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Receive more information about Building - Cambie Gardens - Phase 1 (East Tower)
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bccondos.net. You have requested to Contact one of our very skilled local realtors but have informed us you are currently working with a Realtor. Unfortunately since you have an agency relationship with that realtor, we
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
Leave my answer as "Yes" I am working with a realtor
Receive more information about Cambie Gardens - Phase 1 (East Tower)
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No
Thank you for visiting
bccondos.net. You have requested to Contact one of our very skilled local realtors but have informed us you are currently working with a Realtor. Unfortunately since you have an agency relationship with that realtor, we
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
Leave my answer as "Yes" I am working with a realtor
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
Cambie Gardens - Phase 1 (East Tower) - 7433 Cambie St, Vancouver, BC V6P 0J8, Canada. Situated at the corner of West 59th Avenue and Cambie Street on Oakridge - Vancouvers Westside. Comprising of 307 elegant units in 26 stories tower and was built in 2022. This master-planned community, spans a vast 25.4-acre site in the heart of Vancouver Cambie Corridor. This transformative project, a collaboration between the Onni Group and IBI Group Architects, is set to redefine urban living in Vancouver. Amenities include retail & commercial spaces, a community health centre, a 69-space child care facility, a sprawling 2.5-acre park, an urban farm, and a proposed Canada Line Station for seamless connectivity. Community amenities within walking distance include parks and urban agriculture spaces to child care facilities and public plazas, Cambie Gardens promises a holistic living experience. The development will also house retail and commercial spaces, further enhancing its appeal.
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.
An enviable address on Vancouver’s distinguished Westside.
Come home to modern and sophisticated residences, designed by award-winning IBI Architects
Energy-efficient certified LEED Gold building
Solid reinforced concrete construction provides superior durability, ease of maintenance, and quiet living
Open-air, oversized balconies with elegant wood grain finish porcelain tiled decks in all homes, seamlessly connecting indoor and outdoor living
Year-round comfort with in-suite controlled energy-efficient Forced Air conditioning, heating and ventilation system
Wireless LCD smart thermostats control your home’s temperature from anywhere
24-hour concierge service, catering to your daily needs
Double-glazed, Low-E windows with thermal and acoustic engineering, designed to reduce noise transfer while increasing UV protection and insulation
Comprehensive 2-5-10 National Home Warranty: 2 full years in-home coverage for workmanship and materials, 5-year water penetration coverage and 10-year structural coverage
EUROPEAN-INSPIRED KITCHENS
Premium integrated and paneled appliance package:
Sub-Zero 30” fridge and dual freezer drawers with soft-close mechanisms, automatic icemaker, water dispenser, and built-in antimicrobial air purification system
Wolf 30” gas cooktop with four dual-stacked burners
Concealed Wolf hood liner
Wolf 30” dual convection wall oven with touch control panel, and 30” drop down door microwave, built seamlessly into cabinetry
Asko 24” full-size dishwasher with 9 wash cycles
Sub-Zero dual zone under-counter wine fridge with 46 (750ml) bottle capacity
Elegant polished marble or brushed quartz natural stone countertops with matching over-height backsplash
Feature islands boast breakfast bar overhang with mitered waterfall gables, or counter-height bar seating perfect for casual dining and entertaining
Dornbracht polished chrome faucet with separate extractable hand spray
Single or double-basin stainless steel undermount sink (refer to plan) features garburator with countertop push button control , allowing for easy food preparation
European-inspired custom flat panel cabinets, featuring integrated finger pulls on doors and drawers for a sleek, flush finish
All doors and drawers include premium soft-close mechanism; drawers offer premium drawer slides, with motion sensor LED light to illuminate your upper drawers, and nested internal organizers in select upper drawers.
Cambie (Scheme A): textured rift cut oak laminate (textured wood upper, and white satin painted lower cabinets and appliance wall)
Langara (Scheme B): textured quarter cut walnut laminate (textured wood upper, and white satin painted lower cabinets and appliance wall)
Built-in pantries with convenient pull-outs to maximize hard to reach corners for flexible storage options and to keep kitchens organized (in most homes)
Under-counter functional internal sliding drawers ensure that no space is wasted
Plug-in USB outlet for effortless charging of your smartphone or other electronic devices
Under-cabinet LED recessed lighting to illuminate workspace
REFINED FINISHES
Choose from 3 warm and sophisticated designer colour schemes to personalize your home: Cambie, Heather, or Langara
Premium wide plank, engineered oak hardwood flooring with resilient brushed finish extends elegant continuity throughout entry, kitchen, living, and dining areas
100% wool-berber carpeting with cushioning underpad throughout bedrooms and closets
Closets outfitted with built-in closet organizers, with optional upgrade to customized woodgrain finish
Maytag full-size high-efficiency front-loading stacking or side-by-side washer and dry (refer to plan), with 12” x 24” porcelain tile flooring in laundry closest and laundry rooms
Motorized roller shades with 95% UV blockage in kitchen, living, dining, family, and dens/flex/office spaces
Manually operated roller shades with 99% UV blockage in all bedrooms for added privacy
Flat-painted ceilings with recessed pot lighting in entry, kitchen, bathrooms and corridors
Contemporary flat profile painted baseboards and door casings
Over-height 9’ flat-painted ceilings throughout living spaces in most homes create a grand and open feeling
7’ oversize painted solid core interior doors with premium satin nickel door hardware
Automated lighting in living areas complemented with built-in speakers with sound control in kitchen, to reflect your daily mood
SPA-LIKE BATHROOMS
Generously sized floating vanity features painted wood cabinets, integrated finger pulls with soft-close mechanism, polished marble stone slab countertops with 4” mitered apron fronts, 10” backsplash, and under-mount wash basins with motion-controlled under-cabinet LED lighting to elevate the spa experience
Oversized mirrors with integrated LED lighting
Master ensuites or primary bathrooms showcase 24” x 24” polished marble or honed limestone tile floor and walls with matching 2” x 6” shower floor tile (refer to scheme)
12” x 24” porcelain tile on second bathroom floors with matching 24” x 48” wall tile and 2” x 2” shower floor tile in secondary bathrooms
Brushed nickel widespread vanity faucets in master or primary bathrooms, and single lever vanity faucets in secondary bathrooms
Water-conscious low flow dual-flush elongated toilet with soft-close seat
NuHeat electric floor heating system with LCD signature touchscreen and wireless control in all bathrooms
Freestanding soaker tub with brushed nickel floor mounted tub filler and hand shower, for ultimate relaxation (refer to plan)
Oversized walk-in showers encased in frameless glass and floor-to-ceiling marble tile feature marble mosaic tile floors with tile drain and niche for convenient storage, as well as brushed nickel single-lever pressure-balanced control, rain shower head, and hand shower on slide bar
SAFETY & SECURITY
Electronic key-fob controlled access at main building entry points
Controlled underground parkade with secured entry gates and ample lighting
All homes prewired for in-suite security systems
Solid core suite entry door with Mortise lock set and peephole
State-of-the-art fire protection including sprinklers and smoke detectors in every suite
Restrictions
Restrictions updated:
January 2011
Construction Information
Year Built
2022
Levels
26
Construction
Concrete
Strata Information
Strata Plan #
Units in Development: 124
Units in Strata: 124
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