The rezoning hearing for the Beach Towers STIR project (click here to view rezoning application documents) is happening now.
Click here to watch the proposal live.
The owners of 1551 Pemberton Avenue, located just south of the McDonalds parking lot, are proposing a 4 storey mixed use building, consisting of 5,642 SF of commercial floor space on the main floor and 30 residential units on the upper 3 floors. The residential units are a blend of 1 and 2bedroom units ranging in size from 530 square feet to 918 square feet. There will be 59 underground parking spaces.
Source: District of North Van
The Real Estate Board of Greater Vancouver has released their January 2013 stats. Generally, the market is showing continued signs of slowing, with both listings and sales down from 2012. The sales-to-active-listings ratio is currently at 10.2 per cent, in buyers territory. Some other highlights:
- Sales of condos reached 576 in January 2013, a decline of 12.3% compared to the 657 sales in January 2012, and a decrease of 19.2% compared to the 713 sales in January 2011.
- The total number of properties currently listed for sale is 13,246, a 5.6% increase compared to January 2012 and a 4.5% decline compared to December 2012. This is the fourth consecutive month that overall home listings have declined.
- Single family prices are down 3.1% year over year (YoY). Vancouver Westside is down 7.5% during the same period.
- Condo prices are down 2.9% YoY. Richmond is down 5.2% during the same period.
Source: REBGV.