Address: # 1004 4425 HALIFAX ST, BURNABY, BC V5C 6P2
List Price: $389,000
Built: 2000
Bedrooms: 1 + Den
Bathrooms: 1
Description: SOLD! ’POLARIS’ built by well respected builder, Bosa! Outstanding deck with 180-degrees view of Southern Burnaby and Vancouver. No building close by looking in. Interior condition is good. Large living/dining area perfect for entertaining. Lots of storage with on insuite storage room + a locker in the building. Lots of windows gives this suite a bright & spacious feel! ’Peace of mind’ security with a night watchman. Walking distance to new & improved Brentwood Mall and skytrain. Short 20 minutes drive to Downtown Vancouver & 15 minutes to North Vancouver. Early possession is available. Well looked after building and its surrounding grounds!

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http://www.cbc.ca/money/story/2008/04/10/mortgage.html

Canadian banks have begun to lower fixed mortgage rates to their lowest levels since last spring.

RBC Royal Bank announced Thursday that it would chop most of its mortgage rates by a fifth of a percentage point, effective Friday. TD Canada Trust and BMO Bank of Montreal followed later with similar cuts.

The posted rate for a five-year closed mortgage drops to 6.99 per cent. That‘s the first time the posted rate for the popular five-year term has been below seven per cent since last May.

The posted rates for a one-year closed mortgage falls to 6.95 per cent. 

The Bank of Canada has cut its key overnight lending rate by a full percentage point since early December as it tries to keep the Canadian economy from following the U.S. into recession.

That‘s led to a similar one percentage point drop in variable rate mortgages and other floating rate loans tied to the banks‘ prime rate.

But fixed mortgage rates have been much slower to drop. Since the start of December, the posted five-year fixed mortgage rate has fallen by two-fifths of a percentage point, counting Thursday‘s rate drop.   

Longer-term mortgage rates reflect the cost that banks pay to borrow money in the capital markets. Analysts say the global credit crunch — triggered by the U.S. subprime mortgage crisis — has made it more expensive for Canadian banks to access funds.

A further cut in the Bank of Canada‘s key lending rate is expected when the central bank makes its next scheduled announcement on April 22, so borrowers can look forward to a corresponding drop in their variable rate mortgages then.

Address: 32081 Van Velzen Avenue, Mission, BC
List Price: $294,900
Sold Price: $281,000
Built: 1954
Bedrooms: 2
Bathrooms: 1
Description: Very cute remodeled 2 bedroom rancher. Original hardwood flooring. Large flat unsable lot with driving access to the 16 x 20 shop with 220 power, RV parking, backs onto elementary school, great location. Priced to sell!

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Address: 4525 Darwin Avenue, Burnaby, BC V5G 3E7
List Price: $718,000
Sold Price: $700,000
Built: 2002
Bedrooms: 4
Bathrooms: 1
Prime Burnaby Hospital location! Quiet street! Mountain view from top floor. 1,375 sq ft on main w/2 family rooms, full bath & a bdrm. Suite potential. Excellent interior condition! Large kitchen w/maple cabinets/granite countertops, new laminate floors on main. 10’ ceilings on main, open to below foyer. Large, covered outside deck on the upper floor, private, W facing backyard w/a wooden deck off of the family room. Hot tub, garden shed, back lane, crown mouldings, jetted ensuite tub, 5 ceiling fans, new fridge, tile window sills and etc...Convenient location, near BCIT, schools, transit, hospital, Metrotown, Brentwood Mall. Easy HWY access, 20 mins drive to downtown, 30 mins to airport & 15 mins to North Vancouver.

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Address: # 8 7561 HUMPHRIES CT, BURNABY, BC V3N 4K9
List Price: $259,900
Built: 1981
Bedrooms: 2
Bathrooms: 1
Description:
Southwood Estate’s Garden Apartment. Enjoy the privacy & quiet provided by fully fenced garden setting that can be accessed by the living room and bedroom. Excellent interior condition! New wide plan, laminate flooring; recently repainted ceiling/walls, new light fixtures throughout; new hardware, 8 year old fridge. New large wooden deck that is also partially covered. Move-in condition. No unit close by looking in! Close to the New Highgate Mall! *Newer tile in the bathroom;*

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