Bob Rennie’s 101 Reasons Why You Should Buy Today
June 19th, 2008 Categories: Real Estate News, Vancouver Real Estate
Bob Rennie’s recent speech at UDI was full of facts and figures. He remains positive on Vancouver’s future and its real estate market. Bob has long been Vancouver’s #1 Condo Project Marketer and his predictions have been right on. Here is an overview of his speech.
Consider the recent sales of Downtown Penthouses “celebrity product”. Shangri-la Penthouse just sold for $16 million, so did the Fairmont. Residences on Georgia sold their Penthouse in the spring for $18 million. Ritz Carlton is asking $29 million for the Penthouse. The Ritz Carlton broke $2300 prsqft average!
Downtown’s population was about 40,000 in Expo’86. Today it is around 85,000 and projected to be 120,000 by 2020. Read the rest of this entry »
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