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Receive more information about The Regent at King Edward
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Thank you for visiting
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The Regent at King Edward MLS® Listings
3523 W KING EDWARD.. 4 Bed, 4 Bath,2469 Sqft. $2,788,000eXp Realty
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
The Regent at King Edward - 523 West King Edward Avenue, Vancouver, BC V5Z 2C4, Canada. Crossroads are West King Edward Avenue and Cambie Street. This concrete low-rise residential building is 6 storeys with 66 units. From the exterior, the development will impress with its striking modern architecture. Interiors are lavishly appointed with over-height ceilings, air conditioning, private rooftop balconies for penthouse units, and remarkable ground oriented duplex-homes. The Regent at King Edward will promote sustainable building practices that are environmentally responsible by aspiring for LEED Gold certification. Developed by Regent International. Architecture by GBL Architects. Interior design by Christina Oberti.
The Regent at King Edward will have the most accessible address in the Cambie Corridor when it comes to accessing the King Edward Canada Line station for a convenient ten-minute ride to downtown Vancouver or to Richmond. Travel to UBC in under thirty minutes by bus, or in about twenty by car. As an added transit option, homeowners will have a free membership to Modos onsite car share program, and will have access to a docking station as part of Vancouvers upcoming Public Bike Share System. All of this will help make life at the Regent even more convenient.
The RE/MAX® brand delivers notable advantages – for agents with a RE/MAX brokerage
As the 2024 RE/MAX vs. The Industry report shows, RE/MAX agents are the most productive, meaning they close more transaction sides than other real estate agents, on average. In fact, RE/MAX agents closed an average of 11.8 transaction sides throughout 2023, nearly double that of the competition
But productivity isn’t the only place RE/MAX shines. The annual report, which ranks the results of national, full-service brokerage brands in the U.S., also highlights that the balloon-backed brand dominated in unaided brand awareness at 36.4%.
Canadian mortgage payments went from virtually nothing to very high
Canadian mortgage payments went from virtually nothing to the highest level in well over a decade, inflicting pain on mortgage borrowers. However, the value of homes also surged. In fact, from the rate cuts that sent home prices surging in March 2020 to the end of 2023, the growth rate of home prices outpaced the increase in the average mortgage payment on file at Equifax. This was true in most of Canada’s largest cities, especially in Eastern Canada where the average household’s payment significantly lagged home price growth.
Canadian Home Values Climbed Faster Than Mortgage Payments
B.C. housing market showing signs of marginal improvement
B.C.’s housing market saw a slight improvement in March as home sales nudged higher following a 5.9-per-cent decline in February. Sales increased 0.7 per cent to reach 5,866 unit sales. Home prices rose 1.8 per cent. This said, housing momentum has waned in the last few months as buyer sentiment shifted amid interest rate uncertainty.
MLS home sales increased in most of the province’s real estate board areas. The Greater Vancouver area saw home sales increase by 1.4 per cent following a decline in the previous month. In Chilliwack, home sales increased only slightly—by just 0.5 per cent—while the Kootenays reported a 17.2-per-cent increase. Home sales also rose 9.4 per cent on Vancouver Island, and were unchanged in the Fraser Valley. However, the Okanagan-Mainline and South Okanagan areas recorded sales declines of 8.9 per cent and 19 per cent, respectively.
Lethbridge industrial market strengthens as options limited
Western Canada’s industrial markets are at an inflection point as demand normalizes and the pause that hit new construction last year begins to make itself felt.
Conservative market sentiment is now creating the conditions for stronger performance in 2024, Avison Young reports, with cities like Lethbridge poised to see a landlord’s market for industrial space.
Lethbridge reported a 4.1 per cent vacancy rate in the first quarter, up from 4 per cent at the end of 2023. But space under construction is down more than half from last year to 50,000 square feet, creating potential supply constraints.
That change will have significant implications for cottage owners. Many have seen the value of their properties skyrocket in recent years, which could cause them to kick the tires and sell before the higher tax rules kick in.