By ChangingCity

Modern by Amacon has just completed construction on the former Commercial Electronics store location on Burrard Street. A modest (by Downtown standards) 17 storeys in height (due to a viewcone across the site), the final version of the IBI/HB designed tower has 118 units over retail. Like the YMCA ‘Patina’ tower and Shangri La, this tower is in the West End, although rezoned within the Downtown zoning district. It’s been just over two years from the first work on site.

The finished building looks pretty close to the sales pictures, although the shade of blue for the spandrel panels is quite a bit lighter than was implied in some initial renders, and the yellow highlights were coloured green on the initial project model.

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Source:: Changing City

A recent analysis of the REBGV’s Housing Price Index for single family detached resales on the Westside of Vancouver shows that the index has reached an all-time high.

Year to date, there have been 1,498 single family house sales on the Westside of Vancouver, and the average sale price is a whopping $2,733,461. Only 136 homes have sold for less than $1,500,000, and the cheapest home sold was $877,000. (a tear down on West 41st near Main Street).

Source: REBGV HPI

With numbers like these, it is no wonder we are seeing increasing values in other areas and in the multifamily market.