Nicholas Meyer and Lisa Taylor discuss the fees and services for luxury suite management.
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Mountain View
Pure Luxury awaits you in this executive 2 bedroom condo.
#1301 – 1616 Bayshore Dr.
Rental: $3,640.00/month
Square Footage:1,517 2 Bedrooms, 2 Bathrooms
- North-facing with stunning views of Burrard Inlet, Stanley Park, and the majestic North Shore Mountains
- Large outdoor balcony
For more information on this luxury suite, contact Downtown Suites.
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3163 West 2nd Avenue
Monthly Rent: $2600, Bedrooms: 2, Bathrooms: 2, Sq Footage: 1238
2 -story townhome with cottage-style fenced garden in sought-after nieghborhood – only blocks to parks, ocean, West 4th Avenue.
Contact Lisa at Downtown Suites and arrange to view.
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I agree with this recent Vancouver Sun article (Real Estate Sales Grind to Standstill by Derrick Penner) that there is always something fundamentally wrong when prices become too high for the local consumer to afford. This is nothing new in our boom and bust cycle of real estate in Vancouver. I have seen it all before!
The writing has been on the wall for several years. I was amazed at the continued growth over the last few years… way beyond what we could sustain locally. I also agree that if you buy thinking long term and view real estate as a place to live rather than a chip on the monopoly board you are not going to lose. Before we reach the nadir of the market is when all the prime properties will get snapped up.
Contrary to the stats of other agents, at Downtown Suites we have sold several properties now for our clients looking to cherry pick good opportunities.
I agree the market averages will decline into the second quarter but the “dogs” will be the ones driving the average prices down further. There is always a market for blue chip properties and they always ultimately appreciate in value as the market rebounds.
My advice would be to keep your powder dry and get in touch with a good agent who specializes in the area you are interested in purchasing and be ready to make your move when you see something you like.
Don’t run scared of the real estate market, we’re not…we’re doing more sales now than before…with over 30 years experience we’ve seen it all before! Call or email your local success story: www.downtownsuites.com.
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VANCOUVER, B.C. December 2, 2008 November reductions in home sales and prices have helped improve affordability in Greater Vancouver. However, November also saw a corresponding decrease in the number of new homes coming onto the market.
In its most recent statistics release, the Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver declined 69.7 per cent in November 2008 to 874 from the 2,883 sales recorded in November 2007.
Residential benchmark prices, as calculated by the MLSLink Housing Price Index®, declined 12.8 per cent between May and November 2008, amounting to an 8.3 per cent year-to-date price reduction for detached, attached and apartment properties in Greater Vancouver between November 2007 and 2008. In May 2008, the overall residential benchmark price was $568,411, compared to $495,704 in November 2008.
“Times of turmoil, from which we always emerge, offer excellent opportunities to buy quality real estate,” says REBGV president, Dave Watt.“For those whose personal finances allow them to get involved, there are opportunities in today’s housing market that have not been seen in many years.
“The local real estate market is not immune to the current economic challenges globally; however, Canada’s disciplined lending structure has kept the mortgage landscape steady in these uncertain times.”
New listings for detached, attached and apartment properties declined 10.8 per cent to 3,012 in November 2008 compared to November 2007, when 3,377 new units were listed. Active listings in November declined 4.7 per cent to 18,348 from the 19,257 active listings in Greater Vancouver in October 2008.
Sales of detached properties in November 2008 declined 69.8 per cent to 322 from the 1,067 units sold during the same period in 2007. The benchmark price for detached properties declined 8.6 per cent from November 2007 to $666,525. Since May 2008, the benchmark price for a detached property in Greater Vancouver has declined 13.6 per cent.
Sales of apartment properties declined 67.9 per cent last month to 410 compared to 1,276 sales in November 2007. The benchmark price of an apartment property declined 8.6 per cent from November 2007 to $342,315. Since May 2008, the benchmark price for an apartment property in Greater Vancouver has declined 12.2 per cent.
Attached property sales in November 2008 decreased 73.7 per cent to 142, compared with the 540 sales in November 2007. The benchmark price of an attached unit declined 6.4 per cent between November 2007 and 2008 to $426,287. Since May 2008, the benchmark price for an attached property in Greater Vancouver has declined 11 per cent.
RBGV- News release
December 2, 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
Sales Associate
Downtown Suites Ltd
www.downtownsuites.com
victoria@downtownsuties.com
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| WATER MOUNTAIN AND CITY VIEWS!!! 2507-550 Pacific Street,Vancouver |
| Sales Price: $399000 |
| Bedrooms: 1 |
| Bathrooms: 1 |
| Sq Footage: 553 |
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Fabulous North East views towards the North Shore Mountains, David Lam Park and False Creek from the 25th floor of this sought after building: Aqua at the Park. Dont miss a great opportunity for investors or owner occupiers in the Beach Crescent neighbourhood. Gourmet Kitchen features a full stainless appliance package with gas cooktop, granite counters, breakfast bar, in sink disposal and built in glass shelving and outdoor balcony. Great facilities include, hot tub, sauna, steamroom, billiards room, squash courts, guest suite & more! Excellent tenant $1,294 on a month to month basis. Pet friendly building, no restrictions for rentals. For additional informaiton please contact: Victoria Farrell Downtown Suites Ltd victoria@downtownsuites.com |
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This suite is spectacular! A must see!
This two bedroom, two bathroom suite features a fantastic northwest exposure from the twenty-sixth floor with great views of mountains and the marina below. With open kitchen plan / layout, it comes with fabulous appliances, granite counter tops and tiled floors.
The area size of the unit is 1,165 square feet or 111 square meters. The building has, of course, top of the line amenities such as media room, gym and sauna.
There is twenty-four hour concierge for your security.
The rent includes, hot water and natural gas, in-suite laundry, in-suite storage/den with additional storage locker downstairs, bike storage and parking for one vehicle. Pets are allowed in this building.
All this is available now, for $2,700.00/ month.
For viewing, contact Monique or Lisa at Downtown Suites.
(originally posted July 19, 2007)
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