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Landlords

Vancouver Olympic Buildup Featured in New York Times Today

by Nicholas Meyer on December 5, 2008

Vancouver is given a big boost in today’s New York Times, in the Great Homes, Lifestyles and Destinations section, outlining many of the reasons why investors and second-home buyers worldwide choose to invest in Vancouver real estate.

The article:

Preening for the Olympics, Vancouver Is Building Up

By DAVE CALDWELL Published: December 4, 2008

EVEN when it rains hard in Vancouver, British Columbia, the host city for the next Olympic Games, big yellow backhoes at construction sites near Coal Harbour.…(view full article here)

Those involved in local real estate estimate that about 20 percent of those second-home buyers will be Americans. “We’re really livable, which is why America likes us,” said Bob Rennie, whose company, Rennie Marketing Systems, promotes several developments in Vancouver.

Click the link to view the stunning slide show “Building Vancouver’s Olympic Future” from today’s New York Times. It shows through spectacular photography the beauties of the city of Vancouver.

At Downtown Suites, we manage the properties of many non-resident investors who own in Vancouver.

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I had been working with my clients for several days and viewing many different buildings in the downtown and Coal Harbour area until we finally found the perfect investment property for them. The best deal in Coal Harbour!

This studio suite in the Coal Harbour area  was clean and tidy, and perfect for their investment needs. It came complete with  a great tenant who has resided in the suite for the last five years and wished to stay. It was a win- win situation for all involved! The sellers were happy to have an offer on the table and I was able to negotiate a great price for my clients and the tenant was happy to stay in her home.

My clients were thrilled with their purchase, it was the perfect “turn key” investment property. Downtown Suites will now proceed to take over the professional management of the suite for our clients.

Their are many great investment opportunities  a this time in the Downtown and Coal Harbour areas. If you are interested in purchasing an investment property or would like information in regards to our Real Estate and Property Management services. Please do not hesitate to contact me directly.

Victoria Farrell
Downtown Suites Ltd

www.downtownsuites.com
victoria@downtownsuites.com

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Client Relationships

by Nicholas Meyer on November 5, 2008

We really value our relationships with our clients, but it’s especially great when they tell us they appreciate our work for them too. Our investor clients follow our updates online, and we get good feedback on the info in our videos, so we will keep them coming.

Two recent comments worth sharing:

Jacob Ball said: “I’d like to thank you for your help over the years Tanja along with the entire staff at Downtown Suites for their excellent work and attention to every detail.  I am extremely pleased and look forward to working with you all again in the future.”

Bill Egan in Long Beach said: “…Also, I wanted to offer thanks for the excellent service I have received from yourself and your staff. We look forward to continuing our arrangement with “Downtown” into the future. “

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Vancouver Rental Update for October

by Nicholas Meyer on October 23, 2008

Nicholas Meyer of Downtown Suites, Ltd. discusses the suite rental situation for October 2008.

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The overseas investor finds Vancouver to be particularly attractive to purchase an investment property for many reasons. Vancouver is hosting the 2010 Winter Olympics which will bring many visitors to our lovely city as well  many foreigners think about the possibility of owning property here. No one has a crystal ball to predict property prices in Vancouver but we know that after Expo 86 we had a huge influx of overseas investors which drove up prices. We getting many inquires every week in regards to the 2010 Olympics from the overseas investors. Many investors are seriously thinking about owning property in Vancouver prior to 2010. This is an excellent idea, as it will enable you to own property in one of the most beautiful and desirable cities to live in the world.

At Downtown Suites we can manage your property for you prior while you reside overseas and if you  visit during the Olympics you can choose to take possession of your suite.  Many individuals are thinking about retirment in Vancouver within the next 10 years or so. It is an idea that many worldly individuals dream about and it is a great idea for many reasons. Our economy is very strong and the price points in Vancouver are still considered reasonable compared to other world-class cities.

For those who have never visited our city, Vancouver is located along the West Coast of British Columbia and many of our downtown neighbourhoods are surrounded by water located along the seawall. As well we have beautiful breathtaking mountain views from many of the downtown locations. We have so many attractive neighbourhoods which  are desirable including; Downtown, Westend, Yaletown, Kitsilano, and West Side.

At Downtown Suites we can assist you in all aspects of purchasing  the perfect investment property.  We will help you to narrow down your search parameters including price point, square footage, location, amenities, view and other factors that may be important to you. In fact we can assist you with the sales transaction remotely. If you are a qualified purchaser we assist with all of the documentation and paper work by email and fax.

Once we have found the perfect property for you we will make the purchase as simple as possible for you from beginning to end. We take a personal interest in our clients and will look out for your interests  from negotiating the right price point for you, presenting the offer, and ultimatley  closing the deal. We have a team of professionals with whom we work closely including Mortgage Specialists, Lawyers, Notaries, and Home Inspectors.

We are a fully licensed Property Management and Real Estate company that will professionally  manage your property for you in all aspects including: advertising and finding a qualified tenant, collecting rents, managing tenants, maintenance issues which may arise. Please refer to our website for additional information on our Property Management and Real Estate Services www. downtownsuites.com.

I am a  members of the Vancouver Real Estate Board of Greater Vancouver and Specialize in the Downtown Vancouver Real Estate Market. Specializing in working with overseas investors and tenant occupied properties. If you have any questions in regards to the acquisition or sale of an investment property in the Vancouver area or have any questions please do not hesistate to contact me directly.

Victoria Farrell

Victoria Farrell

Sales Associate

Downtown Suites Ltd
www.downtownsuites.com
victoria@downtownsuties.com

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The Current 2-Bedroom Rental Market

by Nicholas Meyer on February 14, 2008

Senior Property Manager, Tanja Milosevic, discusses the current 2 bedroom suite market with Nicholas Meyer at the Downtown Suites office.

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Our Client Relationships

by Nicholas Meyer on February 9, 2008

In this video, I’m discussing the close client relationships that naturally come from working with a boutique property management company. As I mentioned, at Downtown Suites owners are not merely numbers on a list, but real people like Russell and Jane.

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Renting in Vancouver BC Canada

by Nicholas Meyer on August 22, 2007

Rental vacancy rate to decline yet again!
According to the latest forecast from the Central Credit Union of British Columbia, released this month, the rental vacancy rate will continue to decline, dropping to 0.7% by October of 2007 and to 0.5% in October of 2008. Rents are expected to increase 2% in 2008. Current rental rates for new construction are approaching $2.50 and a bit beyond for choice locations and views, while more average stock is averaging $2+ psf. The strongest market of all is in the entry level suites under $1500 per month, the market for larger suites is softer.
(first posted July 13, 2007)

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Meet Our Property Manager,Tanja Milosevic

by Nicholas Meyer on August 22, 2007

We did a video update in the office recently. Here’s Tanja (with some of the sounds of the busy office in the background):

Meet our support staff:

(first posted July 6, 2007)

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The Current Rental Environment

by Nicholas Meyer on August 22, 2007

In this video blog, I discuss some of the current rental market forces. Wages in Vancouver haven’t increased as much as property values, which means the rents landlords charge must reflect that reality.

(first posted July 2, 2007)

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