Another amazing project underway

Right now we have another exciting opportunity to design a house on the west side of Vancouver. This house is located on Angus drive and it has an impressive half acre lot for us to explore and design. The house will be about 9000 square feet with 6 bedrooms and 8 bathrooms. There will be an outdoor pool with an amazing 45 foot waterwall and an indoor hot tub with separate sauna and steam rooms in the basement. The overall style of this home is west coast contemporary. The owner is an avid car collector and he was very open to all new and interesting ideas that we had to offer. This will be definitely be a big project for us for the rest of 2010 and it will be exciting to watch our vision come to life.

VictorEric in the Media Again!

August has been a great month for us. In the August 12, 2010 New Local Home article, our Cliffside project was prominently featured as the cover story. This was perfect timing as the article was published right before our open house media event. Please click here to read the full article featuring our principal, Eric Lee, and the amazing home VictorEric Design Group designed and built.

Below is an excerpt from the article written by Maggie Calloway:

“Taking a holistic approach to luxury home design, the company manages everything from architectural design to interior design to the construction of the home. This approach allows VictorEric Design Group and its clientele to make all the thousands of decisions necessary in large magnitude builds, with the confidence that each decision is made with the entire project in mind.”

What if Walls Could Speak?

It’s not often that you can hear a physical space speak to you, ….but when you do, it’s an awesome experience. In our recent exclusive VictorEric Premium Homes open house event, people were telling us that the space was definitely speaking to them. They were feeling the language of design on a whole new level; A level they’ve never experienced before; A level of magnificence!

To us at VictorEric, hearing this is one of the most rewarding satisfactions of what we do. Where else do you get paid to day dream? Where else are you entrusted with designing someone’s dream home? To top it all off, we get to be a part of building it and seeing it happen brick by brick, stone by stone. When we design, we strategically layout the walls and define the space so we can guide the flow. We purposefully select the best combination of materials to evoke the right emotions. We technically select and layout the lights to create the ambiance crucial to the inhabitants. All this, in the perfect combination is the language of our design.

Some of the words that kept coming up for people as they experienced the space were:
(use bullets if you can)
- one of a kind
- magnificent
- amazing
- beautiful
- intriguing
- love the different use of textures and attention to detail
- good use of water and great positive energy flow
- feels like a resort, very relaxing
- love the spacious layout without being too open

Please click here to view a video speech from our Principal, Eric Lee for the event.

There are two million reasons for high prices in Vancouver

City’s housing affordability problem boils down to too many people on too little land

What drives Vancouver’s house prices so relentlessly to levels four times higher than Winnipeg’s, and more than half again what Torontonians pay?

It’s simple, says Tsur Somerville of UBC Centre for Urban Economics and Real Estate.

“If you want Winnipeg-level house prices here, all you have to do is tear down the mountains and fill in the ocean.”

Well, that puts slow or stop to the steady influx of people — though the massive loss of amenities if our landscape were to be suddenly levelled might do that automatically.

“Depending where you draw the circle,” Somerville says, “70 per cent of the land isn’t developable. It’s mountains or water or the United States.”

Then, on top of this insurmountable geographic limitation, add the relentless population growth that, in good years and in bad, ranges from 1.3 to 1.5 per cent a year.

Please click for the full article

Written by: Don Cayo
Date: August 21, 2010

HST a prime suspect in home-buying chill

National housing sales slowed in July, with the decline almost entirely the result of fewer sales in B.C. and Ontario, real-estate body says

As the battle over British Columbia’s harmonized sales tax moved in to the courtroom, a real estate industry association cited the HST as a prime suspect behind tumbling home sales in B.C. and Ontario.

But while some homebuyers may have timed their purchases to avoid the HST, it’s not possible to quantify how much of the downturn is a result of the tax.

“There are a number of things going on in the market right now – and the introduction of the HST is just one of them,” said Cameron Muir, chief economist with the British Columbia Real Estate Association.

Homebuyers who fuelled brisk sales earlier this year were bracing for the HST at the same time as rising interest rates and tighter lending conditions were also coming in to play, he added…

Please click for the full article

Written by: Wendy Stueck
Date: August 16, 2010

An Update on the Aldergrove Project

Back in January, Eric blogged about his experiences with a young couple looking to build a new home in Aldergrove. Now after seven months, we have completed the plans and renderings for this unique project. The owners, Kerry and Robin, had a great vision of what they wanted their home to look like and allowed us to utilize our creativity in designing the perfect space for them. They wanted a custom one level modern mansion that would fit their needs. This home sits on 138 acres of land and also comes with a warehouse-size garage measuring over 17,000 square feet! The main house itself occupies approximately 7,000 square feet of space. One of this property’s special features is the infinity swimming pool at the rear of the house overlooking a fantastic view. We have just completed the architectural drawings. We have no doubt that this will be another defining project for VictorEric once it is fully built.

An update on the West 8th project

In June, I blogged about the excavation process at our new project on West 8th Avenue in Vancouver’s West Point Grey area. Since then, most of the framing have been completed and it looks like we are on our way to a beautiful finished home in a couple of months. Ray from Kellog Dream Homes have graciously provided us with the latest pictures of the working site.

This is what the second floor looks like right now

As you can see in the picture below, the view from the second floor will be absolutely breathtaking and a great focal point for the home.

Canadian cities going green on roads and in buildings

MONTREAL — Vancouver has vowed to become the greenest city in the world by 2020. New condos in Toronto are going up without any parking spaces. Regina is doing away with one-way streets to improve public transit access in a revitalized downtown.

And in Montreal’s trendy Plateau Mont-Royal borough, Mayor Luc Ferrandez is doing his best to bring a little more country into the city.

“We’re looking at streets and asking ourselves, ‘Is it really useful’,” he said in a recent interview. “We’ve identified about 20 streets that are not useful, that can be taken out and retransformed into green spaces.”

Concerns about the environment have topped opinion polls for the last five to 10 years, says Pascoal Gomes, a spokesman for Montreal’s Urban Ecology Centre.

But in ever-increasing numbers, people — and cities — are acting on those concerns…

Please click for the full article

Posted by: The Canadian Press
Date: August 15, 2010

Why I wouldn’t mind being a first-time buyer right now

Buyer’s market improves opportunities at bottom of ladder; HST threshold unlikely to create stumbling block for real estate newbies

Real estate pundits are starting to announce -albeit somewhat apologetically, in some cases -that the Metro Vancouver real estate market is now leaning away from sellers in favour of buyers.

Hey, there’s nothing wrong with a buyer’s market. If market balance and sharper pricing allow more folks to climb on to the property ladder, bring it on. And history teaches us market conditions in Lotus Land-by-the-Sea can shift quickly. The buyer’s market might be short-lived, a summer fling.

I have also noticed that real estate organizations believe the HST has caused some confusion among homebuyers, perhaps stalling their purchase decisions. These organizations want consumers to know there is no HST on resale homes. Hmm, I wonder if this messaging, given the increase in listings, is aimed at steering buyers to resale homes. That tactic would be way too obvious, wouldn’t it?

That would be like me promoting, say, the many benefits of a brand new home: superior design and leading-edge technology, enhanced building and fire codes, energy-efficiency upgrades, health-related features, competitive pricing and the strongest warranty in North America. I would never do that…

Written by: Peter Simpson
Date: August 14, 2010

Drug lords, foreigners or fat-cat seniors: Who really drives B.C. house prices?

It’s the number of highly paid civil servants, according to one anonymous commenter on this blog, who are driving Lower Mainland house prices into the stratosphere.

While there’s no question a healthy economy — and I suppose high pay in any sector is a reflection of that — boosts prices, a lot more readers think it’s the marijuana grow-ops that are pushing prices up. Or, more broadly, the high property prices are a byproduct whole “industry” of organized crime — drugs plus associated activities like money-laundering or perhaps even the sex trade.

Of course, there are always the old stand-bys — non-resident foreigners and/or home-grown investors who see the consistently escalating price of Vancouver real estate as either a great long-term investment, or an opportunity to make big bucks with a quick flip…

Please click for the full article

Written by: Don Cayo
Date: August 9, 2010