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Month: August 2016

by Maggie Chandler Maggie Chandler No Comments

New Regulations for Older BC Strata Buildings

Are you stuck in old, run-down strata properties? You will now have an easier time selling their units.

The Strata Property Act has been amended, permitting strata corporation members to terminate a strata corporation by an 80 per cent vote. Previously, a strata corporation could only be terminated with a 100 per cent vote.

“We made this change to give strata lot owners more freedom to choose what they want to do as their property nears the end of its life cycle,” said Hon. Rich Coleman, Minister of Natural Gas Development and Minister Responsible for Housing.

“We don’t want strata owners to be stuck in a situation where they’re paying for repairs on a property not worth repairing, but they can’t terminate the strata because it’s really difficult to get a unanimous vote,” said Minister Coleman.

Tony Gioventu, executive director of the Condominium Home Owners’ Association thinks the new regulations are a positive step.

“This benefits strata corporations considering liquidation of their buildings for redevelopment,” Gioventu said.

by Maggie Chandler Maggie Chandler No Comments

Why I Came Back to Vancouver’s Kitsilano

rvyc waterviewThis article is about stories my clients have told me regarding leaving and returning to Vancouver’s Kitsilano.

We lived in kits for nearly three decades and just loved it but when we retired we decided to sell our Kitsilano house and move to Vancouver Island. After a year of living on the island we got lonesome for Kits and found ourselves taking the ferry back to Vancouver more often than we had thought we would. We stayed a reasonably priced Downtown Vancouver Hotel but after a year we decided this was not a good way to be spending our money, so we decided to buy a Kits condo and use it as our pied-a-terre. That was a year ago and we are delighted with our decision. We now live in our former neighbourhood and visit our favourite coffee shops and restaurants, whilst watching the Kits condo prices climb!

Kitsilano is west of Burrard Street, north of West 16th Avenue and east of Alma Street. It remains a quiet and low density neighbourhood, boasting an 89 Walkscore, excellent public transportation which we use when going Downtown or to other Vancouver neighbourhoods to visit friends. Sometimes we use the car share program. If you are a cyclist there are also many bike share places and bike lanes. You can hop a ride on the little ferry and buzz around False Creek.

Kits has some of the best water views in Vancouver, you can see the North Shore mountains all the way to Bowen Island and the city and English Bay beach. We never get tired of looking at it.

If you like beaches Kits Beach has been voted one of the top beaches in the world! It is so relaxing to walk along the beach, sit and read a book, take your dog for a walk or partake in various beach and water sports including kayaks, paddle boards and boating. There is also basketball and volleyball.

Our neighbourhood has over 350 restaurants including many fine world class dining, including Italian, French, Greek, Mexican, Japanese, Malaysian, Indian, Thai, Chinese, farm to table and vegetarian/vegan. We boast a wide selection of grocery stores including Whole Foods and Choices. Jacksons Meat store is a tradition. High end bakeries such as Beaucoup Bakery. Don’t forget to attend the Kits Farmers Market. Don’t forget Thomas Haas Chocolate. Then there’s the very cool Blue Martini Jazz Cafe which has live music. There’s no shortage of coffee shops.

Looking for a place to hang out after work and have a cocktail? Kits has many fine pubs, some with patios. The Billy Bishop on Kits Point has been around forever. Yew and York also have a good selection of eateries, including Starbucks. Grab a coffee and go sit on a bench on Kits Beach.

Then there’s the shopping which includes many fine quality boutique stores such as Gravity Pope and JNBY whose clothes is natural fabric. Looking for funky shoes? Drop by Miss Mooz.  You can buy albums at Zulu which has been part of the Kitsilano neighbourhood since the hippie days. Kids Books on West Broadway is one of the best children’s book stores in Vancouver. Kits has many beautiful flower shops.

Looking to get pampered? Try one of Kits’ many spas. A long time tradition is the annual Honda Celebration of Light which puts on an amazing fireworks display at the end of July. Enjoy movies? Fifth Avenue Cinema now has a bar and features the latest movies. For Shakespeare fans there’s Bard on the Beach under the tent in Vanier Park every summer, featuring wonderful plays.

Another of our favourite activities is to visit all the Kits Parks – Vanier, which is on the waterfront and a lovely walk down Kits Beach to Granville Island. Then there’s Hadden Park, Connaught Park, McBride Park, Almond Park, Tatlow Park on Point Grey Road and Jean Beaty. You’ll see many people flying kites in Vanier Park.

Kits streets are named after trees – cypress, maple, laburnum, walnut, arbutus, yew, balsam. Some street names connect to English history – Trafalgar, Blenheim, Waterloo

Outdoor sports are very popular in Kits – swimming in Kits Pool in the summer, or in the ocean itself and enjoy its many beaches or a walk along the waterfront. The neighbourhood also has many gyms and yoga studios, and a wide variety of sports store equipment and clothing. Don’t forget the good selection of tennis courts of which the most popular is right at Kits Beach. Or you can join Jericho Tennis Club which is situated on the waterfront next to Royal Vancouver Yacht Club – should you wish to have the boating experience. Both clubs are over a century old.

Kits has a great history, dating back to the early 1800s. It was originally settled by the Squamish Nation whose Chief was named Khatsahlano. It was a wild rain forest, which was perfect for a lumber industry.

The oldest building in Vancouver is the Hastings Mill Store at Alma and Point Grey Road. It was opened as a museum in this location in 1931 when it was moved from Gastown and boasts many artifacts from ye olde Vancouver in the 1800s. Are you a museum lover? Visit Vancouver Maritime Musuem, HR MacMillan Space Centre, Vancouver Archives.

If you work Downtown or at UBC, it’s a quick commute.

Regarding your options for real estate, Kits has it all! Houses, townhomes, half duplexes and an assortment of condos of which some were built as far back as the 1970s.

Contact Maggie Chandler and put my hyper-local Kitsilano knowledge to work for you!

 

 

 

by Maggie Chandler Maggie Chandler No Comments

BC Real Estate Prediction for 2017 and 2018

Will the new foreign buyers tax effect Vancouver real estate sales and prices, or will the prices continue to trend upwards? Read the latest opinion from Central 1 Credit Union’s Economist

Here’s another opinion on BC real estate sales and prices from BCREA Chief Economist Cameron Muir

Vancouver, BC – August 25, 2016. The British Columbia Real Estate Association (BCREA) released its 2016 Third Quarter Housing Forecast Update today.

Multiple Listing Service® (MLS®) residential sales in the province are forecast to climb 10.4 per cent to a record 113,000 units this year, eclipsing the previous record of 106,310 units in 2005. Housing demand is expected to moderate next year, with home sales declining nearly 8 per cent to 104,400 units. However, housing demand is expected to remain well above the ten-year average of 85,000 unit sales.

“The introduction of a 15 per cent tax on foreign national home buyers in Metro Vancouver is expected to accelerate a moderating trend in the market that began earlier in the year,” said Cameron Muir, BCREA Chief Economist. “However, other regions of the province are performing above expectations and at the provincial level, largely offsetting Metro Vancouver’s deceleration.”

The average MLS® residential price in the province is forecast to increase 11 per cent to $706,900 this year and a further 5.2 per cent to $743,700 in 2017.

“While the cyclical nature of housing markets can exact a harsh toll on affordability in the short term, there is some relief for beleaguered home buyers on the horizon, added Muir. Housing starts in the province are expected to reach near record levels this year, and the highest amount since 1993. In Metro Vancouver, a record number of homes are now under construction. “A moderation in housing demand combined with a rising number of both new and resale homes on the market is expected to create more balance and less upward pressure on home prices.”

 

by Maggie Chandler Maggie Chandler No Comments

BC Housing Starts Decline in July

Housing starts in BC declined last month . On a year-over-year basis, new home construction was up 14 per cent in July due to a 25 per cent jump in single detached starts and an 11 per cent rise in multiple units. Through the first seven months of the year, BC housing starts are up 37 per cent compared to 2015.

Multiple unit starts dropped 14%. Single-detached starts in the Vancouver CMA were up 15 per cent. In total Greater Vancouver saw a 9% drop overall, due to multiple units.

 

by Maggie Chandler Maggie Chandler No Comments

What’s Special About Vancouver’s Jameson House Condos?

JUST LISTED! 2306-838 W. Hastings in the heart of Vancouver’s Downtown District and only two blocks to Coal Harbour’s waterfront seawall. Enjoy the 97 Walkscore. Close to luxury shopping, restaurants, coffee shops, supermarket, the cruise ship centre, Vancouver’s convention centre and the business district. Live the Vancouver Lifestyle!

This 1750sf spaciously laid out 2 bedroom and den faces north west and has a water, mountain and city view plus a 73sf deck for cocktails!

This luxury Vancouver condo boasts 9ft ceilings, floor to ceiling windows, in floor radian heat, a contemporary kitchen by Dada cucina of Italy, Gaggeneau and Sub-Zero applianes, plus imported Travertine flooring plus many luxury appointments including air condition and remote shades.

Jameson House boasts Canada’s first auto valet service and 2306 comes with two parking stalls and a super helpful concierge service, which is 24/7.

Rentals are permitted in this condo building and one pet per suite.

Sharply priced at $2,188,000 and available for immediate occupancy. This is the perfect investment, home or pied-a-terre.

Call Maggie today for a showing 604-328-0077

 

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