With the weather unseasonably cold and rainy as it has been, it’s easy to forget why we live in Vancouver. Vancouver real estate is among the most expensive in the world, after all, so what exactly are we paying for?

Lifestyle

Vancouver is consistently named one of the top places to live in the world, landing as number one on several surveys. We have a beautiful, clean, safe and environmentally friendly city in an economically and politically stable country. While beautiful scenery surrounds Vancouver, we are also blessed with world-class shops and restaurants, offering something for everyone.

Ocean

Situated on the coast of the Pacific Ocean, Vancouver residents enjoy more than just a gorgeous view. We have fabulous beaches such as Spanish Banks and Third Beach, one of the longest seawalls in the world, and innumerable islands to explore, all accessible by boat. Cycle the seawall, join a beach volleyball team, or play Pitch and Putt in Stanley Park overlooking the ocean. Sure, it’s colder than usual for this time of year, but it’s still possible to enjoy these summer activities!

Mountains

The stunning backdrop of the mountains over Vancouver’s skyline makes our city one of the most beautiful in the world. Residents of Vancouver, however, know the mountains provide more than this panorama. Although skiers and snowboarders revel in the countless hours of fun the ski season brings, these mountains are enjoyed by all year-round. Mountain bikers and hikers have a playground at their doorstep, and tourists venture from all over the planet to catch the view from the top of Grouse Mountain.

Culture

Vancouver is a melting pot of cultures from around the world, and summer is the best time to experience a taste of what some of these cultures have to offer. Italian Day takes place on Commercial Drive, and Greek Day on Broadway.  Caribbean Days light up North Vancouver, as does the Lantern Festival in Deer Lake Park. The Night Market in Chinatown occurs every weekend in the summer, where visitors can sample Asian Fare and browse merchandise. The Celebration of Light features international competitors offering extravagant fireworks displays that can be enjoyed from points all around Vancouver.

Vancouverites will tell you Vancouver is one of the best places in the world to live, and for years now quality of life surveys have been backing up this claim. With that quality of life, however, comes an expensive real estate market – the sixth highest in the world, the second in North America, and the most expensive in the country.  2010 has been a landmark year for Vancouver, but what has that meant for the Vancouver real estate market?  And where does that leave us going into 2011?

2010 Winter Olympics and the Vancouver Real Estate Market

2010 began with a steady climb in real estate prices and sales, as the Vancouver real estate market continued the trend established in 2009, when a recovery from the recession first became evident.  As the 2010 Olympic Games drew closer, however, the real estate market moved beyond recovery and into growth.  In April 2010 Vancouver residential property sales peaked at 3,512, and benchmark prices of residential properties reached all time highs.

Real Estate Market Levels Off

After the spike in activity surrounding the 2010 Olympics died down, the Vancouver real estate market leveled off, and has remained relatively stable for the rest of the year.  While housing sales after April initially dropped and prices increased at a much slower rate, the last couple of months show relatively little change from the summer; home sales have improved and the downward pressure on prices has eased, indicating a balanced market appealing to buyers and sellers alike.

Property Taxes to Rise in 2011

So what is the outlook for 2011?  The Vancouver real estate market appears to have found some stability that will last at least into the first part of the New Year.  One thing buyers should keep in mind, however, is the recently announced hike in property taxes.  Although last week council voted to increase Vancouver property taxes by an average of 2.2% (up from the projected 2% increase) in 2011, residential property owners will take the hardest hit.  Property taxes for home owners will rise by 4.2%, while those for businesses will only increase by only 0.2%, reports the Vancouver Sun.  The extra funds flowing into the city are intended to be used for homeless and anti-gang programs, libraries, parks boards and other public programs, so here’s hoping the tax hike will help  us maintain that quality of life for which Vancouver is renowned.

Kerrisdale is a quaint, quiet, family-oriented community.  This charming neighbourhood primarily appeals to families and the real estate reflects this.  Houses fill the tree-lined streets and the Kerrisdale Village caters to an upper middle-class, mature lifestyle.

Who Lives There

Although Kerrisdale is an idyllic setting for family life, seniors also populate the area as well as students taking advantage of the neighbourhood’s proximity to UBC.  The average household income is almost double that of Vancouver as a whole, and 65% of residents have post-secondary education.

Things to Do

The Kerrisdale Village, along 41^st Ave,  houses shops - from grocers, bakers and delis (try  Forster’s Fine Cheese or MacFarlane Seafoods) to book stores and boutiques such as Hills of Kerrisdale, the first of the Aritzia clothing stores.   Oakridge Mall, not far from Kerrisdale at Ok and 41^st Ave, offers a larger selection of shops. Cafés like the Pastry Club Dessert Café and restaurants also line the streets of the village. 

Shaughnessy Golf Club, Point Grey Golf & Country Club and McCleery Golf Course border Kerrisdale, as do the UBC endowment lands which are great for hikers, runners, cyclists and nature lovers.  Several parks also exist in the area, and the Kerrisdale Community Centre offers programs and activities for people of all ages.

Nightlife is limited in Kerrisdale, but the neighbourhood is not far from Downtown Vancouver.

Real Estate

Most Kerrisdale homes are detached houses, but there are some apartments and semi-detached homes.  The area is well-established, thus homes are rarely new, but for the most part they are spacious and beautifully designed.  Housing prices are slightly above the Vancouver average, but most residents who buy settle in Kerrisdale for quite some time.

Schools and Safety

Elementary schools in the area include: Kerrisdale Elementary, Kerrisdale Annex, Quilchena Elementary and Maple Grove Elementary.  Point Grey Secondary is the nearest high school, but Magee Secondary School and Prince of Wales Secondary also serve the community.   Crofton House is a nearby private school for girls offering classes from Grades 1 to 12.  Kerrisdale has a Montessori school and several other child care centres, and the University of British Columbia is only a ten minute drive away.

Kerrisdale is a safe, well-established, family-oriented neighbourhood.  Residents should still exercise caution at night, however, especially in unlit areas such as the University Endowment Lands.

Transportation

One of the most pristine and naturally beautiful settings on the planet, Whistler is home to some of the most expensive real estate in Canada and the world’s number one ski resort, Whistler/Blackcomb.  A paradise less than two hours drive away from downtown Vancouver along the Sea to Sky Highway (which underwent massive improvements for the 2010 Olympic Games), Whistler offers something for everyone, from food and wine aficionados to outdoor enthusiasts.

Who Lives There

As a world class resort, Whistler has a transient population of tourists, but is also a thriving community of people who live there year-round.  Young internationals looking for adventure make up most of the work force, working in restaurants, hotels and on the mountains.  Retirees also call Whistler home, as well as other local British Columbians looking to escape the hustle and bustle of city life.  Lucky city dwellers with recreational homes in Whistler live there part-time.

Things to Do

Whistler/Blackcomb opened last weekend for winter sports, and is a mecca for skiers, snowboarders, cross-country skiers, snowshoers, and anyone else looking to play in the snow.  The summer months offer a plethora of outdoor activities as well, including glacier skiing, hiking, mountain biking, dirt biking, and kayaking and paddle boarding on the local lakes.  Rentals and lessons are easy to come by for any activity, and a large variety of retailers have equipment for sale.  Even those who don’t participate in mountain sports should ride the Peak 2 Peak Gondola on a clear day to take in the view from the top. 

Festivals and sporting events such as Cornucopia and the Telus World Ski and Snowboard Festival take place year-round.

Skiers and Snowboarders can ride out right into Whistler Village or Creekside Village for Après Ski.  Creekside is more secluded but Dusty’s Bar & BBQ is always fun after a day on the hill, and in Whistler the Longhorn Saloon and Grill and Garibaldi Lift Co. are among the many spots packed with revelers enjoying beer, nachos and music.  Restaurants abound from casual burger joints such as the world-renowned Splitz Grill to fine dining at Araxi or Bear Foot Bistro.  Many hotels offer buffet-style brunch at their restaurants, which could coincide with a trip to the spa.  Whistler has such a fantastic setting that sometimes that is all the frill that’s needed, and cozying up in a cabin with friends and family can be a great dinner option as well.  After dark, the village is just as vibrant, when clubs like Garfinkels and the Savage Beagle open for music – either live bands or DJs – and dancing.

Real Estate

Although Whistler has some of the priciest homes in the country, with some chalets valued at upwards of 10 and even 20 million dollars, more modest condos can be relatively reasonable in comparison to Downtown Vancouver.  For buyers, a Whistler condo can be a great investment because it provides the opportunity to rent on either a short or long term basis, and in addition, the world-class resort will remain as such for a long time, thus is constantly undergoing improvements and attracting new tourists.  Whistler has developed substantially in the last 10-20 years, therefore most Whistler properties are new and fairly problem-free.  Home buyers can expect cozy condos and chalets modeled after mountain cabins that are more spacious than those in the city, and designed to accommodate guests and all the outdoor equipment that accompanies them.

Schools and Safety

Spring Creek Community School and its French counterpart, Ecole la Passerelle, educate children from Kindergarten to Grade 7.  Myrtle Philip Community School is also Kindergarten to Grade 7, and Whistler Waldorf School offers classes from Kindergarten to Grade 8.  Whistler Secondary has classes from Grades 8-12, and Tamwood International College, the Canadian Sport Business Academy and Advantage E/J English School offer ESL classes.  The Canadian Sport Business Academy and Advantage E/J English School have outdoor instructor programs as well.  

Transportation

Driving to Whistler from Vancouver is easy now that the Sea to Sky Highway is wider and safer, and the scenery on the way up is an experience in itself.  Some day parking lots are free, while others closer to the mountains now require payment.  Various buses and shuttles leave regularly from Downtown Vancouver, Vancouver International Airport, and Horseshoe Bay.  Once in Whistler, getting around is easy.  Taxis and buses abound, and shuttle service is available from the gondolas to parking lots, hotels and surrounding villages such as Creekside.

Fairview encompasses South Granville and False Creek South.  This well-established neighbourhood features beautiful town homes, stunning views, award-winning restaurants, and high-end boutiques.  Fairview is one of Vancouver’s oldest-settled neighbourhoods, and while residential areas are quiet, the main streets remain lively, thus it appeals to various demographics.  Fairview provides a feeling of security and community in a neighbourhood that seems further away from downtown Vancouver than it is. 

Who Lives There

Residents of this affluent neighbourhood are mostly employed in education, health, natural and applied sciences, law and business.  The higher than average annual household income reflects this demographic.  The population is young relative to neighbouring Shaughnessey and nearby Point Grey, however, and although the community is family oriented, household sizes are smaller than average. 

Things to Do

The Stanley Theatre, South Granville’s self-proclaimed “beating heart” reopened in 1997 and was an indication of the return of a prospering neighbourhood.  Shows now play here year round.

South Granville is home to some of the finest stores and boutiques in Vancouver.  Restoration Hardware is among several high-end home furnishing stores in the Granville and Broadway area, and below Broadway there are numerous art galleries.  Boboli on Granville and 11^th features clothing and accessories from top designers the world over, and is one of several good clothing stores in the neighbourhood.

Restaurants abound in Fairview.  Broadway between Cambie St. and Burrard St. is comprised of primarily ethnic fare, chain restaurants, and sports bars.  For finer dining there is no shortage of high end restaurants in Fairview.  Monk McQueens boasts a gorgeous location on the water in False Creek South, and delicious seafood.  Vij’s on W.11^th at Granville fuses authentic Indian cuisine with West Coast ingredients, and is some of the most renowned in Canada.  Next door Vij’s Rangoli serves lunch and prepared meals to take home.  Meinhardt’s on Granville and 14^th is one of the city’s premier gourmet markets.  Café Barney across the street serves incredible brunch, and is a good late night spot as well.  The Granville Bridge provides easy access to Vancouver’s entertainment district.

Granville Island remains one of Vancouver’s most popular tourist destinations.  Here, one can shop at the market for fresh, local food, visit the Kid’s Market, tour the Granville Island brewery, or take advantage of the many local artisans showcasing their wares.  Restaurants such as Bridges and The Sandbar always have a great atmosphere and food to match (Bridges leans towards more pub fare).  The Arts Club Theatre plays live theatre throughout the year, and the Arts Club Lounge features live music or comedy nightly, making it a great pre or post-dinner spot.  Granville Island hosts several events and festivals throughout the year, including the annual Pancake Breakfast on Canada Day.

There are a few marinas along False Creek South where moorage is available, and the seawall now runs all the way past Science World to Stanley Park or Canada Place.  Charleson Park along the seawall is gorgeous, and has a children’s centre.  The False Creek Community Centre next to Granville Island has tennis courts and offers various programs and activities for people of all ages.  The Vancouver Lawn Tennis & Badminton Club is located at Granville Park on W. 15^th and Fir St.

Real Estate

Fairview real estate prices are slightly above the Vancouver average, although they have been increasing at a slower rate than the rest of Vancouver.  This could be attributed to the low number of new developments in the area.  Portico at South Granville was completed in the last decade, but is no longer as sought-after a residence as it once was, as there are newer properties in other areas of town.  The Olympic Village is sleek and modern, and has completed that area of False Creek nicely.  Controversy still surrounds the ownership of the Olympic Village properties, however; they are currently owned by the city and have been slated for purchase by non-profit companies for low-income housing.  This proposal makes the most sense, yet purchasers are encountering a lot of red tape.  Although some Fairview residences are older, most are spacious with great views of the city.

Schools and Safety

Fairview is a safe neighbourhood with a strong sense of community.  Lord Tennyson Elementary and L’Ecole Bilingue Elementary serve the area, along with Prince of Wales Secondary School.  There are also several private schools nearby, including St. George’s (boarding school for boys, grades 1-12), York House (day school for girls, grades 1-12) and Little Flower Academy (Catholic high school for girls).  The renowned Emily Carr University of Art & Design is located on Granville Island.

Transportation

Like its neighbour Yaletown, False Creek North was once primarily industrial, until the industry was moved out in preparation for Expo ’86.  As Yaletown rapidly developed, properties began to be constructed eastward, and at present the last available strip of land is being built up, which will continue the waterfront properties from Yaletown all the way to the Telus World of Science.  The International Village and Chinatown are also growing rapidly, creating a thriving, multicultural community in False Creek North.

Who Lives There

False Creek North incorporates an interesting mix of people.  The population spans a spectrum from a large expatriate community, most of who have lived in the area longer than Canadian-born residents, to recent residents inhabiting some of the newer properties in this changing neighbourhood.  Pin-pointing education level, annual income, and household size is difficult because the spectrum is so broad:  the waterfront along False Creek, the International Village, and Chinatown all have different demographics.  False Creek North is consolidating, however, and the years to come will create a strong, solid community.

Things to Do

The Telus World of Science, created for Expo ’86, can be a great stop on a rainy day for people of all ages.  Tinseltown movie theatre is situated in the International Village.  Chinatown is always a great place to view heritage buildings, hunt for bargains and sample Asian fare, and the Chinese night market – taking place every weekend during the summer – promises a fun experience whether you purchase anything or not. 

Rogers Arena (formerly GM Place) and the soon to be renovated BC place call this neighbourhood home, making concerts, hockey games, football games, and other major events easily accessible.

Chambar Restaurant on Beatty St. boasts one of the best menus in the city and has a fantastic atmosphere.  The Keefer Bar features “Apothecary Cocktails,” designed to soothe certain ailments and made with ingredients from the local Chinese market.  Asian tapas are also available here, served in a lounge space of sleek design.  Fortune Sound Club in Chinatown has the best sound system in the city, and one of the best atmospheres.  Closer to the water, visit the Plaza of Nations for concerts, shows, or a night out at Gossip Nightclub or the Edgewater Casino. 

The seawall can now be run, cycled, walked, or rollerbladed all the way to Spanish Banks in one direction and around Stanley Park or Canada Place in the other.  Cooper’s Park is an off-leash sanctuary for dogs, and Andy Livingstone Park is a large urban oasis with a skateboard park, playground, and tennis courts.  Dr. Sun-Sat Yen Classical Chinese Garden in Chinatown is a must to visit, even at night, when there are classical concerts during the summer and a lantern festival on the winter solstice.

Real Estate

Like the demographic, real estate in False Creek North spans a broad range.  Many of the buildings in Chinatown are heritage buildings, and there are also some run down properties in the area.  Some heritage buildings have been refurbished beautifully, however, and False Creek North is also home to some of the newest and most exciting Vancouver real estate.  False Creek North real estate prices reflect this disparity, but across the board real estate in this area is one of the best investments in Vancouver, as it has perhaps the most room for growth in all of downtown.

Along the waterfront, Concord Pacific has plans to fully develop the last remaining large parcel of land – and waterfront property – in downtown Vancouver by 2020.  The Tinseltown and Chinatown areas are also poised for expansion and improvement.  The Keefer Boutique Residence in Chinatown embodies the future of False Creek North.  From the bar downstairs to the penthouse, which includes a glass bottomed roof-top swimming pool, this innovative property – offering short or long-term stay in one of four luxurious suites – exemplifies the trend toward sophistication in the neighbourhood. 

Schools and Safety

At present, Lord Strathcona Elementary School is the only public school in the area, but Elsie Roy Elementary serves nearby Yaletown, and the nearest high school is Templeton Secondary. 

False Creek North is lately becoming more community oriented than it has been in the past, but is not the safest neighbourhood in Vancouver.  

Transportation

Point Grey, located between Kitsilano and UBC, boasts some of the most prestigious Vancouver real estate.  Bordered on the North side by the spectacular Spanish Banks and Jericho Beach, it is no surprise that this neighbourhood is one of the most sought after in Vancouver, British Columbia, and even Canada.  From the high vantage point many of the Point Grey homes provide, the view of the Pacific Ocean, North Shore Mountains, and downtown Vancouver are unparalleled.

Who Lives There

The average education level and income in Point Grey are much higher than those of Vancouver and Metro Vancouver.  Residents include professionals, University of British Columbia faculty, city dignitaries, and families.  Due to the area’s proximity to UBC, students also reside in the area, most in rental suites in detached houses or apartments in Point Grey Village.  Point Grey is an established, affluent and family oriented community.

Things to Do

Spanish Banks features the longest strip of sandy beach in Vancouver, where one can barbeque, cycle, skimboard, play volleyball, or simply enjoy the magnificent views.  Spanish Banks leads into Locarno Beach and then Jericho, both of which are just as inviting.  Jericho Park (next to Jericho Beach) is home to the Jericho Sailing Centre, Club Locarno, the Royal Vancouver Yacht Club, the Jericho Tennis Club, and the West Point Grey Community Centre.  Members of and visitors to these establishments can dine, swim, kayak, sail, paddle board, wind surf, row, play tennis, badminton, and numerous other activities.  Point Grey offers a plethora of indoor and outdoor activities to suit any interest.  The annual Vancouver International Folk Festival is also held at Jericho Park.

Point Grey village on 10^th Avenue is home to shops, eateries and services.  Provence Restaurant offers fine Mediterranean cuisine, and The Cellar Jazz Club on Broadway and Alma is a good late night spot.  For more lounges and restaurants, one should venture further east along Broadway or 4^th Avenue.

Real Estate

Those in search of a stunning Vancouver home need look no further than Point Grey.  Those looking for waterfront property can expect housing prices in the millions, but will find large, established, detached houses with panoramic views.  Away from the water homes are primarily detached, and while prices still average seven figures for many of these, there are smaller homes and some condos that are more affordable.  Most Point Grey residents own their homes, as it is a great neighbourhood in which to settle down.

Schools and Safety

Elementary schools in the area include, Queen Mary, Jules Quesnel, Lord Kitchener, and Queen Elizabeth.  Lord Byng Secondary, Point Grey Secondary, West Point Grey Academy (Private, Pre-Kindergarten – 12) and West Point Grey School of Music are all in the neighbourhood as well.  Various pre-kindergarten schools are available, and the University of British Columbia borders Point Grey – walking distance from some residences.

Point Grey is one of the safest communities in Vancouver, but as most of the area is residential, residents should exercise the usual caution, especially at night when the streets are relatively deserted.  Some areas are patrolled by security, however, and in general Point Grey is a wonderful place for families.

Transportation

Vancouver’s West End is bordered by English Bay, Stanley Park, Coal Harbour, and the downtown core.  The West End is the second most densely populated area in North America (second only to Manhattan Island), but due to its serene location and various no-through roads within the neighbourhood, it is surprisingly quiet. 

Who Lives There

Due to the nonexistence of detached homes in the area, the West End is home to fewer families than the rest of Vancouver.  The West End population consists of mostly singles and couples between the ages of 20 to 34, even though the location is fairly family-oriented (see Things to Do and Schools and Safety).  The West End is also home to Davie Village, Vancouver’s largest gay neighbourhood.  Residents of Vancouver’s West End tend to be highly educated but with slightly lower household incomes ($51,933 compared to the $64,889 average for Vancouver).  This discrepancy could be attributable to the young population employed primarily in the sales and service sector.

Things to Do

The West End is home to numerous bike and rollerblade stores (the corner of Denman and Georgia boasts 3), with both available for rent or purchase.  The Stanley Park seawall is one of Vancouver’s main attractions, and here runners, walkers, cyclists and rollerbladers enjoy the luscious scenery daily.  The Stanley Park seawall passes Third Beach (one of downtown Vancouver’s most secluded beaches), Second Beach (home to the Second Beach outdoor pool), and leads to English Bay and Sunset Beach. While Stanley Park features attractions such as the Vancouver Aquarium and a Pitch ‘n’ Putt course, there are other, smaller, parks within the West End, including an off-leash dog park and tennis courts.  The West End Community Centre on Denman Street is a fantastic place to get involved in the community, and participate in ice skating, hockey lessons, or borrow books from the library.

Restaurants include The Boathouse English Bay, with one of the most Panoramic views in Vancouver, and Lolita’s South of the Border Cantina on Davie St, a small establishment with a great vibe and even better food.  Shima Sushi on Denman St. has incredible sushi at low prices, and the world-renowned Cupcakes on Denman is a must to visit.  The Bayside Lounge, a West End fixture since the 1980s, is a great place to visit in the evening, while those looking to go dancing will never be disappointed at Celebrities, once primarily a gay club but now host to both drag shows and international djs, depending on the night. 

During the summer, English Bay plays host to the Celebration of Light, a four-night fireworks extravaganza perfect for families, as well as the Pride Parade, a celebration of diversity in Vancouver.

Real Estate

There are fewer new developments in the West End than in other parts of downtown Vancouver such as Yaletown and Coal Harbour.  West End Real Estate is on average priced lower than most Vancouver real estate, at $344,759 – on average – for an apartment property.  While older in style, these condos tend to be much more spacious than newer apartment properties across the city.  The proximity of these properties to the beach and Stanley Park add to their appeal and value.

Schools and Safety

In addition to a number of daycares, the West End is home to two elementary schools (Lord Roberts Elementary and Lord Roberts Annex) and King George Secondary.  Safety is not much of a concern during the day, but due to the quiet nature of the neighbourhood residents should be a little careful at night, when the streets can be deserted. The quietness of the West End, however, is one of its best features, and most residents are friendly and look out for each other. 

Transportation

Walking around and cycling through the West End is a pleasant experience due to the network of one-way, tree-lined streets and dead ends designed to minimize traffic through one of Vancouver’s busiest areas.  For residents, this network does not pose much of a problem once you know your way around, and will lead you to a major throughway in a matter of a couple of minutes.  Pacific, Denman, Davie, Burrard, Robson, and Georgia streets are all easily accessible, as are the many buses that stop along these busy streets. 

The closest SkyTrain station from any point in the West End is Burrard Station, which serves the Expo and Millennium Lines that travel eastward.  Burrard Station is one stop from Waterfront Station, where one can transfer to the West Coast Express, the SeaBus to North Vancouver, or the Canada Line to Richmond and the Vancouver International Airport.  The Lions Gate Bridge leads out of the West End straight to North and West Vancouver, while the Burrard Street Bridge links south from Pacific Avenue.  Those wishing for a more leisurely journey can catch the AquaBus from underneath the Burrard Street Bridge, and head to Granville Island or Yaletown.

Established in 1867, Gastown is the oldest neighbourhood in Vancouver, but quickly becoming the freshest place to live.  The streets are lined with heritage buildings that house funky boutiques, restaurants, and incredible lofts.

Who Lives There

Things to Do

Gastown is home to a plethora of boutiques, galleries, restaurants and lounges.  Shops range from the casual Alife on Water St. to John Fluevog across the street, a building made of two panels of glass situated between two existing buildings.  Restaurants such as Boneta, Cobre and Diamond have brought a European-style dining experience to area, and The Revel Room offers live jazz and incredible cocktails.  La Casita at first glance may seem like a hole in the wall, but the food is about as authentic Mexican as you can find this far north – and delicious.  Salt dedicates its menu to wine, scotch, and cheese, meat and antipasto plates, while at Guilt & Co. one can order board games with a cocktail.  Upstairs the Chill Winston provides one of the best people watching patios in the city, and during the Vancouver International Jazz Festival some of the best seats.  Shine perseveres as the leading nightclub in an area which was once home to many, but Gastown now seems focused on great food, fun lounges (try the Lamplighter or the Irish Heather) and interesting people.  UAWKU9ETT4FB

Real Estate

Once targeted for demolition during the 1960s, Gastown was saved due to the large number of heritage buildings.  As the rest of Vancouver developed, however, Gastown was left behind.  Now, many of the original properties remain, but have been refurbished to create stunning lofts and suites to suit the savvy residents.  Other buildings, although not saved, have stayed true to the character of the area.  The Woodwards building houses some of the most sought-after real estate in Vancouver: a property that signifies the direction the neighbourhood is headed and that caters to the emerging professional population in the area.  Most Gastown properties are apartments and condos, and most inhabitants rent.  While real estate prices are above average in relation to Metro Vancouver as a whole, they increase steadily on a yearly basis, ensuring Gastown real estate will remain a good investment in the years to come. 

Schools and Safety

Strathcona Elementary School is located nearby on East Pender Street.  The nearest secondary school is King George Secondary in the West End, but various post-secondary institutions are close by, including the SFU and BCIT downtown campuses. 

Due to the many years Gastown was not properly maintained, it is not the most family-oriented area of Vancouver.  It is not however, entirely unsafe, and since the new developments is fast becoming one of Vancouver’s hot spots.  While safety can be a bit of a concern at night time, the well lit busy streets and late-night restaurants diminish any serious risk.

Transportation

Vancouver Real Estate Market

During the summer, everything moves at a more relaxed pace; looking at the latest statistics from the Real Estate Board of Greater Vancouver, it would appear the Vancouver real estate market is no exception.  The Real Estate Board of Greater Vancouver reports that this time of year is traditionally slow, yet sellers should not be deterred.  While sales of detached, attached and apartment properties have dropped by an average of 30.4% since June 2009, they have increased by a considerable 23.6% from June 2008.  Furthermore, the benchmark price for all residential Vancouver real estate increased by 11.8% from June 2009.  The report indicates that the Vancouver real estate market remains healthy – maintaining its strong post-recession sales without the record-breaking numbers of earlier this year.   EPUA2KQCZKND

Grace at 1280 Richards

Among the new real estate listings to recently hit the market is a condo in the Grace Residence at 1280 Richards St.  The Richards at Drake location is among the most convenient in the downtown Vancouver area.  Two blocks from the Canada Line, commuting to and from the downtown core or Vancouver airport is a breeze.  Choices Market down the street gives this area a feeling of community, and the many restaurants and shops nearby will satisfy any taste. 

The award-winning Grace features gorgeous exterior architecture matched by impeccable interior design.  Arches adorn a plant-lined breezeway which leads up to a lobby that, like all common areas in the building, requires fingerprint access.  Among these amenities are an indoor/outdoor swimming pool, an exercise room, and an outdoor play area for children.

After more than a month of less than ideal summer weather, at last temperatures are soaring in Vancouver.  Just in time for July, patio season has arrived in Vancouver in full force.  Whether during the scorching day or balmy night, there are few things better than relaxing in the company of good friends, dining al fresco.  Vancouver has more than its fair share of great patios; here are a few favourites.

Karv

The Boathouse

Under the Granville St. Bridge on the North side of False Creek, the Pirate Pub likely does not offer much in the way of pub food that you haven’t tasted before.  It does, however, have some prime people watching real estate, situated literally right on the seawall.

C Restaurant

Just along the seawall from the Pirate Pub, C boasts similar real estate, with substantially fancier fare.  C is one of the best seafood restaurants in the city, though a little less lively than some places – perfect for a quiet afternoon escape.

Brix

This hidden gem in Yaletown features a European style courtyard.  Although this patio is not great for sunshine, it can be an enchanting place to stop in for a late-night bite.

A summertime favourite, Provence offers some of the best brunch in Vancouver.  Eggs Benedict on crab and shrimp cakes or baked Eggs Florentine are only made more enjoyable by the ideal location surveying the Yaletown Marina.

Havana

Located on Commercial Drive, the Havana patio does not have the views of some of the beachfront properties elsewhere in the city.  It does, however, have exotic food and a relaxed atmosphere that will have you on island time before you can say “Mojito”.

Chill Winston

Vancouver Canada Day Celebrations

Canada Day.  A time for celebration.  Each year, Vancouver hosts some of the country’s best Canada Day parties.  If you want to attend public celebrations this year, the festivities across Vancouver will last from dawn until well after dusk.  Start the day off right with a Truly Canadian Pancake Breakfast at Granville Island, beginning at 8am.  Live jazz and street performers entertain on Granville Island throughout the day, and later on a South Asian festival provides more food and entertainment, lasting until 11pm.  Canada Place hosts downtown Vancouver’s largest Canada celebration, featuring a street festival and parade.  The entertainment includes live music from four concert stages, and culminates with the Canada Day Parade at 7pm.  From 10:30-11pm the Burrard Inlet Fireworks Show tops off what is sure to be an outstanding day, and can be viewed from various vantage points throughout the city, including Canada Place, the North Shore, and Spanish Banks.

Vancouver Real Estate and the BC HST

For many BC residents, however, this Canada Day will not signify cause for celebration: July 1^st 2010 marks the day the dreaded HST will come into effect.  While the BC Harmonized Sales Tax holds innumerable drawbacks, especially for Vancouver homebuyers, there are some misconceptions that make the outlook for Vancouver Real Estate appear bleaker than it is.  The Vancouver Sun reports that the HST does not apply to existing homes, and various rebates ensure that purchasers of new homes priced below the “rebate threshold” of $525,000 will pay no more tax than they would under GST.  The Vancouver Sun also notes that even those homes priced above $525,000 will not be subject to the full 12% HST.  Regardless, this news is small comfort for many Vancouver real estate investors and home buyers.  Already, Vancouver is one of the most expensive cities in which to live.  Additionally, the HST will also apply to other costs associated with real estate, such as strata fees and renovations.  The standard of living is so high, however, and the city so beautiful, that Vancouver residents will continue to buy homes and settle down in the city they love.  Your Vancouver realtor can help you choose a home to match your needs, and explain how the HST will affect your home purchase. 

Affordable Vancouver Real Estate

There are many affordable homes within the downtown Vancouver area whose prices will not be greatly affected by the change in tax structure, yet will retain their appeal in regards to location and quality.  Buildings like the Meridian Cove at 2201 Pine St. in the Fairview area of Vancouver are minutes from downtown Vancouver via the Burrard or Granville St. bridges.  A recent listing in the Meridian Cove is priced at $410,000, within the HST rebate threshold and reasonable for such a central area.  The fitness centre and indoor saltwater pool and hot tub featured in the building – along with large balconies off the suites with wide vistas of downtown Vancouver and the North Shore Mountains – add to the appeal of the Meridian Cove. 

During the summer in Vancouver, tourists come out in droves; but whether you are a tourist, in the market for Vancouver real estate, or already a Vancouver homeowner, summer is a time to get together with friends and family and celebrate the long days and hot weather.  In addition to the many individual concerts and gatherings, Vancouver plays host to numerous festivals throughout the year; the best of which seem to occur during the summer months.  Indeed, there are far too many to choose from.  While most are geared towards family, they are enjoyed by people of all ages, offering something for everyone.  Here are my top picks:

                                                                          Bard on the beach

Running from now through September 25^th, this outdoor Shakespeare festival plays sold out shows each year, offering matinees under the sun and primetime performances under the stars.  Some of Vancouver’s most talented actors and crew are involved in these productions, which this year include Anthony and Cleopatra, Much Ado About Nothing, Falstaff (an adaptation of Henry IV, parts I & II) and Henry V.

Always a summer highlight, the Jazz Festival offers free shows and paid concerts at various venues throughout Vancouver.  Gastown and David Lam Park in Yaletown are two central locations for free shows and people watching, but don’t miss the Canada Day celebrations at nearby Canada Place on July 1^st.  The Vancouver International Jazz Festival runs from June 25^th to July 4^th, 2010.

33^rd Annual Vancouver Folk Music Festival

The weekend of July 16^th-18^th, the Vancouver Folk Music Festival takes place at Jericho Park.  Tickets can be purchased for the whole weekend or for one night only, but people not attending shows are welcome to walk around the vendor’s stalls on the beach lining the concert venue.  This festival has become a huge part of Kitsilano culture dating back to the late 1970s.

Celebration of Light

This international fireworks competition is a crowd favourite every year.  On July 21^st, 24^th, 28^th and 31^st, arrive early to English Bay of Kits Beach, or gather at a friend’s place with a view of English Bay to witness an incredible fireworks show set to music.  The large crowd this event always draws ensures an especially festive atmosphere throughout Vancouver – a great way to celebrate the height of the summer season!

Caribbean Days Festival

Just a SeaBus ride over to Lonsdale Quay in North Vancouver will get you to this waterfront event which takes place the weekend of July 24^th and 25^th.  The festival features a multi-cultural street parade, Island and International food fair, musical and dance entertainment all weekend long, and an arts and clothing market. 

20^th Annual Illuminares Lantern Procession

While this festival is one night only (Saturday July 25^th), it is not to be missed.  The procession at Trout Lake in East Vancouver is stunningly beautiful.  Participants can make their own lanterns, or just watch as others walk by with their creations. 

Pacific National Exhibition

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.