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Why Own When You Can Rent?

Posted by on Monday, January 26, 2015

Home ownership is replete with responsibilities.  Some of them more obvious, such as mortgage fees and property taxes, while some come as inconvenient surprises for those of us used to enjoying manicured landscaping year-round and access to service and maintenance 24/7.

In Vancouver, a city consistently ranked in the top ten most desirable places in the world to live, the price of home ownership has long been out of reach for most people.  Recent data from the Real Estate Board of Greater Vancouver indicates that the benchmark price for all property types in the region (condos, townhomes, and detached houses) ended 2014 at $638,500.  The average price for single-family detached homes alone has just surpassed $1 million.  It comes as no surprise then, that Vancouver has the 2nd least affordable housing market in the world second only to Hong Kong.  Yikes!

But fear not.  Renting a quality apartment is a clever option for the savvy investor.  Property values do increase over time, but so does money well invested.  Even those who can afford to buy a home in Metro Vancouver (or any other major Canadian city such as Toronto, Calgary or Ottawa for that matter), often opt to rent for a variety of reasons.  Here are a few benefits of renting versus owning to consider:

Cost.  Recent data from the CMHC indicates that it is 35% less expensive to rent a one bedroom in Downtown Vancouver than it is to own the same space.  That jumps to a 53% difference in favour of renting versus owning for a 2 bedroom apartment.  Statistics Canada also reports that homeowners spend an average of $58,000/year on household expenses whereas renters spend only $32,000.

Flexibility.  Beyond the standard one year lease agreement, renters are free to move around.  There are no decade-long mortgages tying you down with a rental.  Need to re-locate for a job, love or simply looking for change? The options are endless.

Transparency (no hidden surprises).  Your monthly rent payment is a lump sum that includes suite maintenance, property taxes, building infrastructure upkeep, 24 hour service and support and more.  In addition to strapping mortgage payments, owning a house or condo comes with strata fees, special assessments, property taxes, roof replacements, boiler upgrades and many other unforeseen expenses with which to reconcile.

Service.  Hollyburn buildings have live-in resident managers as well as a professional maintenance team, landscaping team and head-office administrative support to assist you wherever possible.

Community.  There is something to be said for living in a multi-family environment.  There are always friends to be made, neighbours around and opportunities to interact with the people in your building and to give back to the community.  It brings comfort and peace of mind.

Security.  All Hollyburn residents are screened during their tenancy application.  There are protocols in place to ensure a safe, quiet and respectful living environment is maintained.  Planning a vacation but worried about leaving your place unattended? You can always count on your building manager to help out in the event of an emergency.

Convinced?  Check out Hollyburn’s current rental availabilities in Vancouver, Toronto, Calgary and Ottawa and join the community!

Spreading Holiday Cheer at Gordon Neighbourhood House

Posted by on Friday, January 02, 2015

Gordon Neighbourhood House (GNH) is a non-profit organization located in the heart of Vancouver’s West End that has served as a community hub since 1942.  GNH offers a wide range of services and programs to people in the surrounding community, including legal advice, StayFit After 50 classes, language services, senior, family and youth programs and much more.

Hollyburn began a partnership with GNH last summer.  We provide community garden space at Crystal Court, an apartment building in downtown Vancouver, while our expert landscaping team built six 3.5ft by 12ft raised wooden garden containers.

Fast forward to December, often the time of year to think about family, community and charitableness, and to celebrate the spirit of giving by making a difference in one’s community.  As a significant rental housing provider, Hollyburn makes tremendous efforts to contribute positively to the communities we are lucky to be a part of.  For the second year running, Hollyburn’s Head Office staff in Vancouver have dedicated a day in December to volunteer (check out our team at the Salvation Army, or the Toronto Office at the Scott Mission). 

This December we were proud to be able to put on a senior’s Holiday Lunch for a group of 120 guests at GNH.  This was a special event, as many of the seniors are isolated and live alone.  The senior’s lunch provided a complimentary full turkey meal, an opportunity to socialize, as well as several small gifts.  Hollyburn sponsored the meal, and our generous employees volunteered their time for event set-up, tear-down, serving, mingling and gift-giving.  Two groups of children from Lord Roberts Elementary school sang Christmas carols, and homemade stockings filled with cards and treats were distributed to all.

Thank you, Gordon Neighbourhood House, for allowing us to participate in the great work that takes place here year-round!  We'll be back next year!

Happy New Years Eve!

Posted by on Wednesday, December 31, 2014

Happy New Years Eve everyone!

Have fun tonight and make sure to plan a safe ride home! 
Transit options:

Vancouver buses, seabus & skytrain are FREE from 5pm tonight to 5am on Jan. 1st. Extended services & 1-zone tickets valid all day on NY day. 
- Toronto offers FREE rides on the TTC as of 10pm tonight. Subway lines & many routes extended to 4am.
- Ottawa has FREE transit rides on OCTranspo & ParaTranspo after 8pm tonight.
- Calgary CTrain will run every 15 mins, last train leaving downtown at 3am. Regular fares apply.

All the best for a happy, healthy and successful 2015! From your Hollyburn Properties Management Team.

Scouts Canada Christmas Tree Chip-Up

Posted by on Friday, December 26, 2014

It’s the day after Christmas, have you thought about where to recycle your tree yet? Scouts Canada hosts an annual Christmas Tree Chip-Up event as a fundraiser for the many educational and leadership programs they offer to youth.

This year and last, Hollyburn has hosted the tree chip up in the commercial lot of our building Hollyburn Plaza, in West Vancouver.  Chip your tree and support the Scouts! All donations graciously accepted.

Date: Saturday Jan. 4th & Sunday Jan. 5th

Time: 10am-4pm

As a bonus, several of the businesses at Hollyburn Plaza are offering up coupons or discounts for those who chip their tree at the Scouts lot:

Clean your house for the New Year, support your community and get great deals– all in the same day!

Calgary Winter Move-In Promo

Posted by on Thursday, December 11, 2014

Making the move to Calgary soon?  You’re not alone –77 people migrate to the Stampede capital per day, according to the City’s 2014 Civic Census Results.  And rightly so, as the Calgary economy is booming and the opportunities here are irrefutable.  It also happens to be the sunniest city in Canada.  Bonus!

If you’re looking for rental accommodation in Calgary right now, we have a limited time offer that you don’t want to miss.  On special from December 15th – January 15th, for all 6 Hollyburn buildings Calgary-wide, is a…

Winter Move-In Promo!


  • Up to 50% off 1st month’s rent!
  • AND/OR 3 months free parking

Already a happy Hollyburn tenant?  We’ve also increased the Resident Referral Incentive to $100 off your next month’s rent.  Refer a friend, get them set up in a quality rental apartment, AND make some extra cash during the holidays.  It’s a no-brainer!


Prince's Island Place, 815 4th Ave, S.W.
Phone #: 403.265.0100

Queenswood House, 725 15th Ave S.W.
Phone #: 403.460.0131

Haworth Estates, 117 14th Ave S.W.

Hillcrest Manor, 1711 25th Ave S.W.

Park Royal Plaza, 1305 15th Ave S.W.

Stratton Oaks, 813 13th Ave, S.W.

Promo applies to select suites only, please contact each building Resident Manager for details.

Covenant House Christmas Backpack Program - 2014

Posted by on Friday, December 05, 2014

Every year since 2002, Hollyburn has supported our charity partner Covenant House in providing backpacks full of new clothing, hygiene items and gifts during the holiday season to distribute to youth in need.  This program is one of several tremendous engagement opportunities our residents have access to throughout the year to participate in a charity initiative and spread goodwill.  Each and every year we are humbled and amazed at the generosity of the Hollyburn community. (Check out the contributions from last year!)

Please consider donating a small gift item from Covenant House’s wish list below.  Donation bins can be found in each Hollyburn lobby in Vancouver and Toronto.  Your contributions make a world of difference in the lives of homeless youth.

With thanks,

The Hollyburn Properties Management Team

Rare Opportunity! Toronto Penthouse Available

Posted by on Friday, November 21, 2014

Are you a discerning renter in the Toronto market looking for a truly unique apartment?  This could be your dream home.  Hollyburn Properties currently has 3 exceptional suites available, and these ones won’t last long!

Forest Hill Residences – 780 Eglinton Avenue West, Toronto

The first unit available is the stunning two bedroom penthouse suite at Forest Hill Residences, located at the corner of Eglinton Avenue West and Old Forest Hill Road in one of Toronto’s most prestigious and upscale neighbourhoods.  The penthouse is the epitome of a luxury rental, complete with in-suite laundry and Hollyburn’s latest renovation fixures, finishes and appliances.  The most exceptional feature, however, is no doubt the massive wraparound balcony, with incredible views of downtown and Lake Ontario.


  • Penthouse 2BD
  • 2 bathroom
  • $2700/month
  • 1460 sq. ft.
  • Available Now

  • Wood floors
  • Granite counters
  • Dishwasher
  • Mirror closet doors
  • Fully renovated kitchen and bathroom

  • Wrap-around balcony
  • Amazing view of downtown and Lake Ontario
  • In-suite laundry
  • Stainless steel appliances

  • Surface and indoor parking
  • On site professional management
  • Easy access to transit and subway
  • Call now to view!

And guess what?  For a limited time we’re offering 1 MONTH FREE RENT!

The Rosedale – 10 Lamport Avenue, Toronto

The second available suite is a beautiful 2 bedroom at the Rosedale, ideally located on a prestigious tree-lined residential street yet with direct access to several transit routes in the heart of South Rosedale.  Rosedale is a hub for retail and recreational activity, acclaimed for its top rated schools, beautiful parks and streets and abundant amenities.


  • 2BD
  • 2 bathroom (1 ensuite)
  • $2800
  • 1160 sqft.
  • Available Now

  • Wood floors
  • Granite counters
  • Dishwasher
  • Mirror closet doors
  • Fully renovated kitchen and bathroom
  • Balcony

  • Fireplace
  • Air conditioning unit installed (hydro separate)
  • Amazing view over Yellow Creek Forest
  • In-suite laundry
  • In-suite storage
  • Stainless steel and black appliances

  • 24/7 laundry facility in building
  • Surface and indoor parking
  • On site professional management
  • Heat and hot water included
  • Easy access to transit and subway
  • Call now to view!

587 Avenue – 587 Avenue Road, Toronto

The third and final rental apartment available is a fully renovated one bedroom conveniently located next to the St. Clair subway station at 587 Avenue Road in Toronto. The unit is spacious and bright, with impressive10ft ceilings and individually controlled European style air conditioning.  Check it out!


  • 1BD
  • 1 bathroom
  • $1550
  • 500+ sqft.
  • Available Now

  • Wood floors
  • Dishwasher
  • Mirror closet doors
  • Fully renovated kitchen and bathroom
  • Heat and hot water included
  • Easy access to transit and subway
  • Call now to view!

And guess what?  For a limited time, the FIRST MONTH IS FREE!

For more pictures, floor plans and information (and the best chance of snagging your favourite), please visit each building page and call the resident manager directly.  Happy hunting!

Me, My Library, My Neighbourhood - Winter Colouring Contest

Posted by on Tuesday, November 18, 2014

Do you love to draw or colour?  Hollyburn Properties has teamed up with long-term community partner, the North Vancouver City Library, to launch an exciting series of seasonal colouring contests engaging the theme of Me – My Library – My Neighbourhood.

Did you know?  Ten years ago, Hollyburn and the City of North Van were involved in a land exchange that allowed the construction of the new library and Civic Plaza, as well as established the site of Hollyburn’s very first new rental development, M2

The colouring contest is designed to introduce M2, the neighbourhood’s new rental community on the corner of 14th and Chesterfield, to the City of North Vancouver.  Be a part of this emerging community by entering the Winter Colouring Contest, for a chance to have your artwork featured on site signage throughout project development!

Download the Winter Colouring Contest Entry Form HERE.

Winter is Coming! How to Prepare Your Apartment

Posted by on Thursday, November 13, 2014

What is "winterization," you ask?  It refers to the process of preparing something for winter and the holiday season, in this case: your rental apartment.  Hollyburn Properties goes to great lengths to train our resident managers on winterizing their buildings.  This process includes clearing all eaves and drains of leaves and debris, pruning the landscaping, storing hoses, sprinklers and garden equipment, shoveling snow, salting walkways and testing building boiler and heating systems.

As a benefit of being a renter, the majority of winterization processes are taken care of for you (phew)!  There are still, however, several tips and tricks to keep you comfortable during the colder season, and to ensure your holiday plans run as smoothly as a warm cup of eggnog.

As the holiday season approaches, many of you will be travelling or having company over to enjoy a good meal.  In order to make sure there are no last minute surprises (such as an oven or appliance not working when you need it most), please check the operation of the following appliances and systems in your home:

  •  All stove burners
  •   Oven
  •   Broiler
  •   Microwave
  •   Dishwasher
  •  Drains – sink, bathroom, guest rooms, etc.
  •  Garbage disposer
  •    Heating vents

If something requires attention, please inform your resident manager as soon as possible, so that we can respond to maintenance requests in advance of the hustle, bustle and stress of the holiday season.  This will also allow us enough time to order any parts if necessary.

As a friendly reminder, please be aware that live Christmas trees and unattended candles are not permitted in Hollyburn suites related to City fire codes.  However, artificial trees and other seasonal decorations are highly encouraged!

We would like to wish you a happy and festive holiday season and hope everyone enjoys relishing in their warm and cozy apartments as the cold winds howl outside.

Season’s Greetings,

Your Hollyburn Properties Management Team

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