Monthly Archives: November 2016

Synchro by Bold – 29 West Coast Modern Presale Condos in Mount Pleasant

South elevation rendering of Synchro at 379 East Broadway.

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South elevation rendering of Synchro at 379 East Broadway.

At a Glance

  • 5-storey, mixed-use mid-rise
  • 29 1- & 2-bedroom residences
  • 3 ground floor retail space
  • 1 ground floor restaurant space
  • 38 underground parking spaces
  • direct access to bike routes & public transit
  • close to Main Street boutiques, cafes, restaurants
  • proximity to post-secondary schools
  • near Brewery Creek, Olympic Village, False Creek

Human-Centred Design
Introducing Bold Properties’ flagship collection of 29 West Coast modern homes in Mount Pleasant. Featuring an integrated system of smart home technologies – from wireless climate and lighting control to keyless entry – and a philosophy based on human-centred design, Synchro has been developed with quality of life at its heart. This is a rare, appointment-only opportunity to own in Bold Properties’ vision of the future of Mount Pleasant.

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With Synchro, enjoy an outstanding range of walkable options for your day-to-day shopping needs. Directly opposite, Kingsgate Mall offers grocery shopping, a drugstore, a liquor store, clothing stores, a bank, an optician, dentist, and a hair salon. Within a two-block radius of Main and Broadway, you’ll find an enviable variety of bustling multi-ethnic restaurants to enjoy a night out. With a bus stop and bicycle route literally outside your door, mobility options are unparalleled! Kick back at Dude Chilling Park, relax with a coffee at Kafka’s, fill your growler at Main Street Brewing, groove to live music at the Biltmore, or pick up a book from the local Vancouver Public Library branch. Experience urban life and human-centred design in synchronicity, in the heart of Mount Pleasant.

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October 2016 Real Estate Board of Greater Vancouver Statistics Package with Charts

Home sale and listing activity dip below historical averages in October

Reduced home sale and listing activity are changing market dynamics in communities across Metro Vancouver*.

Residential property sales in the region totalled 2,233 in October 2016, a 38.8 per cent decrease from the 3,646 sales recorded in October 2015 and a 0.9 per cent decrease compared to September 2016 when 2,253 homes sold.

Last month’s sales were 15 per cent below the 10-year October sales average.

“Changing market conditions compounded by a series of government interventions this year have put home buyers and sellers in a holding pattern,” Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said. “Potential buyers and sellers are taking a wait-and-see approach to try and better understand what these changes mean for them.”

New listings for detached, attached and apartment properties in Metro Vancouver totalled 3,981 in October 2016. This represents a decrease of 3.5 per cent compared to the 4,126 units listed in October 2015 and a 17 per cent decrease compared to September 2016 when 4,799 properties were listed.

Last month’s new listing count was 9.5 per cent below the region’s 10-year new listing average for the month.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 9,143, a 4.5 per cent decrease compared to October 2015 (9,569) and a 2.3 per cent decrease compared to September 2016 (9,354).

The sales-to-active listings ratio for October 2016 is 24.4 per cent. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“While sales are down across the different property types, it’s the detached market that’s seen the largest reduction in home buyer demand in recent months,” Morrison said. “It’s important to work with your local REALTOR® to help you navigate today’s changing trends.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $919,300. This represents a 24.8 per cent increase compared to October 2015 and a 0.8 per cent decline compared to September 2016.

Sales of detached properties in October 2016 reached 652, a decrease of 54.6 per cent from the 1,437 detached sales recorded in October 2015. The benchmark price for detached properties is $1,545,800. This represents a 28.9 per cent increase compared to October 2015 and a 1.4 per cent decrease compared to September 2016.

Sales of apartment properties reached 1,178 in October 2016, a decrease of 23.7 per cent compared to the 1,543 sales in October 2015.The benchmark price of an apartment property is $512,300. This represents a 20.5 per cent increase compared to October 2015 and a 0.3 per cent increase compared to September 2016.

Attached property sales in October 2016 totalled 403, a decrease of 39.5 per cent compared to the 666 sales in October 2015. The benchmark price of an attached unit is $669,200. This represents a 25.7 per cent increase compared to October 2015 and a 1.1 per cent decrease compared to September 2016.