Block 100 Condos
Deposit: Total of 20% down:
- 5% at offer
- 5% 60 days after acceptance
|1 BEDROOM TOWNHOMES|
|1 BEDROOM TOWNHOMES|
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The city of Vancouver is working with experienced developers to transform downtown south into an evolving urban village that incorporates a greater use of public spaces, design and architecture.
The whole area will be changing, where current buildings, uses and roadways will undergo a transformation in favor of establishing vibrant, stylish and people-friendly streets. The plans include a new road system to improve walking and biking access to the waterfront and seawall, ease the traffic commute and a new vibrant commercial hub along Pacific Boulevard.
Some of the changes are:
>This will increase the current density and soon hundreds of new residents and commercial tenants will call Downtown South home.
Renting out your condo isn't as simple as placing an ad. There are very real liability and insurance considerations that can and often do crop up. Here are the top eight ways to protect yourself.
1) Do you have tenant insurance? If the tenant leaves the tub running and it overflows and causes damage to the unit below/beside your unit, who pays for the damages? Did your tenant start the fire that damaged other units and common areas? Who pays for it? Sure the tenant may be legally responsible, but who will the other unit owners or the condo corp. turn to sue or write the cheque? You, the unit owner. If a tenant had significant financial resources, would they be a tenant? Don’t be cheap, protect yourself, talk to your insurance broker.
2) Don't lien on me. Are you aware that if a tenant causes any damage to common elements, or other units, the condo corporation can register a lien against your unit for payment of any amount? Are you aware that the condo lien takes priority over everything except property taxes? Are you aware the lien registered by the condo corporation can be considered a default by a mortgagee and the mortgagee may then commence legal action against you?
3) Check condo by-laws before doing any rental. Some condo by-laws do not allow for short term rentals (one week to 51 weeks).
4 )Did you do a credit check on your tenant or have them print a copy of their own to give you? Did you ask for and check out current and past employment? Did you ask, get and verify two /three personal references? At least one relative and one long term “friend.” Get their names, addresses, phone numbers and email addresses and verify them before you agree to rent the unit. Google tenants 1) name 2) former address 3) employment. What comes up?
5) Get the tenant’s e-mail address(es) & then agree in writing that they will keep you advised of changes of their email address and that you may communicate with them via email.
6) Did you give the tenant a copy of the condo by-laws & have them sign an acknowledgement of receipt? In Ontario this is a requirement under the Condominium Act. Did you advise them in writing that you would advise them by email of any changes to the by-laws? Did you follow up, by sending the changes in a reasonable time? Tenants must follow the condo rules the same as an occupying owner.
7) Do not rent out individually key-locked bedrooms rooms, like in a boarding house. It is probably a violation of the condo by-laws, municipal zoning and the fire code. Do not allow your tenants to sublet rooms in this manner. Well-run condo corps will inspect units once a year, or find a reason to inspect suspicious units (building/fire inspection).
8) Putting good tenants in your condo rental units is a good long-term investment. Tenants who cause excess wear & tear/damages to a building are a cause of increased condo maintenance fees. Higher condo fees impact the marketability of units & impact the value of the unit.
Located at Harwood and Burrard in Vancouver's sought after West End, Modern will redefine practical and sophisticated living with an exclusive collection of 118 residences.
Ranging from intimate 1 bedroom homes starting in the mid $300's to exclusive two level penthouses, all homes will include 1 parking stall, in-suite air conditioning, high-end stainless steel appliances and contemporary finishes by award-winning Portico Design.
Secure, sustainable, and technology-ready, MODERN provides not only for your peace of mind, but your comfort and lifestyle. Conveniences such as an exercise facility, multi-purpose room, and landscaped courtyard with garden plots and children’s play area make MODERN living easy and enjoyable.
Inside your suite you’ll find simple luxuries such as in-suite air conditioning, polished stone slab countertops, and high- end stainless steel appliances—in your choice of colour schemes envisioned by an award-winning design group.
Located in one of Vancouver’s oldest and most established neighbourhoods, the West End isn’t just charming—it’s also convenient.
Whether you’re in the mood for the friendly buzz of Davie Village, the calming influence of the sea, or the indulgent fun of Robson Street, the West End offers a taste of everything.
Walkable, livable, and truly neighbourly, home has never been easier to love.
FOR MORE INFORMATION OR THE GET A FIRST PICK AT BUYING IN THIS PROJECT, PLEASE CALL ME DIRECTLY AT 604-771-6415
New mortgage rules may further expose Canada’s condo market to foreign investors, as domestic buyers are forced to bow out of already-pricey urban markets, say critics.
International investors captivated by condo markets in Toronto and Vancouver may be the last to complain about new, tighter mortgage rules that could block first-time homebuyers from accessing starter condos, say analysts.
Those foreign buyers are often making their purchases with more than 20 per cent down, and well outside of the influence of the government’s tighter rules on maximum amortization, soon to be reduced to 25 years from the current 30.
That’s quite opposite to Canadian first-time buyers, largely dependent on that default insurance in order to limit their down payments to 5 per cent.
It’s likely that those frustrated buyers will increase the rental pool for new condo construction in Toronto and Vancouver, even if their departure from the purchase market lowers prices by as much as 5 per cent in the short term.
Foreign investor show little sign of backing away from the Canadian market, even with that correction.
According to a report, both Vancouver and Toronto are forecast to be this year`s most popular destinations for Chinese overseas property investment.
"Buying sentiment for overseas properties among Chinese mainland investors has been gaining strong momentum over the past few years," said Derek Lai, director of international properties for Colliers International real estate services -- the author of the report. "To date, about 20 percent to 40 percent of the foreign property investors in these ... destinations are from the Chinese mainland."
The report goes on to cite Vancouver`s Chinese population -- what it pegs as 30 percent of city residents -- as one of the driving factors for that investment choice.
Mainland Chinese investors are also lured by the Lower Mainland`s educational opportunities and proximity to home, according to Colliers.
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Vancouver’s Chinatown is going through a change, a change for the good. Two proposed project on opposite corners of Keefer and Main street: 189 Keefer and 611 Main street.
The 189 Keefer proposal is one of a handful of important projects going on in the neighbourhood. The building, located at Main and Keefer will be 10 floors tall containing 81 residential units and retail at grade. The developer for the project is Solterra and architect is Raffi.
In order to preserve character both developers and architects need to add elements of the neighbourhood into their developments in Chinatonwn.
The proposal is for a 17-storey mixed-use commercial and residential development with an underground parking garage. The proposed development is comprised of 9,225.9 sq. ft. (875.1 sq. m) of ground floor retail, 16 floors of residential with 26 units of seniors housing and 145 units of market housing, and 1,828.9 sq. ft. (169.9 sq. m) of amenity space. The proposal will include 76 parking stalls, two loading spaces (Class B), and 215 bicycle stalls.
At 17 floors, this residential tower by Westbank (developers of the fine Woodward’s towers in Gastown) almost approved by the city. Once complete it will be the tallest tower under the city’s new height guidelines for Chinatown. The tower will be located at Main and Keefer.
Designed by W.T. Leung Architects, the building ties in nicely with the neighbourhood. The 7 floor brick podium on Main street is quite impressive and the additional floors will be set back, thus allowing a more human scale to take form at street level.
What do you think about these proposed development?
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I would love the opportunity to meet with you to demonstrate how the technologies offered by CENTURY 21 can help promote your home and sell more quickly. If you are interested in learning more about the ways in which I can help, please give me a call. I would be happy to assist you.
I look forward to hearing from you.
New regulations under the Strata Property Act that improve accountability in strata corporations have been introduced that will support the more than one million strata property owners and residents in the province.
The new rules were developed after extensive consultations with the strata community including strata lot owners, strata associations, legal experts and professionals. The consultation also included an online public survey in February 2011 that attracted over 1,800 participants, many of whom provided additional comments that helped refine the final regulations.
The majority of new housing starts in recent years have been stratas. Strata properties already make up more than half of the taxable properties in a dozen British Columbia municipalities. The prevalence of stratas will continue to grow as the province’s population expands and urban densification increases.
The Strata Property Act and regulations are used directly on a regular basis by members of the public. Regulations with respect to audited financial statements are expected to be introduced next year.
A guide to the new regulations will be published early in 2012 to give strata owners and corporations an opportunity to learn more about the new rules before they are required to comply.
Key highlights of the new regulations
Depreciation reports help strata corporations plan for future repair and maintenance costs. Under the new regulations, the report will contain:
What has changed:
Contingency Reserve Funds (CRF)
Strata corporations have a contingency reserve fund to help pay for expenses that usually occur less often than once a year, such as maintenance and repairs on common property.
What has changed:
The Information Certificate (Form B) discloses information to owners and purchasers about the strata corporation and the strata lot.
What has changed:
The City has received an application to rezone the sites at 1412-1460 Howe Street, 1429 and 1410 Granville Street, and 710 Pacific Street from BCPED (B.C. Place/Expo) and FCCDD (False Creek Comprehensive Development) Districts to CD-1 (Comprehensive Development) District. The proposal is for a mixed-use development as follows:
Application (January 31, 2012)