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.
By ChangingCity
We last posted on this project a year ago. Then the on-again, off-again casino project for the western end of the re-roofed BC Place stadium was back (and approved with conditions) with a new Darth Vader design from Las Vegas based Paragon Gaming who have added Canadian financial partners and Marriott International to run the two hotels that bookend the ‘resort’. Here’s one of the latest renders on the developer’s website – construction of the parkade has already started, and completion is supposed to be late in 2016.
The design is by ARCOP + acdf with Michelange Panzini, all from Montreal, although IBI Group are handling the Vancouver submissions. ARCOP’s original name was Affleck, Desbarats, Dimakopoulos, Lebensold, Sise, whose very first project anywhere was the Queen Elizabeth Theatre. We particularly liked this render from the Las Vegas press who can’t be expected to know that the gorgeous lawn is in fact the location of Concord Pacific’s One Pacific residential scheme, now also under construction.
Source:: Changing City