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Month: February 2009

by Maggie Chandler Maggie Chandler No Comments

Community Statistics for Vancouver’s Downtown

The last census was in 2006 and it found that the population of Vancouver’s Downtown was 43,000, up 55% from 5 years ago. The information in this post is published on City of Vancouver’s website Community Webpages

Vancouver’s Downtown consists of 375 hectares and the largest age group is 20-39, followed by 40-64. 56% of them speak English as their mother tongue. In Vancouver 49% of the residents speak English as their mother tongue. A whopping 73% of them moved since the last census. Median household income is $44,000.

 Read the all the stats here.

False Creek North is located on the former EXPO 86 site, on the north shore of False Creek, development of this 83-hectare (204-acre) site will include 8,500 residential units housing for more than 14,000 people, 2.6 million square feet of commercial space, social housing, parks, schools, community facilities, and a waterfront walkway and bicycle route.

Yaletown  Once the city’s warehouse district, Yaletown is today a revitalized part of the city and a “trendy” place to live, work, and do business. The area north of Pacific Boulevard, between Nelson and Drake Streets, is home to a mix of art galleries, retail stores, restaurants, office and residential developments. Read more

by Maggie Chandler Maggie Chandler No Comments

Featuring Flagship at Coopers Landing, Downtown Vancouver

Coopers Landing is Vancouver’s newest waterfront neighbourhood, east of Cambie Street Bridge and on the north side of False Creek. Flagship is this neighbourhood’s premier building. View my Coopers Park website

Address:  8 Smithe Mews, Vancouver, BC , V6B OA5

Developer – Concord Pacific.  Completion February 2009 

The Building is 28 storeys and consists of 115 suites.

The Architect Architect – Hudson Baaker Boniface Haden & IBI/HB. Interior Design– Ledingham Design 

The Floorplans  the ’06’ faces north and is 1055 sq.ft. l bedroom & den. The ’05’is a 1232 sq.ft. 2 bedrooms facing n.w. The ’03’ is 2 bedroom 1238 sq.ft. facing west. The ’02’ is 1418 sq.ft. 2 bedroom facing s.w. and the ’01’ is 1315 sq.ft. 3 bedrooms facing s.e.

Finishings –  “high end” finishings including Miele, Viking & Sub Zero appliance package, marble or quartz countertops, engineered hardwood floors, luxurious 5 piece ensuite with unique “slump glass”, one piece countertop ensuite storage Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Best Buy in Kitsilano

2020 w. 12th is a new project. You can save 25% if you are one of the next 8 buyers prior to March 17th.

 

You are one of the first to hear about Kitsilano’s best housing value. 2020, is a collection of 33 exclusive residences with a fresh perspective on contemporary living in Kitsilano. Homes now are now offered at up to 25% off from original sale prices! Read more

by Maggie Chandler Maggie Chandler No Comments

Historic Gastown Heritage Conversion

Just Listed:  an exceptional opportunity to own a home in a brand new conversion in Downtown Vancouver’s Gastown. Priced to sell.

TERMINUS at 36 Water St in historic Gastown is a heritage conversion.   This 1 bedroom/1 bath home features sleek contemporary interiors and integrated kitchens with Bosch appliances, European front  loading washer & dryer, and Phillppe Starck linear bathroom.

Unique to this suite is a raised living room, bay window and wood cabinetry. Strand hardwood flooring, geothermal heating and air conditioning complement the upscale interior.  1 underground parking stall comes with the unit.  Maintenance fees include caretaker, gardening, garbage, heat, and hot water. Read more

by Maggie Chandler Maggie Chandler No Comments

Wordless Wednesdays

View Vancouver’s False Creek North before the Expo ’86 lands were developed into a luxury waterfront neighbourhood

Click here and when the picture opens up, click on 1978 to view Vancouver’s False Creek North (former Expo ’86 lands) in 1978 when it was industrial land. Then click on 2003 and it transforms before your eyes.

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when you’re ready to buy or sell False Creek North or Vancouver real estate, contact Maggie, an experienced realtor marketing Vancouver homes since 1981

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Best Buy

There is no better way to know what’s for sale in the Vancouver real estate market than to work with a qualified buyer. I had the pleasure of such a buyer on the weekend, up from California to purchase an investment condo downtown, under $400,000.

The best buy I saw was a 2 bedroom, 2 bathroom condo with wood floors in Tinseltown at 550 Taylor, listed at $398,000 for 789 sq.ft. on 22nd floor with fabulous mountain and water views looking north. The building has a gym and the suite has underground parking and a locker. Taylor is 4 years old. Rentals welcomed! Rent would be $1700-1800 pr month.

This neighbourhood is about to change with the completion of the Woodwards building, which will have a supermarket and London Drugs.

contact Maggie for more information or to view this Best Buy!

this site is updated regularly, subscribe via RSS or email. when you’re ready to take advantage of Vancouver’s lower prices and lower interest rates, call Maggie Chandler, an experienced realtor marketing Vancouver homes since 1981

by Maggie Chandler Maggie Chandler No Comments

Is Now a Good Time for Investors to Buy Vancouver Real Estate?

This was published in the Vancouver Sun on Feb 18th.

With home sales – and prices – dropping in B.C., is now a good time to invest in real estate?The B.C. Real Estate Association says it just might be, pointing to a large drop in carrying costs for an investment property today compared to a year ago.

“It doesn’t matter what the market is doing, I don’t say whether or not it’s a good time to buy,” association chief economist Cameron Muir said in an interview on Monday. “That being said, I would suspect investors are actively looking in the marketplace for bargains.  If you compare today versus a year ago, investing in real estate is more attractive than it was then.”

Muir made the comment after the release of an association housing survey monday that concluded the residential sales dollar volume on B.C.’s Multiple Listing Service declined 61 per cent to $837 million in January, compared to the same month in 2008 when sales totalled $2.25 billion. In the Metro Vancouver region, the sales volume was down 62 per cent over the same period, to $414 million from $1.09 billion in January 2008.

Muir – who said he also believes sales activity in the province will pick up in the spring because of improving affordability resulting from lower mortgage rates and home prices – cited a typical mortgage pyament for a property in January 2009 compared to January 2008. Read more

by Maggie Chandler Maggie Chandler No Comments

Residential Developers see the return of more normal Market Conditions in 2009

Peter Mitham of BIV reports that many residential developers in BC are anticipating market conditions closer to the historical norm in 2009.

Previously slated for Dwell, a 48 unit condo development at Quebec and West Broadway, the site could soon be home to approximately 50 rental units, said Rize president Will Lin. Lin says that a drop in construction costs in recent months makes multi-family rental projects a better bet now than in the past.  He believes there are opportunities. “I think we’re in a sit and watch mode, for everybody but eventually , when we finish watching, it’s time to take some action and start building again.”

Jameson Development Corp continues to assemble financing to resume work on its Jameson House project at 838 West Hastings. Read more

by Maggie Chandler Maggie Chandler No Comments

Decor Trends for 2009

Whether you’ve got money to spend or a budget to keep, we’ve got the scoop on the must-have decor trends for 2009.

Trends may come and trends may go, but let’s face it: tossing the latest colour, fabric, pattern or material into your decor feels good. What’s not so good is the price tag that can come with being “in.”

Colour is the easiest way to integrate the latest trends,” says Steve Suraci, principal of Icarus Designs. “Change your wall colour, add an accent wall of wallpaper, use more trendy accent pillows on neutral sofas. Even just adding a splash of colour with some easy, inexpensive accessories gives a great new look without blowing your budget.”

Go grey or go bold – Understated and vibrant are the colour palette for 2009. “I was just in London for Decorex — the London Design Show — and I witnessed two trends: the bleached-out Belgian look of driftwood colours, pale wood veneers with grey undertones, pale silk carpets, natural linens, pale natural leathers and taupe velvets,” says Tim Mather, owner and senior designer of TM Design. “And strong colour; Hermès orange, turquoise blue, lilacs and strong purples, Schiaparelli hot pink tempered with either chocolate brown, greys or taupes.” Read more

by Maggie Chandler Maggie Chandler No Comments

Canada Real Estate Roundup

Take a look at what’s happening in the Canada real estate market.  Compared to one year ago, Real Estate prices in the big cities of Toronto, Vancouver, Calgary and Edmonton are down, Montreal prices are flat, but the Maritime Provinces, Ottawa and Winnipeg’s prices are up. The following is a release by CREA, you can hold your mouse over a specific city and view the current average price and the average price one year ago.

 The number of properties sold via the MLS® systems of real estate boards in Canada edged down further in January 2009. Seasonally adjusted residential MLS® sales activity numbered 26,376 units in January 2009. This is 3.1 per cent below activity in December 2008, and a decline of 37.3 per cent in activity compared to January 2008.Monthly percentage declines in seasonally adjusted activity in January 2009 were on par with those in December 2008 (-2.4 per cent month-over-month), and moderate by comparison to October (-14.9 per cent) and November 2008 (-11.8 per cent).Monthly declines in seasonally adjusted sales activity in British Columbia and Ontario pulled national activity statistics lower, and offset monthly increases in MLS® residential sales activity in Manitoba, and Newfoundland & Labrador.Actual MLS® resale housing activity totaled 16,343 sales nationally in January 2009, down 40.9 per cent on a year-over-year basis. Only Prince Edward Island recorded an increase in residential units sold, up two per cent compared to January 2008.

The supply of homes for sale remains high, but is trending lower nationally. The decline in new MLS® listings is trending lower in line with sales activity in many regions. Seasonally adjusted new MLS® residential listings numbered 69,875 units in January 2009. This is down three per cent from the previous month, and 13 per cent below the peak reached in May of last year. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis for False Creek North, January 2009

fcn jan 09

Vancouver real estate analysis for False Creek North in January 2009 saw listings up from 229  in December 2008 to 258.   Sales more than doubled from December. Days on the market down from  61 to 53. The average selling price dropped from $947,259 to $624,000.  The average supply of condos in this waterfront hood dropped from 38 months to 17.  This neighbourhood is least supplied under $500,000 which had the most number of sales.

Listings – 258. 50 listings in False Creek North under $500,000. 117 listed between $500,000 and $1M.  51 listed between $1 and $2 million. Least expensive $298,00 for a l bedroom at 888 Pacific which is 598 sq.ft. (under $500 pr sq ft.). This sold new in 1994 for $166,000. Most expensive The 6900 sq.ft. Penthouse at 1000 Beach, which was originally listed in 2007 for $18 million. Now listed at $9,800,000.

2008 Listings – Feb 153, Mar 174, May 202, Jun 210,  Jul 237, Aug 256, Sept 257, Oct 250, Nov 246, Dec 229

2009 Listings – Jan 258

13 listed under $400,000. 36 condos listed between $400,000 and $500,000. 129 listings between $500,000 and $1 million. 66 listed between $1 and $2 million and 15 listings over $2 million Read more

by Maggie Chandler Maggie Chandler No Comments

Is Vancouver’s Real Estate Market Changing?

Real Estate Board of Greater Vancouver’s President Dave Watt reports that there’s been an average of 38 sales per day for Greater Vancouver during Janury.

February is averaging 77 sales per day. February is typically a better month for sales than January.

There are amazing deals out there! I am seeing condos selling at 2005 prices. Flagship, in Coopers Park, just completed and has condos listed at less than what the owners paid for them as a pre-sale price (2006). Conact Maggie if you’d like a list of these suites. View my buyer services on this site’s homepage

I’ve also observed Coal Harbour waterfront condos that were listed at $1800 pr sq ft last summer now listed at $1100 pr sq ft.

From my personal observation I have noticed a definite increase in activity from buyers in the last month and if the property is priced sharply it is selling. We expect an increase in number of sales but not in prices, as we move into spring.

The above picture is taken from the 20th floor 2 bedroom (1030 sq.ft) at 455 Beach, Park West. Amazing views from every room! Listed at $749,000. Seller paid $400,000 as a pre-sale in 2003.  Contact Maggie if you’d like to purchase 2 bedroom view condos in False Creek North and view my monthly stats for this n’hood.

 view my other Downtown posts. search for listings on this site.

this site is updated regularly, subscribe via RSS or email. the above information is deemed to be correct but should not be relied upon but verified by the individual

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis for Downtown January 2008

Vancouver’s Downtown condo market saw listings flat in January compared to December.  78 condos expired and came off the market. Sales up substantially from 32 to 52. Average days on the market for condos that sold dropped  from 78 to 56  The average price for Downtown condos that sold was down slightly from$424,715 to $413,171.  The average $ pr sq ft for condos that sold decreased from $553 to 547.  About 60%  of the sales were under $400,000 and there were more sales over $500,000 than there has been in past months.   Downtown Vancouver has a 10 month supply of condos and the supply is decreasing. Best selling price range is under $400,000.  January sales were not the lowest for that month for the millennium.  Market levelling?

Listings -547. Lease expensive $149,000 for a studio under 384 sq.ft. ($388 pr sq ft). Most expensive –$3.8 million for 3800 sq-ft at 283 Davie

Listings Inventory – 56 listings Downtown under $300,000. 167 between $300K and $400K.  122 listings between $400K and $500K. 78 condos listed between $500K and $600K  and 124 listed over $600,000.

Supply – 6 months supply for condos under $300,000 (down from 11 months in December).   7 months of inventory for Vancouver Downtown condos listed between $300,000 and $400,000. 12 months supply for condos listed between $400K and $500K . 11 months supply between $500K and $600K and 41 months supply for condos listed over $600,000 Read more

by Maggie Chandler Maggie Chandler No Comments

BC Home and Garden Show

The BC Home and Garden Show is a favourite annual Vancouver Event. Held at BC Place Stadium and runs from February 18-22, 2009.

Book tickets online and save.

Learn about renovations, gardens, tips and trends, enter a contest,  Ty Pennington will not be appearing this year but is the spokesperson.

View the schedule here.

this site is updated regularly, subscribe via RSS or email

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis for West End January 2009

we jan 09

Vancouver real estate in the West End saw increased optimism in the New Year with listings  up slightly from 242 in December to 253 in January 2009, having reached a record high for the year in November.  Sales were up from 21 to 26, having reached a  record low for the year in November.  The days on the market for condos that sold was up from  53 to 69. The average selling price increased from  $407,357 to $447,226 and is a 25% drop since January 2008.  Half the sales were under $400,00 and the highest price was $1,388,000.  The list price to sale price ratio increased 1%, meaning sellers discounted their list price less than they did in December.   The West End has 9.7 months of  inventory on the market, down from 11 months in December.  The average $ pr sq ft for those West End condos that sold increased from $512 to $528. Currently 31 listings under $300,000.  The market under $300,000 and between $400,000 and $500,000 has the most demand.

Listings – 253

Least expensive – $195,000 for a concrete building, 99 year leasehold, 430 sq.ft.  Lease expensive strata l bedroom $218,000. Least expensive strata 2 bedroom is $347,000 with most of them begnning at $410,000. There were better deals under $200,000 in Novemeber/December. Most expensive $4,385,000 for 2694 sq.ft. in the Shangri-la.

4 West End condos listed under $200,000.  25 listed between $200,000 and $300,000. 75 listed between $300,000 and $400,000.  43  listed between $400,000 and $500,000.   25 listed between $500,000 & $600,000. 20 listed between $600K & $800K and 61 listings from $800K to $4,385,000.

2008 Listings – Jan  168, Feb 172 ,  Apr 232 , May  241 , June 235, July 235, Aug 246, Sept 257, Oct 268, Nov 281, Dec 242

2009 Listings – Jan 253

2008 Sales – Jan 57, Feb 53, Mar 42, Apr 45, May 38, June 29, Jul 25, Aug 25, Sept 29, Oct 16, Nov 15, Dec 21

2009 Sales – Jan 26

Two sold under $200,000.  7 sold between $200,000 and $300,000. 4 sold between $300,000 and $400,000.  7 sold between $400,000 and $500,000. and 2 between $500K and $600K. 2 sold between $600K and $800K and 2 sold between $1M and $1.5M. 40% had a list price reduction. 4 sales were at the Shangri-la (REBGV categories 1111 Alberni as the West End)

Supply – 3 1/2 months supply under $300K.  18 months between $300,000 and $400,000.  6 months between $400K & $500K.  12 months between $500K and $600K.  10 months between $600K & $800K . 30 months supply for West End condos listed over $800,000 and no market at present over $1.5M in Vancouver’s West End.

Least expensive –  a 500 sq.ft. one bedroom for $162,000, $270 pr sq ft…unbelievable value!  An all tme low for current sales. The stats show that we last saw this price in this building was summer of 2004!!! Surely this market has bottom?

Most expensive – $1,388,000 for 1600sq-ft in the Shangri-la.  Just over $800 pr sq ft. Purchased as a pre-sale for $1M.

2008 Average Days on Market – July 51, Aug 57, Sept 65, Oct 45, Nov 48, Dec 53

2009 Average Dasy on Market – Jan 69

2008 Average Sale Price – Jan $592,298. Aug $392,000 Sept $447,834, Oct $370,468, Nov $375,433, Dec $407,357

2009 Average Sale Price – Jan $447,226

In Dec’07 the average sale price was $541,000 in  Dec’05 it was $333,000. In Dec ‘06 it was $414,000.

2008 Average Selling Price $ pr sq ft – Dec $512, Nov $478,  Oct $505 Sept $526, Jul $556, Jun $553, May $544

2009 Average Selling Price $ pr sq ft – Jan $528

2008 List Price to Sale Price Ratio – Dec 93% ,Nov 93% , Oct 95%

2009 List Price to Sale Price Ratio – Jan 94%

When you’re ready to buy or sell West End or Vancouver real estate, contact Maggie, an experienced realtor, marketing Vancouver homes since 1981

Did you know you can search for listings on this site?

this site is updated regularly, subscribe via RSS or email FOR FREE. the above information is deemed to be correct but should not be relied upon without verification

by Maggie Chandler Maggie Chandler No Comments

British Columbia’s Home Inspectors To Be Licensed

The British Columbia Real Estate Association (BCREA) is pleased with the BC Government’s recent announcement to license home inspectors, effective March 31, 2009.

“As a REALTOR®, I know it’s important for my clients to have the best property information possible,” said BCREA President Scott Veitch. “An independent inspection is a great starting point for consumers to learn about property conditions.”

Since 1998, the Association has recommended the government license home inspectors. Now, BCREA looks forward to the development of meaningful standards to ensure consumers receive adequate protection.   

“Solid information helps consumers have confidence in their home buying decisions,” added Veitch. “And confidence and protection are necessary for the excellent quality of life we enjoy in British Columbia.” Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis for Coal Harbour January 2008

ch jan 09

Vancouver’s Coal Harbour statistics for January show listings up from from 201 to 220.   Sales up to 8, from 6 in December.   Days on market dropped a bit to 70, from 75 in December.  Average selling price $785,687 for condos that sold.   Coal Harbour has 27 months of supply on the market.  Number of  listings back to early summer levels .   The average sale price in Vancouver’s Coal Harbour  has trended lower since September.

Listings – 220.  45% are listed over $1M.

Least expensive $268,000 for a studio ($638 pr sq ft).  Lease expensive 2 bedroom $509,000 for 800 sq.ft.

Most expensive $16,800,000 for the Shaw Tower Penthouse ($2248 pr sq ft). The $12,000,000 for the Melville Penthouse ($2100 pr sq ft).  Over 2500 sq.ft. condo at One Harbour Green for $7,185,000, includes 3700 sqft of outdoor space ($2800 pr sq ft). Three Harbour Green is now pre-selling, n.e. corner on 19th floor $5,400,000 for 2600 sq.ft.

2008 Listings –Jan 128,Feb 149, Mar 179, Apr 176, May 175, June 192, July 220, Aug 212, Sept 245, Oct 246, Nov 247, Dec 201

2009 Listings – Jan 220

Sales – 6. Two sold under $500,000. 4 sold just between$500,000 and $1M.  2 Coal Harbour condos sold between $1M and $2M. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis for Kitsilano January 2009

kits jan 09

Vancouver real estate market analysis for Kitsilano condos saw sales for the month of January flat. Listings down from 117 in December to 104.  Average price for sold condos flat at $440,000 (almost equal to July 2007).  Average Days on the market for sold condos flat at  44.  January saw a bottom end market with 9 of the 11 sales under $500,000 in this hood. Kits condo supply down from 10 months to 9 (versus 4 months in January).  No market for Kits condos over $600,000. Market levelling.

Listings  -104. 6 listed under $300,000. 37 listed between $300,000 and $400,000. 25 listed between $400,000 and $500,000. 21 listings between $500,000 and $600,000 and 15 listed over $600,000. Least expensive $272,000 for 670 sq.ft. l bedroom.

2008 Listings –Dec  117 , Nov 171,  Oct  187, Sept 184, Aug 166, July 159, Jun 157, May 145, Apr 130

2009 Listings – Jan 104

Sales -11. Three sold under $400,000. 6 sold between $400,000 and $500,000 , one over $500K and one over $600K. Least expensive $315,000 for 740 sq ft one bedroom which sold for $194,000 in spring 2003. Least expensive 2 bedroom $410,000 for 870 sq.ft. Most expensive $635,000 for 1076 sq.ft. in Arbutus Walk, this condo last sold for $620,000 in spring 2006 and sold new in 2004 for $459,000.

2008 Sales – Jan 26, Feb 44 , Mar 20, Apr 42, May 45, June 35, July 38, August 25, Sept 24, Oct 15 , Nov 12, Dec 12

2009 Sales – Jan 11

2008 Average Days on the market  – January 27, February 18, March 18.  April 28, May 28, June 28, July 43, August 37, Sept 32, Oct 36, Nov 44, Dec 68

2009 Average Days on the market – Jan 68

2008 Average Sale Price –  Jan $449,600, Feb $486,260 Mar $451,000, Apr $ 476,452, May $492,063, Jun $ 398,350, Jul $439,663 , Aug 416,240, Sept $408,159, Oct $427,850, Nov $408,250, Dec $440,000

2009 Average Sale Price – Jan $440,400

2008 Average Selling Price pr sq ft  – Dec $498  , Nov $511 , Oct $518, Sept $555

2009 Average Selling Price pr sq ft – Jan $498

Sale price to list price ratio – Dec 95%, Nov  95%, Oct 96%, Sept 97%

Jan’09 – 95%

Viewmy other posts for Kitsilano or search for Kitsilano listings.  When you’re ready to buy or sell Kitsilano or Vancouver real estate, contact Maggie, an experienced agent marketing Vancouver real estate since 1981.

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