denis mai vancouver realtor

New Metro Vancouver real estate offer: Buy a townhouse, get a Tesla

This week, the escalating arms race between developers seeking to attract prospective buyers for their condominium and townhouse projects in Metro Vancouver reached new heights.

“We will include a free Tesla for every home you buy, “said Celia Chiu, Viridian Homes sales manager.. 

In its Viridian development overlooking the Nicomekl River, Developer Century Group offers a Model 3 Tesla base model with each of the remaining 10 homes.

Chiu said the rest of the homes have been on the market for the past year, but the whole community has “been around for two years and we wanted to take it to the next level with a market having a kind of subtle stall.”

The townhouse project includes 57 units, each with a living space of over 2,000 square feet and a price tag starting at just over $1 million.

The offered Teslas is valued at $55,000. The promotion will be available from Saturday onwards and will continue until October 31 or until the final 10 units are sold in the development.

“An incentive like this does have to have a wow factor,” Chiu added.

Each of the remaining units is fitted with a charging station for electric vehicles, something Century Group president Sean Hodgins said in a release reflects the project’s “innovative design with energy-efficient capabilities.”

 

Century Group is far from being the first developer to give potential buyers an incentive as the once white-hot real estate market in Vancouver has cooled in latest months. Earlier this year, Woodbridge Homes announced a plan to attract millennial home buyers to their West Coquitlam Kira development by providing them a year-long free avocado toast.

One month ago, Wesgroup Properties provided purchasers a glass of wine per day for a year if they bought a house during the month of June at MODE in South Vancouver.Real estate agent Gurdial Badh told CTV News Vancouver he admires the move. “Either he does that or does a price reduction to come in line with what the market is today.”

In recent months, the market has been soft, leading to lower rates, but sales are rising.

“We’re seeing a lot more activity on the lower range and once the low range starts moving then obviously it will have an impact on the higher price range properties,” said Badh.

What’s the future holding? Badh said there’s a lot to do with who’s forming the next federal government after October 21 election day.

“The primary thing that I believe the state wants to do is to assist these first-time buyers,” he said, hoping the market will pick up pace again.

Source URL: “https://bc.ctvnews.ca/new-metro-vancouver-real-estate-offer-buy-a-townhouse-get-a-tesla-1.4592813”

The Armoury District: The latest workshop-dining area in Vancouver is stylish by design

The Armoury District, one of the latest acknowledged neighborhoods in the city, is scarcely a century old. But the area has seen an influx of architects, interior designers, retail shops and cafés over the past 10 years to complement the high-end vehicle dealerships that have been its most prominent characteristic for a while.

Shop

The Spirit Wrestler Gallery was founded in 1995 and is one of the longest running businesses in the area. Inuit, Northwest Coast and Maori artists are on display in the gallery. Gallery Jones exhibits contemporary art by artists from Canada and abroad. Visit Three Centuries and J.H. for antiquities. Tee Antiques (a specialty for state silverware) ; Westbridge Fine Art Auction House has a ticket for fine art. But this neighborhood is really about home decoration, with shops featuring cabinetry and floors (Troico and Frontier, respectively), home line of Giorgio Armani (Armani / Casa), patio furniture (Brougham), and more.

Dine

Some of the best examples of indulgences from Vancouver turn the neighborhood into a location for food. For top-of – the-line cheeses and sweets, these include Les Amis du Fromage and Chocolate Arts. Speaking of indulgences, Bel Café’s second location just opened here by famous chef David Hawksworth, and is the place to be seen eating French macaroons and gourmet sandwiches.

Play

People don’t necessarily come to the Armoury District in search of parks, playgrounds or cultural activities (though the Indian Summer Festival offices are situated here). The fun here is of the aspirational kind: visiting local stores, designers and galleries, and playing with thoughts about the kind of life you want to live in / the setting you want to live in. And if you’re really aspiring, you’d like to ride the Lamborghini model.Live and work.

In this stretch of the town there may not be many condos, but there are plenty in neighboring regions such as the Olympic Village and a little further south in Kitsilano. The Armoury District itself is all about shopping and working, and here are several architectural, growth and interior design companies.

Source URL: “https://vancouversun.com/homes/westcoast-homes-and-design/the-armoury-district-vancouvers-newest-work-shop-dine-area-is-stylish-by-design”

Luxury Real Estate Sales Declined in Vancouver, But Rise in Toronto

In the first half of 2019, luxury real estate sales flourished in Montreal with property sales jumping over $4 million by triple digits, but continued to decline in Vancouver, a fresh study says.

“Canada’s top-tier real estate markets veered in separate directions,” read a report released Wednesday by Sotheby’s International Realty Canada, which tracked the number of condominiums, townhouses and detached homes sold for over $1 million and $4 million in major Canadian cities.

The agency has previously forecast Montreal as an emerging hot stop set to make new records.
In the first half of 2019, property sales in excess of $1 million jumped five percent relative to the same period last year..

Sales of properties over $4 million soared 267 per cent with 11 properties sold. Three such properties were sold in the first half of 2018.

Experts from the agency observed an rise in global buyers — a group that, according to the study, involves new Canadians, permanent residents, and investors as overseas buyers ‘ taxes in Toronto and Vancouver redirected global buyers to Montreal.However, the group still composes “a small percentage of overall top-tier sales activity” in the city, it said.

Meanwhile, in Vancouver’s formerly heated housing market, luxury property sales continued to drop due to fallout from government intervention.

The market continued to bear the burden of tightened mortgage rules, multiple governmental policies and taxes, and hesitant sellers and fickle buyers lacking motivation to commit to transactions,” the report read.
Homes sold for over $1 million fell 33 per cent to 1,308 properties, while homes sold for more than $4 million fell 34 per cent to 73 homes.

Evolving conditions in Vancouver real estate have created opportunities for prospective top-tier real estate buyers to consider housing options previously out of reach,” the report said, adding some potential buyers who were considering condos priced at more than $1 million have likely now shifted their focus to attached or detached homes instead.

Sales of condos over $1 million fell 51 per cent in the first six months of this year from 708 condos sold between January and June 2018 to 349 in the same six months of 2019.

“The continued adjustment of housing prices is expected to renew interest and activity in the future,” the report noted of Vancouver’s single family homes priced over $1 million.

sources:URL link”https://toronto.ctvnews.ca/luxury-home-sales-on-the-rise-in-toronto-1.4501772″