Bowman lofts at 528 Beatty St is one of Downtown Vancouver's most sought after Loft building. The suites feature two levels and many heritage restored materials; including reclaimed wood floors, exposed brick exterior walls, and original timber beams. Along with the old, there is the new - poured concrete, steel beams, and modern kitchens and bathrooms. Check out this 1200+ sq.ft. unit currently for sale:
Just SOLD - Architectural two level modernist loft in Point Grey
Roar One - 4387 W 10th Ave - Unit #103 - Sold in 3 days
Architectural Gem. This Stunning 2 level concrete contemporary loft in Point Grey is very unique. As featured in Azure and Enclave magazines - Award winning "ROAR One" boasts soaring floor to ceiling window systems that open out to the large L-shaped patio, 1/2 covered, 1/2 open. Featuring modern polished concrete floors, in-floor hot water radiant heat, Wenge wood cabinetry and Karadon counters. 1,050 sqft, 1 1/2 baths, large private concrete storage/wine cellar and 1 parking - pets and rentals welcome. More details and pictures.
Architectural Gem. This Stunning 2 level concrete contemporary loft in Point Grey is very unique. As featured in Azure and Enclave magazines - Award winning "ROAR One" boasts soaring floor to ceiling window systems that open out to the large L-shaped patio, 1/2 covered, 1/2 open. Featuring modern polished concrete floors, in-floor hot water radiant heat, Wenge wood cabinetry and Karadon counters. 1,050 sqft, 1 1/2 baths, large private concrete storage/wine cellar and 1 parking - pets and rentals welcome.
Architecturally beautiful two level Point Grey Loft. Stunning 2 storey concrete loft in Point Grey! As featured in Azure and Enclave magazines - Award winning "ROAR one" boasts soaring floor to ceiling window systems that open out to the large L-shaped patio, 1/2 covered, 1/2 open. Featuring polished concrete floors, in-floor hot water radiant heat, Wenge cabinetry and Karadon counters. 1,026 sqft, 1 1/2 baths, large private concrete storage/wine cellar and 1 parking - pets and rentals welcome. First open this Sat November 21, 2-4 pm. Super hot price for immediate sale. Listed by Macdonald Realty Ltd. Sold by Paul Albrighton Macdonald Realty Ltd.
938 Nelson St - One Wall Centre Building page added
At Albrighton real estate we specialize in property that offers unique design and architecture. From lofts, modern condos, to architectural skyscrapers like the famous One Wall Centre in Downtown Vancouver. Wall centre is amongst the highest buildings in Vancouver. It is 48 stories tall and on the highest grade of land in Downtown, making the tower very visible from many locations around the city.
1241 Homer is loft style living at its finest. Situated in trendy Yaletown, this building offers superior interior design by Cross Decor and Design. With only 12 suites in the building, don't delay to own your exclusive loft condo at 1241 Homer. For more information and photos regarding this building visit: http://www.albrighton.ca/1241-homer-st.html
Beautiful one-of-a-kind Architectural Masterpiece Loft in Point Grey
Ladies and Gentlemen you have been waiting for an ultimate combination of architecture, design, and materials in a Vancouver loft. This is a rare opportunity at Roar One at 4387 W 10th Ave.
Stunning 2 storey concrete Vancouver loft in Point Grey! Amazing architecture, materials and attention to detail in this one of a kind spacious loft. As featured in Azure and Enclave magazines - Award winning "ROAR one" boasts soaring floor to ceiling window systems that open out to the large L-shaped patio, 1/2 covered, 1/2 open. Featuring polished concrete floors, in-floor radiant heat, Wenge cabinetry and Karadon counters. 1,026 sqft, 1 1/2 baths, large private concrete storage/wine cellar and 1 parking - pets and rentals welcome. First open this Sat November 21, 2-4 pm. Super hot price for this loft. # 103 4387 W 10TH AV, Vancouver. Listed by Macdonald Realty Ltd. See property deails/listing at 4387 W 10th Ave.
We just SOLD another large 825 sq.ft. loft at The Space, 1238 Seymour St.
Beautiful Vancouver loft - 2 level loft with 825 sq ft, at the Space. Concrete highrise. 16' ceilings with full height window. SE facing. Super YaleTown location. New Granite counters top in the kitchen and washroom. Open concept and spacious. MUST SEE. Listed by Pilothouse Real Estate Inc. Sold by Paul Albrighton Macdonald Realty. # 611 1238 SEYMOUR ST, Vancouver. Listed by Pilothouse Real Estate Inc. Sold by Paul Albrighton Macdonald Realty. Listed at $440,000.
This unit is a corner two level loft unit at The Space, with double height ceilings, a solarium/den, and plenty of storage underneath the stairs. This is a rare unit at The Space that has plenty of space with just over 825 sq.ft. The Space is a great value Downtown loft building and the loft suites offer plenty of potential for your ideas. If you are looking for a Downtown Vancouver loft for sale, this loft building offers great options with loft prices starting at $370,000.
Paul Albrighton #1 selling agent at The Space for 2009.
Paul Albrighton and his team have now sold 5 lofts out of a total of 18 sales for 2009, making him the #1 selling agent at 1238 Seymour for the year. If you are planning to buy or sell a condo or loft at The Space, use an expert who has experience and the right clientele. Contact Paul Albrighton at 604 315 5574 today.
Domus is a modern architectural high quality Yaletown tower. The design and build finish is superior to many Yaletown glass/concrete towers. Here's a walkthrough of a suite that is over 1000 sq.ft. - Mind the paint colours!
Gastown Boutique office / commercial space for space.
This would make a perfect office for a lawyer, doctor, tech firm, marketing company - where location, style and design are important. This unique Gastown boutique office space has nearly 800 sq.ft. upstairs with full 9' high ceilings, and a full basement with just over 700 sq.ft. perfect for more office space or storage. Contact Paul Albrighton for more details on this property at 604 315 5574.
Enter into a private brick courtyard through a character styled gate, view the mountains, and enter your space. Stay tuned for more information, photos, and a floor plan. Property Listing page.
YOUR BOUTIQUE GASTOWN PROPERTY This unique Gastown loft style retail/office unit has a very chic appearance with a brick exterior, the front facing a courtyard and a private entrance that makes it truly unique. One 2-piece washroom. 3 phase 225 amp electrical system. Perfect for an Architect, Doctor, Wine Store, Gallery or boutique office where some privacy or exclusivity is desired. Bring your ideas, convert it to a live/work place and start making your business ownership dream comes true.
UNIT SIZE Two level unit with 770 square feet of ground floor space and 700 square feet of basement space for a total of 1,470 square feet.
ASKING PRICE $549,000.00 Taxes and Strata Fees: (2009): Taxes $2,819.48 yearly Strata fees: $253.76 per month
LOCATION The subject property is located on the north side of Water Street between Cambie and Abbott Streets. This unit is situated in a tourist oriented and historic neighbourhood that has seen some major revitalization changes. Neighbouring tenants includes Delane, Blue Water Café, high end fashion and furniture stores, fine dining restaurants, offices and specialty shops.
The Province has announced today that the New Housing Rebate for HST will be available to a limit of $525,000, rather than the $400,00 originally announced.
Ministry of Finance PROVINCE INCREASES NEW HOUSING REBATE THRESHOLD VICTORIA – The Province is proposing to increase the threshold for the B.C. HST new housingrebate from $400,000 to $525,000 to ensure that, on average, purchasers of new homes up to$525,000 pay no more tax due to harmonization, Finance Minister Colin Hansen announcedtoday.
“We heard the concerns from consumers and industry about how the HST might affect home buyers, and this increase will move the threshold to above the average new home price in the province. At $26,250, this provides the highest maximum provincial rebate in Canada,” said Hansen. “A similar rebate will also support the construction or substantial renovation of affordable rental housing.”
Purchasers of new homes would be eligible for a rebate of 71.43 per cent of the provincial portion of the HST paid on a new home, up to a maximum of $26,250. Homes above $525,000 would receive a flat rebate of $26,250. This enhanced rebate represents a 30 per cent increase in the threshold and maximum rebate available.
The Province is also proposing transitional rules for new housing. The provincial portion of the HST would not apply to sales of new homes where ownership or possession is transferred before July 1, 2010. In addition, sales of new homes under written agreements of purchase and sale entered into on or before Nov. 18, 2009, would generally not be subject to the provincial portion of the HST, even if both ownership and possession are transferred on or after July 1, 2010.
On July 1, 2010, British Columbia intends to adopt the HST, combining a seven per cent B.C. rate with the five per cent federal Goods and Services Tax. At 12 per cent, B.C. would have the lowest HST rate in Canada. It is estimated the HST would remove over $2 billion in costs fo B.C. businesses, including an estimated $1.9 billion of sales tax removed from business inputs and an estimated $150 million annually in compliance costs. For more information on the proposed transitional rules for new housing, visit www.gov.bc.ca/hst.
'The Left Bank' concrete building at Main and Prior, featuring granite countertops, stainless steel appliances, secured parking, 9 foot ceilings, maple cabinets, hot water heating, and exposed concrete ceilings. Bright and spacious LOFT 816 square foot unit with 1 bedroom and den features polished concrete floors. Walking distance to skytrain, Science World, False Creek seawall, south main, Gastown and Chinatown. # 206 919 STATION ST, Vancouver. Listed By: Dexter Associates Realty.
Exclusive 8 story boutique concrete building set in the heart of the Crosstown Neighbourhood. Beautiful homes with sophisticated finishings. Features include an epicurean kitchen with stainless steel Bosch Appliances, quartz composite countertops & La Torre facets. Rare opportunity to own in 531 Beatty. This E facing 1 bedroom and den unit is freshly repainted, immaculately kept and shows beautifully. It has over-height ceilings, engineered hardwood floors and custom closet organizing systems in all closets to optimize storage space! One secured parking included. Building amenities include an exercise studio and a zen garden with outdoor fireplace. Steps to amazing restaurants, shopping and entertainment in Yaletown, Gastown, Downtown and more! # 305 531 BEATTY ST, Vancouver. Listed By: RE/MAX Ken Leong.
Beautiful Loft in Gastown with Parking - Only $420,000
Luxurious loft style living in the heart of Gastown! Bold living space with 10ft ceiling height, 23 ft of windows opening on to full entertainment size (23 ft long) west facing balcony. Stunning Gastown and city view with some water and mountain view. The interior finishings include polished concrete floors, open wall of glass blocks dividing living and sleeping area, open kitchen, gas fireplace and insuite laundry. Bonus - common roof top deck with 360 degree view! One secure underground parking stall and storage locker included. Solid concrete building. Pet friendly. Head across the street to Chill Winston or down Blood Alley to Salt for a bite to eat or a cocktail, maybe do a little shopping at Goodfoot, the Block or Livestock, either way you have several options at your door step! # 402 28 POWELL ST, Vancouver. Listed By: Blu Realty.
Contemporary Renovated Loft for sale in Gastown Vancouver
Funky, one of a kind loft in a cool heritage style building located in the heart of Gastown. This loft can be set up as a 2 bedroom and an office or, it can be 1 large bedroom and den. Featuring 10' ceilings, and large double glazed windows which stretch along two sides to brighten your loft on NW corner with views over Maple Square. Gas fireplace can heat the room comfortably. Stunning designers dream Loft in Historic Gastown. Polished concrete floors, a beautiful gourmet kitchen with top of the line appliances including: SS Fisher Paykel Fridge and Dish Drawer (DW), SS Kitchenaid stove, SS Panasonic microwave, Julien oversized SS kitchen sink, Grohe faucet, Custom kitchen cabinets and Corian countertops. Custom Roller blinds line the windows that stretch down 2 sides of the unit from the bedroom to the Custom built office. Steps from all the shops and restaurants of Gastown and the new sea wall link. # 401 28 POWELL ST, Vancouver. Listed By: Dexter Associates Realty.
Six storey luxury boutique style building in Yaletown across from Emery Barnes Park. Two homes per floor, each with a park view. Featuring 9'10" ceilings, air conditioning, sleek, stylish finishings, fireplace, top of the line appliances, 24"x24" porcelain tiles, solarium, andbalcony. Exclusive two bedroom residence on the edge of Yaletown. Gourmet Miele kitchen with breakfast bar, high ceilings and wide open spaces. Large living area with large windows filling the space with light. Features a large master bedroom with huge walk-in closet and spa like bathroom with granite counters, large soaker tub and separate stand up shower. Remote electric blinds and secure parking for 2 vehicles. Luxurious and intimate. # 301 1168 RICHARDS ST, Vancouver. Listed By: TAC Real Estate Corp.
The Spot - Stunning Downtown 2 bedroom loft for sale
Great 2 level loft at the SPOT located on the 5th level. Private and bright with a sunny south exposure, 16' high ceilings and an open outlook over a courtyard. This floor plan is one of the larger ones at the Spot featuring a large living room, separate dining area, functional kitchen, large outdoor patio, and a huge bedroom loft area. Features include oak flooring, granite counters, and gas stove. The building offers one of the best rooftop decks in the city, a gym and visitor parking. # 506 933 SEYMOUR ST, Vancouver. Listed By: RE/MAX Select Properties.
Koret Lofts at 55 E Cordova is a great unique Gastown live/work loft building. Open Heritage-Style Loft in Prime Gastown with 14' ceilings, beautiful exposed original brick wall, fir beams with polished concrete floors. This 5th Floor Loft offers a bright eastern exposure, European modular gourmet kitchen, AEG convection oven, gas cooktop, Bosch dishwasher and LG fridge, a custom-built island with wine rack and a spa-inspired walk-through shower. Alda Pereira design - Heritage-style with luxury in the heart of historic Gastown. This loft comes with an off-site parking lease and in a pet and rental-friendly building that provides a unique Commercial and Residential Zoning opportunity which allows the loft to be used for business use, an investment property or a very cool space to call home.....672 sq.ft. asking price at $359,900. Listed by Blu Realty. # 510 55 E CORDOVA ST, Vancouver Gastown.
Paul Albrighton just completed a course hosted by the UDI School of Development
"The Numbers Behind Housing Development". November 2009.
This course offered great value for anyone in the real estate business. The in-depth schedule included a detailed analysis of the following topics: how developers and consultants put together financial pro-formas before going ahead with a project, development appraisal, marketing and product strategies, project financing, and "behind the numbers" of multi-family and concrete high rise buildings. Special guest speakers included Colin Bosa - CEO of Bosa Properties, Ben Taddei - COO of ParkLane Homes, and Jim McPherson - President of Realtch Capital Group Inc.
"I believe it is crucial to keep up to date, and invest in the proper educated related to all aspects of the real estate business" - Paul Albrighton
Check out these beautiful Character lofts for sale in Crosstown, at the desirable Bowman Lofts
#103 528 Beatty St - Bowman Lofts - New loft for sale for $399,900
It has been 2 years since a unit has come to market at The Bowman Block at this price. This is a unique Crosstown loft building with character, quality, and ultimate design. In 2007 this loft building was awarded the UDI Award of Excellence for revitalization and for good reason. Don't miss this great unique open layout loft for sale at Bowman. This beautiful home features stunning fir floors , a lofted ceiling supported by giant wooden beams, top of the line Bosch and LG appliances, exposed brick walls and loads of storage. A common bright rooftop deck with BBQ and fireplace top off the list of amazing features. With its location to GM Place, Downtown shopping and Chambar, consistently Vancouver's favorite restaurant, its safe to say this special home won't last long. Live the loft lifestyle at this Highly regarded Vancouver loft building. # 102 528 BEATTY ST. Listed By: Sutton Grp-West Coast Realty. CLICK HERE to see more details and all the lofts for sale at BOWMAN BLOCK for sale.
city & mountains
$1,436 in 2009
# 502 528 BEATTY ST - Bowman BIG Loft for sale - 2 level
Finally a two level large loft at Bowman is now for sale. It has been over 5 months since a similar listing came out. The very best part....this unit includes a parking stall. The last large two level loft that came for sale at Bowman Lofts was #301 with 1288 sq.ft. a parking stall and similar design to #502 in March of 2008. This unit sold for $820,000. Now you can get a similar style unit for only $579,000. Contact me at 604 315 5574 for more details. Bowman Lofts homepage with active listings.
Bowman Lofts also known as the Bowman Block is located on Beatty St in Crosstown Vancouver. Developed by the Salient Group in 2006, it is now recognized as one of the most unique and desirable loft building in Vancouver. It stands out for its heritage character with exposed brick, reclaimed wood, and original restored windows. The kitchens come fully equipped with LG appliances, Caesarstone quartz countertops, and fine minimal style cabinetry. Bowman lofts were awarded the UDI Award of Excellence for revitalization. This building is located on the edge of Downtown Vancouver, in the up-and-coming Crosstown neighbourhood. Click here for more neighbourhood information.
This restoration contains 38 lofts at Bowman Block, with a common roof-top deck for everyone to enjoy. This 1217 sq ft suite offers a large two level loft bedroom, 2 baths and an open living space on 2 levels featuring sandblasted timber beams and columns, brick and concrete walls and refinished wood floors. The character in this loft is very rare. Bowman lofts in a well-known Crosstown Loft building with one of a kind units. Developed by Salient in 2006. The kitchen offers a S/S appl and composite stone countertops. The bathroom has stunning glass light walls. There are light and airy roller shades throughout, and insuite front loading washer and dryer. Every detail has been laid out in this true loft space. Includes 1 secure in building parking stall. Centrall located, you are steps away from it all. 2-5-10 year warranty in place. Home is tenanted to the end of Nov 2009. Don't miss this great heritage loft. Listed By: Century 21 In Town Realty
Vancouver Live/Work Loft building - industrial style
This unique Vancouver loft building offer two level concrete live/work lofts in a industrial setting. Some suites have great views of the rail yards, ocean and Mountains. Located at the Edge of town in the heart of industrial buildings, Cannery Row offers living like no other.
ATTENTION all condo and loft owners on Seymour St.
This route may be turned into a Truck route allowing all trucks to run down into Downtown along this route.
If you are against this happening in your area - Write to City Hall, and register to Speak at the Vancouver City Council Meeting, against Seymour Street becoming a truck route.
This is of great import, re; noise and air quality, particularly for suites facing Seymour. They claim that, because of RAV, there are now a few less buses on Seymour, so the city is proposing adding truck traffic to Seymour St. They are proposing no time limit on the trucks, whereas currently buses stop running at a certain hour.
With very little publicity, there was a small open house consisting of a few posters on easels in the lobby of the Roundhouse last month. There was no handout to take away with the information on the boards. People there made comments on the proposal, which supposedly have been taken into consideration in the final report which will come out approx: November 24th . The contact at city hall to get a copy of the report is :
Old World Charm-New Age Feel. The Malkin, originally built in 1898 and converted to an upscale heritage loft building in 1996, is one of Gastown's exclusive waterfront properties. Enjoy the spectacular vistas to the ocean, North Shore mountains and Coal Harbour from almost every room. This 2 bedroomm and den,1991 sq ft 2 level home is a true loft design with 16.5' ceilings and double height french doors opening onto a big deck. Everything is custom designed from the upscale kitchen with top end appliances and gas stove to the heated slate floors in the bathrooms with fabulous soaker tub. Dramatic designs with sand blasted brick feature walls and steel beams make this one of the best penthouse loft homes in Vancouver. # 302 141 WATER ST, Vancouver. Listed By: Prudential Sussex Realty.
Open Heritage-Style Loft in Prime Gastown with 14' ceilings, beautiful exposed original brick wall, fir beams with polished concrete floors. This 5th Floor Loft offers a bright eastern exposure, European modular gourmet kitchen, AEG convection oven, gas cooktop, Bosch dishwasher and LG fridge, a custom-built island with wine rack and a spa-inspired walk-through shower. Alda Pereira design - Heritage-style with luxury in the heart of historic Gastown. This loft comes with an off-site parking lease and in a pet and rental-friendly building that provides a unique Commercial and Residential Zoning opportunity which allows the loft to be used for business use, an investment property or a very cool space to call home. # 510 55 E CORDOVA ST, Vancouver. Listed By: Blu Realty
Your chance to own at The Hamilton, a heritage loft-conversion in the heart of trendy Old Yaletown. This suite boasts tons of exposed brick, huge cedar beams and reclaimed wide plank fir flooring and a gorgeous Suquet stone gas fireplace. Great open plan kitchen features maple cabinets, stainless steel appliances, gas range, breakfast bar and lots of counter and cupboard space. Large bedroom with ensuite bath.# 306 1178 HAMILTON ST, Vancouver. Listed By: Sutton Grp-West Coast Realty.
When the North American economy was in full force, and the Vancouver real estate market was fully blooming Green building technologies were hot. Developers were promoting the latest Green additions to their projects, Green marketing was “in”, and consumers found a way to justify higher prices for these qualities. Since then, whatever happened to Green buildings? Was it a fad or did people actually value these additions to new developments and were willing to pay the price?
This fall, my experience with Downtown Vancouver condo and loft buyers has been disappointing in regards to Green value-adds. With a target audience of people who appreciate architecture, new technology, and new design, the Green demand has simply been forgotten. I believe this past 2009 economy has made our consumers very price conscious. People pay closer attention to what they are paying for and the short term returns. Even in our past 5 months of true sales and price recoveries, people are shopping with more short term intentions. Since March 2009, we have seen similar activity to the most active months in 2007 in regards to sales figures and price increases. (Read last month’s market report) But people are not acting the same when it comes to buying property.
Recently while promoting the environmental advantages of one of Vancouver’s few Green buildings “Pomaria,” (See below) a LEED tower in Downtown Vancouver, in more than one case, my clients would not consider the Green advantages while comparing prices to similar properties in the area. I felt disappointed, and slightly concerned. I brought up this issue amongst a few people in the industry, and they experienced similar feedback from other clients. Does this mean, now that the bottom line is “more important than ever,” people are forgetting about Green technology, and the long-term effects on the environment?
While attending a UDI (Urban Development Institute) development course last week, I spoke to other professionals within the industry about the possibilities of new Green initiatives being implemented by developers for upcoming projects, they quickly responded with the answer “no”. As expected, they asked if I have had experienced any demand or requests for these types of features from consumers. You can imagine where this conversation led...
My point of this article is that I hope that the Green initiatives can once again be absorbed and demanded by consumers. At this time I believe the pressure will have to come from government and planning departments. If there were tax advantages with certain Green guidelines for new developments this could cause some very positive energy. The reality is very few people are willing to pay the price up-front. Developers are not willing to add Green features if consumers are not willing to pay extra.
Pomaria 1455 Howe St – LEEDE residential condo tower
Pomaria is a 30 storey residential tower located in False Creek North in Downtown Vancouver. It was developed in 2007 by Qualex-Landmark and designed by Rafii Architects and Robert Ledingham. Pomaria was amongst the first and only developments to pursue LEED. This building has been designed to enhance living while considering some Green technologies including: a unique ventilation system, geothermal/geoexchange heating and cooling system, storm water management system, specially selected materials, and low volume/consumption appliances and fixtures. All these systems are designed to lower its impact and increase its long term sustainability. http://www.pomaria.com/
The Domus - a distinguished building in the heart of Yaletown. This building stands out for representing high quality, good design, and eye-catching architecture. The well respected group of Qualex-Landmark Development, Rafl Architects & Roberts Ledingham teamed up to build Yaletown's most sophisticated high rise towe. This location is central and convenient to Yaletown best shops...read more.
This is is a beautiful customized penthouse loft I had the opportunity of seeing this weekend. It isn't in a loft buliding, but a very good quality central boutique concrete tower. 911 sq.ft. and 250 sq.ft. of patio for $798,000.
Downtown custom Penthouse LOFT - Unique home located on the corner of Robson Street with 250 square foot walk out terrace. Completely renovated sophisticated modern space. 1.5 baths, 2 levels, dramatic two storey living room, open loft 2nd bedroom. Imported German kitch en cabinets, Miele gas cooktop, convection oven, Fisher and Paykel fridge, wine cooler and beautiful granite counters. European wide plank white oak floors, 100% wool carpeting and solid birch doors. Master suite has large closets, fireplace and sitting area. This home feels like a townhouse in the sky. Air conditioning, 1 secured parking, large in-suite storage (wired for office), in ceiling speakers, rain shower. Very secure warrantied boutique concrete building. 1 block to Skytrain. FANTASTIC!
Buy a Vancouver loft with Paul Albrighton. We are specialists, not generalists. Lofts, loft style condos, and architectural property can be found in a variety of places. Choose an agent who knows the right buildings, sale prices, niche markets, and who has credible experience to help you complete a transaction.
Click here to start looking for your next Vancouver Loft.
Summary for local Downtown Vancouver Market Report for condos and lofts
The market continues to show positive signs. Inventory is still low, and our market still remains as a sellers market (defined by having less than three months supply). Sales activity has slowed down since the Summer months which is typical for this time of year, however; sales in October were up 4.1% from September which was already a very active month. Compared to October of 2008, sales were up 117% for Greater Vancouver.
“High confidence and low mortgage rates are continuing to drive the activity we’re seeing in the housing market today. We’re coming off several months of unseasonably high sales levels, which has allowed for a gradual increase in home values this year,” - Scott Russell, Real Estate Board of Greater Vancouver (REBGV) president said.
This month I wanted to do an analysis of Greater Vancouver, and Western Canada.
November Market Update Since the market correction last winter, the market has bounced back nicely to test previous highs, both in the number of sales and in benchmark prices. The summer of 2009 surprised many analysts and market-watchers with both its resiliency and fervour, and clients have asked what will happen in the fall and winter.
No one really knows what the market will do, but traditionally, the winter season has resulted in a slow-down in the market as families buckle down for the school year, weather patterns make buyer tours less pleasant, and holiday planning begins. Because there are fewer buyers, some sellers will decide that they can wait until these buyers return, which results in less supply to offset the drop in demand.
However, statistics show that house prices tend to be lower in the winter than in the summer which is why home price stats are seasonally adjusted. People who sell in the winter are more likely to be ready to sell and realistic rather than curious and unmotivated. Also, because there are fewer buyers, true negotiations between buyers and sellers are more likely to occur in place of auction-type multiple offer situations.
So what does this mean if you're a buyer or seller? If you're a buyer that has the flexibility to purchase during the winter months, your selection may become more limited, but if you find what you like, you will likely have a better opportunity to negotiate for your home rather than bid for it. If you're a seller, a limited supply can work in your favour if you have a good realtor that can outline the unique features of your home.
Every situation is different, and each year presents a new set of challenges and opportunities that require professional analysis. Source, Macdonald Realty Ltd.
Concrete, steel and glass 3 level townhome, sitting securely high above the street, just 5 blocks to the new subway at Cambie and Broadway. The main level has dark walnut floors, commercial storefront windows and 9ft ceilings in the living and dining room. Custom milled kitchen cabinets have quartz counters, oversized undermounted sinks and painted glass backsplashes. Metal floating stairs with walnut treads lead up to the master suite with access to a 11x10' deck with views of the city and mountains. Spacious ensuite has in floor radiant heat with glass mosaic tiles, Kobe deep soaker tub, separate shower and dual flush Toto toilets. The lower level has second bedroom with spacious ensuite, the laundry and insuite storage. # 2 850 W 8TH AV, Vancouver. Listed By: RE/MAX David Campbell Realty.
Heritage conversion loft for sale in Gastown Vancouver
Beautiful Gastown character loft. 789 sq ft studio style Gastown loft in newly converted PARIS BLOCK. This sleekly designed home has published concrete floors, a one piece stainless sink/counter/backsplash in kitchen and cool built-in appliances: The suite length exposed brick walls and 2 foot high 'I' beams round out the suite with heritage style. This loft is easy to maintain, easy to rent and pays its own bills. Close to all the action: Salt, Chill Winston, Jules and more! No property tax for up to 3 more yrs! # 202 53 W HASTINGS ST, Vancouver. Listed By: RE/MAX Real Estate Services.
Gastown Character Loft building. Modern styling in a heritage building. EAST Downtown Urban Living in a boutique concrete building in historic Chinatown Vancouver. Modern living in this vibrant, culturally rich neighbourhood. Spacious 1 bedroom home features European inspired kitchens with high end appliances, stone slab countertops, glass back splash, over height ceilings, wide oak plank floors, bright open plan. Contemporary loft living at its best. Conveniently located close to Downtown/Gastown shopping, theatres, and restaurants. # 303 71 E PENDER ST, Vancouver. Listed By: Prudential United Realty.
Koret Lofts in Gastown. - 1011 square feet of Upscale, New York Style, live/work loft offering a blank canvas of open space + high style living. Urban heritage meets modern living with sand-based wooden posts and beams, exposed brick and concrete walls, and a modular European stainless steel kitchen including LG fridge, Bosch dishwasher, AEG wall oven and cooktop. This unit is very quiet with a concrete wall on one side and no neighbours on the other. Other features include 10'5 ft ceilings, restored heritage windows, mosaic tile walls, translucent bathtub, walk thru shower, pedestal sink, rich dark Brazilian maple floors, custom walk-in closet by Arbutus closets, secure rare underground parking, custom murphy bed and separate office area. # 213 55 E CORDOVA ST, Vancouver. Listed By: RE/MAX Real Estate Services.
Beautiful Yaletown Penthouse loft for sale at Del Prado
The Del Prado heritage warehouse conversion in the heart of Yaletown Vancouver. This penthouse loft has everything you need. Air conditioning, beech flooring, original exposed brick, concrete beams and an entire wall of European-style track windows. Kitchen has maple cabinets, stainless countertops, Bosch dishwasher (24 yr warranty). Thermidor gas stove with commercial hood fan, Jenn-Air fridge and a butcher-block top island. Central air ensures cool comfort. Lots of storage. Strata has appiered enclosure of gas, private roof top deck, and TWO parking stalls - a rarity in Yaletown! # PH6 1155 MAINLAND ST, Vancouver. Listed By: Royal LePage City Centre.
Luxurious New York style loft living centrally located in downtown Vancouver! This 735 square feet unit in The Spot at 933 Seymour, is like a breath of fresh air featuring white walls, wood floors, soaring ceilings, ample closet space and beautiful views of the city of Vancouver. This loft is located on the desirable 5th floor with access to two patios. Walk to Nesters just across the street for groceries and Granville is close enough to walk to but not too close to hear!. # 509 933 SEYMOUR ST, Vancouver. Listed By: Sutton Grp-West Coast Realty.