Real eState

Manhattan Luxury Real Estate Logs Best Week Since May

Published

2 years ago

March 13, 2023

Manhattan’s high-end home buyers were out in force last week at a rate not seen in almost a year, according to Monday’s market roundup from Olshan Realty.

Wealthy shoppers signed contracts on 36 luxury properties asking $4 million or more in the borough over the seven-day stretch, a total that is “five more than the previous week, marking the largest total of the year—and the largest total since May 9-15, 2022, when 39 contracts were signed,” wrote Donna Olshan, president of the eponymous firm and author of the weekly report.

Condos were the home of choice, with 25 of them finding buyers. There were also deals on eight co-ops, two townhouses and one condop. Collectively, they were worth $268.9 million.

The priciest contract inked last week was on a triplex at 165 Charles Street in the West Village asking $37 million. The seller is Alexis Stewart, daughter of homemaking mogul Martha Stewart.

The 9,607-square-foot unit has been on the market since February 2019, when it was asking $53 million, the report said. There are six bedrooms, six bathrooms, four terraces and Hudson River views.

Amenities on offer at the building include a fitness center, a screening room and a pool.

The second-priciest deal was on a duplex at 133 East 80th St. on the Upper East Side. The co-op was originally listed in March 2022 for $16.75 million and taken off the market at the end of June. “When it was re-listed at the end of last month, the price drop of $2.755 million seemed to do the trick, igniting a quick sale,” Ms. Olshan wrote.

The five-bedroom home, which was “extensively renovated” in 2012, is fitted with features such as a library, a formal dining room, an eat-in kitchen and a staff room, according to the report.

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Real eState

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

Published

2 weeks ago

October 24, 2024

Anne Joseph

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.

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Real eState

Here are some facts about British Columbia’s housing market

Published

3 weeks ago

October 17, 2024

Anne Joseph

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

Published

3 weeks ago

October 17, 2024

Anne Joseph

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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