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Building Info
The Grande 305 Capilano Road, Port Moody, BC, Canada, V3H 5N1. The Grande is a new 26-storey tower project at Suter Brook Village by Onni Developments. There are options between one, two, and three bedroom units that feature mountain and ocean view options set within a convenient, public transit-friendly neighbourhood.
Most homes feature expansive, nine-foot flat-painted ceilings and contemporary wide plank laminate flooring with a choice between two colour palettes. Gourmet kitchen sets include refrigerators with bottom mount freezers and a Fulgor Milano stainless steel five-burner gas cooktop. Contact the sales team for full features.
The Grande is steps away from Inlet Centre Station on the Evergreen Line, connecting residents to Coquitlam, Burnaby, New Westminster and Vancouver in under 30 minutes. Those with cars can connect to Port Coquitlam via Lougheed Highway, or go into Vancouver and Burnaby via Barnet Highway quickly and efficiently.
Surrounding The Grande are several area amenities including access to White Pine Beach and Buntzen Lake in under 20 minutes. Across the street is the beloved Newport Village, which features several mom and pop shops and restaurants that locals flock to. There are also several schools and recreation centres located within a 15-minute driving radius.
Official Website: www.onni.com/thegrande Phone: 604-552-0552 Email: thegrande@onni.com Sales Address: 601 - 220 Brew Street Port Moody
Strata Sub Categories: Strata
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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