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.