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Month: May 2008

by Maggie Chandler Maggie Chandler No Comments

What to do on a Sunny Saturday in Vancouver?

My favourite summer entertainment is Bard on the Beach, the colourful tent in Vancouver’s Vanier Park.

Bard on the Beach runs from May 29th-Sept  27th and is a Shakespeare Festival and has been indulging us with wonderful summer theatre for almot two decades. The main tent holds 520 people. Get there early for a good seat.

This season includes Twelfth Night, King Lear, The Tempest and Titus Andronicus.

Join a special event, such as Bard BBQ & Fireworks (during the Celebration of Light – another Vancouver summer delight) or Young Shakespeareans workshop.

Check out the schedule.  Say hi if you see me there! I try to see them all.

What’s your favourite Bard? Do you attend the event and how many do you see? Have another favourite Vancouver event you’d like to share with us?

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by Maggie Chandler Maggie Chandler No Comments

What Vancouver Investors Should Know Before They Rent Their Condo

Understanding the Landlord Tenancy Act before you rent your Vancouver condo

Did you know?  One third of all home owners in British Columbia rent their home.

Did you know? Secondary suites, including illegal suites, are covered by the same residential tenancy law as apartments in large buildings. 

“Landlord Guide: Information for Landlords in BC” provides valuable information on the many legal and financial obligations of landlords, who are considered business owners and are bound by both provincial and municipal laws, bylaws and regulations. These include the BC Residential Tenancy Act, the Fire Code and the Building Code, as well as municipal bylaws covering secondary suites, smoke detectors, safety and even cleanliness. Read more

by Maggie Chandler Maggie Chandler No Comments

Here’s a Quick Way to Sell Your Vancouver Property

How do you sell your Vancouver property when the supply of listings is up?

There are more listings on the market and fewer buyers.  It seems to me that some of the buyers are confused by having so much choice, so they keep looking at more listings rather than view the ones which meet their criteria, shortlist one or three, view them for a second time and make a decision. 

If you are a buyer you should always have a priority list and number it one to ten. If you are a couple, you should have two lists, then amalgamate them into one. This way you will be focused on what is of most importance to you in selecting a property. Read more

by Maggie Chandler Maggie Chandler No Comments

Who’s Your City? Vancouver? Nanaimo? San Francisco?

I recently saw an interview on CBC with “author, speaker, researcher, thought leader” Richard Florida, talking about his new book “Who’s Your City?”

Florida did a study of US cities and his ideas are thought provoking. The following is a description of the book from amazon.com

How the Creative Economy is Making the Place Where You Live the Most Important Decision of Your Life.

It’s a mantra of the age of globalization that where you live doesn’t matter: you can telecommute to your high-tech Silicon Valley job, a ski-slope in Idaho, a beach in Hawaii or a loft in Chicago; you can innovate from Shanghai or Bangalore. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver’s Gastown Heritage Program On Hold

City Hall has placed Vancouver’s Gastown heritage revitalization program on hold.

I did a post on this recently and thought I’d follow it up with City Hall’s explanation. So here it is.

Here is an excerpt from Vancouver’s City Hall report recommending freezing the program:

An oversupply of banked density could affect the value of the density leading to even larger bonuses, and could potentially undermine the viability of the bank as a heritage incentive. This would affect both current as well as future heritage projects.

Therefore, it is prudent to pause and review the bank’s capacity, the density bonusing formula, and other possible heritage incentives to mitigate the current size of bonuses being generated by heritage projects to ensure the bank remains a viable heritage revitalization tool. Read more

by Maggie Chandler Maggie Chandler No Comments

Power Smart tips for energy efficient use of home appliances

Power Smart tips for energy-efficient use of home appliances

When using your household appliances, there are various, simple energy-efficient habits to implement that will help to reduce your monthly energy bills, as well as be more environmentally friendly.

When cooking, keep preheating to a minimum, and the oven door closed during use. You lose 20 per cent of the heat each time you open the oven door. You can usually turn the heat off about five minutes before the cooking time is up, allowing you to save energy by cooking food with residual heat. Read more

by Maggie Chandler Maggie Chandler No Comments

Featuring Harbour Green II on Coal Harbour’s Waterfront

Harbour Green II at 1139 West Cordova, is the second of three Harbour Green waterfront condo buildings in Vancouver’s prestigious Coal Harbour neighbourhood.

Due for completion shortly, Hillsboro Investments Ltd are the owners of the 3 Harbour Green condo buildings. You can pre-register for Harbour Green 3  Ledcor is the builder and James K. M. Cheng Architect Inc. and BBA Consultants designed it. The building is 32 storeys high with 3 levels of underground parking featuring 66 suites and 9 townhomes.

There are two suites per floor running north to south the ’01’ suites are 3 bedrooms 3600 sq.ft. on the west side of the building and the ’02’ suites are 2 bedrooms 2400 sq.ft. Read more

by Maggie Chandler Maggie Chandler No Comments

CMHC’s Current Predictions for Vancouver’s Real Estate Market

Metro Vancouver’s housing market moderates in 2008 and 2009 , says the current release by Canada Mortgage & Housing Corporation.

Strong economic and demographic fundamentals, steady job growth and population growth, along with continuing low mortgage rates – will support demand for new and resale housing.  However, softening consumer sentiment and high mortgage carrying costs will temper the effects of these positive factors, dampening home buyer demand.

New home construction and MLS®1 sales will dip slightly, but stay high from a historical perspective for the remainder of this year and through 2009. Home prices will rise, but at a slower pace than in the past few years, as an increasing supply of both new and existing homes for sale give buyers more choice and more time to make their purchasing decision. Read more

by Maggie Chandler Maggie Chandler No Comments

Downtown Vancouver Latest Pre-Sale Condo Project

Vancouver’s Downtown has a new pre-sale on Richards

I drove by a couple of days ago and the sign is up! 1000 block Richards, where the Richards on Richards nightclub was for decades and the infamous Madam Cleo’s massage parlour is going to be a condo project with suites priced from $399,000.  Does that transalate to one bedrooms 500 sq.ft., if the cost is $800 pr sq ft or higher? Fill out my contact form if you’re interested in purchasing.

The Aqualini Group own the land. Remember my recent post on this site? Some of us thought they should call the new building Cleo’s! What do you think they should call it? Roqandroll ….

There aren’t many site left for the deveopers Downtown Vancouver. What would you like to see built here? What suite size? What special amenities could the building have? Pre-viewing will commence in June. No doubt completion will be after 2010.

Did you know you can search for Downtown condos on this site?

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by Maggie Chandler Maggie Chandler No Comments

Latent vs. Patent Defects and Property Inspections

The BC Supreme Court case of Cardwell v. Perlien provides an interesting overview of the current state of the doctrine of caveat emptor (“let the buyer beware”)

The distinction between latent and patent defects is important, because sellers are obligated to disclose material latent defects that they are aware of, but buyers are expected to discover patent defects on their own. Patent defects are described as those that can be discovered by conducting a reasonable inspection and making pertinent inquiries about the property.

Significantly, however, the judge goes on to say that a “defect which might not be observable on a casual inspection may nonetheless be patent if it would have been discoverable by a qualified person…In some cases, it necessitates a purchaser retaining the appropriate experts to inspect the property…” Read more

by Maggie Chandler Maggie Chandler No Comments

Featuring Coal Harbour’s 1650 Bayshore Drive, Vancouver

Coal Harbour’s 1650 Bayshore Drive is in Vancouver’s most prestigous waterfront neighbourhood, Coal Harbour

The building was built in 2003.  1650 Bayshore Drive is a 19 storey building offering 67 view suites, with 4 per floor, plus 1 two storey and 8 three storey townhomes with patios and gardens. 2/5/10 year guarantee from Landor Guarantee. The was the sixth of seven Bayshore Drive buildings.

Amenities – gym, sauna and swirlpool

Services – 24 hour concierge/security service and a full building monitered video surveillance. Secured underground parking with gated, controlled acess. Pre-wired for interactive security system, locked bycycle area, generous sized storage room. Read more

by Maggie Chandler Maggie Chandler No Comments

EAT! Vancouver

EAT! Vancouver runs from May 23-25 at BC Place Stadium.

Don”t miss this super food event featuring cooking demonstrations, chef cook-offs, the best of wines and beers and kitchen items on display. Best of all you get to taste glorious food and then to visit the Wellness Pavillion.

Don’t miss this event! View my other Vancouver event posts

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by Maggie Chandler Maggie Chandler No Comments

Vancouver’s Downtown Market Analysis April 2008

Vancouver’s Downtown neighbourhood 

Listings  630 –  350 listed under $500,000 and 235 listed between $500,000 and $1 million. 44 listed over $1 million and 1 listed over 4 million

135 with price reductions are 15 with price increases

Sales 114  19 had price reductions. 85 sold under $500,000. 27 sold between $500,000 and $1M and  2 sold over $1 million. The least expensive was $282,000. The most expensive was $1,400,000.

Expired (those that did not sell) – 35. This is a new category that I’ve added, as the listings increase  the numbers in this category will grow. It will reflect the sellers who are not motivated and do not price their suites at current market value. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver’s West End Market Analysis for April 2008

Vancouver’s West End is well supplied with listings. The market under $500,000 is by far the most active. 

Listings  232 – a whopping 60 have had their list price reduced.  135 are listed under $500,000 and 57 are listed between $500,000 and $1 million and 28 are listed between $1 and $2 million, leaving 7 over $2 million. The most expensive is $5,775,000

Sales 38 – 10 had List Price reductions.  26 sold under $500,000 and the remainder sold under $901,000. The least expensive West End condo to sell in April was $262,000. Read more

by Maggie Chandler Maggie Chandler No Comments

Best Priced West End 2 Bedroom Condo Under $650,000 Just Listed

1703-1010 Burnaby in Vancouver’s West End boasts views of English Bay and the mountains and is priced to sell.

You’ll love coming home to the Ellington and playing the ivories on its grand piano in the social lounge, then having a swim or soaking in the hot-tub, working out in the gym and having a game of billiards before dining on your 80 sq.ft. deck and enjoying the sunsets over English Bay.

This north west corner 1000 sq.ft. suite has new carpets,  floor to ceiling windows and 9 ft ceilings plus an eating area in the kitchen, a utility room, soaker tub and 2 parking stalls.

The Ellington was built by Cressey in 1988 (before there was a Downtown Vancouver condo neighbourhood!). This is the original owner. The building was recently replumbed, updated the common areas and fobbed for security. It is in top condition and has  a live in caretaker. Pets are welcomed. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver’s Kitsilano Market Analysis April 2008

Listings 130 – 28 had price reductions and 2 had price increases. 75 listed under $500,000 and  52 listed between $500,000 and a million and 3 listed over $1 million. The least expensive $245,000 and the most expensive $3,200,000

Sales 42 – 6 had list price reductions and 1 had a list price increase. 28 sold under $500,000. 13 sold between $500,000 and $1 million and 1 sold over a million.

Days on the Market 28. Average price $484,815 .  3  months supply. Average $ pr sq ft $617. Average selling price to list price ratio: 99%

2008 SALES – Jan 26 , Feb  44  , Mar 20 , Apr 42

Reflections – under 3 months supply in the condos under $500,000. Just over 4 months supply in the $500,000 to million dollar range and 3 months supply over a million dollars. Kits remains a tight market under $1 million dollars and the most undersupplied of the vancouver west side condo markets. Listings and sales are up.

HAPPENINGS – preselling: Lumen, Mantra,  Camera, Pulse, Pure, Kore, Locarno

Recently completed: Black Swan (suites still available)

View last month’s stats for Kits

Did you know you can search for Kits properties on this site? If you are wishing to buy or sell a Kits condo, please fill out my Contact Form.

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by Maggie Chandler Maggie Chandler No Comments

Wordless Wednesdays

She towers above all. Wonder what it’s like being the crane operator on the 60th floor?

On schedule for completion Fall 2008.

when it’s time to buy or sell your Vancouver condo, talk to Maggie

by Maggie Chandler Maggie Chandler No Comments

Vancouver’s Coal Harbour Market Analysis April 2008

Listings 176 – 38 with price reductions and 1 with a price increase. Only 30 listed under $500,000 and  53 between $500,000 and $1 million. 61 listed between $1 and $2 million and 29 listed over $2 million, of those 5 are over $5 million.

The least expensive Coal Harbour suite is $ 329,000 for a studio and the least expensive 2 bedroom is $ 549,000. The most expensive remains the Shaw Tower at $19,000,000.

Sales 26 – 9 had list price reduced and 2 sold at list price. 11 sold under $500,000. 10 sold between $500,000 and $1 million and 5 sold over $1 million. The least expensive was $359,000 and the most expensive ws $2,200,000. Read more

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