978 replies to this topic

[Rob Randall]

You'd be surprised at how important the physicality of a new-build home is to some purchasers (and how many such purchasers there are who wait for the finished product), as opposed to choosing that home via architectural drawings and renderings 2-3-4 years ahead of occupancy.

 

Nobody wants to be Bambu-zled.

[Mike K.]

Lol!

 

Yes, exactly. It happens.

[G-Man]

I would say generally that the vast majority of people buy in or around the time they plan to sell or move based on life events. I would guess that of the general population it is an infinitesimally small proportion that would ever buy a presale.

[Mike K.]

It's not quite that small.

Just in the downtown core alone nearly 1,000-units have been purchased and completed since 2016. Another 1,100 are under construction, most of them already pre-purchased. Region-wide there are 2,200 condos underway.

6,000-odd re-sale homes are purchased in this region annually, and another 1,500-odd homes are pre-sales (condos, townhomes and single-family-homes), so about a fifth of home sales are purchased site unseen.

[Victoria Watcher]

1 left on the 2nd floor. 3 on the top. then a good selection of floor plans still available between.

Edited by Victoria Watcher, 12 September 2019 - 04:16 AM.

[Banksy]

Definitely not the scraps that are left over, I'll be there on the weekend to see this for myself. I was in a Mosaic condo not that long ago and it was far out.

[Victoria Watcher]

215 suites in this one building is pretty impressive. I wonder where that ranks on suite count for the city.

[ovovov]

other discussion here:

 

https://vibrantvicto...g-condos/page-3

[Mike K.]

215 suites in this one building is pretty impressive. I wonder where that ranks on suite count for the city.

 

Yeah, it's the most-dense downtown Victoria residential building built in recent history. Not even the 15 and 17-storey 989 towers have more units (206) and Yello totalled 209. The next closest would be 1008 Yates with 195.

 

I think only View Towers has more homes.

[Victoria Watcher]

that really says something. wow.

how many suites does that rental on mt. tolmie have? it’s just 3 floors but it’s big.

oh 117.

https://goodmanrepor...drive-victoria/

Edited by Victoria Watcher, 13 September 2019 - 06:39 AM.

[Nparker]

that really says something...

It says the units at the Jukebox must be very small.

[Mike K.]

that really says something. wow.

how many suites does that rental on mt. tolmie have? it’s just 3 floors but it’s big.

oh 117.

https://goodmanrepor...drive-victoria/

 

It's a huge building, for sure.

 

They opted to go up to nine-storeys in order to incorporate over-height 10'+ ceilings in the majority of homes.

[Victoria Watcher]

well that makes for more space in the small units if you work it out right.

[sebberry]

that really says something. wow.

how many suites does that rental on mt. tolmie have? it’s just 3 floors but it’s big.

oh 117.

https://goodmanrepor...drive-victoria/

 

Is that rent chart accurate?  Prices seem low in this market.  Or is the building on its last legs?

[Victoria Watcher]

Is that rent chart accurate?  Prices seem low in this market.  Or is the building on its last legs?

 

not sure how up-to-date it is.  but this is rent roll averages for sale (of the building) purposes.  and i bet lots of tenants are long-timers (under rent control).  so it's not what they'd rent for today but what the average rent roll is now.

[MikeF4]

I own an investment property in the Jukebox and just became aware of a GST rebate for owners of residential rental units. Anyone have any experience with this?

[Victoria Watcher]

I own an investment property in the Jukebox and just became aware of a GST rebate for owners of residential rental units. Anyone have any experience with this?

 

https://www.canada.c...rty-rebate.html

 

a couple realtors on this site might be worth asking.  marko juras or davidS  or is it davidL i forget.

Edited by Victoria Watcher, 13 September 2019 - 02:01 PM.

[Kapten Kapsell]

Yeah, it's the most-dense downtown Victoria residential building built in recent history. Not even the 15 and 17-storey 989 towers have more units (206) and Yello totalled 209. The next closest would be 1008 Yates with 195.

I think only View Towers has more homes.

Aria on Humboldt is relatively dense with 183 units...

[Mike K.]

Yes! It’s also a big project.

Hudson Place Two is on track for 235 rentals if built as currently proposed.

[Mike K.]

I'm hearing there were over 400 individuals at this weekend's open house.

 

Another round is planned for this weekend, same times (1-4PM Saturday and Sunday).