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Building & Condo information

Century Tower

789 Drake Street


Vancouver West, V6Z 2N7 VVWDT - Downtown VW

Developers Website: pci-group.com
  • Levels: 19
  • Suites: 122
  • Status: Completed
  • Built: 1991
  • Title To Land: Freehold Strata
  • Building Type: Strata
  • Strata Plan: VAS2692
  • Management company:  Quay Pacific Property Mana
  • Phone  604-521-0876  
  • E-mail  info@quaypacific.com  
  • Management Co. Contact:  Joan Bird Email:  joan@quaypacific.com Phone:  604-521-0876 Ext 241
  • On Site Manager Contact: Carlos, 778-870-6975
  • Bldg#: 6234

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Century Tower MLS® Listings

1505 789 DRAKE STR.. 2 Bed, 2 Bath,761 Sqft.  $665,000 Century 21 In Town Realty
1602 789 DRAKE STR.. 2 Bed, 2 Bath,733 Sqft.  $659,000 RE/MAX Performance Realty
1203 789 DRAKE STR.. 1 Bed, 1 Bath,647 Sqft.  $599,000 Engel & Volkers Vancouver
1205 789 DRAKE STR.. 2 Bed, 2 Bath,763 Sqft.  $699,000 RE/MAX Crest Realty
201 789 DRAKE STREET 0 Bed, 1 Bath,403 Sqft.  $479,800 RE/MAX City Realty

MLS® Listings Summary (5) New Projects under Construction  Area MLS® Listings  Team Listings 
(Open houses highlighted in yellow)

MLS® Address Style BD BA Area Mnt Price F/Plan
1 R2612173 1505 789 Drake Street Inside Unit, 2 2 761 $443 $665,000
2 R2617559 1602 789 Drake Street Inside Unit 2 2 733 $444 $659,000
3 R2625443 1203 789 Drake Street 1 Storey,upp 1 1 647 $387 $599,000
4 R2620644 1205 789 Drake Street Inside Unit 2 2 763 $443 $699,000
5 R2562612 201 789 Drake Street Corner Unit 0 1 403 $225 $479,800
Listings Listed By:  1. Century 21 In Town Realty    2. RE/MAX Performance Realty    3. Engel & Volkers Vancouver    4. RE/MAX Crest Realty    5. RE/MAX City Realty   
Legend: BD - Bedroom, BA - Bathroom, Mnt - Maintenance Fee, $/sqft - Dollars per square foot.
MLS® Listings Summary Print view

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

Century Tower - , , BC V6Z 2N7, VAS2692 - located in Downtown area of West, near the crossroads Drake Street and Howe Street. Century Tower is just a few blocks to all the restaurants, clubs and shopping in Westend to the west, Yaletown to the east and Concord Pacific Place to the south. Two blocks walk to waterfront and Beach Ave.Walking distance to Choices Market, Emery Barnes Park, International Film Centre, Helmcken Park, Waves Coffee, Pacific Cinematheque, Wall Centre, Language Studies International, Royal Bank, Scotia Bank, Spa, UBC Robson Square, Seawall, David Lam Park, Quayside Marina at Concord Pacific Place, Scotiabank Dance Center, CSIL Canadian As A Second Language Institute, Spa Beauty+Welness Centre, Exhale Yoga Pilates & Dance Studios, Pacific Chiropractic, Massage Therapy, Bambu The Salon, Dairy Queen, Blenz Coffee, Yaletown YYoga, 24-7 Fitness in Yaletown, Kostuik Gallery, Shoppers Drug Mart, Urban Fare, Roundhouse Community Arts and Recreation Centre. Restaurants in the neighbourhood area La Terazza, Games Big Fish, Earls, Yaletown Keg Steakhouse and Bar, Urban Thai Bistro, Hapa Izakaya, Cactus Club Cafe, George Lounge, Fresh Japanese Take out, Drew Cooks and much more. The bus stops near the complex and Yaletown-Roundhouse Skytrain Station and Stadium-Chinatown Skytrain Station are about 10-minute walk from the complex. Century Tower was built in 1991 with a concrete construction and mixed exterior finishing. This complex consists of 121 units and 4 commercial units. This 19-level building offers an elevator, shared laundry and secure underground parking. The building re-plumbing completed in 2003. Most homes feature laminate floors, stainless steel appliances, balconieis and storage lockers.

The bylaws do not allow for laundry machines or dryers as there is no venting for dryers. The only laundry machine that would be acceptable is the one in the condensing laundry machine which does not require venting and also is a low flow machine which would not affect the current plumbing system.

All parking stalls are rented on a first come first serve basis. The owner would have to arrange for parking through the building manager, Carlos 604-681-6084 and they are $50 per month.

The building does not allow cats or dogs and if the dog is a service dog the owner must provide the Strata with a letter confirming the dog is a service dog.

Musical instruments are not allowed to be played within the strata lot.

The next big project that needs to be done is the Parking Garage Roof Deck Membrane. We have done some temporary repairs however the roof deck membrane will most likely need to be replaced in 2018 as the membrane has failed in many areas.

The upper roof deck was just completed this last summer 2016.

 

Strata Sub Categories: Strata
 

Century Tower Technical Info

Building Name Century Tower
Address 789 Drake Street
City Vancouver West
Neighborhood Downtown VW
Listing Price Range N/A
Floors 19
Units in Development: 122
Units in Strata:122
Property Types Freehold Strata
Sub Categories:Strata
Year Built 1991
Developer PCI Group
Strata Website quaypacific.com/home.html
Management Quay Pacific Property Mana
  604-521-0876
  604-525-1299
 info@quaypacific.com
Mgt. Co. Contact:  joan@quaypacific.com
  Joan Bird
  604-521-0876 Ext 241
Restrictions Details
Strata Plan VAS2692
Strata Plan Log-in VAS2692
Title to Land Freehold Strata
Emporis Century Tower
  

Century Tower Building & Common Area Photos

Century Tower, 789 Drake Street - Suite Summary View All 

# Suite Address Postal S/L PID Plan No S/F BA BD
1 201 789 Drake V6Z 2N7 9 016259441 N/A 397 sq.ft. N/A Studio + Deck
2 202 789 Drake V6Z 2N7 8 016259432 N/A 586 sq.ft. N/A 1 Bedroom + Deck
3 203 789 Drake V6Z 2N7 7 016259416 N/A 688 sq.ft. N/A 1 Bedroom + Deck
4 204 789 Drake V6Z 2N7 6 016259394 N/A 570 sq.ft. N/A 1 Bedroom + Deck
5 205 789 Drake V6Z 2N7 5 016259378 N/A 584 sq.ft. N/A 1 Bedroom + Deck
6 206 789 Drake V6Z 2N7 4 016259351 N/A 688 sq.ft. N/A 1 Bedroom + Deck
7 207 789 Drake V6Z 2N7 3 016259343 N/A 590 sq.ft. N/A 1 Bedroom + Deck
8 208 789 Drake V6Z 2N7 2 016259335 N/A 397 sq.ft. N/A Studio + Deck
9 301 789 Drake V6Z 2N7 17 016259521 N/A 397 sq.ft. N/A Studio + Deck
10 302 789 Drake V6Z 2N7 16 016259513 N/A 578 sq.ft. N/A 1 Bedroom + Deck
Floor Plan Creator 

Typical Floor Plan (Click image to go to BCFP)

JPG VIEW

Typical Floor Plan (Click image to go to BCFP)

JPG VIEW

Complex Site Map 3(Click image to enlarge)

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Complex Site Map 4(Click image to enlarge)

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Century Tower Videos

http://www.youtube.com/watch?v=P_6llpylKS0

Century Tower Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

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Bing Areal View
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Featured Properties

5870 GRANVILLE STR.. 5 Bed, 3 Bath,3300 Sqft.  $4,000,000 RE/MAX Crest Realty
3F 1067 MARINASIDE.. 3 Bed, 3 Bath,1668 Sqft.  $3,475,000 RE/MAX Crest Realty
7353 YEW STREET 4 Bed, 4 Bath,4205 Sqft.  $3,200,000 RE/MAX Crest Realty
5828 GRANVILLE STR.. 4 Bed, 4 Bath,2300 Sqft.  $4,000,000 RE/MAX Crest Realty
2003 999 SEYMOUR S.. 2 Bed, 1 Bath,711 Sqft.  $875,000.00 RE/MAX Crest Realty
910 ROBINSON STREET 5 Bed, 2 Bath,2000 Sqft.  $1,490,000.00 RE/MAX Crest Realty
1203 1277 NELSON S.. 2 Bed, 2 Bath,948 Sqft.  $897,000.00 RE/MAX Crest Realty
316 8520 GENERAL C.. 2 Bed, 2 Bath,1018 Sqft.  $499,999.00 RE/MAX Crest Realty

Other Buildings in Complex/Area

  1. A Maddox - 1351 CONTINENTAL STREET - EPS1290
  2. B Tate Downtown - 1283 Howe STREET - EPP30416
  3. C Tate on Howe - 1265 Howe STREET - EPP30416
  4. D 1237 Howe - 1237 Howe STREET -
  5. E Salt - 1308 HORNBY STREET - EPS1991
  6. F The Rolston - 1300 GRANVILLE STREET - BCP44361
  7. G Alto - 1205 HOWE STREET - BCS3664
  8. H 1212 Howe - 1212 HOWE STREET - VAS2282
  9. I Pure - 1252 HORNBY STREET - BCS3215
  10. J 1335 Howe - 1335 Howe STREET - EPP59620
  11. K Rolston - 1325 ROLSTON STREET - EPS1755
  12. L Hornby Court - 1330 HORNBY STREET - VAS1681
  13. M Landis Hotel Ste - 1200 HORNBY ALLEY - LMS760
  14. N One Burrard Place - 1289 Burrard ST - EPP44019
  15. O Elan - 1255 SEYMOUR STREET - BCP10699
  16. P Portofino - 1383 HOWE STREET - LMS1554
  17. Q Portofino II - 1381 HOWE STREET - LMS1554
  18. R Anchor Point - 1333 HORNBY STREET - VAS1184
  19. S 1188 Howe - 1188 HOWE STREET - LMS1468
  20. T Anchor Point - 950 DRAKE STREET - VAS1183
  21. U The Pacific - 801 Pacific STREET - EPP72597
  22. V One Burrard Place - 1281 Hornby STREET - EPP44019
  23. W Space - 1238 SEYMOUR STREET - LMS2446
  24. X Chelsea Terrace - 1040 PACIFIC STREET - VAS1047
  25. Y The Pacific by Grosvenor - 889 Pacific ST - EPP72597
  26. Z The Genesis - 1189 HOWE STREET - LMS3729
View All Buildings in Vancouver West

September 2021 Market Insights

August 2021 Market Insights

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,152 in August 2021, a 3.4 per cent increase from the 3,047 sales recorded in August 2020, and a 5.2 per cent decrease from the 3,326 homes sold in July 2021.

July 2021 Market Insights

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,326 in July 2021, a 6.3 per cent increase from the 3,128 sales recorded in July 2020, and an 11.6 per cent decrease from the 3,762 homes sold in June 2021.

June 2021 Market Insights

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,762 in June 2021, a 54 per cent increase from the 2,443 sales recorded in June 2020, and an 11.9 per cent decrease from the 4,268 homes sold in May 2021.

May 2021 Market Insights

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,268 in May 2021, a 187.4 per cent increase from the 1,485 sales recorded in May 2020, and a 13 per cent decrease from the 4,908 homes sold

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"In addition to being illegal, the conduct undermines consumer protection, consumer confidence and the reputation of the real estate profession as a whole," said the notice.

Across the country, the National Realtor Code of Ethics, as well as provincial real estate laws, dictate that agents must act with honesty and promote the interests of the individual they represent. Some provincial laws, including in Alberta and Ontario, address the issue of steering specifically.


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2 Canadians hoping to enter the housing market to homeownership for qualified first-time buyers

 It remains to be seen whether proposed tweaks can revive the much-maligned federal program

On paper, it seemed a welcome break for Canadians hoping to enter the housing market: a federal incentive program aimed at reducing the monthly mortgage burden and easing the passage to home ownership for qualified first-time buyers.

Over two years after its introduction, though, the jury is still out on whether the First-Time Home Buyer Incentive, unveiled by the federal government in September 2019, has had any significant impact in addressing the mounting challenges faced by would-be homeowners across the country.

Figures released to Parliament in April painted a damning picture of the program, revealing that it had seen an uptake of just over 9,000 successful applicants since its introduction – with the $170 million released in incentives representing a small fraction of the program’s $1.25 billion overall value.

One of the most significant stumbling blocks in the incentive, which offers mortgage relief through a shared-equity program between homebuyers and the government, appeared to be the fact that ever-soaring house prices across much of Canada meant that it had little impact on prospective buyers in the country’s hottest markets.

While the government introduced changes to the program late last year – announcing increased household income and buyer’s income thresholds for Vancouver, Victoria and Toronto – those amendments still meant that the program’s maximum eligible home price remained well below the going rate in those markets.

The program has faced staunch opposition from the get-go, with Conservative MPs Tom Kmiec and Stephanie Kusie urging the government to scrap the scheme in May 2020 after it had been in operation for less than a year.

Read more: Conservative MPs urge feds to eliminate First-Time Homebuyer Incentive

Still, the governing Liberals have stuck resolutely by the plan, announcing in their platform prior to September’s federal election – in which they were returned to government, having emerged once more as the largest party in Parliament – that they would retain and rejig the scheme if re-elected.

Under that platform’s proposals, changes to the program would give applicants a choice between the current shared-equity approach and a loan that’s repayable when the property is eventually sold – theoretically allowing new homebuyers to keep more of any increase in their home’s value while also reducing mortgage costs.

CanWise Financial president and RateHub co-founder James Laird told Canadian Mortgage Professional in recent weeks that the First-Time Home Buyer Incentive was an “illogical, complex program” that made little sense and should have been abandoned completely, rather than reworked.

In Newfoundland and Labrador, Robert Jennings (pictured top), owner and mortgage broker at East Coast Mortgage Brokers, said that while the scheme was often raised as a topic among clients, actual uptake had proven limited.

“I would say we have a fair amount of conversations, but it doesn’t lead to a lot of usage,” he said. “The usage rate is very low. I believe if I were to pinpoint it, the lean on the property [government involvement] would be really discouraging to a young, proud first-time homebuyer.

“I feel like maybe in Newfoundland in particular, there’s a home ownership pride that they don’t want to share or give up… Of course, there’s the eligibility issues as well. It seems like in a lot of cases trying to put a square peg in a round hole.”

Read next: What the Canada election result means for the mortgage industry

While Jennings said that the scheme had arguably fallen short in its attempts to create a smoother path to first-time home ownership, he believes efforts at a federal level to address the country’s growing housing affordability crisis are to be applauded.

“Everybody made it a big deal in their platforms – not just first-time home ownership, but home ownership in general and affordability,” he said. “I just really hope that they re-evaluate everything.

“They had good intentions, but I feel like they missed the mark. There’s no reason not to try; the problem’s not going away. I’d like to see what happens when the dust settles and I hope that it [the housing crisis] remains a priority, because they certainly made it seem like it would on the campaign trail.”

A good place to start, Jennings said, would be for the federal government to work collaboratively with stakeholders and those who work daily in the mortgage and housing industries – whether that be on changes to the stress test or potential longer-term amortizations.

“What I want is them not to do things blindly,” he said, “to embrace input, do their homework and try to get it done – but also get it done right.”

 

 

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