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Pacific Terrace MLS® Listings
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Building Info
Pacific Terraces - 3615 West 17 Avenue, Vancouver, BC V6S 1A3, strata plan LMS1712 - Located on West 17 Avenue and Dunbar Street in the desirable Dunbar subarea of Vancouver West, close to Dunbar Community Centre, Stong's market and Choices Market, library, transit and UBC. The notable landmarks around Pacific Terraces are Pacific Spirit Regional Park, Almond Park and Balaclava Park. Direct access to Dunbar Street and other major routs allows for an easy commute to surrounding destinations including Downtown, Richmond and Burnaby.
Pacific Terraces is close to Queen Elizabeth Elementary School, Lord Byng Secondary School, Monkey See Monkey Do Montessori and Bayview Community Preschool. Some excellent restaurants in the area include Lanotte Restaurant, Jethro's Fine Grub, Dunbar Sushi and many others.
Pacific Terraces is a three level complex built in 1995. It consists of 22 units featuring bright and functional layout, large windows and skylight for top floor units, cozy gas fireplace, laundry room with in-suite storage space and balcony. Building envelope remedial work completed in March 2012. Complex amenities include elevator, common rooftop deck, locker and secured parking. Maintenance fees include garbage pickup, gardening, gas, hot water and management. Don't miss your opportunity to own this amazing home.
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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