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Receive more information about Rupert
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Thank you for visiting
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cannot interfere. If you choose to work with our area specialist instead, please click “NO” and continue with the request form. Change answer to "No" I am not working with a realtor
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MLS® Disclaimer for BC: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
Building Info
Rupert at 3050 Kingsway, Vancouver, BC V5R 5J7, Canada, Strata Plan Number EPP95322. Nestled at Rupert Street and Kingsway in the neighbourhood of Collingwood VE. RUPERT is a new condo development by Kaval Properties. Comprise of 21 exquisite units, 4 stories and the estimated completion is in 2022. Every home is designed with you in mind from aesthetically pleasing colour tones, classic clean finishing throughout, and additional flex rooms ready for your choice of design and usage. Choose from a variety of charming homes from high ceilings to oversized balconies to enjoy your stunning views. The balcony of your dreams holds the key to the true tranquility to your heart. Wide private patios are uniquely designed for personal privacy and entertainment. Convenience in the vibrant Collingwood neighbourhood. Only steps and minutes away from a diverse selection of shops, cafes, restaurants, library, parks, schools, Joyce Skytrain. Embrace an unforgettable lifestyle of experiences waiting for you to share and be part of.
Official Website: rupert-living.ca/contact Phone: 604-726-3771 Strata Sub Categories: Strata Condos
Vancouver council open to increasing slots, table games at existing casinos
Vancouver city council voted this week to allow for applications to increase the number of slot machines and tables at the city’s two casinos, on the condition they be accompanied by an assessment of their social and economic impacts.
The request to amend the city’s 2011 gambling moratorium was made by the B.C. Lottery Corp., which told council the city’s population has increased 22 per cent in the past decade and that the amendment is a first step to allow BCLC to look at ways of expanding its two existing facilities — the Parq casino in Yaletown and Hastings Racecourse in East Vancouver — rather than building more casinos.
The city has contributed more than $172 million to non-market housing in the form of land
The City of Burnaby has a total of 1,040 non-market housing units, including rentals and co-ops, just built or in development on its land, according to a new city report, and there’s more on the way.
The city lands program for non-market housing, which was adopted in 2015, leases city-owned lands at a nominal rate to non-profit housing providers through a public request for proposals (RFP) process.
The city has contributed about $172.44 million as part of the program, including land, grants and on-and-off-site works, according to the report which accounts for 11 projects that recently completed or were in progress as of March 2024.
The assessed value of the land makes up more than $120 million of that $172-million total contribution for the 11 projects.
Household Financial Health and Housing Market Trends
According to the March 2024 Edge Report, current trends in debt service ratios and net worth may indicate areas of concern. The prevalence of static payment variable rate mortgages, household debt-to-GDP ratios, and Canada’s heavy reliance on real estate assets, may raise concerns about resilience.
In Q4 of 2023, debt servicing costs stayed stable, with the household debt service ratio holding steady at 15%. This ratio, which reflects the portion of disposable income allocated to debt repayment, remains significantly high, at levels not seen since 1990. A minor adjustment downwards from the previously reported peak of 15.2% in Q3 should be noted, however.
The federal government’s new Housing Plan, announced on April 12, 2024 and supported by Budget 2024, introduced a provision aimed at helping renters build credit by integrating rent payments into credit histories. It proposes amendments to the Mortgage Charter, encouraging collaboration among fintech companies, credit bureaus, and lenders to include rental payment data in credit scores.
The government calls on these agencies to create an ecosystem where renters can choose to include their rental payment history in their credit scores. It also expects lenders to prioritize comprehensive credit information, including rental payment history, in credit evaluations whenever feasible.
Federal Budget 2024: What are the proposed capital gains tax changes and how might they affect me?
The capital gains tax inclusion rate – today and tomorrow
Today, only 50% of the capital gain is taxable (this is known as the capital gains tax inclusion rate). This means that $50,000 of the $100,000 earned from the sale of the cottage in our example is added as income for that tax year.
Here’s an example:
Your regular income, earned from your full-time job, is $75,000
You make a $100,000 profit from the sale of your cottage (after you pay real estate fees, closing costs, etc.)
50% of the profit is taxable, which means you add $50,000 to your income during the tax year in which you realized this capital gain
$75,000 + $50,000 = a total income for that tax year of $125,000
The amount of tax you ultimately pay in that year will depend on your tax bracket and its marginal tax rate.
YOUR MODERN HOME From open-concept gourmet kitchens to deep soaker tubs, your life in Rupert is professionally designed for a modern lifestyle. We also provide Intelligent options upgrades so you can personalize your new home even further with high-end appliances and the option to meet with our design team to make your new home truly yours.
CONVENIENT AMENITIES Entertain or relax in a comfortable indoor club lounge, equipped with an open space kitchen and bathroom. Private elevator for resident use only to offer easy access to units. Secured underground parking for residents private use only. Private bike storage designed for additional storage space.
SOLID EXTERIOR Exterior features water-resistant cemented panels, used pre-dominately in high-end architecture combined with highly durable hardiplank siding recognized for its strength & sustainability, this product is mildew & mold proof with a great lifespan. Acoustically engineered 6mm thick glass windows with a larger air space to significantly reduce sound transmission (selected units). Private landscaped garden space & urban agricultural plots. Highly insulated walls & roofs.
STYLISH INTERIORS Bedrooms & flex rooms, creating an integrated look that flows with contemporary living. Laminate flooring 12.3mm with high performance tread layer in the entry, living, dining. Interior flex rooms uniquely designed for privacy, storage or workspace. Electric baseboard heating, providing inexpensive residual heat. 2” durable faux wood blinds, durable UV/fade/impact resistant. Solid entry doors complete with polished hardware. Stylish lighting fixtures in every room.
GOURMET KITCHENS Energy-smart stainless steel Whirlpool appliances include: ceramic cooktop store/oven combo, built-in dishwasher, microwave hoodfans complete with trim kit, & refrigerators. Open concept kitchens, designed to maximize storage & provide ample room for inspired chefs. Durable laminate flat-panel, square edge kitchen cabinets includes soft closing drawers & doors. Cabinets complimented with glossy finish and quartz countertops. Polished steel branded faucets & fixtures with full garburator. Sleek stainless steel double bowl undermount sink.
BEAUTIFUL BATHROOMS Polished white coloured quartz countertops, paired with white cabinets. Classic style polished fixtures and accessories. White porcelain undermount sinks. Efficient plumbing water fixtures.
Features/Amenities from other sources
Bike Room
Club House
Elevator
Maintenance Fees Include
Other
Restrictions
Restrictions updated:
January 2011
Construction Information
Year Built
2022
Levels
4
Construction
Frame - Wood
Rain Screen
Full
Roof
Torch-on
Foundation
Concrete Perimeter
Exterior Finish
Mixed
Strata Information
Strata Plan #
EPP95322
Title to Land
Freehold Strata
Units in Development: 21
Units in Strata: 23
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