GREATER VANCOUVER REAL ESTATE DIRECT
CLICK HERE FOR ADVERTISING OPPORTUNITIES

Everything you need to know about the new B.C. HST - Harmonized Sales Tax Resources, Articles, Reaction

EXITING NEW VANCOUVER CONDO BLOG >

VISIT OUR VANCOUVER REAL ESTATE BLOG >

NORTH VANCOUVER PRESALE Condos & New Townhomes

NORTH VANCOUVER RE-SALE Listings


_______________

New on the BUZZ:
Destiny at Raven Woods North Shore Condos
The Drive by Onni
The Kimpton Central Lonsdale Condos
The Brook LEED Platinum Condos
Lynn Valley North Vancouver Wedgewood
Lower Lonsdale Orchard Terrace
The Shore House

Family Oriented North Vancouver Townhome for Sale in Central Lonsdale

TOP 10
North Vancouver Condos for First Time Home Buyers PLUS
TOP 5 Re-Sale & Pre-Construction Lower Lonsdale Real Estate PLUS 55+ Adult Oriented North Shore Communities


Lower Lonsdale North Vancouver Real Estate
Mira on the Park
Ventana Intracorp
Terraces on 4th
Envy Lower Lonsdale
Sky Tower Residences
One Park Lane
The Observatory
Time For Living Condos
Lower Lonsdale
The Next Yaletown?


The Pier Waterfront
Lower Lonsdale

Premiere at The Pier
Esplanade & Esplanade West Condo Towers
Landing at the Pier
Pinnacle Residences and Condo Hotel
Atrium West and Atrium East at the Pier
Site 8 Waterfront

Central Lonsdale North Vancouver
Vista Place Living
The West of Central Lonsdale Townhomes
Alina CityHomes, Condos, Townhomes
CELO Central Lonsdale Townhomes & Home
Addison Upper Lonsdale
Avondale Townhome & Condos
St. Andrews Gardens
Branches Lynn Valley
Cedar Crescent Homes

Vista 29 55+
Silva Condos

Lynn Valley
Branches by Polygon
Eaglelynn Townhomes
Brook Apartments
River Rock Townhomes



Raven Woods Community
The Signature Estates at Raven Woods
Seasons WEST at Ravenwoods
Seasons SOUTH at
Raven Woods


Other North Shore Communities
Nature's Cove Condos
Evoc Harbourview
Gateway on Marine
Knightsbridge Properties

NoMa North of Marine
Touchstone Living
NoMa Adera

Sea to Sky
Real Estate

_____________

SPECIAL FEATURE
Vancouver Condo Cancellations
Delayed Vancouver Condos Stalled
Vancouver Condos in Receivership and other Problems

_______________

Other Resources

presale condos
listings
sitemap
more properties
resources
_______________

 


The Real Deal – North Shore is fast becoming the hottest real estate market in Vancouver
Is the North Shore (North Vancouver) the new Yaletown? Find out why real estate analysts predict the next hot spot in real estate to be the North Shore.



BuiltGREEN Vancouver Homes for Sale and Eco-Friendly North Shore Townhomes are available at GreenView on West 17th Central Lonsdale Property

Source: 24 Hours
Date: December 02, 2005

With entry-level prices on the North Shore hovering around the $500,000, the mid-range real estate market has hit considerably loftier heights.

These days, keeping in mind that the average price of a lot on the North Shore (North Vancouver) is $500,000, it should be no surprises a mid-range single-detached home, 20 years old, in a nice neighborhood and close to amenities will cost you between $675,000 and $800,000. For the owner of a mortgage-free, smallish Lower Lonsdale bungalow (now worth about $500,000) looking to step up, such a move is easily achievable given the equity.

But for those buyers with less equity, it might be a bit of a struggle. “It all depends on lifestyle choices individuals make,” said Dan Morrison, at Remax Creat Realty, and the active Lower Lonsdale condo market is providing choices. Morrison calls the Lower Lonsdale are the hottest in North Vancouver with three condo towers opening up or under construction. Pre-sales have been brisk, with units two-bedroom units starting in the mid $400,000 range on the lower floors.

Morrison thinks it may be a little early to dub the area the next Yaletown and at prices averaging $500 per square foot “it’s still a bargain compared to Coal Harbour.”

Janet Cunningham, a 25-year realtor now with Prudential Sussex Realty in West Vancouver, agrees that the condo market is very active in spite of prices of about $350,000 for a basic 650 square foot one-bedroom unit in a new concrete high-rise building on the North Shore.

Two-bedrooms with 850 square feet are sellilng for as much as $450,000, she noted, while the 970 square foot penthouses are going for $500,000.

Alan Skinner, of Remax Crest, says dubbing Lower Lonsdale the next Yaletown is fair comment. “It’s very viable bedroom community for Vancouver,” Skinner said, “and psychologically you’re not living and working in downtown.”

Many such buyers, he added, are comfortable with their purchases because there are no rental restrictions. “There are also some first-timers and empty nesters buying two-bedroom units ($350,000 to $400,000),” he said. “They’re saying: ‘the time is perfect, we can sell our home and move up.’”

Written by Colin Wright of 24 Hours.