Insider deal for Liberty Village condo reduces Realtor commission | Canada News Media
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Insider deal for Liberty Village condo reduces Realtor commission

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Pope Real Estate Ltd.

80 Western Battery Rd., No. 811, Toronto

Asking price: $919,990 (March, 2023)

Selling price: $900,000 (March, 2023)

Taxes: $3,141 (2022)

Days on the market: N/A

Listing and co-op agent: Robin Pope, Pope Real Estate Ltd.

The action

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Pope Real Estate Ltd.

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The 14-year-old suite has a wide and shallow layout with full-height windows in every room.Pope Real Estate Ltd.

The owner of this two-bedroom corner suite wanted to sell it to finance the purchase of their next place, so they spruced it up for a spring launch when little else was available for sale in the high-rise building. At the last minute, the seller’s future father-in-law – who was shopping for an investment property – determined it was a good fit for his own portfolio at $900,000.

“I was handling both sides of the transaction, so the commission was less,” said agent Robin Pope. “That was an advantage for the seller, and the buyer was willing to close whenever the [seller] found a property.”

“We were never going to find another buyer who would accommodate that, so it was a win-win for everyone.”

What they got

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Pope Real Estate Ltd.

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The kitchen boasts granite countertops, an island and stainless steel appliances.Pope Real Estate Ltd.

This 14-year-old suite has a wide and shallow layout with full-height windows in every room and a balcony off the open living and dining area.

Towards the back of the unit, there are two full bathrooms and a laundry closet with stacked machines, plus a kitchen with granite countertops, an island and stainless steel appliances.

Parking and a storage locker complete the package.

Monthly fees of $801 pay for 24-hour concierge and access to a fitness centre with a pool, and a clubhouse with a party room and landscaped patio.

The agent’s take

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The balcony is accessible through the open living and dining area.Pope Real Estate Ltd.

“There are a few newer buildings in the area, but units are much smaller for the same money,” said Mr. Pope.

“It’s a very lovely, 900-square-foot, two-bedroom unit in the southeast corner with great views of Liberty Village. And you could see some of the lake and a big part of the downtown skyline, including the CN Tower.”

Its outdoor living space is also generous. “This had a very large balcony, six feet deep and south-facing,” Mr. Pope said.

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Homelessness: Tiny home village to open next week in Halifax suburb

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HALIFAX – A village of tiny homes is set to open next month in a Halifax suburb, the latest project by the provincial government to address homelessness.

Located in Lower Sackville, N.S., the tiny home community will house up to 34 people when the first 26 units open Nov. 4.

Another 35 people are scheduled to move in when construction on another 29 units should be complete in December, under a partnership between the province, the Halifax Regional Municipality, United Way Halifax, The Shaw Group and Dexter Construction.

The province invested $9.4 million to build the village and will contribute $935,000 annually for operating costs.

Residents have been chosen from a list of people experiencing homelessness maintained by the Affordable Housing Association of Nova Scotia.

They will pay rent that is tied to their income for a unit that is fully furnished with a private bathroom, shower and a kitchen equipped with a cooktop, small fridge and microwave.

The Atlantic Community Shelters Society will also provide support to residents, ranging from counselling and mental health supports to employment and educational services.

This report by The Canadian Press was first published Oct. 24, 2024.

The Canadian Press. All rights reserved.

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Here are some facts about British Columbia’s housing market

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Housing affordability is a key issue in the provincial election campaign in British Columbia, particularly in major centres.

Here are some statistics about housing in B.C. from the Canada Mortgage and Housing Corporation’s 2024 Rental Market Report, issued in January, and the B.C. Real Estate Association’s August 2024 report.

Average residential home price in B.C.: $938,500

Average price in greater Vancouver (2024 year to date): $1,304,438

Average price in greater Victoria (2024 year to date): $979,103

Average price in the Okanagan (2024 year to date): $748,015

Average two-bedroom purpose-built rental in Vancouver: $2,181

Average two-bedroom purpose-built rental in Victoria: $1,839

Average two-bedroom purpose-built rental in Canada: $1,359

Rental vacancy rate in Vancouver: 0.9 per cent

How much more do new renters in Vancouver pay compared with renters who have occupied their home for at least a year: 27 per cent

This report by The Canadian Press was first published Oct. 17, 2024.

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B.C. voters face atmospheric river with heavy rain, high winds on election day

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VANCOUVER – Voters along the south coast of British Columbia who have not cast their ballots yet will have to contend with heavy rain and high winds from an incoming atmospheric river weather system on election day.

Environment Canada says the weather system will bring prolonged heavy rain to Metro Vancouver, the Sunshine Coast, Fraser Valley, Howe Sound, Whistler and Vancouver Island starting Friday.

The agency says strong winds with gusts up to 80 kilometres an hour will also develop on Saturday — the day thousands are expected to go to the polls across B.C. — in parts of Vancouver Island and Metro Vancouver.

Wednesday was the last day for advance voting, which started on Oct. 10.

More than 180,000 voters cast their votes Wednesday — the most ever on an advance voting day in B.C., beating the record set just days earlier on Oct. 10 of more than 170,000 votes.

Environment Canada says voters in the area of the atmospheric river can expect around 70 millimetres of precipitation generally and up to 100 millimetres along the coastal mountains, while parts of Vancouver Island could see as much as 200 millimetres of rainfall for the weekend.

An atmospheric river system in November 2021 created severe flooding and landslides that at one point severed most rail links between Vancouver’s port and the rest of Canada while inundating communities in the Fraser Valley and B.C. Interior.

This report by The Canadian Press was first published Oct. 17, 2024.

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