YALETOWN CONDOS including FALSE CREEK NORTH CONDOS
Yaletown/False Creek North is located in the South East part of the Downtown Vancouver pensinsula.
Many of its luxury waterfront condo buildings have stunning views of False Creek and/or English Bay.

Are you looking to buy or sell your Yaletown condo, Penthouse or townhome? Contact area specialist & Certified International Luxury Homes Marketing member Holly Wood Vancouver Realtor with Sotheby's International Realty Canada.   ®

• 166 Yaletown condos are currently listed for sale
• 8 Yaletown townhomes are currently listed for sale on MLS®.
• 152 condos have sold in Yaletown since July 1, 2018.
• 11 Yaletown townhomes have sold since July 1, 2018.

Vancouver Real Estate trend - December 2018

• In December 2018 condo sales in Greater Vancouver reached 535, this represents a 34 per cent decrease compared to December 2017.
• In December 2018 townhome sales in Greater Vancouver reached 189, this represents a 49.1 per cent decrease compared to December 2017.
• The benchmark price of condos in Greater Vancouver increased by 0.6 per cent to $664,100 compared to December 2017.
• The benchmark price of an attached unit in Greater Vancouver increased by 1.3 per cent to $809,700 compared to December 2017.
• Click here for "STATS".

Home buyer demand stays below historical levels. The sales to active listings ratio for condos is 14.2 per cent and townhomes are at 12 per cent which is a buyers market. Overpricing will only make your condo sit on the market. Condo prices are still slightly rising and inventory is also on the upswing. Sellers now is still the time to list your home as good inventory is very low. Please call me as there are many buyers looking for your exact home.  Downtown Vancouver is a very specific special micro market and cannot be compared to any where else in this province or in Canada. The foreign buyers tax and speculation tax have also been implemented. Click "Google map"  to search all properties.

Are you waiting for the right time to buy your new Yaletown condo?
Now is a great time for buyers:

1. Mortgage rates are on the rise for a 5 year fixed term and some institutions offer lower variable rates. Some new rules came into place, so contact your mortgage broker for current updates. If you need to be connected to one please ask. Prime rate is now 3.95%
2. Prices are more reasonable compared to other world class cities around the world.
3. You may need to worry about competition in a multiple offer situation so please have a Realtor at your side.
4. Government reduces tax burden on first time buyers. Effective February 2017 under the Property Transfer Tax (PTT) First Time Buyers Exemption program, qualifying first time buyers can buy a home worth up to $500,000. The partial exemption continues and will apply to homes valued between $500,000 and $525,000 and new homes under $750,000.

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Newer Yaletown condos and False Creek North condos

• In 2010 The Erickson completed - see picture to the right. The Erickson is the luxury condo and townhome development at 1560 Homer Mews located at the bend in False Creek and adjoining the sea wall. Many of the condos and townhomes have wonderful close in water views. 
• In 2009 three buildings just north of the Cambie bridge completed:
  1.  Flagship at 8 Smithe Mews,
  2.  Coopers Lookout Villas at 9 Smithe Mews and
  3.  Coopers Lookout at 33 Smithe Street.
• In 2008 four buildings completed
  1. Luxurious Grace located at 1280 Richards and 499 Drake. -  a beautifully designed building with attractive features.
  2. Heritage style Ellison at 1228 Homer
  3. H&H at 1133 Homer
  4. and the third and last phase of Yaleton Park at 977 Mainland. The first phase is 928 Homer (2006) and the second phase is 909 Mainland (2007).

 Please contact me for more information about the above or other properties.

As a leading Yaletown/Falsecreek condo, Penthouse and townhome specialist, I have been successfully selling real estate since 2005. A Certified Luxury Homes Marketing Member who specializes in Luxury View and Waterfront properties as well as Commercial properties. I have worked with many non resident Buyers and Sellers as well as local clients.

Are you looking for SUPERIOR results? Contact me and take the first step to achieving your goal.

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