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Mount Pleasant/soma MLS® Listings
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Building Info
Mount Pleasant/soma at 111 West 10 Avenue, Vancouver, BC V5Y 1R7 - VAS910. Built in 1981 with 21 units over 3 levels. Located in the Mount Pleasant area of Vancouver West, at the crossroads of East 10th Avenue and Manitoba Street. This is a well maintained building that offers in-suite laundry, a bike room and a garden area. Situated in the City Hall neighbourhood on a beautiful tree lined street. Just steps from West Broadway, short walk or drive to Downtown, and very close to the new Olympic Village. West 10th is a traffic controlled bike route, one block off West Broadway and minutes to Cambie. Steps to Major Matthews Park, Jonathan Rogers Park, Mount Pleasant Park, Tea Swamp Park, Guelph Park and Grimmett Park. Walking distance to Canada West Mountain School, Piano Teachers Federation, Pacific Audio Visual Institute, Hess Education Canada, Saint Patrick Regional Secondary School, Saint Patrick Elementary School, Advance Hospitality Education Centre, Franklin English Language College and Franklin English Language College. A short drive away from Vancouver Foresight Society, Vancouver General Hospital Thrift Shop Society, Genesis Integration, SelfCare Home Health Products, Poke Community Acupuncture, Cross Roads Naturopathic Clinic and Specialist Referral Clinic. Nearby restaurants include Hennessey Dining Lounge, The Three Lions Cafe, Martini's Whole Wheat Pizza, Choon Ha Choo Dong Korean Japanese Restaurant, Chutney Villa, Gigi's Pizza & Spaghetti House, Pad Thai Cuisine, Congee Noodle House and Josephine's Restaurant & Filipino Catering.
Canadian government releases more details regarding its five year Housing Supply Challenge
The first round, dubbed the Data Driven phase, will attempt to address gaps in housing data “through technology or methodology-based solutions to improve data collection, sharing, analysis and integration, thus improving decision-making on housing supply,” the Canada Mortgage and Housing Corporation said late last week.
Condo investor lost much of their down payments during Covid-19 pandemic - analysis
After taking insurance into account, and assuming a 5% down payment, this translates to an average of 78% of a condo buyer’s down payment lost. As a disclaimer,Better Dwellingsaid that this calculation did not include any possible payments over the period due to the widespread loss of income nationwide.
Using the same calculation, Toronto was found to be especially worse off. Average condo price decline from April was at 1.86%, translating to a negative 111.2% return in equity. Even including payments over the period only leads to around 0.827% equity.
City of Vancouver, the lowest tax rate for commercial property among major Canadian cities
The tax shift is measured by a commercial-to-residential ratio that compares the commercial tax rate to the residential tax rate. For example, if the ratio is 2.50, a commercial property valued at $1 million dollars would incur property taxes 2.5 times higher than an equally-valued residential property.
Highlight on 2021 with regards emerging trends in Canadian real estate
“The coming year will be all about embracing opportunities to be resilient in the face of uncertainty, while shifting strategies in anticipation of market headwinds,” says Frank Magliocco, PwC Canada’s national real estate leader. “For the first time in a few years, we’re hearing divergent views from industry players about issues like the future of office spaces and the urbanization and suburbanization trends.”
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