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, top Vancouver Luxury Homes Realtor ® Holly Calderwood -  Luxury Rentals  CPM 604-561-9699.   

• 217 Yaletown condos are currently listed for sale
• 20 Yaletown townhomes are currently listed for sale on MLS®.
• 438 condos have sold in Yaletown since January 1, 2021.
• 26 Yaletown townhomes have sold since January 1, 2021.

Vancouver Real Estate trend - August 2021

• In August 2021 condo sales in Greater Vancouver reached 1,631 this represents a 22.4 per cent increase compared to August 2020.
• In August 2021 townhome sales in Greater Vancouver reached 576, this represents a 7.1 per cent increase compared to August 2020.
• The benchmark price of condos in Greater Vancouver increased by 8.4 per cent to $735,100 compared to August 2020.
• The benchmark price of an attached unit in Greater Vancouver increased by 16.7 per cent to $952,600 compared to August 2020.
• Click here for "STATS".

While home buyers have remained active in Metro Vancouver throughout the summer, the supply of homes for sale has declined steadily since June. With a revised mortgage stress test that reduces the maximum borrowing amounts by approximately 4.5 per cent, and the average five-year fixed mortgage rate climbing back over two per cent since the beginning of 2021, we'll pay close attention to these factors, and the upcoming election to understand what affect they'll have on the current market cycle. Once the borders reopen I anticipate the market to move along even faster than its current pace. with so much pent up demand, who can predict what will happen, but it will be exciting to see it all unfold.

Overpricing will only make your home sit on the market. Sellers now is still the time to list your home as good inventory is very low. There are many buyers who have recently sold their home and need to buy. There are also many investors waiting on the sidelines for the perfect opportunity to jump in our market, ready to go with cash in hand. We are still a world class city with investors looking to us first for safety, clean air, safe banking, top schools and mild winters. 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. COVID-19 information  COVID-19 Tenancy Information

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

1. Mortgage rates are heading down. Prime rate is now 2.45% Click here to find out how you can prequalify for a Mortgage.
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 situations or need to navigate around in these new COVID-19 times in regards to showing, safety and disclosures so please have a local 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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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 Residential properties. I can help you rent out your home or condo for top dollar. 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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