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The Arc Vancouver MLS® Listings
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Building Info
The Arc 998 Expo Boulevard, Vancouver, BC, V6Z 3G7. Sitting between the Nelson Street off ramp and the Smithe Street off ramp, The Arc an iconic and bold architectural design is a luxurious and timeless creation that defines the next generation of Vancouverism. The Arc is central to downtown and the thriving communities just outside the core, like Mount Pleasant, Cambie Village, BC Place and all the False Creek Amenities.
The Arc is a new proposal by Concord Pacific. Designed by Francl Architecture, The ARC features two contemporary towers, which are connected by a bridge and designed with curved forms to resemble a waving flag. The ARC's strikingly unique architectural facade will be the landmark of the neighbourhood at the northern foot of the Cambie Bridge.
Each residence will feature opulent and unique finishes, such as a movable wall (in the majority of suites) and an outdoor patio deck that offers spectacular views of the city, mountain and ocean. In addition, the resort-style amenities will be elevated to the 20th floor with glass bottom indoor swimming pool and a Sky lounge.
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.
Foreign landlord fails to pay taxes, CRA goes after tenant
It was a Tax Court of Canada case last year that went mostly under the radar by all except for the legal community who were taken aback by its implications for renters.
A Montreal tenant was audited and ordered to pay the tax he had failed to withhold on the monthly rent to his non-resident landlord, as required by law. As a result, he was ordered to pay six years’ worth of tax as well as the compounded interest and penalties. The Canada Revenue Agency (CRA) could not collect against his overseas landlord, so the Canadian tenant was on the hook.
Royal LePage expands footprint with Lower Mainland acquisitions
The importance of technology to residential property sales – and in turn the investors participating in the market – is once again in the spotlight with Royal LePage’s latest brokerage acquisition in Metro Vancouver.
Royal LePage Elite West, based in Port Coquitlam with offices in Maple Ridge and Abbotsford, announced April 2 that it had shed the Keller Williams banner, becoming the largest-ever Keller Williams conversion Royal LePage has seen as brokerages reassess their affiliation in the wake of turmoil in the U.S.
“They’re happy to be joining a Canadian company,” Phil Soper, president and CEO of Royal LePage, explained toWestern Investorlast week as he returned from events in Vancouver marking the transfer, which adds 175 agents for an initial 10-year term under the Royal LePage banner.
B.C. may need 700K more housing units by 2030, says economist
The province will have to build somewhere in the range of 500,000 to 700,000 housing units by 2030 to restore 2003 and 2004 levels of affordability, according to Braden Batch, lead economist for B.C. at the Canada Mortgage and Housing Corp.
Speaking at a panel discussion Wednesday at the Union of BC Municipalities housing summit in Vancouver, he said that this range already accounts for housing that the province is on track to build. Batch said it is also based on low, medium and high population projections, meaning that numbers may differ based on which projection becomes reality.
The Christ Church Cathedral precinct on the edge of downtown Victoria could be significantly transformed if Concert Properties gets rezoning approval for a two-tower housing project that would bring 370 new homes to what once was a YMCA-YWCA facility.
The Vancouver developer has made an application to rezone 851 Broughton St. to allow for a mixed-use project that will include 26- and 11-storey towers housing 220 condominiums and 150 rental units, respectively.
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