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Vivid at the Yates is a 20-storey, 135-unit below-market condominium tower situated along the 800-block of Johnson Street in downtown Victoria.
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I am in the Yates but chat a fair with my Vivid neighbours... I understand it is 2 years from the owners possession. Going back in the thread makes it sound like it got occupancy and people moved in around late April early May 2021, so this seems early no? or maybe there is some finessing with the closing date? I do see it is Marko's listing, so maybe he will chime in. The batch of listings that came online earlier were units that were forced to sell due to violations of the BC Housing covenant, though it seems they extended the principal residence requirement from 2 years to 5 now! Sheesh.
But if you buy pre-sale, you could almost sell it right when occupancy is approved no?
But if you buy pre-sale, you could almost sell it right when occupancy is approved no?
No, it had to be your principal residence for 2 years, just can't remember if it the official start was occupancy or possession... I would guess possession because that is when you'd start living there as your principal residence. and I believe people started moving in early May 2021.
I got the keys to my place in early May 2021.
I won't be selling because I work a 5 minute walk away :P
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A financing arragement between BC Housing and Chard Development will deliver 135 below-market condos to downtown Victoria.
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A seniors complex on Belleville Street and two residential towers between the 800-blocks of Yates and Johnson streets have received municipal approvals.
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