Uncategorised Archives - Peter Coppard Real Estate Blog https://www.petercoppard.com/blog/category/uncategorized/ Sun, 12 Mar 2023 01:26:24 +0000 en-CA hourly 1 https://wordpress.org/?v=6.2.5 CURV: Vancouver’s Tallest Residential High-Rise and World’s Tallest Passive House https://www.petercoppard.com/blog/2023/03/11/curv-vancouvers-tallest-residential-high-rise-and-worlds-tallest-passive-house/ https://www.petercoppard.com/blog/2023/03/11/curv-vancouvers-tallest-residential-high-rise-and-worlds-tallest-passive-house/#respond Sun, 12 Mar 2023 01:26:24 +0000 https://www.petercoppard.com/blog/?p=1366 Introducing CURV – Vancouver’s tallest residential high-rise and the world’s tallest passive house. Located at the highest point of downtown Vancouver, this stunning architectural marvel reflects the dynamic energy of … [read more]

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Introducing CURV – Vancouver’s tallest residential high-rise and the world’s tallest passive house. Located at the highest point of downtown Vancouver, this stunning architectural marvel reflects the dynamic energy of the surrounding Pacific Northwest environment. The project is being managed by Kheng Ly from Canada’s Brivia Group and designed by world-renowned architect Tom Wright, with interior design by Andres Escobar of Lemay & Escobar.

CURV is not just any ordinary residential high-rise; it represents a revolution in sustainable urban living. The building is constructed as a passive house, a concept that originated in Germany and has now become a global trend. The idea behind a passive house is to achieve maximum energy efficiency by minimizing the building’s energy consumption, with the aim of reducing carbon emissions and making the building more eco-friendly.

 

CURV’s passive house design means that the building is almost airtight, allowing for ultra-filtered air to circulate throughout the building, keeping the air inside the building clean and healthy. This feature is particularly important in today’s world, where air pollution has become a significant concern in many urban areas.

In addition to the ultra-filtered air, CURV also features soft-sound technology that provides a quieter and more peaceful environment. The building’s construction materials have been carefully selected to reduce sound transmission, which is essential in a busy city like Vancouver. Soft-sound technology, combined with ultra-filtered air, creates a serene and healthy living space for residents of CURV.

Another noteworthy feature of CURV is its energy recovery system. The building’s ventilation system is designed to recover heat from the exhaust air and reuse it to preheat the incoming fresh air. This technology helps to reduce the building’s energy consumption and, therefore, its carbon footprint.

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CURV’s design is also intended to maximize natural light and views. The building’s curved shape allows for a more extensive range of views, while the floor-to-ceiling windows provide plenty of natural light, creating an open and inviting atmosphere.

CURV’s commitment to sustainability extends beyond the building’s design. The developers have also ensured that the construction process itself is eco-friendly. They have used locally sourced materials, minimized waste, and implemented recycling measures to reduce the environmental impact of the construction.

The 58-storey building will comprise a total of 358 units, ranging from one to three-bedroom units, with sizes ranging from 500 to 1,800 square feet. The building’s amenities are equally impressive, with a fitness center, a yoga studio, a steam room, a sauna, and a spa, among others. The building will also feature a rooftop terrace, complete with a barbecue area, a fire pit, and a hot tub, offering residents breathtaking views of Vancouver’s skyline.

curv vancouver

curv vancouver

CURV’s location at the highest point of downtown Vancouver means that residents will be within easy reach of everything the city has to offer. The building is within walking distance of some of the city’s best restaurants, bars, and shopping centers, making it an ideal choice for those who want to experience the best of city living.

CURV represents a new era in sustainable urban living. Its passive house design, soft-sound technology, and energy recovery system make it one of the most eco-friendly buildings in the world. Its commitment to sustainability extends beyond the building’s design, with environmentally friendly construction practices and a range of amenities that promote healthy living. The combination of its stunning design, prime location, and commitment to sustainability make CURV a unique and desirable place to call home.

While the blog has provided an overview of the stunning CURV development, there’s nothing quite like experiencing it in person. If you’re interested in learning more or arranging a private viewing, please don’t hesitate to contact me at 604 612 6392. I would be more than happy to answer any questions you may have and help you discover the incredible living experience that CURV has to offer.

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A Guide to Investing in Vancouver Real Estate https://www.petercoppard.com/blog/2022/07/04/a-guide-to-investing-in-vancouver-real-estate/ https://www.petercoppard.com/blog/2022/07/04/a-guide-to-investing-in-vancouver-real-estate/#respond Mon, 04 Jul 2022 17:00:20 +0000 https://www.petercoppard.com/blog/?p=1287 A Guide to Investing in Vancouver Real Estate     Inflation, interest rates, and housing prices continue to rise while sales and inventory have begun to drop. It’s a situation … [read more]

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A Guide to Investing in Vancouver Real Estate

 

 

Inflation, interest rates, and housing prices continue to rise while sales and inventory have begun to drop. It’s a situation that leaves some wondering if it’s a good time to consider investing in Vancouver real estate.

After all, higher interest rates mean fewer people can borrow to buy homes. That means less competition for homes, which shifts the power to the buyer. It’s possible you can get a better deal than you could just a year ago.

And housing isn’t the only shortage Metro Vancouver is facing. Industrial property is in short supply, while large developers need investors to help them build out neighbourhoods and commercial buildings.

If you know where to look and have a good real estate strategy in place, it could be the right time to consider jumping into the investment game. Let’s take a look at what you should consider before you get started.

What Should You Buy?

What you buy is dictated at times by real estate trends but also by why you want to invest in real estate. For some people, it’s a good place to park money as inflation is on the rise, while others are looking for a source of rental income. Some take a speculative approach, looking to buy and flip or buy in the path of potential growth.

Your options tend to fall in either the commercial or residential categories. Commercial can include industrial, retail, or multi-family properties along with raw land. Residential includes detached homes, townhomes, and condos.

The general housing shortage makes residential an appealing option. Last year, BC grew by more than 100,000 people, more than any year since 1961.

The population growth offers opportunities for large investor groups who are looking for development investments. At the same time, smaller investors looking for single-family homes have been getting priced out of the market.

The most interesting option in the commercial arena currently is in the industrial strata. Metro Vancouver has the lowest vacancy rates in North America, which is driving up rents. Industrial customers want to buy to avoid paying rent and end up competing with investors who want to collect the higher rents.

Tight inventory is pushing prices up still higher. The current popularity of raw land purchases could ease that over the next five years.

Where Should You Invest?

Knowing what you want to buy should direct where you buy it to some extent. If you’re planning to focus on commercial real estate investments, industrial buys are great options anywhere in the area. However, for retail and multi-family, two of the hotter areas to consider lie east in Chilliwack and Maple Ridge.

Downtown rents have been rising, leading some businesses to look south to Mount Pleasant for their office space. The area keeps them close to amenities and sought-after neighbourhoods while reducing rent costs.

If you’re thinking about residential rentals, consider who might make the best target for you so you can jump on opportunities as they arise. For example, the college rental market tends to be fairly stable, so neighbourhoods near the University of British Columbia on the west end or Simon Fraser University in Burnaby could be good target areas. You can also diversify that asset class by looking for homes near mass transit that make it easy to get to school quickly.

Home prices have started dropping around the area, which could lead to some better deals now. Maple Ridge, New Westminster, and Surrey have seen single-family home prices drop by more than 14 percent. On the other hand, West Vancouver has seen a 13 percent jump, so it could be a good location to look for flip opportunities.

The shift in housing prices is a good lesson in residential real estate for beginners. Diversifying across geography and asset class can help you spread your risk as prices go up and down.

How Will You Pay?

The Bank of Canada has upped its overnight lending rate three times so far this year. It’s a huge contributor to the drop in housing sales and the increase in the time to sell. If you were counting on bank financing to fund your investments, you’ll need to continue to calculate the higher costs to get that money.

Buying rental properties also requires a minimum of 20 percent down to qualify for a CMHC-insured mortgage. You might also find your lending rate higher than if you were buying a primary residence.

If you have the cash to invest, that might be the way to go in purchasing residential property or even smaller commercial buildings. You’ll save on interest and can count on banking the entire cash flow from rent.

While housing might be dropping, commercial prices continue to rise. That means you have to be smarter about making acquisitions and look for deals that come in at the right price for right now and not a mythical higher future price.

Commercial deals can also run into expenses you won’t have with a turnkey residential property. Developing raw land means government approvals, which can get delayed or stall. You need to have enough on hand to cover carrying costs while you wait to start work.

Buying existing commercial or industrial buildings can give you immediate cash flow, though, as you can continue to lease them. Choosing ones in premier locations can help counteract any potential softening in the market as well.

Ready to Invest in Vancouver Real Estate?

In times of increasing inflation, many investors turn to real estate as a long-term safe haven for their money. Vancouver real estate should continue to be a good investment whether you buy rental properties for the influx of residents or industrial to accommodate economic growth. Your strategy and financial position dictate where to look for opportunities.

Interested in investing in real estate in the Greater Vancouver area? Contact us to discuss current market trends and how to get in on bigger development deals.

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7 Unique Renovation Ideas for Your Vancouver Home https://www.petercoppard.com/blog/2022/06/09/7-unique-renovation-ideas-for-your-vancouver-home/ https://www.petercoppard.com/blog/2022/06/09/7-unique-renovation-ideas-for-your-vancouver-home/#respond Thu, 09 Jun 2022 23:43:18 +0000 https://www.petercoppard.com/blog/?p=1272 While spending more time at home over the past two years, many homeowners looked around them and weren’t happy with what they saw. Spending on home remodelling jumped 66 per cent as … [read more]

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While spending more time at home over the past two years, many homeowners looked around them and weren’t happy with what they saw. Spending on home remodelling jumped 66 per cent as Canadians sought to improve their living spaces.

If your Pinterest account is full of renovation ideas for your own project, you aren’t alone. But narrowing them down to ones that make sense for your long-term comfort can be a tough proposition since so much has changed about how we spend time at home. In addition, you still want to consider how changes impact your home’s value given the current housing market.

Here are seven renovation options and trends we see adding value and unique appeal to homes in Vancouver.

home renovation

1. Make Your Home Smart

Your Alexa or Nest is just the tip of the iceberg of what can become a huge project that brings convenience and savings. Motion-sensing faucets and smart lighting are at the top of most homeowners’ wish lists but do not stop there.

Smart appliances keep you informed and in control. A wi-fi-enabled fridge monitors its temperature, lets you see inside to confirm that you do have milk, and lets everyone contribute to the virtual shopping list on the door’s touchscreen. A smart washer/dryer set sends a notification to your phone when a load is done, while your coffee table can turn into a device hub with speakers and USB charging ports.

Once you have all your smart devices, you might consider adding a control panel on a wall to supplement the app on your device. Consider choosing devices that all speak the same language to make them easy to control via a hub or single app.

2. Home Office Space

The kitchen counter or den sofa works fine if you only work from home on occasion. But long-term work requires a dedicated space. Homeowners have gotten creative by converting a bedroom, closet, or even space under the stairs to get a private work environment.

When you consider converting an unused room or space, there needs to be a reset of that space’s function. Your renovation might include adding acoustical insulation or building a workstation. Video calls require good lighting, while a door with a lock gives you more privacy.

3. Living Area Updates

Anticipating spending more time together at home means updating and adding functionality to living spaces as well. One interesting trend is the addition of a built-in bar area complete with fridge, sink, and shelving. It’s a great use of odd nooks and corners.

Upgrades to home theatres mean not just having the right electronic equipment but also the right setting. That might mean adding acoustical insulation and custom-built shelving to get the best sound and functionality.

4. Add a Laneway House

If you have the space, you might join the growing trend in laneway houses or what’s sometimes called a coach house. These typically include a complete living space with a kitchen and laundry.

They’ve become more popular as options for multi-generational housing for aging parents or young adult children. But they also make great spaces for guests or a potential income stream. Vancouver’s laws have changed in recent years to no longer require that these structures have an attached garage, but you do need to provide a dedicated parking space.

5. Build a Basement Suite

Finish out or add functionality to your basement to turn it into a full suite. This offers similar flexibility as a laneway house without taking away from your yard or drive. It is usually a self-contained unit within the house with its own entrance, kitchen, and bath.

Along with laneway houses, basement suites have gained in popularity as a mortgage helper. Vancouver is a desirable place to live, which means lots of potential tenants but also higher rent and housing prices. Renting out your basement can offset mortgage payments and taxes.

6. Outside Living

In the Vancouver area, outdoor improvements from landscaping to kitchens are proving to deliver great ROI for homeowners while adding greatly to the quality of life. An outdoor cabana with a full chef’s kitchen is the top fantasy renovation for Canadian homeowners. A great outdoor kitchen can include anything from a built-in grill to custom cabinetry to a sink and fridge.

Along with outdoor kitchens, decks, pergolas, and playgrounds are finding their way into yards. A quarter of homeowners cited a desire to create more functional and fun outdoor spaces because they are spending more time at home these days.

Improvements to landscaping are one of the more popular outdoor projects since many homeowners feel comfortable taking them on themselves. Adding beds, borders, and lawns showed the biggest growth in popularity.

Home renovations

7. Energy Efficiency Upgrades

When it comes to regrettable renovations, most BC homeowners point to projects that focused solely on looks. Instead, use a remodel of the kitchen or bathroom to piggyback upgrades that improve energy efficiency or make the home more eco-friendly. It’s a valuable project locally, as Vancouver homeowners placed a much higher value on energy efficiency renovations done to homes they purchased.

Consider adding insulation, swapping out old windows, and rewiring to handle the demands of an LED or solar lighting. There’s a high demand for reclaimed materials to be worked into remodels as well. Eco-flushing toilets and EV charging stations are so new that you are likely to have the first ones on the block.

Have Some Great Renovation Ideas?

Whether you want to improve the livability of your home or increase its overall value, any of these popular renovation ideas are worth considering. Adding smart home tech or revamping for better energy efficiency makes an older home more appealing while carving out space for a dedicated home office makes it easier to work from home.

Curious how remodelling ideas might impact your home’s resale value? Contact us to discuss the home renovation trends we’re seeing that are helping homes sell in Vancouver.

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