Condo developers hike fees on luxury building

A Vancouver luxury condominium is stiffing pre-sale condo purchasers with a 25% levy if they flip their units before occupancy.

Purchasers of units at One Burrard Place, being built by Jim Pattison Developments and Reliance Properties Ltd., once only had to pay the developers a 1.5% fee to re-assign their units, however, in recent weeks they’ve been forced to sign an amended agreement contractually obligating them to pay a quarter of their resale price.

It is speculated that Vancouver’s surging price points have whetted the appetites of developers, who want a bigger piece of the pie. However, it’s also believed the reason is to curtail speculation. Units at One Burrard Place went on sale in late 2015, but the 53-storey luxury condominium won’t be complete until 2019, and two years in prices have already climbed astronomically.

When sales opened, the price per square foot was in the neighbourhood of $890, however, they’ve risen to about $1,250 today, according to the Vancouver Sun.

Jim Stovell of Reliance Properties told the Sun that the inflated fee is designed to discourage speculators from flipping units at One Burrard. He added that buyers are welcome to wait until the units are completed, by which time the sale will be legally binding and the 25% levy won’t apply.

Stovell also told the Sun that unauthorized advertising of assignments are floating about online, especially on social media, private realtor websites, and through emails – which the developer is also trying to check. He added that some purchasers have legitimate reasons for needing to re-assign their units, such death, divorce or job change, and their needs will be balanced.

The industry standard for re-assignment is between the 1.5% One Burrard was charging, and 2%, while other developers proscribe it altogether.

One Burrard Place is a luxury tower in Vancouver’s West End, close to the Burrard Bridge at Drake St.

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3 1/2 dans le quartier international

Idéalement situé dans la cite internationale, entre le centre-ville et le vieux-port. Cet appartement, à proximité du métro, donne aussi accès direct à pied au réseau souterrain des bureaux du palais de Congrès, le centre du commerce mondial, la place Victoria, l’OACI, la place Bonaventure, la Place Ville Marie et le centre Bell jusqu’aux magasins du centre Montréal Trust, Les Cours Mont Royal, le Centre Eaton et la Baie.

Disponible immédiatement pour une courte/moyenne ou longue durée.

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Rooms available! All Included!easy acess to metro and bus Verdun

There are rooms for rent in our 6 12 and is ready for someone to move in immediately. We are two roommates looking for a third. The place is fully furnished, with (washer, DRYER aswell) and the rent includes all utilities(electricity, heat, ect) including high speed 60mbps UNLIMITED INTERNET and Bell FIbeTv in the room is possible. huge amount of living space There is tons of storage space. The place also has a big rear balcony
5minute walk to metro monk or 4 minute bus to jolicoeur
112bus stop is right outside, passes every 12minutes
takes 15-20 to get from home to downtown mcgill

The First room comes unfurnished or furnished, comes with a big Queen bed, it has tons of natural sun light and Big closet.

$400 unfurnished
$425 furnished

The second Room is the biggest includeds a big CLOSET, it’s on private balcony, has alot of sunlight.
$425 unfurnished
$450 furnished

The third is the biggest however it isnt furnished and has a temporary door.
$300

The place is located 20 minutes by metro to down town guy concordia. Only a 8-10 minute walk to metro monk, or is only a 4 minute bus ride to metro jolicoeur. The 112 bus stop is right infornt of the House so no walking far to catch a bus 🙂 . 5 min walk from 3 grocery stores, fast food, gym, bank ect….We are two university students (guys) we keep the place clean and calm.

If your interested please send me a text, leave a voiemail or email me. my cell is 514-867-7793. text or email is preferred.
Address: 6490 rue beurling verdun h4h1e1.

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Terrain Pour Projet Résidentiel (Bord de L'Eau) à Laval

APPROBATIONS DÉJA EN PLACE POUR 2 TOURS AVEC 84 PORTES !!!!!!!

AUSSI IDÉAL POUR 35 MAISONS DE VILLE OU MULTI-LOGEMENT DE 3 ÉTAGES OU PLUS…

PRIX RÉDUIT!!!!!!!!!!

AU BORD DE LA RIVIÈRE DES PRAIRIES…

Localisation : Laval, avec vue sur le nouveau pont de l’autoroute 25

Zonage : Résidentiel / multi-familiale / R-3 / Possibilité 5 étages et plus
(Possibilité réal d’obtenir un permit pour un quai)
(Accès au fleuve, par bateau, de la propriété)

Dimension : Terrain de 9316.8 m2 (100,285 p2)

Infrastructures : L’eau et les égouts rendu à la propriété

Prix demandé : $2,600,000.00

Pour plus d’info. ou pour prendre rendez-vous…

DMC Consultants
514 620-1922
514 347-2725
www.dmcconsultants.ca

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3 1/2 dans la cite internationale

Idéalement situé dans la cite internationale, entre le centre-ville et le vieux-port. Cet appartement, à proximité du métro, donne aussi accès direct à pied au réseau souterrain des bureaux du palais de Congrès, le centre du commerce mondial, la place Victoria, l’OACI, la place Bonaventure, la Place Ville Marie et le centre Bell jusqu’aux magasins du centre Montréal Trust, Les Cours Mont Royal, le Centre Eaton et la Baie.

Disponible immédiatement pour une courte/moyenne ou longue durée.

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1er Jan! All included! Tout inclus! Metro Papineau

Pour le francais regardez plus bas!

Hello! If you are looking at this post it’s because you are looking for a clean, respectful, and well-located place to live! Look no further and come check it out! Either come or we can skype! I am renting 2 rooms (different sizes and price, from 550$ to 600$) in my apartment, since my three roomies are moving out at the end of December… (All going international!)

About me: I’m Matthieu, 4th year mechanical engineering student. I love to cook, to chill with people of different cultures, to backpack, and sports. That being said I am a pretty hard worker when classes are going on! I speak French, English, and Spanish, but I’m down to learn more!

Who am I looking for: 2 girls and one guy. Students or young workers preferably. Why? Because I think that usually makes for a good balance (2 and 2), obviously that may be subject to change. You must be clean and respectful but also want to talk and discuss things around a glass of wine or a good dinner, or both. Preferably both.

A bit about the place:
Where: 100 Meters from Papineau Metro Station
When: Starting January 1st
What’s included in the rent: Everything (furnished, unlimited internet, electricity), dishwasher, dryer, and washing machine in the apartment

Location details:
2 minute walk from the Papineau Metro station
2 minute walk to the grocery store
2 minute walk to saint Catherine’s street and the village (bars, clubs, restaurants, shops, etc.)
5 minute to UQAM, door to door by metro
10 minute walk to park la Fontaine
15 minutes door to door to McGill (by metro)
20 minutes door to door to Concordia (by metro)
20 minutes to Mont Royal Metro station and the plateau (by metro)

Salut! Tu est sur ce post parce que tu cherche un endroit propre, respectueux et bien situé ou vivre a partir du 1er Janvier? Ne cherche plus et viens me rencontrer (sois de vive voix sois par skype)! Je loue 2 chambres dans mon apartement vu que mes roomies partent tous a l’étrangé le fin decembre…

Qui suis-je: Je m’appel Matthieu, je suis Francais et en quatrième année d’étude d’ingénieurie mechanique. J’adore cusiné, chiller avec des gens de differentes cultures, voyagé avec mon sac a dos, et le sport. Cela dis, je travaille pas mal quand j’ai cour! Et puis je parle Francais, Anglais, et Espagnol. Une autre coloc Adele, une francaise, arrivera en janvier a l’apartement.

Qui je cherche: une fille et un gars, car je pense que la balance entre les deux est importante et tres agreeable! Étudiant ou jeune pro. Tu dois etre propre, repectueux, et avoir envie de passé du temps a parler autour d’un verre de vin ou d’un bon diné, ou des deux biensure.

L’apart:
Ou: 100 Metres du metro papineau
Quand: A partir du 1er Janvier
Ca inclus quoi: Tout (les meubles, internet illimité, l’éléctricité), l’usage de la machine a lavée, du seche linges, et du lave veseile !

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