North Vancouver is blessed with a convenient collection of small and bustling business centres dotted amongst the neighbourhoods of this friendly community. It is the Village of Edgemont that most accurately represents the uniqueness of North Shore community.
Located just east of the Capilano River and Capilano Road, Edgemont Village is nestled amongst the very desirable neighbourhoods of Forest Hills, Capilano Highlands and Canyon Heights. Edgemont Village really got its start with the construction of the Lions Gate Bridge in 1937, and soon after residential development commenced with the surveying of lots and property in the Capilano Highlands. It wasn't until after World War II that settlement took place. In 1945, the District began to advertise building lots "on easy terms from $475 - $675”.

Edgemont Village community works hard to retain the charm of earlier years with a collection of over 70 shops and services... most locally owned an operated, no big box retailer here. Restaurants, butchers, bakers and candle stick makers collectively work to create a very alluring sense of neighbourhood character. The "heart" of the Village lies in the community services: the library, community police office, and a regular schedule of community events on Village streets. Throughout the summer, there are frequent public concerts, community days, and celebrations. A well organized merchants association ensures the village remains the hub of the local community.

The Village is close to many popular North Shore attractions and activities. It is often used as a base for locals and tourists heading for Grouse Mountain, Capilano River Regional Park, the Capilano Suspension Bridge, and other area highlights.

The local real estate consists predominantly of single family residences and is highly sought after for access to some of the region’s best schools. Prices range from $800,000 - $2,000,000


How to get to Edgemont Village from Vancouver city...

Follow Georgia Street through Stanley Park and across the Lion's Gate Bridge. Take the North Vancouver exit to Marine Drive, then left up Capilano Road. Turn right at Ridgewood Drive and go to the 4 way stop. Turn right on Edgemont Blvd and the charm of Edgemont Village awaits.

Greg Paddy
Vancouver PowerSearch Team

Labels: Community, North Vancouver, Real Estate Market

Over the last couple weeks there has been a noticeable change in the real estate market in Vancouver. The drop in interest rates combined with the new federal budget announcements encouraging first time homebuyers to break out of their shell and embark on the journey of home ownership. The two main announcements coming from the Federal Government was first time home buyers will now be allowed to use more of their RRSP (Up to $25,000 from the original $20,000) and the ability to write off closing costs such as legal fees.


On a personal note I have seen the market pick up substantially in the past couple weeks. I was taking out clients this past Sunday and was surprised to see that 6 of the open houses I was able to show had already had an accepted offer! Of course this was in very desirable areas in Vancouver (Kitsilano / False Creek) but this begs the question: Is this turning back into a seller's market sooner rather than later? I don’t think we are close to this yet, however people who are waiting for the market to drop further may be in for a surprise when they decide to purchase and there is a mad dash to the open houses across the city and they are paying through the teeth to purchase their investment. My advice would be to take advantage of these special circumstances and jump on the opportunity to become a homeowner in an area desired by most of the world!


Lee Bryant
Investment Specialist
604.220.5498 direct
lee@vancouverpowersearch.com

Labels: Real Estate Market, Vancouver