Saturday, December 23, 2017

Maria Mak - Give a stranger’s a smile. Share some pocket change. Help those less fortunate folks. Call a depressed lonely friend. Spent some quality time with your loved ones and family, Don’t be a scrooge! Life is better and sweeter in giving and sharing. Live, Dream and make Happy Memories ! Give a little true spirit of Christmas this coming festive joyful holidays! One Home One Dream One Realtor

Give a stranger’s a smile.
Share some pocket change.
Help those less fortunate folks.
Call a depressed lonely friend.
Spent some quality time
with your loved ones and family,
Don’t be a scrooge!
Life is better and sweeter in
giving and sharing.

Live, Dream and make Happy Memories !
Give a little true spirit of Christmas
this coming festive joyful holidays!

Artwork by Maria Mak
One Home
One Dream
One Realtor
Maria Mak
Sutton Centre

Tuesday, November 14, 2017

Maria Mak - One Home One Dream One Realtor

Maria Mak - Burnaby Realtor - Sutton Centre Realty
Serving her clients in Metro Vancouver for over 28 years with a smile.

Artworks by Maria Mak

https://youtu.be/eA7vjomH1j4

Friday, March 3, 2017

Maria Mak - Burnaby Realtor - Low supply continues to limit Metro Vancouver home buyers

Reluctance amongst Metro Vancouver* home sellers is impacting sale and price activity throughout the region’s housing market. Residential home sales in the region totalled 2,425 in February 2017. This is a 41.9 per cent decrease from the record 4,172 homes sold in February 2016 and an increase of 59.2 per cent compared to January 2017 when 1,523 homes sold. Last month’s sales were 7.7 per cent below the 10-year February sales average. “February home sales were well below the record-breaking activity from one year ago and in line with our long-term historical average for the month,” Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said. “Limited supply and snowy weather were two factors hampering this activity.” New listings for detached, attached and apartment properties in Metro Vancouver totalled 3,666 in February 2017. This represents a 36.9 per cent decrease compared to the 5,812 units listed in February 2016 and an 11.4 per cent decrease compared to January 2017 when 4,140 properties were listed. This is the lowest number of new listings registered in February since 2003. The total number of properties currently listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver is 7,594, a four per cent increase compared to February 2016 (7,299) and a 4.9 per cent increase compared to January 2017 (7,238). The region’s sales-to-active listings ratio for February 2017 is 31.9 per cent, a 10-point increase from January. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. “While home sales are not happening at the pace we experienced last year, home seller supply is still struggling to keep up with today’s demand. This is why we’ve seen little downward pressure on home prices, particularly in the condominium and townhome markets,” Morrison said.  The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $906,700. This represents a 2.8 per cent decrease over the past six months and a 1.2 per cent increase compared to January 2017. Sales of detached properties in February 2017 reached 745, a decrease of 58.1 per cent from the 1,778 detached sales recorded in February 2016. The benchmark price for detached properties is $1,474,200. This represents a 6.5 per cent decrease over the past six months and is unchanged compared to January 2017. Sales of apartment properties reached 1,275 in February 2017, a decrease of 28.8 per cent compared to the 1,790 sales in February 2016.The benchmark price of an apartment property is $526,300. This represents a 2.3 per cent increase over the past six months and a 2.7 per cent increase compared to January 2017. Attached property sales in February 2017 totalled 404, a decrease of 33.1 per cent compared to the 604 sales in February 2016. The benchmark price of an attached unit is $675,500. This represents a 0.3 per cent decrease over the past six months and a 1.3 per cent increase compared to January 2017.

Tuesday, January 24, 2017

Maria Mak - Vancouver Pancakes and Booze Art Show - 2nd Feb 2017

I will demonstrate some simple ink drawing techniques during my upcoming Vancoucer Pancakes and Booze art show. Mark your calendar and see you all there!

Date: 2nd Feb 2017 
Time: 7pm-12am
Place: Fortune Sound Club
147 E Pender st/Main

*all proceeds will go to Cancer Society in honour of my mom.

Monday, January 23, 2017

BC government offers first time home buyer down payment loan

Premier Christy Clark annouced December 15 a new government-backed loan program, which will lend homebuyers in BC up to $37,500 towards a down payment for their first home.
Thanks 
The B.C. HOME Partnership program will match the amount first-time homebuyers have saved towards a down payment, up to a maximum of $37,500, and no more than five per cent of the home’s total value. The loan only applies to homes with a total purchase price of $750,000 and under, and only for qualified "stress-tested" buyers with insured high-ratio mortgages (with a down payment of less than 20 per cent).

At the press conference this morning, Clark said the BC government established the loan to help homebuyers who already qualify for an insured high-ratio mortgage but struggle to afford the initial down payment.

“I firmly believe that the dream of homeownership must remain within reach of the middle class in British Columbia,” Clark said.

The 25-year loan will be interest-free with no payments required for five years, after which interest will be applied at current market rates. Applicants must be first-time homebuyers and have a total household income of less than $150,000. Homebuyers must also have been Canadian citizens for the past five years and lived in the province for a period of two years. Applicants will have to demonstrate that they’ve paid taxes in Canada for at least one year.

“People need a partner in scraping together that down payment, and the B.C. government wants to be that partner,” Clark added.

The funds for this program are sourced from the province’s property purchase taxation, which includes the foreign buyer tax, said Clark. She doesn’t believe the loan program will affect home prices.

“Our analysis tells us that it won’t because everybody who is going to be eligible for this program will have to have been accepted for a mortgage already,” said Clark.

The program will last three years and Clark said there’s no cap on the amount of money available or the number of applications they can approve. Online applications open January 16, 2017.