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KEVIN
O'TOOLE'S AUGUST HEADLINES
JULY REAL ESTATE RESULTS
NEW DEVELOPMENT AT PORTEAU COVE
LOWER LONSDALE GOING AHEAD
LISTINGS
& SALES
July 2004 Vancouver Real
Estate Results
The Real
Estate Board of Greater Vancouver (REBGV) reports that
year-to-date sales to the end of July are up 9.1 per cent in
comparison to the same time last year. Sales of detached,
attached and apartment properties decreased by 25 per cent to
3,017 units sold in July 2004, compared to 4,023 sales in July
2003.
“2003 was
such a banner year for home sales. Our market continues to be
one of the strongest in recent history. We are still selling far
more properties monthly than we were three or four years ago,”
says REBGV President Andrew Peck. “To understand this market,
it’s important to compare it to what happened in previous years.
Such a comparison reveals that we are continuing to experience a
vibrant and flourishing market, largely due to a strong BC
economy and confidence in real estate as an investment.
“It’s also
important to note that sales figures for July reflect a return
to more normal market cycles, when consumers take a break for
summer vacations,” Peck says. “We have a strong healthy
summertime market.”
Download the press release:
CLICK HERE
New Sea-to-Sky Housing
Development
 The
Sea-to-Sky corridor will be seeing more residential development
in the next few years as the Squamish Nation recently exercised
an option to buy a large parcel of land near Porteau Cove on
which it plans to build 1,000 homes.
The property
deal was part of a land-swap negotiated by BC Rail, the
provincial government and the Squamish Nation with the
negotiations taking place in the late 1990s.
It has been
reported that Concord Pacific, the prime development company on
the former Expo ’86 lands in Downtown Vancouver, will develop
the waterfront property in partnership with the Squamish Nation;
however, there has, to date, been no formal development
applications submitted to the Squamish-Lillooet Regional
District.
Lower Lonsdale Plan Going
Ahead
From North Vancouver City
Council:
North
Vancouver City Council has cleared another hurdle for the
continued development of Lower Lonsdale. At a council meeting
last month, the Council voted 5-2 in favour of an amendment to
the existing agreement with Pinnacle, extending the delivery
date of the Phase One waterfront amenities to October 30.
Council also
was in favour of having development permits issued for 3 of the
4 parcels of land subject to the subdivisions’ requirements
being met. North Vancouver’s Director of Community Development
must still confirm in writing that the application meets all the
relevant guidelines contained in the Official Community Plan.
For more information
on this subject, please visit
www.cnv.org and
www.lonsdalelife.com
Listings & Sales
COMING SOON!
A great opportunity to own a wonderful 2 bedroom + den, top
floor apartment in the heart of Kitsilano. This 5 year old unit
features 2 bathrooms (1 en suite), 2 balconies, a shared roof
terrace and, at approximately 1100 square feet, is the largest
unit in the complex. For more information on this and other
properties, please keep visiting Kevin’s Feature Listings
section
www.findaproperty.ca/listings/.
 Kevin
is also pleased to announce the sale of a prime 2 bedroom, 2
bathroom property in the thriving Lower Lonsdale area. With
Lower Lonsdale rezoning approved last month, this unit has now
been granted views of downtown Vancouver and Burrard Inlet.
If you are looking to sell
your home or property, contact Kevin now. 604 340 1267 or
kevin@findaproperty.ca
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