Monthly Archives: November 2009

Vancouver Real Estate Prediction for the 2010 Winter Olympics

The Olympics Won’t Matter That Much. 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! Find out more

What is a Pre-Sale in Vancouver Real Estate?

Pre-Sales in Vancouver, British Columbia Canada 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. Why do people buy Pre-Sales? Pre-sales are popular with investors and… Find out more

Harmonized Sales Tax (HST) and Vancouver Real Estate

Hi All, I have been getting A LOT of questions about The British Columbia Government's new Harmonized Sales Tax and how it will affect Vancouver Real Estate. 4 Quick Facts on BC's proposed new 12% HST effective July 1, 2010: It only applies to BRAND NEW properties and is paid when the property completes at the Land Titles Office.  The HST is NOT PAYABLE on re-sale properties or used properties. Increase in the maximum threshold for rebates on HST from $400,000 to $525,000; The maximum rebate will be increased to $26,250; Transitional rules will apply - if you enter a… Find out more

555 Pacific, The Mark in Downtown Vancouver – A Sneak Peak at Yaletowns Latest Pre-Sale

The Mark Vancouver by Onni MORE SUITES AT THE MARK NOW BEING SOLD! 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! Location 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… Find out more