The outlook for North Shore Real Estate - North and West Vancouver Property
As one of the most densely populated municipalities in the Greater Vancouver region, North Vancouver takes a comprehensive approach to building a sustainable community. Social, environmental, and economic considerations are integrated into the Official North Vancouver Community Plan, one of the City’s most important policy documents. The City’s OCP serves not only as a land use planning guide, but it also provides long-range direction for North Vancouver real estate development, enabling North Van to be a vibrant, diverse and highly liveable community. West Vancouver real estate, on the other hand, focuses on more intimate boutique projects including master-planned single family home and townhome communities. Also, there are very boutique and urban chic waterfront pre-construction West Vancouver real estate condo properties on the go as well, but they are in a different price category.

North Vancouver Property Market on the Rise
For many decades, the North Vancouver real estate market didn't move too much in terms of new construction properties as well as rebuilding and revitalization of older neighbourhoods. However, that has all changed. With its close proximity to downtown Vancouver as well as the North Shore mountains, the new North VAncouver property market has grown faster than most other municipalities in the Lower Mainland. Most of the new construction in North Vancouver is focussed in the Lower Lonsdale community where you will see massive pre-construction condo developments on the go. The large Pier Lower Lonsdale North Shore project will be home to over 8 high-rise condominium towers, many of them waterfront and having unobstructed views of the downtown Vancouver skyline. Luxury living in the Lower Lonsdale area has never been attainable until now, and homebuyers are snatching up any condo residence they can find, both new and old. In addition, real estate investors are having a field day with purchasing property in the North Van Lower Lonsdale corridor as the rental vacancy rates have reached all time lows and there is a huge shortage of housing on the North Shore.

New Condo Developments along Lower Lonsdale and Central Lonsdale are transforming North Vancouver
A classic example of the transformation of Lower and Central Lonsdale in terms of the NOrth Shore real estate market: Intracorp Moves up to Central Lonsdale to build Vista Place, with pre-construction apartments and townhomes that have panoramic views of the Vancouver city skyline, the harbour and the mountains. Take a drive up the Lower Lonsdale corridor in North Vancouver and you will observe an area under dramatic transformation. Lower Lonsdale has been revitalized – with a new, pedestrian friendly waterfront, a host of new pre-sales residential condo towers and shops, services, and trendy restaurants. Further up the North Shore hill, where the views are unparalleled, Central Lonsdale real estate in North Vancouver is also burgeoning, helped in part yb the new civic centre, which North Shore planners say will help breathe new life into the heart of Lonsdale. Such real estate revitalization in Vancouver doesn’t happen overnight. It is the result of careful planning and requires vision from pre-construction builders and real estate developers such as Intracorp Group of companies.

The veteran property developer first demonstrated its commitment to the corridor of Lonsdale in the North Shore real estate with Ventana condos in Lower Lonsdale, its highly successful residential apartment development on West Second and Chesterfield. Now under construction, the presales Ventana Condos North Shore offers stunning views, modern luxury, access to amenities and a variety of floor plans to choose from. Encouraged by the success of Ventana, Intracorp has now set its sights on the next up and coming area, Central Lonsdale. For its Vista Place North Vancouver real estate project, it hs chosen a sunny corner of 13th Street West and Chesterfield Avenue with panoramic views of the Vancouver city skyline, Stanley Park and harbour and the mountains. Plans for the pre-construction property at Vista Place Living on the North Shore is for two mid-size condo towers connected by a row of townhomes, creating an urban village atmosphere that blends easily with Lonsdale Avenue’s eclectic mix of shops, boutiques, and restaurants. The Intracorp Vista Place condo project pre-sales has made very effort to ensure tha the design is framed by a love of the city and the natural surroundings for which North Vancouver is famous for. It is the only contemporary view tower in North Vancouver that has applied for Silver LEED certification for healthy buildings. The North Van real estate team at North Shore’s Vista Place Living is not surprised that this presales condo development has been a popular choice for homebuyers looking for value, convenience and a sound real estate investment. “The redevelopment of Lower Lonsdale North Shore market has resulted in a dramatic rise in property values. We predict that the civic centre redevelopment in Central Lonsdale will yield similar results.” For more information about Vista Place presales condos in north Vancouver, please call 604.904.8587 or visit www.vistaplaceliving.ca. There are only 2 bedroom suites left from $565,900 and two bedroom plus den presales Vista Place condos from $749,900. the presentation centre is located at 118 West 13th Street in North Van.

The newest Lower Lonsdale real estate properties include such condo tower residences as: Times Buildings, One Park Lane, Sky Tower, Q on Lonsdale, Coronado Condominiums, The Pier (Espanade West, Esplanade East, The Pier Hotel Residences, The Landing), Ventana by Intracorp and some under review like the Millennium Group Site 8 project. Other North Shore Central Lonsdale real estate properties on the go include: Vista Place Living, Alina CityHomes and Townhomes, Avondale Townhomes, NoMa on Marine Drive, Touchstone Living, Mira on the Park luxury condos and townhomes and the up and coming Evoc and Branches developments.

West Vancouver Real Estate - A Market in Transition
Forever the most expensive place to own a home in the Lower Mainland, West Vancouver real estate is coming out blazing with new projects that are focussed on densification of the Park Royal and Rodgers Creek areas of the city. With distinct neighborhoods already built out in Ambleside, Dundrave, the British Properties and other areas, the new West Vancouver property market focusses on sustainable housing, low-rise dense condo communities and other pre-construction master planned townhome neighbourhoods that make it more affordable to a larger number of homebuyers. But don't get it wrong... the new consruction properties in West Vancouver will still command a huge dollar figure but you will be assured a great location, amazing features and finishes and outstanding living areas for your new home or condo, whichever you are looking for. Traditionally, most of the new development properties in West Vancouver's real estate market focussed on single-family homes built up teh North Shore mountains. This will continue as the shortage of land on the North Shore reaches a very critical level. However around the Park Royal grounds of West Vancouver, we have seen some recent luxury pre-construction condos being developed and planned, including the luxury Water's Edge residences as well as the up and coming Evelyn Park Royal condos on the North Shore. These will provide much needed housing on free hold land for purchasers or investors looking to rent out these new luxury homes. Other real estate builders and developers have focussed on the higher North Shore mountain communities to build the most luxurious and prestigiuos townhome and condo communities such as the Argyle, Boulder Court, and The British Properties by the Quigg Group. You can expect to pay a minimum of $700 per square foot for such residences .. and sometimes they command more than $1000/ sq ft as well.

The Communities of Interest in West Vancouver Property
If you are interested in purchasing a WEst Vancouver home or luxury condo, there are only a few new developments that may interest you. First of all, the Water's Edge real estate North Shore offering will provide luxurious condominium homes in a masterplanned setting along the water. Evelyn Park Royal condominiums will be the latest condo real estate release in West Vancouver and these will be marketed by Rennie. A big development plan is undergoing city council review right now for the West Vancouver Rodgers Creek real estate community north of the Uppers Level Highway. There are plans to build a large neighbourhood complete with new West Vancouver single family homes, townhomes and low-rise concrete condo residences. Other than that, you may want to look further north up the Sea to Sky Highway real estate in the North Shore for other waterfront and prestigious communities.