Lance Phillips

Blog entry for Lance Phillips of Macdonald Realty, North Shore and Vancouver Real Estate Specialist 604-926-6718 or 604-861-6767

When purchasing real estate, it is important to have an understanding of lending guidelines for financial institutions. Unless, of course, you’re in the enviable position of not requiring a mortgage, I hope I can shed some light on the confusing lingo that often gets bandied about by the professionals. Not everyone is savvy in the art of buying real estate and I know some of us sit there scratching our heads and wondering what the heck all the terminology actually means.

I have contacted Nazarina Di Spirito of HLC Home

Blog entry for Lance Phillips of Macdonald Realty, North Shore and Vancouver Real Estate Specialist 604-926-6718 or 604-861-6767

#404 - 2187 Bellevue, West Vancouver$459,000.002 bedroom, 1 bath luxury apartment with outstanding view

Gorgeous two bedroom concrete apartment in the heart of Dundarave. Intimate ocean views. Fully remodelled kitchen with bar stool eating area. Granite bathrom and hardwood throughout. A must see! Please visit my website at www.lancephillips.com to view this spectacular property plus others.

Blog entry for Lance Phillips of Macdonald Realty, North Shore and Vancouver Real Estate Specialist, 604-926-6718 or 604-861-6767

In my April 18th blog, I gave some information regarding the Property Purchase Tax and possible exemption scenarios. Though that fee can be waived for first time buyers, the following costs cannot and should not be forgotten when purchasing real estate. Here’s a list of the expenses that will be incurred with any purchase:

- Property Transfer Tax (PTT). Calculated at 1% of the first $200,000 and 2% of the balance of entire purchase price. See my April 18th blog for exemption guidelines.

- The deposit at time of offer.

Blog entry for Lance Phillips of Macdonald Realty, North Shore and Vancouver Real Estate Specialist 604-980-4370 or 604-838-5716

One of the often overlooked calculations when adding up costs in buying real estate is the Property Transfer Tax. It is important to know how to calculate this fee, especially as a first time buyer, as it is generally a large chunk of change. However, if you keep your sights somewhat low, you can escape this cost altogether.

Effective February 15th, 2005, the fair market value threshold for eligible residential property under the First-Time Home Buyers’ Exemption Program was increased by about 18 per cent. To $325,000.00

Blog entry for Lance Phillips of Macdonald Realty, North Shore and Vancouver Real Estate Specialist 604-926-6718 or 604-861-6767

1041 Canyon Blvd, North Vancouver, B.C.$599,000.003 bdrm, 3 bath, suited home

Calling All Families! Don’t miss the opportunity to own this lovely home located on an extremely child-friendly street in the Montroyal/Handsworth catchment. Updated and warm 4 bedroom home with 3 full baths. Full nanny/in-law suite down with separate walk out entrance. Large, bright living room with vaulted ceiling and views of Grouse Mountain. Private south facing backyard and a level driveway.Contact North Shore and Vancouver Real Estate Specialist,

Blog entry for Lance Phillips of Macdonald Realty, North Shore and Vancouver Real Estate Specialist 604-926-6718 or 604-861-6767

Forecasting is always difficult but Jurock’s Real Estate Insider is confident that 2005 will be an historic year for Western Canada. It will be a year that will cement the economic recovery of the past few years. We believe it will also mark the beginning of a long-term economic revival that will benefit B.C. and Alberta real estate markets, both residentially and commercially. B.C. is at an historic point, the old dynamics resource crash and high mortgage rates - don’t apply. Low mortgage rates, an up tick in in-migration

Blog entry for Lance Phillips of Macdonald Realty, North Shore and Vancouver Real Estate Specialist 604-926-6718 or 604-861-6767

4364 Woodcrest Road, West Vancouver$825,000.004 bedroom, 2.5 bath home located in the Cypress Estates.

Magnificent view of downtown Vancouver & Georgia Strait. Southern exposure. Watch the ships go by. Minutes to Caulfeild Village, Rockridge High School and Cypress Park Falls. Bus stop across the street. Exclusive Cypress Park Setting. Located in West Vancouver, B.C., Canada. Contact North Shore and Vancouver Real Estate Specialist, Lance Phillips of Macdonald Realty @ 604-926-6718 or 604-861-6767. For more information