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New property listed in Steveston South, Richmond

I have listed a new property at 203 6077 LONDON RD in Richmond. See details here

Immaculately kept & updated 1 bed / 1 bath @ London Station II-Steveston South. Perfect starter home, pied-à-terre, or for investor. Located on a quiet street in this quaint, walkable community & steps to the waterfront Dyke Trail. Exterior design of the building is a modern interpretation of a local historic cannery bldg with timber detailing/steel cladding/metal roofing. Solid strata w/ a collaborative group of 29 owners & reasonable mgmt fees makes this a 5-star bldg. Cafes, incl famous Diplomat Bakery, restrs/shops/medical services-steps from the lobby. Walk East via the waterfront Dyke Trail to historic London Farm & beyond w/ unforgettable views; walk West 2.5 km along the boardwalk to popular Steveston Village (or 5 min drive) to explore established shops/services/top restaurants/community services/more parks. Incl. 1 parking & 1 secured humidity-controlled storage locker. Shared patio on the 2nd floor for general use by owners. Pets & rental permitted. Off-leash dog parks nearby. OPEN: Feb 8 & 9 2-4pm

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Open House. Open House on Saturday, February 8, 2025 2:00PM - 4:00PM

Please visit our Open House at 203 6077 LONDON RD in Richmond. See details here

Open House on Saturday, February 8, 2025 2:00PM - 4:00PM

Immaculately kept & updated 1 bed / 1 bath @ London Station II-Steveston South. Perfect starter home, pied-à-terre, or for investor. Located on a quiet street in this quaint, walkable community & steps to the waterfront Dyke Trail. Exterior design of the building is a modern interpretation of a local historic cannery bldg with timber detailing/steel cladding/metal roofing. Solid strata w/ a collaborative group of 29 owners & reasonable mgmt fees makes this a 5-star bldg. Cafes, incl famous Diplomat Bakery, restrs/shops/medical services-steps from the lobby. Walk East via the waterfront Dyke Trail to historic London Farm & beyond w/ unforgettable views; walk West 2.5 km along the boardwalk to popular Steveston Village (or 5 min drive) to explore established shops/services/top restaurants/community services/more parks. Incl. 1 parking & 1 secured humidity-controlled storage locker. Shared patio on the 2nd floor for general use by owners. Pets & rental permitted. Off-leash dog parks nearby. OPEN: Feb 8 & 9 2-4pm

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Open House. Open House on Sunday, February 9, 2025 2:00PM - 4:00PM

Please visit our Open House at 203 6077 LONDON RD in Richmond. See details here

Open House on Sunday, February 9, 2025 2:00PM - 4:00PM

Immaculately kept & updated 1 bed / 1 bath @ London Station II-Steveston South. Perfect starter home, pied-à-terre, or for investor. Located on a quiet street in this quaint, walkable community & steps to the waterfront Dyke Trail. Exterior design of the building is a modern interpretation of a local historic cannery bldg with timber detailing/steel cladding/metal roofing. Solid strata w/ a collaborative group of 29 owners & reasonable mgmt fees makes this a 5-star bldg. Cafes, incl famous Diplomat Bakery, restrs/shops/medical services-steps from the lobby. Walk East via the waterfront Dyke Trail to historic London Farm & beyond w/ unforgettable views; walk West 2.5 km along the boardwalk to popular Steveston Village (or 5 min drive) to explore established shops/services/top restaurants/community services/more parks. Incl. 1 parking & 1 secured humidity-controlled storage locker. Shared patio on the 2nd floor for general use by owners. Pets & rental permitted. Off-leash dog parks nearby. OPEN: Feb 8 & 9 2-4pm

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Buyers & Sellers Pull Out All the Stops to Make Deals Happen

In key centres, RE/MAX brokers have noted that buyers and sellers have made a concerted effort to transact. In an analysis of closed transactions in the Greater Toronto Area in Q1 2023, for example, the number of vendor take-back mortgages (VTBs) as a percentage of total sales over $2 million rose substantially over year-ago levels, climbing to 9.55 per cent, up from 5.82 per cent in Q1 2022, with VTBs now representing almost one in 10 transactions*. In Western Canada, investors took advantage of attractive financing for construction of purpose-built rentals through Canada Mortgage and Housing Corp. (CMHC), while those interested in existing buildings cut deals that allowed for the assumption of CMHC mortgage financing at lower interest rates.

Real estate investment trusts (REITs) are now slowly venturing back into the market, driving demand for industrial, multi-family, retail and, to a lesser degree, office product. Conditions are ripe for investment, particularly for multi-family properties, given growing demand for housing in markets across the country. According to Statistics Canada, the nation’s population climbed to just short of 40 million in January of 2023, the highest annual population growth on record. The increase has served to further exacerbate the country’s already critical housing shortage, which showed vacancy rates for purpose-built rentals fell to 1.9 per cent nationally and condominium rentals dropped to 1.6 per cent, according to CMHC. Rental rates have risen in response to tight inventories in markets across the country, with double-digit increases noted year-over-year in most markets. The trend has bolstered already strong demand for existing multi-family, but product is scarce. RE/MAX found that for some Class B and C buildings, the answer may lie in repurposing their buildings, as demand for residential housing reaches critical levels. Although not all buildings will be ideally suited for retrofit, some major centres are providing incentives to encourage conversion to residential. Calgary introduced the Downtown Calgary Development Incentive Plan in 2021 which provides a $75-per-square-foot subsidy to developers for converting offices to residential, with 10 buildings approved to date. By way of conversion, more than 1,200 new homes will be created and approximately one million square feet of commercial office space will be eliminated, breathing new life into Calgary’s downtown core. There are a growing number of buildings targeted for conversion in various stages of planning and development in Halifax, Ottawa, London, Toronto and Winnipeg.

“Commercial office markets are experiencing a transformational shift in the aftermath of the pandemic,” says Alexander. “Downtown cores were virtually decimated by Covid restrictions and have yet to come back to life in many Canadian centres. The conversion programs now underway ensure that our city centres remain vibrant in the future, restoring vital foot traffic that is the lifeblood of the country’s core urban areas. The retrofit and renovation activity not only brings desperately needed residential product online, but it also supports the surrounding retail shops and restaurants, transit systems, and the overall health of our downtown neighbourhoods.” The most significant holdback is the red tape that currently exists in regard to zoning amendments, applications and approvals at local and provincial government levels. With housing supply at critical levels and an immigration commitment of at least 800,000 new Canadians over the next two years, governments must be prepared to act quickly. *Compiled from data available from RealTrack

LOW INVENTORY CHARACTERIZES MOST MARKETS AND ASSET CLASSES IN Q1

RE/MAX also found that lower inventory levels, across the board and in almost every asset class, have hampered activity to some extent. In the first three months of the year, the shortages sparked competition, particularly in the industrial segment. Once again, supply plays a critical role and availability remains tight for quality product. Without an influx of available listings, this trend is expected to continue through to year-end, assuming supporting positive fundamentals remain in place.

"Overall, a number of encouraging indicators characterize Canada’s commercial real estate market,” says Alexander. “Renewed demand for housing has sparked builders and developers’ interest, with projects placed on hold in the latter half of 2022 once again on the table. Employment growth may support the recovery of the country’s most lacklustre segment, although a changed culture favouring work-life balance suggests a return to pre-pandemic occupancy in the office sector is unlikely. On the retail side, consumer gravitation back to bricks and mortar stores after some post-pandemic online fatigue will bode well for business, while industrial will remain the sweetheart investment, drawing suitors from both a local and global audience. The momentum is building, with some pent-up demand evident. The fundamentals underpinning the market squarely supporting ongoing commercial activity in the year ahead.”

Senior Manager, Public Relations & Content | RE/MAX Canada

Lydia McNutt is an award-winning writer, editor and public relations professional, with a focus on all things real estate. At RE/MAX Canada, Lydia translates market data and trends into educational and entertaining content for homebuyers and sellers, while furthering the RE/MAX brand's reach, nationally and globally. Explore timely news articles, market trend reports and thought-leadership on blog.remax.ca. Lydia has been published nationally on topics ranging from real estate to architecture, design and decor, finance, business, technology, entertainment and lifestyle topics. Email Lydia at lmcnutt@remax.ca

Senior Manager, Public Relations & Content | RE/MAX Canada

Lydia McNutt is an award-winning writer, editor and public relations professional, with a focus on all things real estate. At RE/MAX Canada, Lydia translates market data and trends into educational and entertaining content for homebuyers and sellers, while furthering the RE/MAX brand's reach, nationally and globally. Explore timely news articles, market trend reports and thought-leadership on blog.remax.ca. Lydia has been published nationally on topics ranging from real estate to architecture, design and decor, finance, business, technology, entertainment and lifestyle topics. Email Lydia at lmcnutt@remax.ca

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The Institute For Luxury Home Marketing Releases It's May 2023 Luxury Market Report

The Institute’s Luxury Market Report is your guide to analysis on the trends and comparative data in the top residential markets across Canada and the United States.

May’s report examines the current statistics of the luxury market in North America on a month-to-month basis, along with the 13-month trend.

This month, we explore new mindsets and location trends following the World Health Organization’s declaration that the pandemic is ‘no longer a global emergency,’ symbolizing its end.

After three years of decisive relocations, migrations, and changes in homeownership, what are the long-term effects of the decisions made by the wealthy?

We investigate how their choices have impacted real estate purchases, particularly in the luxury market, and consider the implications as we move forward.

We examine whether affluent priorities have shifted and how their influential power has affected the popularity and wealth of both new and existing markets worldwide.

We delve into why the affluent are embracing a more purpose-driven lifestyle and how this has led to an increase in home purchases.

Additionally, we reveal some of the top markets currently experiencing the effects of this new mindset, both in the United States and Canada.

Has the global demand for luxury homes returned? If so, which cities are experiencing growth, and why is stability so important?

Nevertheless, as declining inventory continues to be the lynchpin of the market, we investigate some of the innovative solutions currently in play.

It is important to understand that the art of selling and buying should always include an analytical approach to truly grasp the realities, rather than solely relying on market rhetoric.

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New property listed in Edinburgh

I have listed a new property at 101 The Playfair at Donaldson's (F17 Edinburgh, Scotland in Edinburgh. See details here

This two bedroom apartment is extremely spacious at 1,541 sq ft. Positioned over two floors, the apartment boasts an impressive living, kitchen and dining room with high ceilings. Flooded with light from the double height, restored windows, this space is perfect for entertaining. The master bedroom is spacious with a dressing room and a beautiful space for a dressing table in front of the original windows. Along the corridor there is room for a study, which coupled with high-speed internet, facilitates working from home with ease. There is also a luxurious bathroom with a bath and shower. The second bedroom is generous and there is an addition stylish bathroom appointed with quality sanitaryware and brassware. The apartment is sold with two secure parking spaces in the underground carpark. - Internet speeds up to 200mb enabling you to work from home with ease - Flooded with light from the double height - Original windows - Generous second bedroom - Essential utility space - Two secure underground allocated parking spaces The List Price is £825,000. The prices mentioned elsewhere in this listing reflect the currency conversion into Canadian dollars as of 2021-02-17. The Playfair at Donaldson’s is an outstanding building of palatial elegance, located on the western boundary of the Edinburgh World Heritage Site. It has won the Apartment Development of the Year at the Scottish Home Awards 2020, from a large selection of 12 finalists. With its majestic character and architectural heritage, The Playfair at Donaldson’s is recognized as one of the most important landmark buildings in the city. The Category A listed Playfair building includes a collection of apartments designed to provide fantastic panoramic views across Edinburgh, the Pentland Hills, the sweeping lawns and the attractive internal courtyard. The contemporary apartments provide a striking contrast to the building’s exterior. They offer impressive proportions and are designed to optimize natural light through the iconic period windows. Residents are afforded exclusive access to The Playfair’s concierge service and several communal spaces, including the boutique Club Room and Chapel Room, as well as the internal courtyard. There is also secure underground parking and a total of 16 acres of parkland to enjoy. For more information, please go to: www.cityandcountry.co.uk/find-a-home/the-playfair-at-donaldsons/

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New property listed in West Coates, Edinburgh, Scotland

I have listed a new property at 18 The Playfair at Donaldson's (B29), Edinburgh, Scotland in Edinburgh. See details here

A characterful two bedroom apartment positioned on the garden level, boasting a spacious master bedroom with contemporary fitted wardrobes and a luxurious en suite shower room. The apartment features an open plan kitchen, dining and living space, with room ideal to use as a home office. The kitchen has contemporary Corian worktops and fully integrated Siemens appliances. There is a second double bedroom and a stylish bathroom with sanitaryware from Villeroy and Boch and brassware from Hansgrohe and Crosswater. There are beautiful views of the surrounding landscaping from numerous rooms in the apartment. Further, this property benefits from essential storage space, a utility cupboard and two allocated parking spaces in a secure underground car park. - Views of the surrounding landscaping - Corian worktops and fully integrated Siemens appliances - Space within the living area, ideal for use as a home office - Internet speeds up to 200mb enabling you to work from home with ease - Sanitaryware from Villeroy and Boch and brassware from Hansgrohe and Crosswater - Two allocated parking spaces in a secure underground car park List price is £599,950. The prices mentioned elsewhere in this listing reflect the currency conversion into Canadian dollars as of 2021-02-17. The Playfair at Donaldson’s is an outstanding building of palatial elegance, located on the western boundary of the Edinburgh World Heritage Site. It has won the Apartment Development of the Year at the Scottish Home Awards 2020, from a large selection of 12 finalists. With its majestic character and architectural heritage, The Playfair at Donaldson’s is recognized as one of the most important landmark buildings in the city. The Category A listed Playfair building includes a collection of apartments designed to provide fantastic panoramic views across Edinburgh, the Pentland Hills, the sweeping lawns and the attractive internal courtyard. The contemporary apartments provide a striking contrast to the building’s exterior. They offer impressive proportions and are designed to optimize natural light through the iconic period windows. Residents are afforded exclusive access to The Playfair’s concierge service and several communal spaces, including the boutique Club Room and Chapel Room, as well as the internal courtyard. There is also secure underground parking and a total of 16 acres of parkland to enjoy. For more information, please go to: www.cityandcountry.co.uk/find-a-home/the-playfair-at-donaldsons/

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New property listed in Redcliffe, The General, Bristol, England

I have listed a new property at 20 Edward VII Wing (4-20) The General, Bristol, in Bristol. See details here

A beautiful two bedroom conversion apartment which boasts a spacious, open plan living, kitchen and dining area, that spans the width of the property. The kitchen features quality stone worktops and Neff stainless steel appliances. There are two double bedrooms upstairs, with large original windows that flood the rooms with light. A luxurious bathroom is perfectly positioned with sanitaryware by Laufen and Brassware from Crosswater. The apartment has storage space, a utility cupboard and is sold with one allocated parking space. - Conversion apartment - Premium specification - Luxurious bathroom - Storage and utility space - One allocated parking space The List Price is £425,000. The prices mentioned elsewhere in this listing reflect the currency conversion into Canadian dollars as of 2021-06-10. The General, located in Bristol city centre, comprises of 2 & 3 bedroom apartments, with both new build and conversion properties available. The new homes are situated in and around the Grade II listed buildings of the former Bristol General Hospital. They benefit from the setting of not only the historic buildings, but also the restored central courtyard and new landscaped gardens, providing an oasis and retreat from the hustle and bustle. The properties boast a luxurious specification, fit for chic city centre living, with some offering private outside space and roofscape views over Bristol. The development also features numerous commercial units at the lower street level, including a Michelin starred restaurant. This property development was the winner of several awards, including a Bristol Civic Society Design Award and What House? Awards for Best Renovation and Best Apartment Scheme. For more information, go to: www.cityandcountry.co.uk/find-a-home/the-general/

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New property listed in West Coates, Edinburgh, Scotland

I have listed a new property at 64 The Playfair at Donaldson's (GM01), Edinburgh, Scotland in Edinburgh. See details here

A lovely one bedroom apartment within the iconic Playfair building boasting a light and airy bedroom with contemporary fitted wardrobes. There is a luxurious bathroom adjacent appointed with sanitaryware from Villeroy and Boch and brassware from Hansgrohe and Crosswater. The open plan living, kitchen and dining area is perfect to relax and socialise in. It features a breakfast bar, Corian worktops and integrated appliances from Siemens. There is an essential utility cupboard and the apartment is sold with one secure allocated underground parking space, a rare feature this close to Edinburgh city centre. - Light and airy bedroom with fitted wardrobes - Luxurious bathroom adjacent - Sanitaryware from Villeroy and Boch and brassware from Hansgrohe and Crosswater - Internet speeds up to 200mb enabling you to work from home with ease - Sold with one allocated underground car parking space - Access to beautifully landscaped grounds The List Price is £425,000. The prices mentioned elsewhere in this listing reflect the currency conversion into Canadian dollars as of 2021-02-17 The Playfair at Donaldson’s is an outstanding building of palatial elegance, located on the western boundary of the Edinburgh World Heritage Site. It has won the Apartment Development of the Year at the Scottish Home Awards 2020, from a large selection of 12 finalists. With its majestic character and architectural heritage, The Playfair at Donaldson’s is recognized as one of the most important landmark buildings in the city. The Category A listed Playfair building includes a collection of apartments designed to provide fantastic panoramic views across Edinburgh, the Pentland Hills, the sweeping lawns and the attractive internal courtyard. The contemporary apartments provide a striking contrast to the building’s exterior. They offer impressive proportions and are designed to optimize natural light through the iconic period windows. Residents are afforded exclusive access to The Playfair’s concierge service and several communal spaces, including the boutique Club Room and Chapel Room, as well as the internal courtyard. There is also secure underground parking and a total of 16 acres of parkland to enjoy. For more information, please go to: www.cityandcountry.co.uk/find-a-home/the-playfair-at-donaldsons/

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New property listed in West Coates, Edinburgh, Scotland

I have listed a new property at 103 The Playfair at Donaldson's (S05), Edinburgh, Scotland in Edinburgh. See details here

This exquisite penthouse apartment boasts an impressive private terrace space, positioned across three levels and with beautiful chimney features. The terrace, which has views of the iconic domes and Donaldson’s turrets, is accessible from the open plan living, kitchen and dining area. This space is flooded with natural light, has beautiful original beams and the contemporary kitchen with an island has Corian worktops and luxurious engineered oak flooring. The spacious master bedroom features a dressing room and luxurious en suite with a shower and free-standing tear drop bath. There are two further double bedrooms, both with original features, generous storage space and benefit from a proximate stylish bathroom. Additionally, a snug can be found on the mezzanine level of the apartment which offers a fantastic space for a home office, facilitating working from home with ease alongside access the high speed internet. Alternatively perhaps make the space your own private cinema room. This property includes fully integrated appliances and an essential utility space. This apartment is sold with two secure underground parking spaces. - Penthouse apartment - Private terrace space - Spacious master bedroom with a dressing room and a luxurious en suite - Impressive views - Internet speeds up to 200mb enabling you to work from home with ease - Two allocated parking spaces The List Price is £1,550,000. The prices mentioned elsewhere in this listing reflect the currency conversion into Canadian dollars as of 2021-02-17. The Playfair at Donaldson’s is an outstanding building of palatial elegance, located on the western boundary of the Edinburgh World Heritage Site. It has won the Apartment Development of the Year at the Scottish Home Awards 2020, from a large selection of 12 finalists. With its majestic character and architectural heritage, The Playfair at Donaldson’s is recognized as one of the most important landmark buildings in the city. The Category A listed Playfair building includes a collection of apartments designed to provide fantastic panoramic views across Edinburgh, the Pentland Hills, the sweeping lawns and the attractive internal courtyard. The contemporary apartments provide a striking contrast to the building’s exterior. They offer impressive proportions and are designed to optimize natural light through the iconic period windows. Residents are afforded exclusive access to The Playfair’s concierge service and several communal spaces, including the boutique Club Room and Chapel Room, as well as the internal courtyard. There is also secure underground parking and a total of 16 acres of parkland to enjoy. For more information, please go to: www.cityandcountry.co.uk/find-a-home/the-playfair-at-donaldsons/

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New property listed in Bedminster, Factory No. 1, Bristol, England

I have listed a new property at 58 Regent House (R310) Factory No. 1, in Bristol. See details here

Newly released, this beautiful two bedroom apartment is positioned on the third floor within Regent House. It boasts a luxurious master bedroom with 100% wool carpet, a dressing area with fitted wardrobes and there’s space for a dressing table or desk to work remotely alongside high speed broadband. The luxurious en-suite shower room has Roca Gap sanitaryware, Vado Elements brushed gold brassware and city brown porcelain tiles. The second bedroom is generous and bright, and there’s a stylish bathroom that’s been appointed with quality brassware and sanitaryware. The open plan living, kitchen and dining room is wonderful space for hosting friends and family, as the stylish kitchen has fully integrated SMEG appliances and a premium stone worktop. The large utility cupboard and additional storage cupboard in the hall completes this home by providing essential additional space to ensure your fantastic Factory No.1 home is perfectly suited for modern living. The apartment is also sold with one allocated parking space. • Stylish, conversion apartment on the third floor within Regent House • Luxurious master bedroom with 100% wool carpet and a dressing area • Luxurious en-suite shower room with quality brassware and sanitaryware • Generous second bedroom and a beautifully appointed bathroom • Contemporary and fully inclusive specification • Internet speeds up to 300mbps enabling you to work from home with ease The Sell Price is £415,000. The prices mentioned elsewhere in this listing reflect the currency conversion into Canadian dollars as of 2022-03-09. Factory No.1 is a Beacon of Bristol’s Industrial Past. The rich history of the site makes it a compelling and interesting place to live. Located on the site of what was once a medieval hospital and then a tannery, the building is better known for being the first factory of tobacco importers and manufacturers, W.D & H.O Wills. Designed around a hidden oasis of open space and landscaped gardens, this gated development is the new address for urban living. Factory No. 1, Bristol, has been crowned winner at the UK Property Awards 2020. City & Country was best in class for the Best Residential Renovation / Redevelopment Bristol and secures this prestigious award for the work carried out to convert and regenerate the historic site into new homes and commercial premises. For more information, go to: cityandcountry.co.uk/find-a-home/factory-no-1-bristol/

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New property listed in Bedminstar, Factory No. 1, East St, Bedminst

I have listed a new property at 6 Capstan Room (2104) Factory No. 1, East St, Bedminster in Bristol. See details here

This south-facing two bedroom apartment is spacious and positioned on the first floor within Capstan Room. The apartment boasts a dual-aspect, open plan living, kitchen and dining space with access to the private balcony granted from here. The kitchen features fully-integrated SMEG appliances and a luxurious stone worktop. The master bedroom enjoys views of the beautifully landscaped surrounding gardens and features 100% wool carpet, fitted wardrobes and a luxurious en suite shower room. There is a wonderfully bright second bedroom thanks to the large window and a stylish bathroom opposite appointed with Vitra sanitaryware and Vado Elements chrome brassware. There is an essential utility cupboard and this apartment is sold with one allocated parking space. - South-facing apartment - Bright and airy open plan kitchen, living and dining space with dual aspect views - Spacious master bedroom with fitted wardrobes and a luxurious en suite shower room - Light second bedroom with a stylish bathroom opposite - Fully inclusive, premium specification - One allocated parking space - Internet speeds up to 300mbps enabling you to work from home with ease The Sell Price is £420,000. The prices mentioned elsewhere in this listing reflect the currency conversion into Canadian dollars as of 2021-09-01. Factory No.1 is a Beacon of Bristol’s Industrial Past. The rich history of the site makes it a compelling and interesting place to live. Located on the site of what was once a medieval hospital and then a tannery, the building is better known for being the first factory of tobacco importers and manufacturers, W.D & H.O Wills. Designed around a hidden oasis of open space and landscaped gardens, this gated development is the new address for urban living. Factory No. 1, Bristol, has been crowned winner at the UK Property Awards 2020. City & Country was best in class for the Best Residential Renovation / Redevelopment Bristol and secures this prestigious award for the work carried out to convert and regenerate the historic site into new homes and commercial premises. For more information, go to: cityandcountry.co.uk/find-a-home/factory-no-1-bristol/

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