Condo News

 

Sixty–five condos sold in 90 minutes at presale in Squamish

 

By: Martin MacMahon

It's the latest indicator of just how much demand there is for condos in our region. A presale for a new development coming to Squamish sold all 65 of its units in an hour and a half this weekend. Developer Michael Henson with ParkHouse Squamish Ltd. says it points to the district's growing appeal. "Very recently, Squamish went through a big rebranding process and rebranded themselves as being hardwired for adventure," says Henson. "I think it's very much about a healthy, outdoor lifestyle." The majority of the units actually sold to locals; the developers point out the drive into Vancouver from Squamish is shorter than it is from many of the city's suburbs. "We really did something that was upper scale and was on par with anything you'd find in Vancouver," says Mario Gomes, also with Parkhouse. "Every unit has a fairly large balcony. Almost every unit has a large storage room or den which could be used as a wet room as well, where people come in with their gear." Price was also clearly a factor: 60 per cent of the units were priced at under ?300,000.