Friday, February 27, 2009

Profile on the Aquilini Investment Group Greater Vancouver and BC Real Estate Builders - Over a Century Worth of Experience

The Aquilini Investment Group – The Company and Team

The Company: Aquilini Investment Group’s unparalleled reputation is built on a long-time legacy of success and involvement throughout Vancouver. Respected for their commitment to growing neighbourhoods like King Edward Village and developing other premier presale Vancouver condominium residences, Aquilini Investment Group’s involvement in the community extends beyond development. As owners of the Vancouver Canucks, and an Official Sponsor of the Vancouver 2010 Olympic and Paralympic Winter Games, Aquilini Investment Group has a deep stake in the well being of British Columbia. The Team: The Aquilini Investment Group has brought together the industry’s best, providing Aquilini Development with over a century’s worth of experience. David Negrin has 31 years of real estate development and construction experience and is the former president of the Urban Development Institute. With 30 years of civic service, Larry Beasley’s achievements in land use and planning have reshaped Vancouver’s city centre creating a model for city planner worldwide. Barry Savage of Aquilini Developments has 15 years of property development and planning experience as an integral part of the Concord Pacific neighbourhood. Bob Rennie and Rennie Marketing Systems brings 34 years of design, marketing and sales experience to the Aquilini Investment Group.

The Aquilini Investment Group Real Estate Portfolio

Richards Living: Introducing Richards, a rare defining modern centerpiece in the heart of Vancouver. Aquilini Development will build one of the area’s final high-rises in the heart of downtown Vancouver real estate market. The 18 storey condo tower and 8 storey podium will house 225 units. Two 1907 heritage homes will be relocated to the corner of Helmcken and Richards and restored to their original glory. Visit for details. The Maynards Block: The Maynards Block is located at 415 West 2nd Avenue in Vancouver. Aquilini Development will preserve and restore the historic brick Maynards Auctioneers building. The additional 13 and 9 storey buildings will bring 245 homes to Vancouver’s up and coming neighbourhood of South East False Creek real estate market. Please visit for details. 24 Kelowna Condos: At 24-storeys, Kelowna’s newest high rise will certainly leave its mark with 201 homes gracing the skyline at Bernard and Pandosy. Modern finishings, large outdoor spaces and air conditioning will make 24 one of Kelowna’s most desirable real estate developments. Visit for details.

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Friday, February 20, 2009

Vancouver Residential Property Developer Focus - Ledingham McAllister Building BC since 1905 - One of the top Vancouver builders is LEDMAC

Discover Ledingham McAllister Real Estate Developers – Building BC Since 1905

Looking Ahead for Ledingham McAllister Properties – A special article published in the New Home Buyers Guide in March 2008. Now well into its second century, Ledingham McAllister continues to reach for new heights as one of British Columbia’s most respected real estate builders. To reflect the increasing scope of their work, in March 2008 the Ledingham McAllister Builders moved its headquarters to spacious new offices in the recently refurbished Evergreen Building at 1285 West Pender Street. One of Vancouver’s most avante garde office towers when it was designed by renowned architect Arthur Erickson in 1981, it seems fitting it is the Evergreen Building that will provide much needed space for further expansion of the Ledingham McAllister’s real estate empire.

But CEO Ward McAllister is quick to stress growth will never come at the expense of the Ledingham McAllister real estate builder’s mission statement: to not only meet but exceeed customer expectations. “We have been building for a very long time, and our reputation is absolutely paramount to us,” he says. “Our communities are built to an extremely high standard with above-average finishing details, and are designed to be as maintenance-free as possible. I love the creativity involved in designing homes people truly want to live in and offer enduring value,” he acknowledges. “Most of our Ledingham McAllister home buyers are homeowners so this is probably their single largest asset. The greatest reward is when comeone comes up to you and syas: I am so thrilled with the home you built for me – thank you.”

And while draft horses and hats, jackets, and ties are no longer seen on contemporary job sites of Ledingham McAllister real estate developers in Greater Vancouver, there’s no question the commitment to superior quality Ledingham McAllister represented at the turn of the previous century lives on in the 21st. In a fast changing real estate world, Ledingham McAllister will continue to be a pioneer, leading the way to new levels of excellence and creating communities where Ledingham McAllister home owners can experience life on their own terms, secure in the knowledge they are backed by the reputation of a Vancouver real estate company that helped build BC into the province which lays claim to being “the best place on earth” to live, work and play.

Contact Information for Ledingham McAllister: 1285 West Pender Street, Vancouver, BC – 3rd Floor. Telephone is 604.662.3700 or

The Official Strategic Move to Residential Property Development

Now president and CEO, Ward McAllister joined Ledingham McAllister real estate builders in 1983 fresh out of university. By the end of the decade he was a full partner and the company was renamed Ledingham McAllister Properties as it is known today. After working side by side for 20 years, Bruce W retired and Ward decided it was, once again, time for a new focus. Gambling on the housing market’s historic trend to lead BC out of recession, Ward led Ledingham McAllister on a mission to land acquisition for residential real estate development. The gamble paid off, and by 2004, Ledingham McAllister Proepries became the second largest real estate builder of wood frame condominium homes in BC and has now begun building a solid reputation as real estate developers of trendsetting high-rise concrete condo towers in Vancouver. So popular are Ledingham McAllister projects become that most are sold out long before construction is completed.

“When people look to Ledingham McAllister Properites, they see a real estate builder that’s deeply rooted in the very fabric of this province’s history,” says Senior Vice President of Marketing, Manuele Mirecki. “As BC celebrates its 150th Anniversary, it’s so exciting to know that we have been right there helping to build this province for more than 100 of those years – we are the only construction company in this province who can say that.”

With longevity, she stresses, comes responsibility – a responsibility that continues to be a driving motivator in Ledingham McAllister’s quest for excellence. “We have been a trendsetter for over a century, so people have the security of knowing they are dealing with an established builder, a real estate builder with experience and expertise in every facet of BC construction – from infrastructure to commercial to residential. And our commitment to after-sales service is exemplary.”

Although almost reticent about the numerous awards Ledingham McAllister Properties has received over the years, Ledingham McAllister real estate developers continues to receive a steady stream of accolades from consumers and industry peers. Most recently, Somerset by Ledingham McAllister Properties, an exclusive collection of only 18 attached homes set within a private, gated community on the grounds of the University of British Columbia, was awarded the title of Best Ground-Oriented Residential: Multi-Family in the prestigious 2007 Urban Development Institute’s Awards for Excellence in BC Construction. However, never one to rest on past successes, Ledingham McAllister Properties continues to embrace opportunities of not only meeting but exceeding the demands of today’s sophisticated, urban-savvy residential marketplace.

Ledingham McAllister Has Over 100 Years of Quality, Commitment and Integrity

Ledginham McAllister has long been recognized as a leader in the construction and real estate development industry throughout British Columbia. Now well into our second century of operation, Ledingham McAllister property builders reachds for new heights as one of British Columbia’s oldest and most respected builders. We are dedicated to the creation of quality homes in superior locations and providing our customers with long term real estate property value. Our past was built on it, our future depends on it. Final masterpiece is now selling at the Varley at Brentwood Gate in Burnaby real estate market by Ledingham McAllister. The craftsman inspired one, two and three bedroom homes will be your final opportunity to purchase in the highly coveted Brentwood Gate community in Burnaby real estate market. Now selling and prices for Varley apartments at Brentwood Gate start from $269,900. The Final Residences at the pre-sale Burnaby Fitzgerald at Brentwood Gate master planned Ledingham McAllister community features the final opportunity to live in the landmark condo tower within this highly successful new neighbourhood. Move in today! Move in this Spring into the Burnaby Silhouette condo tower residences by Ledingham McAllister at these stunning high-rise condo residences that soar above Lougheed Town centre and are just steps from the shops and services of the new Norrthgate Village community. Coming Soon by Ledingham McAllister is the Century Vancouver condos for sale which is a collectin of contemporary west coast style low-rise condo residences that will revitalize one of Vancouver’s first neighbourhoods. The Ledingham McAllister pre-construction Vancouver Century condos are coming soon. Also coming soon is Memento Burnaby condos by Ledingham McAllister. The craftsman inspired four storey residences, located in theheart of Brentwood Town Centre Memento Condos are nearby a myriad of shops, services and amenities.

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Hollyburn Properties features the Central Lonsdale Marlborough Tower North Vancouver Rental Apartments and Condos for Rent - North Shore Rental Market

Hollyburn Properties Presents the Marlborough Tower North Vancouver Rental Condos

Spectacular North Shore living is now available at the North Shore Marlborough Tower residences located in Central Lonsdale, North Vancouver rental condo market. Featuring studios, one and two bedroom suites with spectacular ocean, city and mountain views, most of these North Vancouver condo rentals and North Shore apartments for rent have great balcony spaces as well. With gated underground parking and just steps from main transportation routes, shopping and dining, the Hollyburn Properties Marlborough Tower rental apartments in North Vancouver are a unique find in today’s ultra tight North Shore rental market. Adjacent to the new library and walking distance to Lions Gate Hospital, this recently refurbished rental apartment building at Marlborough Tower residences in North Vancouver feature a great location along Central Lonsdale complete with recreational amenities in addition to having heat and hot water included with your rental price. No pets are allowed at the North Shore Central Londsale rental suites at Marlborough Tower condos for rent which are located at 144 West 14th Street on the North Shore. Call 604.983.6920 or visit for more information, availability and to arrange a viewing. The rental Marlborough Tower apartments are managed by Hollyburn Properties, a trusted management company based locally.

A Recent Article from Home Renters Guide of Greater Vancouver

Written by Susan B., this is an excellent article that talks about the popular North Shore Marlborough Tower rental apartment suites that are now available in the Central Lonsdale neighbourhood. “There’s something enticing about North Vancouver. Among my friends, those who live there seldom move away. For some, it’s the proximity to Grouse and Seymour, others spend hours describing the delights of sailing and canoeing at Deep Cove or summer picnics at Ambleside. And, of course, there is the Lonsdale Quay, Presentation House Theatre and Art Gallery, plus a whole lot of festivals ranging from traditional to way out there fun’n’funky – Carribaean Days are always a summer highlight on my calendar. And right at the centre of the best this vibran Central Lonsdale neighbourhood has to offer is Marborough Tower rental North Vancouver apartment suites – 24 storeys of premiere rental suites by Hollyburn Properties on the North Shore. The location adjacent to North Vancouver’s new civic library and only a few blocks from Lions Gate Hospital has been described as awesome, fantastic, way cool and unbeatable – depending primarily on the age group. Access to Highway 1, Capilano College, SFU, BCIT and Whistler is a snap. But whether young or old, all agree this is one tough to beat place to call home, here at the Marlborough Towers North Vancouver rental apartment homes in Central Lonsdale.

The Lifestyle and the Marlborough Tower Rental Suites

Most of the suites at the North Shore Marlborough Tower rental apartments have been renovated within the last few years with new dishwashers, cabinetry, vertical blinds as well as new tiling in the entryway, bathrooms and kitchen and with new flooring as well. The lobby of the rental building at North Vancouver’s Marlborough Tower residences by Hollyburn has also been completely renovated to give it a contemporary and sophisticated look that renters are looking for. Some other strong features of the Marlborough Tower rental condos is the Hollyburn Value Added Partners, where tenants can enjoy great deals from places like ING Insurance, CostCo, Shaw, Coop Auto Network and many other places, which gives it a sense of community. Located at 144 W 14th Street in North Vancouver, the rental suites at Marborough Tower condominiums presents one and two bedroom homes as well as smaller studio plans. Providing a maintenance free lifestyle, the North Van Marlborough Tower rental apartments is taken care of by Hollyburn and the existing tenants have nothing but great things to say about their management company. With a prime location in Central Lonsdale and with views of Lion’s Gate Bridge, Stanley Park, downtown Vancouver and Grouse Mountain, tenants at the rental suites at Marlbourough Towers rarely need to use their cars. According to Mary, “I think the only way I’d move now is if I had to move to another city. I love living here.”

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Is It The Right Time To Buy Vancouver Real Estate? Low Interest Rates and Falling Housing Prices Make It A Good Time to Consider Investing in a Home

Vancouver Real Estate Update April 2009 – New Stock of Vancouver Condo Units Dwindling

In a recent study and analysis of Vancouver real estate inventory, it came as a shock for many homebuyers and real estate investors/analysts that the housing stock is dwindling in the City of Vancouver as of March and April 2009. According to 24 Hours Vancouver newspaper, Dharma: “Prices for new Vancouver housing real estate stock have hit the floor, according to the man who launched a series of bulk real estate sales across the region. According to Cameron McNeill, president of MAC Marketing Solutions, he said that his latest condominium Vancouver promotion, which started on March 20th, 2009 and represents over $110 milion in Vancouver home sales at four real estate developments, could be the last of its kind as vacant properties in the Lower Mainland and Fraser Valley built before the economic downturn are filling with residents. “New [Vancouver real estate] developments cannot come to market at these values,” McNeill said. “They don’t make economic sense or every few of them do.” A further drop in Vancouver new home sales prices may not be in the cards according to MAC Marketing solutions as well. “I think that we’re going to see that we’ve found the floor and we’re going to be staying close to these prices –for six months to at most a year – and then we’re going to see a slow appreciation.” But Tsur Somerville, associate professor at UBC’s Sauder School of Business, said projecting an economic recovery in the Vancouver real estate market is no easy task. “People in the business of selling talk about the economy stabilizing and starting to come around and then there are others who aren’t so optimistic,” Somerville added. “There’s a consensus that prices [for Vancouver real estate housing] have further to fall. What there’s not as much as consensus on is when things start turning around.”

Vancouver Real Estate Market Downturn or Property Market Opportunity?

We are in a Greater Vancouver/Lower Mainland housing market that has definitely changed from the furious pace of the last few years. While the media slowly tires of sensationalized stories of a crash, industry experts watch as Vancouver real estate opportunities emerge. And I ask, is this a market downturn or a market opportunity? A special advertisement provided by Polygon real estate developers in Vancouver. Economic Slowdown: After six years of exceptional growth there is no doubt British Columbia now faces a more difficult challenge. With the financial crisis and global economic slowdown new challenges have emerged in the Greater Vancouver real estate market and will become the stories of 2009. Home Prices Within Reach: The bad news is not unfamiliar, home prices in Greater Vancouver have fallen. But is this really bad news? For those renters looking to get into a new home, home prices in the Lower Mainland are within reach for the first time in years. For those that currently own a Vancouver home, the news isn’t all that bad either. Sure, the price of your home may have correted, but so too has the dream home you aspire to own. Do the math; a 10% reduction on fthe cost of a more expensive home represents a greater savings to you than a 10% reduction in your own lower priced Vancouver home. In a booming real estate market the reverse is true. Today’s lower prices in the Greater Vancouver real estate market clearly presents an opportunity to purchase for many. Interest Rates Lowest in Years: With recent drops in lending rates from the Bank of Canada, a prospective homeowner now stands the chance of getting a home financed at some of the lowest mortgage rates in fifty years. For many, the difference between a mortgage payment on an average priced home six months ago and one made today can represent savings of hundreds of dollars a month or thousands a year, clearly an opportunity not to be missed in today’s Lower Mainland real estate market! Strong Political Leadership: Our country is now facing some challenging political times; however, thanks to Premier Gordon Campbell, and the efforts of our B.C. Liberal Government, British Columbia offers some of the most competitive personal and business tax rates in Canada, and is leading the country in job creation, economic strength, business confidence and fiscal responsibility. Consumer Confidence: Let’s be honest, with such great real estate Vancouver prices, low interest rates, plenty of choice and all the buying power a prospective homebuyer could ask for, the only thing keeping people from acting is fear. I suggest that if you are planning to stay in your home for five years or more, there has never been a better time to purchase a new Vancouver home. Think about it, smart homebuyers buy in a buyer’s market. Even this past fall, we saw many smart people taking advantage of today’s opportunities in the Lower Mainland real estate market as we closed over 300 sales int eh last three months of the year. Real estate markets change but two things remain constant: the desire to live in well designed homes, and Polygon’s commitment to building them well. After building more than 18,000 homes in Greater Vancouver real estate market, over the last 28 years, Polygon continues to be confident in the future of British Columbia. If you are thinking about upsizing, downsizing, or getting into your first home, I encourage you to take advantage of today’s Vancouver home buying opportunities. The advice I share with friends and family is to buy the best home you can afford in the best neighbourhood for your search area in the Lower Mainland. Visit a Polygon community in your area this weekend and we’ll help you find the new home that’s right for you. In the long run, you will realize the value to yourself and your family of owning a home int eh great Province of British Columbia. Neil, Present and Chief Executive Officer for Polygon.

Polygon Builders Report Steady Sales in South Surrey Real Estate Market

According to a Vancouver Sun special advertorial by Polygon, the home buyer’s response to amenities and value make Polygon’s Kaleden and Cathedral Grove at Morgan Heights in the new South Surrey a success this year. “There’s a reason that the quiet treed corridor along South Surrey’s 158th Street has become a such a popular place. It could be the allure of the stands of mature evergreens set against a backdrop of the North Shore Mountains. It could be it’s proximity to the lively new shopping district of Morgan Crossing just a short walk away. But most likely, it’s the combination of these factors and the quality, design and value of Polygon’s latest new home communities Kaleden and Cathedral Grove in Morgan Heights, South Surrey real estate market. AS the saying goes, few factors have the ability to secure a home sale quite like the age-old adage ‘location, location, location.” And Kaleden and Cathedral Grove by Polygon in Morgan Heights community stands as a testament to this, offering Vancouver homeowners a convenient doorstep to one of the liveliest new neighbourhoods the Lower Mainland reale state has to offer at Morgan Heights. Walking distance to a brand new and expansive selection of urban village style boutique shopping and dining, a short drive to the sandy beaches and shorelines trails of White Rock real estate or the lush greens of Morgan Creek Golf Course, Polygon’s two new communities at the South Surrey Kaleden homes and Cathedral Grove houses sit among the best this area has to offer. But if fun in the sun in the sunniest place in the Lower Mainland real estate market proves not to be enough then Steve Nash’s 38,000 square foot fitness centre (coming soon to Morgan Heights South Surrey) or the arena, pools, and other amenities of the local South Surrey Athletic Park are sure to fill your day for even the most active of families. And with easy access to the highway a weekend trip to Seattle or the outlet malls across the border are conveniently close. For young families with children, or newlyweds with plans for kids and ht eprospect of school on the not too distnad horizon, the options are equally promising at the Morgan Heights community of South Surrey real estate market. The top ranked Southpointe Academy is at the end of the street for those interested in private school; or, with the city’s approval of a new public elementary school slated for the land across the street, a quick trip home ofr lunch could be in the cards for the kids of Morgan Heights Kaleden and South Surrey Cathedral Grove home communities in the very near future. “A strong selling point for our homebuyers is certainly our central location,” says Cathedral Grove Sales Manager Laura. “But for many it is what they find on their arrival that sets us apart from the rest,” she says pointing down a winding path through stands of mature evergreens that tower over a central amenity clubhouse here at the Morgan Heights South Surrey Cathedral Grove and Kaleden home communities. “Our favourite part is the trees,” says Cathedral Grove homeowners. “During our first visit we noteiced the clubhouse. It was beautiful, sow e walked over to have a look. The pool was fabulous, the barbecue was on, and the ambience was great!”

The Evergreen Club at Morgan Heights and More Info

The Evergreen Club South Surrey, a breathtaking 7,500 square foot country club inspired clubhouse, features a beautiful outdoor pool and spa, state of the art media room, fireside lounge, and more, to which residents at both Polygon South Surrey Morgan Heights communities receive exclusive access. In addition, with two guest suites that homeowners can reserve for visiting house guests, and a resident manager who ensures everything runs smoothly, owning a home at Cathedral Grove Polygon homes or Kaleden South Surrey truly is a resort inspired experience. With many new homeonwers having already moved in, the community is quickly coming to life. Residents of both Polygon communities in the South Surrey community were recently treated to one of their first official neighbourhood events: a Wine Tasting party hosted in the inviting fireside lounge of the Evergreen Club by local wine merchant Liberty. The evening marked the first of many more events to come at the Evergreen Club of Morgan Heights as both communities continue to grow and welcome the new neighbours who will make their home at Kaleden or Cathedral Grove by Polygon Homes. On the home front, it doesn’t take long to fiture out the appeal of owning a Polygon home. Whether it’s a contemporary two or three bedroom floor plan at Kaleden Morgan Heights or a spacious four bedroom at Cathedral Grove South Surrey real estate, the quality, design and value Polygon delivers in every home is evident. Distinguished for its remarkable affordability while including designer finshings, such as integrated cabinet paneled appliances, granite countertops, and warm wood style flooring, it is not surprising Kaleden Morgan Heights South Surrey homes has been reconized as the fastest selling townhome community in all of the South Surrey real estate market. For htose families looking for some additional space and finer details, Cathedral Grove at Morgan Heights offers home up to over 2100 square feet, gourmet kitchens well equipped with Bosch appliances and granite countertops, and the conveniences of two car garages. In today’s South Surrey real estate market, likely the most important and final consideration for prospective hombuyers is the price. “Kaleden Homes is our first home purchase a is by far the best value we could find,” homeowners at Kalden by Polygon Homes. At just $314,900 for a new home at Kaleden South Surrey and only $419,900 for a four bedroom home at Cathedral Grove in Morgan Heights neighbourhood, these two new communities offer some of the best value in the entire Lower Mainland property market. “We are delighted with the steady sales at both communities having sold 105 homes here in the last seven months. WE are now down to eight homes in our first phase at Cathedral Grove… and having quickly sold out of our first phase at Kaleden, we will be releasing more homes this weekend.” Offering a vibrant lifestyle in a convenient, yet exclusive, setting, Kaleden and Cathedral Grove homes in Morgan Heights South Surrey shine as two of the best in the hot new neighbourhood. The Polygon family of companies, British Columbia owned and operated since 1980, has built more than 18,000 homes throughout the Lower Mainland, and earned the trust of thousands of families. Polygon’s award winning Customer Service team provides after sales service, and all homes are protected by comprehensive 2/5/10 warranties by the Traveler’s Gaurantee Insurance Company. The Morgan Heights Kaleden and Cathedral Grove South Surrey sales centre and display homes, as well as the impressive Evergreen Club, are open daily from noon to 5pm except Friday, and are located at 27th Avenue and 158th Street in South Surrey. For more information about Kaleden, please call 604.541.4246 or Cathedral Grove, please call 604.541.7383 or visit

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Wednesday, February 18, 2009

Doom and Gloom or Smooth Sailing? What is the 2009 Vancouver Real Estate Forecast and Housing Outlook in the Lower Mainland now and beyond 2010?

2009 Vancouver Housing Forecast and Lower Mainland Property Outlook for 2010 Olympic Year

There is much talk about the Vancouver real estate forecast for 2009 and further ahead into the Winter Olymipic 2010 Vancouver property market forecast, but really, there is no one in this world who can predict what will happen to the Lower Mainland housing market. There are predictions and outlooks, forecasts and opinions, but these are not based on facts or reality, just yet. This is an article that talks about the future of the Vancouver real estate market in terms of forecasting the 2009 Vancouver housing market as well as the property outlook further into 2010 before and beyond the Winter Olympics. Based on fundamental issues such as the Vancouver economy, in and out migration, housing affordability, GDP growth and other factors such as aging population and transient work force, there are many things to be happy about in terms of the Vancouver housing forecast for 2009 and beyond, but there are also many traps and assumptions being made that should not be by the typical Lower Mainland home buyer and investor. A wide range of chief economists, bank leaders and Greater Vancouver real estate experts have taken claim to what they think is the true outlook for the Vancouver property outlook 2009 as well as the Vancouve real estate forecast for 2010. Published, blogged and submitted to newspapers and magazines, these experts’ opinions vary widely in their perception of what is going on with the current housing market and the 2009 Vancouver housing real estate forecast that is already upon us. Let’s take a look.

The Vancouver Real Estate Forecast for 2009

The Greater Vancouver property market has faced an unprecended growth period during the past decade, lead by huge property gains in West Vancouver, the west side of Vancouver, downtown as well as many suburbs like Richmond, Burnaby, New West, Surrey and Abbotsford posting some of the largest gains in Canada real estate market. However, during the past 10 years, many homebuyers and investors have failed to notice why the property values and housing market was keeping afloat and exponentially increasing in value seamlingly every month. With a growth economy based on commodities, construction (of course), employment was at its peak and unemployment was at all time lows in Greater Vancouver. However, everything changed as soon as the global economic crisis took hold of world economies, trade and credit financing. Vancouver real estate did not escape the US housing market liquidation. Perhaps, we have fared better than our countertops down south through 2008 and into 2009, but most Vancouver municipalities have faced large drops in real estate housing values in 2009 already. The effect of long term exponential growth in Greater Vancouver property values has taken its negative effect on the property forecast 2009 for Vancouver. Affordability is now the major issue facing first time homebuyers (who service the engine that creates a balance Vancouver real estate market) and with property affordability in Vancouver at it’s all time lowest (one of the most expensive cities to live in the world), this segment of the population has been kep out for about a year now. With the economy in ruins and jobs disappearing, Vancouver is in a tight position when it comes to people wanting to buy a home right now. In addition, with credit tightening throughout all the major banks, it has become very difficult for first time home buyers to get a good mortgage product for any home that they choose. Therefore, the 2009 forecast for Vancouver real estate and the Vancouver housing outlook 2009 is for a more stable market than the last quarter of 2008, but don’t expect any huge returns or gain in value. Stabilization of the Greater Vancouver property market may come later in the fourth quarter of 2009, and forecasts on the Vancouver housing market 2009 suggest that gains in value won’t even begin until mid-2010. As far as the 2009 Vancouver real estate outlook is concerned, you can probably expect a slight drop in future sales prices and a huge drop in sales volume through the first six months of 2009. The forecast for Vancouver home market 2009 later in the year is for a steadying of the sales volume and maybe even a slight gain property values, but nothing is set in stone. As long credit is tight and the global economy is in trouble, the Vancouver real estate forecast 2009 seems grim for those looking to sell. For those homebuyers looking to purchase a home or for first time home buyers, 2009 may be the best opportunity for you to get into the market. With a 2009 Vancouver housing forecast for a slight drop in property values coupled with low interest rates for both variable and fixed mortgage financing, the outlook for Vancouver real estate market for buyers is bright. There have been several surveys that have shown that homebuyers in Vancouver are changing their perspective on buying a new home this year compared to the last six months of last year. If this is the case, the 2009 Vancouver housing real estate outlook should be good heading into 2010.

Winter Olympics and Its Affect on the 2010 Vancouver Property Outlook

With recent surveys and analysis, many experts believe that the US housing market will come out of its downward spiral and foreclosure problems by the end of 2009. These same articles and experts expect the Greater Vancouver housing outlook and sales to balance out after that, so some time in very late 2009 or early 2010. With the winter Olympics showcasing Vancouver, there is a lot to be said about creating a renewed interest in the city, not seen since Expo ’86. The 2010 Vancouver housing forecast and Vancouver real estate outlook is calling for smooth sailing once 2010 Olympics hit and there are many reasons why. The Winter Olympics will employ many people before, during and after the Games, creating a legacy like no other large event can provide. The city will be showcased to most of the world’s population, profiling Vancouver as one of the most beautiful cities in the world. In addition, mortgage rates are expected to stay very low through 2010, so that Vancouver home buyers looking to purchase in a year’s time, will still be able to get great financing products. The Lower Mainland property market has seen it’s share of negative news including the cancelled Coquitlam Riverbend project, and the Homer & Helmcken plus Garden City Richmond condo receivership problems. Now comes the Millennium 2010 Olympic Village fiasco with over-runs, debt mounting and problems with completing the affordable housing component. With all of this, it doesn’t seem like the 2010 Vancouver real estate outlook should be very good, but it is. And then, you can also add the delay of the West Vancouver Evelyn project, the cancellation of the Hills Vancouver condos, the delay of the Ritz-Carleton condo hotel residences and the cancellation of Jameson House and the forecast for 2010 Vancouver housing market should look bleak. However, it is safe to say that condo and housing inventory has been kept in check through all of these delays and cancellations. With an ever increasing population moving into the Lower Mainland, the outlook for 2010 Vancouver housing market is for a shortgage of units by years’ end and into 2011, even with the estimated completion of these delayed projects. With many developers holding back and not building for another year, this will cause some problems in terms of new inventory that comes onto the market for homebuyers. With this limited supply of homes, the 2010 Vancouver real estate forecast is calling for an increase in value, sales figures and sales volumes through the year and into 2011. By 2012, it is expected that Greater Vancouver will again face a shortgage of homes and affordable housing such as condos and the construction process will start yet again. Therefore, the Winter Olympics will provide a vehicle for the Vancouver property forecast in 2010 to be positive … and with sales volumes and prices increasing, the 2010 Vancouver housing outlook is very positive to say the least.

So What Do the 2010 and 2009 Vancouver Real Estate Outlook Mean to You?

If you currently own your own home or you have invested in condos/townhomes that you are now renting or have yet to close, HOLD ON to your property. The biggest mistake homebuyers and investors make is to listen to the top headline news about the world falling down. This is not a time to panic. Rather, you should think through and calculate your monthly cashflow to see if you can afford your place still as well as whether or not to keep your rental properties. If you are tight on cash, sure, sell. However, if you aren’t, holding onto your Vancouver property and real estate through 2009 and 2010 is a great way to ensure that you will not incur losses or have to pay capital gains tax if you have made money. The 2009 Vancouver housing forecast is good and the Vancouver real estate outlook for 2010 is even better. By keeping your rental homes for another 12 months, you may end up facing an upswing in property values again during the Olympics when Vancouver is on the world stage. If you are a first time home buyer, 2009 may be the BEST year to purchase your new home. With a drop in Vancouver property 2009 in addition to great mortgage rates and financing packages, you can skip ahead of the rest of us who purchase during the past five years and locked in at higher rates. If you can afford it comfortably, 2009 is the best year to purchase Vancouver property. The forecast for 2010 Vancouver housing market is calling for an increase in value as well as both fixed and variable mortgage rates, so why wait? As an investor, the 2009 Vancouver housing outlook is bright for you as well. Again, as a real estate investor, cashflow is king. If you can operate your business with positive cashflow (meaning your rental income is higher than all expenses), you should put in your due diligence and start purchasing property again. These are great times for you. 2009 Vancouver real estate outlook is calling for more liquidation events such as the MACBULK Onni condo sales in addition to many other real estate developers providing incentives to purchase their available inventory. The forecast for the 2009 Vancouver real estate outlook is calling for more developers taking on the GST, anywhere from 10 to 35% off the original pre-construction pricing, no strata fees or property fees paid for for the first year or even getting a new car with the purchase of a new home. These incentives will not last through the 2009 Vancouver property market and by 2010, the forecast for Vancouver housing outlook will again re-start bidding wars for good property. These gloom and doom times are actually not so bad when you look at all the factors involved with how you can take advantage of these special times.

Other News Items:

Major Banks in Canada Slash their Prime Rates and See Recovery Sooner Rather Than Later

According to the Real Estate Weekly for Vancouver, the Bank of Canada slashed their prime lending key interest rate to its lowest level in the history of the country this month and all of the major banks, surprisingly, followed suite with a drop in their bank prime rates too. The central bank of Canada cut the trend setting over night rate by 0.5% to the lowest 1% level in history, lower than the 1958 rate of 1.12%. In mortgage moves, the Royal Bank of Canada slashed its one two and three year rates by 1.1%. It’s five year posted rate drops to 5.79% and there is a five year closed rate special at only 4.49%. Many economists see the Central Bank of Canada lowering its rate again by as much as 0.5% as early as the next BoC announcement on March 3, 2009. Overall the BoC predicts that inflation will average at a very lot 1.1 per cent this year and won’t return to the target inflation rate of 2% until 2011. There is speculation that the recovery in Canada will come sooner rather than later with a full recovery come mid-2011. That is yet to be seen. Alarmist view dismissed recentlay and published in the Real Estate Weekly. A major Canadian bank believes fears of a future downturn in housing markets is more myth than reality. According to another article, homes throughout Vancouver and in all of Canada have become more affordable to typical homebuyers and this coupled with low interest rates and loans create opportunity for people looking for new homes. There is a better chance of buying an affordable new Vancouver home now than at any tie in the past decade says REBGV. With home sales and consumer confidence already bouncing back in certain cities and neighbourhoods, people and homebuyers have seen a long-term strength in investing in property and owning a home. With low interest rates and consumer confidence already hitting all-time lows and recovering, there are numerous opportunities for homebuyers to get back into the market. Overall Vancouver residential benchmark prices, as calculated by the Vancouver Board’s Housing Price Indix, decline 10.9% to $489,007 between January 2008 and 2009. The benchmark price for a Vancouver single family detached home declined 11.2% to $659,638 in Janaury 2009 compared to $742,490 January 2008. The same trends are seen in the Vancouver condominium/apartment market in addition to to a lesser extent, attached units like townhomes and duplexes. REBGV also reports that sales of detached Vancouver homes and apartment properties declined as much as 58.1% when comparing January 2008 to 2009. New listings in the Greater Vancouver real estate market have also declined. The Bank of Canada has slashed its key interest rate to the lowest level in history to 1 per cent. The decrease was in line with the expectations of most Canadian economists, who have been calling for bold action on the parts of the Bank of Canada and the federal government. Shortly after the BoC rates fell, the big banks led by BMO and TD dropped their lending prime rates by the same amount.

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Monday, February 16, 2009

FLASHBACK: Re-Sale Surrey Homes & Townhomes - Poet's Wynd Surrey Houses, Sequoia Green Homes, Ferngrove Townhouses, Montrose Town Homes

Poet’s Wynd Surrey Single Family Homes for Sale

Great pre-construction Surrey real estate prices are being offered at the new Poet’s Wynd family homes development. Pre-construction pricing means great deals for new homebuyers at Poet’s Wynd homes in Surrey. These single family homes come in five exciting floor plans featuring three and four bedrooms, unfinished basement and nine foot ceilings with vaults on the main level. Plenty of room for families too as the pre-construction Surrey Poet’s Wynd homes and real estate offerings include interior square footages of 1640 to over 2000 sq ft plus the basement. Great room and traditional configuration layouts are available. The pre-sale Poet’s Wynd comes with lots of extras including a fenced backyard complete with professional landscaping, two inch Hunter Douglas blinds, and a full six appliance package in your choice of designer white or classic black finishes at the Surrey Poet’s Wynd pre-construction single family homes. The Poet’s Wynd presentation was open from noon to 5:00 pm daily except Fridays at 168 St and 63 Ave in Surrey. Don’t miss out on the great pre-construction Surrey reale state pricing from $329,900 to $349,900 at Poet’s Wynd homes. For more information, you can call Kerry.

Sequoia Green Homes Phase One

Phase One of Sequoia Green homes is on schedule for completion by Christmas 2003. Located in Surrey real estate’s Chimney Heights district, these luxury presale homes boast sweeping views of the North Shore Mountains and Mount Baker to the east. The Surrey Sequoia Green quality homes are built using plywood construction and feature 9 foot ceilings with crown mouldings on the main floor, granite entryways and fireplace surrounds. In addition, these presale Surrey Sequoia Green single family homes feature a full 6 appliance package plus insulated double garages. A variety of three bedroom and den plans are available at the Sequoia Green Surrey real estate development presales ranging from 1775 to 2453 square feet plus a basement. Prices start at $229,000 for these Sequoia Green homes in Chimney Heights Surrey real estate offerings. For more info, you can visit the sales centre and presale Sequoia Green Surrey display home at 14453 – 72 Ave in Surrey. Phase Two is launching soon as well.

South Surrey Ferngrove Townhomes for Sale

Just like a single family Surrey home except for the price tage. As of 2003, the Ferngrove townhomes in the South Surrey real estate market were 60% pre-sold. Retreat upstairs to your master bedroom suite… Relax on the front porch after a round of golf… and then escape downstairs in your new South Surrey Ferngrove townhouse. Hobby room? Home office? Media room? Play room?... Gather the family for a special celebration… enjoy breakfast on the deck… space for all your furniture… light pouring in from all the windows at your new luxury townhome at the Ferngrove South Surrey real estate development. Park 2 cars side by side in your own garage. Own at the Ferngrove Town Homes in South Surrey property and know that you have everything you want in a home at a price you can afford. Boston Homes with 1,40 square feet plus 383 of unfinished basement space waiting for your ideas that are priced from just $285,900 during presales in 2003. The presentation centre was located at 15255 36th Avenue in South Surrey BC and you could call 604.574.0136 for more information. Ferngrove Townhomes that make sense. Natrually. A quality community by Ferngrove Townhomes Ltd. Visit for more information. All townhouses in this South Surrey location are covered by the St. Paul Home Warranty.

Montrose Townhomes Under Construction

Construction is now well underway at the Montrose Townhomes in Fleetwood Surrey presale real estate development. The presale Surrey Montrose Townhouses are located at 8250 – 158 St in Surrey, and they offer three and four bedroom homes that come in eight different floor plans ranging from 1496 to 1809 square feet in size. The Surrey Montrose townhomes also feature unfinished basements. Designed with an eye for luxury, most pre-construction Surrey Fleetwood townhomes at The Montrose community have five piece ensuites and three feature an elegant curved staircase in the front foyer. Prices have yet to be determined, but you can pre-register for the new Surrey Montrose Townhomes by contacting Fifth Avenue Real Estate Marketing.

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Re-Sale Yaletown Condos - New DOMUS Condominium & Marinaside CRESTMARK Apartment PLUS Gastown Terminus & Oakridge TOWNE Townhome, Hansdowne Row

Luxury Hansdowne Row Home for Sale at 2144 West 8th Avenue Vancouver

Open House is happening Saturday, May 23rd, 2009 between 2:00pm - 4:00pm. This luxury Vancouver townhome by MOSAIC Homes at Hansdowne Row townhouses is thirteen hundred and fifty six square feet in size and has an excellent layout that includes two bedrooms plus den and two bathrooms. In addition, this Vancouver West MOSAIC Hansdowne Row home for sale features a south facing fully landscaped yard as well as two side by side parking spaces, that is very unique to the Vancouver West real estate market. Offered at $845,000 (MLS#V757354). Hansdowne Row by Mosaic Homes is a luxury Vancouver west real estate property that is generational and perfect for couples, families and retirees. The luxury Vancouver Hansdowne Row homes feature tumbled brick Georgian inspired architecture by Formwerks. Classic exterior with a portico entranceway, custom wood shutters and custom metal work are featured here at 2144 West 8th Ave, Vancouver. Urbane interior design by Aida Pereira with oak flooring, porcelain tiles, honed granite counters, custom built-ins and European fixtures by La Torre and Flaminia--hardware from Cantu are other impressive luxury features at the boutique Vancouver Hansdowne Row homes. It's all in the details and of course in the spacious 2 bedroom plus den plan with access to a south-facing fully landscaped yard with extended deck and flagstone terrace. Two side-by-side parking spaces are included. NEW PAINT throughout, move-in condition! For more details, video tour & all photos please visit

Gastown TERMINUS Condo for Sale by Assignment

204 - 36 Water St @ TERMINUS | $10,000 under original contract price! | now offered at $475,000. This spacious 1 bedroom and den Terminus Gastown Vancouver downtown condominium features 853 square feet and one bathroom as well as a corner suite orientation. Offered at $475,000 by assignment, the pre-construction Gastown Vancouver Terminus condo is listed online at MLS#743306 by Ken. TERMINUS Gastown condo residences– historic elements integrated into modern style. Don’t miss out on this opportunity to own 853 square feet of open living space right in the heart of revitalized Gastown Vancouver real estate district. This pre-construction Gastown Terminus heritage condo features a kitchen fully-panelled, sleek and equipped with Bosch appliances. Lighting design is an integral part of the concept not an afterthought. Built-in custom storage, Strand hardwood flooring throughout and PHILLIPE STARCK linear bathroom. Geothermal heating + Air conditioning are standard features of the pre-sale Terminus Gastown assignment condo purchase. IN addition, the Gastown Terminus condo building has a fantastic roof top deck with lounge area with BBQ and outdoor seating. Your neigborhood: Salt, Chill Winston, Jules Bistro, Water Street Cafe, Irish Heather, Boneta, Inform, Koolhaus. ONE PARKING space included. This is a Terminus Gastown condo assignment of contract; GST is not included in purchase price. Estimated completion end of January 2009. For all photos and more details visit

Yaletown DOMUS Condo for Re-Sale

1302 - 1055 Homer @ DOMUS |NOW LISTED at $539,900. Now offering a new Yaletown Domus Condominium in the heart of downtown Vancouver real estate is a two bedroom and two bathroom unit with an open balcony. This re-sale Domus Yaletown Vancouver condominium suite features one parking and one storage locker and is offered at only 539,900. MLS#V747354. DOMUS Yaletown condo real estate - Stylishly Cool. Building of distinction in Yaletown’s premier address. Southwest exposure with views to False Creek & City, lots of natural light to every room. This efficient floorplan is immaculate and customized with contemporary millwork throughout. The re-sale Yaletown condo at Domus features interiors designed by Robert Ledingham: smart finishing details, walnut flooring, rift-cut dark stained cabinets and a “cook’s kitchen” with large centre island, gas range and Bosch s/s appliances. Clean modern bathrooms feature walk-in shower, white tiles highlighted by marble counters. Desirable amenities include resident manager, gym, steam room, sauna, lounge and guest suite at Domus Yaletown condo building. For all photos and more details visit

Marinaside CRESTMARK I Yaletown Condo for Sale

JUST LISTED at $749,900, this beautiful new Crestmark Yaletown condo located at 1288 Marinaside in Vancouver’s downtown area features a total interior living space of 1052 square feet in size. This spacious two bed and two bathroom Yaletown condo for sale at The Crestmark Vancouver provides amazing south west views of False Creek and is offered at $749,900 (MLS#V751868). True Vancouver Marinaside waterfront living is not attainable at an affordable price at the Yaletown CRESTMARK Marinaside condo building. Recently renovated and immaculately kept space with a spacious open concept floor plan that features a den that has been removed and now is open to both the dining and living room. This spacious, bright and functional condominium at Yaletown Crestmark condo building is great for for entertaining with dining room that accommodates 8 people with ease. Other features of the Yaletown Marinaside Crestmark condo for sale in downtown Vancouver includes granite countertops, engineered hardwood flooring in the living spaces, new carpeting in the bedrooms and access to balcony from every room of your new home. The kitchen is partially open to the living space at this re-sale Crestmark Yaletown Marinaside Vancouver condo and there is an extra large pantry and storage space, ideal for downtown living. In terms of location, you just cannot get any better than this! Ideally situated in the heart of Yaletown, the Crestmark Vancouver Condos are steps away from all the shopping and dining this area is known for in addition to the Roundhouse community centre, Urban Fare, David Lam Park and the up and coming RAV SkyTrain line. The Yaletown Crestmark I condo building is well managed and provides a set of full amenities including a concierge. This incredible Marinaside Vancouver condo for sale also features two parking spaces, which is very rare.

New Listing at MOSAIC TOWNE Vancouver West Side Townhomes!

Located at 767 West 42nd Ave at Oakridge TOWNE Vancouver Townhomes, this well kept gem is JUST LISTED at $925,000. By MOSAIC real estate developers, the master planned townhome community at TOWNE Living Vancouver is one of the best kept secrets in the city. This new Oakridge TOWNE Townhome by MOSAIC Homes is 1574 square feet in size with three bedrooms and a great room in addition to 2 full bathrooms. In addition, this Vancouver TOWNE Townhouse for sale features a terrace off the living room and two direct parking spaces. Right now, this fabulous Vancouver townhome for sale is listed at $925,000 (MLS#V752691 listed by Ken Leong). Mosaic homes - known for designing everlasting quality homes. Oakridge TOWNE Townhomes Vancouver real estate for sale is Georgian inspired red brick row homes located in the Oakridge community. This home offers 3 bedrooms on 3 levels, over-height and vaulted ceilings & almost 1600 sq ft of living space. Other interior features of the new Vancouver TOWNE Oakridge townhome listing includes: walnut hardwood floors in living areas, stainless steel appliances & granite counters in the kitchen. Living room with electric fireplace and entry to large terrace facing the quiet courtyard. Below main floor is a great room/office (or 4th bedroom) with access to secure private 2-car garage at your new Oakridge townhouse for sale at Vancouver TOWNE living. Up on the 2nd floor are 2 large bedrooms & 3 piece bathroom. The top floor is the master bedroom with extra large walk-in closet and lux ensuite bathroom. Centrally located in Oakridge Mall area with transit, Golf course, parks and best schools nearby.

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FLASHBACK: Richmond Re-Sales Condos - MonteCarlo at the Palms, Springbrook Estates,Copper Sky Imerial Landing, Trellaine, Heather Gardens Resale

Richmond MonteCarlo At The Palms Residences

Living LARGE can become a reality if you choose the new Richmond real estate development at the MonteCarlo Residences at The Palms. Living large not only means elegant spacious living over 1700 square feet, it means being in the heart of Richmond at the height of luxury. MonteCarlo resale residences at the Palms in Richmond real estate – serenity and seclusion with all the expected comforts of home surrounded by an oasis of convenience. Experience Bosa Ventures’ commitment to quality and excellence at the resale Richmond MonteCarlo Residences at the Palms. Call or visit them today to become a part of this exclusive community located at 8460 Granville Avenue. Visit or phone Bosa Ventures for more information. The original pre-completion pricing for the Palms MonteCarlo Richmond residences were priced from $155,900 to $446,900.

Springbrook Estates at the Hamptons in Richmond Real Estate

Home. It Just Feels Right! It’s the feeling you get when you visit the homes at the new Springbrook Estates at the Hamptons. Exclusive, semi-detached new Richmond homes, classic in architecture and timeless in looks, blend harmoniously within the lushly landscaped, master planned community in the heart of Richmond real estate market. Every last detail has been though of to make your new home at the Springbrook Estates at the Hamptons ‘just right’ for you. The perfect setting for both indoor and outdoor living in a neighbourhood that redefines the word ‘home’. A Richmond real estate neighborhood of masterfully crafted semi-detached three bedroom homes is now for resale at the Springbrook Estates at the Hamptons. Visit to priority register. The Richmond Springbrook Estates homes at the Hamptons is brought to you by Cressey Developers.

Katsura at Hamptons Park Richmond

The Katsura at Hamptons Park is Richmond’s newest hi-rise condo community. A collaboration of nature and modern architecture.

The Village at Imperial Landing Steveston

Coming to the Richmond waterfront real estate market in the fall of 2003, the Village at Imperial Landing offers condominiums and Steveston waterfront village homes for sale. You can visit for more information. Imperial Landing is a master planned community offering single family homes, townhomes and waterfront condominiums, proudly built by the Onni Group of Companies and the Village at Imperial Landing in Steveston real estate market is the latest release of homes.

Copper Sky at Imperial Landing Steveston

As part of the master planned Richmond Imperial Landing community along the Steveston waterfront real estate district, Copper Sky is the latest release of homes where you can imagine yourself living on the water become reality. Priced from $179,900 and $579,900 as of summer 2003, you can move in immediately. Visit or call them today at 604.515.5515 extension 2 or you can visit their four designer Copper Sky at Imperial Landing show homes today located at #104 – 4600 Westwater Drive in Steveston, Richmond, BC. Imagine living in the neighbourhood of historic Steveston Village real estate. Nested on the southern border of Richmond, Steveston real estate is a friendly community where there is a plethora of restaurants and boutiques only a short walk away fro your enjoyment when you live at the Copper Sky homes at Imperial Landing master planned residential community. Imagine strolling along the Steveston boardwalk. The newly constructed boardwalk along Steveston waterfront real estate invites you to take in the panoramic views of the town, the Fraser River and the Gulf Islands while it guides you towards Gary Point Park, just a minutes walk from your new Imperial Landing Copper Sky home in Steveston property market. Imagine a place with style and abundant natural charm. The spacious and bright interior designs of the Copper Sky Steveston’s homes at Imperial Landing are exquisitely crafted and finished with luxurious materials including hardwood cabinetry, hardwood flooring, granite countertops and Kitchen Aid stainless steel appliances. A master planned development by Onni along the Steveston waterfront real estate district.

Trellaine Richmond Carriage Homes, Apartments and Garden Flats

The Richmond real estate market presents the latest offering of resale carriage homes and garden apartment condominiums at the Trellaine master planned community. Do you want a home that’s beautiful or one you can move into in the fall of 2003? Why not both? Asks the original print marketing ad. Ready in 1 month time, the Richmond Trellaine homes and apartment residences featured only three suites left with three bedroom and den homes from just $249,900. The presentation centre and display suite for the Trellaine real estate development was located at 9333 Alberta Road in Richmond. You could visit for more information. At Trellaine Richmond you don’t have to choose – you can have both – a beautiful new Richmond home and a move in date closer than you think. Trellaine is a collection of two storey carriage homes, apartment condominiums and garden flats, built around a beautiful English style courtyard. Trellaine in Richmond BC is in the heart of the city, off Garden City. Near local schools. On a quiet street across from a park, surrounded by mature trees. A great location. A real neighbourhood. A beautiful home. The Richmond resale homes at Trellaine is now ready for you.

Heather Gardens Richmond Townhomes

The first presale homeowners are moving into the Heather Gardens master planned Richmond townhome community, but there’s still a good selection of three bedroom townhouses remaining for resale. Ranging from 1263 to a spacious 1783 square feet, these main floor living townhomes at Richmond Heather Gardens come with all appliances, double garages and two and a half bathrooms. Finished in cedar siding and vinyl for good looks and durability, the pre-construction pricing for the Heather Gardens Richmond townhomes started from $274,900. For more information, you can visit the Heather Gardens display home at 7322 Heather Street in Richmond real estate market.

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Saturday, February 14, 2009

FLASHBACK: Resale Vancouver Condos - The Melville, Yaletown Bentley, Retro Lofts, UBC Hawthorn Place, Elements on Broadway, Gastown KORET Lofts

The Downtown Vancouver Melville Penthouse Suite is For Sale

Amacon is asking for $10.8 million for this special ‘niche’ in the sky at the Melville Penthouse condominium in downtown Vancouver real estate market. The Penthouse is located atop the Melville tower residences. Veteran real estate broker Grace K’s latest commission is a new build downtown Vancouver Melville penthouse suite of 5,700 square feet for which her client is asking $10.8 million. This spectacular Melville Vancouver penthouse suite is located at the 43rd floor of the Melville condo residential tower, from the Amacon development company. If the asking price is the highest Grace has listed in her almost 30 years of selling local Vancouver real estate, she isn’t saying (The Bard never said discretion is the better part of the luxury home salesmanship, but he should have.) Grace has no doubt it will sell, of course, and she thinks she knows who the eventual buyer will be for the spectacular Melville Vancouver penthouse suite, not by name, but by type. “In good or bad times there are always buyers and sellers,” she said in an interview. “Opulent properties have their own niche market. These properties are rare and not always available at the right time. We feel this Melville Penthouse condominium will be home to a well travelled person, or couple, who appreciate good location, view and value.” What is the Melville Penthouse wows her – even after selling highrise and view homes for years, including every home below the penthouse? It’s the ‘home office,’ she said. ‘There’s a special room for him or her, besides the master bedroom, a special office conducting their international business, with a direct view to a solarium where they can enjoy the collectibles from their travels.

The Yaletown Bentley – More Than Just an Address

Opening the door to a new standard in Yaletown real estate lifestyle. The Bentley Yaletown condos in downtown Vancouver by Polygon Homes is a showcase for sophisticated individuality. Raising the standard, the re-sales Yaletown Bentley condominium tower residences offers features typically found in more expensive west side homes. From overheight ceilings to marble countertops, undermount sinks and sheet glass backsplashes, The new Bentley condos in Yaletown real estate market by Polygon Homes is the talk of the town. At 1010 Home Street in downtown Vancouver, the resale Bentley Yaletown condos are now complete and ready for re-sale purchasers. The one bedroom homes at the Bentley Vancouver were originally priced from just $189,900, and now they have quadrupled in value. Visit for other upcoming Yaletown condo real estate developments by Polygon.

Vancouver Retro Lofts and Condos

Stay tuned and discover Retro Loft style homes and residences located in the Vancouver real estate market. Priority registration is located online at These West Side loft style homes and apartments at the Retro Lofts in Vancouver property market are rediscovered and offered at a surprisingly affordable presale price from $129,900 (in 2003). Coming Soon! Ready to move in at the end of 2003. The Discovery Centre for the Retro Loft living in Vancouver West Side real estate is opening November 2003 at 8988 Hudson Street in Vancouver BC. The Retro Lofts are an Aragon (Hudson) Properties Ltd. development.

Hawthorn Place Westchester Townhomes UBC Real Estate

Final release was released back in 2003 so if you are looking to move to the University of British Columbia luxury community, the re-sale listings for the Westchester Townhomes and residences are now for sale at Hawthorn Place UBC. More than a home… a way of life. It is the perfect formula for a most desirable way of life. Begin with the exceptional new UBC neighbourhood, Hawthorn Place offering endless recreational, cultural, and academic opportunities. Add a limited collection of three and four bedroom finely crafted Westchester townhomes. The result is a luxury collection of UBC Westchester Hawthorn Place townhouses available for resale. And like its Latin motto “unum generis’ (one of a kind), the Hawthorn Place Westchester townhomes at UBC promises a home that is right for you. Luxury, space, style and impressive options. In 2003, the presale Westchester Hawthorn Place townhomes started from $699,900. Exceptional residences here at UBC were built by Ledingham McAllister so visit for further details.

Elements on Broadway Loft Style Living

What’s your chemistry? Be passionate. Be creative. Whatever your imagination, you can now live it at the new Vancouver loft apartments at Elements on Broadway real estate development. Live. Work. Play. Brick wall, open spaces, reclaimed plank fir flooring and ten foot ceilings are just some impressive features at the new Elements loft apartments on Broadway in Vancouver property re-sale market. Concrete construction with only 78 Elements on Broadway loft residences for sale. Infinite possiblities for living and playing and the presales Vancouver Elements on Broadway lofts started from only $169,900 in 2003. The original web site was located at and the loft style living on Broadway at Elements Vancouver can now be yours with some great affordable apartments listed in the resale market. Located at 2515 Ontario Street on West Broadway, the loft style condos at the Elements on Broadway project was built by Aragon Properties Ltd.

Hastings Street Condos by Concord Pacific

Activists want more consultation about this newly proposed Concord Pacific Vancouver real estate development according to 24 Hours newspaper: Downtown Eastside community groups are accusing the City of Vancouver of trying to rubber stamp a proposal for a new Vancouver pre-sales condo development on Hastings Street by “sneaking” it past advocates. They say they weren’t notified of a real estate Vancouver development board hearing into 58 West Hastings, property owned by Concord Pacific and slated to be built out into a seven storey condominium building. “It’s a huge condo project,” said Carnegie Community Action Project organizer Wnedy Pederson. “There’s absolutely no social housing. They’re not contributing to the community at that site.” The Vancouver city has since scratched discussion of the Concord Pacific Hastings Street condo site from its pre-sales development board panel meeting yesterday. The community groups, meanwhile, say they’ve received a letter of apology form the city promising future consultations. But Pederson still worries the pre-sales Vancouver Hastings Street condos by Concord Pacific will open a floodgate of real estate development in the neighbourhood. “We’ll end of with more homeless people on the streets. That’s it in a nutshell,” Pederston said. By Irwin fo 24 Hours. More to come.

The KORET LOFT Gastown Penthouse Loft For Sale

Again, a great listing from Karen Carter for a penthouse loft in Koret Lofts in Gastown real estate market. On the other side of the inlet resides a unique commercial and residential penthouse loft. Located in Vancouver real estate’s expanding neighbourhood of GAstown, the 1,482 square foot space boasts views of the downtown Vancouver skyline, north shore mountains and Coal Harbour from its floor to ceiling windows. With 14 ft ceilings, this Gastown Koret Lofts penthouse suite has a truly incredible 1000+ square foot private deck. Any urban professional can easily make this well operated space. This Gastown real estate heritage conversion property at Koret Lofts Downtown Vancouver is a home for many different lifestyles. Couple this with 2 parkings paces, trendy, polished concrete flooring and newly upgraded kitchen and bathrooms and this spectacular penthouse loft at Koret Lofts Gastown real estate offering should not be missed. PH 611 55 East Cordova Street, Vancouver at the Koret Lofts Penthouse is listed for $1,200,000 (September 2008). Contact Karen at 604.837.7325.

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The 2009 Vancouver Real Estate Forecast - Growing Trends in Vancouver Property Market Outlook, Credit Crunch - First Time Homebuyers Seminar

The 7th Annual Spring Parade of New Homes in Greater Vancouver Real Estate Market

It’s a great time to buy a new home! Can you believe that it’s the 7th Annual Spring Parade of New Vancouver Homes already? With the doom and gloom surrounding the Vancouver real estate market just a year ago in 2008, 2009 brings a air of optimism and some bright future outlooks for certain developments and communities in the Lower Mainland. With continued low mortgage rates, declining asking/listing prices and new home inventory coming onto the market, the 7th Annual Spring Parade of New Vancouver Homes comes at an excellent time for home buyers and investors. Brought to you by the Greater Vancouver Home Builders’ Association, also knwn as GVHBA, the 7th Annual Spring Parade of New Homes in Greater Vancouver will be happening from April 18th through 26th at various locations across the Lower Mainland. For more information, you can visit today. This year, the 7th Annual Spring Parade of New Homes in VAncovuer presents thirteen builders with 57 show homes in six cities and one presentation centre. From $209,900 to over $869,900, the wide range of homes presented at the 7th Annual Spring Parade of New Vancouver homes will have something for everyone. Here is the list of new developments featured this year.

2009 7th Annual Spring Parde of New Coquitlam Homes
1. Burke Mountain Heights single family Coquitlam homes at 3398 Don Moore Drive
2. Belmont at the Foothills single family detached Coquitlam homes at 1456 Avondale Street
3. Whitetail Lane Coquitlam townhomes for sale at 1357 Purcell Drive
4. Birchwood Estates single family detached Coquitlam houses at 3372 Scotchpine Avenue

Delta Parade of Homes
1. Radiance at Sunstone Delta at 8385 Delsom Way

7th Annual Spring Parade 2009 of Langley Homes
1. High Point Equestrian Estates at 20048 Second Avenue with single family homes
2. Milner Heights including single family Langley homes, fee simple rowhomes and four plex manor homes for sale at 20843 – 69B Avenue

Maple Ridge Parade of Homes
1. The Crest at Silver Ridge Mapel Ridge single family homes at 22845 – 137 Street
2. The Meadows at Verigins Ridge townhomes in Maple Ridge at 11282 Cottonwood Drive

The 2009 Spring Parade of New North Vancouver Homes
1. Branches low rise North Vancouver condominiums at 1111 East 27th Street

Surrey 2009 Spring Parade of Homes
1. The Brownstones Townhomes at 25 – 15833 – 26th Avenue
2. Salus townhomes and low-rise Surrey condominiums at 1-6671-121st Street
3. Springfield Village Surrey townhomes at 8676 – 158 Street
4. Lotus Townhomes at 16355 – 82nd Avenue
5. Panorama Hills single family Surrey detached homes at 15038 – 59th Avenue
6. Vista’s West Surrey single family houses for sale at 6093 – 164th Street
7. The Estates at Vista’s West single family Surrey homes for sale at 16327 – 60th Avenue
8. Glenmore at Morgan Heights South Surrey townhomes at 2450 – 161A Street
9. Kaleden townhomes at 2729 – 158th Street
10. NUVO live work Surrey townhomes at 10- 15454 – 32nd Avenue
11. Morgan Heights South Surrey single family homes for sale at 16363 – 26th Avenue
12. Clayton Heights single family Surrey homes at 7001 – 194B Street
13. Hazelwood Estates Surrey homes at 7880 – 164th Street

First Time Vancouver Homebuyers Seminar 2009 - 15th Annual First Time Homebuyers Seminar

Get out the red pen and calendar. Fire up your electronic day-timer. If you’re a first time Vancouver homebuyer, you’ll want to be sure to reserve the evening of Tuesady, March 24th, because that’s the date for the 15th Annual First Time Homebuyers Seminar in Vancouver. Brought to you by the Greater Vancouver Home Builders’ Association (GVHBA), this springtime tradition is a Must Attend Event for anyone considering home ownership. “Our experts will help first-time hom buyers de-mystify the home buying process,” says Peter Simpson, GVHBA’s CEO for the 15th Annual First Time Homebuyers Seminar. This year’s panel of experts for the 15th Annual First Time Homebuyers Seminar Vancouver will discuss which location and type of home best suits your needs to legal considerations, how the new federal tax credits impacts first time Vancouver homebuyers, and the benefits of builder licensiving and mandatory home warranties. The 15th Annual First Time Homebuyers Seminar takes place in the newly renovated Sheraton Vancouver Guildford Hotel (15269 – 104th Avenue) in Surrey on Tuesday, March 24th, 2009. Doors open at 6:00 pm giving you time to browse the displays and chat with industry experts. The seminar runs from 7:00 to 9:00 pm. As always, this exceptional resource is free thanks to generous sponsorship, but pre-registration is required for the Vancouver 15th Annual First Time Homebuyers Seminar. Call GVHBA at 604.588.5036 or get more information online at today.

The 15th Annual FREE Seminar for First Time Home Buyers – Tuesday, March 24th, 2009

Brought to you by the Greater Vancouver Home Builders’ Association, the 15th Annual Free Seminar for Vancouver First Time Home Buyers is happening on March 24th, 2009 from 7-9pm with doors opening right at 6pm. Located at 15269 – 104 Avenue in Surrey, or at the ballroom of the Sheraton Vancouver Guildford Hotel, this is an incredible event for tips and advice for Vancouver first time homebuyers to attend a free seminar with great professionals to speak with. You are ready to purchase your first Vancouver home, but you need a little help to understand what is involved, especially during these days of attractive sales prices. What location is best? What type of home is best suited to your current needs and financial resources? What are the Vancouver mortgage options right now? What are the legal considerations for buying your first Vancouver first time home buyer? How do the new federal tax credits benefit first time Vancouver home buyers? What is the value of builder licensing and mandatory home warranties? To help you make informed decision, the Greater Vancouver Home Builders’ Association, in partnership with its sponsors, is hosting the 15th annual FREE seminar for Vancouver first time home buyers. Plus, you can ask the expert question period, affordable home displays, financial options exhibitors and a wealth of housing information here at the 15th Annual FREE Seminar for First Time Vancouver Home Buyers. More than 40 valuable door prizes and free parking. Pre-registration for the 15th Annual FREE Seminar for First time Vancouver home buyers is required. Call 604.588.5036 from 8:30am to 5pm Monday to Friday. Registrations will also be taken by answering machine at the same number on weekends. The 15th Annual First Time Vancouver Home Buyers Seminar is a free event, however, the Greater Vancouver Home Builders’ Association is asking all attendees to bring a non-perishable food donation to support the Surrey Food Bank. Shopping for a new Vancouver home after the seminar? You are invited to tour the latest new home projects during the Greater Vancouver Home Builders’ Assocaition’s 7th Annual Spring Parade of New Homes, April 18 – 26, 2009. Information about the 7th Annual Spring Parade of New Homes will be available at the seminar or visit today.

More About the Vancouver First Time Homebuyers Seminar March 2009
With real estate, there is much to be aware of during these days of economic uncertainty, but the current Vancouver home buyers’ market presents outstanding opportunities, particularly for first-time homebuyers. Today’s young homebuyers in Vancouver real estate market need help dy-mystifying the home buying process. Is buyins a home now a produent decision? What location is best? What type of Greater Vancouver home is best matched to current needs and financial resources? What are the mortgage options? What are the legal considerations of your Vancouver real estate purchase? How do the new federal tax credits affect first-time Vancouver home buyers? What is involved with purchasing a pre-construction Vancouver condo? What are the benefits of builder licensing and mandatory home warranties? These and other key questions will be answered by a panel of Vancouver housing experts at the 15th Annual Seminar for First Time Vancouver Home Buyers, presented by the Greater Vancouver Home Builders’ Association (GVHBA) on Tuesday, March 24, from 7 to 9 p.m. in the newly renovated Shearton Vancouver Guildford Hotel at 15269 104 Avenue in Surrey, BC. Admission to the popular 15th Annual Seminar for Vancouver First Time Homebuyers is free. Speakers include real estate experts from Canada Mortgage and Housing Corporation, Homeowner Protection Office, Genworth Financial Canada, residential mortgages from TD Bank, Real Estate Board of Greater Vancouver, National Home Warranty, GVHBA and otheres. More than 800 people attended last year’s Annual Vancouver Seminar for First Time Home Buyers and because real estate seems to dominate the news these days, turnout should be even greater this year. Pre-registration for th 15th Annual Seminar for Vancouver First Time Home Buyers is required by calling 604.588.5036 Monday to Friday.

Greater Vancouver and BC Home Prices Expected to Fall 13% in 2009 – Vancouver Real Estate Forecast 2009

Realty Section of MetroNews Vancouver newspaper. The average price of a home in British Columbia is expected to decline 13 per cent this year, according to the B.C. Real Estate Association 2009 forecast released yesterday. “the global financial crisis and worldwide recession will continue to take their toll on the B.C. economy this year,” said Cameron Muir, BCREA chief economist. The average BC home price is forecast to drop to $396,600 as nine per cent fewer residences are expected to sell in 2009 according to the latest 2009 Vancouver real estate forecast. According to Muir regarding the Vancouver real estate forecast 2009, prices and sales are expected to stabilize in 2010. At the same time, 24Hours Vancouver published an article on Look Out for a Home Buyers’ Market. Homebuyers looking for a good deal may hit the jackpot in 2009. Amid the global recession, job security fears and a cooling real estate market, the British Columbia Real Estate Association is predicting average home prices to drop 13 per cent this year according to their 2009 Vancouver real estate forecast. That’s bad news for sellers, but good news for home buyers across the province. “It should be a good year for potential home buyers,” said BCREA chief economist Cameron Muir. “Affordability is as good as it’s been in two years.” Muir said a high supply of available homes and low demand for them will drive down prices and eliminate competion for home buyers. And as real estate developers get desperate to sell off inventory, Muir expects several more Onni like liquidations in 2009. The property developer offerd 25 to 40 per cent off condos earlier this month as it tried to liquidate 375 condo suites across Greater Vancouver real estate market forecast 2009. It could make for a wild year before the market is expected to stabilize again in 2010 according to Matt of 24 Hours.

First Time Homebuyers in Canada Need More Info According to New Survey

As published in 24Hours Vancouver, A recently released survey of first time home buyers in Canada real estate market discovered some surprising results: Three out of four first time homebuyers in Canada property market would benefit from additional education about the buying process. The new report was conducted by Genworth Financial Canada from October 17th to November 2nd, 2008. Respondents qualified if they planned to purchase a new or resale Canada home or other property in the next 24 months and if the property they planned to purchase was to be their first home. Questions included which payment frequency pays down a mortgage fastest (bi-weekly accelerated), how much making just one extra mortgage payment each year will shorten the life of a 30 year amortization (approximately five years), and how much a first time homebuyer in Canada real estate market may withdraw from their RRSP to put toward a down payment (up to $20,000). The majority of Canadians surveyed (86 per cent) of first time homebuyers were aware the reducing the amortization period saves money on interest. However, only 38 epr cent knew monthly payments should not exceed 40 per cent of their gross income, and more than two thirds at 68 per cent incorrectly thought the term of the mortgage is the length of time it takes to pay the amount lent. Opinions were virtually split down the middle when came to variable interest with 54 per cent of respondents indicating they believe historically consumers pay less interest with a variable rate mortgage over the life of the loan and 46 per cent believing this strategy to be false.

Participants in this first time Canada homebuyer survey were also asked to identify their level of understanding of 10 common mortgage terms: Credit rating, mortgage term, variable/fixed interest rates, bi-weekly accelerated payments, mortgage amortization, mortgage default insurance, refinance loan payments, closed/open mortgages, conventional versus high ratio down payments, and debt service ratio. Only 25 per cent correctly answered more than seven out of the 10 questions and less than one per cent correctly answered all 10. Most misunderstood were conventional versus high-ratio down payments and debt service ratio, with only one in 10 respnodents claiming they understood what the terms means. A useful exercise that qualifies the need for more financial education in the school system today. Susan B.

Vancouver Real Estate Home Sales Drop Significantly – 2009 Vancouver property forecast not looking good.

According to Metro Vancouver newspaper: Homes sales dropped dramatically in Greater Vancouver last month, falling 69 per cent compared to last year, the Real Estate Board of Greater Vancouver (REBGV) announced yesterday. Dave Watt, REBGV president, said 874 homes were sold across Gerater Vancouver in November 2008, compared to 2,883 sales during the same period last year. “Residential benchmark prices across all properties declined 12 per cent between May and November of this year,” Watt said in a podcast yesterday. He added that across the Lower Mainland real estate market, it’s taking longer for homes to sell compared to previous months. “In Greater Vancouver, the days on market average for November was 64 days,” Watt said. That’s 20 more days than November 2007.

Vancouver City Skyline Nearly as Bleak as Real Estate Markets

A great article by Derek for InTransit section of MetroVancouver News. The chaos on Wall Street continues to pummel the economy in the new year and is going to be felt locally. In metro Vancouver, a signature of the economic boom years – so called starchitecture – is about to take a major hit. Construction financing is harder to get and uncertainty and confusion are prevalent in the real estate business in greater Vancouver. Which means some inspired Vancouver condo buildings designs are on the verge of going down before ever getting the chance to go up. What a shame. Historically, many folks in the Lower Mainland real estate market have grumbled about the vanilla look of condominium towers. The harshest critics maintain that Vancouver’s skyline is less breathtaking than it is boring. Internationally renowned architect Arthur Erickson once referred to it as “blah.” That reputation changed, to some extent, with several sleek condominium projects slated for the region – including one created by Erickson himself. Dubbed “Vancouver’s Turn,” the Residences at Ritz-Carlton condo tower was designed by the locally based architect. But the downtown Vancouver condo project is not suspended pending “design changes.” The economic meltdown can’t take all the blame. Last year, Vancouver-based Henriquez Partners Architects put forth plans for a sleek 120 metre tower for the North Vancouver real estate market waterfront. But instead of embracing it, a group of area NIMBYs made enough noise to quash the real estate project. When it comes to inspired architecture in metro Vancouver real estate, it seems, if nervous accountants can’t kill a project, neighbourhood activists most certainly will.

Credit Tight and Sentiment Low

This according to Reuters – MetroNews Vancouver report. Lending conditions in Canada worsened considerably in the fourth quarter and overall business sentiment is at its lowest level in at least a decade, two Bank of Canada surveys showed yesterday. The central bank surveyed senior loan officers at 11 major banks and senior management at about 100 businesses during the quarter in two separate studies. “Business sentiment has deteriorated markedly since the autumn survey as the effects of the international financial crisis and the weak global economy intensified and spread to domestic demand,” the banks said. The pessimism had some bankers predicting the Bank of Canada will opt for a half point rate cut in its key lending rate rather than a less aggressive move on January 20th, 2009. Charmaine Buskas, senior economics strategist at TD securities, predicting the bank could trim 50 basis points. The loan officers reported two thirds of companies felt tighter credit conditions, compared with 44 per cent in the third quarter, both in terms of price and in terms and standards. They attributed it to the worsening economic outlook. Business owners were pessimistic as well: Three quarters of those surveyed think inflation will stay below the central bank’s two per cent target in the next two years.

Correction in Toronto Condo Market is Coming, says Chief Economist

According to MetroNews Vancouver, a prominent Toronto housing economist, Will Dunning is warning of a substantial correction in Toronto real estate’s overheated condominium market. The impact will be felt particularly in the condominium market of Toronto real estate, says Dunning. By the end of September, the economist estimates there were a looming 33,919 condos under construction in the Toronto census metropolitan area. “This very large pending inventory is setting the stage for a substantial correctin,” he said in a sobering report looking at the rental and condo market in Toronto rela estate market. Pre-sale Toronto condominium starts are normally in the 10,000 to 12,000 range annually, but a bottleneck in construction from record sales in prior years has a significant number of units still to be completed, according to the analyst. Finicky condo investors are already beginning to sell in central Toronto real estate, up by 75 per cent in November compared to a year earlier, he says.

Canadians 11% of U.S. Foreign Home Buyers

According to REW article this fall, Figures from the U.S. National Association of Realtors indicate that 11 per cent of all foreign buyers of homes in the United States last year were Canadian. In Florida, the U.S. state with the highest foreign home ownership, Canadians made up nine per cent of home buyers in 2007, up from 7.1 per cent in 2005. Tannis Dawson, a senior tax and financial expert with Investors Group, noted that “the Canadian dollar has been on par or nearly at par with the U.S. dollar for some time now and that has many thinking that it has leveled off and probably isn’t going any higher,” she said. Many Canadians also have concluded it is more expensive to try to buy a second home in Canada than in the U.S. real estate market when looking for the same square footage, she says. In the U.S., she says, in 2002, a house cost about CAN $519,000. In 2008, a U.S. house now goes for about C$325,500. Dawson has some tips for people wishing to buy a property in the United States real estate market. “It is best to have the funds to pay for a U.S. property up front especially when the currencies are at or near par” so as to take advantage of the strong Canadian dollar, she says. If people have enough equity on their house in Canada, “they can take out a mortgage on that… or do a line of credit or some personal debt,” she says.

About 53 per cent of Canadian home buyers take out mortgages and 47 per cent pay cash, according to figures compiled by the Investors Group. Dawson says it is more expensive to get a U.S. mortgage. “In the U.S., if you’re a non-resident they require you to put down 30 to 40 per cent of the property value. Plus have to put six months of your mortgage payments, insurance payments and your property taxes in an escrow account… looked after by an escrow agent,” she says. If you take out a Canadian mortgage on a U.S. home or property, you can go to the bank first and see how much you can raise, and then go shopping in the U.s. As well, you don’t have to put down as much. A seminar in investing in U.S. homes and real estate is held this Saturday, September 6 at the Marriott Pinnacle Hotel in downtown Vancouver, from 9am to 3pm. The event is presented by real estate consultant Ozzie Jurock and will feature experts discussing where to buy, what markets to avoid and tips on buying U.S. foreclosures. For more information, call Marc Jurock at 604.683.1111.

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Vancouver Home Renovations 2009 - The Art of Small Condo Living plus Kitchen Islands and Appliances top list of DIY home renos

The Art of Living Small – Condo Living

A great article in the Home Section of Look Magazine by Deborah A. Only a decade ago, purchasing a single family home was still a realistic dream for first time buyers. However, rising real estate costs have since forced many to downsize their square footage dreams and settle for something smaller. But smaller doesn’t have to mean “less,” and townhouse and condominium developers are offering creative interior designs that maximize usable space and are adding external amenities that create a resort-like feel. “Living small” has become an emerging lifestyle in its own right. There are 100 little tricks to making a small space look bigger, but real estate property developers have, for the most part, concentrated on two main things, says Adera president Norm C: “Making the living area bigger by creating open, flow-through designs and making everything else that can be shrunk, smaller.” Adera helps home buyers adapt to a smaller space by offering a line of customized, built-in options to replace freestanding furniture, including wall units for condo living. Space-saving features for condos inherent in their designs include extra wall mounting for flat screen TVs, breakfast bars in some units, rooftop decks called “lanais.” “On the West Coast, people spend more time outdoors,” says Couttie. “The outdoor lanai becomes an extension of indoors-an extra room to relax in and entertain.” Resort-like external amenities in condo living – including pools, hot tubs, and on-site theatres are becoming more common in condominium developments, says Mark B of Fifth Avenue Real Estate Marketing. “Condo living is more of a lifestyle choice and a more liberating experience than it was in the ‘90s. When you come home to your condo, it is a place where you can literally decompress.” Kitchens, where guests typically gravitate toward at a party, have become the entertainment focal point and the true “living room” of the home. As space decreases, the gourmet aspect of the kitchen has increased. “Kitchens have become more designer oriented and functional. Every square inch is utilized. You feel like you’re on a ship’s galley where everything is compact and accessible,” says Beilling. He adds that designers have also focused on making kitchen esthetics more sophisticated. “Finsishing materials are broader in scope and can be co-ordinated to fit with other areas of the home.” If you’re purchasing a condo unit in an older property, some redecorating may be necessary to achieve optimum streamlined functionality. “Designing small spaces often requires choosing comfort over an established idea of what ‘home’ has to have,” says Mila D of Intermind Design. This can be as simple as replacing a traditional coffee table with a few cube-shaped ottomans that can double as seating, or can be moved into corners when space for a larger gathering is required. “Moving into a small space calls for decorating solutions that allow for multiple uses of space and furnishings,” says Djuras. And, she stresses, “You need to think outside the box.”

Making Small Condo Spaces Even Bigger

BRING THE OUTDOORS INSIDE. Let your décor mirror your outside view to make one a continuation of the other. Trees and flowers or sky, glass and concrete can be reflected in building materials, furnishings, accessories and colour palette. UNIFY FLOOR AND WALL COLOUR COMBINATIONS. Create a feeling of richness and open space using a variety of shades of the same or similar colour for both walls and flooring. Continue the same flooring and colour palette throughout the condo unit. STRIVE FOR A CLEAN, UNCLUTTERED LOOK. Choose modular and/or multi-purpose furniture. Reduce visual clutter by limiting artwork to only a few large pieces. Accessorize with complementing, rather than contrasting, colour accents. CUSTOMIZE AND COMBINE STORAGE SOLUTIONS. A floor-to-ceiling wall-to-wall built-in unit in the bedroom can serve as a wardrobe, TV stand, bookshelves and general storage area. The design can combine “behind the door” and open shelving. ADD REFLECTIVE FINISHES. Mixing reflective finishes such as metal, glass and leather with natural finishes adds to the illusion of additional space in your condo. Choose only a few finishes and apply them consistently through the condo living space. SOFTEN THE UTILITARIAN LOOK. Replacing standard doors with those that have textures and patters such as sandblasted glass or interesting wood panels will help to minimize the utilitarian look of your condo home. CREATE NEGATIVE SPACE. Use small-scale streamlined, movable furnishings that have raised or taller legs. The negative space beneath will add visual depth. LIGHT UP YOUR LIFE. Keep windows clear of obstructions and add as much artificial lighting as you can. Track lighting, wall lamps (up lighters), or cabinet lighting add light without taking up space. Generously provided by Intermind Design – Mila D.

Home Designers say Kitchen Islands and Appliances Top List

A kitchen island and updated appliances should be among the first items changed during a kitchen renovation, according to a survey of registered Canadian designers. The kitchen island is the ofcal point for kitchen design. Forty two per cent of designers predict that kitchens will be built around this central workstation, according to the survey, that was conducted by Jenn-Air. More than half of the home designers, however, also recommended going with new appliances, noting that fresh new designs are now hitting the real estate property market. Warm tones like bronze and copper will continue to be a colour trend in the kitchen through 2008, but they’re not the only colours being used. Home designers identified a wide range of colours fro the kitchen this year including greys, red, greens, blue and white. But they note, “the timeless look of stainless steel also remains popular.” Forty two per cent of registered interior home designers recommend that their clients splurge on appliances, rather than other kitchen design elements such as flooring, fixtures and countertops. “Capturing clients” vision for their dream home kitchen is about piecing together svera design elemtns to create a cohesive environment that is both funcitional and stylish,” said Alexandre Blazys, a Montrel based kitchen home designer. From the Real Estate Weekly of Vancouver Newspaper.

Inexpensive Tips For An Interior Home Makeover

As the cold winter weather becomes a faint memory, urbanites in all price ranges are catching the makeover bug. This spring, don’t let financial woes discourage you from adding flair and funciontality to your apartment or condo. Below are five ways to inexpensively upgrade your apartment’s interior, inspired by the residents of Flatbush Garden, group a New York city dwellers who are looking to save money on housing:
1. Plant Life: Adding live plants to your apartment décor is an inexpensive way to provide color and aroma. Makes ure to do your research to find a plant that fits your needs. For example, a bamboo plant does not aggravate allergies, is easily cared for, and costs very little.
2. Change fixtures: cabinet and doorknow fixture options can be found at all price ranges and are simple and fast way to spruce up an apartment.
3. Anything can be turned into art: Expensive artwork is not the only thing worthy of hanging on your walls. Why not hang a patterend blanket?
4. Utilize your wall space: Mounting shelves, baskets, and cabinets allow you to maximize floor space and will greatly open up a small apartment.
5. Pick a theme and stick with it: even if you do not purchase an entire bathroom or bedroom décor, choose two or three colors per room, and keep them in mind with every home furnishing purchase. The theme will boost your appearance of your apartment as well as reflect cohesion and organization.
Locally, Delta contractor and designer Jeffery Rebiffe says that today’s materials mean it is possible to get a great look, even a kitchen makeover, without spending a lot. He advises, thought, that even a low-cost renovation should have a flash of sophistication. In a kitchen, for example, adding a true slate backsplash or an expensive, high-quality lighting can raise the standard without breaking the bank. For more great renovation ideas, visit the 15 houses on the annual Parade or Renovated Homes, held Jun 8. For details, see

Get The Most Out of Your Living Space
From Metro News of Greater Vancouver Newspaper: Here are some easy-to-do tips to help you put a lot of stuff into a little place. By Interior Divine Colin & Justin. Fancy, ahem, cramming in a little extra where you, ahem, need it most? Stick with us kids – we’ve got it sorted. However, crammed your house or tight your condo, here’ show to mac up and make it, at least feel, far more dommodious …

Be Flexible
Use “smart double-duty furniture such as sofas which unfold into beds, coffee tables that raise to become dining tables or upholstered ottomans with removable tops that would make the perfect seat, toy box or foot stool.

Make a wheel difference
Position wheeled storage cubes, side lamps atop, either side of your sofa for a slick modern aesthetic. Fancy a change? Remove lamps and push into the centre of your space to make the perfect coffee table. But there’s more. Lift the lids for immediate access to magazines, books and newspapers. Bingo!

Small scale thinking
To maximize space, lose that “big box” PC in favour of a small, sli laptop that can be stored away when not in use. Or swap elaborate outsize squashy chesterfields for smaller compact sofas and chairs.

Behind closed doors
We recently created a glorious white galley kitchen in a tiny London condo and, because our client works from home, assigned on side of the room to food prop and the other to his stock-market business. On first glance, the long white room looks like kitchen heaven, however, open doors on one side and computer, files, and photocopier suddenly appear. Also, a section o worktop pulls out by 18 inches to create a desk where our chap can go about his business! Close the doors back over, push back the counter … and culinary calm is restored.

Discover you’re big downstairs!
Don’t ignore one of your biggest assets! Instead, dive below into the great Canadian basement to create awesome possibilities chez vous. Rather than languish in what’s little more than a dank, messy storage room, consider the benefits of a finishe basement. We’re thinking guest suite, home office, children’s play room, spa bathroom… The choice is, and the added flexilibty will be, yours!

Here’s a hit list of double duty kit that will help you shop “smart”:
Storage Ottoman – seating, storage and table all in one
Kitchen Storage Bench – cook books, and baking trays, housed casually within kitchen table seating
Sofa Bed/Murphy Bed – a guest suite in minutes and no extra room required
Coffee Table With Stashable Stools – additional seating when you need it
Extendable Dining Tables – office/work space as required
End Tables With Drawers Or Shelves – a stylish way to introduce extra surfaces and extra storage
Armoire – use a multimedia housing, TV disguise or clothes storage. Particularly good for bedroom offices. Don’t forget to pins sleeves to the inside of the doors to stash flast files etc.
Stackable Chairs – enough said!

Colin and Justin’s Home Heist airs Tuesdays at 6pm, Saturdays at 4pm and Sundays at 11am on HGTV.

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FLASHBACK: New Westminster Re-Sale Condos and Townhomes - Royal City Terrace on Queens, Brockton at the Heights, The Uptown, The Royalton Residences

A flashback to what made these New Westminster Condos and Townhomes best sellers in the New West housing market. These re-sale condominiums and New Westminster houses for sale are very reasonably priced still.

Royal City Terrace on Queens New Westminster Townhouses

Bigger is better according to the Bucci Developers marketing for their newly completed Royal City Terrace townhomes in New Westminster real estate market. Up to 2126 square feet, these spacious new townhouses on Queens started from the $230’s including GST when they first launched sales. It is time to herald the arrival of a new way of living. Welcome to the Royal City Terrace Townhouses, one of the best new real estate developments in New Westminster property. Offering only twenty nine palatial townhouses featuring two and three bedrooms with basements in most New Wesminster Royal City Terrace town homes, these residences are truly amazing. Not only that, there is secure underground parking and up to two thousand one hundred and twenty six spacious square feet of interior space. Royal City Terrace New Westminster townhouses is definitely the crown jewel or urban living in this up and coming neighbourhood. So spread the news, it is time to live bigger and better. Introducing the Bucci Development at Royal City Terrace on Queens town homes for sale. Located at Queens and 6th Street across from City Hall New Westminster.

New Westminster Brockton at the Heights Apartments

Sales started back in 2003, and the unimet Homes designed and built Brockton at the Heights condo apartment homes in New Westminster real estate resale market were a huge success. Built to Last according to their original print marketing: Forever (and a day). Every detail at the New Westminster Brockton apartment condominiums has been thoughtfully designed to suit the most impeccable tastes: sunlit floor plans, garden patios, spacious covered balconies and sleek appliances. In addition, the standard features at the resale Brockton New Westminster apartment homes include deep soaker tubs and cosy fireplaces with wood mantels. Your Brockton at the Heights home is also built with Unimet’s Rain Screen Wall System – so well researched, that many engineers have chosen to buy our new homes. At the resale New West Brockton at the Heights condominium residences, you’ll never be at a loss for things to do. Spend leisurely weekends shopping Antique Row and the New Westminster Quay waterfront district. Tour beautifully restored heritage homes closeby. Play tennis all summer, ice skate in winter, and savour the spring in Queen’s Park just steps away from your new Brockton apartment condo in New Westminster re-sale real estate market. Travel to downtown Vancouver by Skytrain in minutes. This is true urban living with original pre-sale pricing for the New West Brockton at the Heights apartments starting from just $122,900. With a wide range of floor plans from one bedroom to two bedroom plus den condos, the Brockton at the Heights New Westminster property is located at 808 Sangster Place (near 8th and McBridge) in the Royal City. Contact 604.516.6789 or visit for more information about upcoming projects by this developer. The Brockton apartments come with the National Home Warranty.

The Uptown New Westminster Condos

A new tradition for New Westminster real estate market: If it’s location you want. The Uptown’s got it. The New Westminster Uptown condo apartment resale properties are perfectly located in the heart of the Royal City’s thriving Uptwon neighbourhood located at 6th and Hamilton. This neighbourhood is an area of countless amenities with everything imaginable. Try walking from your new Uptown apartment condo to shops off all descriptions, restaurants, a library, community seniors’ centre, medical and financial services, theatres and parks just next door. And because of its central location, all of the Lower Mainland is easily accessible by bus or nearby SkyTrain from your private new Uptown New Westminster home. The Uptown Condo Presentation Centre was open at the Royal City Centre Mall during presale and is now closed. The special offer for the pre-construction New Westminster Uptown condominiums was offering a three per cent discount on the presale price of the suite for the first 40 purchasers. The Uptown New West apartments is built by Appia Group of Companies and provides the 2-5-10 year home warranty program.

The Royalton New Westminster Residences

Dare to compare and move in today into the recently completed pre-sale Royalton New Westminster luxury condominium homes. Completed in 2003, this new condo high-rise featured incredible views, spacious three bedroom residences and a concrete tower construction. Developed by Onni group of companies, the New Westminster resale Royalton Residences was absolutely Lower Mainland’s best value for concrete homes. New concrete homes with three bedrooms in this up and coming New Westminster real estate community started from just $212,900 when they first launched sales back in 2003. So what are you waiting for? With zero per cent financing and payments from just $660 per month based on their 5% down, current one year interest rates at Bank of Montreal, there was no reason why renters didn’t switch to home ownership by purchasing a completely new luxury residence at the Royalton Condos by Onni. The New Westminster Royalton Residences only had a few presale opportunities remaining a the time of completion and most were either two bedroom and den suites or three bedroom family residences. With a great central location where residents and home owners could walk to the New Westminster Quay and SkyTrain, most new apartment homes at the Royalton Residences in New West real estate market had panoramic unobstructed river views. Some of the interior finishes that were standard in these new Royalton New Westminster Residences included granite counters, hardwood flooring an a full appliance package including in suite washer and dryers. Still one of New Westminster real estate’s best value for new concrete condo homes, the Royalton by Onni Developers is located at 850 Royal Avenue and comes with the two, five, ten year balance of the home warranty.

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Monday, February 2, 2009

Robert Allen’s Canada’s Real Estate “Gold Rush” Triggers Property Investor Bonanza - Prime, Undervalued U.S. Real Estate -Great for Property Investors

For Amateur and Professional Property Investors - Robert Allen’s Canada’s Real Estate “Gold Rush” Bonanza

Canada’s red hot real estate market is the perfect time to get fantastic deals on wonderful properties. But did you know… you can buy homes for below real estate market value, saving you $40,000… $80,000… $160,000 or more. Better yet, you can buy real estate homes with little or no money coming out of your pocket. Even get money paid back to you at closing. That’s right: Get paid to buy a house. Now’s the time to invest in fantastic Canada real estate properties: see why one of the best times to make money in real estate is right now. See how to strike great deals on terrifice properties in Canada real estate market. Even if you don’t have a dollar of your own to spend. Now’s the time to get bargain basement real estate housing pries: Most real estate investors hesitate to act while the iron is hot. They let truly terrific deals go to real estate property investors who know how to take full advantage. Find out how you can lock down profits as never before. It’s not whteter you have enough money. You don’t need money for real estate bargain deals. It’s whether you have the know-how. Now’s the time: Free workshop in your area: Many people who attended this free real estate event now own real estate worth millions. You can own a million dollars in Canada real estate in the next 60 days. Let me show you now is the time. Robert’s Allen’s creating wealth with real estate workship. Discover all this and more in two exciting hours only! Robert Allen will focus on new techniques for today’s Canadian real estate market, 3 ways to make money from day one, uncover hidden property bargains in Canada, Cash in with commercial real estate and find Canadian real estate for way below property market value. Also, the Creating Wealth with real estate workshop by Robert Allen will show you how to build a real estate portfolio that secures your retirement in five years or less, use real estate in Canada to build steady monthly income and Robert Allen’s classic “nothing down” strategy in purchaseing property. Real people with real wealth, right now. Right now, there is free admission to Robert Allen’s Creating Wealth with Real Estate Workshop in Vancouver (with four different dates). For more information, please attend his workshop.

Cash In On Canada’s First Home Buyer’s Real Estate Market In Over A Decade

From an advertisement in 24Hours Vancouver newspaper: Let me show you how to arm yourself with Canada specific strategies at my free workshop. Real Profits. Right Now. “I believe today’s Canadian real estate market is the true path to financial independence.” – Robert Allan, Author and President of the Robert Allan Institute. Experts agree it’s the beginning of the first Canadian buyer’s market since 1995. Prices are finally down – now is the time to throw your hat in the ring and create financial freedom. I can show you where to look – the right way to buy – and how to manage a real estate portfolio so you’ll be poised to create the kind of wealth that lasts a lifetime through investing in Canadians real estate. Hometown Real Estate Expert Wants To Make You Rich: I’m Robert Allan, Canadian-born author of the best selling book that showed how almost anyone can get rich with real estate investing in Canada, even if they have no money. NO other real estate expert has the specific knowledge and strategies for the Canadian real estate market. At my FREE workshop, you’ll see how this is the beginning of the ideal property market for anyone (even beginners) to build the type of real estate portfolio that creates millionaires. Even during economic downturns. Financing Techniques Perfect for Today’s Tight Credit Market. I can show you how to buy Canadian homes with little or no money coming out of your pocket. Even get money paid back to you at closing. That’s right: Get Paid to buy a house. Fantastic Properties and Hidden Bargains: Conditions are ripe for you to make a fortune today – if you know how to lock down a great deal. The public simply doesn’t know where or how to look for super discounted deals. I can show you how to buy your first discounted property, even if you don’t have a dollar of your own to spend. Free Workshop in Your Area: My brand new free workshop is coming to your area. Many people who attended my original legendary free workshop now own real estate worth millions. And in today’s Canadian real estate market, it’s possible to secure your financial future faster than ever. Your journey to permanent wealth begins at my workshop. Robert Allan’s students have pocketed more than $1.2 billion in pure profits. When you come to the FREE Robert Allan workshop, you’ll discover how you can jon the group of students in generative massive wealth in today’s Canadian real estate market. Free Admission to Robert Allen’s Creating Wealth with Real Estate ® Workshop is accepting registrations now. What Robert Allan knows about Canada’s real estate market can make your rich. How to find and buy real estate for up to 50% to 70% below market value. How to move property quickly in a down market for big profits. How to locate deals before they’re advertised. How to use real estate to generate monthly income. How to build a real estate portfolio that secures your retirement. Who Should Attend the Robert Allan Creating Wealth with Real Estate ® free workshop: experienced Canadian real estate investors looking to build their portfolio, beginners ready to invest in a buyer’s market, first time homebuyers.. now is the time to buy, investors looking to recoup stock market losses and anyone in need of extra income in tough times. Why you should go to the Canadian Robert Allan Creating Wealth with Real Estate ® workshop> Canadian strategies for today’s Canadian real estate market, one of the only real estate workshops designed by a Canadian real estate investor. Enriching – Find out how to located hugely lucrative deals quickly and discover proven paths to increase monthly cash flow through investing in Canadian real estate.

Advertising Supplement: Prime, Undervalued U.S. Real Estate - A Clarion Call for Property Investors

It’s not every day, every year or even every decade that we witness a near perfect convergence of factors that compel real estate investors to stand up and take notice. Yet today this is where we find ourselves as the real estate purchase opportunities in the U.S. real estate market in emerging key markets collide with a strong loonie. However, with the Canadian dollar trading close to its 40 year high against the U.S. greenback, and the availability of U.S. credit diminishing quickly as the subprime mortgage crisis unfolds, U.S. real estate opportunities for Canadian property investors to capitalize on prime, undervalued U.S. real estate abound. In an economic downturn, demand for rental housing can increase as consumer confidence erodes; job losses mount and potential home buyers postpone their U.S. real estate purchase and elect to continue renting. People who were “natural” renters before subprime mortgage are returning to the U.S. rental pool, even as undervalued US real estate properties make it onto the market. The supply of new apartments is constrained by tight credit market conditions making it difficult to bring new property developments on stream. Despite current economic concerns, population growth in the U.S. continues at the rate of nearly 1% annually, with much of the growth coming in the Southwestern and Southeastern portions of the country. Vacancy rates are at or below lont term averages in most real estate markets, propelled by continued job growth and low unemployment. Increased rental demand in the US should result in higher occupancy levels and higher rents. U.S. apartment fundamentals are quite strong, with effective rent growth in 2006 exceeding inflation for the first time since 2001. Over the past 3 decades, the U.S. multifamily apartment property sector has earned an attractive 11.91% average annual total return. The best undervalued U.S. real estate opportunity is investing in strong fundamentals. The Sunbelt region continues to offer strong population growth, a lower cost of living and doing business consistent long term job creation, affordable housing and an appealing lifestyle. 20|20 Investments Inc., a Vancouver based company that specializes in real estate investment, is offering a unique investment vehicle. The U.S. Apartment Opportunity Fund 2008, a subsidiary of the 20|20 Diversified Income Trust, is a U.S. dollar denominated fund that allows Canadian real estate investors to capitalize on the recent strength of the Canadian dollar earning future income and profit in U.S. currency. It is an RSP eligible, pays quarterly distributions, and there are no U.S. tax filing requirements. A simple, hassle-free way to gain access to the undervalued U.S. real estate buying opportunity south of the border. For more information on upcoming seminars and details on this undervalued U.S. real estate investment opportunity, please visit or email or call 1.866.920.6868. “U.S. real estate markets are about to see an unprecedented level of foreign investment as the lack of domestic financing coupled with recession and the weak dollar helps to usher in a new base of property investors to pick over the remains.” Joe Valente, head of Portfolio Management and Strategy at Allianz, Property Wire, June 25, 2008.

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New Greater Vancouver Transportation Infrastructure Projects - Evergreen SkyTrain Canada Line Updates & Olympic Rail Line Vancouver Streetcar Network

More Updates Regarding the Proposed Vancouver Evergreen SkyTrain Line – Over Budget and Trying to Find More Funding – August 2009

If you think that the proposed Evergreen Line SkyTrain system in Greater Vancouver servicing Port Moody, Coquitlam and Port Coquitlam is a slam dunk, think again. According to Metro News Vancouver, the B.C. government now needs to find an additional $175 million for the Evergreen transit plan SkyTrain Line in order to get started. TransLink says that the scenario is for the livability of the region at large, and is a requirement for major transit plans for the Port Coquitlam, Coquitlam and Port Moody cities for the upcoming decade. The province now needs to come up with an additional one hundred and seventy five million dollars in order to fund this long-term B.C. Vancouver transit plan which will include the construction and implementation of the Evergreen SkyTrain line. Just proposed were 3 different plans, all with varying degrees of costs and budgets. Depending on the plan, there may be an increase in fuel taxes, vehicle levy and increase in transit fairs (higher than inflation) in order to fund the new Evergreen Line SkyTrain project. The second plan is a fall back option, which is the original plan of building a bare bones transit system to the tri-cities. The third option is the new one presented by TransLink and requires $450 million in total funding and will include the maintenance and upgrades, design and construction of the Coquitlam, Port Coquitlam and Port Moody Evergreen SkyTrain Line in adition to the rapid transit expansion down Broadway and through Surrey in addition to three hundred new buses. The Evergreen Line Skytrain system is expected to have a profound influence on the livability and convenience for commuters to and from the downtown core from Port Coquitlam, Coquitlam, and Port Moody. With the transit system in place through the Evergreen Transit Plan, the property values and real estate values of Coquitlam, Port Coquitlam and Port Moody are expected to skyrocket as it will make it much easier for residents to commute to and from their respective cities.

About the Vancouver SkyTrain Evergreen Line

Fast Facts about the new Evergreen SkyTrain Line: The length of the rail line is approximately eleven kilometres of which there are portions that are at grade, tunnelled underground and elevated above ground. The number of proposed stations for the Evergeen SkyTrain Line is anywhere from six to eigh and the linking major population Greater Vancouver centres include: Coquitlam, Port Moody, Burnaby, Vancouver, New Westminster, Port Coquitlam, Anmore and Belcarra. The travel time between Coquitlam City Centre to the Lougheed Town Centre will be only about thirteen minutes, cutting down travel time significantly for thousands of commuters. In addition, the maximum speed for the Vancouver Evergeen Line Skytrains will be approximately eighty kilometres per hour. Seamlessly connecting with the current Millennium Skytrain Line, the Evergreen Line will connect to other major centres in the Lower Mainland with ease. The estimated cost of construction for the Vancouver Evergreen Line SkyTrain wil be about $1.4 billion and the construction is slated to start in 2010 and go on for four years. The Evergreen Line SkyTrain Stations will have up to eight stations on the opening day with six primary SkyTrain Stations already confirmed as being: Douglas College/Coquitlam City Hall, Coquitlam West Coast Express, Ioco (near Barnet Highway and Ioco Road intersection), Port Moody/West Coast Express, Burquitlam, and Expansion fo the existing Lougheed Town Centre. In addition to these 6 primary stations, there are also proposed two additiona Evergreen Line SkyTrain Stations that will be considered with the shape of land, ridership, transit oriented development and other factors. The project benefts for the Evergeen Line Vancouver SkyTrain will include facilitating economic growth and creating more regional jobs, increase in transportation choices for commuters, improvement of the transit network throughout greater Vancouver in addition to providing faster, more frequent and more convenient rapid transit from Coquitlam to Vancouver via Port Moody and Burnaby. The Evergreen Line is a new rapid transit line that will connect Coquitlam to the rest of the western municipalities. It will be very fast, frequent and convenient SkyTrain line and from one end to the other should only take 13 minutes. The SkyTrain Evergreen Line will have seamless integration with current SkyTrain lines including the Millennium and Expo Lines in addition to regional lines, Canada Line and the West Coast Express train. The Evergreen Line is an essential element of The Provincial Transit Plan and the Federal Building Canada Plan.

About the Vancouver SkyTrain Canada Line

Taken from a Canada Line Rapid Transit Inc. press release for information about the up and coming SkyTrain expansion line from Richmond to downtown Vancouver. At a length of nearly 19 kilometres, the Canada SkyTrain Line in Vancouver real estate market will be an automated rail-based rapid transit service connecting Vancouver with central Richmond and the Vancouver Airport. This ultimately will link growing residential, business, health care, educational and other centres in the Lower Mainland and adding transit capacity equal to 10 major road lanes through Richmond and Vancouver. The Vancouver SkyTrain Canada Line extension will connect with the existing rapid transit lines at Waterfront Station and major east and west transit services, creating an enhanced SkyTrain network to serve the region. Did you know? The Canada Line Skytrain expects about 100,000 riders per day in 2010 and approximately 31 million passengers per year. By 2021, this number is expected to grow to about 45 million passengers per year on this Canada Line by itself. Employment in downtown Vancouver and Richmond is expected to increase by 23% and 70%, respectively, by 2021. About 500,000 people travel daily between downtown Vancouver, central Richmond and the Vancouver International Airport along Main, Cambie, Oak and Granville Streets. The Vancouver region processes 100 million tones of cargo and serves 15 million air passengers and one million cruise ship passengers annually. The SkyTrain Canada Line will help alleviate some of the pressures associated with this mass move of people. The average commuter trip time in the downtown Vancouver/Richmond transportation corridor has increased by 36% in the last 10 years (from 19.5 minutes to 26.5 minutes). Vancouver’s downtown peninsula and central Richmond are expected to see population increases of 50% and 75% respectively by 2021. The number of vehicles in Greater Vancouver real estate community is increasing at a faster rate than the population, adding about 20,000 more cars per year. The population of Greater Vancouver is expected to grow by 450,000 during the next 10 years reaching over 3 million by 2021.

Vancouver Canada Line SkyTrain – Linked Real Estate Prices May Soar

According to Real Estate Weekly newspaper: If the SkyTrain experience is duplicated, property owners with land near Canada Line stations should expect a spike in real estate values when the $1 billion plus rapid transit line opens next year. According to a report from New Westminster based Landcor Data, from 1986 to 2007 the value of land within 500 metres of SkyTrain Stations in Vancouver increased 628 per cent, compared with 352 per cent for other land in host municipalities during the same period. The study also found that multi-family housing starts in Vancouver in the 10 years after SkyTrain’s Expo line opened increased by more than 600 per cent near such key stations as Surrey’s Gateway, New Westminster’s Columbia Street and the Joyce Street station in Vancouver. But the Landcor study found that not all stations experienced such explosive growth. For example, housing starts near the Broadway SkyTrain station fell 22 per cent in the 10 years after it opened and have declined a further 40 per cent since. The King George and Surrey Central stations also saw sharp drops in housing activity after the Skytrain arrived. The key Canada Line Vancouver SkyTrain stations include: Broadway-City Hal SkyTrain Stationl: While retail and light industrial properties dominate north of Broadway, transformation of the area is already spilling over the south side of Broadway to the Cambie Village at West 16th where several new residential developments are taking shape. Oakridge-41st Skytrain station: the pending real estate redevelopment of the Oakridge Centre shopping complex site on a key bus route to UBC. Additional redevelopment opportunities along Oak Street should get a boost from the improved transit connections.

City of Vancouver Unveils Olympic Rail Line – Vancouver Streetcar Network Nears Reality

According to 24Hrs Dharm M: The dream of a Vancouver streetcar network connecting downtown to Granville Island through the False Creek area hinges on the whims of TransLink. Yesterday, Mayor Sam Sullivan officially launched the Downtown Streetcar 2010 Demonstration Project. The 60-day pilot project, starting January 21, 2010, will offer transit users free regular light-rail service to and from Granville Island and the Olympic Village Station in False Creek on two state of the art Bombardier trams or streetcars, with each carrying 200 people. “We’re putting $8 million into this already so believe me this is going to be permanent,” Sullivan said. “We have plans that ultimately this streetcar will go right out to the convention centre.” Costs for such a Vancouver streetcar line are in the $100 million range, according to Sullivan. NPA mayoral candidate Peter Ladner is eager as well. “any increase in transportation choices in the city is exactly what I would like to see,” Ladner said. Ladner added a rapid transit line to UBC would take priority over a Vancouver streetcar network. Vision Vancouver council candidate Geoff Meggs said adding light-rail transit to the grid can’t come soon enough and would prefer it if pilot projects were scrapped for permanent plans. TransLink CEO Doug Kelsey needs big results form a pilot project before the transit authority can even consider making plans. “[Light rail] will have to earn its right into the overall network,” he said. According to MetroNews Vancouver Monica M: Vancouverites will have a new “sustainable” light rail transportation system during the 2010 Olympic Games, Mayor Sam Sullivan announced yesterday. The Olympic Line – Vancouver 2010 Streetcar will run from January 21 to March 21, 2010 and will connect Granville Island to the Canada Line Olympic Village Station located on Cambie Street and West Second Avenue. “The service aims to showcase an accessible, sustainable transportation option,” Sullivan said. The service is not free, but will be incorporated into TransLink passes. The City of Vancouver has spent $8.5 million upgrading the Downtown Historic Railway and hopes to extend the line to Stanley Park, UBC and along the Arbutus Corridor in the future. An estimated $100 million is required to expand the service to Science World, and $50 to $100 million incrementally to take it to Stanley Park ad Waterfront Station. Counc. Peter Ladner said the next steps are to approach TransLink, the provincial and federal governments for funding.

The SkyTrain Evergreen Lin Controversy Heats Up

A great article in the News Section of the Georgia Straight in February 2009 by Charlie S. Finance Minister Jim Flaherty promised in his January 27 budget speech that federal Canadian funds will flow for the proposed $1.4 billion Evergreen SkyTrain rapid transit line to Coquitlam. That has the major of Coquitlam, Richard Stewart, in a celebratory mood. However, Port Moody major Joe Trasolini says he’s not convenience that the Canadian federal funds for the Evergreen Skytrain line will actually materialize because the Conservative government didn’t include Evergreen SkyTrain Line funding as a line item in the January federal budget. IN a phone interview with Georgia Straight on January 27th, 2009, following the budget speech, Trasolini pointed out that the federal infrastructure budget of $407 million for improvements to Via Rail. There is support, but no line item specifically expressing that the funds will go directly to the Coquitlam Evergreen Line Skytrain project. The proposed rapid transite line would run from Lougheed Mall to Coquitlam via Port Moody. Most of the area is represented in Ottawa by Canadian Heritage Minister James Moore, who did not return a call from the Georgia Straight. TransLink has pledged $400 million for the proposed Skytrain Project called the Evergreen Line, while the B.C. government has promised $410 million. The as yet unknown private partner that builds the rapid transit Evergreen SkyTrain line is expected to cover $200 million of the cost. Proponents hope that Ottawa will provide $400M, but Trasolini claimed that only $67 million has been commited thus far. Stewart cited three reasons why he thinks Ottawa will furnish another $330 million for what he described as a SkyTrain like project: Flaherty’s comment in the federal budget speech; the federal government’s Buildign Canada program, announced in 2007, which provides $33 billion for infrastructure renewal over seven years, and a Conservative promise in the 2008 budget to contribute $500 M for transit and rolling stock improvements in Greater Vancouver, Peterborough and Montreal. Meanwhile, a local critic of SkyTrain systems told the Georgia Straight in a phone interview that there won’t be sufficient ridership to justify an Evergreen SkyTrain line to Coquitlam. He also predicted that the proposed SkyTrain Evergreen Line project will end up costing much more than $1.4 billion.

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Downtown Vancouver Rental Suites at 600 Drake Street - Vancouver West End Apartments for Rent at Affordable Prices - Rental Market Update

Downtown Vancouver Rental Suites at 600 Drake Street

When real estate prices skyrocket, there is a general assumption made that the rental vacancies drop significantly in the downtown Vancouver rental condo market. The reason for this is because fewer people have the money to purchase a new condo for themselves, or even the urge to outbid other parties for a downtown Vancouver condominium. Rather, many would-be purchasers and homebuyers opt for downtown Vancouver rental condos for an extended lease until the prices of real estate start dropping. Well, flash forward 12 months, and now, we are at the time of a significant drop in downtown Vancouver condo real estate prices. Some estimates already have the drop in property value at 20%, others have a more conservative estimate at about 10%. Whatever the numbers tell you, it is clearly evident that the downtown Vancouver real estate prices for condos and suites have come down since it’s exponential rise over the past five years.

So What is Happening in the Vancouver Rental Suite Market?

Well, just as we had said above that when real estate prices go up, vacancies go down in the downtown Vancouver core. Rental suites and condos for rent in downtown Vancouver during this downturn in the global economy and real estate prices is actually at a very strange time. Not only have vacancies remained low during this catastrophic downturn in the economy and property values in downtown Vancouver, but the rental condos vacancies are actually at all-time lows. So what is happening here? This is exactly opposite of what is suppose to happen in the downtown Vancouver rental suite market! First off, the drop in perceived value may be around 20%, but the actual drop in accessible condo value by the government is much less. Due to consumer confidence, this has shed years of equity away in a mere months, but not according to the government. Secondly, because the global economy is still on the downward spiral, many home buyers expect even more significant drops in downtown Vancouver real estate values in the coming year and therefore, are waiting it out. In many cases, this may cause a huge problem called deflation, but let’s not get into that at this time. As many first time homebuyers and purchasers are waiting to get better deals and prices on new downtown Vancouver condos, the rental suites and condos for rent in the core have diminished even with the recent completion of many high-rise condominium towers. The vacancy for downtown Vancouver condos is at its all time low and will continue to get lower as more people move into the city core, wait for better prices to purchase their home and continue renting suites.

Why 600 Drake Vancouver is the Best Choice

According to the Home Renters Magazine and this article written by the most trusted source in the Greater Vancouver real estate market, whether it be rental condos or homes on sale, Susan, hits it bang on with 600 Drake rental condominiums in downtown. Sure an apartment is a palce to live. But you want more. You want an apartment in downtown Vancouver that you can really call your home – somewhere with character, a convenient location, plus all the extras like a fitness centre and a games room inside your own building. Welcome to the 600 Drake downtown Vancouver rental condo apartments. Located at 600 Drake Street, this ideal one apartment downtown Vancouver rental condo building celebrates a fun loving, ecletic downtown lifestyle. With renters knowing each other and looking out for one another and from easy going, friendly tenants, the downtown Vancouver 600 Drake rental condos and apartments for rent is a model for other buildings to follow. The 600 Drake rental suites are a mix of junior one bedrooms and studios, many of which have been recently renovated with style. New carpeting, tiling and cabinetry are just some of the upgrades made to many of these downtown Vancouver rental condos and 600 Drake apartment sfor rent with open concept floor plans, lots of storage space and much more. The penthouse suites at the rental 600 Drake Vancouver condos is most impressive, with outstanding views of False Creek, English Bay and Granville Island.

More Information about the Downtown Vancouver Rental Apartments

Nothing beats the location of the 600 Drake Street Vancouver rental apartment suites. From Emily Carr to Vancouver Film School and from SFU to the Art Institute, this is the place to live if you want to walk to work or school or shopping or dining. Inside, the amenities list for the 600 Drake rental condos in downtown Vancouver condos for rent market include a tv/media room, outdoor patio, games room, lounge and gym. There is also complimentary wireless internet for all tenants at this great Vancouver rental apartment building. If you would like more information regarding the availability of rental suites at 600 Drake, please call 604.681.0727 or you can drop by the rental office between noon and 5pm. The building is managed by Concert Properties.

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