Jump to content

      













BUILT
The Horizon, phase 1
Uses: condo, townhome
Address: Tyee Road at Gaudin Road
Municipality: Victoria
Region: Urban core
Storeys: 4
Condo units: 35 (studio/bachelor, 1BR, 2BR, townhome)
Sales status: sold out / resales only
The Horizon, phase 1, is a four-storey woodframe condo featuring 35 studio, one-bedroom and two-bedroom units.... (view full profile)
Learn more about the Horizon, phase 1 on Citified.ca
Photo

[Vic West] The Railyards | Condos; townhomes | Under construction


  • Please log in to reply
529 replies to this topic

#501 Dr. Barillas

Dr. Barillas
  • Member
  • 152 posts

Posted 29 January 2019 - 10:18 AM

Looks like they're ready for the final building. I wonder when it gets started?


"Never go to a doctor whose office plants have died"
 


#502 MarkoJ

MarkoJ
  • Member
  • 4,761 posts
  • LocationVictoria

Posted 29 January 2019 - 11:37 AM

Looks like they're ready for the final building. I wonder when it gets started?

 

Sooner the better, I am excited about the last building. Finally some height + concrete to finish off the Railyards.


  • Dr. Barillas likes this

Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2018 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#503 Jackerbie

Jackerbie
  • Member
  • 2,213 posts
  • LocationRichmond, BC

Posted 29 January 2019 - 11:46 AM

Is there a separate thread for the final phase?

 

Design revisions were submitted in September. Unit count is now 86 and the building has a lot more colour. Dev tracker: https://tender.victo...Number=DPV00080

 

Capture.PNG

 

Capture2.PNG



#504 MarkoJ

MarkoJ
  • Member
  • 4,761 posts
  • LocationVictoria

Posted 29 January 2019 - 01:27 PM

I am digging the 360 sq/ft studio layout, small balcony to boot.


Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2018 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#505 Citified.ca

Citified.ca
  • Administrator
  • 1,544 posts
  • LocationVictoria, BC

Posted 14 March 2019 - 08:28 AM

Incentives will be revealed tomorrow to registrants. To register, click here.

 

Le-Fevre-&-Co.-to-announce-buyer-incentives-for-The-Railyards'-move-in-ready-condos.jpg

Developer Le Fevre & Company will be announcing market-leading incentives for remaining condominium inventory at Horizon 2, the second-to-last phase of the masterplanned Railyards community in Vic West. The final phase, Horizon 3, is expected to get underway by year's end.

 

Le Fevre & Co. to announce buyer incentives for The Railyards' move-in ready condos

https://victoria.cit...n-ready-condos/

 

Market-leading purchase incentives announced for un-sold condominiums at The Railyards development’s Horizon 2 building are targeting buyers in search of a move-in ready residence or investment property.

 
With municipal approvals just around the corner for the final phase of Le Fevre & Company’s 13-acre masterplanned community, the newly-built Horizon 2 is poised for a quick sell-out ahead of developer Chris Le Fevre’s culmination of nearly two decades of Railyards construction with the launch of the final phase.
 
Ready to move on to the final phase, the development team is offering generous pricing discounts before launching the final build. 
 
“Horizon 2 is down to a handful of units, including a top floor two-bedroom suite with two parking stalls, and we’d like to enter the final phase with a clean sales sheet,” says Joe Sopp, Sales Director at Le Fevre & Company. “At this time significant price discounts on all remaining inventory will come into play as we shift our focus towards the final phase.” [Full article]

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.

#506 RFS

RFS
  • Member
  • 3,228 posts

Posted 14 March 2019 - 08:40 AM

Sign of the times



#507 Mike K.

Mike K.
  • Administrator
  • 48,723 posts

Posted 14 March 2019 - 09:15 AM

Nah, don't be so negative.

 

When Ford announces a year-end clear-out people respond by buying up the inventory at a lower price. This is no different, really. Le Fevre just wants to clean the slate ahead of the big launch of the last phase which I think we can all agree will be a monumental project for him and the Vic West community.


Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#508 RFS

RFS
  • Member
  • 3,228 posts

Posted 14 March 2019 - 11:02 AM

Not being negative. Just saying 24 months ago there would have been no incentive and no unsold move-in ready inventory. Its a great development and hopefully a great deal for some people
  • songheesguy likes this

#509 Mike K.

Mike K.
  • Administrator
  • 48,723 posts

Posted 14 March 2019 - 11:20 AM

Sure there was.

Horizon Phase I, two years ago, had unsold inventory upon completion, 595 did, the Era did, etc. They basically all did except for a handful of projects, but the inventory just wasn’t promoted to the extent it is today as the pool of buyers was larger due to there not being the stress test, etc.

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#510 Mike K.

Mike K.
  • Administrator
  • 48,723 posts

Posted 14 March 2019 - 11:28 AM

In fact I would say the stress test in markets like Victoria where locals compete with wealthy retirees is where the program breaks down. It’s one this if you’re living in Regina and the stress test forces you to go from a $175k condo to a $160k condo, but it’s quite another when you’re forced out of the market entirely because you no longer qualify for an $X condo, and it’s the lowest priced opportunity on the pre-sale market.

The OSFI is on the defence claiming their program was never meant to slow the market, while CMHC is contradicting them, so is the end for the measure as it currently exists nigh?: https://business.fin...sed-to-do-again
  • RFS likes this

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#511 RFS

RFS
  • Member
  • 3,228 posts

Posted 14 March 2019 - 11:29 AM

Sure there was.

Horizon Phase I, two years ago, had unsold inventory upon completion, 595 did, the Era did, etc. They basically all did except for a handful of projects, but the inventory just wasn’t promoted to the extent it is today as the pool of buyers was larger due to there not being the stress test, etc.


Era was like 2015. Ancient history.
Its not exactly a big secret that there is a slump in demand. Its not the end of the world but pretending it isn't happening won't make it go away.
  • songheesguy likes this

#512 RFS

RFS
  • Member
  • 3,228 posts

Posted 14 March 2019 - 11:30 AM

In fact I would say the stress test in markets like Victoria where locals compete with wealthy retirees is where the program breaks down. It’s one this if you’re living in Regina and the stress test forces you to go from a $175k condo to a $160k condo, but it’s quite another when you’re forced out of the market entirely because you no longer qualify for an $X condo, and it’s the lowest priced opportunity on the pre-sale market.

The OSFI messed up and now that they’re on the defence claiming their program was never meant to slow the market, while CMHC is contradicting them, the end for the measure as it currently exists is nigh: https://business.fin...sed-to-do-again



I completely agree that the slump is largely the fault of bad policy

#513 Mike K.

Mike K.
  • Administrator
  • 48,723 posts

Posted 14 March 2019 - 11:31 AM

No, of course not, but we need to get away from the “there never was” sorts of comments when they’re not true.

When did the last Era unit sell?

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#514 Mike K.

Mike K.
  • Administrator
  • 48,723 posts

Posted 14 March 2019 - 11:33 AM

I completely agree that the slump is largely the fault of bad policy


Right, and the one thing government or federal institutions rarely do is admit a failure or rescind an unproductive measure.

The stress test, while rates are stagnant and on the verge of falling, is not only counterproductive but pretty meaningless.

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#515 Mike K.

Mike K.
  • Administrator
  • 48,723 posts

Posted 20 March 2019 - 11:51 AM

Only two units remain from approximately a dozen that were available at the start of the sales campaign.


  • thundergun and Victoria Watcher like this

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#516 thundergun

thundergun
  • Member
  • 1,165 posts
  • LocationVictoria

Posted 21 March 2019 - 11:47 AM

Keep us posted if you hear anything about the start of the next/last building. Will be great to see the whole project finished. 


  • Mike K. likes this

#517 Mike K.

Mike K.
  • Administrator
  • 48,723 posts

Posted 22 March 2019 - 03:49 PM

One left!

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#518 songheesguy

songheesguy
  • Member
  • 132 posts

Posted 23 March 2019 - 08:51 AM

One left!


Edited by songheesguy, 23 March 2019 - 08:56 AM.


#519 TheCesspit

TheCesspit
  • Member
  • 16 posts

Posted 10 May 2019 - 01:36 AM

They've started advertising for interest in the final phase.
  • Mike K. likes this

#520 thundergun

thundergun
  • Member
  • 1,165 posts
  • LocationVictoria

Posted 17 May 2019 - 08:12 AM

Signs up at the site for the new building, called the 'Panorama'.

 

Reviewed the plans on the Dev Tracker. Curious as to when a building needs to map out shadows/sun mapping. This seems to happen on plans for buildings downtown, or perhaps just buildings above a certain height, but didn't see one done here:

https://tender.victo...Number=DPV00080



You're not quite at the end of this discussion topic!

Use the page links at the lower-left to go to the next page to read additional posts.
 



0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users