Apartment City

Home sales across Metro Vancouver dipped in July, bringing market activity down to levels typically seen in the summer months, but the benchmark price for all property types reached a new high, according to the Real Estate Board of Greater Vancouver (REBGV). The benchmark price, when looking at all home types, exceeded $1 million for the first time ever last month, reaching $1,019,400 – a 2.1% increase compared with June and an 8.7% jump compared with July 2016. A total of 2, 960 homes changed hands last month, which is an 8.2% decrease compared with 3,226 homes sold in July 2016. It is also down 24% compared with June 2017 in which 3,893 sales were registered. Last month’s sales were 0.7% above the 10- year sales average for the month of July. REBGV president Jill Oudil said demand is inconsistent across Metro Vancouver . “Pockets of the market are still receiving multiple offers , and others are not,” she said. “It depends on price, property type and location. “For example, it...

The Howard Hughes Corporation (NYSE:HHC) Q2 2017 Earnings Conference Call August 8, 2017, 10:00 AM ET Executives David Striph - Executive Vice President , Investor Relations David Weinreb - Chief Executive Officer Grant Herlitz - President David O’Reilly - Chief Financial Officer Peter Riley - General Counsel Analysts Alexander Goldfarb - Sandler O’Neill Robert Majek - CJS Securities Will Randall - Citigroup Waheed Khorsand - BWS Financial Alex Barron - Housing Research Center Steve Shaw - Compass Point Operator Good morning. And welcome to The Howard Hughes Corporation Second Quarter 2017 Earnings Conference Call . All participants will be in a listen-only mode. [ Operator Instructions ] After today’s presentation, there will be an opportunity to ask questions. [ Operator Instructions ] Please note, this event is being recorded. I would now like to turn the conference over to David Striph, Executive Vice President , Investor Relations . Please go ahead. David Striph Good morning. A...

The great room in the A1 show suite at Mark 101 in Sage Hill. Supplied / Calgary Herald A multi- family development in northwest Calgary is starting sales on a new building of bright, functional condos starting at less than $200,000. The second of three apartment- style condo buildings at the Mark 101 in Sage Hill by Nuovo by Shane Homes will be brought to market for pre- construction sales Monday . Nuovo is the multi-family arm of Shane Homes, a longtime single- family home builder in the Calgary area. Like the first building at the Mark 101, now 90 per cent sold, this building will have 67 units. Its third building will have 72 for a total of 206. The starting price is $199,900. “We have great prices and superior finishes,” says Kevin Taylor, general manager of Nuovo by Shane Homes. “People are seeing huge value.” These condos range from 600 to 947 square feet and come in one-bedroom, one-bedroom plus den, and two-bedroom orientations. “They (customers) like the great floor pla...