Thursday, November 8, 2012

BLOCK 100 by ONNI - New Development in False Creek South


Block 100 Condos

Modern Design. Optimum Value. A World Class Community. The new Southeast False Creek Vancouver Block 100 Condos is a new Onni development that will be positioned centrally on the 100 block of East 1st Avenue between Quebec Street and Main Street. Block 100 is a new community located in the Southeast False Creek district, one of the city’s newest and most exciting neighbourhoods.
The preconstruction Vancouver Block 100 Condos by Onni will be launching Fall 2012. Southeast False Creek Vancouver real estate starting from just $268,900, so take advantage of this ground level opportunity as a first time homebuyer or investor! Just 1 minute from the Seawall/waterfront, 2 minutes from the brand new Urban Fare and three minutes from the SkyTrain route that connects you to all places in the Lower Mainland, the False Creek Vancouver Block 100 Condos by Onni is the perfectly situated development that you must see to believe!

FACT SHEET

Buyer incentives for a limited time:
  • Studio/1 bedroom/ 1 bedroom +den - $5,000 off
  • 1 bedroom townhomes - $7,500 off
  • 2 bedrooms - $10,000 off
Estimated completion: Late 2015/ Early 2016
Deposit: Total of 20% down:
  • 5% at offer
  • 5% 60 days after acceptance
  • 5% 10 days from BP
  • 5% 180 days from BP
Strata Fees: $0.37/sf
Architecture: Designed by Chris Dikeakos Architecture Block 100 is comprised of three concrete buildings; Quebec Block at 15-storeys, Central Block at 5 storeys with townhomes at grade, and Main Block at 10-storeys with retail at grade.
PRICING
TYPE
SIZE RANGE
STARTING FROM
STUDIO
445 - 510 SF
$268,900
1 BEDROOM
545 - 1040 SF
$344,900
1 BEDROOM TOWNHOMES
720 - 765 SF
$507,900
2 BEDROOM
820 - 1135 SF
$534,900




Contact Sanjin Cvetkovic directly for more information at 604-771-6415 or sanjin.cvetkovic@century21.ca 

Saturday, November 3, 2012

Housing market sees slight changes in October

The Greater Vancouver housing market saw a slight increase in the number of home sales, a slight reduction in the number of listings, and a slight decrease in home prices in October compared to the summer months. With those changes, the sales-to-active-listings ratio increased to 11 per cent in October from 8 per cent in September.

The Real Estate Board of Greater Vancouver (REBGV) reported 1,931 residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) in October, a 16.7 per cent decline compared to the 2,317 sales in October 2011 and a 27.4 per cent increase compared to the 1,516 home sales in September 2012.

October sales were 28.5 per cent below the 10-year October sales average of 2,700.
“Buyer demand increased slightly in October compared to the previous few months,” Sandra Wyant, REBGV president-elect said. “Overall conditions in today’s market remain in favour of buyers, with low interest rates, more choice, and less time pressure in terms of decision-making. This translates into a calmer atmosphere for those looking to buy a home and it places more onus on sellers to ensure their homes are priced to compete in today’s marketplace.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,323 in October. This represents a 1.2 per cent decline compared to October 2011 when 4,374 properties were listed for sale on the MLS® and an 18.8 per cent decline compared to the 5,321 new listings in September 2012.

At 17,370, the total number of residential property listings on the MLS® increased 12 per cent from this time last year and declined 5.3 per cent compared to September 2012.
Since reaching a peak of $625,100 in May, the MLS Home Price Index® (MLS HPI®) composite benchmark price for all residential properties in Greater Vancouver declined 3.4 per cent to $603,800 in October. This represents a 0.8 per cent decline compared to last year.

“There’ve been modest price changes since they peaked in the spring. The largest reductions have occurred in the areas and property types that experienced the biggest price increases over the last few years,” Wyant said.

Since hitting a record high in April, the benchmark price of a detached home on the Westside of Vancouver has declined 8.6 per cent while detached homes in Richmond and West Vancouver have seen declines of 6 per cent over the same time period.

Sales of detached properties in Greater Vancouver reached 790 in October, a decrease of 18.9 per cent from the 974 detached sales recorded in October 2011, and a 19.1 per cent decrease from the 976 units sold in October 2010. Since reaching a peak in May, the benchmark price for a detached property in Greater Vancouver has declined 4.1 per cent to $927,500.

Sales of apartment properties reached 803 in October 2012, a 16.2 per cent decrease compared to the 958 sales in October 2011, and a decrease of 18.4 per cent compared to the 984 sales in October 2010. Since reaching a peak in May, the benchmark price for an apartment property in Greater Vancouver has declined 2.9 per cent to $368,800.

Attached property sales in October 2012 totalled 338, an 11.5 per cent decrease compared to the 382 sales in October 2011, and a 10.3 per cent decrease from the 377 attached properties sold in October 2010. Since reaching a peak in April, the benchmark price for an attached property in Greater Vancouver has declined 2.9 per cent to $457,700.

Monday, October 29, 2012

The Future of Downtown South

CLICK ON IMAGE TO ZOOM

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:

  • 7 new mixed use buildings.

  • Sidewalk extensions to promote future outdoor cafĂ© and restaurant patios.

  • Improvements to pedestrian areas will mean you can walk to the seawall in minutes.

  • Proposals to innovative cycling amenities include bike parking and potentially repair services.

  • A small, four story office building with new shopping and services on the street.

  • Removal of the “Granville Loops”, curving on-ramps and off-ramps that transfer traffic to and from Pacific Boulevard.

>This will increase the current density and soon hundreds of new residents and commercial tenants will call Downtown South home.

Friday, September 28, 2012

World’s skinniest home: at 47 inches wide

Construction has started for a 47-inch-wide Polish house that takes the term “hole-in-the-wall” to another, skinnier level.



It was reported before on the world’s narrowest house, located in a crack between two buildings in Warsaw, which measures about four feet at its broadest and 27 inches at its slimmest. This architectural equivalent of a corset was designed by Centrala’s Jakub Szczesny for Israeli writer Etgar Keret, who will live and work there when it opens mid-October.


Artists and thinkers — hopefully, the non-claustrophobic kind — will stay at the so-called Keret House when its titular occupant isn’t there. Electricity will be provided by nearby buildings; the 150-square-foot house will have a bed, desk, kitchen, shower and an independent, boat-inspired water and sewage system, as well as remote-controlled stairs that can flatten against a wall when not in use. We’re sure that the house would put anyone in a working state of mind, since the frame basically looks like a file folder, and the steel exterior resembles an Apple-designed pill.


Pictures below, courtesy of Centrala:






Thursday, August 16, 2012

Checklist for condo landlord

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.

Tuesday, June 26, 2012

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.

NEIGHBOURHOOD

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.

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.


Tuesday, April 24, 2012

The Smart Buyer and Seller Market Report - SnapStatsTM

SnapStats™, is a complementary monthly statistical report emailed to you FREE of charge that will educate you on the following:

  • What the official market type is for individual price ranges. Is it a buyers, sellers or balanced market?
  • What the official market type is for individual neighbourhoods.
  • What the odds are of a home selling today. (1 in 10? 1 in 100?)
  • The past twelve month trends for sale prices, active listings and number of sales.

SnapStats™ will educate you about opportunities of current inventory levels, prices and official market types today so that you can capitalize on these markets tomorrow.

Once you sign up, you will receive your first customized SnapStats report within three business days from us.

View a sample report below

For more information and to sign up please visit vancouver-properties.ca

Friday, April 20, 2012

Two new proposed developments in Chinatown

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.

189 KEEFER

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. 

 

611 MAIN

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?

Thursday, April 12, 2012

FULL-SERVICE MARKETING FOR YOUR HOME

Untitled Document

Did you know each year, more potential buyers begin their search for real estate on the Internet? This makes it critical for your home to be easily accessible online and stand out from other listings. Century21.ca and Vancouver-Properties.ca provide its visitors the most powerful real estate search tools available online, attracting over one million visits each month. With this enormous competitive advantage, I am confident that listing your home through me and featuring it on my website and also using Print and Direct mail, will help your home sell quickly for the best possible price.

QUALITY MAGAZINE

Eye-catching graphics and detailed property descriptions make magazines like Homes & Land, Real Estate Book, Homes & Design popular choice for marketing of luxury homes and condos. (some conditions apply)

MOBILE DEVICES & SOCIAL MEDIA TOOLS

Century21.ca and Vancouver-Properties.ca are mobile enabled, so homebuyers can access your property information no matter how they search. In addition, we are able to use social media and the latest technology to market your home through Facebook, YouTube, Twitter and QR codes.

ALL OVER THE WORLD WIDE WEB

We post your property on Century21.ca, vancouver-properties.ca, realestatechannel.ca, craigslist, kijiji, asmallworld.com etc. In addition, we create Photo Tour and HD video Tour of your home because listings with virtual tours are more likely to be viewd by serious homebuyers.

TARGETED DIRECT MAIL

Your property information flyer is sent to qualified prospects that are actively buying and selling real estate, neighboring areas and buildings.

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.

Sincerely,

Sanjin Cvetkovic
604.771.6415
www.century21.ca/sanjin.cvetkovic

Monday, April 2, 2012

New strata property regulations introduced

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

 Depreciation reports help strata corporations plan for future repair and maintenance costs. Under the new regulations, the report will contain:

  • A physical inventory of the common property including building systems.
  • Anticipated maintenance, repair and replacement costs for common expenses projected over 30 years.
  • A financial forecasting section that contains at least three cash flow funding models for the contingency reserve fund (CRF).

What has changed:

  • Like other provinces, depreciation reports are now mandatory unless the strata corporation exempts themselves through an annual ¾ vote. Strata corporations with less than five units are also exempt. Updates will be required every three years and include an onsite inspection.

Benefits:

  • Strata owners will be better-informed to assist with prudent management of their common property. The report will help owners determine how repairs will be funded and the amount that could be contributed to the CRF. The most recent report will also be provided to potential purchasers.

Effective Date:

  • Immediately. However, strata corporations have two years to comply with the new requirements.

 

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:

  • Previously, an annual ¾ vote was required to make contributions to the reserve fund if it already exceeded 100 per cent of the annual operating expenses. Strata owners may now make any additional contributions, above 25 per cent of the annual operating expenses, to the CRF, by simple majority vote as part of the budgeting process at the annual general meeting.

Benefits:

  • Will give strata corporations’ additional flexibility in how they choose to contribute to their contingency reserve fund.

Effective Date:

  • Immediately.

 

Form B

 The Information Certificate (Form B) discloses information to owners and purchasers about the strata corporation and the strata lot. 

What has changed:

  • The Form B has been slightly revised to better inform strata councils and prospective purchasers that the act requires strata corporation rules, Form J (the rental disclosure statement), the current budget and the most recent depreciation report (if any) to be attached to the Form B. (These changes will take effect March 1, 2012, although strata corporations can choose to use the revised form before that date.)
  • The Form B will better identify how parking and storage lockers are allocated to strata property lots. (These changes to take effect Jan. 1, 2014, although strata corporations can choose to use the revised form before that date).

Benefits:

  • Provides better disclosure to new strata owners.

Effective Date:

  • March 1, 2012 for the new Form B listing, noting the required attachments: rules, Form J, the current budget and the most recent depreciation report (if any) to the Form B.
  • Jan. 1, 2014 for the changes related to parking and storage information. This two-year transition period gives strata corporations time to implement and is based on the public consultation.

Saturday, March 31, 2012

New proposed development at 1412-1460 Howe Street, 1410 and 1429 Granville Street, and 710 Pacific Street

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:

  • on the Howe Street sites, a 49-storey residential tower with a 9-storey podium including market rental housing, commercial uses, and a childcare facility
  • on the Granville Street and Pacific Street sites, 6-storey buildings providing retail (including a grocery store, drugstore and liquor store) and office uses
  • a proposed floor space ratio (FSR) of 4.8 (i.e. the total building floor area permitted would be equal to 4.8 times the site area)
  • a total floor area of 60 668 m² (653,046 sq. ft.)
    • 39 464 m²(424,800.9 sq. ft.) strata residential
    • 6 340 m² (68,245.4 sq. ft.) rental residential
    • 6 300 m² (67,814.9 sq. ft.) retail
    • 5 935 m² (63,885.9 sq. ft.) office space, and
    • 650 m² (6,996.8 sq. ft.) childcare
  • a maximum height of 150 m (the General Policy for Higher Buildings has identified this site as a location for a higher building);
  • a total of 600 residential units including 180 market rental units; and 713 parking spaces, 8 loading bays, and 270 bike spaces.

Application (January 31, 2012)