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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
Rolston - 1325 Rolston Street, Vancouver, BC V6B 0M2, 23 storeys, 187 units, strata plan EPS1755. Redeveloped as mixed use, restoring the Yale Hotel, Rolston is an imposing 23 storeys of concrete and glass at the corner of Granville and Drake Street in the evolving neighborhood of Midtown. The Rolston will be built to LEED Gold equivalency standards, and include two common rooftop decks: one will be mid way up to the 16th floor that will be called The Terrace at The Rolston, and contain an outdoor bar, tables and chairs; the second common area called the Gardens at The Rolston will be on the top of the building and contain dining facilities, yoga studio, community garden spaces and panoramic views. The Rolston is developed and designed by a professional team: Rize Alliance Properties, IBI/HB architecture, and Cause + Affect Interior Designer.
Showcasing West Coast modernism architectural style with a dynamic tiered exterior expression and cutting edge design, Rolston is a new landmark tower in Downtown Vancouver. Its studios, 1 bedroom, and 2 bedroom homes ranging from 461 to 890 sq. ft. feature quality laminated floors, granite countertops, sleek stainless steel appliances, custom-designed built-in wardrobes and closets, tile-surround soaker tubs, and much more. Expansive floor-to-ceiling windows bring in natural light and each suite comes with large patios/balconies for outdoor living.
Rolston is situated within the downtown core, at the edge of the business district, Yaletown and the West End, making everything easily reachable. Rolston is only blocks away from Canada Line SkyTrain Station, St. Paul's Hospital, False Creek, and David Lam Park, casual stroll to Robson Square and English Bay, and a short drive to Stanley Park, UBC and West Vancouver.
Conference Board of Canada foreseeable outlook for Canadian Real Estate economy
The Board’s Canadian Outlook Summary: Summer 2020, in contrast to projections made by institutions like the Canadian Mortgage and Housing Corporation, predicts less dramatic declines in housing prices, but its remaining insights track closely with projections that see the damage done to Canada’s economy at the hands of COVID-19 lingering well into 2021.
Prices steady as resale home sales increase Metro Vancouver's June housing sales up month-over-month and 17 per cent above June 2019 with prices higher than a year ago
The total number of homes currently listed for sale on the MLS system in Metro Vancouver is 11,424. That's 23.7 per cent down from the 14,968 homes that were listed for sale in June 2019, but up 15.1% per cent from the 9,927 listed properties in May 2020.
For all property types, the sales-to-active listings ratio for June 2020 was 21.4 per cent. By property type, the ratio is 19.9 per cent for detached homes, 25.2 per cent for townhomes, and 21.3 per cent for apartments. Real estate insiders tend to describe the market as a “buyers’ market” when the sales-to-active-listings ratio is less than 12 per cent, and a “sellers’ market” when that ratio is above about 20 per cent for several months in a row.
Sales of detached homes in June reached 866, up 16.1 per cent from the 746 detached sales recorded in June 2019. The benchmark price for a detached home was $1,464,200, up 3.6 per cent from June 2019, and up 0.5 per cent from May 2020.
RE/MAX: COVID-19 can’t slow demand in Toronto real estate market
COVID-19 has not significantly deterred buyers in Toronto due to the market-friendly monetary and fiscal conditions driven by the federal government and the Bank of Canada, according to a RE/MAX analysis.
While employment levels have fluctuated and businesses have placed themselves on hold over the last few months, “at the same time, there has been sustained activity in the number of buyers compared to available listings,” RE/MAX said. “This is one of the chief factors in supporting price growth relative to last year’s pace, despite shifting market conditions.”
CoreLogic launches AI driven platform for real estate agents
CoreLogic said that OneHome streamlines communication between agents and home buyers during the purchase process, while also providing access to financing, insurance and home improvement providers.
Telling Tale of Two Hotel Sales in Victoria, an Award-winning Waterfront Property.
Sooke Harbour House made a name for itself internationally after Frederique and Sinclair Philip purchased the property in 1979. Their focus on locally grown food and seafood and a top-notch wine cellar earned them honours inside Canada and beyond. It has hosted movie stars and served as a movie-set location.
Rolston will be built to LEED Gold equivalency standard?s
two common rooftop decks: one will be mid way up to the 16th floor that will be called The Terrace at The Rolston, and contain an outdoor bar, tables and chairs;
the second common area called the Gardens at The Rolston will be on the top of the building and contain dining facilities, yoga studio, community garden spaces and panoramic views.
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