About Richmond's Tera Nova

Richmond British Columbia, Canada - How Affordable to Own a Richmond Terra Nova Townhouse Unit?

In order to have a sample calculation of how much can a home buyer afford a unit in this admirable Richmond Terra Nova neighbourhood, let us take for example a particular townhouse unit that is selling below 470K, which was recently featured in this blog site.

If a property is being purchased at a price of $469,800 by qualified mortgage borrowers, and the buyers have savings equivalent to five percent (5%) of this amount ( which in this case would at least be $23,500), then the loan amounting to 95% of the purchase price will have to be advanced by a lender approving of a mortgage sought by the borrowers.

In this case, the qualified mortgage applicants or buyers are looking at paying an approximate monthly amortization of $2,400+ (based on approved credit, with 35-year amortization period), at an estimated interest rate of 5.34%.

Somehow, if you are a renter in this Richmond area, you may be looking at the same, if not almost close to the monthly amount for rental payment for a home that fits a medium-size family.

So, if one has financial resources, with track record of good credit and stable income that can service the mortgage payments for a property, then home ownership may be calling you now.

As home buyers or mortgage borrowers may have different financial profile, It is best to look at your financial options and find an opportunity in this home buyers' market. Please call 778-896-4493 to find out what options may be available for you.

The Terra Nova Neighbourhood in Richmond BC

When one is looking at home ownership possibility, location is apparently the very very first thing to look at. "What kind of environment does it have?" is a usual question and a great factor to consider.

As several properties in the Terra Nova area are available in the current market, it is very timely to feature the neighbourhood so people may have a better idea of what this popular Richmond area promises.

If one has to describe this enchanting neighbourhood, one can't help but mention that Terra Nova indeed is a place for nature lovers.

The setting is unique in such a way that one enjoys the beauty and view of mountains, river and wildlife while strolling along the west side dyke. Travellers do enjoy the adventure either through walking or biking.

The location is a plus as it is just across from the airport area.

Art and photography lovers can certainly grasp a good view of migrating birds or some other
interesting subject that may be experienced by going to this Richmond Park.

Great Terra Nova Townhome Unit ideal for family!

Here's a Terra Nova Townhome Unit that offers great features and benefits.

For a family that's looking for a property that is located near school, transportation,
shops and various social services, this unit might be something you might be waiting for.

In addition to proximity and access to convenience, the unit certainly boasts of quality
and style. The property has new carpet, laminate flooring, moulding, kitchen tiles; and
4th bedroom could be an office or rec/hobby room. The unit has also front yard with garden.

This unit may be viewed on Saturday or Sunday between 1:30-3:00pm.
You may also call 778-896-4493 for other details.

Richmond Terra Nova TownHomes

There about sixteen (16) units in the Richmond Terra Nova neigbourhood actively listed as of today in the Multiple Listing Service (MLS).

This shows that home buyers who are from Richmond or even those who come from the neighbouring cities can now have the opportunity to look into that option of owning a piece of property in a setting that
reflects nature and admirable community.

Home owners in the Terra Nova neighbourhood do enjoy access to easy shopping in the Terra
Nova Shopping Mall, Save-on-Foods, Starbucks, and other retail stores, banking and health
services located in No. 1 Road and Westminster Highway; not to mention a short walk to dining
and fitness facilities.

If you would like to view the units available in the area of Terra Nova, please call 778-896-4493 to arrange a viewing schedule.