Aside from the words “sold for $100,000 over asking”, nothing makes the real estate junky salivate quite like the term “one day sell-out” – a term that’s thrown around when pre-sale marketing leads to people lining up around the block like West Side families trying to get their kids into French immersion. (Urban legend has it that many of these people risking nerve damage from standing on their feet for hours on end are not, in fact, actual condo purchasers, but are paid by investors who then take their place in line when it’s time to enter the building and sign the contract to purchase).
Well, Intracorp’s pre-sale of their new property at Cambie and Marine didn’t quite sell out; but it far exceeded expectations according to real estate marketer Bob Rennie.
347 out of a total of 443 homes sold on opening weekend, which is certainly respectable given the high amount of inventory on the resale market. Similar to projects around transit nodes like Brentwood and Metrotown, Intracorp MC² project seeks to capitalize on its location close to the Canada Line SkyTrain station.
“We hoped to sell 60 per cent in our opening weekend of sales and exceeded that goal already, with nearly 80 per cent sold and just 96 homes left,” said Rennie, principal of Rennie Marketing Systems. “This weekend’s strong sales are a clear sign that when developers build for and identify today’s consumers’ needs and purchasing ability – close to amenities, transit and bike routes – the Metro Vancouver homebuyer is very strong.”
One and two bedrooms are still available at MC² starting at $259,000, with 40 homes under $299,000. “Over half of the 443 homes are affordable to buyers with an income of $60,000 a year," said Rennie. "It has to be convenient for commuters, and it has to be affordable. And MC² has both."
The presentation centre at MC² is located at 8160 Cambie Street (at Marine Drive) in Vancouver, and is open daily from 12 noon to 5 pm (closed Friday or by appointment only).
For more information, visit http://intracorp.ca/mc2living/.