CIELO in prestigious Coal Harbour's Waterfront Community! Bright open plan 2 bedroom, 2 bathroom suite with magnificent view of Harbour, Marina, mountains & city! Features include, high end European style kitchen, hardwood floors, large deck, 2 parking spaces, in suite storage, plus large storage locker downstairs and Geothermal heat / Air conditioner. Pets and Rentals allowed.

Unobstructed SE views of False Creek and David Lam Park. Property has 24 hr concierge service and access to Club Viva (incl full size indoor swimming pool under glass roof, squash courts, gym, hot tub, sauna, home theatre, recreation rooms with kitchen, guest suites, library & billiards). Suite is finished with stone countertops and stainless steel appliances. Concord Pacific development comes with home warranty. Restaurants, shopping, recreation, bus stops, Canada Line station, and schools are within walking distance.

Immaculately cared for 1 yr old home at the Sapphire. This property is 1 of 4 on 15th floor with corridor water & mountain views. Functional 1 bdrm + den + balcony + parking incl 8'6" ceiling, stylish appliances by "Bosch" & "Fisher & Paykel", stone countertops & storage locker. Amenities include gym, sauna, hot tub & concierge.

Immaculately cared for 1 yr old home at the Sapphire. This property is 1 of 4 on 15th floor with corridor water & mountain views. Functional 1 bdrm + den + balcony + parking incl 8'6" ceiling, stylish appliances by "Bosch" & "Fisher & Paykel", stone countertops & storage locker. Amenities include gym, sauna, hot tub & concierge.

View this recently sold Condo or see all my home sales

View this recently sold Condo or see all my home sales

The real estate market appears poised for a soft landing rather than a crash, in a cooling trend the Bank of Canada says is both "expected and welcome."

Sheryl Kennedy, the central bank's deputy governor, said Canada's financial prudence has helped it sidestep the sharp home price declines being experienced in countries including the U.S., Britain and Spain.

"The Canadian housing market does not appear to be characterized by excess supply at this time," she said in the text of a speech delivered yesterday in Banff, Alta. "The proportion of unoccupied, newly built dwellings in most cities remains below historical averages, suggesting that a major widespread reversal in house prices is unlikely in the near term."

In the past decade, prices of existing homes in Canada have risen by about 55 per cent, while new-home prices have risen by about 27 per cent. As one of the country's largest housing booms loses steam, most economists are forecasting a small increase in prices this year that will keep pace with the central bank's 2-per-cent target for inflation.

It's a much different story in the U.S. market, where home prices dropped by 14.1 per cent year over year in the first quarter of 2008, according Standard & Poor's/Case Shiller national home price index.

That record price decline occurred at a pace five times faster than that of the last U.S. housing recession, according to the index's quarterly report, released last month.

Much of Canada's housing boom was the result of supply catching up with pent-up demand that followed the downturn of the late 1980s and early 1990s, according to Ms. Kennedy.

Canada's conservative mortgage culture has helped protect it from the excesses seen during the U.S. boom, which had a much larger amount of subprime mortgages, she added.

As the housing market cools, the Bank of Canada can worry less about the sector as a driver of inflation, said Michael Gregory, senior economist at BMO Nesbitt Burns Inc.

"This speech would have been a lot different if we still had double-digit price gains on new and existing homes," he said in an interview.

The central bank now has a more pressing concern on its hands in soaring commodity prices, he said. In the real estate market, the issue has shifted to how much cooling prices could put a damper on consumer confidence, he added.

Despite her fairly positive outlook, Ms. Kennedy cautioned that Canada can't afford to become complacent about the real estate market, noting it took a decade for prices and sales to rebound after the bust of the late 1980s.

To that end, the central bank is keeping an eye on "challenges," including ensuring that mortgage innovations, including 40-year amortization products and "near-prime" mortgages, don't detract from prudent lending practices.

Ms. Kennedy's comments suggest the "the jury is still out" at the Bank of Canada regarding the value of these innovations compared with their potential risks, Mr. Gregory said.

~ from The Globe and Mail Report

New listings for detached, attached and apartment properties increased 20.2 per cent to 7,390 in May 2008 compared to May 2007, when 6,149 new units were listed.

"With more property listings and a decline in the number of sales, prices are not increasing as rapidly, now down to single digits overall, which is good news from an affordability standpoint," said REBGV president, Dave Watt.  "The housing market is at a balanced state, sellers have more competition and buyers have more selection to choose from."

Sales of detached properties in May 2008 declined 33.4 per cent to 1,203 from the 1,805 sales recorded during the same period in 2007. The benchmark price, as calculated by the MLSLink Housing Price Index®, for detached properties rose 8.4 per cent from May 2007 to $771,250.

Sales of apartment properties declined 30.5 per cent last month to 1,244, compared to 1,789 sales in May 2007. The benchmark price of an apartment property increased 8.7 per cent from May 2007 to $389,668.

Attached property sales in May 2008 decreased 24.7 per cent to 555, compared with the 737 sales in May 2007. The benchmark price of an attached unit increased 9 per cent between May 2007 and 2008 to $478,931.

Bright spots in Greater Vancouver in May 2008 compared to May 2007:

Attached:

Coquitlam                                           up 45.2 per cent (45 units sold from 31)

Apartments:

New Westminster                               up 13.6 per cent (100 units sold from 88)

The Real Estate industry is a key economic driver in British Columbia. In 2007, 38,050 homes changed hands in the Board's area generating $1.065 billion in spin-offs. Total dollar volume of residential sales set a new record at $22.25 billion and total dollar volume of all sales set a record at $22.77 billion. The Real Estate Board of Greater Vancouver is an association representing more than 9,500 REALTORS®. The Real Estate Board provides a variety of membership services, including the Multiple Listing Service®.

Continue reading for charts and graphs

Escala. Beautiful ocean, mountain, & park views! An opportunity to own in the Escala for less than $1.5M is rare. Escala is in the best Coal Harbour location. Escala is waterfront, park front, & steps from Stanley Park, restaurants, Urban Fare, and more. Bose Home Entertainment system featuring surround sound speakers and a flat screen TV is included in the purchase price of this home.

The Avila, a wonderful waterfront location accros from Cardero's and the Bayshore with easy access to the seawall and Stanley Park. This west facing 2 bedroom, 2 bath, has hardwood floors & a gas fireplace. Enjoy the view from the spacious master bedroom and balcony. Fabulous building amenities and gardens, 24 hr concierge, 1 parking, 1 storage, pets and rentals allowed.

Carina. Gorgeous corner suite at award-winning Carina. Join the exclusive club of waterfront owners at Harbour Green and enjoy spectacular forever views of Coal Harbour and the North Shore from this 1290 SQ.FT. 2 bdrm/2 bath and den executive suite . Numerous upgrades include over-size granite kitchen counters, Gaggenau gas cooktop with grill, Thermador convection oven, extra closet space, slate tile in bathrooms and custom mill work in the dem. 24 hour concierge, state-of-the-art fitness facilities and pool, outdoor hot tub, large storage locker and bonus: 2 parking spaces & guest parking. Pets and rentals welcome. Measurements approx - to be verified by buyer if important.

Cascina. WATERFRONT PRESTIGE - Living in Coal Harbour's coveted CASCINA at Waterfront Place. SPACIOUS 1232 sf, 2 bdrm & den with large flex space currently being used as a formal dining room - perfect for entertaining. Bosch & Subzero appliances, granite countertops. Unobstructed water view from the end of the expansive living room, gas fireplace, walnut HARDWOOD throughout, 2 full baths with radiant floor heating, closet organizers. Air conditioning. World class amenities include 24 hr concierge, pool, gym, sauna, steam room, bike lockers, resident library & media room.

CIELO - Spectacular 2 bedroom with excellent water views of marina, harbour & mountains from all rooms. Features include: 110 sq ft balcony, insuite laundry, 2 underground parking stalls & (1) storage locker. Upstairs on the 31st floor has a gym to die for with steam room & outdoor hot tub overlooking the harbour views.

Award-winning Carina at Coal Harbour. Prestigious Waterfront. This luxury 2 bedrooms, 2 bath and den corner suite has spectacular views of Coal Harbour and North Shore. Upgrades include hardwood floors in living, kitchen and bedrooms. Steam shower in 2nd bathroom, jacuzzi tub in master bathroom. Gaganeay gas cooktop with grill, Thermador Convection oven. 24 hours concierge, pool, outdoor hot tub, steam room, media room, 2 side by side parking, storage. Measurements are approximate, to be verified by Buyer. Call Chin-Lin for a private viewing.

ESCALA An elegant & finest 1/2 floor Coal Harbour res at the most sought after waterfront property, The Escala. Upon enterting the suite, the birdeye maple custom wall panels embraced the warmth and the grace of this refined living. Maple upgrades include hardwood floor, new carpet in bedrooms, 2 marble F/P's, Dorn Bracht plumbing fixtures, exquisite silk wall paper & window coverings thru-out. Take a stroll along the seawalk to fine restaurants, bistros, cafes and scenic Stanley Park. THAT'S LIFE!

~ from the CBC

Denia The prestigious "Denia" at Waterfront Place...World class luxury living in Vancouver's Coal Harbour. Enjoy the waterfront lifestyle with walks along the seawall, fine dining, relaxing cafes. This elegant 2 bedroom & den suite has ove r 1,300 square feet of wonderfully designed space with views over the marina out to Stanley Park and beyond. It's all here...air conditioning, 2 balconies, gourmet kitchen, luxurious bathrooms, oversized windows, granite countertops, top of the line appliances and fixtures including Bosch, Sub-zero & Grohe. Full concierge service and amazing amenities. Waterfront livng at it's best.

Situated on the NW is this spacious 1 bdrm at the premier Coal Harbour waterfront. This suite - enhanced by water & mountain views, beautifully finished and remodelled throughout with custom cherry wood cabinets, gourmet kitchen with both stainless steel appliances, gas range and granite countertops and featuring gleaming maple hardwood floors throughout. The building - steps to Stanley Park and Harbour at the one of the World Class waterfront living with excellent concierge service and amenities including indoor pool, gym, bike room etc. Pets/ rentals welcome. 1 parking & 1 locker included. Visit realtor's website for details.

Carina Coal Harbour architecturally stunning waterfront residence. Prime northwest corner suite with outstanding views of Stanley Park, Mountains and up the inlet. Custom designed 3000 sqft open plan boasts 3 bedrooms and 2 dens or could easily be 4 bedrooms. The ultimate in modern sophistication with top quality finishes, a gourmet kitchen and lots of interesting features glass, built-ins, make this a special home. Concierge and world class amenities. 4 parking and double size storage locker. Unbeatable location, unbelievable value!! A must see!