[LiquidTurbo]

Originally Posted by lowside67

I have been shopping very seriously in the area and have spent some time looking at every display available in the area. IMO one of the biggest problems is that a lot of the new units are on either W2nd or Quebec St. ie big ass traffic. Also, a lot of the builders in the area are not being 100% straightforward about other proposed developments, the SEFC community plan is located here:
https://vancouver.ca/docs/sefc/offic...pment-plan.pdf

Currently there are approximately 2000 units that are being developed and there are about another 1500 units that havent even been announced - ie the big parking lot directly to the east of the existing olympic village is actually owned by Concert and slated to be 3 towers 12, 13, 14 floors respectively but nobody who sells at Lido or Central across the street seem to be acknowledging that all their units will stare directly at 2 years of construction and then into new units.

The biggest problem is all the units will be like interior yaletown - facing one another directly, which I personally really don't like.

With that said, the prices are reasonable - ground floor walkups are what I have been looking at and prices are around $620-$630sqft which is definitely a good 20% cheaper than equivalent downtown.

Hope that helps, if you have questions about specific developments, shoot. FWIW if I was buying pre-sale I have narrowed it to Lido (Bosa) or Meccanica (Cressey).

Mark

So what do you foresee the situation to be like in 2014.. prices come down?