Vancouver Real Estate

Rapid Transit in the Broadway Corridor

by Maggie Chandler April 3, 2010 Latest News

City Hall is seeking information about the future development of rapid transit in the Broadway corridor. TransLink and the Province of BC have undertaken a UBC line/Broadway Corridor Rapid transit Study. The corridor covers Central Broadway, the area from the commercial drive station to UBC and from 4th Avenue to 16th Avenue.

The study is looking …

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Vancouver’s Cecil Hotel Turns into a Condo

by Maggie Chandler April 3, 2010 Downtown

Rize Alliance Properties purchased the Cecil and Yale Hotels and the project will be pre-selling after the Easter weekend and has been named the Rolston.

The 120 year old Yale Hotel will be renovated and the former owner Waide Luciak has agreed to spend an undisclosed amount to buy back commercial space at the hotel that houses …

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Vancouver Shangri-la Condo

by Maggie Chandler April 2, 2010 Downtown

Vancouver’s Shangri-la condo building now has a higher number of listings than it did in November.

The Estates at Shangri-la

Currently there are 10 suites for sale in the Estates at Shangri-la, from #3.2M and 2 sales in 2010 including my lisitng on 53rd floor, which is a unique (one of only 3) double height 3 …

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Vancouver Average House Price Hits $1M

by Maggie Chandler April 2, 2010 Home Prices and Trends

The average price of a Vancouver house cracked $1M in March, for the first time. There were 152 published MLS sales on the West Side and only 8 below $1M. with an Average sale price of $1,936,000. 133 solds on the east side and 12 were over $1M with an average sale price of $799,000.

Only 23 sales …

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Vancouver Penthouse Real Estate Analysis

by Maggie Chandler March 30, 2010 Home Prices and Trends

The MLS shows 116 listings (up from January) over $500,000 identified as Penthouses – a special apartment on the top floor of a building. Some condos are marketed as Penthouses if they are one of a few suites on the top floor. February’s supply of Vancouver Penthouses was 9.6 months, with the listings under $1M selling …

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Canada Real Estate Roundup

by Maggie Chandler March 30, 2010 Home Prices and Trends

All Canadian Provinces show higher prices than a year ago.

The average Canadian real estate price in February 2010 saw the cities of Vancouver, Victoria, Calgary, Edmonton, Winnipeg, Toronto, Ottawa, Montreal all higher than a year ago. Only St. John (N.B.) was lower. The national average was higher than a year ago.

The following is a release by CREA, you …

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Vancouver Luxury Real Estate Sales

by Maggie Chandler March 26, 2010 Home Prices and Trends

I’ve been too busy to blog! Thanks for your patience.

Vancouver’s luxury real estate market in February was slower than January. Listings up and sales down but more sales over $5M. Currently 75 of the luxury real estate listings over $3M are condos, the remainder houses. The highest sale price was over $10M for a house over 11,000sf …

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Vancouver Downtown Real Estate Analysis

by Maggie Chandler March 21, 2010 Downtown

Vancouver’s Downtown real estate analysis in Febuary saw listings down slightly and similar to a year ago.. As expected sales dropped (due to the Olympics) by 55% but was similar to a year ago. The market under $500,000 selling the best. Average days on the market steady at 35, and average $psf down slightly to $606. Sale price to list price ratio steady at 98%. Now over …

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False Creek North Real Estate Analysis

by Maggie Chandler March 14, 2010 False Creek North

False Creek North real estate analysis for Febuary saw listings on the rise for the third consecutive month, from 153 to 187. Sales dropped from 28 to 20, the lowest since Feb’09. Days on the market consistant at 41. The supply of condos nearly doubled, now 9.3 months with considerably more sales over $1M, pushing the $psf up to $863. Buyers finally have …

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What Vancouver Real Estate Buyers Should Know About April 19th

by Maggie Chandler March 13, 2010 Buyers

CMHC’s new rules come into effect April 19th. At that date real estate buyers will qualify for a lower mortgage if you require a CMHC insured mortgage.

Be sure to ask your financial institution which are the two amounts you qualify for, pre and post April 19th, as this will impact your purchasing power.

Read my past …

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