Real Estate

Nicholas Meyer and Lisa Taylor discuss the current market in Vancouver suite rentals.Downtown Suites Ltd.

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Nicholas Meyer and Lisa Taylor of Downtown Suites Ltd. in Vancouver BC discuss the current rental rates.

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Nicholas Meyer of Downtown Suites Ltd. discusses the benefits of professional property management for real estate investors.

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Nicholas Meyer’s latest video market update for Winter 2009 is posted on the Downtown Suites News Site. If you are viewing this info in your feed, here’s the video:

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Nicholas Meyer introduces Frances Hui, who represents Downtown Suites at events, meetings and celebrations around Vancouver. Recorded at Coast Restaurant.

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Just posted the new Fall Update in our featured video section. If you are getting this from our newsfeed, you can see the video here:

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We would appreciate any referrals you may have in regards to your clients who have purchased for investment and who may be looking for a property manager and potential tenants.  It could also be a value-added service from you, to be able to recommend the property management services of a reputable company such as Downtown Suites Ltd.

As you may already know, Downtown Suites Ltd. is a firm of proven, professional, caring and conscientious people; the kind of people you can depend on. I have personally been in the industry since 1978 and I started Downtown Suites back in 1994.  We own our own offices, clear title, at Conference Plaza and  have five fully qualified licensed property managers on staff and two in house accountants to ensure that everything is well organized.  In addition, all funds are held in trust for the client and our books are audited annually by the Real Estate Council. Our aims in managing our client’s property are high, and our fees are very fair and reasonable. (8% for ongoing 24/7 management – no up charging and 1/2 a months rent to secure tenants)  We continually strive to offer the finest condominium property management service in downtown Vancouver.  We pride ourselves on service, and we will do whatever necessary to make you look good.  Please review our web site for further information on our company:  www.downtownsuites.com

Your clients are always your clients, your name is on the file and is always referred back to the client should they advise they wish to make any real estate transaction.  In addition we are happy to send a fine dining certificate to Top Table Restaurants (Cin Cin, Blue Water Café etc) to you to show our appreciation.

Thank you once again for considering us, we appreciate your business.

Sincerely,

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Whether it’s golfing, sailing, or skiing, you can enjoy more of it when you put your property in our hands.

Downtown Suites, a boutique property management company, specializes in management of strata-titled suites, apartments, town homes and town houses in Downtown Vancouver and the Westside. As licensed professionals under the B.C. Real Estate Act, we have been serving our clients for more than 25 years.

We provide expertise and individual attention to all the properties we manage. We offer comprehensive, fully customized suite management. Our clients enjoy profitable and carefree ownership.

Find out how we can help you manage your property!

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Here’s some good news from the British Columbia Real Estate Association:

August Home Sales Continue at Brisk Pace

Vancouver, BC – September 11, 2009. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 66 per cent to 8,565 units in August compared to the same month last year. The average MLS® residential sales price in the province climbed 12 per cent to $471,078 from $421,685 in August 2008.

“Homes sales continued at a rapid pace in August,” said Cameron Muir, BCREA Chief Economist. “Attractive home prices and low mortgage rates were key drivers in the market.”

The number of active residential listings declined 20 per cent over the past year, with August posting 26 per cent fewer active listings than the peak in December 2008 (seasonally adjusted). “Home prices edged higher in many markets over the summer months as declining inventories created competition among homebuyers for the best properties.”

Year-to-date, MLS® residential sales dollar volume declined 2 per cent to $25 billion over the same period last year. A total of 54,945 units were sold in the first eight months of 2009, up 1 per cent from 2008, while the average MLS® price declined 2 per cent to $454,769.

For the complete news release, including detailed statistics, follow this link: www.bcrea.bc.ca/news_room/2009-08.pdf.

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