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cannot interfere. If you choose to work with our area specialist instead, please click “NO” and continue with the request form. Change answer to "No" I am not working with a realtor
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Gravity on Eight MLS® Listings
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Building Info
Gravity on Eight - 2062 E 8th Ave, Vancouver, BC V5N 1V2, Canada. Situated East 8th Avenue and Lakewood Drive in the neigbourhood of Grandview-Vancouver East. Gravity on Eight is a new townhouse development by Maven Homes. The development is scheduled for completion in 2022. Consist of 3 beautiful units, 3 levels and sizes range from 1063 to 1458 square feet. Enjoy these spectacular homes, each with private outdoor space and access to an inviting social center anchored by the quintessential back yard apple tree. Designed by Architrix Design Studio, feature open living spaces, spacious dining rooms, and private outdoor spaces. Award-winning Marrimor Interiors has created elegant living spaces by employing high quality materials, complimented by custom millwork, premium Fischer & Paykel appliances, ANDlight feature lighting, and Riobel fixtures. Each home includes full-height underground storage, a dedicated parking stall with EV charging capability, and secure bicycle storage.
Official Website: discovergravity.ca Phone: 604-351-1243 Strata Sub Categories: Strata Townhouses
Vancouver council open to increasing slots, table games at existing casinos
Vancouver city council voted this week to allow for applications to increase the number of slot machines and tables at the city’s two casinos, on the condition they be accompanied by an assessment of their social and economic impacts.
The request to amend the city’s 2011 gambling moratorium was made by the B.C. Lottery Corp., which told council the city’s population has increased 22 per cent in the past decade and that the amendment is a first step to allow BCLC to look at ways of expanding its two existing facilities — the Parq casino in Yaletown and Hastings Racecourse in East Vancouver — rather than building more casinos.
The city has contributed more than $172 million to non-market housing in the form of land
The City of Burnaby has a total of 1,040 non-market housing units, including rentals and co-ops, just built or in development on its land, according to a new city report, and there’s more on the way.
The city lands program for non-market housing, which was adopted in 2015, leases city-owned lands at a nominal rate to non-profit housing providers through a public request for proposals (RFP) process.
The city has contributed about $172.44 million as part of the program, including land, grants and on-and-off-site works, according to the report which accounts for 11 projects that recently completed or were in progress as of March 2024.
The assessed value of the land makes up more than $120 million of that $172-million total contribution for the 11 projects.
Household Financial Health and Housing Market Trends
According to the March 2024 Edge Report, current trends in debt service ratios and net worth may indicate areas of concern. The prevalence of static payment variable rate mortgages, household debt-to-GDP ratios, and Canada’s heavy reliance on real estate assets, may raise concerns about resilience.
In Q4 of 2023, debt servicing costs stayed stable, with the household debt service ratio holding steady at 15%. This ratio, which reflects the portion of disposable income allocated to debt repayment, remains significantly high, at levels not seen since 1990. A minor adjustment downwards from the previously reported peak of 15.2% in Q3 should be noted, however.
The federal government’s new Housing Plan, announced on April 12, 2024 and supported by Budget 2024, introduced a provision aimed at helping renters build credit by integrating rent payments into credit histories. It proposes amendments to the Mortgage Charter, encouraging collaboration among fintech companies, credit bureaus, and lenders to include rental payment data in credit scores.
The government calls on these agencies to create an ecosystem where renters can choose to include their rental payment history in their credit scores. It also expects lenders to prioritize comprehensive credit information, including rental payment history, in credit evaluations whenever feasible.
Federal Budget 2024: What are the proposed capital gains tax changes and how might they affect me?
The capital gains tax inclusion rate – today and tomorrow
Today, only 50% of the capital gain is taxable (this is known as the capital gains tax inclusion rate). This means that $50,000 of the $100,000 earned from the sale of the cottage in our example is added as income for that tax year.
Here’s an example:
Your regular income, earned from your full-time job, is $75,000
You make a $100,000 profit from the sale of your cottage (after you pay real estate fees, closing costs, etc.)
50% of the profit is taxable, which means you add $50,000 to your income during the tax year in which you realized this capital gain
$75,000 + $50,000 = a total income for that tax year of $125,000
The amount of tax you ultimately pay in that year will depend on your tax bracket and its marginal tax rate.
A modern, spacious front duplex residence with open-concept main floor featuring a stunning built-in dining banquet and three luxurious bedrooms on the upper floors.
Practical floor plan: • Open concept main floor with nine-foot ceilings and a spectacular built-in dining banquet feature. • Living room extended by full-width, spacious front-porch connected to a private front yard. • Second floor featuring two large bedrooms and luxurious bathroom. • Third-floor primary bedroom retreat with flex space and double ensuite, large reach-in closet space and a north-facing covered deck.
Chefs kitchen with no compromises: • Anchored by built-in dining banquet large enough to seat eight. • Custom millwork by local cabinet maker featuring full-height cabinetry and no visible hardware. • Walk-in pantry. • Fisher and Paykel appliances with a fully integrated (paneled) 36” fridge, 30” self cleaning wall oven and low profile 30” gas range. • Fully integrated (paneled) Bosch dishwasher. • Authentic Caesarstone quartz countertops and feature tile backsplash.
Three outdoor spaces and dedicated parking and storage: • Oversized, front-porch off the main living area. • Private front-yard overlooking a beautiful streetscape and Japanese maple tree. • Covered patio off third-floor primary bedroom with potential views to the northshore mountains. • Dedicated parking space with electric car charging capability. • Bicycle storage in rear accessory building and full-height, underground storage area
Energy efficient and durable building: • Energy star windows by local company Vinyltek with a limited lifetime manufacturer’s warranty. • Fully rain screened, low maintenance exterior with custom metal architectural details and concrete composite siding (Hardishingle). • Incredible comfort with radiant in floor heating, heat recovery ventilator for fresh air and high-efficiency on-demand hot water system. • Exceptional attention to sound-proofing details in shared walls. • 2-5-10 warranty provided by WBI home warranty.
Smart home: • Smart-phone connected video intercom system. • Smart thermostats by nest home. • All rooms pre-wired for tv/cable/internet to a central smart panel for future expansion. • Pre-wire for camera at front entry and rear storage area. • Pre-wire for alarm system with motion detection, door and window sensors in both house and accessory bike storage. • Optional whole-home audio system ready for Sonos.
Exceptional, high-quality details: • High-quality, modern finishes by award winning Marrimor interiors. • Stunning wide-plank, white oak engineered hardwood flooring. • Black window frames inside and outside. • Plumbing hardware featuring luxury, local brand Riobel. • Feature lighting from Vancouver’s ANDlight (spotlight series). • Authentic Caesarstone quartz countertops (kitchen). • Modern, floating vanities in spa-like bathrooms.
An experienced, award-winning team: • Stunning architecture by Architrix design studio. • Exceptional, modern interiors by Marrimor homes. • Quality built by trusted WLK homes.
2064 e 8th Avenue | Rear Duplex
A modern, spacious rear duplex residence with a spacious, open-concept main floor and three bedrooms together on the second level plus a spectacular, private roof deck.
Practical floor plan: • Uncommonly large, open concept main floor with nine-foot ceilings and space fora large dining table and family-size sectional sofa. • Main floor flex space with built-in desk or optional bar. • Nine-foot wide multi-slide patio door leading to a full width, south facing rear patio with gas barbeque connection. • Second floor featuring all three well-sized bedrooms, two bathrooms and ninefoot ceilings. • Primary bedroom retreat with a large walk-in closet, a spa-like master ensuite with double sink vanity and a luxurious curbless shower.
Chef’s kitchen with no compromises: • Anchored by an eight-foot island with bar seating for four. • Custom millwork by local cabinet maker featuring full height cabinetry with novisible hardware. • Walk-in pantry. • Fisher and Paykel appliances with fully integrated (paneled) 36” fridge, 30” self cleaning wall oven and low profile 30” gas range. • Fully integrated (paneled) Bosch dishwasher. • Authentic Caesarstone quartz countertops and feature tile backsplash
Three outdoor spaces and dedicated parking and storage: • Oversized, south facing private roof top deck (17 x 20) with firepit and barbeque connection, water line and optional outdoor speakers. • Dedicated south facing gardening area adjacent to a beautiful common seating area and apple tree feature. • A full-width patio with a nine-foot-wide multi-slide door and planter box privacy feature. • Dedicated parking space with electric car charging capability. • Bicycle storage in rear accessory building and full-height underground storage
Energy efficient and durable building: • Energy star windows by local company Vinyltek with a limited lifetime manufacturer’s warranty. • Fully rain screened, low maintenance exterior with custom metal architectural details and concrete composite siding (Hardishingle). • Incredible comfort with radiant in floor heating, heat recovery ventilator for fresh air and high-efficiency on-demand hot water system. • Exceptional attention to sound-proofing details in shared walls. • 2-5-10 warranty provided by WBI home warranty.
Smart home: • Smart-phone connected video intercom system. • Smart thermostats by nest home. • All rooms pre-wired for tv/cable/internet to a central smart panel for future expansion. • Pre-wire for camera at front entry and rear storage area. • Pre-wire for alarm system with motion detection, door and window sensors in both house and accessory bike storage. • Optional whole-home audio system ready for Sonos.
Exceptional, high-quality details: • High-quality, modern finishes by award winning Marrimor interiors. • Stunning wide-plank, white oak engineered hardwood flooring. • Black window frames inside and outside. • Plumbing hardware featuring luxury, local brand Riobel. • Feature lighting from Vancouver’s ANDlight (spotlight series). • Authentic Caesarstone quartz countertops (kitchen). • Modern, floating vanities in spa-like bathrooms.
An experienced, award-winning team: • Stunning architecture by Architrix design studio. • Exceptional, modern interiors by Marrimor homes. • Quality built by trusted WLK homes.
2066 e 8th Avenue | Garden Unit
A modern, spacious single-level garden suite with open-concept great-room and built-in dining area with 9’ wide multi-slide patio leading to a private, south facing rear-yard. Brought to you by an award winning team and with exceptional attention to detail in design and construction.
Practical floor plan: • Well-designed floorplan with two large bedrooms, two bathrooms and a southfacing living/dining room opening to a private, south facing yard. • Dedicated flex space for a home office. • Luxurious primary bedroom retreat with featuring a spacious spa-like ensuite and large walk-in closet.
Chefs kitchen with no compromises: • Featuring a built-in dining area extending off the spectacular kitchen island. • Custom, full-height millwork by a local cabinet maker with no visible hardware. • Fisher and Paykel appliances with a fully integrated (paneled) 32” fridge, 30” self cleaning wall oven and low profile 30” gas range. • Fully integrated (paneled) Bosch dishwasher. • Authentic Caesarstone quartz countertops and feature tile backsplash.
Dedicated south-facing yard, parking and storage: • Nine-foot wide multi-slide patio door leading to a large, private south facing rear yard. • Dedicated parking space with electric car charging capability. • Bicycle storage in rear accessory building and full-height, underground storage area.
Energy efficient and durable building: • Energy star windows by local company Vinyltek with a limited lifetime manufacturer’s warranty. • Fully rain screened, low maintenance exterior with custom metal architectural details and concrete composite siding (Hardishingle). • Incredible comfort with radiant in floor heating, heat recovery ventilator for fresh air and high-efficiency on-demand hot water system. • Exceptional attention to sound-proofing details in shared walls. • 2-5-10 warranty provided by WBI home warranty.
Smart home: • Smart-phone connected video intercom system. • Smart thermostats by nest home. • All rooms pre-wired for tv/cable/internet to a central smart panel for future expansion. • Pre-wire for camera at front entry and rear storage area. • Pre-wire for alarm system with motion detection, door and window sensors in both house and accessory bike storage.
Exceptional, high-quality details: • High-quality, modern finishes by award winning Marrimor interiors. • Stunning wide-plank, white oak engineered hardwood flooring. • Black window frames inside and outside. • Plumbing hardware featuring luxury, local brand Riobel. • Feature lighting from Vancouver’s ANDlight (spotlight series). • Authentic Caesarstone quartz countertops (kitchen). • Modern, floating vanities in spa-like bathrooms.
An experienced, award-winning team: • Stunning architecture by Architrix design studio. • Exceptional, modern interiors by Marrimor homes. • Quality built by trusted WLK homes.
Restrictions
Restrictions updated:
January 2011
Construction Information
Year Built
2022
Levels
3
Construction
Frame - Wood
Strata Information
Strata Plan #
Units in Development: 3
Units in Strata: 3
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