Are you frustrated with the lack of information, misleading information, or straight up incorrect information that permeates the Vancouver presale condo market?
We cut through the confusion, bringing you conversations with developers about their most exciting up and coming projects in the Lower Mainland.
The first episode in our new series focusing on presale condos in the Greater Vancouver area!
Presale – The Georgia – with Trevor Street, Managing Partner & CEO of The Partners Marketing Group
Tell us about your project, The Georgia.
The Georgia Condominiums project consists of 194 homes over two phases. The project is currently in the registration phase. All advertising is via social media and online, there is nothing on MLS or in print. Well over 20 people are registering for the site each day.
In terms of units, 10% will be junior one-bedrooms (the suburban substitute for a studio)—this is great for single people. Another 10% will be one-bedroom dens, and over 40% will be two-bed, two-bath 764 sq. ft. suites, which Whitetail Homes is becoming famous for. The project’s showroom is this type of suite. The suites feature 9’ ceilings and granite countertops (despite Trevor’s advice against granite, due to cost!)
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Why are you excited about the location of The Georgia in downtown Langley?
It will be an incredible addition to downtown Langley—perks include being walking distance to the mom-and-pop shops in the historic Fraser highway area and to evening entertainment, and light rail transit is coming. It’s an up-and-coming area, and Trevor chose to personally invest there.
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When is the completion date for The Georgia?
Sales begin end of March; expected completion is early 2020.
Can you tell us more about Whitetail Homes and its history?
One of the Principals, Luc Gosselin, is also the CEO of CWL Contracting and has done hundreds of homes and dozens of projects, all over the Lower Mainland. This is their third project in the City of Langley and they have a great reputation.
Are the homes at The Georgia primarily for investors or end-users?
Investors can get high rents, like everywhere else in the Lower Mainland. The Georgia will be cash-flow positive. Trevor has seen rents for smaller homes at $2.50-$3.00 per square foot, and even higher if furnished.
If someone out there is on the fence, why should they buy at The Georgia?
You can let go of the fear of whether a place will suit your needs a couple years down the road. This is not meant to be a forever home, but a safe investment from a quality builder. You can always rent the suite out if you move on; that right will always be there because you get grandfathered in, even if the strata bylaws change in future. When rapid transit comes, they’ve typically seen prices rise, so it’s smart to get in now.
10 great reasons to call The Georgia your new home
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This week, Ryan Berlin, Director of Intelligence and Senior Economist, and Andrew Ramlo, Vice President of Advisory Services, sit down with Matt & Adam to chart the market from bird's eye view down to granular.
Jenny sits down with Adam & Matt this week to discuss her path from real estate investor/business person to community builder on the Downtown Eastside, where she works day in, day out with some of the city’s most vulnerable residents.