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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
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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
The Arbutus - 2888 Arbutus Street, Vancouver, BC V6J 3Y7, Canada. Crossroads are Arbutus Street and West 13th Avenue. The Arbutus is a 4-storey, mixed-use community that includes 2 commercial retail spaces on either side of the lobby, with 3 levels of residential homes that have been designed to accommodate the lifestyles of singles, couples, downsizing seniors, and families with children. The Arbutus is an intimate community of 20 homes created to give a you a life where the best of Kitsilano living comes naturally. Estimated completion in 4th quarter of 2020. Developed by Origin Properties. Architecture by NSDA Architects. Interior design by Cristina Oberti.
Located at the southeast edge of Kitsilano, The Arbutus is in a walkable neighborhood and is surrounded by shopping, dining and easy access to transit. Within walking distance to the proposed Arbutus St. Millennium Line train station as well as the proposed LRT line along the Arbutus Corridor, The Arbutus is also right beside the bike and pedestrian route of the new Arbutus Greenway.
Official Website: thearbutus.com Phone: 604-307-0607 Email: info@thearbutus.com Sales Address: 2090 Alma St, Vancouver, BC
Strata Sub Categories: Strata Condos
Canadian government releases more details regarding its five year Housing Supply Challenge
The first round, dubbed the Data Driven phase, will attempt to address gaps in housing data “through technology or methodology-based solutions to improve data collection, sharing, analysis and integration, thus improving decision-making on housing supply,” the Canada Mortgage and Housing Corporation said late last week.
Condo investor lost much of their down payments during Covid-19 pandemic - analysis
After taking insurance into account, and assuming a 5% down payment, this translates to an average of 78% of a condo buyer’s down payment lost. As a disclaimer,Better Dwellingsaid that this calculation did not include any possible payments over the period due to the widespread loss of income nationwide.
Using the same calculation, Toronto was found to be especially worse off. Average condo price decline from April was at 1.86%, translating to a negative 111.2% return in equity. Even including payments over the period only leads to around 0.827% equity.
City of Vancouver, the lowest tax rate for commercial property among major Canadian cities
The tax shift is measured by a commercial-to-residential ratio that compares the commercial tax rate to the residential tax rate. For example, if the ratio is 2.50, a commercial property valued at $1 million dollars would incur property taxes 2.5 times higher than an equally-valued residential property.
Highlight on 2021 with regards emerging trends in Canadian real estate
“The coming year will be all about embracing opportunities to be resilient in the face of uncertainty, while shifting strategies in anticipation of market headwinds,” says Frank Magliocco, PwC Canada’s national real estate leader. “For the first time in a few years, we’re hearing divergent views from industry players about issues like the future of office spaces and the urbanization and suburbanization trends.”
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