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Receive more information about INNOVA
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INNOVA MLS® Listings
317 402 E 3RD STREET 2 Bed, 2 Bath,784 Sqft. $1,085,000Sutton Group-West Coast Realty
217 402 E 3RD STREET 3 Bed, 3 Bath,1455 Sqft. $1,779,000Sutton Group-West Coast Realty
217 402 E 3RD STREET 3 Bed, 3 Bath,1455 Sqft. $1,779,000Sutton Group-West Coast Realty (Nearby Listing)
317 402 E 3RD STREET 2 Bed, 2 Bath,784 Sqft. $1,085,000Sutton Group-West Coast Realty (Nearby Listing)
MLS® Disclaimer for BC: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
Building Info
INNOVA - 402 East 3rd Street, North Vancouver, BC V7L 1G2, Canada. Situated at intersection of East 3rd Street and St. Davids Avenue. INNOVA is a new condo and townhouse development by Cascadia Green Development, consisting 168 beautiful units. Schduled for completion in 2023. Its a one-of-a-kind community made up of thoughtfully designed residences ranging from studios and 1, 2, and 3-bedroom homes to unique home-office units with separate lock-off spaces, to two-storey townhomes. Within walking distance of the areas top restaurants, shopping, multiple parks, the harbour, mountains, and other outdoor destinations.
The development comprised of three contemporary buildings each with panoramic harbour, city and mountainviews, urban charm and unmatched street appeal. The superior concrete and wood frame construction is sturdy and durable and ensures soundproofing and total privacy.
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.
One of the most rewarding aspects of life at Innova is how easily it adapts to your lifestyle. Looking for an exclusive space with every creature comfort - Innova’s townhouses always impress. Always on the move or prefer to spend every moment out in the city - Innova has smart, chic options ranging from studio suites to 3-bedrooms. Whatever you want from life, Innova makes it yours.
• Residence square footage ranging from 436 square feet to 1228 square feet • Optional flex space layouts available • High-end Laminate flooring throughout living areas • Carpeted bedrooms • Quartz countertops • Modern flat-panel cabinetry in kitchens and baths • Exhibit kitchens featuring Fisher Paykel Energy Star appliance suite including: • Cooktop and wall oven, Refrigerator, Dishwasher, Microwave • Laundry with heat-pump dryers in unit • Designer recessed and LED pendant lighting • Contemporary baths with frameless glass shower enclosures • Built-in hydroponic gardens in select units
Amenities
This is city living at its most enjoyable - tailor made to the way you actually live. Entertain with elegant flair. Relax in private spaces. Enjoy the best views in the city from multiple places throughout the property. Celebrate the great outdoors and the great indoors. Home has never felt so right.
• Statement architecture breezeway entrance • Chic lobby with urban ambience and designer furnishings • Rooftop terrace with dramatic views in all directions • Outdoor kitchen, grill, and lounge space • Community garden with raised beds • Children’s Play Area • Dog walk area • Resident party room • Fireplace lounge space • Full dining area • Media room for screenings, games, and more • Bike wash and secure storage area • Dog spa room • Private residents’ storage units • Resident mail-room with secure package delivery system • UV air purification in elevators • Attended lobby • Staffed front desk • Security
Restrictions
Restrictions updated:
January 2011
Construction Information
Year Built
2023
Levels
6
Construction
Concrete
Strata Information
Strata Plan #
Units in Development: 168
Units in Strata: 168
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