2010 Olympics
Pre-Olympic Vancouver Real Estate Market Update
February 10, 2010 by Laura Howren · View Comments
We are days away from opening ceremonies for the 2010 Olympic Games here in Vancouver BC. The city has never looked so beautiful! Within all the buzz and excitement lies a question that Vancouverites and many others around the world are speculating; “What effect will the 2010 Olympic Games have on Vancouver Real Estate?” Now this is a question that no one can answer as no one can predict the future.
Opinions are very divided. To be honest, I could personally argue all possibilities. It comes down to the basic economic principal of supply and demand. A few questions to ask yourself (amongst many) would include:
1. Economy:
How will the state of our economy post Olympics affect the housing market?
2. Foreign Investment:
With the spotlight on Vancouver will we see an increase in foreign investment?
3. Interest Rates:
What will the bank of Canada do with interest rates? Will the cost of borrowing increase significantly?
4. Pricing:
Many people are holding off with the dealings of Real Estate in Vancouver until after the 2010 Olympics. Will this bring a rise in supply or demand? Or balance eachother out keeping prices stabalized?
Obviously none of us have a crystal ball and so it’s impossible to tell what exactly will happen. It should be a very interesting year for us here in Vancouver though, and I’ll be sure to keep you posted with occurances and events as they come along.
2010 Olympics
Coal Harbour Video Tour
January 9, 2010 by Amy Kizaki · View Comments
Amy and Laura take you on a tour of one of Downtown Vancouver’s waterfront communities, Coal Harbour.
Coal Harbour is located on the southern shores of the Burrard Inlet and is home to one of Vancouver’s more prestigious marinas, Coal Harbour marina (which is also one of the two marinas that will accommodate larger boats with 330′ slips.
The boundaries of Coal Harbour are Georgia Street, Denman Street, Burrard Street, and the waterfront. Here you will find condominium units in newer highrise buildings, many with fantastic views of the Burrard Inlet, North Shore Mountains, Stanley Park and the marina. Studios start right on the $300,000 mark, one bedrooms in the mid $300,000′s and two bedroom units start in the higher $500,000 range.
The seawall starts in Coal Harbour and trails along the edges of Stanley Park back to the West End community. The Downtown waterfront is home to the new green-built, state of the art convention centre, a close to $900 million dollar project which will be the meeting grounds for the 2010 Olympic staff. Trendy furniture boutiques, yacht sale broekrages and seafood-type restaurants also line the seawall.
Want to know more about Coal Harbour real estate or would like to see some listings? Call or email us. Amy or Laura at 778 855 0841 or 604 209 3674!
amy@vancouverpowersearch.com
laura@vancouverpowersearch.com
