Jeff Fitzpatrick (www.jefffitzpatrick.com): HomeContactBlog

Cross Over to Affordable Living with Broadway Crossing

Jeff Fitzpatrick — Thu, 19 Jan 2012 09:58:40 -0800

Thanks to Broadway Crossing – a boutique 35 unit development – the bare and boring vacant lot on the corner of Broadway and Nanaimo won’t be empty much longer! This 4 storey mixed-use development will be home to 30 modern residential suites and 5 commercial units on the ground floor.

Living 10 minutes from downtown and walking distance to schools, restaurants and Commercial Drive doesn’t get any better (or more affordable) than this! Prices start at $222,888 for studios, $246,888 for one bedrooms and $322,888 for two bedroom units.

2408 E. Broadway at Nanaimo Street in East Vancouver
4 storey development with 5 commercial units and 30 residential suites (all with balconies!):
- 2 studio apartments
- 18 one bedroom units
- 4 one bedroom and den
- 6 two bedroom suites
- Floorplans available here
All homes will be pre-wired for security systems and come with gorgeous laminate floors, baseboard heating, and large open or enclosed balconies (smallest balcony is 53 sq. ft.)
Gourmet kitchens with quartz countertops, undermount sinks, and stainless appliances
Relaxing baths with deep soaker tubs and durable Delta faucets
Secured underground parking and bike room available
Transit, restaurants, and banks right outside your door; walking distance to schools, Safeway, Broadway Skytrain Station, and Commercial Drive; only a short 10 minute drive to downtown. Click here for a map of the neighbourhood.
Expected completion Spring 2013
Developer Lalli Investments

Register at www.broadwaycrossing.ca to stay up-to-date with the latest news and information. If you have any questions about this new Vancouver condo development or anything else, please feel free to call 604.612.6120 anytime!

REBGV: Balanced Real Estate Market Prevailed Through Much of 2011

Jeff Fitzpatrick — Fri, 06 Jan 2012 09:53:22 -0800

VANCOUVER, BC - The 2011 Greater Vancouver housing market began with heightened demand in regional hot spots and concluded with greater balance between seller supply and buyer demand.

The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2011 reached 32,390, a 5.9 per cent increase from the 30,595 sales recorded in 2010, and a 9.2 per cent decrease from the 35,669 residential sales in 2009. Last year’s home sale total was 6.3 per cent below the ten-year average for annual Multiple Listing Service® (MLS®) sales in the region.

The number of residential properties listed for sale on the MLS® in Greater Vancouver increased 2.7 per cent in 2011 to 59,549 compared to the 58,009 properties listed in 2010. Looking back further, last year’s total represents a 12.8 per cent increase compared to the 52,869 residential properties listed in 2009. Last year’s listing total was 11.1 per cent above the ten-year average for annual Multiple Listing Service® (MLS®) property listings in the region.

“It was a relatively balanced year for the real estate market in Greater Vancouver with listing totals slightly above historical norms and sale numbers slightly below,” Rosario Setticasi, REBGV president said.

Residential property sales in Greater Vancouver totalled 1,658 in December 2011, a decrease of 12.7 per cent from the 1,899 sales recorded in December 2010 and a 29.7 per cent decline compared to November 2011 when 2,360 home sales occurred.

More broadly, last month’s residential sales represent a 34.1 per cent decrease over the 2,515 residential sales in December 2009, a 79.4 per cent increase compared to December 2008’s 924 sales, and a 12.6 per cent decrease compared to the 1,897 sales in December 2007.

The overall residential benchmark price, as calculated by the MLSLink Housing Price Index®, for Greater Vancouver increased 7.6 per cent to $621,674 between Decembers 2010 and 2011. However, prices have decreased 1.5 per cent since hitting a peak of $630,921 in June 2011.

“Our market remained in a balanced state for most of the year, although higher levels of demand for detached properties in the region’s largest communities caused prices in certain areas to rise higher than others,” Setticasi said. “For example, the benchmark price of a single-family detached home experienced double-digit increases in nine areas within the region over the last 12 months.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 1,629 in December 2011. This represents a 4.1 per cent decline compared to the 1,699 units listed in December 2010 and a 49.4 per cent decline compared to November 2011 when 3,222 properties were listed.

Sales of detached properties in December 2011 reached 630, a decrease of 18.1 per cent from the 769 detached sales recorded in December 2010, and a 30.2 per cent decrease from the 902 units sold in December 2009. The benchmark price for detached properties increased 11.2 per cent from December 2010 to $887,471.

Sales of apartment properties reached 774 in December 2011, a decline of 4.6 per cent compared to the 811 sales in December 2010, and a decrease of 32.9 per cent compared to the 1,154 sales in December 2009.The benchmark price of an apartment property increased 3.7 per cent from December 2010 to $401,396.

Attached property sales in December 2011 totalled 254, a decline of 20.4 per cent compared to the 319 sales in December 2010, and a 44.7 per cent decrease from the 459 attached properties sold in December 2009. The benchmark price of an attached unit increased 4.2 per cent between December 2010 and 2011 to $511,499.

Source: REBGV

Christmas Lights in Vancouver

Jeff Fitzpatrick — Tue, 13 Dec 2011 14:27:05 -0800

Lover of Christmas lights? You’re in luck! Metro Vancouver has been busy stringing them up. Here’s a few places that will surely get you in the holiday spirit!

Canyon Lights at the Capilano Suspension Bridge

What: A zillion sparkling lights adorning the Bridge, Rainforest and the Cliffwalk

When: Now until January 1, 2012 from 5PM – 9PM nightly (closed Christmas Day)

Admission: $25 for adults, $5 for children (6 – 16 yrs), $50 for a family of four (2 adults & 2 children)

Where: Capilano Suspension Bridge, 3735 Capilano Road, North Vancouver

Bright Nights in Stanley Park

What: Festive train ride through a forest transformed by two million twinkling lights

When: Now until January 2, 2012 from 3PM – 10PM (11PM on Friday and Saturday; closed Christmas Day)

Admission: Entrance by donation. $9 for adult train tickets and $6 for children, youth and seniors

Where: Stanley Park

Festival of Lights at the VanDusen Botanical Garden

What: Thousands of lights and decorations as well as Santa’s living room, elves, light shows, music and more!

When: Now until January 2, 2012 from 4:30PM – 9:00PM every night (closed Christmas Day)

Admission: $13.50 for adults, $10 for seniors (65+) and youth (13-18), $7.50 for children, $31 for family (2 adults & their children under 19)

Where: 5251 Oak Street at W. 37^th Avenue

Jewel Box of Lights at the Bloedel Conservatory

What: Domed garden with thousand of lights and stunning display of pointsettias

When: Now to January 2, 2012 from 10AM – 8PM (9PM on Friday and Saturday), closed Christmas Day.

Admission: $5 for adults, $3.48 for seniors and youth, and $2.50 for children and family

Where: Queen Elizabeth Park off 33^rd Avenue between Cambie and Main Street

Trinity Street Christmas Light Festival

What: 2400-2900 blocks of Trinity Street come to life with Christmas lights and compete for the honour of best block and house

When: Now until January 3, 2012 from 7PM – 10PM

Admission: Free! Ballots to vote for best house and block are $2.

Where: 2400 – 2900 block of Trinity Street in East Vancouver

Enjoy driving around and looking at neighbourhood light displays? Check out the Province’s Christmas Lights Guide for Vancouver here. Have a safe and happy holiday!

December Vancouver Real Estate Market Insights

Jeff Fitzpatrick — Mon, 12 Dec 2011 09:53:21 -0800

Taking a look at the November statistics will lead us to think that we’re in a buyer’s market, with a slight over supply. Recognizing the statistics capture all of the Real Estate Board geographies, if we drill down to the Vancouver market, we’ll quickly realize that although properties with higher prices are lingering around, those properties that are well priced, well located, and/or exhibit special characteristics are selling at a healthy rate. This, combined with some sellers deciding to take their properties off the market over the holiday period, is creating some pent-up demand and points to what is widely anticipated to be a strong spring market.

The Bank of Canada held their overnight rate steady at 1%, however there is an expectation that moving into the new year, as Europe continues to manage their economic woes, and the USA prepares for a national election, the interest rates may come down a bit, potentially providing the impetus for buyers to enter the market. I wouldn’t be surprised to see some upward pressure on pricing as buyers consume any excess supply after the holidays.

If you or someone you know is contemplating entering the market as a buyer or seller, call today. The best outcome is determined not by luck, but by well executed planning, I’ll be honoured to help.

Happy Holidays,

November 2011 Vancouver Real Estate Market Sales Absorption Report and Statistics

Jeff Fitzpatrick — Wed, 07 Dec 2011 15:14:48 -0800

Our November Vancouver Market Sales Absorption Report (SAR) is now available! Email us for this month's copy or subscribe to our mailing list.

This month we've added a new statistic, "month's supply". Month's supply is defined as the number of months it would take at the current absorption rate, assuming no new properties are listed, for all of the currently listed properties to sell. This metric helps determine whether we're operating in a buyer's, seller's or equilibrium market. For a more detailed explanation of "month's supply" and to find out what type of market we're in now, subscribe to our report.

If you have any questions or comments about our report, or the Vancouver real estate market in general, please feel free to contact us anytime at 604.612.6120!

REBGV: Historically Normal Activity Keeps the Greater Vancouver Housing Market in a Balanced State

Jeff Fitzpatrick — Mon, 05 Dec 2011 11:37:46 -0800

VANCOUVER, BC – The Greater Vancouver housing market saw relatively typical home sale and listing activity in November.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,360 in November. This represents a 5.9 per cent decline compared to the 2,509 sales in November 2010 and a 1.9 per cent increase compared to the 2,317 sales recorded in October 2011.

Looking back further, last month’s residential sales total is 5.8 per cent below the ten-year average for sales in November.

“The pace of home listings entering the market eased slightly in November, compared to recent months, while sale levels remained fairly normal for this time of year,” Rosario Setticasi, REBGV president said. “November activity helped put our market firmly in balanced territory.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 3,222 in November. This represents a 26.3 per cent decline compared to the 4,374 new listings reported in October 2011, but a 6.3 per cent increase compared to November 2010 when 3,030 properties were listed for sale on the MLS®.

Looking back further, last month’s new listing total is 2.1 per cent above the ten-year average for November.

The total number of properties currently listed for sale on the Greater Vancouver MLS® sits at 14,090, a decline of 9 per cent compared to October 2011 but an increase of 13 per cent when compared to this time last year.

The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 7.2 per cent to $622,087 in November 2011 from $580,080 in November 2010.

Since reaching a peak in June of $630,921, the benchmark price for all residential properties in the region has declined 1.4 per cent.

Sales of detached properties on the MLS® in November 2011 reached 916, a decrease of 12.8 per cent from the 1,050 detached sales recorded in November 2010, and a 21.3 per cent decrease from the 1,164 units sold in November 2009. The benchmark price for detached properties increased 11.4 per cent from November 2010 to $890,204.

Sales of apartment properties reached 1,000 in November 2011, a 4.9 per cent decrease compared to the 1,052 sales in November 2010, and a decrease of 28.4 per cent compared to the 1,396 sales in November 2009. The benchmark price of an apartment property increased 2.7 per cent from November 2010 to $399,686.

Attached property sales in November 2011 totalled 444, a 9.1 per cent increase compared to the 407 sales in November 2010, and a 15.1 per cent decrease from the 523 attached properties sold in November 2009. The benchmark price of an attached unit increased 4.5 per cent between November 2010 and 2011 to $510,960.

Statistic from REBGV

October 2011 Vancouver Real Estate Market Sales Absorption Report and Statistics

Jeff Fitzpatrick — Tue, 08 Nov 2011 14:26:28 -0800

Our October Vancouver Market Sales Absorption Report (SAR) is now available! Email us for a copy or subscribe to our mailing list to receive one every month. This monthly snapshot of the Vancouver real estate market is designed to keep you up-to-date and on top of the market. Each report includes:

A snapshot of the East, West and Downtown Vancouver real estate markets
Monthly sales and listing statistics including absorption rates
Analysis by price, residential type, and number of bedrooms
Graphical representation of the past two years of sales, active listings, and average sales price
Featured properties of the month

If you have any questions or comments about the Vancouver real estate markets and/or statistics, please feel free to contact us anytime!

REBGV: Greater Vancouver at Lower End of Balanced Housing Market

Jeff Fitzpatrick — Wed, 02 Nov 2011 15:13:41 -0700

VANCOUVER, BC - With a sales-to-active property listings ratio of 15 per cent, the Greater Vancouver housing market continues to hover at the lower end of a balanced market and has been trending in that direction over the past five months.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) system reached 2,317 in October, a 1 per cent decrease compared to the 2,337 sales in October 2010 and a 3.2 per cent increase compared to the previous month. Those sales rank as the second lowest total for October over the last 10 years.

“Right now, prospective home buyers have a good selection of properties to choose from and more time to make decisions,” Rosario Setticasi, REBGV president said. “Home sellers should be mindful of local market conditions to ensure they are pricing their properties competitively.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,374 in October, which is on par with the 10-year average. This represents an 18.3 per cent increase compared to October 2010, when 3,698 properties were listed for sale on the MLS®, and a 23 per cent decrease compared to the 5,680 new listings reported in September 2011.

The total number of properties listed for sale on the Greater Vancouver MLS® system currently sits at 15,377, which is 9.3 per cent higher than the 14,075 properties listed for sale during the same period last year. October was the first month that the total number of property listings showed a decrease this year.

The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 7.5 per cent to $622,955 in October 2011 from $579,349 in October 2010. However, since reaching a peak in June of $630,921, the benchmark price for all residential properties in the region has declined 1.3 per cent.

Sales of detached properties in October reached 974, which represents virtually no change from the 976 detached sales recorded in October 2010, and a 34.5 per cent decrease from the 1,487 units sold in October 2009. The benchmark price for detached properties increased 11 per cent from October 2010 to $884,778, but decreased 1.3 per cent compared to the previous month.

Sales of apartment properties reached 958 in October, a 2.6 per cent decrease compared to the 984 sales in October 2010, and a decrease of 40.4 per cent compared to the 1,607 sales in October 2009. The benchmark price of an apartment property increased 3.2 per cent from October 2010 to $402,702, but decreased 0.7 per cent compared to the previous month.

Attached property sales in October totalled 382, a 1.3 per cent increase compared to the 377 sales in October 2010, and a 37.4 per cent decrease from the 610 attached properties sold in October 2009. The benchmark price of an attached unit increased 6.5 per cent between October 2010 and 2011 to $519,455, and increased half a per cent compared to the previous month.

Statistics from REBGV

Floating Homes: The Ultimate in West Coast Living

Jeff Fitzpatrick — Fri, 28 Oct 2011 12:50:10 -0700

Looking for a truly unique west coast home with some of Vancouver’s best water, mountain and sunset views? If you’re open to a slightly different, yet equally amazing lifestyle, a float home may be just for you! Currently two of the six Coal Harbour homes (the maximum number of float homes allowed in this marina) are on the market! Check out these rare gems below – they may very well float your boat!

For Sale: 36C 1525 Coal Habour Quay - $750,000

Photos from the Vancouver Sun

Vancouver’s newest floating home! (Recently towed into place September 19, 2011!)
2 bedrooms plus den, 2 bathrooms
1,158 sq. ft. across two floors, not including the amazing rooftop deck, charming patio off the master bedroom and the rail-less on the main floor
Panoramic mountain, water and sunset views!
Granite counters, stainless steel appliances, marble master bath (which slightly resemble bathrooms in the Fairmont Pacific Rim), and high end finishes throughout
No parking is available, but no car is needed! Walk or bike to world-class restaurants, shopping, cafes, entertainment, and transit if needed!

For Sale: 22C – 1525 Coal Harbour Way - $570,000

Photos from the MLS.ca

The largest floating home in Coal Harbour!
2 bedroom plus den, 2 bathrooms
1,320 sq. ft. across two floors (which have been recently updated!)
Entertainment sized floating deck and a charming patio on the top floor
Amazing views of Stanley Park, the North Shore mountains, and of course, the marina!
No parking available, but once again, you won’t need it! You’ll be situated in the very heart of Vancouver!

If you have any questions or comments, please feel free to give me a call at 604.612.6120 anytime!

Submerse Yourself in Green with Yu Living at Westbrook Village UBC

Jeff Fitzpatrick — Wed, 19 Oct 2011 12:41:11 -0700

Sophisticated, green living at its finest! Yu Living, a luxury 106 unit development surrounded by natural amenities – walking and cycling trails, forests and beaches of Pacific Spirit Park – is coming to Wesbrook Village UBC.

This eco-friendly development will be the first Canadian project for this Beijing-based developer, Modern Green. Priced starting from $449,000, first-time buyers and investors alike will be able to enjoy sustainable green living!

90 luxury condos and 16 concrete townhomes on the 99 year leasehold land at UBC’s Westbrook Village
One, two, and three bedroom suites ranging from 605 – 1477 sq. ft. of comfortable living
Sophisticated interiors include over-height ceilings, trendy wide-plank engineered hardwood floors throughout living area and kitchen, 100% wool carpets in bedrooms, and hydronic baseboard heating system
Gourmet kitchens with engineered wood cabinetry, built-in floor-to-ceiling pantry wine rack and shelving, stainless steel appliances, stunning quartz countertops, polished full-height glass back splash, and convenient under-counter recycling system
Spa-like baths with floating wood veneer vanities, marble countertops, oversized limestone flooring and walk-in shower in master ensuites, dual flush toilets and deep soaker tubs.
Conforms to Feng Shui principals and REAP (Residential Environmental Assessment Program) gold standards
Green features include rain water harvesting for use in toilets and gardens, low impact green roof with vegetation, and open-air circulation corridors.
First class amenities: Residential lounge with bar, enclosed study room, pool table with views to the courtyard, underground parking, storage lockers and bike storage
Steps to University Hill Secondary School (U-Hill) and the University of British Columbia (UBC)
Floorplans available here
Expected Completion: September 2012
Architects: Perkins & Will Architects Co
Developer: Modern Green Developments Ltd

For more information, visit the Yu Living presentation centre at 5898 Gray Avenue, Vancouver, BC. Additional information is also available at yuliving.com. If I could assist you in anyway, please feel free to call 604.612.6120 anytime!

Have A Green Halloween With These 5 Easy Eco-Friendly Tips!

Jeff Fitzpatrick — Fri, 14 Oct 2011 13:45:23 -0700

Halloween is spooky by nature, but it doesn’t have to be a scary time for Mother Nature! These days, it’s all about going green. So why not incorporate a little more green into your Halloween? Here are easy 5 tips to get you started!

1.    Skip the Plastic and Paper Bags
With so many stores handing out reusable bags, there’s no need to use paper or plastic for hauling all those goodies home. Not only are cloth and canvas bag environmentally friendly, but they’re kid-friendly too! Don’t have any reusable bags lying around? Use a pillowcase or purchase blank canvas bags and some paint, and let the little ones go wild!

2.    Mr. Jack-O-Lantern
Support your local farmers by purchasing your pumpkins from a local pumpkin patch. There are plenty in and around Vancouver (just Google)! This would make a great family outing and be extremely fun for the kids – they’ll want to go every year! After carving your pumpkins, don’t throw out the seeds. Clean, salt and roast them for a real treat! And when it’s all said and done, don’t forget to recycle/compost old Jack!

3.    Use Candles and LED Lights
Candles flickering in the night add to the spooky feel of Halloween. This year, forget the lights and line your walkway with dimly lit Jack-O’-Lanterns. Be sure to use 100% beeswax or soy candles, which last longer, are renewable, and burn cleaner than regular candles. If you’re set on using lights as part of your decor, use LED lights. LED lights last 133 times longer and cost 80% less to use than incandescent lights.

4.    Halloween Decorations
Save money and the environment by reusing old decorations, purchasing from a second-hand store or borrowing from friends and family. Halloween decorations, like all holiday decor, should be a one-time purchase that you use every year. Keep the decorations properly stored and they’ll last you for years to come!

5.    Walk Instead of Drive
Instead of driving to other neighbourhoods for trick-or-treating, stick close to home and take the kids around your area. Walking from house-to-house reduces fuel consumption and air pollution, and you’ll probably bump into several neighbours and their kids, making it that much more fun! Better yet, plan ahead of time to trick-or-treat with several neighbours and their kids!

Collection 45: Mount Pleasant's Newest Condo Development

Jeff Fitzpatrick — Fri, 14 Oct 2011 13:23:14 -0700

Seeing black and white? So are we, with MYIE’s newest Vancouver development, Collection 45. This exclusive batch of 45 homes located just off Main Street features amazing city views, distinguished quality, and a striking contemporary black and white exterior. You’ll fall in love with everything this tight knit community has to offer. Walk to local cafes, trendy restaurants, yoga studios, ma and pa shops, the Mount Pleasant Community Centre, VPL, transit and so much more!

125 E. 8^th Avenue (and Main Street)
Six storey mixed-use building with commercial units on the ground floor, 45 residential suites on floors 2-6, and one level of secured underground parking
Yoga studio, spa and amenities lounge!
Developer: Richmond based Mo Yeung International Enterprise Limited (MYIE). Same developers that built Brillia in West Point Grey.
Architects: gBL Architects

Register at collection45.com for the latest information and updates on Collection 45, Mount Pleasant’s newest condo development! If you have any questions or comments about this new Vancouver development, please feel free to contact us anytime!

October Vancouver Market Insights

Jeff Fitzpatrick — Fri, 14 Oct 2011 11:22:45 -0700

In contrast to the statistics for the entire region showcasing a movement into a pronounced buyer’s market, the west and east side of Vancouver have demonstrated a somewhat spotting transition into the fall. While well priced properties continue to drive the market forward, some properties continue to linger. This lingering effect has not yet produced an oversupply but has punctuated Buyer’s reluctance to jump in without careful consideration.

We would normally expect the conditions at this time to be akin to the spring, where activity levels jump and overall market excitement begins to peek. Certainly, the single family category continues to realize strong appeal, and it’s not uncommon to see multiple offers. The condo market, mind you, is more tempered. As we move into the full swing of the fall market, balance and price sensitivity will likely be recurring themes as the global economy begins to gain strength again.

If you or someone you know is contemplating entering the market as a Buyer or Seller, call 604.612.6120 today! The best outcome is determined not by luck, but by well executed planning, I'll be honoured to help.

Kindest regards,

The Flats at 219 Georgia East: A New Edition to Historic Chinatown

Jeff Fitzpatrick — Tue, 11 Oct 2011 13:40:59 -0700

A unique nine storey mid-rise consisting of 28 urban flats is coming to historic Chinatown. This new Panther Constructors development will be steps to fresh grocers, trendy hangouts like The Keefer Bar and Fortune Sound Club, and some of Vancouver’s best eateries including Phnom Penh, the restaurant known for having THE best chicken wings in the city (definitely a must try)! Functional layouts, clean lines with modern fixtures and finishes, the latest technology, and a bold charcoal and gold exterior separate The Flats at 219 Georgia East from the rest!

219 East Georgia Street (and Main Street)
Priced starting from $269,900 and ranging from 530-1330 square feet
9 storey mixed-use building with one commercial unit on the ground floor and 28 residential units on the 2nd to 9th floor
3 off-street parking spaces for residential use and 1 space for a co-op car
Rooftop terrace/lounge and bicycle tuning room
Scheduled to complete this year, 2011
Developers: Panther Constructors Limited
Architects: Birmingham & Wood

If you have questions about this new Vancouver development, I’d be happy to help! Please feel free to contact me anytime at 604.612.6120!

Granville Mews: A Boutique Collection of 35 Luxury Homes in Vancouver's Most Prestigious Westside Neighbourhood

Jeff Fitzpatrick — Tue, 11 Oct 2011 13:18:09 -0700

A boutique collection of 35 luxury homes is coming soon to Vancouver’s most prestigious Westside neighbourhood. The seven buildings forming Granville Mews has been designed by award-winning Formwerks to fit right into the neighbourhood. Inspired by the nearby Trinity Baptist Church, the buildings will feature robust wood detailing, quarry stone, and original old stonework which all add to the historic feel of the residences. These luxury two, three and four bedroom town & garden homes start from $1.1 million and are now selling!

6708-6776 Granville Street (and 52nd Avenue)
35 luxury two, three (plus den), and four bedroom homes in seven buildings
Homes range from 1518 – 2131 square feet and are complete with private patios!
Terrific open plan layout, over-height 9’ ceilings and rich oak flooring in the main living areas
Gourmet kitchens with high end Fisher Paykel Fridge and Bosch appliances, double stainless steel sinks, casual eating bars on peninsulas or island (depending on floorplan), elegant cabinetry with glass accent doors, and recessed and under-cabinet lighting
Spa-like baths with deep soaker tubs, spacious showers, water-saving dual-flush toilets, and custom vanities surrounded by granite, marble or Caesar stone countertops
Gorgeous landscaped walkways and expansive 60 foot wide courtyard complete with centre fountain, seating area, children’s play area and community garden plots with greenhouse and tool shed
Developers: Granville Westside Developments Ltd
Architects: Formwerks Architectural Inc.

For more information on this new development, visit granvillemews.com or the presentation centre & display home located at 6700 Granville Street. If you have any questions or would like help finding the perfect home, please feel free to call 604.612.6120 anytime!

Clever Spaces, Thoughtful Design and Smart Living at The Werks on 7th Avenue

Jeff Fitzpatrick — Thu, 06 Oct 2011 13:42:47 -0700

The Werks, an 8 storey concrete development with 20 customized apartments is coming soon to the vibrant Cambie Street Village neighbourhood. It’s amazing location – steps to Whole Foods, the Canada Line Skytrain station, fabulous restaurants and shops – and creative living spaces designed with today’s owner in mind, are what make these condos so compelling! With richly landscaped courtyards and inviting decks, you’ll never want to leave home!

555 W. 7th Avenue (between Ash and Cambie Street)
20 customized suites ranging from 450 to 1,666 square feet (one, two and three-bedroom units)
Priced from $326,250 to $1,499,400
Sleek gourmet kitchens with GE stainless steel appliances and double bowl sink, gorgeous quartz countertops, porcelain tile flooring and backsplash and self closing doors and drawers!
Spa-like baths with floating vanity and mirror, under-cabinet motion lights, chrome faucets/accessories and natural quartz countertops
Energy saving double glazed windows and patio doors
Hot water heat and convenient baseboard heating
Pre-wired for cable/telephone/networking
20 year warranty on concrete rainscreen and flat roof, and 2-5-10 home warranty!
Secured and brightly lit underground parking
Currently under construction; completion Winter/Spring 2013
Download: Floorplans and Feature Sheet
Development Management: Thomas Ivanore
Architect: Matthew Cheng Architect
Interior Design: Square One Interiors

For more information on this boutique condo development, visit www.thewerks.ca. If you have any questions or comments, please feel free to contact me anytime at 604.612.6120!

REBGV: Home Listings Continue to Rise in the Greater Vancouver Housing Market

Jeff Fitzpatrick — Wed, 05 Oct 2011 14:07:35 -0700

VANCOUVER, BC - Consistent increases in property listings and fewer home sales over the summer months has helped move the Greater Vancouver housing market into the upper end of a buyers’ market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,246 in September, a 1.2 per cent increase compared to the 2,220 sales in September 2010. Those sales also rank as the third lowest total for September over the last 10 years.

“There's more competition amongst home sellers in today's market, providing more options for prospective buyers," Rosario Setticasi, REBGV president said."Buyers now have more properties to choose from and more time to make decisions compared to the spring season.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,680 in September, the third highest volume for September in 17 years. This represents a 20.1 per cent increase compared to September 2010 when 4,731 properties were listed for sale on the MLS® and a 21.2 per cent increase compared to the 4,685 new listings reported in August 2011.

The number of properties listed for sale on the Greater Vancouver MLS® system has increased each month since the beginning of the year. At 16,085, the total number of residential property listings on the MLS® increased 4.6 per cent in September compared to August 2011 and rose 4.4 per cent compared to this time last year.

“Our sales-to-active-listing ratio currently sits at 14 per cent, which is the lowest it’s been this year. Generally analysts say that a buyer’s market takes shape when the ratio dips to about 12 to 14%, or lower, for a sustained period of time,” Setticasi said.

The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 8.8 per cent to $627,994 in September 2011 from $577,174 in September 2010.

Since reaching a peak in June of $630,921, the benchmark price for all residential properties in the region has declined 0.5 per cent.

Sales of detached properties on the MLS® in September 2011 reached 957, an increase of 10.5 per cent from the 866 detached sales recorded in September 2010, and a 32.8 per cent decrease from the 1,423 units sold in September 2009. The benchmark price for detached properties increased 13.4 per cent from September 2010 to $896,701.

Sales of apartment properties reached 922 in September 2011, a 5 per cent decrease compared to the 971 sales in September 2010, and a decrease of 38.1 per cent compared to the 1,489 sales in September 2009. The benchmark price of an apartment property increased 4.4 per cent from September 2010 to $405,569.

Attached property sales in September 2011 totalled 367, a 4.2 per cent decrease compared to the 383 sales in September 2010, and a 43.3 per cent decrease from the 647 attached properties sold in September 2009. The benchmark price of an attached unit increased 5.4 per cent between September 2010 and 2011 to $516,697.

Statistics from REBGV

Boutique East Side Living at Fraser & 27th

Jeff Fitzpatrick — Thu, 29 Sep 2011 09:20:59 -0700

A boutique 20 unit low-rise is quickly taking shape on the corner of Fraser and 27th in East Vancouver. This 4 storey NOW development (New Original Works) is centered in the up-and-coming multicultural Fraser Street neighbourhood and is truly in the center of it all!

Not only will you be steps to amazing ethnic eateries, independent boutiques, and locally owned businesses, you’ll also have unobstructed views of the North Shore mountains and the Downtown core, which by the way, is only a 12 minute drive away! Starting from only $279,900, Fraser & 27th is perfect for the first-time buyer or even the most discerning investor. First release scheduled for this fall!

4283 Fraser Street (and E. 27^th Avenue)
Mixed use development with 18 residential suites and 2 commercial units
Situated on a gently sloping lot, allowing for uninterrupted panoramic views
Homes range from 475 to 695 sq. ft. and are complete with in-suite laundry and outdoor living space
Oversized bicycle storage allowing for 3 bikes per condo
On site car sharing program minimizes the need for owners to have a car/parking stall
Walk and bike everywhere! Eclectic restaurants, local bakeries, boutique cafes, fresh grocers, bistros, Main Street shopping, and transit all at your door step!
Floorplans available here
Architect: Cornerstone Architecture
Developer: NOW (New Original Works)

Visit nowdevelopments.com and register for the latest news and updates! If you have any questions about this new East Vancouver condo development, please call 604.612.6120 anytime!

Views from Northern Suites

Sequel 138: A DTES Artist and Housing Project

Jeff Fitzpatrick — Wed, 21 Sep 2011 09:06:00 -0700

An arts and affordable entry-level housing development will be replacing the historic Pantages Theatre (and several other adjacent properties) on the 100 block of East Hastings. The old Pantage Theatre, which was deemed unsalvageable by several engineer's reports, has been demolished and in its place, Sequel 138 will rise. Rumour has it that this Sequel 138 Development Corp condo will be priced starting from $227,000.

100 block of East Hastings Street
6 storey residential building with 13,000 sq. ft. of retail for 12 commercial units on the ground floor, including a 2,500 sq. ft. art studio for residents and the community
Total of 97 residential units divided between 18 social housing units and 79 affordable one bedroom suites
All homes have minimum 9’ ceilings and are 450 sq. ft., with the exception of four units at 717 sq. ft.
One level of secured underground parking with 43 stalls
A breezeway connecting Pender and Hastings
Developer: Sequel 138 Development Corp
Architect: Studio One Architects

Visit sequel138.com and register to receive the latest news and updates. We've been told that the Sequel 138 presentation centre will be opening very soon in the International Village (aka Tinseltown)! Keep your eyes and ears open!

Affordable Housing at 21 Doors by The Salient Group

Jeff Fitzpatrick — Tue, 20 Sep 2011 13:33:29 -0700

The Salient Group will be giving a 4 storey, 1980s building a much needed face-lift and renaming it 21 Doors (can you guess how many units are in this development?). Although not the first to attempt resurrection of this bank-owned Downtown Eastside building, Robert Fung, President of The Salient Group, is determined to turn it into affordable housing that will attract “people who work in the area and understand the neighbourhood and aren’t there because they are expecting it to change.”

Interior Courtyard of 21 Doors. Photo courtesy of The Globe and Mail.

If you already find yourself hanging out in this neighbourhood, drinking lattes while working on your laptop in Nelson the Seagull or stopping by the newly renovated Save-On-Meats (which by the way, will be featured on the Food Network's hit show, Diners, Drive-ins and Dives) for lunch, 21 Doors may be just the place for you! Units start selling October 15th, 2011 and construction is expected to be complete by November of this year!

370 Carrall Street (at West Hastings)
Existing 4 storey 1980’s building with ground floor retail and three residential levels
Using and maintaining the existing solid concrete and steel construction building; interiors gutted and reworked.
Wide open contemporary floorplans with views of the interior L-shaped courtyard and street
Priced from $209,900 for the smallest studio and up to around $380,000 for two bedroom units.
Situated on the edge of Vancouver’s trendiest areas near charming galleries, boutiques, and popular eateries.

For the latest news and updates on The Salient Group's 21 Doors condo development, register here! If you have any questions about this “new” Vancouver development, feel free to call anytime!