Vancouver 2010 Olympic Athlete's Village Condos at Millennium Water Development to be Sold May 2010 - Affordable Housing Component May Be Scrapped

Waterfront Olympic Village Condos To Be Sold After the 2010 Vancouver Winter Games at Millennium Water

An announcement in early October 2009 by mayor Gregor Robertson has told the city that the sales for many of the high-end luxury Millennium Water Olympic Village condos will not start until next May 2010, after the Olympic Games. In an interview with the Georgia Straight, Vancouver mayor Gregor Robertson explained that the current Vancouver real estate market is still under performing, and therefore, Millennium Development Corp has decided to wait until the market gets a bit better before putting their prime waterfront Vancouver condos on sale next year. This will allow Millennium Water and the 2010 Olympic Village to gain all the media coverage and exposure during the Vancouver 2010 Winter Games, which will attract local Vancouver homebuyers, Canadians and international investors into the master planned community. In addition, because the 2010 Olympic Village is still under construction and considered a presale or pre-construction Vancouver condo purchase, many homebuyers are waiting to see what the finished product will look like, to do a walkthrough, feel and touch the finishes and features, and this will not happen until after April 2010. Therefore, the new strategy at the much anticipated waterfront Vancouver condos at Millennium Water will put sales on hold for now in this one billion dollar project. According to the marketers as well as the Mayor, many of the two hundred and sixty six (266) units that still remain unsold at the waterfront Vancouver Millennium Water condo development are of the higher end and represent multi million dollar high-end condominiums and townhomes for sale. These are in addition to the approximate seven hundred (700) Millennium Water Olympic Village condos that have already been sold to pre-construction condominium buyers. According to the latest Vancouver 2010 Olympic reports, approximately four hundred and twenty (420) Olympic Village condos have been completed, inspected, approved and now locked down by VANOC and IOC in preparation for athletes. This is almost half of the eleven hundred (1100) market units and affordable housing units available. In any case, for homebuyers looking to purchase a luxury waterfront Vancouver condo at Millennium Water, you’ll just have to wait until May 2010, before the dreaded HST hits new condominium purchases.

Metro Newspaper and Rennie Marketing Confirm that Remaining Millennium Water Olympic Village Condos to Be Sold Next Year

Citing lower than anticipated market sales values in the southeast False Creek Vancouver real estate district, the developer, marketer and mayor have now confirmed that the remaining market units at the 2010 Olympic Village, also known as Millennium Water False Creek condos, will be sold next May 2010 after the Winter Games. In order to recoup the initial cash investment by the city into this master planned waterfront False Creek development, mayor Gregor Robertson has stated that the city needs a very hot real estate market to recoup some $1.2 billlion spent on building the Olympic Athlete’s Village. With the property market still realing from the global economic crisis, even with the recent upwards spike in sales volume, the sales prices of condo units around the southeast False Creek Olympic Athlete’s Village have not increased enough for the numbers to work. The Olympic Village has been under huge scrutiny due to the ballooning budget that now sits around $1.196 billion, which represents over $250 million more than the original budget of $950 million. Up until October 2009, the Millennium Water condos have been quite successful in attacting Vancouver presale condo buyers. Of the 730 Millennium Water condominiums presented to the public as market units, 226 suites have been sold as pre-construction or presale Vancouver condos at the Olympic Athlete’s Village which represents more than 25%. The total sales of the presale Vancouver Millennium Water condos is priced at around $217 million. As the mayor has suggested, along with Rennie Marketing Systems, all presales will be put on hold for now until May 2010 after the increased exposure and marketing during the Olympic Winter Games.

Affordable Housing at Millennium Water Olympic Athlete’s Village to be Scrapped?

There are rumours around town that the Millennium Water affordable housing component of this master planned Southeast False Creek waterfront community may be scrapped due to the budget overruns and tax burden on Vancouver residents. An official has confirmed that affordable housing and homes at Millennium Water after the 2010 Games may no longer be a certainty after the latest auditor’s report came out this week. The cost of the social housing component here at Millennium Water False Creek community may be scrapped because of the costs, and the projected losses even if all the remaning units of this development are sold next year after the Olympic Games. A city report will be presented to the council later this fall as to the issue of the Millennium Water False Creek social housing component. It was originally proposed that two hundred and fifty two (252) of the eleven hundred (1100) units within the southeast False Creek Vancouver Millennium Water development be for social housing. According to the latest reports, the developer and Rennie Marketing have had lots of trouble selling these waterfront suites at market prices due to the global economic crisis. In addition, with the recent drop in Vancouver real estate prices, the city is now preparing itself for a big loss even with a sellout of all units. The only hope now is to keep the unsold units for after the Olympics, and then launch sales in May 2010.

Will the Vancouver 2010 Olympic Village Be Ready on Time?

The race is certainly on in order to keep pace with a November 1st, 2009 handover date of all condominiums to VANOC in preparation for the 2010 Vancouver Olympic Games. According to the city manager of Millennium Water Olympic Villlage, there are a couple of tight deadlines that are coming up and an update was released in a KPMG status report on the southeast False Creek Vancouver real estate development. The report that was based on details and information back in January 19th showed that Millennium Development was the lowest ranked of the three bidding Vancouver real estate developers before the price was considered, but came out on top due to the fact that they promised to deliver on time and at the best price. So will the Vancouver 2010 Olympic Village be ready? Well, certain things have been changed or left out from the original proposed Millennium Water False Creek development, including a triangular shaped park that was to be located next to the inlet. Another feature of the 2010 Olympic Athlete’s Village that won’t be complete until after the Winter Games will be the dock for non motor boats. Design changes to the parks, plazas, streetscapes, and other factors have already been dealt with, but according to the city manager, some of the Athlete’s Village condo buildings at Millennium Water won’t be complete before the November 1st deadline. One of the three affordable housing parcels at the Vancouver 2010 Athlete’s Village was handed over to VANOC very early, back on October 1st, 2009, another one needs monitoring and the third parcel for the affordable housing Millennium Water residential building will definitely not be ready for November 1, 2009. The expected completion of that affordable housing False Creek parcel is for December 1st. In addition, the completion of the Salt Building is still set for October 31st, but the Civic Centre that was suppose to be due for completion and handover back on July 31st, is not yet done or ready. In the entire master planned Millennium Water Vancouver 2010 Athlete’s Village, about four hundred and twenty of the eleven hundred condo units have already been completed and handed over to VANOC for final inspection.

Southeast False Creek Real Estate Market Presents the Pre-Sale Vancouver Exchange Lofts Now Selling - Occupancy Fall 2009

At The Vancouver Exchange Lofts for Sale, History Repeats Itself. Built in 1913. Move in this Fall.

Original brick, wood beams, AEG appliances, exposed concrete floors and Dada kitchens are now available at the False Creek Vancouver Exchange lofts and condominiums for sale. Built for you in 1913. There are very few heritage buildings in Vancouver real estate market, and there are even fewer that can house a modern conversion as well as Exchange Vancouver lofts for sale does. Design elements such as AEG appliances, DADA, stainless steel kitchen countertops, walnut cabinetry with touch-latches, exposed aggregate concrete floors all define an identity that is full of real character. YOU HAVE TO SEE IT! Visit the False Creek Vancouver Exchange lofts fully furnished and completed display suite. The Exchange Vancouver lofts for sale are located at #111 - 388 West 1st Avenue (at Wylie Street) and open on weekends 12-5PM, or by ppointment. For more information about the Exchange Vancouver condo development please contact us at 604.879.3200 or online at exchangeliving.com. See you soon! The Exchange Sales Team at #111 - 388 West 1st Avenue, Vancouver, BC | t. 604.879.3200 | f. 604.708.6463 | e. info@exchangeliving.com | w. exchangeliving.com.

More About this Southeast False Creek Exchange Condo Offering

A heritage building finds new purpose and meaning, here at the completely new Vancouver Lofts for sale at the Exchange Lofts real estate development. There are very few heritage buildings in Vancouver, and there are even fewer that can house a modern conversion as well as Exchange Lofts in Vancouver does. A sense of history is centred in Southeast False Creek Vancouver North Cambie Village area. Living at the new Vancouver False creek Exchange Lofts for sale will place you in Vancouver’s newest, most vibrant neighbourhoods – Southeast False Creek – North Cambie Village! Leisure activities, shopping, restaurants – you have it all. To the north, take a stroll to the seawall. To the west, enjoy all that the Granville Island Public Market has to offer. To the south, a short walk will bring you to Cambie Street, Vancouver’s newest shopping centre neighbourhood, where you can enjoy its array of dining and shopping, just minute away from your new home at the False Creek Exchange Vancouver lofts for sale. Whole Foods, Home Depot, Canadian Tire, HomeSense/Winners, Save on Foods, Best Buy, City Square Shopping Centre and much more. A nice walk from home going East, will bring you to a brand new 22,000 sf Urban Fare, London Drugs, a newly restored Salt Building to dine, or explore the 30,000 sf Community Centre all slated to be available in 2010 for residents here at the presale Vancouver Exchange Lofts and condos in Southeast False Creek. Green Living at Exchange Vancouver condos: a wide range of transportation choices that promote more sustainable modes of travel have been encourage by Vancouver. In keeping with this vision, a Prius hybrid has been purchased (managed by the CAN Co-Op car program) for the exclusive use of Exchange Southeast False Creek residents. Or choose to walk, bike, run use the new troll train, Aqua Bus or the new Canada Line Olympic Village SkyTrain Station at West 2nd and Broadway. Your travel options are endless. An old district finds new purpose and meaning here at the new Vancouver Exchange Lofts and condos for sale. While maintaining the heritage ties to its past, Southeast False Creek Vancouver real estate district is being planned as a model sustainable community base don environmental, social and economic principles where people live, work, play and learn. A mixed use community with a focus on residential housing in Southeast False Creek Vancouver, all condo buildings will be designed to be healthy, livable, and efficient in their use of energy resources and water, such as at the new Exchange Lofts in Vancouver. The completed Southeast False Creek Exchange Lofts neighbourhood will offer an extensive array of amenities within walking distance, as well as housing and jobs linked to transit.

If you are curious about how a 2010 home purchase would look like in a new condo development, click here for the New Home BC HST Tax Increase and HST Price Difference as shown in the BC HST Price Chart.

Move In This Fall! Exchange Lofts Construction Update.

Exchange Southeast False Creek lofts for sale is on schedule for completion this Fall 2009. The Vancouver Exchange loft finishings, painting, drywall, roof access staircases and roof canopy window installations are well underway in the Heritage building. Within the new Exchange lofts building the stud framing is well underway up to Level 5. Window installations are in progress up to Level 4 and roofing planters are nearly completed. There are sixty eight unique Southeast False creek Vancouver Exchange loft homes ready to move into this fall. Visi thte fully furnished and completed display suite at #111 – 388 West 1st Avenue, Vancouver. About the Developer: The PCI Group is a Vancouver based real estate development and management company. Since PCI’s inception in 1982, they have created a culture of innovation and integrity. PCI has assembled expertise, enabling them to successfully undertake both residential and commercial projects.

Waterfront False Creek Vancouver Condos for Sale - Luxury Collection at Pinnacle Living False Creek by Anson Realty - True West Coast Living

Pinnacle Living False Creek Condominiums for Sale in Vancouver

Upscale yet unpretentious, Pinnacle Living Vancouver False Creek condos for sale is a stylish collection of pre-sale concrete and glass condominium residences boasting an outstanding Southeast False Creek real estate location and a heavy emphasis on sustainability. Floor plans here at the Southeast False Creek Pinnacle Living condos in Vancouver waterfront range from one and two bedroom apartments to spacious Pinnacle Living townhomes and penthouse suites. Just steps from the seawall to Granville Island, the pre-construction False Creek Pinnacle Living condos for sale in Vancouver is accessible by biek, car, train, trolley, foot and even boat. Truly the best os what makes Vancouver waterfront living one of the most desirable cities in the world year after year. For more information about the pre-construction Southeast False Creek Pinnacle Living Vancouver condominiums, please call 604.683.1328 or 704.876.9222. Alternatively, you can also visit www.pinnacleliving.ca for all the details and to register for the pre-sale False Creek condos at Pinnacle Living Vancouver.

Pinnacle Living False Creek October 2009 Update on Previews and Sales

For those Vancouver homebuyers who haven’t heard, Pinnacle International real estate development team has recently launched previews and sales for the new Pinnacle Living False Creek condo project that features a total of one hundred and five luxury condominiums and townhomes. These southeast False Creek Pinnacle Living condos include large floor plans between one bedroom to three bedroom family homes. The Pinnacle Living False Creek Vancouver condo floor plans range in size between six hundred square feet all the way to the thirteen hundred and fifty square feet range. The architect for this new southeast False Creek real estate condo development is IBI and the interior design team in charge of these condominium interiors is False Creek Design. Expected occupancy and move-in for Vancouver condo homebuyers will be in the summer of 2011 and the Pinnacle Living sales centre is now open at First Avenue and Ontario Street from Saturday through to Thursday from 12 to 5pm. The price point for these new False Creek condos are three bedrooms from seven hundred and fifty thousand dollars, two bedroom condos from five hundred and sixty thousand and the spacious one bedroom Pinnacle Living condos from three hundred and fifty thousand plus GST. The master planned community by a respected builder is very well located and residents here can expect to commute to and from downtown Vancouver with ease. Also close by is City Hall, Cambie Street shopping, bridge, False Creek, Granville Island, South Granville, the waterfront promenade and much more. One distinguishing feature for homebuyers is that the new Vancouver Pinnacle Living False Creek condos are located on private lands (and not public lands).

A New Southeast False Creek Vancouver Neighbourhood Arises

Located just next to the 2010 Olympic Village by Millennium Developments, the pre-construction Vancouver Pinnacle Living False Creek condos will be part of a new neighbourhood that is exciting and growing very quickly. A great choice of floor plans are catered towards not only singles and professional couples, but also growing families, with a distinct number of three bedroom floor plans available. In addition, this sustainable southeast False Creek real estate community is also affordable, with one bedroom suites starting from the $350’s, which is much less when compared to the suites being sold at the neighbouring Millennium Water. Many homebuyers believe that the southeast False Creek real estate district is a reminder of the revitalization of Yaletown in downtown Vancouver, and within a few short years, will rival it in terms of location, accessibility, affordability, trendy dining/shopping, amenities, services and transportation routes. When the Olympic Village is finally complete, the pre-construction Vancouver Pinnacle Living False Creek condo development will be part of a huge community that will see the influx of more than sixteen thousand people. AS part of the community, there will also be a humongous forty five thousand square feet community centre, a new southeast False Creek elementary school, 3 child care centres, plaza and a community green space. The vibrant family friendly neighbourhood is bound to e a most sought after community for Vancouver homebuyers for generations to come. In addition, this Southeast False Creek community centre just next to the pre-construction Vancouver Pinnacle Living condos is designed by the late Arthur Erickson and will have boat slips, tones of retail and commercial office space, games room and a large gym. Because of all of the newly added community amenities, the new Pinnacle Living False Creek Vancouver condos for sale have minimal on site shared amenity spaces, which will save homebuyers in terms of lower monthly strata fees. The sustainable pre-construction False Creek Pinnacle Living Vancouver condos for sale will be environmentally friendly and will promote residents to walk, conserve energy and water. In addition to the condominium offerings, the new southeast False Creek real estate development will also feature the pre-construction Vancouver Pinnacle Living townhouses. There will be a total of six presale False Creek townhomes for sale starting from just under seven hundred thousand dollars. All six of these Vancouver Pinnacle Living townhomes will have vaulted ceilings in the living room as well as ground level walk-up patio entrances. If you would like more information regarding these new Southeast False Creek condos for sale, please do not hesitate their sales staff at 604.874.8368 or you can visit their web site at pinnacleliving.ca. The project is currently being marketed for previews as well as presales, and the expected completion is for summer 2011.

Update on Vancouver Pinnacle Living at False Creek - July 30th, 2009

Straight from their email newsletter from Anson Realty – Thank you for your interest in our “Pinnacle Living at False Creek” Vancouver real estate project. We are now starting to book private viewings. Our first release of homes at the Vancouver Pinnacle Living at False Creek will be the project at 1887 Crowe Street at West 2nd Avenue. The Vancouver condo sales presentation centre and display suites are located at 1st and Ontario Street, Vancouver, BC. Please call us if you wish to book a viewing time at the new pre-sale Vancouver Pinnacle Living at False Creek development first release. Yours Truly, Anson Realty Ltd. Alain – Member of Sales Team at 3378 Cambie Street, Vancouver. Call 604.876.9222 or email alainchat@hotmail.com for additional information regarding the new Pinnacle Living at False Creek Vancouver real estate offering.

A Champion Location at Pinnacle Living False Creek
There’s a reason Vancouver has chosen South East False Creek to house the world’s greatest athletes, and for that same reason, Pinnacle Living False Creek has chosen it as the site for their latest Vancouver real estate development called Pinnacle Living. Peace, beauty, accessibility and sustainability – it’s the best Vancouver real estate market has to offer, and now you can call it home. Elegant Pinnacle Living False Creek Vancouver homes in the Signature Pinnacle style features one, two and three bedroom floor plans. Register today at www.pinnacleliving.ca or call 604.874.8368. For a sneak preview of the pre-sales Vancouver Pinnacle Living False Creek condos for sale, please visit the Sales Pavilion and Display Suites at 1st and Ontario in Vancouver. Marketed by Anson Realty Ltd. and proudly developed by Pinnacle International.

More about the Southeast False Creek Pinnacle Living Condos

Just a hop over the Cambie Street Bridge, the pre-construction Vancouver Pinnacle Living False Creek condominiums is steps to the waterfront and admist the most comprehensive waterfront development the city of Vancouver has ever seen. Register today for a new home at the waterfront Pinnacle Living Vancouver condos for sale, and get in on the ground floor of the latest False Creek waterfront neighbourhood in town. To see the comprehensive Vancouver Southeast False Creek master plan for re-development, please visit this online website for all the details about the latest developments and construction progress: http://vancouver.ca/commsvcs/southeast/. At the core of Southeast False Creek real estate district and just mere minutes from the Vancouver seawall, the pre-construction condos at Pinnacle Living development is one hundred per cent accessible by biek, train, car and even by boat. Cycle to work on weekdays or jog to Granville island over weekends. Whatever you like, you can get to anything within seconds. You can also take the ferry across the harbour for a glass of wine Oceanside. The pre-sale Southeast False Creek Pinnacle Living condos along the Vancouver waterfront real estate is the epitome of everything this great city is famous for: picturesque, healthy, West Coast lifestyles. The multiple locations of these condominium developments along the Southeast False Creek Vancouver waterfront neighbourhood is what makes Pinnacle Living condos so very unique. Currently, there are four development sites that make up the master planned Pinnacle Living Vancouver real estate development. They include: 1887 Crowe Street, 89 West 2nd Avenue, 1700 Manitoba Street and 20 East 1st Avenue, Vancouver. The real estate developer for the pre-sale Southeast False Creek condos for sale at Pinnacle Living Vancouver waterfront is Pinnacle International. Each accomplishment by this great builder strengthens the corporate purpose; each achievement is intended to be a new benchmark in construction. Pinnacle Living False Creek lifts the height of luxury and quality in the new city living along Vancouver’s waterfront real estate.

Emails from Online Registration at Pinnacle Living Presented by Anson Realty

Thank you for registering with Pinnacle Living False Creek real estate development. We will be contacting you shortly to provide further information. If you have any questions please contact the False Creek Anson Realty Condo Sales Office at 604.683.1328. You may also e-mail us: anson@anson-realty.com. Pinnacle Living False Creek - Grace, Sales Manager, Anson Realty Ltd.