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Real Estate

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Grace Chen

on 27 May 2013

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Transcript of Real Estate

Duplex House Apartment Greater Vancouver Real Estate Presented by Grace Chen Ciara Melhus . . M.Ridge Life Middle Class, Low-Middle Income family friendly complex (small family)
conveniently located close to schools & shopping
sufficient yard space, nearby playgrounds, parks Because of the expansion of the Vancouver metropolitan area the completion of the Golden Ears Bridge. Current population: 68,949
Maple Ridge has a “close to nature” feel and much forestry, berry crops, nurseries, and horse breeding. Rapid Growth in last 20 years Change in Maple Ridge What used to be acres of farmland is rapidly being reduced in order to make room for more housing. As real estate prices are rocketing up in nearby cities such as Coquitlam, Burnaby, Port Moody, PoCo, & Surrey, Maple Ridge remains more affordable in comparison. Yaletown Look out over the False Creek Marina while living in a beautiful updated living space. Granite counters and all stainless steel appliances. Also, gas fireplace and hard wood flooring. The entirety of downtown is at the owner’s fingertips. No need to own a car as transit is very usable and even better most everything is in walking distance. LOCATION Affluence West Vancouver is home to large, expensive properties and houses. The average house sells for over $2 million CAD, though some may occasionally be seen for ~$30 million. The city is considered one of the wealthiest Canadian municipalities.
80% of West Vancouver’s population (which is 42,694) has a total family income of at least $100,000. The average total income for males is $86,253 and $48,070 for females. This nearly doubles the provincial average. The top five professions in the city are professional science and technical services; retail trade; health care; finance and insurance; and educational services. Excellent family setting
High quality schools
safe and secure neighbourhoods
sandy beaches, seaside walks, marinas, hiking trails, ski area, and distinctive residential neighbourhoods
has small-town charm with cosmopolitan amenities
proximity to downtown Vancouver makes it a desirable setting Demographics West Vancouver has the second highest percentage of persons older than 65 years of age living in BC.
60% of residents (over 15 years of age) are married.
As of 2011, there are 12,330 families (with children) residing in West Vancouver.
The bulk of the population lives in single, detached houses.
Slow population growth.
Slow addition of housing units.
Strong desire to preserve and enhance quality and character of neighborhoods.
Concern about the community’s ability to meet diverse housing needs over time.
Residential property comprises 96% of total property value in West Vancouver while commercial property comprises 4%. 350 Keith Road, Park Royal
West Vancouver quiet, close to everything
quick access to downtown

14 Elementary Schools
catchment for Hollyburn Elementary (5 min drive). Fraser Institute ranks it 50/853
3 Secondary Schools
catchment for West Vancouver Secondary (8 min drive). Ranked 53/280. Features 2 campuses, a $12 million Performing Arts Centre, IB program, reputable sports program

Park Royal shopping centre
easy access to bus terminals & Horseshoe Bay Ferry $2,358,000 Partly renovated at the end of 2012: new flooring, pre-wired media room, 'Georgie Award' winning kitchen, top of the market kitchen appliances installed

(The Georgie Awards®, owned by the Canadian Home Builders' Association of British Columbia (CHBA BC), is Canada's premier housing awards program that highlights and celebrates excellence in home building.) 12371 Greenwell Street, Maple Ridge $379,900
$1533 mtg/month $9,518 mtg/month 9 min walk from Harry Hooge Elementary
6 min drive from Eric Langton Elementary (offers French Immersion) 4 min drive from Thomas Haney Secondary
7 min drive from Maple Ridge Secondary (offers French Immersion) Tim Hortons
Black Belt Academy
Sushi Gozen
Used Book Store
Papa John's Pizza
Donair Affair
Blenz Coffee
Public Library
Nature's Choice Foods
Thrifty Foods
Kin's Farm Market
Haney Place Mall

5 min drive from downtown maple ridge

10 bus stops Many farmers are turning to City Hall for permission to
sell their farmland to land developers. This way, the farmer
makes a large sum of money and the developers are given
more space to build residential buildings. # 1105 1077 Marinaside Dr, Yaletown, Vancouver West
Price: $769,000.00 Recreation, shopping, and marina nearby Amenities:
•Indoor Pool
•Media Room
•Appliances Included •Storage
•Garbage disposal unit
•Passenger elevator
•Recreation centre Yaletown is a lively neighborhood with restaurants and bars all around. It has become a trendy and upscale area with easy access to the center of downtown Vancouver and the water (aqua bus to Granville island). Target Market:
The target market for this Yaletown apartment would be 20-30 year olds or 50-60 year olds. The 20-30 year old bracket would like this apartment because it is so close to downtown Vancouver, if working downtown it can mean easy access to work without the need of a car, it also provides a fun life as they can go out easily during the day and explore or enjoy the nightlife that Yaletown has to offer. Yaletown used to be an industrial district but it is now one of the most trendy and popular neighbourhoods. The majority of the neighbourhood is 20-40 year old professionals, but there are a growing number of empty-nesters and families entering Yaletown. The 50-60 year old bracket would be a target market for this if they are looking to change things up in their lives. It offers a chance to see their city in a new light and give themselves a second youth. They can explore the areas and activities easily and go without a car. There is now an elementary school in Yaletown allowing families to more easily live in the city and empty-nesters are deciding to have a renewed youth and live the big city life. It is still dominated by young professionals but we can see the changes occurring. Population: 11,608

Median Age: 37

Average Household
Income: $70,870

Average house
price: $591,875
Full transcript