[Surrey] Park Avenue | 124m & 118m | 36 & 40 Floors | Complete

[cornholio]

"This is the downtown of Surrey and most of the buyers I talked to believe that prices in Central City are going to close the gap with downtown Vancouver," Good said in an interview.

Good luck waiting 50+ years when the supply of available land is finally exhausted and demand can really be higher then supply. At the moment its all artificial, it will change and keep dreaming if you think the developers will be organized enough to keep demand artificially higher then supply. Condo prices in downtown Vancouver have a chance of weathering the coming storm but condos in the suburbs are going to get royally f*$&#d, I really don't want to get in to the details of why but many of you should know why already.

[twoNeurons]

I was considering buying into Surrey a year ago, but decided against it. It just doesn't seem like a wise time to invest, unless you've got something to sell at these prices first.

[MolsonExport]

Amazing stuff for my old stomping grounds. I worked for years on East Whalley Ring Road. The area was quite dilapidated back in those days (mid 90's).

[vanman]

According to an ad in New Home buyers guide:

"SOLD OUT! The biggest weekend sell-out in Canadian history.900 homes sold in 30 hours."

I'm guessing that a significant amount of the buyers are investors but still it's pretty insane.

[SpongeG]

when they (TV news) interview people waiting in line its usually people "afraid" of being priced out so they rush to buy now while they can still afford it

what they don't seem to klnow is there are so many older and probably bigger condos in surrey priced better

but i guess they want all sparkly and new

[SpongeG]

Cora is coming on - drove by the other night - the bedrooms are so tiny - they look about the size of a car

lucky if people can get a bed in there

[cc85]

look to see density near king george station to hit the 50 floor mark

[Lead]

Originally Posted by cc85

look to see density near king george station to hit the 50 floor mark

Say what?

[vanman]

^That wouldn't surprise me.

[LeftCoaster]

Excuse my ignorance but what kind of height restrictions if any are there in Surrey? Are they actual height restrictions or is it primarily based on FSR?

[Canadian Mind]

Don't think there is any.

[raggedy13]

From what I can recall when that 80 storey tower was 'proposed', there wasn't any mention in the media about there being any height limits that would be a barrier to it becoming a reality. The only issue I could recall was that Surrey has (had?) some sort of policy in place that required developments to have a certain setback from the street proportional by some factor of its height, meaning the taller the tower, the greater the setback so a 900 ft tower would have to be set back 100ft from the road on all sides of the block or something ridiculous like that.

I'm not quite sure on the details but I know it was some sort of policy along those lines. All it would've required was some sort of amendment to their development policies though. I'm sure the issue has been fixed with all the highrises going up now though.

Anybody know/recall anything about this?

[raggedy13]

Originally Posted by cc85

look to see density near king george station to hit the 50 floor mark

Is this based on known information or just speculation? Either way I wouldn't be surprised by this at all. It didn't take Surrey very long to reach the 40 floor mark (at least as far as approved projects go). And how long has Vancouver had 40+ storey buildings for? Well, including the Empire Landmark (built in '73), One Wall Centre was only the second 40+ storey tower built and it has only been around for about 6 years. And as for 40+ storey condo-only towers, Vancouver only just got its first finished this year - The Melville (though of course a handful more are currently under construction).

[vanman]

Hopefully Surrey builds the tallest residential (only) tower in Metro Vancouver, then maybe it would cause some healthy competition between Central City and downtown.

[cc85]

lets just say it's not speculation; nothing formal yet.

there is no height limit in the city centre.

[vanman]

Wow! Well with 900 units selling in just 30 hours the developer of sky towers could have technically sold out a 76 story condo tower so 50 stories sounds reasonable. Plus imagine all the media attention there would be on the tallest residential tower in Vancouver (and presumably western Canada).

[Canadian Mind]

Originally Posted by vanman

Hopefully Surrey builds the tallest residential (only) tower in Metro Vancouver, then maybe it would cause some healthy competition between Central City and downtown.

Downtown doesn't have the balls.

[vanman]

^I know. That's why they'll have to be shamed by Surrey into building taller.

[jlousa]

*l* Surrey can build whatever they want, Vancouver won't get shamed into anything, Those old enougth to remember the Telus boot will know what I'm talking about. I'm a real estate bull obviously, but I'm not so sure all these Surrey projects that are already in the works will see completion let alone any major new ones.

[LeftCoaster]

Really? I would think the continuing errosion of affordability near and in the downtown core would only lead to a continued boom in the suburbs... especially in an underdeveloped transit corridor like Surrey City Centre.

And yes I dont think the CoV gives two shits about what happens in Surrey height wise.