Summer times are a bit slower on markets with vacations and better weather, but presales still generally strong.
Vancouver West
OSLER 8888 - few hot $500's 1BR - Marine Drive & Cambie area. Not a bad investment IMO. Great rental returns, lowrise + AC concrete. Smaller Asian developer, TRIA. $1000/ft. Only 60 or so units, won't last about 1/2 allocated.
Nothing fancy but gym _ sky garden. About 15 minutes to Cambie skytrain, good school catchment to Van West schools.
Concord W1 Marine Drive & Cambie
Finishing end of 2018 should be a luxury $1300/ft building easily, personally and know a lot of realtors with units here, did well last 3 years. Though rumours had it Concord under review by CRA lately and NO assignments allowed. Got some China clients freaked out...
ONNI Garden
Huge 10-15 development on Cambie Corridor.
$1600/ft, $870K for 1BR + parking.
This is the Langara Gardens area, new Skytrain station being added on 59th + Cambie.
Cambie Gardens (ONNI)
Chinatown / Downtown E Vancouver
Sparrow Bit contested Keefer address, but they managed to get zoning through. Only 25 units, 9 parking spots. $590K to start 520ft studio. Not bad for rental, gentrification clearly coming in. Showing clients and got accosted by a few stragglers and literally shopping cart pushing senile people, LOL!
Pricing comes to about $1300/ft, not cheap.
Concrete 6 story - developer keeping top floors. NO AC though, thought that was stingy.
BRENTWOOD Burnaby
Gilmore Place
Tower 1 nearly all allocated not sold or written on yet. coming late June. Should be hot given SOLO sales pace.
Concord Brenwood
Tower 3 pretty much done, Tower 4 has some remaining. $700K 1BR, $40K parking (not included). $1200/ft, huge heated balcony on Tower 3 + 4. Pretty cool.
Bordeaux
Personally I like this one for Brentwood - JUNEAU & Willingdon, they build fast and did Dawson the street across. $1000/ft a bit nothing crazy amenities wise but pretty sure investors can get 20-30% in 2 years on this unit.
Surrey
AVANI Center
This one should go REALLY fast...
By the well known real estate Indian family Virani (downtown realty office), $299K starting price is appealing...until you see it's for 350ft. Yikes!
Hilton first 10 floors or so - should be a nice venue, King George hub is now basically $800-850/ft. Those who got in King George Hub last year should be laughing!
Avani Center Surrey
LINEA
Rize, a boutique Vancouver based developer is at King George with a beautifully shaped highrise. Supposed to be in $700/ft but if that's lower than AVANI I can't even imagine the demand. Also did Independence and Goldhouse recently, Rize is a hot developer who always do up interesting buildings. I'd get one.
Maverick
Tiansher small low 4 story lowrise building.
Sold out in a weekend. 120 units.
$299 1BR and $399K + 2Br
Fraser Landmark
110 units in total , 5 left or so.
$450K 2BR 850ft. Lowrise AC'd woodframe building.
Squamish
These ones did really well for our clients who bought in $300k 1BR.
Onni / BOSA will have projects coming up soon, rental and returns far out pace Vancouver, and you have the international money coming in for Whistler.
AMAJI
$550K get you nearly 900ft 5 story lowrise.
Website is sold out but developer kept some themselves. PM. Pricing likely going past $750/ft when majors come in later this year.
Tsawwassen
SEASIDE Mosaic
Interesting take near the Mills and near the waters, SEASIDE by MOSAIC is 2-3 bedroom townhomes in the $500ks by well known lowrise builder MOSAIC. 99 year lease land is a barrier for some clients.
Should do well with better infrastructure (read: Massey Tunnel).
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Taking some time for family and outdoors - less updates but always PM or inquiries through website - as always our advice is FREE
