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Sylvia Tower MLS® Listings
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Building Info
Sylvia Tower at 1861 Beach Avenue Vancouver BC V6G 1Z1 strata plan No. VAS1625, 17 suites, 17 levels, built 1986, crossing roads: Beach Avenue and Gilford Street.
Situated in Vancouver's most sought-after location, Engish Bay waterfront, next to Stanley Park, with unobstructed views the ocean & picturesque evening sunsets, 'Sylvia Tower' has a very prestigious address as part of the Historic Sylvia Hotel on Beach Avenue. This seventeen-storey building contains thirteen apartments, one per floor. It is capped by a two storey penthouse, featuring a prismatic glass turret that screens views of the mechanical and elevator hoists.
The Sylvia Tower paved the way for a revival of the "small plate" high rise in the West End of Vancouver. This tall, thin tower introduced the concept of numeric-view analysis as a means of reconciling view and light for neighbours. In the twenty years since its completion, the small-plate high-rise has become one of the defining characteristics of housing on the Downtown Vancouver peninsula.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 30,944 in 2020, a 22.1 percent increase from the 25,351 sales recorded in 2019, and a 25.7 percent increase from the 24,619 homes sold in 2018.
November 2020 Market Insights
REBGV 23% increase on Listing in MLS from last year. For November 2020 over 4068 newly listed. Continuing demand for Detached Home and Townhouse with the benchmark price of $1,044,000
October 2020 Market Insights
October 2020 showing a robust Sales-to-Active Listing Ratio with a high mark of 30% means that Market conditions prices typically stable based on the given the baseline of 12-20%. Based on this given data the continued demand for Townhomes, Detached Homes
September 2020 Market Insights
September had a fantastic sales of 56% over the same period last year. Listings were 32% over last year
Real Estate Related News Articles(Sun and Province)Search News
Q1 net income increase compare to previous quarter
The bank’s capital position remained “robust”, with a CET1 ratio of 12.5% “supporting strong volume growth and $1.5 billion in common share dividends paid.” RBC also boasted of a strong average Liquidity Coverage Ratio (LCR) of 141%.
According to CREA, as the spring market approaches, the current pace of home sales growth might be inhibited by an evident lack of supply, particularly in Ontario markets, to meet growing home buyer demand.
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