Archive for July, 2009
Vancouver Hirise Condo Heritage Fight Looms
July 30th, 2009 Categories: Downtown, Heritage, Real Estate
Vancouver City Hall is reviewing the height of condos in the heritage historic area of Downtown.
This information is taken from their website, view the maps
Key Physical Characteristics of the Historic Area.Building Form: Predominantly rectilinear in shape, the Historic Area’s building form reflects the economic, social, and architectural character of early Vancouver, with most buildings constructed between 1886 and 1920. Older buildings have fine-grained detailing and ornamentation, and use rich building materials. Ground floor uses are primarily pedestrian oriented, with a variety of uses on upper floors. Height: A variation of predominantly low to mid-rise (2 to 7-storey) buildings creating a “sawtooth” streetwall pattern, with a limited number of taller buildings.Density: The average density for the area is 3.4 floor space ratio (FSR)Lot Size: Most building lots are 25-33 feet wide by 120 feet deep, with some lots as wide as 75-100 feet.Streets: Two major corridors, Main Street and Hastings Street, connect the Historic Area to the rest of Vancouver. There are two noticeable shifts in the east-west street grid at Columbia Street and Cambie Street.Open Spaces: Public spaces in the area have a very urban character and are used by residents and for community celebrations. There are no large open spaces within the Historic Area boundaries, however, two large parks are nearby (Andy Livingstone Park and Oppenheimer Park). Views and Natural Features: Burrard Inlet and the Port are to the north; modern high-rise development is to the south and west. Read the rest of this entry »
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Bank of Canada Predicts Growth to Resume this Quarter
July 27th, 2009 Categories: Real Estate
This is the latest news release from the Bank of Canada
- Global economic activity appears to be nearing its trough, and there are increasing signs that activity has begun to expand in many countries in response to monetary and fiscal policy stimulus and measures to stabilize the global financial system.
- However, this recovery is nascent. To sustain global growth, effective and resolute policy implementation remains critical.
- The Bank has long expected that economic growth in Canada would resume in the second half of this year and pick up in 2010. Indeed, growth in Canada should resume this quarter. The dynamics of the recovery projected in today’s MPR are broadly consistent with the Bank’s medium-term outlook in April. Read the rest of this entry »
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Canadian Designers Show their Hottest Designs
July 25th, 2009 Categories: Vancouver
Head down to the Scotia Bank Dance Centre (677 Davie Street) from August 21-23, 2009 for a chance to preview and shop the hottest designs of the season by Canadian designers. The first 25 in line receive a gift bag that includes the latest copy of FASHION magazine.$5 at the door; $3 online in advanceFor more information visitAugust 21st: 5-9pm,August 22nd: 10am-7pm, August 23rd: 11am-6pm
did you know you can search for listings on this site? When you’re ready to buy or sell Vancouver real estate contact Maggie Chandler, an experienced realtor marketing Vancouver real estate since 1981
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Vancouver Oks Secondary Suites in Vancouver Hirise Condos
July 24th, 2009 Categories: Real Estate
Vancouver city council ok’s secondary suites in new Vancouver hirise condos in an effort to home affordability and to increase suites in the rental market. Think of it as a mortgage helper in your condo! Just like we have basement suites in houses.
This new addition to Vancouver condos will have to have its own bathroom and kitchen and its own entrance and can be as small as 280 sqft which could be relaxed by the Director of Planning to 205 sqft.
Vancouver City Hall expect it’ll be a year before we see the first one.
Good idea of bad? What’s your opinion?
when it’s time to buy or sell Vancouver real estate, contact Maggie, an experienced realtor marketing homes since 1981. subscribe via RSS or email and keep up to date with vancouver’s changing market
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Vancouver Real Estate Analysis for False Creek North June 2009
July 20th, 2009 Categories: False Creek North, Real Estate
Listings and sales in June were down from May. Vancouver real estate analysis for False Creek North in June saw listings down from 135 to 121 and are 60% less than a year ago. Sales dropped from 59 to 39. Days on the market down to 61. The average selling price up substantially to $791,179 Average $ psf is up to $687 and is the highest for the year. The average supply of condos in this waterfront hood increased to 3 months, down from 13 months in February and 17 in January. Six sales over $1 million. In March there were none over $1M. This neighbourhood now selling well under $1M. The most number of sales were between $700,000 & $1M. See how bad things were in November.
Listings - 121. only 1 listing under $400,000. 10 listed between $400,000 & $500,000. 19 listed between $500,000 and $700,000. 38 listed between $700,000 and $1 million. 36 listed between $1 & $2 million and 17 listed over $2 million. Read the rest of this entry »
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Vancouver Real Estate Analysis for Olympic Village June 2009
July 18th, 2009 Categories: Olympic Village, Real Estate
Vancouver real estate statistics for False Creek South (Olympic Village) saw listings (Foundry just completed) and sales up for June 2009. We can only track the activity for this neighbourhood through MLS, not the Developers who are pre-selling, but that will eventually change and then we can get a better feel for the neighbourhood. Read the rest of this entry »
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Vancouver Folk MusicFestival
July 17th, 2009 Categories: Vancouver
Vancouver’s Folk Music Festival is an annual event held July 17-19 at Jericho Park and is celebrating its 32nd year!The event has 7 stages, great food, stunning views of Vancouver’s water and mountains. The festival’s “no star” policy means it rarely features famous folk singers but always has plenty of surprises and delights.
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BC Real Estate Purchase Confidence Improving
July 17th, 2009 Categories: Real Estate
A new survey of BC homeowners and renters on housing affordability and green housing issues suggests consumer confidence concerning real estate purchases may be improving..Sponsored by the British Columbia Real Estate Association (BCREA), the May 2009 Mustel Group survey tracked several key measures asked in a January 2009 BCREA survey, including top affordability barriers and how provincial taxes impact BC homebuyers. It also uncovered new primary data on buyer intentions and energy-efficiency practices at home. Read the rest of this entry »
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Vancouver Real Estate Analysis for Downtown June 2009
July 16th, 2009 Categories: Downtown
Vancouver’s Downtown condo market saw listings up slightly to 437 and are the lowest since January 2008. 52 condos expired and came off the market(vs. 78 in Jan) and only 6 got relisted. Sales spiked from 117 to 176 and are by far the highest for the last 18 months. Average days on the market for condos that sold dropped to 32. The average price for Downtown condos that sold is up to $421,929 but lower than a year ago. The average $ pr sq ft for condos that sold is up to $595 and is the highest for this year. A whopping 83% of the sales were under $500,000 and only 2 over $1M. Downtown Vancouver only has a 2.4 months supply of condos (vs.16 months in October). Best selling price range is under $400,000. Market also tight between $400,000 to $500,000. List price to sales price ratio now up to 98%
Listings -437. Least expensive $188,000 for 1 bd 558 sq.ft. ($356 pr sq ft).bank sale sold “as is, where is”. Most expensive -$3.4M assignment for the Atelier Penthouse on Robson (2700 sqft)
Listings Inventory - 32 listings Downtown under $300,000. 103 between $300K and $400K. 94 listings between $400K and $500K. 131 condos listed between $500K and $700K. 30 listed between $700,000 and $1M. 36 listed between $1M and $2M and 6 over $2M.
Supply - 1.4 months under $300,000 (down from 11 months in December). 1.3 months of inventory for Vancouver Downtown condos listed between $300,000 and $400,000. 2 months supply for condos listed between $400K and $500K . 5 months supply between $500K and $700K. 15 months between $700,000 & $1,00,000. 36 months between $1 & $2M and 6 months over $2M. Read the rest of this entry »
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Vancouver Real Estate Market Analysis for Coal Harbour June 2009
July 14th, 2009 Categories: Coal Harbour
Vancouver’s luxury waterfront neighbourhood of Coal harbour saw real estate sales and listings decrease in June, compared to May. It was the best month since February 2008. Days on market down 78 to 57. Coal Harbour inventory dropped from 19 months in February to 5 months. The average sale price increased to over $900,000 for condos that sold. List price to sale price ratio flat at 96% and up from 91% in January. Average $ pr sq ft for sold listings stable $757. Between $500,000 & $1M is the best selling price range. The $1 to $2M is doing better. The luxury market over $2M still soft with 24 months of inventory. Of the 16 listings that did not sell and expired, only 4 got relisted. In April there were 27 expired listings. Coal Harbour market is improving.
Listings -158. 18 listed under $400,000. 8 listed between $400,000 and $500,000. 47 listed between $500,000 and $1M. 36 listed between $1M and $2M and 48 listed over $2M.
50% are listed over $1M, down from 60% in February and up from 45% in January. Read the rest of this entry »
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