Blog › February 2012

MECCANICA (by Cressey) Unveiled

On February 29, 2012, the much anticipated MECCANICA at FIRST + QUEBEC was unveiled to a select group and of course it was no surprise to see the same level of quality of work and attention to detail in this development as the other developments we have seen from Cressey throughout the years.

The two model homes in the development's showroom at First and Quebec showcased the bold and uber-hip finishes complementing the ultra modern floor plans and the up and coming bustling neighborhood of South East False Creek.

The 170 units range from studios to two bedrooms + work and come standard with air-conditioning, highly polished quartz countertops and backsplashes, super glossy Porsche color inspired European style cabinets and sleek polished concrete floors, not to mention the 9'4" ceilings in every unit. Upgrades are also available. 

The neighborhood, in my view, will become the new epi-centre of Vancouver with proximity to downtown, sky train, lots of stylish shops and restaurants and a young and modern feel due in part to all the new developments going up around there.

On Saturday March 3, sneak previews of this development will start and the sale process will begin. The project is anticipated to complete in the Summer of 2014.

If you are interested in more information about this development or would like to view the model homes in the showroom, please feel free to contact me.MEC_logo_spot_rev




New Listing # 708 108 E 1ST AV, Vancouver, BC

V935340 - # 708 108 E 1ST AV, Vancouver, BC, CANADAView my new Apartment for sale at # 708 108 E 1ST AV, Vancouver and currently listed at $699,900.

This corner west and north facing two bedroom home is spectacular! Stellar master suite has walk-in closet and ensuite with double vanity, tub and shower, fully tiled feature wall, Grohe fixtures and a window. Large living and dining areas, great sized Cressey kitchen with integrated appliances, high gloss cabinets, soft-close details, under-cabinet lighting, accent cabinet colours in Porsche inspired colours, great sized balcony and so much more! And don't forget about the air-conditioning, over 9' ceilings, overheight doors and more!

See the Pixilink 360° Virtual Tour for this Apartment

From HST, back to PST

As you may have heard, British Columbia is going back to paying Provincial Sales Tax (PST) instead of the current Harmonized Sales Tax (HST) on April 1, 2013. In the interim, for the period April 1, 2012 to April 1, 2013, the province has announced transitional rules for the purchase of new homes and the rebates associated with the taxes.

If you are purchasing as your PRIMARY residence, priced up to $850,000:

  • A new home with land
  • A new home with leashed land
  • A new float or mobile home
  • A new cooperative housing
  • A new home constructed or 90% renovated by an owner builder

Or if you're buying a secondary vacation home outside the Greater Vancouver and Capital Regional Districts priced up to $850,000

You will be eligible for a rebate of 71.43% rebate up to a maximum of $42,500 up from the current $26,250 maximum rebate.


Here's how the rules apply:

If you are taking possession of your new property before April 1, 2013, you will pay the 12% HST and be eligible for a rebate of up to $42,500.

If you are taking possession of your new property AFTER April 1, 2013, you will NOT pay the 7% portion of the tax, instead you will pay a 2% transitional tax.

If you purchase your home after April 1, 2013, then the old GST will apply to the purchase of your new home. 


After coming out with Maddox at the corner of Howe and Drake in downtown Vancouver, Cressey has recently announced "Meccanica" at FIRST & QUEBEC.

The building is named after Intermeccanica who created the Porsche roadster in the 1980's which is the design inspiration behind the condos in the building. 

The building comprises 170 "bold, automotive inspired homes" which have an industrical feel to them.

The architect team behind this building, Rafii Architects, who also designed Donovan and James, have included features which is rarely seen in the Vancouver real estate market. Things like a galvanized metal and glass exterior and high gloss kitchen cabinets in Porsche inspired colors as well as airconditioning.

A few floor plans have been released and they are currently registering buyers. Please contact me if you would like to have more information or to view the floor plans.

What to Do to Get Your Home Prepared for Sale

Very often we get overwhelmed with a lot to do when we think of putting our home on the market for sale. We suddenly start thinking about everything that is wrong with the house and everything we need to fix to prepare for the sale.

There is the garage that needs to be finished, the backyard which needs to be cleaned and relawned, the old kitchen cabinets that need to be replaced, and on and on goes the list. 

It's easy to get carried away and before you know it, you have spent thousands of dollars without knowing for a fact that what you have done has indeed added to the value of your home.

The truth is, there is no real formula to follow here. However, what I can tell you is that deciding what needs to be done is very subjective. What you think as aesthetically pleasing, may be not so important to a potential buyer. 

Before you start doing anything in the way of renovations and updates, meet with your real estate agent and ask them to tell you what will add to the value of your home. This way, you will ensure the money you are putting in will be returned, and then some.

Property Tour: Tips on viewing properties

Ideally, the first property you see when shopping for a new home
will be the one you fall in love with and buy. But let's face it. You'll
probably end up seeing several homes before reaching the
decision to make an offer on one.
When you're viewing homes, you want to make sure that the
experience is enjoyable (rather than stressful) and that you get all
the information you need to make the right decision.
To help you do that, here are a list of items you should consider
taking with you:
 A notepad. Have something with you so you can take
notes, a pad of paper, laptop computer, iPad, even a
voice recorder.
Flashlight. Just in case there is an area in a home that is
not well lit, such as the furnace room.
Water and snacks. If you are viewing more than two
properties, take some healthy refreshments with you,
rather than relying on fast food restaurants. These will
help keep your energy level up. (This is especially
important if you're taking kids with you.)
A plan. Don't just view properties randomly. Work out an
itinerary in advance. This will help you make the most of
your time. This is also what your real estate agent will help you with.