Read on....
A 55-unit, six-storey residential building is proposed for a land assembly near the Little Mountain development site.
The proposal, for which a rezoning application has been submitted, involves property from 4906 to 4970 Quebec St.
A 55-unit, six-storey residential building is proposed for a land assembly near the Little Mountain development site.
Read on...
A proposal for a five-story, mixed-use building at 4464 Dunbar St. will be reviewed by the City of Vancouver’s Urban Design Panel Oct. 3
Under the site’s existing C-2 zoning, the application is conditional, so while it may be allowed, a decision by the Development Permit Board is required. The Urban Design Panel advises city council and staff about development proposals or policies, including major development applications, rezoning applications or other projects of public interest.
IBI Architects, in conjunction with Qualex Landmark Ltd., is involved in the Dunbar project.
An open house about was held in the community on Sept. 20 and a decision on the permit is expected from the Development Permit Board on Nov. 26.
The site sits between West 28 and 29th streets and the plan is for 48 market strata units, 10,869 square feet of commercial area, a height of up to 52.9 feet, a total floor space area of 76,907 square feet, and two levels of underground parking with 129 parking spaces.
Everyday, as I peruse the listings on our industry MLS site, I am astonished at the terrible photos my colleagues choose to use to sell their clients home online! EVERYONE starts their home search online so first impressions are key.
The potential Buyer is looking at the features of your home - not your stuff. They want to see if your kitchen counter is marble or laminate. Put your dirty dishes, dish cloths, tea towels, rotting bananas, and jars of spices, lentils etc. away. They are very distracting in a photo. Instead, if you have a beautiful espresso machine, leave that out and add a simple bowl of crisp green apples.
Bathrooms should be immaculate, with all personal items away, brand new towels out, and toilet seat down!
Bedrooms - clothes away, beds made, closets tidy - no one wants to be hit in the head with a tennis racquet when they open a closet door.
Small floor mats in ANY room should be removed for photos - they look like small patches of color in photos - again very distracting. I could go on..... Easier to give me a call!
Once your home is listed online, go and look at the photos. Would you buy it based on what you see?!
Read on...
Property analysts are predicting that the Greater Vancouver real estate market will continue to cool.
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On September 18th, at one of the last meetings before the Vancouver civic election, there will be a public hearing held on plans to allow duplex zoning in almost every city neighbourhood.
This is a final move by Mayor Gregor Robertson to add even more density, and in the future, the new council will consider further density with fourplexes and townhomes.
Some believe that these new types of housing in current single detached home zoned areas will be unaffordable for most residents - especially on Vancouver's west side. Duplexes on the west side are selling in the $2,000,000 to $3,000,000 range.
Homes in Vancouver which are unoccupied for 6 full months of the year or more, will be subject to the 1% EMPTY HOMES TAX.
The tax is equal to 1% of the property's taxable assessed value in addition to the existing property tax and will be applied annually.
Who won't be subject to the tax?
Residences being used as a principal residence by the owner, a family member, a friend or any other person occupying with the permission of the owner but is not a tennant or sub tennant, will NOT be charged the tax.
Nor will properties that are rented long term (with a written tennancy agreement) for at least 30 days in a row for a minimum of 6 months in aggregate over the course of a year.
For greater detail and how this particular tax applies to you, it is always important to seek proper advice such as with an accountant or lawyer. More info also available at:
https://vancouver.ca/home-property-development/empty-homes-tax.aspx
Do you have a basement suite or a laneway house and you don't want long term tenants?
As of September 1st 2018, in Vancouver, you are permitted SHORT TERM RENTALS in principal residences only - the home where you live.
Anyone operating a short term rental must have a business licence and include it in all the listings.
The registration period to comply with the regulations ends after August 31st. After this date, you can still apply for a licence but all short term rentals listed without a licence will be fined $1000.
For more info go to vancouver.ca/short-term-rentals
July 2018
Typically, the real estate market will slow down in the summer months, with an increase slightly in mid - September and then take a slower turn as it approaches November. Below are the statistics for July 2018 in comparison to July 2017.
Detached Properties: One year Change
Total Active Listings 858 +6.3%
Sales 57 -23%
Days on Market Average 54 +50%
MLS HPI Benchmark Price $3,356,500 -8.4%
Condos:
Total Active Listings 1203 +20.2%
Sales 295 -25.5%
Days on Market Average 17 +52.9%What does all this mean?
In the detached home market on the west side of Vancouver, prices are down around 8% from last year, sales activity is down as well, and listings are up. All of this creates a BUYER'S MARKET - great time to BUY!
For condos, activity continues to be strong, with prices up, listing numbers up, but activity down in the summer months. It is a SELLER'S MARKET.
For townhomes, which is a small market on the west side, listings are up, sales slightly down but prices still on the rise. One reason for this is lack of supply and high demand, especially amonst the down sizing crowd. This is a BALANCED MARKET.
Historically, there is a bump in selling and buying activity in the 2nd and 3rd week of September, when the kids are all back at school and the adults have settled into their fall schedule.
NOW is the time to prepare your home to list in September.
1. Have a garage sale
2. Get some exterior painting done during the warm weather
3. Declutter
If you are not sure what tasks will enhance the presentation of your home, give me a call. Decluttering and staging are 2 of my talents and passions!
Summer time is typically slow for real estate in Vancouver, and Kitsilano is no different. Currently, there are 48 detached homes for sale, the lower end at $1,999,000, a 1927 home on a 33 x 110 lot and a 2305 sq. ft. home.
At the top end, as usual is Point Grey Road water front, with one property listed at $19,980,000.
There have been 4 sales in the last 30 days with a 25 x 120 lot with a house built in 1905 on it, selling for $1,400,000.
It is important to remember that in VANCOUVER, any home built pre - 1940 must be assessed for possibly having "character" or be checked for being on the Heritage list, as this will affect how or if you can make structural changes to the house or demolish it.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
