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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
Perla - 5950 Olive Ave, Burnaby, BC V5H, Canada. Located at crossroad Olive Avenue and James Street in the Central Park East neighbourhood of Metrotown. Perla is comprised of 339 market strata condominiums in a 38-story residential tower. Choose your ideal home from a selection of 1-, 2-, and 3-bedroom residences with 550 1,495 sq ft of living space. Enjoy a premium appliance package thats beautifully integrated into kitchen cabinetry. Engineered stone countertops are complemented by a matching full-height backsplash. Year-round comfort is provided by a heat-pump cooling system. Homeowner amenities feature a building concierge, a WeWork-style lounge, a fitness studio, a plunge pool, and a top-floor lounge with a private dining hall and catering kitchen.
B.C. housing market showing signs of marginal improvement
B.C.’s housing market saw a slight improvement in March as home sales nudged higher following a 5.9-per-cent decline in February. Sales increased 0.7 per cent to reach 5,866 unit sales. Home prices rose 1.8 per cent. This said, housing momentum has waned in the last few months as buyer sentiment shifted amid interest rate uncertainty.
MLS home sales increased in most of the province’s real estate board areas. The Greater Vancouver area saw home sales increase by 1.4 per cent following a decline in the previous month. In Chilliwack, home sales increased only slightly—by just 0.5 per cent—while the Kootenays reported a 17.2-per-cent increase. Home sales also rose 9.4 per cent on Vancouver Island, and were unchanged in the Fraser Valley. However, the Okanagan-Mainline and South Okanagan areas recorded sales declines of 8.9 per cent and 19 per cent, respectively.
Lethbridge industrial market strengthens as options limited
Western Canada’s industrial markets are at an inflection point as demand normalizes and the pause that hit new construction last year begins to make itself felt.
Conservative market sentiment is now creating the conditions for stronger performance in 2024, Avison Young reports, with cities like Lethbridge poised to see a landlord’s market for industrial space.
Lethbridge reported a 4.1 per cent vacancy rate in the first quarter, up from 4 per cent at the end of 2023. But space under construction is down more than half from last year to 50,000 square feet, creating potential supply constraints.
That change will have significant implications for cottage owners. Many have seen the value of their properties skyrocket in recent years, which could cause them to kick the tires and sell before the higher tax rules kick in.
High-tech sensors in workplaces, postal-code analysis among tools for real estate strategies.
Driven by persistent return-to-in-person challenges, local companies are leveraging office space data to optimize the physical spaces they occupy.
Employee commute times and office space utilization data are informing companies’ strategies for encouraging in-person work and optimizing office layouts to meet long-term goals, according to those who spoke toBIV.
“As companies are revisiting or choosing to revisit their office space, they’re looking at a year to two years of real good data of who’s coming in, how often, what are they doing and what’s the purpose of the office for those people,” said Alain Rivère, vice-president of the high technologies group at CBRE.
Detached home starts decline as condo, townhome starts boom in 2023
The West Coast housing market saw a significant boost in construction activity last year, according to a new report by the Chartered Professional Accountants of British Columbia (CPABC).
The annualBC Check-Up: Investreport found that construction began on 35,553 housing units in southwest B.C. during the year, a 20.9 per cent jump compared with 2022. This marks the highest number of housing starts ever recorded in the region.
“Our members living in the Lower Mainland have consistently reported that housing prices are the biggest challenge facing B.C. businesses,” said Lori Mathison, president and CEO of CPABC, said in an April 18 statement.
Prestige Upon Arrival • Perla is a modern and distinctive concrete tower located in the heart of Metrotown • Designed by dys architecture, the building’s clean lines and bold accents create a sense of sophistication • Featuring a prime location, Perla is a short walk from Metropolis at Metrotown, the SkyTrain network as well as various shops, restaurants and services • Steps away is Central Park, an 210-acre urban oasis with peaceful ponds, lush gardens, tennis courts and an outdoor swimming pool • Perla’s West Coast contemporary architecture is enhanced by a striking entrance canopy and double-height lobby to welcome you home • Follow the curves to the ground level to find extensive spa-inspired amenities, including a serene Jacuzzi and fully equipped fitness centre • At the top of the tower the Perla sky lounge awaits, with an entire floor of meticulously crafted indoor and outdoor entertainment spaces, including an outdoor deck, a fireside social room with an adjoining catering kitchen, and private dining room
Contemporary Interiors • All suites feature a modern wood veneer door with polished chrome hardware, custom millwork and an entry plaque • Entry areas are artfully lit by subtle recessed lighting • Main living areas o er 9' over-height ceilings in apartment homes • Maintain the perfect interior environment in any season with an in-suite heat pump system, with easily adjustable heating and cooling using an electronic thermostat inside your home • Premium laminate wood-style flooring throughout main living spaces and bedrooms creates a stylish natural foundation • Three designer-selected colour schemes, Earl Grey, Chai Latte and White Cocoa, o er customization to suit your aesthetic and furniture • A walk-in closet with custom drawers and lighting in the main bedroom helps keep your wardrobe organized • Expansive low-E windows provide light-filled interiors and views of the surrounding greenery while contributing to energy e ciency • A generous private deck or patio expands your living space into the outdoors
Contemporary Interiors • All suites feature a modern wood veneer door with polished chrome hardware, custom millwork and an entry plaque • Entry areas are artfully lit by subtle recessed lighting • Main living areas o er 9' over-height ceilings in apartment homes • Maintain the perfect interior environment in any season with an in-suite heat pump system, with easily adjustable heating and cooling using an electronic thermostat inside your home • Premium laminate wood-style flooring throughout main living spaces and bedrooms creates a stylish natural foundation • Three designer-selected colour schemes, Earl Grey, Chai Latte and White Cocoa, o er customization to suit your aesthetic and furniture • A walk-in closet with custom drawers and lighting in the main bedroom helps keep your wardrobe organized • Expansive low-E windows provide light-filled interiors and views of the surrounding greenery while contributing to energy e ciency • A generous private deck or patio expands your living space into the outdoors
Chef-Ready Kitchens • Contemporary, well-planned kitchens inspire you to discover new favourite dishes and host memorable gatherings • Custom cabinetry in natural wood, matte white or matte grey is complemented by undercabinet lighting, brushed nickel pulls and soft-closing hardware and drawers, o ering significant storage in style • Refined engineered stone countertops are complemented by an impressive full height engineered stone backsplash • Contemporary brand-name appliances for homes with plan A (one-bedroom and junior two-bedroom residences) include: – 24"-wide gas cooktop and electric wall oven – 24"-wide dishwasher integrated into custom cabinetry – 22"-wide refrigerator integrated into custom cabinetry – Over-the-range hood fan and microwave combination (some homes) • High-quality appliances for homes with plans B, C, D and E (two-bedroom or larger) include: – 30"-wide five-burner gas cooktop and electric wall oven – 24"-wide dishwasher integrated into custom cabinetry – 30" refrigerator with ice maker integrated into custom cabinetry – Microwave with trim kit elegantly integrated into cabinetry – Dual-speed, slim-style ventilation hood fan • Meal prep and clean-up are easy with a 30" stainless undermount sink (18" single sink for homes with plan A), single-lever faucet in polished chrome and pull-out spray handle, plus a dual roll-out recycling station
Soothing Bathrooms • Freshen up in serenity in the main ensuite, featuring porcelain wall tiles, large-format mirrors and floating cabinetry • European-style shower system features a rain shower head, handheld wand, frameless glass enclosure and integrated bench seating in ensuites • Thoughtful details include imported engineered stone countertops, modern vanity with accent lighting and undermount sinks • A convenient cabinet behind the vanity mirror will store your favourite fragrances within reach • Conserve water with sleek dual-flush water closets
Convenient Details • All homes are pre-wired for high-speed cable connection and ADSL cable television outlets, and a USB-C electrical outlet in the kitchen for your digital convenience • 24" in-suite stacking washer and dryer make laundry e ortlessly convenient • Opaque roller shades on all windows o er added privacy and easy control over natural light
Smart Building • As Polygon’s first TELUS Residential Smart Building, the homes at Perla come with a series of technological features including keyless entry, smart home automation, smart parcel lockers and more for residents to enjoy elevated living
Security and Comfort • Building concierge takes care of the fine details for you • A secure parcel delivery system in the lobby makes receiving packages hassle-free • Security proximity readers protect Perla’s main entry points, including the parkade, lobbies and other key locations • Tower elevators enable floor access for residents only • Underground parkade is equipped with emergency alert buttons for added peace of mind • Digital recording cameras in the parkade, lobby and mailbox area o ffer additional assurance • Each suite entry is built with a door viewer and heavy-duty integral locking system with reinforced doorframe • Hard-wired smoke detectors and monitored fire sprinklers are installed in all homes and common areas • Comprehensive warranty protection by Travelers Insurance Company of Canada, including coverage for: – Materials and labour (2 years) – Building envelope (5 years) – Structural defects (10 years) • Steel-reinforced concrete construction provides outstanding durability • Dedicated after-sales service by Polygon’s renowned Customer Service team • Rough-in for EV parking at every stall • Repair bikes in a dedicated work area and store them in a secure storage locker • Indoor dog wash for your furry friends available year round
Restrictions
Restrictions updated:
January 2011
Construction Information
Year Built
2026
Levels
39
Construction
Concrete
Strata Information
Strata Plan #
Units in Development: 339
Units in Strata: 339
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