(Newswire.net — February 13,2013) North Vancouver, British Columbia — On Monday, veteran Vancouver realtor Richard Morrison remarked on the recent rumors of Anthem properties launching its new Vancouver condos project, at the heart of Gastown, Vancouver. There are also rumors of another springing up at the spot of the Ridgeway Annex school building. Pointing to the reports made on the new development this February on Globe & Mall (http://www.theglobeandmail.com/life/home-and-garden/real-estate/gastown-restaurateur-cooks-up-a-deal/article8729487/?cmpid=rss1), Morrison praised the approach of Anthem Properties to real estate development. According to Mark Brand, famous restaurateur, whose Save on Meats diner has been taken over for development by Anthem properties, Anthem is changing the game by creating a real friendly deal.
Anthem’s VP of Investments and Communications, Alexa Baughen told the Globe & Mall that “This is our third building that we acquired in the area, and our CEO Eric has always had a soft spot for it, being such an iconic building … We were really excited to have this partnership with Mark.” According to Morrison, while the timing for the project was great, the recent drop in prices in Vancouver might give the promoters a tough time. “However,” Morrison said, “Anthem properties has its own experts, and I believe the reason why they are taking on this project is because they believe what I do – the real deals in North Vancouver condos haven’t slackened even a little bit, what has dropped are the numbers of speculators. On the face of it, that’s why it seems the real estate market in North Vancouver condos is sluggish.”
In fact, Morrison points out, the Station Square project in Burnaby, by Anthem Properties had experienced a roaring success for its pricing and strategic location. He observed that people who had been seriously investing in real estate, are keeping investing in Greater Vancouver, especially North Vancouver condos projects, because they are not newcomers to the game, and are not speculators. Morrison said, “The world now knows Vancouver is a city where you can find safety and respect, and for many, especially for people from China, it matters more than money.”
He insists it is the social ambience of Vancouver that is making the market tick, especially in North Vancouver condos projects, where the localities have become truly international and cosmopolitan. And this is why he believes, the new North Vancouver condos projects of Anthem Properties is going to be a success. “It’s strategic location with the right pricing,” said Morrison. “When you chose a spot where it is easy for people to live, and easy to commute to work – what more can you ask from the location of a project? It’s only a 20-minute drive into downtown Vancouver with everything close at your hand from hospitals to community centres and education institutions.” “You got to look at how they are scheduling the pricing,” said Morrison. “In their Local on Lonsdale project, it is 10 percent money down at the time of signing the contract, then you got another 9 months to pay the next 5 percent and another 5 percent within 18 months. That’s as easy as it can be on the buyer.” And, says Morrison, “on top of that, they announced that the first 85 buyers who close their purchases would receive $3000 credit.”
The scale of the project also affects the economics, said Morrison, and the Local On Lonsdale condo tower and garden townhome can had offered the best deals in North Vancouver real estate projects because of the economics of scale. “When you offer a 50,000 square feet grocery store within the building, you are offering convenience and the assurance that residents want. That’s why people are ready to pay. They are ready to pay to save the time.” “People feel at ease here, especially in North Vancouver,” said Morrison. “This is why immigrants and newcomers from other countries buy into North Vancouver condos projects, and realtors continue to sell at asking prices.”
Richard Morrison is a Master Medallion REMAX agent operating out of Vancouver, British Colombia, Canada. He has received numerous awards throughout his 10 years of being a Realtor and opened his own REMAX branch in 2003. His team consists of 5 expert agents, with a combined experience of over 40 years.
Richard Morrison Personal Real Estate Corporation
http://www.realestatevancouver2010.com/
Tel: 1.(604).767.3703