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In B.C. and Ontario, many higher-income earners worry about paying bills

A leading researcher of Canadian cultural trends says extravagant prices for homes in Vancouver and Toronto could be a reason why a poll found a quarter of Canadians who earn more than $100,000 a year worry about meeting their financial obligations.

The survey for the Association for Canadian Studies found 22.8 per cent of respondents in the income category were at least somewhat worried about their ability to pay monthly bills.

"Initially, I was kind of like, 'Really? Jeez, that's surprising,'" said Jack Jedwab, executive director of the association. "But then when I looked at the geographic data, it occurred to me that the people worried most about paying their monthly bills are in Ontario and British Columbia."

Indeed, 51.5 per cent of the Ontario respondents were at least somewhat worried about paying their bills. This was true for 50.5 per cent of the B.C. respondent. When you've got places such as Vancouver and...

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Burnsblock

What would you sacrifice to live in paradise?

Would you take a lower-paying job? Give up your car and take transit?

Or would you live in an apartment the size of a college dorm room because it’s the only housing there that you can afford?

Burnsblock1

That’s what Vancouver resident Jace Ardiel is doing. A human resources specialist, he rents a 200-odd-square-foot apartment in a building known as the Burns Block for $800 a month.

He tells CTV Vancouver that the space, which has a Murphy bed, showerbox/bathroom and hardly enough space for a dinner table, is more than enough for his needs.

“It’s perfect for me,” he tells CTV’s Lynda Steele. “I’m not here very often. I would much rather spend all the extra money I would pay in rent on travelling.”

The CTV story goes on to quote developer Jon Stovell of Reliance Properties, who says that all 30 “micro-suites” in Burns Block were rented out in days, Stovell says that young...

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National home prices show signs of easing

 

OTTAWA — Homes prices edged down 0.2 per cent in February from the month before but were still 6.1 per cent higher than a year ago, according to a well-watched housing index.

 

The month-over-month decline was the third such retreat in the past four months for the Teranet-National Bank National Composite House Price Index, released Wednesday, which measures price changes for repeat sales of single-family homes.

 

In January, prices rose 0.1 per cent.

 

Teranet's report showed prices falling from the previous month in six of the 11 metropolitan markets surveyed.

 

In Canada's two hottest real-estate markets, prices in Vancouver fell 0.3 per cent, the fifth consecutive decline, while prices in Toronto rose by just 0.1 per cent. On a yearly basis, however, Toronto prices were 10 per cent higher.

 

Nationally, prices were 6.1 per cent higher than a year ago. In January, prices were 6.5 per cent higher.

 

The...

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I have sold a property at 202 4001 MT SEYMOUR PKY in North Vancouver.

THE MAPLES - Often sought, rarely available end unit-3 level townhouse with 3 bedrooms up, finally awaits in this tranquill yet conveniently located, well maintained complex. Many updates including Hardwood floors on main & warm, comfortable cork flooring on upper level. Large dining & living rooms with featured woodburning fireplace & glass sliders to private 388 sq ft fenced patio. Renovated kitchen with newer appliances, breakfast bar & walk out to the patio. Both baths (main floor powder room and upstairs main bath) have been renovated. Newer windows throughout & renovated lower level makes for a perfect family "hang-out", great office or 4th bedroom. Complex is set-back from Mt Seymour & adjacent to a golf course. Close to shopping, skiing, beaches, schools & Deep Cove! Ideal for kids & pets.

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Salt water outdoor pool, sauna & steamroom in a ...

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Bank of Canada policy makers are weighing whether to raise interest rates over the next few months, so you can bet they’ll be looking to any drop of news from the housing market to help guide their decisions.

Although it’s a bit long in the tooth, the Teranet-National Bank Composite House Price Index for February comes out Wednesday, offering a gauge of how much more or less it costs to buy an existing single-family home. The index is rather limited on the whole, in that it does not provide actual prices, and it only tracks the rate of change in prices on properties where homes have been sold at least twice.

Still, some economists consider it a decent snapshot of what’s going on in major markets, and how significant each is in shaping the national trend.

The key for the February version will be whether it shows home resale prices continued to edge up on a monthly basis, or whether Vancouver is faltering enough to pull the national market down, despite Toronto’s strength....

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I have sold a property at 410 3625 WINDCREST DR in North Vancouver.
Completely updated.This 2 bedroom, 2 full bathroom popular split plan at the Raven Woods features a load of updates. Brand new granite counters in the kitchen and both bathrooms, double deep stainless steel under mount sink, all new MoenFaucets, stainless steel appliances, new backsplash, laminate floors, baseboard with crown mouldings, 2" wood blinds, re-surfaced/cultured stone gas fireplace, newer light fixtures and all new hardware. With a bright, open concept, this West facing unit is a sun lovers delight. Very well kept, few like this one. Enjoy a peaceful walk through the many neighborhood trails with breathtaking views of downtown and Burrard Inlet. Walking distance to Parkgate shopping, library, Rec and Cates Park.
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I have sold a property at 4842 VISTA PL in West Vancouver.
Fine luxury with a beautiful view of the water and city. This stunning home features a spectacular master suite with limestone finishings, fireplace and a calming adult retreat laid out over the entire top floor. Main level living consists of a high end gourmet kitchen, attached family rm, sophisticated dining/living rm and perfect home office/den. Below are two large bdrms for teens or guests, craft rm, huge media/theatre rm, wet-bar and wine cellar opening to an expansive entertainment deck with the ultimate outdoor kitchen, covered hot tub & fire pit. Offering 4,548 sq. ft. of bright spacious living area,total of 3 bdrms,4 bathrms,radiant heat,extensive mill work & home audio system. Caulfeild's most pristine cul-de-sac.
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I have sold a property at 814 175 1ST ST W in North Vancouver.
Great Investment opportunity in the popular "Time" building in vibrant Lower Lonsdale. Sunny SE facing balcony with water & city view. Unique studio with separate private sleeping area with closet. Gas fireplace, insuite laundry, huge bathroom, open concept kitchen with gas stove & built-in microwave. Concierge service. 1 parking & slorage. Pels & rentals allowed. Balance of 2/5/10 warranty. 5 min. stroll to Lonsdale Quay market & seabus service to downtown. John Braithwaite Community Centre, chic restaurants, coffee shops and boutique shopping all just steps away. This one is all about the "lifestyle". (Previously rented for $1,750 per month furnished). First Open Saturday February 4th,  2 - 4pm.
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Please visit our Open House at 219 580 RAVENWOODS DR in North Vancouver.
OPEN HOUSE: Saturday, April 21 2:00pm-4:00pm
Westcoast living at it's best in this sunny, 726 sqft, one bedroom + den suite with 9' ceilings overlooking tranquil lagoon and fountains. Gourmet kitchen boasts stainless steel appliances, granite countertops and white cabinetry. Versatile den can accommodate guest (or baby) or perfect working space. Tastefully decorated with laminate flooring, designer paint, gas fireplace. Great layout and highend finishes makes this a home to be proud of. Southfacing, covered balcony with peaceful outlook. A Whistler-like ambiance set on the North Shore near Deep Cove, close to parks, woodland trails, shopping, cafes, and Cate's Park. 5 mins. to hwy and bridges for easy downtown comute. Amenities include: clubhouse with lounge and pool table, sauna, fully appointed gym and theatre room  - all this and NO PROPERTY TRANSFER TAX!!!

First Open Sunday February 19th 2-4pm....
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Please visit our Open House at 202 4001 MT SEYMOUR PKY in North Vancouver.
OPEN HOUSE: Sunday, April 22 2:00pm-4:00pm

THE MAPLES - Often sought, rarely available end unit-3 level townhouse with 3 bedrooms up, finally awaits in this tranquill yet conveniently located, well maintained complex. Many updates including Hardwood floors on main & warm, comfortable cork flooring on upper level. Large dining & living rooms with featured woodburning fireplace & glass sliders to private 388 sq ft fenced patio. Renovated kitchen with newer appliances, breakfast bar & walk out to the patio. Both baths (main floor powder room and upstairs main bath) have been renovated. Newer windows throughout & renovated lower level makes for a perfect family "hang-out", great office or 4th bedroom. Complex is set-back from Mt Seymour & adjacent to a golf course. Close to shopping, skiing, beaches, schools & Deep Cove! Ideal for kids & pets.

Other Features:

Salt...

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