scale. Get help from your realtor/broker/lawyer. See what the developer is offering, don't assume they all offer the same form of discounting. You don't want to get to completion only to find out you need to come up with crazy cash in addition to your down payment because you will get your refund later.

There are three type of condos: co-op, leasehold and freehold. Find out from your agent the differences and the pros and cons to see

which is best suited for your needs. Work with a realtor who knows the area you want to

live in. It's important your realtor knows buildings, or is willing to find out everything about a building for you. Major expenses encountered on an older building are usually: building envelope, plumbing, roof, elevators and common

Pull your own teeth? Of cOurse nOt!

When you need dental work you go to a dentist. Why would you not use an agent when you purchase real estate?

ron sanyal1,030 sq.ft 2 bedroom & 3 baths

Quiet side of the complex, private yardClose to schools, shopping & transit

$345,000

#142 2211 No.4 Rd, Richmond

Yielding from Melbourne, Quebec population 358. Vancouver was a big step in 1990. I worked my way in hospitality to eventually owning and operating several successful restaurants. In the late 90's I realized I needed a change of pace. Real Estate presented itself as a perfect option. I got my license and stepped in full force. I have never regretted the change.

It's a great feeling to find the perfect home for someone whether it be their first or tenth. To see families grow.

our realtor

Yvon Justin CoteI am a problem solver. I don't wait

for others to get things done. My motto from the beginning has been that I would not sell anything to a client that I wouldn't sell my mother. I don't care how long it takes, if it takes a year it takes a year.

I have over ten years experience serving Vancouver and I work for you and with you. I have a strong team supporting from financial to legal. Real Estate is one of the most important investments you will make. Have me on your side, call 604-961-5493.

Best,Yvon Justin Cote

areas. Assume that if these have not been done in a 25 year old building they are coming up. Budget for them. Concrete or wood frame if proper maintenance isn't done it will lead to a more rapid deterioration and issues. Remember if it looks like crap it PROBABLY is!

Market value is what someone is will to pay for a property. It has little to no relevance with what the owner paid. Get comparables from similar properties sold preferably in the same building. The dreaded competing offers! Don't be afraid if other people want this property too then you know when you decide to sell it you'll have interest. I have a 92% success rate in competing offers. As much as I'd love to give up my secrets ummmm no!

Your realtor isn't taking you out? It's likely there is nothing to see, and prefers not to waste your time taking you to see properties just to maintain your relationship. Remember if you don't buy or sell we don't get paid and being an agent is not cheap. The seller is usually responsible for paying the buyer and sellers agent commision. Take advantage use an agent to buy you're going to be paying the buyers agent when you sell. Be loyal to your realtor behind the scenes we do much more than you know.

Location, location, location! Live where you want to live. If you can't afford to buy something live in it for a year then rent it out and move to where you want to live and rent there. I'm not telling you to do this what I am saying is find a solution to your quandary. Get in the market. Historically property values double every ten years, sometimes more quickly. It's a great investment and retirement plan. I have been an agent for over 10 years and have bought and sold properties with hundreds of people. I do not know one of them that have regretted purchasing. Usually and probably is frequent throughout this article because that's how things usually are in real estate. Use an agent help clear them up.

I hope this gives you a heads up. These are just a few things I think are important for you to know before you jump. I'm happy to meet in person and answer your questions. Should you decide to jump, I promise to make the landing softer for you. Because really, it's all about you!

By Yvon Justin Cote

Rental/Lease

Listings

daniel preston nataliya pick pedram naimi517 sq.ft 1 bedroom & 1 bath

Spectacular view Close to everythingPrice includes hst

875 sq.ft 2 bed & 2 bathUpdated laminate, kitchen, 26in lcdSuperb amenities Close to transit

875 sq.ft 2 bedroom & 2 bath Corner unit Great locationMaster has air conditioning

$279,900 $259,000 $233,000

#2001 13380 108th Av, Surrey

#343 10838 City Pw, Surrey

#204 19730 56th Av, Langley

pedram naimi935 sq.ft Bright corner unit

2 bedrooms, 2 bathsClose to transit, shopping, & schools

$314,900

#411 13733 107A Av, Surrey

omid mashinchi1,759 sq.ft 3 bedrooms & 3 bath

Updated in 2008Great location, near school & transit

$569,900

2922 Walton Av, Coquitlam

hossein yazdi1,113 sq.ft city & water views

Top floor 2 bedrooms & 2 bathsexcellent condition & upgraded

$1,895/month

#2009 2024 Fullerton Av, North Vancouver

hossein yazdiWaterfront community2 bedrooms & 2 baths

Pool, hottub, gym in building$2,795/month

#11 199 Drake St, Vancouver

ron sanyal1,463 sq.ft 3 bedroom & 3 baths

South-facing corner, convenient locationLarge walk-in closet, recently updated

$489,000

#96 12500 McNeely Dr,Richmond

reception viewwaiting room

#504 1160 Burrard St, Vancouver

$329, 000

Prime strata office located in Burrard Health Centre. 655 sqft, ideal for medical or other professional offices. Relaxing view and setting. Large common meeting room, well-managed building. Across from St. Pauls Hospital. Best for own use or investment.

call: 604.339.2823

Commercial Listings

michael hickey iman mogadam sonia osullivanVery successful coffee franchiseHigh traffic Granville location

Newly renovated

Well-known dry cleaning businessLittle competition, great potential

Owner wants to retire, willing to train

Coffee shop, deli & light cookingHigh traffic location

470 sq.ft$489,000 $55,000 $69,000

CONFIDENTIAL CONFIDENTIAL CONFIDENTIAL

daniel prestonLand size 5,940 sqft

High-rise zoned property Ability to add 3 floors

$1,680,000

Uptowner

605 3rd Av, New Westminsteralan charlton michael hickey

New Locations Available: Vancouver, Burnaby, New Westminster,

Delta and Surrey

Local hotspot for the last 25 years10,000 sq.ft with full industrial kitchen

highway access & paved parking lot

$199,000 $599,000

Cultured Coffee & Tea

555 W 12th Av, VancouverCitrus Nightclub

20299 Industrial Ave, Langley

nava manshadi nava manshadiVery successful coffee franchise

High net income, 18 yrs low rate leasePlease do not talk to staff members

Very successful coffee franchiseHigh traffic location near skytrain

Please do not talk to staff members$498,900 $249,900

Coffee Shop

305 Main St, VancouverCoffee Shop

590 Beatty St, Vancouvermichael hickey

includes 27 passenger transport licenses33 vehicles including a 23 passenger bus

High traffic area Visual exposure $349,000

Star Taxi

#31 7th Ave, Cranbrook

michael hickey daniel prestonFull service spa & salon

Prime Downtown locationVendor financing available

85 unit senior rental buildingReady to complete

Vendor Takeback Financing Available$60,000 $2,880,000

La Raffinage Spa & Salon

521 Georgia St, VancouverCherrywood Estates

801 Vancouver St, Creston

daniel prestonAcross from Belmount Golf Course

4.2 AcresAvailable for residential development

$12,888,000

Land

Telegraph Trail, Langleydaniel preston

Mixed use 1.5 Acre developmentno.3 Rd & new Skytrain line

monthly net income of $10,865$9,200,000

Land, 8100 & 8200Capstan Way, Richmond

michael hickeyMore than 1700 active members

New equipments & improvementsRoom to grow

$375,000

Pantheon Fitness

#202 865 Hornby St, Vancouver

michael hickeyHome-based business Huge franchise area

Sellers will provide financing$99,000

Made in the Shade Blinds

10669 Jackson Rd, Maple Ridgemichael hickey

Fully equiped108 seats inside & 40 on patio

Gross monthly sales over $40,000$209,000

Charlies Rest & Bar

1265 Hamilton St, Vancouveralan charlton

Annual Sales of $360kHome-based

Business must be relocated$55,000

Video & Game Rental Machine

BC

milad khavariMany loyal customers

Low rent, full commercial kitchenFree underground parking

$35,000

Italian Fastfood

#204 1610 Robson St, Vancouver

Office 604.565.0135 Cell 604.716.4201#303 689 Abbott St, Vancouver BC

Renewal SeRviceS

Kitchenrenovation Bathroomrenovation Flooring Millworking Painting/Staining Basementremodel Addition Officepartition

Early WintEr SpEcial

*Offer expires Feb 28, 2011

Sale &14mm Laminate $2.89/sqftFree Installation

Call for your free consultation!