July 2009

Vancouver Hirise Condo Heritage Fight Looms

by Maggie Chandler July 30, 2009 Downtown

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 …

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Bank of Canada Predicts Growth to Resume this Quarter

by Maggie Chandler July 27, 2009

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 …

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Canadian Designers Show their Hottest Designs

by Maggie Chandler July 25, 2009

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 …

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Vancouver Oks Secondary Suites in Vancouver Hirise Condos

by Maggie Chandler July 24, 2009

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 …

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Vancouver Real Estate Analysis for False Creek North June 2009

by Maggie Chandler July 20, 2009 False Creek North

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 …

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Vancouver Real Estate Analysis for Olympic Village June 2009

by Maggie Chandler July 18, 2009 Olympic Village

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.

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Vancouver Folk MusicFestival

by Maggie Chandler July 17, 2009

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.

Check it out

View …

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BC Real Estate Purchase Confidence Improving

by Maggie Chandler July 17, 2009

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 …

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Vancouver Real Estate Analysis for Downtown June 2009

by Maggie Chandler July 16, 2009 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 …

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Vancouver Real Estate Market Analysis for Coal Harbour June 2009

by Maggie Chandler July 14, 2009 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% …

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