Address:
The Pearl Residences, coming to the 1600-block of Store Street in downtown Victoria's Chinatown district, is an eight-storey, 133-unit mixed-use condominium residence with ground floor commercial space.
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There was a large ad in the TC today for The Pearl.
There was a large ad in the TC today for The Pearl.
Noticed ads in the community papers as well
AirBnB will die, not the virus. COVID will likely be here in a strong form for 2-3 years. The virus is already showing signs of mutations as labs are rushing to find a vaccination for the current form. Masks will likely be here for several years to come. Any tourist centered city will feel these effects hard, as already have and for a few years as well.
Judging if a current building will proceed based upon pre-sales at a time pre -COVID will prove foolish!!!!! Builders will be looking hard at their pre-sales clients trying to figure out their ability to close given all the new unknowns.
-loss of income post CIVID
-reduced work hours
-current homes they can't sell
I don't think we're quite there yet. Is there more risk now? I think so, but not to the point of making projects unviable.
Remember that we still have a healthy influx of people from other markets who are fast-tracking their retirements and locking in housing rates now, while planning their retirement situation out back wherever they are.
My clients are regularly speaking to buyers from afar who are coming here to purchase pre-sales then going back to their home province.
:confused:
AirBnB will die, not the virus. COVID will likely be here in a strong form for 2-3 years. The virus is already showing signs of mutations as labs are rushing to find a vaccination for the current form. Masks will likely be here for several years to come. Any tourist centered city will feel these effects hard, as already have and for a few years as well.
Judging if a current building will proceed based upon pre-sales at a time pre -COVID will prove foolish!!!!! Builders will be looking hard at their pre-sales clients trying to figure out their ability to close given all the new unknowns.
-loss of income post CIVID
-reduced work hours
-current homes they can't sell
Fall 2019 downtown Victoria new condo round-up: what’s available, where, and for how much
Looking for a downtown Victoria new-build condo? Here's your fall 2019 guide.
First look: design unveiled for waterfront Chinatown condo and commercial dev
A proposal to redevelop a surface parking lot at the foot of Fisgard Street includes 133 condominiums and a commercial frontage along Store Street.
Chinatown condo dev to rise at the foot of Fisgard Street
Project will fill the gap between Chinatown's newly completed Janion micro-loft development and the Mermaid Wharf condominiums.
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