The May 31 topping-off ceremony at Four Seasons Hotel and Private Residences Toronto also celebrated the sale of the most expensive condominium sold in Canadian history. The $28-million penthouse was purchased by an international buyer.
The penthouse occupies the top floor of the 55-storey West Residence building and encompasses 9,038 sq. ft. of living space. The suite, with panoramic views of Toronto’s towering skyline, features 12-foot ceilings, a floor-to-ceiling glass galleria and four expansive corner terraces. Included in the price is a staff residence in the adjacent 26-storey East Residence building. The staff residence provides the owners with the convenience of separate, private quarters for household staff located on-site. Read more
Taking a look at Greater Vancouver residential sales this year versus last year , on a monthly basis, shows Feb and March this year had way more sales than Feb/March last year. Read more
Are you coming to Canada to work, invest, or start a business? Do you want to go to school or learn a language? Do you have family in Canada? Read more
B.C.’s natural resources are being gobbled up by foreign entities at a record pace. Increasingly, those entities are controlled by governments, such as China’s, that may have motives beyond mere profits.
Former B.C. Premier Bill Bennett said in 1979 that B.C. was not for sale. He made that famous declaration Read more
- Replace a wood fireplace with an EnerChoice natural gas fireplace and qualify for a $150 refund
- Get a rebate from BC Hydro for LED light strings, indoor clotheslines, water saving showerheads and more
- Have BC Hydro pick up your old fridge and give you $30 for it
- Get $100 rebate from the local unicipality for replacing your toilet with a new ultra low flow model Read more
British Columbia is home to a vibrant cluster of clean-tech companies, but more needs to be done to capture the major global opportunities that are offered in this area.
B.C. cities should become showcases for clean technologies that can be exported to fast-growing urban markets in China, India and Brazil. Companies in the sector should develop innovative partnerships with government and leading multinationals to expand their global reach. Finally, B.C. should combine the strength of its natural resource and clean technology industries through an aggressive marketing campaign in key strategic markets around the world.
These are some of the outcomes from last week’s Vancouver Energy Roundtable, which gathered 150 representatives from industry and government to develop a strategy on how to develop the clean-tech sector in the province.
The case for clean technology is simple: The planet cannot support a global economy in which everyone uses energy the same way, and in the same volume, as it is used in North America. The average Chinese or Indian citizen currently consumes a fraction of the energy of a Canadian, which is sure to change as those countries approach our standard of living.
This bodes well for our economy
REBGV has just changed the parameters for this Vancouver condo neighbourhood, changing the name from False Creek North to Yaletown. The area is west of Burrard street, south of Pacific Avenue and east of Carrall St. It also runs east of Richards and south of Smythe.
You can buy a studio condo from $308,000 and one bedrooms start around $335,000, 2 bdrms from $490,000 and 3 bdrms are over $1M. Read more
The long-delayed Evergreen Line to Coquitlam could be back on track and under construction soon after a meeting between Metro Vancouver mayors and Transportation Minister Blair Lekstrom.
The minister said he’s optimistic a short-term deal will be hammered out swiftly.
But he offered few specifics of how residents will likely pay more to fund the project, saying he didn’t want to predict which mechanisms mayors will opt to use.
The project has been stalled for months but the mayors – who control tax hikes for TransLink – say they’re close to a new agreement with Victoria to ensure the 11-kilometre SkyTrain extension proceeds.
“We’re going to find a solution to this,” Lekstrom predicted, adding he wants both a short-term agreement to launch the Evergreen Line as well as an understanding on longer-term funding sources for more distant projects, such as rapid transit line extensions in Surrey and along Vancouver’s Broadway corridor.
“We don’t want to have to go through this again next time there’s a project,” Lekstrom said.
“We’d like to know there’s a funding model in place that the mayors’ council and Translink can deal with it and get on with what we need here in Metro Vancouver.”
The region’s mayors voted at a closed-door meeting Tuesday morning to submit a proposal on funding TransLink’s $400-million share of the line.
Mayors council chair Richard Walton , mayor of the District of North Vancouver, said he won’t reveal any details until an agreement can be confirmed with the province – possibly within the next couple of days.
“It was an in-camera meeting,” Walton said. “We’re negotiating with another level of government.”
But Walton confirmed there are no new funding sources for the Evergreen Line, meaning the mayors are limited to some combination of higher property taxes, fuel taxes or a new annual vehicle levy in the short-term.
More public transportation is a good idea but should the poor taxpayer be on the hook for the expense? What do you think? Or should municipality governents find the money within their own budget by cutting back on some of their fat?
More than 30 unfinished homes in Vancouver have been broken into since the end of March and the problem is just as bad in other parts of the Lower Mainland.
Homebuilders are coming up with high-tech ways to stop thieves from stealing pricey appliances. Some of the ideas just make good sense, like only delivering appliances to homes after they’re built. Then there’s the surveillance and on-site security guards you’d expect to see.
High five to the developers.
A year after the Olympics, life is starting to appear on the business landscape of Southeast False Creek – slowly .
On a recent Sunday afternoon, a free tasting of fortified wines has lured the thirsty and curious into Legacy Liquor Store, the cavernous new 8,600-square-foot private store in the heart of Olympic Village, now officially known as the Village on False Creek. Couples with monstrous strollers, the young and bearded of Mount Pleasant, and seniors in track suits and dark glasses crowd the granite-topped bar in back, sipping a mid-priced reserve from Jerez. Read more
The minister said he’s optimistic a short-term deal will be hammered out swiftly.
But he offered few specifics of how residents will likely pay more to fund the project, saying he didn’t want to predict which mechanisms mayors will opt to use. Read more
If you are going to want to gain access to the property after the subject removal and prior to Closing, be sure to write that into the contract “buyer and seller agree to allow access for the purpose of…..prior to Closing”. Otherwise the seller often says no.
Also, buyers often ask me if they can get into the suite to drop off personal items prior to the closing. Or, if the property if vacant they ask if they can start painting or cleaning it prior to Closing. The answer is no, because it is a legal situation if you start to improve the property prior to title being transferred to you. In addition, you are gaining access to a property you do Read more
Active listings were highest in Februrary and March and May saw the lowest number of listings. Read more
What are the pet restrictions?
If pets are permitted, generally the building allows dogs or cats and may specify the number – usually no more than two – and the weight – under 25 lbs and sometimes one caged bird Read more
May saw listings flat and sales up and inventory only at 2.4 months. A sellers market.
You can buy a studio condo from $260,000. A one bedroom condo from $285,000 and a 2 bedroom condo from $459,000. Read more
My client purchased this as a pre-sale? Remember the days we used to stand in line forever prior to the Presentation Centres opening? Happy not to have to do that any more!
Welcome home! I’m a one bedroom and den/insuite storage in Yaletown’s TV Towers, built by Concord Pacific and I’m only 2 years old. I have new laminate floors, insuite laundry, an open kitchen with white cabinetry and brushed stainless steel countertops.
My building boasts a bike room, gym, steam/sauna,whirlpool/hot tub, TV/media room, Pilates room and concierge. Read more
More than 400 potential buyers lined up for the sales day. For every unit sold, there was at least one back-up offer made. There was nothing overtly special about the project, which will be completed by fall 2012. Read more
The Vancouver planning department is recommending that council approve a public hearing for a major rezoning application near the corner of Granville Street and West 57th Avenue. But a tenant who lives on the site claims that the staff report going to council on Tuesday (June 28) has “errors” and “omissions”.
“For any policy-making body to use this report to decide the future of anything is a serious error,” Karl Brodhecker told the Georgia Straight by phone.
To cite one example, he pointed to page 6 of appendix E. Under the subheading “Comments of the Applicant”, it states: “< enter text>”. There is no text included beyond that point.
“That’s a very interesting comment for an applicant to make,” Brodhecker said with a touch of sarcasm.
Late Friday (June 24), staff posted a report on the city’s website outlining the developer’s latest proposal for Shannon Mews. The four-hectare estate includes a Beaux-Arts mansion and was originally developed in the early 20th century by sugar baron Ben Rogers.
His family included an Italianate garden and a stone and brick perimeter wall. The property was later bought by industrialist Austin Taylor, who sold it to developer Peter Wall’s company in 1967. He created 162 rental apartments on the site.
I think City Hall will side with the Developer
Just how expensive are the rental housing units in Metro Vancouver? Up to close to $10,000 a month in some cases, it appears.
Find out what the average monthly rents are in Canada’s major cities according to Canada Mortgage and Housing Corp.’s April 2011 Rental Market Survey. Read more