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Month: March 2009

by Maggie Chandler Maggie Chandler No Comments

Kitsilano’s Best Buy!

Just Listed! Capers Building at 1978 Vine Street, Vancouver, BC

485 sq.ft. studio on the 2nd floor on the s.w. corner, includes parking and locker. Quality built concrete building in 1992 the capers building was ahead of its time and offers rainscree and energy efficient features including eco-friendly geothermal heating of hot water, garbage compacting and water filtration system. This studio featues insuite laundry and a gas fireplace. Live in or rent out!  Pet friendly building. $269,900

Call for a showing before it’s on MLS . Contact Maggie

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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by Maggie Chandler Maggie Chandler No Comments

What $5 Million Cdn Buys In Vancouver Real Estate

Vancouver saw only three condo sales over $5 million last year.

The front of Escala, on Coal Harbour’s waterfront, on 19th floor, 3488 sq.ft. sold for $5,258,00 in the Fall.

In Yaletown’s Columbus, on 25th floor, a 3 storey condo over 6000 sqft sold for $6,500,00.

In Coal Harbour’s Shaw Tower, on 28th floor,  4000 sq.ft. sold for $6,300,000.

In 2007 there were 7 condo sales in Vancouver over $4 million. Most expensive was  at Kings Landing, 1670 sq.ft. for $4.4 million.

No townhomes sold in this price range in 2008. Read more

by Maggie Chandler Maggie Chandler No Comments

L’Hermitage in Downtown Vancouver

Currently there is a Developer blowout with prices from $525 pr sq ft for new condos, net GST 

Address: 788 Richards Street, Vancouver, BC, V6B 3A4

Developer – Milllennium Water

Architect – Gomberoff bell Lyon and Lawrence Doyle Architects

Storeys – 31 with 204 suites The 12-25 floors featuring one bedrooms 615,623 and 643 sq.ft. The 1 bedroom and dens are 691 sq.ft.. 859sq.ft. and 921 sq.ft. 2 bedrooms and 1054 sq.ft. 2 bedrooms and den. The 26 to 29th floors  feature 1238, 1300,1350 and 1514 sq.ft. 2 bedrooms and den. Above that are sub-penthouses and a Penthouse. The higher views offer great views of the mountains and water facing north.

The Complex – an exclusive boutique hotel, an all suite design for those seeking the latest in modern luxury and comfort within a cosmopolitan setting. Situated on Robson and Richards, at the centre of Downtown Vancouver living, with the advantage of the services of the hotel.  Steps to the Vancouver Library, shops, theatres and a short walk to the waterfront. Read more

by Maggie Chandler Maggie Chandler No Comments

The Parks of Kitsilano

The Vancouver Parks Board lists 16 parks in Kitsilano. This wonderful neighbourhood possibly has the most parks in the City, except for Downtown.

Do you know who Almond Park was named after? Named for Alderman Henry Elston Almond, Almond Park exudes a feeling of tranquility. The park offers a fantastic display of flowering shrubs and magnificent old trees. An upper pathway winds through a shady grove, leading to the popular playground area. It opened in 1928.

And what about Kits Beach Park? This area was originally known as Greer’s Beach, named for the pioneer who unsuccessfully challenged the Canadian Pacific Railway (CPR) take over of his homestead here in the 1890s. Later, private citizens raised the money to purchase the beach front land back from the CPR while the Park Board leased additional lots to create this popular park.

Kitsilano Pool, Vancouver’s largest draw and fill salt water pool was opened at the water’s edge in 1936 and became an instant success. It was replaced in 1979 by an ocean side tank (about 150 meters at its outer most edge) which sports salt water and is heated. This is the park where old Engine #374, that in 1886 pulled the first transcontinental CPR train into Vancouver, resided for many decades on a piece of track on an old CPR right-of-way. The Engine was lovingly restored by train buffs in time for EXPO ’86. The train now resides in a plexi-glass pavilion adjacent to the Roundhouse Community Centre.

Here are a list of Kits Parks – Almond Park, Arbutus Greenway Park, Connaught, Delamont, Hadden, Kits Beach, Margaret Pigott, McBride, Pt. Grey @ Stephens, Pt. Grey @ Stephens, Pt. Grey @ Trutch, Rosemary Brown, Seaforth Peace, Tatlow, Vanier and Volunteer. Read about them here. Do you know the history behind these historical individuals?

Have a favourite Kits Park or perhaps you’re endeared to one because of its history?

Share your park story with us. Which is your favourite and why?

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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

1680 Bayshore Drive, Coal Harbour, Vancouver

1680 Bayshore Drive is one of seven Bayshore Gardens condo buldings and was the fifth one to be built.

Address – 1680 Bayshore Drive, Vancouver, BC, V6G 3H6

Built – 2003

Levels – 22 with 92 condos

Floorplans – ’01’ is 1022 sqft s.e. corner 2 bedroom. the ’02’ is 1015 sq.ft. 2 bedroom s.w. corner. The ’03’ is west facing 1132 sq.ft. 2 bedroom. The ’04’ is n.w. corner 1222 sq.ft. 2 bedroom. The Penthouse sits on the 22nd floor and is 3500 sq.ft., with 3 parking stalls

Finishings – Air-conditioned, hardwood floors, granite, Bosch appliances, marble. Gas fireplace.

Interior Designer – Mitchell Freedland Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Statistics for Olympic Village February 2009

ov feb 09

Real Estate Board of Greater Vancouver categories the Olympic Village neighbourhood as Mount Pleasant West. We choose to call it The Olympic Village and it sits on the south east side of False Creek, south of Science World and east of the Cambie Street Bridge.

It is a new residential neighbourhood and most of the condo buildings are currently under construction and are pre-sales and won’t be listed on MLS but we thought we’d start to track the statistics in this lovely waterfront neighbourhood anyway.

The Skytrain station on 2nd and Cambie which goes to the Vancouver International Airport and under the water to Downtown Vancouver will be opening this summer. In addition, the Olympic Village will have a London Drugs store and if you live in the n’hood you’ll have the convenience of Save-On Foods, Best Buy, Winners and Canada Tire on Cambie Street. Read more

by Maggie Chandler Maggie Chandler No Comments

Homeowner Protection Office Launches a New Homes Registry

This article is by the Homeowner Protection Office. In its continuous efforts to increase consumer protection for homebuyers, the Homeowner Protection Office (HPO) has launched a free online New Homes Registry.

REALTORS® can use this new tool to help clients make more informed decisions when buying new homes. REALTORS®, homebuyers, lawyers, local governments and others can quickly check the licensing and home warranty status of a new home or a new home under construction. Find out whether the home has a policy of home warranty insurance and is built by a Licensed Residential Builder, or whether it’s built without home warranty insurance under an exemption, such as an Owner Builder Authorization. Both single detached homes and multi-unit homes, including duplexes, can be searched on the registry.


The New Homes Registry allows homebuyers to easily and conveniently search online for new homes or new homes under construction by using the civic address.   Obtain valuable information for your clients, such as the name and contact number of the warranty provider, the builder’s warranty number and whether an owner-built home can be legally offered for sale.
Homes suspected of being illegally built, along with the status of related compliance investigations, are also included on the registry. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis for Downtown, February 2009

dt feb 09

Vancouver’s Downtown condo market saw listings flat in February compared to January.  69 condos expired and came off the market (vs. 78 in Jan). Sales doubled from 52 to 90 and have tripled since December.  Average days on the market for condos that sold dropped  from  56 to 49. The average price for Downtown condos that sold was down slightly from $413,171 to $371,831. The average $ pr sq ft for condos that sold stable at $544 vs. $547 in Jan.  Two thirds  of the sales were under $400,000.   Downtown Vancouver has a 6 month supply of condos (vs.16 months in October). Best selling price range is under $400,000.   Market definitely improving.

Listings -548. Lease expensive $210,000 for a studio under 461 sq.ft. ($455 pr sq ft). Most expensive –$2.895 million for 1966 sq-ft at 1055 Homer

Listings Inventory – 55 listings Downtown under $300,000. 153 between $300K and $400K.  119 listings between $400K and $500K. 90 condos listed between $500K and $600K, 85  listed between $600,000 and $1M and 46 listings in false creek north over $1 million.

Supply – less than 3 months supply for condos under $300,000 (down from 11 months in December).   Less than 4 months of inventory for Vancouver Downtown condos listed between $300,000 and $400,000. 6 months supply for condos listed between $400K and $500K . 12 months supply between $500K and $600K and only one sale over $6000,000 Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis for False Creek North, Feb’09

fcn feb 09

Listings Down! Sales Up! Vancouver real estate analysis for False Creek North in Febuary(compared to January) saw listings down to 240 from 258.   Sales up from 15 to 18. Days on the market down from 53 to 41. The average selling price up from  $624,000 to $672,000.  Average $ psf is also up. The average supply of condos in this waterfront hood dropped from 17 months in January to 13 in February.  This neighbourhood is least supplied between $500,000 & $700,000 and this price range had the most number of sales. The market is stablizing and what’s selling is moving from bottom end to middle price range. This occurs as the first time buyers allow the first time sellers to move up.

Listings – 240. 50 listings in False Creek North under $500,000. 127 listed between $500,000 and $1M.  51 listed between $1 and $2 million. 12 sold over $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.  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, Feb 240

47 listed under $500,000. 44 condos listed between $500,000 and $700,000.  78 listings between $700,000 and $1 million. 62 listed between $1 and $2 million and 14 listings over $2 million Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver’s Shangri-la Condo – New Listing

JUST LISTED! An incredibly unique opportunity to own one of The Estates in Vancouver’s Shangri-la building at 1128 W. Georgia. This 2 level condo, 4476 sq.ft. 3 bedrooms and a den on the north east corner.  This condo is a wow! Must be seen. You won’t believe the view from the 53rd floor. It is one of only 8 suites currently on the market in Vancouver offering more than 4000 sq.ft. and one of only 3 suites like in the building. Read more

by Maggie Chandler Maggie Chandler No Comments

Featuring Cielo in Vancouver’s Coal Harbour

Situated one block back from the waterfront in Vancouver’s Coal Harbour and overlooking Harbour Green Park is Cielo,  which completed at the end of 2007. It boasts the convenience of Urban Fare on the ground floor.

The Address: 1205 West Hastings Street, Vancouver, BC V6E 4T7

The Developer – Delta Land Group, who also built Callisto and Carina on Coal Harbour’s waterfront.

Architect – Downs Archambault

Construction – concrete and steel frame

Stories – 31 with 135 suites and 4 townhomes. The 31st floor is a recreational area. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Market Analysis for West End February 2009

we feb 09

Vancouver real estate in the West End saw increased optimism in the New Year with listings  up slightly from 253 in January to 274 in February, having reached a record high for the year in November.  Sales were up from 26 to 34 having reached a  record low for the year in November.  The days on the market for condos that sold dropped from 69 to 44. The average selling price increased from $447,226 to $477,545 and has increased for 4 consecutive months. and is a 20% drop since January 2008.  75% of the sales were under $500,00 and the highest price was $2,480,000 in the Shangr-la. The list price to sale price ratio is flat.   The West End has 8 months of  inventory on the market, down from 9.7 months in  January.  The average $ pr sq ft for those West End condos that sold is stable at $525.  The market under $300,000 has the most demand. Read more

by Maggie Chandler Maggie Chandler No Comments

Party Like the Irish!

This is Vancouver’s 6th anniversary for Celtic celebrations at the Edgewater Casino from March 11th-15th. It  will bring visitors and locals together for some Celtic fun, featuring national and international artists

View other St. Patrick’s Day events in Vancouver

St. Patrick is the patron saint of Ireland, whose population is around 4 million and the shamrock is its floral emblem.  March 17th is the anniversary of the saint’s death in the 5th century. The Irish have observed this day as a religious holiday for thousands of years.

During the 10th century Ireland was invaded by the Vikings and in the 12th century Pope Adrian IV granted over-lordship of Ireland to King Henry II, igniting a conflict that lasted more than 800 years.

Some parts of Ireland get as much as 90 inches of rain a year, accounting for the brilliantly green grass that earned it is nickname “emerald isle”

“Erin go Bragh” Ireland Forever!

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by Maggie Chandler Maggie Chandler No Comments

Weathering the Economic Storm – Some Good News

With the continuous bad news about the rampant global financial crisis, it’s easy for a good news story to get lost in the sea of negativity. That’s what happened last month when two major publications – Newsweek and the New York Times, quietly reported on their back pages how Canada’s banking system and fiscal policies are helping it to weather the economic storm far better than other countries worldwide. We’re hoping this news makes it to the front page headlines here in Canada. It’s what we all need to hear more about.


 
Canada’s conservative banking system has proven resilient and “is finally getting its day in the sun,” according to the New York Times. Even President Barack Obama is an admirer, reportedly stating that Canada is “a pretty good manager of the financial system in the economy in ways we haven’t always been, here in the United States.”

 
In 2008, the World Economic Forum ranked Canada’s risk-averse banking system the soundest in the world. The U.S. banking system ranked 40th and Great Britain’s ranked 44th.   In Canada, we’re showing the rest of the world that smaller can be better. For real estate investors, this is a positive we want known.
Unlike other countries around the world, Canada’s five major chartered banks and our few regional banks have a significant amount of capital or equity in reserve to protect us. Canada’s federal banking regulator, the Office of the Superintendent of Financial Institutions, requires banks to hold seven per cent of their capital in reserve. This is our insurance policy against any potential losses. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis for Coal Harbour February 2009

ch jan 09

 Vancouver’s Coal Harbour statistics for February show listings dropped from 220 to 212 and are back to the level they were in June.  Sales up to 11, from 8 in January.   Days on market dropped to 47, from 70 in January.  Average selling price $1,013,590 for condos that sold.   Coal Harbour has 19 months of supply on the market, down substantially. The average sale price in Vancouver’s Coal Harbour  is up for the first time since June 2008.

Listings – 212.  60% are listed over $1M, up from 45% in January.

Least expensive $268,000 for a studio ($638 pr sq ft).  Least expensive 2 bedroom $499,000 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. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Graphs

avg feb 09

The above Greater Vancouver real estate graph shows the houses (top), townhomes (middle) and condos (bottom) average price from 1977 to present.  The Vancouver market peaked in 1981, 1990, 1995 and 2008. Vancouver condos didn’t appreciate much between 1990 and 2002 but they did between 2002 and 2008 and prices are back to where they were in 2006/2007.

Listings – in January there were a total of 920 west side new listings. In February there were 904. In February 2008 there were 1,074 new listings.  Total listings for January were 2941 versus 3030 for February.

Sales –  in January there were a total of 177 west side sales. In february there were 382. In February 2008 there were 603.

Average Price for Resale condos – down 23% over the last 12 months. Resale townhomes are down 10% and resale west side houses are down 25%.

When you’re ready to buy or sell  Vancouver real estate, contact Maggie, an experienced agent marketing Vancouver real estate since 1981. Subscribe via RSS or email.

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis for Kitsilano February 2009

kits feb 09

Vancouver real estate market analysis for Kitsilano condos saw sales more than double in February, compared to January. February saw the highest number of sales since July last year.  Listings flat at 107 from 104 in January. Average price for sold condos down to $417,000.  Average Days on the market for sold condos down to 38. List price to sale price ratio flat.  February saw a bottom end market with 23 of the 28 sales under $500,000 in this hood. Kits condo supply down from 9 months to 3.8 months. No market for Kits condos over $650,000. Market definitely levelling.

Listings  -107. 8 listed under $300,000. 35 listed between $300,000 and $400,000. 30 listed between $400,000 and $500,000. 20 listings between $500,000 and $600,000 and 14 listed over $600,000. Least expensive $244,000 for 453 sq.ft. studio 

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

2009 Listings – Jan 104, Feb 107

Sales -28. Three sold under $300,000. 10 sold between $300,000 and $400,000 , 10 sold between $400,000 and $500,000. Three sold between  $500K and  $600K and two sold over $600,000. Least expensive was $245,000 for 540 sq ft one bedroom ($453 pr sq ft) which sold for $230,000 in spring 2005. Least expensive 2 bedroom $360,000 for 870 sq.ft. Most expensive $631,000 for 1350 sq.ft.  This condo last sold for $380,000 in spring 2003. Read more

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