I stand by what I said in a previous prediction on the Olympics and Vancouver Real Estate that there will be minimal transactions in Downtown Vancouver and surrounding areas because of Olympic security measures. Right after the Olympics there will be a spike in activity from demand caused by all the Buyers who were unable to buy during the time the Olympics are on.
What are your thoughts?
Please feel free to leave a comment, question, or suggestion below! Thanks!
Open the Georgia Strait or any other local paper and you’ll notice advertisements for apartments and condos. Most of these places don’t yet exist. Why? Because they are pre-sales!
What is a Pre-Sale?
A pre-sale is when a Developer sells a Buyer a property before that property is built or completed. The Buyer purchasing the pre-sales is buying the right to a completed property that will be built in future. In the UK and elsewhere Pre-Sales are referred to as Off Plan Investments.
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Why do people buy Pre-Sales?
Pre-sales are popular with investors and other Buyers because it allows these Buyers to have the benefit of increasing prices without having to pay a mortgage, propert Continue Reading…
The The Mark by Onni Developments at 555 Pacific Street in Downtown Vancouver is releasing the upgraded “Private Collection” the 35th to 47th floors of the tower for sale as of May/June 2011.
Call 604-7633136 for more details!
Located at the corner of Seymour and Pacific Street right on the border of Yaletown and Downtown Vancouver, the Mark will be 47 stories and will have a 10,000sf Wellness Centre. The building will be fully air conditioned. Onni will also be going for LEED Gold Certification, which is great from a sustainability perspective.
Expect a 20% deposit to be paid over several months and a completion for Fall 2012. All of these details are subject to change without notice.
Miss Carlos n’ Buds? This development is on the former site of this Vancouver culinary and entertainment institution!
Feel free to drop me a line if you have any questions. Thanks!