Village Incentives

Untimely mentioned at a time of increased global uncertainty, the Great Sweatered One Bob Rennie has unleashed a new salvo in his Millennium Water Village at False Creek marketing campaign:

We’re kicking off a brand new promotion tomorrow—an amazing move-in package of essentials for every buyer—it’s everything you’ll need for life at The Village!* The package includes:
  • A hybrid bicycle – for your 5KM ride along the seawall to Stanley Park
  • A portable BBQ – for Saturday’s BBQ with the in-law’s, on your balcony or at Hinge Park
  • A one-year Aquabus ferry pass – for a last minute trip to Granville Island or Yaletown
  • A single person kayak – get to know the neighbourhood sea life
  • A year’s worth of one-zone Translink FareCards – the skytrain is only 5 minutes away
  • A coffee per day for a year at Terra Breads Café – just downstairs
  • A pair of running shoes – run the seawall in style
  • A year’s worth of groceries from Urban Fare – an elevator ride away
  • A year’s membership to Modo Car Co-op – for your day trip to Seattle
  • A set of All-Clad cookware – for your Miele kitchen
Village at False Creek Incentives Picture August 2011
Village at False Creek Incentives Picture August 2011
Come and visit us at the sales centre for your pricing, floorplans, and full details on our new promotion! We’re open daily 12-5PM, closed Fridays or by appointment at 1693 Manitoba Street at 1st Avenue.

*Homeowner may choose this package OR cash value of $5,000. Photos are representational only, actual prizes may not be exactly as shown. Ernst & Young Inc. reserves the right to end this promotionat any time without notice. For more details please speak with a sales representative from The Village on False Creek.
Untimely, too, since more uncertainty surrounding the removal of the maligned HST won’t help matters on higher-priced properties. This blogger is also a taxpayer and wishes Mr. Rennie all the best in recouping my money, but man we ain’t making it easy for the poor fellow, are we!
$5,000 sounds nice but seeing all the great stuff $5,000 buys, it kind of puts spending $750,000 $745,000 into perspective. As a bit of inspiration when you’re feeling down, I offer Mr. Rennie a quote from a Realtor operating in Southern California: “It’s nothing a lower price can’t fix.”
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[…] “I was at the grocery store and ran into someone I hadn’t seen in several years. We caught up for about 90 seconds about work and kids and what neighbourhood she was living in and then (totally unsolicited) the person started going into defense mode why she was renting. I told her that I was also renting and that I thought it was going to be the correct solution in the medium term. What struck me was how quickly the emotions as well as the topic of home ownership came up in the conversation. Real estate is top of mind for everyone in this town ALL the time, whether you’re a bull or a bear.” – buffates at vancouvercondo.info 1 Sept 2011 6:46am […]

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[…] “Several bears I know that were sitting on the sidelines have finally thrown in the towel and bought in the past couple of months. Perhaps a contrarian indicator that a top is near?” – Troll at vancouvercondo.info, 31 Aug 2011 11:25am […]

4SlicesofCheese
4SlicesofCheese
8 years ago

@Anonymouse Says:

"Probably the same as it did last year?"

Well yeah sure, but you have to take into account rising food and gas costs, continuing negative savings rate, and of course higher housing costs 🙂 All with stagnant wages.

There is a point when somethings gotta give.

pricedoutfornow
pricedoutfornow
8 years ago

@pricedoutfornow:

I digress, before you all jump on me on the rent vs buy argument. ;p I should say, nobody can afford to buy a house in these cities, which of course, is a completely different matter altogether than just "living".

pricedoutfornow
pricedoutfornow
8 years ago

http://www.theglobeandmail.com/news/opinions/opin

Silly surveys. "Livable" apparently means "unaffordable". It's strangely ironic that no average person can afford to live in these "livable" cities.

painted turtle
painted turtle
8 years ago

"We are obsessed, as a city. "

I agree, especially when I remember my previous life, in European cities: the topic was never ever mentioned, or just a brief sentence like: "I just bought a HOME."

pricedoutfornow
pricedoutfornow
8 years ago

@buffates:

"Real estate is top of mind for everyone in this town ALL the time, whether you’re a bull or a bear"

We are obsessed, as a city. I can't remember the last time I went out with friends and real estate didn't come up in some way, in the conversation. Odd, isn't it? Don't we have anything else to talk about?

buffates
buffates
8 years ago

Little anecdote for everyone from yesterday…I was at the grocery store and ran into someone I hadn't seen in several years. We caught up for about 90 seconds about work and kids and what neighbourhood she was living in and then (totally unsolicited) the person started going into defense mode why she was renting. I told her that I was also renting and that I thought it was going to be the correct solution in the medium term. What struck me was how quickly the emotions as well as the topic of home ownership came up in the conversation. Real estate is top of mind for everyone in this town ALL the time, whether you're a bull or a bear.

Van MD
Van MD
8 years ago

54 "court-ordered sales" and 27 "foreclosure" in MLS listings sounds like a significant number for lower mainland?

Some examples

V889006 – $969,900 @ Hampton Place (UBC)

F1119982 – $2.75M mansion in Langley

F2913662 – $9.9M 165 acre "future development site" in Abbotsford

http://www.ecorealtyinc.ca/search?q=court+ordered

rp1
rp1
8 years ago

@paradox: Because the 5 year bond is now at 1.6%. I guess that's the "risk premium". Of course, Vancouver properties have consistently returned 10-20%, even in crappy years. It puts Bernie Madoff to shame.

Devore
Devore
8 years ago

@paradox: Because it always goes up.

paradox
paradox
8 years ago

How crazy can it get?

Apartment building in Vancouver with 2.2% cap rate…
http://goodmanreport.com/Admin/Getfile.asp?ID=757

Why on earth would someone invest at 2.2% on an apartment building with overly optimistic assumptions (a more conservative approach to vacancy and expenses would give a cap rate below 2%) instead of just buying a 5 year government bond?

chip
chip
8 years ago

Fun fact of the day:

The provincial govt "collected $4.4 million from B.C.'s 60 school districts, to compensate for (carbon) emissions that mostly come from school buildings."

No mention of how many bureaucrats were required to shuffle taxpayers' money from one branch of govt to another.

Boombust
Boombust
8 years ago

"Boombust Says:

August 31st, 2011 at 10:04 am

“…get to know the neighbourhood sea life…”

Would that be floating poop?"

Or, was it a human foot? Te he…

Best place on meth
Best place on meth
8 years ago

@jesse:

Sell/list was 51% this August and 59% last August.

paulb.
paulb.
8 years ago

New Listings 150

Price Changes 77

Sold Listings 118

TI:16393

If you like the stats updates please “like” our Facebook page http://tinyurl.com/paulandlauren

Website http://www.laurenandpaul.ca

Absinthe
Absinthe
8 years ago

@Patiently Waiting: Yeah, I was wondering about that year's worth of groceries. I have two active boys and they already eat like maniacs – I can only imagine that during their teenage years, a year's worth of groceries at a place like Urban Fare would be some serious coin.

Strataman
Strataman
8 years ago

A pair of running shoes!!!! Then we will know why we get running shoes with human remains in False Creek……they bought at the village! 🙂 Make sure the running shoes are labelled "buyer at the village"

Anonymouse
Anonymouse
8 years ago

@4SlicesofCheese:

"Lets see how the local economy copes with no tourists and everyone maxed out."

Probably the same as it did last year?

Li Kai Shing
Li Kai Shing
8 years ago

Kayak in false creek?

Maybe have open season on floating turds.

Sneak up on them in Mr Floatie costume during mating season.

When winter come, maybe turds freeze together into a large iceturd and sink Jim Pattisons yacht. May have to surrender Save On points depending how mad Jimmy is. Should have bought Fast Ferry while current lackey Glen Clark still Premier

Li Kai Shing
Li Kai Shing
8 years ago

Dear Bob:

VCI troglodytes not interested unless it is a basement suite or equivalent.

Maybe add mold smell and backed – up toilet, then the golden shower of Malek karma dribble your way.

PS maybe throw in free nachos and bar fridge full of Canadian

teddy bear(formerly
teddy bear(formerly
8 years ago

Will change name as the guy named ted doesn't post here anymore.

Anyways everytime I hear the village I think of the 1960's tv show the prisoner. I think its fitting the few people living there will feel like prisoners. Also the giant bubble that captures the prisoner everytime he tries to escape was a perfect metaphor for the real estate bubble. You can run but it will suck you in.