Vancouver Real Estate Market

The latest report from the Greater Vancouver Real Estate Board reveals a real estate market that is favourable to home buyers.  A continued rise in new listings, coupled with a 10.4 % decline in sales from this time last year, means increased options for Vancouver home buyers.  May 2010 marked the third consecutive month that over 7000 new properties hit the Vancouver real estate market.  This pattern has opened up a broader selection of listings for Vancouver home buyers, whether they are looking for detached, attached or apartment properties. 

These statistics, however, do not necessarily denote a negative sellers’ market: a larger selection of properties can mean more buyers.  Moreover, the benchmark price of detached, attached and apartment properties increased by 19.1%, 14.8% and 13.9%, respectively, from May 2009 to May 2010.

False Creek Real Estate

The False Creek waterfront of Yaletown is home to some of Vancouver’s most desired real estate listings, not least of which are the King’s Landing condominiums at 428 Beach Crescent.  Overlooking George Wainborn Park and one block from David Lam Park, the property is a dream for Vancouver residents who love boating, tennis, rollerblading, cycling, or running.   At the King’s Landing, the seawall is literally at your doorstep, as is the off-leash dog park, marina and tennis courts.   David Lam Park hosts various concerts and events throughout the year, and the nearby Urban Fare provides gourmet grocery shopping within walking distance.  Numerous cafes and restaurants pepper the seawall this side of False Creek, and the Canada Line ensures one is connected to other parts of Vancouver, including the city centre and South Cambie.

The property itself is stunning, boasting secure underground parking and a full health club including gym, indoor pool, sauna, whirlpool and steam room.  Suites feature washers and dryers, hardwood floors, heated ensuite floors, rainforest showers and steam showers.  The incredible kitchens include a wine fridge, granite countertops, and gas ranges.  Condos at Vancouver’s King’s Landing are simply that: fit for a king.