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Receive more information about Cambie+7
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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
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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
Cambie+7 - 538 W 7th Avenue, Vancouver, BC V5Z 0A1, 10 storeys, 51 condos + 6 townhouses, estimated completion in August 2014. Developed by Yuanheng Holdings Ltd., Cambie+7 is a boutique concrete 10-storey condo and townhome development located on West 7th Avenue about halfway between Cambie and Ash streets in the Fairview Slopes neighborhood of Vancouver West BC. This glass-and-brick tower will offer the ground floor fitness centre, multi-purpose room, bike lockers, landscaped terraces, and 57 sophisticated homes.
Designed by award winning W.T. Leung Architects, these one, two and three bedroom homes range from 465 to 1,100 sq. ft. and showcase dramatic architecture with brick clad facade and sleek expanses of glass reaching skyward. Contemporary interiors feature engineered laminate flooring, floor-to-ceiling windows, GE front-load washer & dryer, Fisher & Paykel stainless steel appliances, white lacquer upper cabinets, Caeserstone quartz countertop and backsplash, and marble-tiled bathrooms. Every condo has one parking stall and one enclosed or open balcony; some have spacious terraces with stunning views of the city and North Shore mountains.
Cambie+7 is located on a quiet tree-lined inner street, steps from two Canada Line SkyTrain Station, the False Creek seawall/waterfront, Best Buy, Milestone Restaurant, Whole Foods Market, Save-On, Home Depot, Starbucks, and HomeSense, and minutes to Vancouver General Hospital, Downtown, Yaletown, Chinatown, and South Granville.
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
Covid-19 pandemic cause increase demand for housing
“In the absence of a marked uptick in inventory, the current relationship between demand and supply supports continued double-digit average home price growth this year,” the real estate board’s chief market analyst, Jason Mercer, commented in the report.
The province has already introduced and extended a rent freeze during the COVID-19 pandemic, and it says in a news release Monday that new legislative changes will keep it in place through Dec. 31.
The pros and cons of purchasing the upgraded condo building compare to the newly build one
“Capacity is also a problem—most managers struggle to keep up with their day-to-day activities, so targeting reductions doesn’t happen much because they’re trying to keep their heads above water.”
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