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The city of Vancouver is working with experienced developers to transform downtown south into an evolving urban village that incorporates a greater use of public spaces, design and architecture.

The whole area will be changing, where current buildings, uses and roadways will undergo a transformation in favor of establishing vibrant, stylish and people-friendly streets. The plans include a new road system to improve walking and biking access to the waterfront and seawall, ease the traffic commute and a new vibrant commercial hub along Pacific Boulevard.

Some of the changes are:

• 7 new mixed use buildings.
• Sidewalk extensions to promote future outdoor café and restaurant patios.
• Improvements to pedestrian areas will mean you can walk to the seawall in minutes.
• Proposals to innovative cycling amenities include bike parking and potentially repair services.
• A small, four story office building with new shopping and services on the street.
• Removal of the “Granville Loops”, curving on-ramps and off-ramps that transfer traffic to and from Pacific Boulevard.

This will increase the current density and soon hundreds of new residents and commercial tenants will call Downtown South home.

A Pledge of Place, Form and Trust

The view from Maddox truly captures why Vancouver is one of the best cities of the world and its central location puts you only steps from everything you need. Inside every home you will find European kitchens, air conditioning, as well as the functional spaces and beautiful materials you have come to expect from Cressey.

Here is a quick look at the price ranges at Maddox:

Price list.

DEPOSIT & PARKING INFORMATION

Homes at Maddox include 1 parking stall. 10% deposit is due at time of offer, an additional 5% is due in 90 days following vendor's acceptance. Maddox is estimated to complete in December 2013.

CRESSEY DEVELOPMENT GROUP

Maddox is designed and built by Cressey Development Group, a builder with over 40 years of experience. Cressey is well known for communities in Vancouver such as Donovan, Elan, Olive and Mantra as well as communities in Richmond such as Mandalay, Lotus, Hampton's Walk and more. Rest assured that your home at Maddox will be well designed and well built.

Exclusive Offering for a Limited Time

As a Century 21 In Town Realty client, you are eligible for an exclusive program at Maddox . This offer is valid from October 11, 2012 to December 15,2012. Take advantage of these savings today.

Special Incentives for Century 21 lnTown Clients

• Hardwood flooring throughout including all bedrooms (valued at $2,500 I room)
• Heated flooring included in all main baths in One Bedroom and master baths in Two Bedrooms (Valued at $3,500)
• Storage locker valued at ($4,000)
• 5% off Purchase Price

FOR MORE INFORMATION

The Maddox Presentation Centre is open every day except for Fridays from 12-5pm. You can also give Sanjin a call at 604.771.6415, email at info@vancouver-properties.ca

Located at 2nd and Scotia, EVAN is East Vancouver’s newest addition to the trendy SOMA district with design by award-winning Shift Architecture. EVAN is just a 10-minute walk to the SkyTrain, providing easy access to East Vancouver’s cultural epicentre and downtown Vancouver. With an artistically influenced outdoor amenity space meant for social living and a focus on sustainability, EVAN is a welcomed addition to this vibrant community.

With 90% of homes at EVAN under $325,900, EVAN is affordably rich living.

Deposit structure:  10-5-5

Estimated Completion Date: Spring 2014

Developer: The Greci Group

Amenities: The building includes a unique integrated indoor and outdoor amenity space, common courtyard, meeting room and contemporary interior spec including a European appliance package. Each home comes standard with outdoor space and over-height ceilings. This concrete building is safe, with controlled fob access, well-lit bike rooms and a controlled underground parking lot. A quick walk to Emily Carr, Great Northern Way and Main Street, EVAN is close to all the trendy boutique shops, bars and restaurants. Just a 10-minute walk to the SkyTrain, Science World, the seawall and False Creek EVAN encourages outdoor living. Each home is covered by 2-5-10 National Warranty.

Rental Rates:

• 1-beds approximately $1,450/month
• 2-beds approximately $1,950/month

For more information please contact Sanjin Cvetkovic at 604-771-6415 or email at sanjin@cvetkovic.ca

October 23, 2012

The Bank of Canada once again opted to hold its target for the overnight rate at 1 per cent this morning. Interest rates have been held constant for over two years, the longest such period since the 1950s.

The Bank somewhat tempered its bias for higher future interest rates, including a softer statement regarding the appropriateness of a gradual withdrawal of monetary stimulus as excess supply in the economy is absorbed.

In a bit of a surprise, the Bank actually raised its forecast for the growth in the Canadian economy this year to 2.2 per cent, but kept its 2013 forecast at 2.3 per cent growth. The Bank judges that at that pace of growth, the Canadian economy will return to full capacity by the end of 2013.

It is our view that monetary policy at the Bank of Canada will continue to be constrained by external events in the global economy and household debt growth at home. While the Bank's preference for tighter policy is clear, it is difficult to make a case for higher interest rates when core inflation is below the Bank's 2 per cent target and already slow economic growth is threatened by global uncertainty. Therefore, we are forecasting that the Bank of Canada will hold its target overnight rate at 1 per cent until mid-to-late 2013 when, conditioned on an improved global economic outlook, it may test the water with a 25 basis point rate increase.

In Surrey, B.C., development company Tien Sher is creating a four-storey condo building home to 56 “micro suites.”

Touted as Canada’s smallest condos, “Balance” units are 290 square feet. But with a price tag of just $109,900 and a prime location in a quiet neighborhood just a few minutes’ walk from public transit, there may be some benefits to investing in smaller space.

Why big investors love small spaces

• Prime locations that stoke tenant demand
• Lower purchase costs
• Higher rent per square foot
• Smaller units in larger buildings often mean lower condo fees
• High resale demand driven by investors and end-users

Developer/owner Charan Sethi says the idea stemmed from current market conditions. “This whole project began about a year ago when we had numerous people coming to us wanting to buy, but the mortgage rules and escalating prices shut them out of the market. We wanted to find out what these people are willing to live in, what are their lifestyles, and what are they looking for?”

Finding that prospective buyers and tenants typically don’t own a car, used public transit and would be OK living in a smaller space if it were in the right location, the idea for Balance came about. Sethi is already fighting off investor interest, (“I have someone who wants to buy the entire building already,” he says), but wants to try the project on the open market first. That said, Sethi has nothing against investors purchasing single units; in fact, he fully expects it.

"Investors, in most of my projects, are about 60% of my market. Because investors will make a decision very quickly when there’s pre-sales happening, where an end-user does not,” he says.

And as for the small physicality of the units themselves, Sethi believes there will be no shortage of people willing to make use of them. “These suites have everything these people need – a bedroom area, a kitchen, and laundry facilities. If they use the space properly, they can live very comfortably.”

He points to the Burns Block building in downtown Vancouver as an example. It underwent renovations to spruce up the suites, which are 226 and 291 square feet. They’re now currently being rented out for $850 a month.

“When they first came out, people were complaining they were too small, but in less than a month the whole building was occupied,” says Sethi. Sales are projected to begin in early 2013.