A Vancouver-based realtor says the Bank of Canada’s interest rate hike is a huge blow for first-time buyers in one of the country s most expensive real estate markets.
Parents are coughing up an average of $180,000 to help their adult children enter the Vancouver real estate market, according to a new report highlighting the widening wealth gap in Canada.
700 Vernon Drive, Vancouver. (The Stonehouse Team)
700 Vernon Drive, Vancouver. (The Stonehouse Team)
700 Vernon Drive, Vancouver. (The Stonehouse Team)
There are three rental units at 700 Vernon Drive, all of which are currently tenanted. One of the apartments is a two-bedroom, and the other two are one-bedrooms.
“Location is everything,” the listing boasts, noting that the corner property is at the “hub between hip Strathcona and emerging Clark Drive.”
700 Vernon Drive, Vancouver. (The Stonehouse Team)
700 Vernon Drive, Vancouver. (The Stonehouse Team)
700 Vernon Drive, Vancouver. (The Stonehouse Team)
The Union-Adanac Corridor bike path is nearby, and downtown Vancouver is only a five minute drive away. The new St. Paul’s Hospital development isn’t far off either.
by Carlito Pablo on December 13th, 2020 at 10:55 AM 1 of 2 2 of 2
Sometimes one gets to hear about houses with elevators.
These are huge, custom-build homes worth several millions of dollars.
These properties are likely found on the posh west side of Vancouver or in the wealthy neighbourhoods on the North Shore.
But why can’t average-sized single-family residences have their own elevators too?
In fact, a half-duplex in East Vancouver got one, and the two-storey home recently sold above its asking price.
On December 2, 2020, Stilhavn Real Estate Services listed 220 East 16
th Avenue for $1,699,000.
The listing for the three-bedroom, two-bath half-duplex boasted of “stunning renovation by award winning Shakespe[a]re Homes”.