Vancouver Real Estate In the News…..First week September 2014

Vancouver House…Vancouvers Living Sculpture….Vancouver House’s 388 suites will boast views of either dynamic False Creek, the maritime heart of the city, or English Bay with its sublime vistas of open ocean, the Gulf Islands, and Stanley Park. This is the perfect location for waterfront access, including the 22 kilometre Seawall, Aquabus service to Granville Island, nearby yacht clubs, and the English Bay beaches. The urban sophistication of downtown on one side, the best of Pacific coast scenery and outdoor recreation on the other – what could be better?

Is the dip in Vancouver high end housing prices just a summer blip?.  …The figures for single detached homes on Vancouver’s west side in the $3-million to $3.5-million price bracket – which is certainly high-end but not quite “luxury” – show 106 active listings and just nine sales, compared with 73 listed homes and 7 sales during July, 2013.

Vancouver and Toronto continue to vie for Canadas most expensive real estate market but Toronto appears to be winning this race.  Demand for Toronto real estate remains strong among the growing ranks of the world’s rich, says McCredie. Wealthy baby boomers are also fuelling the market through a combination of buying and selling as investments, downsizing themselves and helping their kids break into the market.

Vancouver is expected to see “modest but positive momentum” in sales of homes over $1 million, lead by detached homes, says the Sotheby’s forecast. Sales of houses and condos were up by 34 per cent in Vancouver the first half of 2014 over the same period of last year.

“Overall there is a ton of confidence. The reality is that Canadians are wealthier today than they’ve ever been,” says Sotheby’s realty president and CEO Ross McCredie. Read MORE

 

The worlds most expensive homes.…These include included a few off-market listings (sometimes called “pocket” or “whisper” listings) when we could confirm them with a reliable source. (Because so many ultra-luxury homes are sold off-market, there are many not included because they could not be confirmed.) The result is a list of 19 properties, all priced at $100 million or more, representing the World’s Most Expensive Homes For Sale.

Vancouvers most expensive homes

Marina Moments – Boat lovers are skipping pricey waterfront properties for a dock and boat slip. Click here for a list of Vancouvers Marina properties.