About Coal Harbour, Vancouver
Coal Harbour is Vancouver's premier waterfront district — a reclaimed former industrial zone transformed into Canada's most expensive residential address, combining Stanley Park views, North Shore mountain panoramas, and Burrard Inlet harbour access. The concentration of ultra-luxury buildings (The Fairmont Pacific Rim Residences, One Pacific, Shangri-La) has created an international-quality enclave that competes with Miami and Sydney for Pacific Rim foreign buyer appeal. Vancouver's proximity to the US border (2.5 hours to Seattle), Asia-Pacific flight connections from YVR, and world-class university ecosystem continue to draw global talent.
About Rosewood Hotel Group
Rosewood Hotels is a Texas-based ultra-luxury hotel group owned by Cheng Yu-tung's New World Development, operating 30 hotels globally including Rosewood London, Rosewood Hong Kong, and Las Ventanas al Paraíso. The Rosewood Residences brand associates private ownership with the group's 'A Sense of Place' hospitality philosophy — deeply local in design sensibility while globally consistent in service standard. The Vancouver project is Rosewood's first Canadian residential launch.
Project Overview
Rosewood Residences Vancouver is a 28-storey tower of 75 residences on West Cordova Street, adjacent to the Rosewood Hotel Georgia (a 1927 heritage property the group manages). The project is designed by Musson Cattell Mackey Architects with landscape by PWL Partnership, delivering residents access to the Hotel Georgia's culinary offering, spa, and event spaces. Coal Harbour's seawall promenade passes 50m from the front entrance.
- Rosewood Hotel Georgia access — spa, Hawksworth Restaurant, and historic ballroom
- Coal Harbour seawall promenade at doorstep; Stanley Park 400m
- Private yacht mooring rights in Coal Harbour Marina for residents (subject to berth availability)
- Concierge, valet, and 24-hour doorman from opening
- Ski concierge — Whistler Blackcomb day-trip packages arranged through hotel
- Rosewood's curated residences programme — art, gastronomy, and wellness events monthly
Unit Types & Configuration
- 2 Bedroom — 1,200–1,600 sq ft
- 3 Bedroom — 1,900–2,500 sq ft with full harbour view
- 4 Bedroom — 3,200–4,100 sq ft
- Penthouse (5 bed) — 7,800 sq ft across top two floors with 360° terrace
Pricing
Two-bedroom residences from CAD 2.8 million (approximately USD 2.1 million). Three-bedroom from CAD 4.5 million. Four-bedroom from CAD 7.2 million. Penthouse priced at approximately CAD 22 million. Canada's Foreign Buyer Ban (effective since 2023) restricts non-Canadians and non-PR holders from purchasing residential property — eligibility must be verified before proceeding. BC PTT (Property Transfer Tax) of 3% on value above CAD 3 million applies.
Investment Verdict
Positives:
- Coal Harbour has the most consistent luxury rental demand of any Canadian market — diplomats, executives, and visiting tech leaders all seek this postcode
- Canada's immigration stream is one of the world's most predictable; population growth structurally supports Vancouver housing demand
- Canadian dollar pricing makes this a relative value play for USD, EUR, and GBP buyers at current exchange rates
Watch Points:
- Foreign Buyer Ban (2023) materially restricts non-Canadian buyers; check eligibility carefully
- Vancouver Speculation and Vacancy Tax (SVT) of 2% of assessed value applies to non-BC residents who leave units vacant
- BC's capital gains inclusion rate changes may reduce after-tax returns relative to earlier calculations