Prime piece of land with some of the best views in the Lower Mainland. The massive Cypress Village project was seemingly approved in June, but it came back for one final debate this week and passed by a slim 4-3 vote.
A plan, decades in the making, to add hundreds of acres of parkland and build a new, dense neighbourhood of almost 7,000 residents and businesses off Cypress Bowl Road cleared its final regulatory hurdle at West Vancouver council Monday, by a margin of one vote.
Council already substantively debated and approved British Pacific Properties’ plans for Cypress Village in June. But when the phased development agreement, which governs how the lands will be built out over the next 20 years, came up for its final adoption on Monday, three council members made the rare move of reopening the debate.
Council in West Vancouver, B.C., voted Monday to move ahead with the sale of a beachfront property that includes a century-old public path leading to a popular beach.
The path to Altamont Beach at the bottom of 30th Street, adjacent to a property at 3000 Park Lane, is now set to become private property after the district voted to package it with a municipally owned lot in order to incentivize its sale for over $6.5 million.
A report to council notes that the concerns voiced by many residents over the loss of the path influenced the buyer's decision which was supported by the Realtor, West Vancouver Mayor Mark Sager and a majority of council.
Realtor Holly Calderwood said the Buyer's, myself and corporate discussed this at great length. The council originally wanted and we agreed upon and negotiated a 3 ft Right of Way on the east side that was suppose to be for Utility access. After much public feedback and pushback we thought this was the best and only way to make this work to put the pathway on the East Side ROW and thought this was a win win to help please the community and council and a way to give back to the community.
But as part of an amended motion that was passed on Monday, the buyer of the property says it will work with the district to add a new path to the east of the current one, and will allow the public to use the current trail until construction on a house is completed. CLICK HERE TO READ MORE
While the changes will make it easier for first-time buyers to purchase a home, they could wind up paying tens of thousands of dollars more in interest.
New federal rules would help homebuyers access lower mortgage rates for pricier properties and pay smaller instalments over a longer time period, but the changes would also allow borrowers to take on more debt and pay more interest on it.
Under the coming regime, set to take effect Dec. 15, buyers will be able to get a mortgage with default insurance – which is mandatory for those with less than 80 per cent of equity in their home – for properties worth as much as $1.5-million, up from a cap of $1-million.
The federal government, which announced the new rules Monday, will also allow first-time homebuyers to take a maximum of 30 years to repay an insured mortgage on any type of home. And all buyers, including investors, will have access to 30-year mortgages if they are buying a newly built home. Until recently, buyers with less than 20-per-cent down could take a maximum of 25 years to repay their debt. click here to read more
Article C/O North Shore News | Globe & mail
For $58.8 million, you can own this massive waterfront property designed by Russell Hollingsworth. The most expensive home for sale in Canada is sitting on the West Vancouver waterfront.
For $58.8 million, you can buy the property at 3330 Radcliffe Ave., located in the West Bay neighbourhood. At nearly 10,000 square feet, the five-bedroom, six-bathroom structure was custom designed by reputed architect Russell Hollingsworth, son of West Coast Modern legend Fred Hollingsworth. CLICK HERE TO BUY
Evocative of that style, the home is perched on a rock face with more than 200 feet of shoreline. Banks of floor-to-ceiling windows offer continuous views to the roiling ocean, backdropped by Stanley Park and Point Grey.
The gated property features an oceanside swimming pool, outdoor spa, covered dining terrace and parking garage for four vehicles. READ MORE
A year after unsuccessfully suing her downstairs neighbour for making too much noise, a B.C. woman has also failed in a bid to sue her upstairs neighbour for being too loud.
A small claims court rejected Linda Woo's claim against upstairs neighbour Lorenzo Bruno last week — instead ordering the Burnaby woman to pay Bruno $50 recompense for "unreasonable ceiling-tapping and cupboard-slamming" she made in response to his alleged noise making.
The B.C. Civil Resolution Tribunal decision is the latest chapter in a strata saga that spans years, involving multiple complaints to both the strata council and police, who described Bruno's noises at one point as him just "going about his life."
2910 Park Lane SOLD, World Class Waterfront on Altamont Beach Record sale along Altamonts most exclusive enclave of Waterfront Homes in West Vancouver Real Estate. Sold By Holly Calderwood.
The 2nd highest MLS waterfront sale in West Vancouver’s history at $21,500,000.
Highest Sale on the MLS in West Vancouver for a Female Realtor.
Contact Holly Calderwood. Your Trusted West Vancouver Waterfront Expert to Buy or List your Waterfront home. 604-561-9699
The big sell: This two-bedroom False Creek condo not only has a sought-after freehold status but a waterfront position to boot with marina, downtown and mountain views from its location above the seawall. With more than 1,100 square feet of interior living space, the principal reception rooms can accommodate house-sized furnishings including a king-sized bed in the primary bedroom, while the 170-square-foot patio bathes in the picture postcard scenery.
Click here to read more
This West Vancouver condo was snapped up after just one day on the market in this listing. The big sell: It took just one day for this West Vancouver view home to be snapped up with a sale price just north of $5,600,000.
Located in Dundarave’s Bellevue tower, the two-bedroom condo certainly lives up to the name of the complex with southwesterly ocean vistas that span UBC to the Gulf Islands from its corner-unit position. Constructed by Cressey, the four-year-old development offers an indoor lap pool, steam and sauna rooms, a fitness centre, a yoga/Pilates studio, and 24-hour concierge services. click here to read more
Federal government extends foreign buyer ban on Canadian homes to 2027
Foreign nationals and companies will be banned from buying residential properties in Canada for an additional two years, the federal finance minister said Sunday, the latest in a raft of measures aimed at addressing housing affordability concerns that have dogged the governing Liberals for months.
Under the ban, which came into effect last year and was set to expire at the beginning of 2025, foreign commercial enterprises and people who are not Canadian citizens or permanent residents are prohibited from purchasing residential property in Canada.
There are some exceptions, including for those with temporary work permits, land, refugee claimants commercial properties and international students who meet certain criteria. Whistler is exempt from the Foreign Buyer Ban click here to search all Whistler Listings that we can help you buy.
Here's what you need to know about the amendments to the Foreign Buyer Ban.
Repealing existing provision so the prohibition doesn’t apply to vacant land.
Repealing section 3(2) of the regulations, so the prohibition does not apply to all lands zoned for residential and mixed use. Vacant land zoned for residential and mixed use can now be purchased by non-Canadians and used for any purpose by the purchaser, including residential development. Contact me to find out where and what you can buy as a Foreign Buyer. READ MORE
The Bank of Canada cut its key interest rate to 4.5 per cent on Wednesday, with governor Tiff Macklem saying during a news conference that it would be reasonable to expect further rate cuts if inflation continues to ease.
The cut was widely expected by economists after inflation eased in June. It marked the central bank's second consecutive cut after last month's meeting, when it cut rates for the first time since March 2020.
Royal LePage Sussex
2397 Marine Drive,
West Vancouver, BC V7V 1K9
604-925-2911
*Personal Real Estate Corporation
Holly Calderwood - Personal Real Estate Corporation, acknowledges that the land on which we live and work is the unceded traditional territories of the Skwxwú7mesh (Squamish), Səl̓ílwətaʔ/Selilwitulh (Tsleil-Waututh), and xwməθkwəy̓əm (Musqueam) Nations and we are grateful for the opportunity to do so.
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