Kathy Stilwell

I can only wonder if everyone at Westbank http://www.westbankcorp.com/ including top man, Ian Gillespie the developer of Woodward's as well as  The Fairmont Pacific Rim are holding their breathe, and wondering what to do today. As news hits, that other Vancouver developers are reducing prices by up to 30% on presale units  to keep existing purchasers on paper.

The Woodward's development located in two towers at W-32 108 W. Cordova and W-43 128 W. Cordova  was sold at Downtown Vancouver Condo prices 2 plus years ago, when our Vancouver market was still rising with no end in site. Fast forward to March 2009, Woodward's nears completion. The  slated redevelopment of  the area and one of Vancouver's most marginalized neighborhoods is on hold, none of the other development is going ahead at this time. Sadly the area attracts many homeless, addicted people. As you walk out your front door, do you want to see someone shooting up? Do you want to feel uncomfortable going for a walk at night, when  the area really comes to life, with people high on what ever their drug of choice is...  Is Woodward's worth the $560 to $900 a square foot that Marketing genius Bob Rennie  www.rennie.com sold it for back in the day. I think not. Will these people complete..Will they be able to?

Will Woodward's appraise out. How can it, when you can buy a great  condo suite in the heart of Downtown Vancouver for under $600 a square foot. Will Ian Gillespie reduce prices by 30% following in the foot steps of other developers. What is going to happen. I guess we will see.

I have always called Downtown Vancouver the Manhattan of Vancouver. Now is the time to buy..You can great a great condo down here for a great price. Let me know if you have any questions.

Have a great day.