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Circle at Concord Brentwood MLS® Listings
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Building Info
Circle at Concord Brentwood - 4750 Kingsway, Burnaby, BC V5H 2C2, Canada. Located at Kingsway & McMurray in the neighbourhood of Metro Downtown. Comprising a 662 beautiful condo units, 65 stories with estimated completion in 2026. Under development by Concord Pacific. Complete modern living at Circle at Concord Brentwood. The master-planned community features a collection of ultramodern homes and exclusive, resort-inspired amenities tailored to residents of all ages. Offers a spacious 2- & 3-bedroom units have an open layout that effortlessly adapts to your routines. Each unit is designed for year-round wellness & entertaining, featuring European stainless steel kitchen appliances and smart storage solutions. Bright, minimal colour palettes and finishes offer a perfect canvas for personalization.
Concord Metrotown benefits immensely from its proximity to the Metrotown SkyTrain station, offering residents seamless connectivity to downtown Vancouver and surrounding areas. Its central location near Bonsor Recreation Complex and only an 8-minute drive from BCIT further emphasizes its appeal to professionals and students alike. This proximity ensures that residents have immediate access to a vast range of retail, restaurants, and services, enhancing the convenience and quality of urban life.
Sales Centre: www.prompton.com Phone: 604-435-1383 Strata Sub Categories: Strata Condos
4/24/2024 CONCORD METROTOWN by Concord Pacific, 4750 Kingsway, Burnaby, BC Metro Vancouver Construction Projects & Buildings 669 subscribers Subscribe 19 Share
Concord Brentwood
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Vancouver council open to increasing slots, table games at existing casinos
Vancouver city council voted this week to allow for applications to increase the number of slot machines and tables at the city’s two casinos, on the condition they be accompanied by an assessment of their social and economic impacts.
The request to amend the city’s 2011 gambling moratorium was made by the B.C. Lottery Corp., which told council the city’s population has increased 22 per cent in the past decade and that the amendment is a first step to allow BCLC to look at ways of expanding its two existing facilities — the Parq casino in Yaletown and Hastings Racecourse in East Vancouver — rather than building more casinos.
The city has contributed more than $172 million to non-market housing in the form of land
The City of Burnaby has a total of 1,040 non-market housing units, including rentals and co-ops, just built or in development on its land, according to a new city report, and there’s more on the way.
The city lands program for non-market housing, which was adopted in 2015, leases city-owned lands at a nominal rate to non-profit housing providers through a public request for proposals (RFP) process.
The city has contributed about $172.44 million as part of the program, including land, grants and on-and-off-site works, according to the report which accounts for 11 projects that recently completed or were in progress as of March 2024.
The assessed value of the land makes up more than $120 million of that $172-million total contribution for the 11 projects.
Household Financial Health and Housing Market Trends
According to the March 2024 Edge Report, current trends in debt service ratios and net worth may indicate areas of concern. The prevalence of static payment variable rate mortgages, household debt-to-GDP ratios, and Canada’s heavy reliance on real estate assets, may raise concerns about resilience.
In Q4 of 2023, debt servicing costs stayed stable, with the household debt service ratio holding steady at 15%. This ratio, which reflects the portion of disposable income allocated to debt repayment, remains significantly high, at levels not seen since 1990. A minor adjustment downwards from the previously reported peak of 15.2% in Q3 should be noted, however.
The federal government’s new Housing Plan, announced on April 12, 2024 and supported by Budget 2024, introduced a provision aimed at helping renters build credit by integrating rent payments into credit histories. It proposes amendments to the Mortgage Charter, encouraging collaboration among fintech companies, credit bureaus, and lenders to include rental payment data in credit scores.
The government calls on these agencies to create an ecosystem where renters can choose to include their rental payment history in their credit scores. It also expects lenders to prioritize comprehensive credit information, including rental payment history, in credit evaluations whenever feasible.
Federal Budget 2024: What are the proposed capital gains tax changes and how might they affect me?
The capital gains tax inclusion rate – today and tomorrow
Today, only 50% of the capital gain is taxable (this is known as the capital gains tax inclusion rate). This means that $50,000 of the $100,000 earned from the sale of the cottage in our example is added as income for that tax year.
Here’s an example:
Your regular income, earned from your full-time job, is $75,000
You make a $100,000 profit from the sale of your cottage (after you pay real estate fees, closing costs, etc.)
50% of the profit is taxable, which means you add $50,000 to your income during the tax year in which you realized this capital gain
$75,000 + $50,000 = a total income for that tax year of $125,000
The amount of tax you ultimately pay in that year will depend on your tax bracket and its marginal tax rate.
Featuring three beautiful spheres of private gardens and gathering places — all connected with a network of pathways and a revolutionary 400m running loop — the 66,000-sq-ft Sky Park level is the crown jewel of the project. From the iconic conservatory to the barrel saunas, from the outdoor sports court to the majestic orangerie, Sky Park caters to physical and mental wellness of its residents.
Wellness Sphere
Outdoor Sports Court
Conservatory
Pet Spa & Dog Park
Yoga Lawn
Fitness Centre
Hydro Sphere
Swimming Pool
Barrel Sauna
Children’s Water Play Area
Tea House
Community Sphere
Co-working Space
Outdoor Work Pods
Entertainment Lounge
Orangerie
Additional indoor amenities include a “Gear-Up Zone” on Level 2, consisting of:
Gear Room with Bike Loop
Virtual Bike Room
Gaming Lounge
Bike-in/Bike-out Storage
Guest Suites
Restrictions
Restrictions updated:
January 2011
Construction Information
Year Built
2026
Levels
65
Construction
Concrete
Strata Information
Strata Plan #
Units in Development: 662
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