Vancouver's Real Estate Market

[twitchyzero]

guys in new/newish condos smack dab in east van

are your neighbours mostly fob mainlander like in the new developments of metrotown/brentwood?

or is it a giant mix like river district

asking for a friend

[winson604]

Originally Posted by twitchyzero

guys in new/newish condos smack dab in east van

are your neighbours mostly fob mainlander like in the new developments of metrotown/brentwood?

or is it a giant mix like river district

asking for a friend

Just moved into a brand new Townhome complex with 55 units in East Van by Champlain area. About half are 3 bedroom and the other half being 1 bed room units. I've seen and or met almost every owner so far and there is only 1 mainlander who to no surprise of mine owns 2 units (a 3 bed and 1 bed) which are on top of each other. Other than that the rest are made up of about 70% CBCs with the remaining 30% made up a variety of races.

[stewie]

This may be a bit off topic but I assume this would be the best place for advice.


Just got a place last Wednesday. Movers moved everything in and then the next day we took off to the interior for a wedding. Since being back I've done light cooking so I've been washing everything by hand. When we had our contract the garburator wasn't working and it was listed as one of the things she must fix "to good working order". She replaced it and it works fine. I use it every day... Used the dishwasher last night and walk into the kitchen to see water everywhere under the sink and on the floors. Whoever installed the garburator never punched out the plastic piece that allows the water from the dishwasher into it... water had nowhere to go so it went everywhere under the sink, the floors, and possibly even down the wall to the next unit below.

What course of action should I take? I've called my realtor to find out what plumbing company she used so I could have them come and fix it since it wasn't in working order. He contacted the listing agent to get a hold of her but the listing agent can't do it until some point this morning.

What I'm wanting to know is if the plumbing company is liable for any and all damage done, and if she had a friend do the job for her do I go after her to pay for any and all damage??


Thanks!

[noclue]

I believe you claim against the seller, and the seller will then claim against the plumbing company.

[JDMStyo]

Originally Posted by Ch28

I'm going to ask you since you deal with a lot of presales. Why is Windsor doing so poorly in terms of selling out the building? Is it because the location isn't ideal, or the fact that they seem to be priced too high?

I don't feel it's priced high. For the area, Norquay Community Center going in across street, and multiple parks coming on Kingsway as part of Kingsway re-development plan, it'll be the first of many along the 29th + Nanaimo Skytrain along with Westbank's Kensington Garden which has a cool new T&T.

As a comparison - Wall Center Joyce is $1000/ft and Metrotown is $1100/ft and presales asking $1200/ft (Polaris). For East Vancouver and a budding Skytrain hub like Joyce I think Nanaimo/Norquay is pretty interesting.

It's about 90% sold. Handful of $800-1M units which is always harder to sell but just 10 or less out of 132 units so they are going ahead with the build.

Just did the last 1 bedroom at $599,900 for ground level entrance last weekend. $1020/ft, solid AirBNB etc with its own ground patio entrance.
For East Van, near Skytrain, etc it's a fair price.

[Traum]

Originally Posted by winson604

Just moved into a brand new Townhome complex with 55 units in East Van by Champlain area. About half are 3 bedroom and the other half being 1 bed room units. I've seen and or met almost every owner so far and there is only 1 mainlander who to no surprise of mine owns 2 units (a 3 bed and 1 bed) which are on top of each other. Other than that the rest are made up of about 70% CBCs with the remaining 30% made up a variety of races.

Huh? Where in Champlain do they have new townhomes? Genuinely curious here because River District isn't Champlain, and I can't really think of anywhere else that has the land to build a new area.

Demographically, Champlain doesn't have a lot of Mainland Chinese though. The largest group of ethnic "minorities" is still Hong Kong Chinese folks for the time being (although they are probably an aging bunch now), and that is really quite a rare scene in both CoV and Metro Vancouver. Since there have been so few new Hong Kong immigrants to Canada though, I'd expect the Hong Kong immigrant generation in that area to slowly die off / move out over the next 5+ yrs.

[G]

Originally Posted by JDMStyo

I don't feel it's priced high. For the area, Norquay Community Center going in across street, and multiple parks coming on Kingsway as part of Kingsway re-development plan, it'll be the first of many along the 29th + Nanaimo Skytrain along with Westbank's Kensington Garden which has a cool new T&T.

As a comparison - Wall Center Joyce is $1000/ft and Metrotown is $1100/ft and presales asking $1200/ft (Polaris). For East Vancouver and a budding Skytrain hub like Joyce I think Nanaimo/Norquay is pretty interesting.

It's about 90% sold. Handful of $800-1M units which is always harder to sell but just 10 or less out of 132 units so they are going ahead with the build.

Just did the last 1 bedroom at $599,900 for ground level entrance last weekend. $1020/ft, solid AirBNB etc with its own ground patio entrance.
For East Van, near Skytrain, etc it's a fair price.

Where is the Norquay Community Centre going to be? I am kind of interested in that area. I am looking at selling my Wall Center Joyce 1 Bedroom and trying to upgrade to a two bedroom.

[Ch28]

Originally Posted by winson604

Just moved into a brand new Townhome complex with 55 units in East Van by Champlain area. About half are 3 bedroom and the other half being 1 bed room units. I've seen and or met almost every owner so far and there is only 1 mainlander who to no surprise of mine owns 2 units (a 3 bed and 1 bed) which are on top of each other. Other than that the rest are made up of about 70% CBCs with the remaining 30% made up a variety of races.

You might be in the same development complex as a friend of mine. He said they just moved in not too long ago into a townhome complex by Champlain Square

[Traum]

Originally Posted by Ch28

You might be in the same development complex as a friend of mine. He said they just moved in not too long ago into a townhome complex by Champlain Square

Those townhouse / apartment complexes have been around since 2004 / 2005-ish, so they aren't really new.

[Ch28]

Originally Posted by Traum

Those townhouse / apartment complexes have been around since 2004 / 2005-ish, so they aren't really new.

It's a brand new development in the area

[Ch28]

Originally Posted by G

Where is the Norquay Community Centre going to be? I am kind of interested in that area. I am looking at selling my Wall Center Joyce 1 Bedroom and trying to upgrade to a two bedroom.

I believe it's going to be going up on the lot of that shitty 2400 Motel by the Church's Chicken

[G]

Originally Posted by Ch28

I believe it's going to be going up on the lot of that shitty 2400 Motel by the Church's Chicken

wow... that is definitely a major clean up for that area if thats the case...

[twitchyzero]

the only new development in champlain is the old fire hall corner? at least one that's visible on the main streets

Originally Posted by Ch28

I believe it's going to be going up on the lot of that shitty 2400 Motel by the Church's Chicken

amazing if true
hope I can still get cheap pho along that stretch though
meanwhile killarney is getting a new senior centre

[GS8]

Originally Posted by Ch28

I believe it's going to be going up on the lot of that shitty 2400 Motel by the Church's Chicken

Shitty you say?

How an iconic Kingsway motel became a temporary Syrian community

Very popular filming location too. Oh well.

[JSALES]

I’m wondering as well where are the new townhomes in Champlain. I live around the area and haven’t seen anything

[soymilk]

Originally Posted by JSALES

I’m wondering as well where are the new townhomes in Champlain. I live around the area and haven’t seen anything

It's called Avalon Mews by Wales and 42nd / 43rd.

[DoughBoy]

Originally Posted by GS8

Shitty you say?

How an iconic Kingsway motel became a temporary Syrian community

Very popular filming location too. Oh well.

Looks like you just proved his point. Definitely a shithole.

[jing]

Originally Posted by soymilk

It's called Avalon Mews by Wales and 42nd / 43rd.

I would consider Wales/42nd as Killarney area, not Champlain. But what do I know, I live in Burnaby

Originally Posted by twitchyzero

the only new development in champlain is the old fire hall corner? at least one that's visible on the main streets

Looking at the signs driving by, those units above the fire hall will be for women's co-op housing.

[Ludepower]

Its mos def shitty. Dunno why that valuable land the crack motels sits on hasn't been developed.

Kensington gardens should of went there instead of tearing down the canadian tire.

[Hondaracer]

Nothing like paying $1200/sq ft to live next to dem refugees

[JDMStyo]

For those interested in the Kingsway corridor plan some research I pulled for clients few months ago.

https://vancouver.ca/home-property-d...ntre-plan.aspx

Keep in mind this has been nearly 7+ years in making and slow to progress...so don't hold your breathe but DP (development plans) are being approved. Good thing is with new development (read: money from developers) the City is asking for more public amenities.

There will be three more public "plazas" where the Motel, Purdys' and another as indicated here.


Latest Feb 2017 update package
https://vancouver.ca/files/cov/norqu...in-2017-02.pdf

Public Realm purposes



Full fledged community center is harder to imagine, but certainly more community spaces, plazas, gathering areas, play areas for kids, all in hope to make the Kingsway corridor less "thug" and family friendly.

Keep in mind the plan started back in 2010...so these things take time More info here for those interested, including pending Development Plans and upcoming condos / multi family units.
https://vancouver.ca/docs/planning/n...-plan-2010.pdf

[Eff-1]

Originally Posted by JDMStyo

Vancouver
Cambie Gardens by Onni 70% sold. $900K 1 bedroom to start. Langara Gardens nearby, Cambie corridor, yada yada. Not cheap but low risk play.

Wow, really? Phase 1 70% sold? This is before the presentation center even opens, right?

Doesn't this one cost something like $1600 per square foot??

[Mr.HappySilp]

Originally Posted by Eff-1

Wow, really? Phase 1 70% sold? This is before the presentation center even opens, right?

Doesn't this one cost something like $1600 per square foot??

That's a low number. Some pre sales is like 90%+ sold before it goes for public and most of the good units are sold already.

First time doing open house at my place. Had a few offers already most are decent just not as high as I hope. Is only first week so I guess I will see what happens. Might readjust the price to be higher since the list price was a bit low.

[GabAlmighty]

I apologize if it's already been discussed in this thread but what's everyones consensus on the new proposed development down by Rocky Point Park in Port Moody?

My parents mentioned it to me the other day, and besides the sulfur port next door (which is completely covered)... Seems like it will be interesting. They were spit balling about going there for their final/retirement move, among other options.

[Traum]

Originally Posted by GabAlmighty

I apologize if it's already been discussed in this thread but what's everyones consensus on the new proposed development down by Rocky Point Park in Port Moody?

My parents mentioned it to me the other day, and besides the sulfur port next door (which is completely covered)... Seems like it will be interesting. They were spit balling about going there for their final/retirement move, among other options.

Oh? Which development is this?

I know there is one coming up at Clarke & Moody, but I dunno if I'd call that one "down by Rocky Point Park"...

I like that Clarke / Moody / St. John area, which is basically old DT Port Moody. Evergreen Line and WCE are 2 blocks away, and Coquitlam Center is close enough. There are good interesting restaurants and craft breweries nearby as well. And then Rocky Point Park is awesome. Area-wise, I like it quite a bit.

Because of the trains, however, anywhere close to the tracks are gonna feel / hear a lot of the vibrations. For buildings nearby, I can't imagine how they would not be affected by this in a variety of ways, including shaking / cracks / settling of the building.