I have sold a property at 622 1330 BURRARD ST in Vancouver.
Welcome to Anchor Point! Great Investment opportunity potential for RE-DEVELOPMENT in the future. Bright unit with multiple upgrades, lovely very quiet balcony with views to the inner courtyard. Convenient location with great access to transportation, two blocks away from Beach Avenue and the Vancouver Aquatic Centre. Conveniences such as shops, coffee shops, pharmacies, and banks are all within walking distance. This condo can be great rental income or live in and enjoy the roof top patio for entertaining, watching sunsets and the firework displays. Building includes shared laundry, parking (available for rent), roof top patio and lounge. Hot water and heat are included in the maintenance fee. Strata plan shows 538 sq ft. Professionally measured by KeyPlan Measuring. Buyer to verify.
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I have listed a new property at 1304 1238 BURRARD ST in Vancouver.
Excellent value 2-bedroom, 2-bathroom corner suite one floor below the penthouse at the Altadena with views to everything Vancouver has to offer! This bright home features gas fireplace, a large solarium/office, and a flex room/den. Excellent separation of bedrooms provide for an efficient layout. Next door is the exclusive Burrard Place development. PETS/RENTALS/Airbnb OK. Re-piped in 2017, and updated common areas. 1 parking, storage locker, and visitor parking. Amenities include renovated gym with steam sauna, theatre room, bike room, and lounge with outdoor patio. Located in the heart of the city & steps to all the wonderful amenities of Vancouver from Vancouver House to local beaches! 24-hour notice required. Buyer to verify all measurements. Measurements by Absolute Measuring.
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I have listed a new property at 205 15272 19 AVE in Surrey.
Wonderful White Rock location! Large 2-bedroom/2-bathroom facing beautiful Bakerview Park in a quiet cul-de-sac. No pets allowed. Rentals allowed, but max of 6 (rentals are currently maxed). No age restrictions. Very pro-active strata - building was rain screened with new cement fibre siding in 2013. New roof was completed in 2019. Great building amenities include club house with piano, hot tub and exercise center. Quick possession available. Walking distance to restaurants and shopping! Buyer to verify all measurements. Professionally beasured by Keyplan Measuring.
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Vancouver ranked #1 greenest city in the world

The city was described as "Canada’s shining jewel when it comes to recycling."
vancouver-greenest-city-world-september-2021Vancouver has been ranked the greenest city in the world for its recycling rate that increased from 40 per cent to over 60 per cent in just over a decade. 

Vancouver has been ranked the greenest city in the world due to its recycling protocol. 

BusinessWaste.co.uk, a waste management company in the United Kingdom, ranked the world's greenest cities according to their recycling habits. Cities with the best protocol made the top 15 list, while those who don’t make the grade were ranked in the bottom five. 

Report authors note that most people are "aware of what can and cannot be given a new lease of life through the recycling process" but that some cities have created innovative ways to reduce waste. 

 

"Countries the world over are tackling waste in innovative and interesting ways, but many lag behind," said Mark Hall, founder of BusinessWaste.co.uk.

“The challenge over the next decade will be bringing all cities to a standard where waste reduction is made part of policy, not merely a target to let slide by – and in the meantime technology and science continue to innovate to make our collective impact on the planet less harmful."

Vancouver was awarded the top honour of the "greenest city" in the world.  The city was described as "Canada’s shining jewel when it comes to recycling" and praised for increasing its recycling rate from 40 per cent to over 60 per cent in just over a decade. 

Singapore City followed Vancouver in second,  with report authors noting that the South Asian metropolis generates "an impressively small amount of landfill waste per person each year."

Copenhagen came third and was lauded for its impressive 70 per cent recycling rate and accessible "door-to-door collections." 

On the other end of the spectrum, Mexico City was ranked the world's worst city for recycling. Report authors write: "The city closed its largest landfill site, where over 70 million tonnes of waste are already buried and causing environmental problems, almost a decade ago, leading to illegal dumping grounds forming and streets piled high with waste."

The Top 15 greenest cities in the world

  1. Vancouver
  2. Singapore City
  3. Copenhagen
  4. Helsinki
  5. Curitiba
  6. Delhi
  7. Los Angeles
  8. Leeds
  9. Vienna 
  10. Stockholm
  11. Seattle 
  12. Songdo
  13. Kamikatsu
  14. Ekilstuna
  15. San Francisco

The 5 least green cities in the world

  1. Mexico City
  2. Beijing
  3. Kolkata
  4. New York
  5. Kuwait
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David Hutchinson PREC*
Sutton Group-West Coast Realty
18 Listings
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1304-1238 Burrard Street, Vancouver, BC, V6Z 3E1
1304 1238 Burrard Street
  • Downtown West
  •  
  • Vancouver
  • 2 bd
  • 2 ba
  • 877 sf
David Hutchinson PREC*Sutton Group-West Coast Realty
 
2558 William Street, Vancouver, BC, V5K 2Y4
2558 William Street
  • Renfrew
  •  
  • Vancouver
  • 4 bd
  • 2 ba
  • 2021 sf
  • 33 x 108 ft
David Hutchinson PREC*Sutton Group-West Coast Realty
 
205-15272 19 Avenue, Surrey, BC, V4A 1X6
205 15272 19 Avenue
  • King George Corridor
  •  
  • Surrey
  • 2 bd
  • 2 ba
  • 1055 sf
David Hutchinson PREC*Sutton Group-West Coast Realty
 
622-1330 Burrard Street, Vancouver, BC, V6Z 2B8
622 1330 Burrard Street
  • Downtown West
  •  
  • Vancouver
  • 1 bd
  • 1 ba
  • 553 sf
David Hutchinson PREC*Sutton Group-West Coast Realty
 
278 Allison Street, Coquitlam, BC, V3K 4B5
278 Allison Street
  • Coquitlam West
  •  
  • Coquitlam
  • 3 bd
  • 1 ba
  • 1248 sf
  • 53 x 131 ft
David Hutchinson PREC*Sutton Group-West Coast Realty
 
404-1534 Harwood Street, Vancouver, BC, V6G 1X9
404 1534 Harwood Street
  • West End
  •  
  • Vancouver
  • 1 bd
  • 1 ba
  • 543 sf
David Hutchinson PREC*Sutton Group-West Coast Realty
 
1703-1327 E Keith Road, North Vancouver, BC, V7J 3T5
1703 1327 E Keith Road
  • Lynnmour
  •  
  • North Vancouver
  • 2 bd
  • 2 ba
  • 1103 sf
David Hutchinson PREC*Sutton Group-West Coast Realty
 
3296 Turner Street, Vancouver, BC, V5K 2H3
3296 Turner Street
  • Renfrew
  •  
  • Vancouver
  • 4 bd
  • 2 ba
  • 2307 sf
  • 33 x 102 ft
David Hutchinson PREC*Sutton Group-West Coast Realty
 
698 Quadling Avenue, Coquitlam, BC, V3K 1Z8
698 Quadling Avenue
  • Coquitlam West
  •  
  • Coquitlam
  • 3 bd
  • 3 ba
  • 4065 sf
  • 49 x 127 ft
David Hutchinson PREC*Sutton Group-West Coast Realty
 
700 Delestre Avenue, Coquitlam, BC, V3K 2E9
700 Delestre Avenue
  • Coquitlam West
  •  
  • Coquitlam
  • 5 bd
  • 1 ba
  • 2164 sf
David Hutchinson PREC*Sutton Group-West Coast Realty
 
2808 E Broadway, Vancouver, BC, V5M 1Z1
2808 E Broadway
  • Renfrew Heights
  •  
  • Vancouver
  • 6 bd
  • 4 ba
  • 2300 sf
  • 33 x 144 ft
David Hutchinson PREC*Sutton Group-West Coast Realty
 
2838 E Broadway, Vancouver, BC, V5M 1Z1
2838 E Broadway
  • Renfrew Heights
  •  
  • Vancouver
  • 4 bd
  • 2 ba
  • 2174 sf
  • 33 x 144 ft
David Hutchinson PREC*Sutton Group-West Coast Realty
 
2882 E Broadway, Vancouver, BC, V5M 1Z1
2882 E Broadway
  • Renfrew
  •  
  • Vancouver
  • 4 bd
  • 1 ba
  • 1800 sf
  • 33 x 144 ft
David Hutchinson PREC*Sutton Group-West Coast Realty
 
2876 E Broadway, Vancouver, BC, V5M 1Z1
2876 E Broadway
  • Renfrew Heights
  •  
  • Vancouver
  • 4 bd
  • 2 ba
  • 2214 sf
  • 33 x 144 ft
David Hutchinson PREC*Sutton Group-West Coast Realty
 
2870 E Broadway, Vancouver, BC, V5M 1Z1
2870 E Broadway
  • Renfrew Heights
  •  
  • Vancouver
  • 4 bd
  • 2 ba
  • 1921 sf
  • 33 x 144 ft
David Hutchinson PREC*Sutton Group-West Coast Realty
 
3106 Mariner Way, Coquitlam, BC, V3C 3T4
3106 Mariner Way
  • Ranch Park
  •  
  • Coquitlam
  • 0 bd
David Hutchinson PREC*Sutton Group-West Coast Realty
 
701 Alderson Avenue, Coquitlam, BC, V3K 1T7
701 Alderson Avenue
  • Coquitlam West
  •  
  • Coquitlam
  • 2 bd
  • 2 ba
  • 1800 sf
  • 33 x 0 ft
David Hutchinson PREC*Sutton Group-West Coast Realty
 
704 Delestre Avenue, Coquitlam, BC, V3K 2E9
704 Delestre Avenue
  • Coquitlam West
  •  
  • Coquitlam
  • 5 bd
  • 2 ba
  • 2503 sf
  • 74 x 142 ft
David Hutchinson PREC*Sutton Group-West Coast Realty
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Vancouver's new top 5 most expensive listings are all over $11M (PHOTOS)

Sep 14 2021, 4:20 pm

Vancouver’s luxury real estate market is always full of dreamy, wow-worthy homes with even more wow price tags.

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Roomvu shared its most expensive properties from August that will give you serious sticker shock.

If you take a look at the top five most expensive new listings in the city, you’ll see that nothing on that list is under $11 million. To get a mortgage on that, you’d need around 20% down, or $2.2 million.

Ready to see the kind of luxury home you might buy if you won the lottery?

5. 1425 Acadia Road: $11.88 million

Vancouver expensive real estate

Courtesy of Sharon Lau

Vancouver expensive real estate

Courtesy of Sharon Lau

Vancouver expensive real estate

Courtesy of Sharon Lau

Vancouver expensive real estate

Courtesy of Sharon Lau

  • Living Space: Approximately 9,628 sq ft.
  • Unique Features: Catch water and mountain views from this mansion with an entertainment centre, recreation room, indoor pool, hot tub, and sauna.
  • Other Features: Right by UBC, this six-bedroom and eight-bathroom home was built in 1981.

4. 5376 Connaught Drive: $15 million

vancouver most expensive real estate

Courtesy of Jerry Y. Wang PREC*

vancouver most expensive real estate

Courtesy of Jerry Y. Wang PREC*

vancouver most expensive real estate

Courtesy of Jerry Y. Wang PREC*

vancouver most expensive real estate

Courtesy of Jerry Y. Wang PREC*

  • Living Space: Approximately 7,520 sq ft.
  • Unique Features: Stacked with luxury finishings like Italian marble tiles, custom Kohler sinks, and high-end appliances, the place also has a five-car garage and a luxe home theatre.
  • Other Features: This Shaughnessy mansion sprawls across eight bedrooms and eight bathrooms.

3. 1529 W 34th Avenue: $18 million

vancouver most expensive real estate

Courtesy of Mike Ma

vancouver most expensive real estate

Courtesy of Mike Ma

vancouver most expensive real estate

Courtesy of Mike Ma

vancouver most expensive real estate

Courtesy of Mike Ma

  • Living Space: Approximately 6,712 sq ft.
  • Unique Features: Feel like you’re living in the future with a completely automated smart home system. Plus the private home theatre is the perfect spot for movie night.
  • Other Features: With eight bedrooms and 10 bathrooms, this eye-catching Shaughnessy mansion was newly built in 2019.

2. 1250 W 54th Avenue: $19.8 million

vancouver most expensive real estate

Courtesy of Christopher Boyd PREC*

vancouver most expensive real estate

Courtesy of Christopher Boyd PREC*

vancouver most expensive real estate

Courtesy of Christopher Boyd PREC*

vancouver most expensive real estate

Courtesy of Christopher Boyd PREC*

  • Living Space: Approximately 8,550 sq ft.
  • Unique Features: This is a Tudor-style South Granville mansion that looks straight out of the movies. There’s a tennis court and a swimming pool. The place is so large that you can split it up into four different lots if you want.
  • Other Features: This seven-bedroom, eight-bathroom home has lots of giant trees all around the property.

1. 4880 Drummond Drive: $21.3 million

vancouver most expensive real estate

Courtesy of Sharon Lau

vancouver most expensive real estate

Courtesy of Sharon Lau

vancouver most expensive real estate

Courtesy of Sharon Lau

vancouver most expensive real estate

Courtesy of Sharon Lau

  • Living Space: Approximately 8,770 sq sq ft.
  • Unique Features: What makes this home worth the price tag is that it’s actually large enough to build a second home on the lot. There’s also an exercise pool, steam shower, hot tub, sauna, and a custom theatre room.
  • Other Features: This open-plan seven-bedroom, eight-bathroom house was built in 2003.

 
Sarah AndersonSarah Anderson

+ REAL ESTATE
+ VANCOUVER HOMES
+ URBANIZED
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  1.  
     
     
    2 DAYS AGO

    It would be curious to visit the BC's Land Registry Office and see the names regarding ownership and then contact the Canada Revenue Agency and see whether money was earned in Canada, how much and when. If nothing adds up, call in the RCMP and CSIS. Seizure of property going to the taxpayer is a win.

     
     
     
  2.  
     
     
    3 DAYS AGO

    Oh, Daily Hive you must be salivating.

    Money! Money!! Money!!!

    Ohhhhhhhh….. •_•

     
     
     
 
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Inside the first H&M Home store in Metro Vancouver (PHOTOS)

Jun 17 2021, 3:23 pm

Metro Vancouver’s very first H&M Home store opened at The Amazing Brentwood (TAB) shopping centre today.

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The much-anticipated opening of the fast fashion retailer’s home interior collection concept store is part of the chain’s brand new two-level H&M flagship store at the mall.

It spans 30,000 sq ft of space in the East Mews of the newly built outdoor mall area, with the H&M Home part of the store — located on the ground level — accounting for about a quarter of the store’s overall footprint.

h&m home the amazing brentwood

H&M at The Amazing Brentwood with H&M Home (Kenneth Chan/Daily Hive)

h&m home the amazing brentwood

H&M at The Amazing Brentwood with H&M Home (Kenneth Chan/Daily Hive)

h&m home the amazing brentwood

H&M at The Amazing Brentwood with H&M Home (Kenneth Chan/Daily Hive)

h&m home the amazing brentwood

H&M at The Amazing Brentwood with H&M Home (Kenneth Chan/Daily Hive)

h&m home the amazing brentwood

H&M at The Amazing Brentwood with H&M Home (Kenneth Chan/Daily Hive)

H&M Home offers contemporary decor and home accessors for every room in the home, with styles for pillows, bedding, home storage, dinnerware and tableware, rugs, bath and shower, blankets, cookware, and toys.

Along with H&M Home, this store also features H&M’s typical departments, with women’s clothing in areas of both floors, and men’s, children’s, and more women’s clothing sections in the second level.

This is only the fourth H&M store in Canada to have a H&M Home department, with the other locations at West Edmonton Mall, CF Toronto Eaton Centre, and CF Carrefour Laval in Montreal.

h&m home the amazing brentwood

H&M at The Amazing Brentwood with H&M Home (Kenneth Chan/Daily Hive)

h&m home the amazing brentwood

H&M at The Amazing Brentwood with H&M Home (Kenneth Chan/Daily Hive)

h&m home the amazing brentwood

H&M at The Amazing Brentwood with H&M Home (Kenneth Chan/Daily Hive)

h&m home the amazing brentwood

H&M at The Amazing Brentwood with H&M Home (Kenneth Chan/Daily Hive)

h&m home the amazing brentwood

H&M at The Amazing Brentwood with H&M Home (Kenneth Chan/Daily Hive)

H&M also recently completed a significant expansion and renovation of its flagship store at CF Pacific Centre in downtown Vancouver, growing its footprint to nearly 40,000 sq ft over three levels.

With an end to the pandemic now in sight, businesses at TAB are starting to ramp up their activities at the new mall for planned openings over the coming weeks and months.

The mall opened its brand new Tables food court early this month, which will see 19 food and beverage options gradually open through September.

Cineplex is also planning to open its VIP Theatres location at TAB, which will have five screens, and its first The Rec Room in Metro Vancouver. This entertainment and gaming centre — complete with nearly 100 arcade and video game machines, a casual sit-down dining restaurant called Three10, and TheShed for quick bites and drinks — will have a floor area of 40,000 sq ft with a capacity for up to 1,300 guests.

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h&m home the amazing brentwood

H&M at The Amazing Brentwood with H&M Home (Kenneth Chan/Daily Hive)

h&m home the amazing brentwood

H&M at The Amazing Brentwood with H&M Home (Kenneth Chan/Daily Hive)

Dozens of other stores and restaurants are also lined up for an opening, including Urban Outfitters — located just across from H&M — on August 1.

TAB is located right next to SkyTrain’s Brentwood Town Centre Station.

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I have listed a new property at 622 1330 BURRARD ST in Vancouver.
Welcome to Anchor Point! Great Investment opportunity potential for RE-DEVELOPMENT in the future. Bright unit with multiple upgrades, lovely balcony, and very quiet with views to the inner courtyard. Convenient location with great access to public transportation, two blocks away from Beach Avenue and a 5 minute walk to Vancouver Aquatic Centre. Conveniences such as grocery stores, coffee shops, pharmacies, and banks are all within walking distance. This condo can be a great rental income or live in and enjoy the roof top patio for entertaining, watching sunsets and the firework displays. Building includes shared laundry, parking (available for rent), roof top patio and lounge. Hot water and heat are included in the maintenance fee.
Read full post

Douglas Todd: 'Get real' estate! Five reasons to doubt Trudeau’s housing promises

Opinion: In light of the prime minister showing no previous intent to protect the young from soaring prices, it is stunning to see him now act like a white knight taking on an unjust real-estate system

Justin Trudeau, touring a housing complex this summer in Hamilton, Ont., is now taking on the role of housing affordability activist, despite prices jumping more than 50 per cent cent under his watch as prime minister, says columnist Douglas Todd.Justin Trudeau, touring a housing complex this summer in Hamilton, Ont., is now taking on the role of housing affordability activist, despite prices jumping more than 50 per cent cent under his watch as prime minister, says columnist Douglas Todd. PHOTO BY COLE BURSTON /The Canadian Press files

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Justin Trudeau has abruptly switched into the role of housing-affordability radical.

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But it remains to be seen how many Canadians will buy the Liberals’ brazen new wave of promises — including a ban on foreign purchases, a tax on property flipping and restrictions on exploitive real-estate agents — since there is much cause for skepticism.

Weighing the party’s credibility is crucial since polls are suddenly showing housing affordability (not COVID) is one of the electorates’ top concerns. That’s like the B.C. election in 2017, which saw provincial Liberal leader Christy Clark, who relied heavily on developer donations, turfed in favour of the NDP.

All federal parties’ housing platforms require scrutiny, but here are five reasons voters are justified in feeling suspicious about the prime minister’s sudden conversion to housing activist, a persona he adopted last week to profess: “You shouldn’t lose a bidding war on your home to speculators. It’s time for things to change.”

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1. Trudeau has done remarkably little to address an expanding housing crisis

Housing prices across the country have jumped more than 50 per cent cent on average under Trudeau’s watch.

This glaring reality was captured in a recent devastating sound bite, when a heckler at a Trudeau rally in Ontario bellowed: “You had six years to do something. You’ve done nothing. These houses are worth $1.5 million. Are you going to help us pay $1.5 million? Are you, buddy?”

While in power, Liberal promises to address soaring prices have added up to zero. Take, for instance, the commitment Trudeau made in B.C. during the 2019 campaign, to bring in a one-per-cent tax on purchases by “non-resident, non-Canadians.” Nothing happened.

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Similar vacuous pledges came to mind last week when the Trudeau stole the Conservatives’ idea to place a two-year ban on all foreign property purchases. Only two months earlier, the Liberals had voted against a Conservative opposition-day motion to do just that.

Many Liberals, federal and provincial, have long claimed it’s xenophobic to restrict foreign buyers in Canada. They’re only now toning down their race-baiting.

The Liberals have long failed to address foreign capital flooding into real estate — as revealed, yet again, this week. A South China Morning Post article by Ian Young showed Ottawa spent five years covering up an old Canada Revenue report detailing how “rich migrants made more than 90 per cent of luxury purchases” in Burnaby and Coquitlam “while declaring refugee-level incomes.”

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It also became even harder in the past few days to accept Trudeau’s authenticity on taxing house flipping when it was uncovered the Liberals’ star candidate in Vancouver-Granville had flipped 21 properties. Liberals’ coziness with real-estate insiders runs deep (as it does for many politicians).

MORE ON THIS TOPIC

  1. “I really don’t know what to say when our federal government admits that it has made housing in Canada better for foreign investors than for Canadians. Who are they serving? Clearly not Canadians,” says real-estate analyst John Pasalis. (Photo Construction cranes in Vancouver).

    Douglas Todd: Canadian real-estate market better for foreign investors than locals, admits housing secretary

  2. A flood of refugees arrive at Olympic Stadium in Montreal.

    Pete McMartin: Historic human tsunami likely in Canada's future

  3. “The first one on the beach is the one who gets shot. Now the beach is all clear,” says Simon Fraser University City Program director Andy Yan, seen in Coal Harbour.

    Douglas Todd: B.C. court decision clears way for federal action on foreign ownership

2. The Liberals have purposely increased ‘demand’ for housing

It was more than odd when Trudeau came to Vancouver in August and said “you’ll forgive me if I don’t think about monetary policy … You’ll understand that I think about families.”

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It’s impossible to believe the prime minister doesn’t comprehend that monetary policy — in the form of extremely low interest rates and his government’s rapid printing of money in response to the pandemic — have helped jack up prices.

While the Liberals are joining the Conservatives and NDP in making big pledges to increase the construction of housing, many analysts are shocked that some promises Trudeau is making will further inflate prices.

Trudeau’s talk about tax-free housing accounts for first-time buyers, along with other credits, will super-charge demand even more, particularly among young people who can’t afford to stretch further. The size of new mortgages in Canada are soaring far into the danger zone.

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It looks, however, like many millennials aren’t buying the new Liberal rhetoric; Leger polling has found the party has been losing support among young adults.

3. Ottawa has done little to combat money laundering via real estate

Prominent housing analyst Stephen Punwasi says former Vancouver Sun reporter Sam Cooper’s book, Wilful Blindness: How A Network of Narcos, Tycoons and CCP Agents Infiltrated The West, is “the most important book on Canadian real estate you’ll read this year.”

Wilful Blindness describes how transnational multi-millionaires and criminals, rooted in China, Mexico and elsewhere, have exploited the country’s real estate, which is “Canada’s soft spot for economic infiltration.” Cooper’s book describes many egregious examples of how “dirty” offshore money has been transformed into “clean” money through Canadian housing, especially via property flipping.

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What have the Liberals done to crack down on money laundering in urban real estate? Though the Liberals said they would gradually direct $69 million into strengthening RCMP investigation of money laundering, B.C. Attorney General David Eby and others have urged Ottawa to go much further — and institute U.S.-style racketeering laws, which are credited with dismantling Mafia families.

4. The Liberals keep hiking immigration levels

Economists — from banks, universities and developers’ organizations — have in recent years acknowledged one of the biggest factors affecting Canadian housing and prices is population growth through immigration.

Despite, or because of, this, Trudeau has steadily increased Canada’s immigration target since being elected in 2015, hiking it from 250,000 to 400,000 a year, with B.C. an especially popular destination.

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UBC geographer Dan Hiebert has found the typical value of a detached Metro Vancouver home owned by a new immigrant in 2017 was $2.3 million, $800,000 higher than a dwelling owned by a Canadian-born person.

An SFU study found “hidden foreign ownership,” particularly through satellite families in which breadwinners make their money offshore, is a significant reason prices have no connection to local wages. It all adds up to help cut into the hopes of both domestic Canadians and newcomers with modest resources.

Source: Steve Saretsky, Vancouver housing analystSource: Steve Saretsky, Vancouver housing analyst

5. It’s worse than ironic Trudeau now says, ‘The deck is stacked against you’

In light of the prime minister showing almost no interest in protecting the young from soaring prices, it was more than perplexing to last week see him act like a white knight taking on an out-of-control real-estate system.

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Who knows if the identity switch will get votes? But Trudeau’s latest self-image echoes that of the Liberals’ talkative housing secretary, Adam Vaughan, who in April let slip that Canada is “a very safe market for foreign investment, but not a great market for Canadians looking for choices around housing.”

While Vaughan revealed the Liberals’ strategy has been to support “a very good system of foreign investment creating a lot of new housing in Canada as we add immigrants and grow the population,” he cautioned it would be terrible to bring in any policy that could cause  homeowners to see “10 per cent of the equity in their home suddenly disappear overnight.”

There it is. Two months ago the Liberals were firmly on the side of homeowners wanting to profit. Last week Trudeau suddenly became a champion of those frozen out of ownership.

You’re forgiven for thinking you are witnessing pure electoral posturing.

dtodd@postmedia.com

twitter.com/douglastodd


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COMMENTS

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  1.  
     
     
    18 HRS AGO

    Nobody believes anymore what trudeau says.

     
     
     
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  2.  
     
     
    23 HRS AGO

    The jury is still out re: "money-laundering"; the Cullen Commission Report is due out in December and that will be the report that counts and will serve as any sort of reference. In other words;, everything is allegations, speculation and hearsay until then. So, no need to put the cart before the horse.

    As far as immigration is concerned; immigrants never prevented serious housing corrections here or anywhere else in the past; therefore, there is no need to assign them any undue influence on the upside.

    As for the rest of it? Trudeau has had six years to address runaway housing costs; time for him to knock it off with all the hollow promises we have all heard before.

    In any case, August will mark the fifth consecutive month of sales declines in the area served by the REBGV. Anyone considering buying now (particularly first time buyers) should do some serious navel-gazing before doing so.

    Feel free to join the Metro Vancouver Housing Collapse Facebook group and share/discuss up to date housing information with thousands of others. EDITED

     
     
     
     
     
     
  3.  
     
     
    1 DAY AGO

    I really hope people read this before voting. Having a roof overhead is a human requirement - if food had gone up by this much there would be rioting in the streets.

     
     
     
  4.  
     
     
    1 DAY AGO

    Trudeau is always making promises during elections, but he never keeps them. He started with the promise to reform our election system...didn't happen. His words are hollow.

     
     
     
  5.  
     
     
    1 DAY AGO

    Same as Horgan, he promised the affordable housing, but the housing prices jump double since the last BC election.

     
     
     
     
     
     
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'A colossal failure': Secret deal for prime Vancouver real estate that saw low-income families evicted finally public

St. John Alexander

St. John AlexanderMulti-skilled Journalist, CTV News Vancouver

@ctv_stjohn Contact

Published Wednesday, September 1, 2021 8:16AM PDTLast Updated Wednesday, September 1, 2021 8:16AM PDT
 
 
 
 
 
 
 
 
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The purchase contract for the Little Mountain lands in Vancouver has been made public.
 
 

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VANCOUVER -- For years former MLA David Chudnovsky made it a crusade to obtain the sales contract of Little Mountain social housing in Vancouver, and on Tuesday morning he proudly held up the document in front of television cameras and reporters.

“Here it is. The contract we’ve been asking for,” Chudnovdky said, admitting he didn’t like the details in the purchase-and-sale agreement, calling it a “sweetheart deal” for the developer.

The circumstances around sale of the prime land near Queen Elizabeth Park have been a mystery since Holborn Properties Ltd. purchased the land in 2008.

The 15-acre parcel was bought for $344 million. Hundreds of low-income families were evicted and their old homes destroyed.

Holborn promised to build more social housing, but so far only a few dozen new units have been built.

The contract obtained by CTV News through the Freedom of Information process, shows the developer received a loan from the province of $211 million, which is interest-free until Dec. 31, 2026. There also appeared to be no clear deadline as to when most of the development needs to be complete.

“Where'd they get that money? They got it from us, the people of British Columbia,” said Chudnovsky. “This Holborn development has been a colossal failure, an embarrassment to the people of Vancouver, and an insult to homeless and under-housed people in B.C.”

The agreement was negotiated by the provincial government at the time, the B.C. Liberals.

“British Columbians expect government to work with municipalities and the industry to create supportive housing. That was the goal of this project and, while proceeds of the sale were used to develop more than 2,100 new supportive housing units across B.C., clearly the intended outcomes have not been met to date,” wrote Interim B.C. Liberal leader Shirley Bond in a statement issued Tuesday.

“We need to understand why this lack of progress, which is far too common, occurred and how we ensure that all levels of government can improve to prevent significant delays from happening.”

CTV News reached out to Holborn Properties Ltd, but the company has not responded.

Chudnovsky called for a public inquiry and wants the sale renegotiated. 

RELATED IMAGES
 
  • Little Mountain Vancouver

    Signs on the fence surrounding Vancouver's Little Mountains lands on Aug. 31, 2021.






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I have sold a property at 910 ROBINSON ST in Coquitlam.
Totally redesigned home in the past few years. Notable features of this home incl custom maple cabinets with tile flooring, hardwood floors that span throughout the living area, laminate floors that cover the bedrooms, & full 4pc main bathroom including a spacious tub. The downstairs suite contains a separate entry point that houses a 2 bedroom suite perfect as a mortgage helper. The whole house has been tastefully renovated to include newly installed vinyl windows & upgraded motor & parts fireplace perfect for the wintertime. Backyard comes with a shed perfect for those who love to garden or need a place to store their outdoor gear. House is situated in the best neighborhood w/close proximity to transit, SFU, & Lougheed Shopping Centre.
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Ex-Vancouver Canuck B.J. MacDonald wants to downsize, lists Yaletown “paradise in sky” penthouse for $7 million

 

2 of 3
  • The 3701-1495 Richards Street property features a 1,600-square-foot terrace where the sellers have hosted a lot of gatherings.

Vancouver realtor Tyler MacDonald has a listing for a $7 million penthouse in Yaletown.

The sellers of 3701-1495 Richards Street are his own parents, and his father happens to be former professional hockey player Blair Neil Joseph MacDonald.

Known in the hockey world as B.J. MacDonald, the athlete was part of the Vancouver Canucks team that made its first Stanley Cup finals appearance in 1982.

 
 

The elder MacDonald also played in the Edmonton Oilers with the legendary Wayne Gretzky.

In a phone interview, his realtor son told the Straight that B.J. and wife Lisa are “looking to downsize slightly”.

“They spend a lot of time down at their place in Tullum, and then they also have a boat that they spend the majority of the summer on,” MacDonald said.

 

Tullum is on the Carribbean coast of Mexico, and known for its beaches and Mayan ruins. It is called the Mayan Riviera.

MacDonald related that his parents bought the Yaletown penthouse pre-sale in 2003, and have updated it a number of times.

His mother Lisa is a designer, and she did everything for the penthouse at the Azura II highrise condo.

“She actually designed my own personal house,” Century 21 In Town Realty agent also said.

Blair Neil Joseph Blair Neil Joseph "B. J." MacDonald was part of the team when the Vancouver Canucks made its first Stanley Cup finals in 1982.NHL

The three-bedroom, three-bath condo includes a 1,600-square-foot terrace, where B.J.and Lisa have hosted a lot of guests.

A previous listing describes the 3701-1495 Richards Street property as a “paradise in the sky”.

Overlooking English Bay, Bowen Island, and North Shore mountains, one can “take in incredible sunsets while relaxing in your hot tub overlooking the sparkling city lights”.

MacDonald said that the listing was taken off the market last year, and now it has returned as an exclusive listing.

An exclusive listing means that only a number of realtors and potential buyers are given access.

The Straight learned about the penthouse when it asked another Vancouver realtor if there are celebrity property listings in the market.

On August 21, this paper reported that singer and songwriter Sarah McLachlan finally sold her Whistler retreat for $11.5 million.

McLachland’s luxury home, which she designed, spent seven years on and off the market.

David Hutchinson with Sutton Group-West Coast Realty has a client looking with a condo that has a big patio, and the agent found B.J. MacDonald’s property.

Hutchinson got in touch with the younger MacDonald, and referred the Straight to the Century 21 In Town Realty agent.

“When I first came across this penthouse for a client specifically looking for a large penthouse with generous outdoor space and views, I realized I not only knew the realtor,” Hutchinson told the Straight.

“I also realized that the seller was a famous hockey player,” the Vancouver realtor said. “I think there is some allure to purchasing a property from a famous person, and adds some value.”

Hutchinson also related that he recently sold a home that belongs to the family of a professional athlete with the Canadian Football League and National Football League.

“Is there extra value for these properties because of the name attached?  I think it certainly makes the property more appealing,” Hutchinson said.

Inside 3701-1495 Richards Street.Inside 3701-1495 Richards Street.

The 3701-1495 Richards Street penthouse has a 2021 assessed value of $4,493,000.

Its previous listing had an original asking price $6,998,000. The price was later reduced to $5,998,000.

Going back to MacDonald of Century 21 In Town Realty, he said that he treats his seller-parents the same way as he deals with other clients.

MacDonald wants to keep it professional.

“Business is business,” he said.

As for the 3701-1495 Richards Street penthouse, MacDonald said that his parents “hosted a lot of great get-togethers and parties” at the place.

“They do feel really sad to let it go,” MacDonald said.

 
Follow Carlito Pablo on Twitter @carlitopablo

 
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Massive $6 million discount finally clinches deal for West Vancouver luxury home


 

 
  • The 2956 Palmerston Avenue estate spent 155 days on the market.

The listing says the extravagant West Vancouver home is “too amazing to describe in words”.

It did actually.

“This spectacular custom built completely renovated residence is situated on one of the most stunning almost 1 acre properties,” the listing said about 2956 Palmerston Avenue.

 

Moving on, “The home offers approximately 11,000 square feet of complete luxury, 7 bedrooms, 8 bathrooms, and several dens. The floor plan is incredible with the entrance foyer opening to a huge living and dining room with 30 foot high ceilings.”

 

Outside, “The maturely landscaped property has a gated circular driveway and water feature at the front and a sun soaked, private swimming pool, hot tub, gazebo and huge level yard and sport court at the back.”

 

And inside, “There is a climate controlled wine room, gym, workshop, complete outdoor entertainment kitchen, and self-contained nanny suite.”

The 2956 Palmerston Avenue property has a 2021 assessment of $8,242,000.

On March 8, 2021, Sutton Group-West Coast Realty listed the mansion on the market for $16,880,000.

Based on tracking by real-estate information site Zealty.ca, the residence spent 155 days on the market before it was finally sold.

On August 11, the property went to a new owner for $10,800,000.

This means that sold price was 36 percent below asking, for a discount of $6,080,000.

Zealty noted that the sale was reported on August 18.

The property information site also tracked the sales history of 2956 Palmerston Avenue.

It was previously listed on November 25, 2019 for $13,880,000, and this expired on November 26, 2020 with the same asking price.

The luxury home was last sold on November 28, 2016 for $10.1 million two weeks after it was listed on November 14 in that year for $10,998,000.

Prior to this sale, the residence changed hands on August 20, 2012 for $6.8 million. This sale followed a May 2 listing in that year with an asking price of $7,498,000.

Earlier in the same year of 2012, the West Vancouver abode was listed for $7,998,000 on January 30. The listing was terminated on May 1, 2012 at the same price.

 
Follow Carlito Pablo on Twitter @carlitopablo
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8-foot snake found in Vancouver's South Granville neighbourhood

BY LISA STEACY AND HANA MAE NASSAR

Posted Aug 26, 2021 10:00 pm PDT

 

Last Updated Aug 27, 2021 at 6:56 am PDT

 
Cody the Columbian Boa snake has been found safe after it was reported missing by its owner Thursday. (Courtesy Facebook/Jessica Billings)
 
SUMMARY

The Colombian boa constrictor was found hours after it was reported missing

The snake's owner, a 32-year-old woman, woke up Thursday morning to find the tank empty

Cody is said to be safe and sound and back in her enclosure

 

VANCOUVER (NEWS 1130) — An eight-foot-long snake that went missing in Vancouver’s South Granville neighbourhood while its owner was sleeping has reportedly been found safe.

In a Facebook post, a person saying she is the owner of the Columbian boa constrictor says the serpent “snuck in through a small opening where there used to be a fireplace.”

“Sorry to cause any fear, but so glad Cody is safe and sound,” the post on a community page reads.


There are no reports anyone was injured by the snake, and ‘Cody’ is believed to be in good health.

The Colombian boa was said to have been on the loose after it was believed the reptile had escaped from an apartment near Granville Street and West 14th Avenue, the Vancouver Police Department said Thursday.

“It is believed to be docile but please take care in the area and report any sightings to police,” says a social media post from police.


A spokesperson confirmed the snake’s owner, a 32-year-old woman, woke up Thursday morning to find the tank empty.

“It likely slipped out an open window,” says an email.

Although not venomous and popular as a pet, this type of snake can be dangerous.

“Their jaws are lined with small, hooked teeth for grabbing and holding prey while they wrap their muscular bodies around their victim, squeezing until it suffocates. Boas will eat almost anything they can catch, including birds, monkeys, and wild pigs. Their jaws can stretch wide to swallow large prey whole,” according to National Geographic. 

“They are excellent swimmers, but prefer to stay on dry land, living primarily in hollow logs and abandoned mammal burrows.”

The reptiles are found in Central and South America, can also climb surfaces well, and travel up to speeds of 1.6 km/h. They are solitary, nocturnal, and described as ambush hunters.

“The reason red tail boas are so popular is due in part to their typically docile temperament. They aren’t usually aggressive snakes but even if they aren’t upset they can do damage to a person quite easily,” according to one pet care blog.

“Red-tailed boas need to be seriously considered before being purchased due to their strength, size, the amount they eat, and their ability to constrict.”

The same blog says the most important thing to consider when setting up an enclosure for this type of reptile is security.

“All snakes are escape artists and will push through unlocked lids and squeeze through small openings.”

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I have listed a new property at 404 1534 HARWOOD ST in Vancouver.
Gorgeous, renovated 1-bedroom1 bath leashold condo in a fantastic West End location 1 block to Beach Ave & English Bay on lovely tree lined street. Open plan with hardwood and tiled floors. Beautifully updated kitchen Modern bathroom with upgraded vanity, fixtures & floor. Quiet & peaceful location - only 4 suites per floor. Steps to beach, Seawall, Stanley Park, shopping & restaurants.Parking $120 & locker $40 rental. Concrete leasehold prepaid until Dec 31, 2073. Well maintained, friendly bldg-upgrades incl: elevator, roof updated, piping. Maintence fee: taxes, heat, hot water, gardening, and management. Buyer to verify measurements and all details. Professionally measured by Keyplan.
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I have listed a new property at 1703 1327 KEITH RD E in North Vancouver.
A penthouse with sweeping views of the city and North Shore Mountains with sights of spectacular sunsets and Grouse Mountain skiing . A concrete building, covered balcony accessed by the bedroom and living room . Air conditioning in all rooms . This includes the benefits of a mature adult building (50 + and 19 +) There are resort style amenities with a spacious elegant lobby with a large functional fire place. Amenities include a pool, hot tub, sauna, gym, library, party room, work shop, large theatre, billiards room, large card room suitable for meetings, a guest suite and an onsite caretaker. You are minutes away from 2 shopping areas for groceries, restaurants and medical and banking services. Professionally measured by Absolute Measuring .
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I have sold a property at 2426 GEORGIA ST E in Vancouver.
Trendy East Village--Duplex/Coach House Zoning Approved--a great investment. Very solid home with a 1-bdrm mortgage helper on a quiet tree lined street in a fantastic pocket of East Vancouver! Close to transit to UBC & SFU. Steps to Templeton High School, and Templeton Park Pool. Walking distance to the PNE. A block away from Adanac Bikeway to Science World & the Seawall. Minutes to downtown, Yaletown, Chinatown, The Drive, and New Brighton Park & outdoor pool. Steps to Tacofino, Red Wagon Cafe, Parallell 49, & some of the city's best restaurants, Breweries, Cafes & Farmers' Markets at Hastings Park & Trout Lake. RT-5N zoning. https://vancouver.ca/files/cov/grandview-woodland-mount-pleasant-development-options-diagram.pdf Professionally measured by Keyplan Measuring. Buyer to verify.
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Vancouver real estate: vacant detached home on West Side lot sells for less than $1 million


 

 
  • The empty home at 1050 West 70th Avenue has a 2021 assessed value of $11,600, and the land is worth $908,000.

One often hears that it’s impossible to buy a detached home in Vancouver for under $1 million.

It’s generally true, but it’s not always the case.

A seemingly liveable rancher home with a basement on the West Side of the city sold for less than a million on July 15.

The two-bedroom and one-bath home at 1050 West 70th Avenue went for $988,000.

 

The sale came 49 days after the Marpole-area residence was listed on May 27 for $1,245,000.

The price was reduced to $1,088,000 on June 18.

The home is vacant.

The house sits on a lot measuring 30.8 feet by 95 feet, which is smaller than a typical 33- by 122-foot Vancouver lot.

 

When asked about the deal, realtor and market observer David Hutchinson told the Straight with the property’s RM-3A zoning, it might be good for a builder to demolish the structure and develop a duplex.

“It’s on a busy street,” Hutchinson noted.

It’s within the block west of Oak Street.

As of June 2021, a typical detached home in East Vancouver costs $1,696,500.

Homes are more expensive on the West Side, which includes Marpole.

On the West Side, a typical detached house costs $3,458,300 as of June 2021.

The property at 1050 West 70th Avenue was marketed mainly for its land value.

Its 2021 assessed value totals $919,600, of which $908,000 is for the lot, and $11,600 for the structure.

Real-estate sites fisherly.com and Zealty.ca tracked the transaction. 

 
Follow Carlito Pablo on Twitter at @carlitopablo
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What Happens When a Developer Wants to Buy Your Condo Building?

It’s worth knowing your rights when a developer comes knocking on your strata’s door.

 
/
 Sep 6, 2018
 

It’s worth knowing your rights when a developer comes knocking on your strata’s door.

Do you live in a low-rise, ageing condo in an up-and-coming area? Have you noticed a surprising number of glass towers springing up around you? Does your apartment have any kind of view, access to a Skytrain station or some other enticing feature? If you answered yes to any of the above questions, you may have already discovered the obvious—your humble home is a prime spot for development. And that, my friend, can cause some soul-searching for anyone who wants to avoid the madness that is Vancouver’s real estate scene. Understanding the process can go a long way to alleviate anxiety and help you reach the best possible outcome.

What’s actually involved?

Since July 2016, it’s been a whole lot easier for strata corporations to cash in with developers through what is known as a voluntary wind up. In the past, strata corporations needed 100% of owners to get on board with any sale. This was extremely difficult to achieve and resulted in very few liquidations. That all changed with the introduction of Bill 40, which amends part 16 of the Strata Property Act to lower the voting threshold required to authorize the sale of a building to 80% of eligible owners. Today, any strata corporation that reaches an agreement with 80% of eligible owners can apply to the BC Supreme Court for an order confirming the liquidation and sale of the property. If approved, the court appoints a liquidator, the sale goes through and all condo owners receive a payout once the process is complete.Easy, right? The BC Supreme Court approved the first sale under the new guidelines last year, but you can expect many more to come. Tony Gioventu, Executive Director of the Condominium Home Owners Association, estimates there are over 100 strata properties across the province either looking at winding up or in the process right now. So what should you do if a developer comes knocking?

 

Approach offers with caution

Not all offers are created equal, and CHOA recommends strata councils fairly market any property before putting a sale to vote. “An owner can argue that the strata didn’t market the property properly or fairly,” Gioventu says. For example, if a developer approaches with an offer, but only on the condition that the building doesn’t go to market, Gioventu smells a rat. “That tells me they are under bid and under-priced,” he says. “The strata will have trouble in the court application, as they haven’t looked at getting best price.”

Bring in the experts

Like when you sell anything, there are costs involved in the commercial sale of a strata-owned building. Gioventu recommends strata corporations hire a lawyer experienced in wind ups early on. “It will help them stay out of trouble,” he says. Generally, the strata council will engage a commercial broker to market the property. The broker comes back after 60 days with a host of options and from the top three, the council will usually take one or two to a meeting to decide whether or not to sell. If the majority of owners aren’t interested in selling, the process ends. If owners are interested, though, Gioventu suggests the council should seek legal advice and ask their broker to counter offer on price, terms and conditions. Once a reasonable offer has been proposed, that’s when it’s time for the legally binding 80% vote. “The reason we recommend two decisions is because the meeting for the 80% vote is legally and technically demanding, as well as costly,” explains Gioventu. In fact, Gioventu says it’s easy for a strata council to spend $30,000 or more on the 80% vote meeting. Costs add up from legal costs, title searches, serving 30-day notices, the need to appoint a liquidator, court applications and more. “If the strata has 100 units, the legal costs out of court can be anywhere from $50,000 to $100,000,” he says. However, Gioventu estimates the cost of a commercial sale is similar to individual sales when broken down on a per unit basis. And he cautions anyone from cutting corners. “You end up spending twice as much money,” he says.

What if you don’t want to sell?

Any owner can vote against the sale during the 80% vote meeting. If you happen to be in the 20% of people against the sale, you can apply through the court. In reality, though, Gioventu says if the sale has been conducted fairly and openly, there aren’t a lot of arguments that will change the decision of the majority.

How much money can you expect?

Without a crystal ball, it’s hard to know for sure. While market value is usually 15-30% higher than the current B.C. assessment, the future value of a property can be much higher. Townhouses and low-rise buildings that are zoned for higher density can see a “significant” jump in value, according to Gioventu. However, he cautions owners from attempting to block a sale out of greed if a fair market process has been conducted. The sale of nearby properties is not always a good guide, as different buildings may be more attractive for their zoning, location, view or other reasons. What’s more, there are financial benefits for reaching a unanimous decision. If 100% of owners agree on the sale, it becomes a direct sale; there is no need for a court application and a liquidator. “I use the bundle of sticks theory. A single stick is easily broken, but a bundle is much harder to break,” he says. “If all owners stick together, they have much better negotiation power and can get a better price.”

 

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I have listed a new property at 3296 TURNER ST in Vancouver.
Good, solid house in a great central location steps to everything Vancouver has to offer. Steps to the PNE; transportation line to UBC; the highway to Whistler and Kelowna; Hastings East Village shops and restaurants; Burnaby Heights; New Brighton Park & swimming pool; and minutes to downtown Vancouver. All this convenience in a 4-bedroom/2-bathroom house with an in-law suite downstairs in a cozy, little village-style neighbourhood. The home has been in the family for years featuring a garden of figs trees and roses.
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The house's exterior

PHILLIP CROCKER/STILHAVN REAL ESTATE SERVICES

1105 Kelowna St., Vancouver (Hastings-Sunrise)

Asking price: $1,499,000

Selling price: $1.735,000

Previous selling price: $1,452,000 (2012), $733,000 (2008), $327,000 (2002), $291,000 (2001), $210,000 (1989)

Days on market: Seven

 

Taxes: $5,615.06

Listing agent: Cheryl Davie, Stilhavn Real Estate Services

The action

The house sold for 116-per-cent of asking. It was on the market for one week and more than 35 parties toured the house, says listing agent Cheryl Davie. The sellers eventually received five offers, with four of them over asking and subject free.

The sellers are a professional couple with kids who were looking to upsize. The buyers are another young family, moving from a condo.

“The home had been tastefully maintained and updated,” Ms. Davie says. “It very much appealed to a large demographic of buyers as it had the potential for an income suite in the basement.”

 

STORY CONTINUES BELOW ADVERTISEMENT

 

What they got

The character house is on the east side of Vancouver, izn the popular Hastings Sunrise neighbourhood.

It sits on a 33-foot-by-116-foot lot and was built in 1945. The 2,114-square-foot house has five bedrooms over three floors, including a one-bedroom suite. Features include fir floors, coved ceilings and arched doorways, a sunny west-facing yard, a new deck, a garden and a two-car garage. There are also new appliances and furnace, updated bathrooms, and a fresh exterior paint.

PHILLIP CROCKER/STILHAVN REAL ESTATE SERVICES

The agent’s take

According to Ms. Davie, prices are not softening yet — but showings are starting to decline.

“If multiple offers are received, it’s typically only one or two, whereas in the spring we were seeing 20-plus offers on a property like this,” she says.

Your house is your most valuable asset. We have a weekly Real Estate newsletter to help you stay on top of news on the housing market, mortgages, the latest closings and more. Sign up today.

 
 

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As Vancouver home listings dwindle, report asks: where have all the sellers gone?


 

 
  • This eight-year-old Vancouver home at 2551 West 36th Avenue came on the market on July 16 with a price tag of $7,480,000.

Home sellers appear to have fled the market as if by collective instinct.

This comes in the face of less intense demand and fewer buyers willing to go into bidding wars and offer over-asking prices.

 
 

Sellers are stepping back to await more auspicious times to list their properties.

“Where have all the sellers gone?” Dexter Realty asks.

 

The Vancouver realty company used the same question to headline its mid-month report, which it released Friday (July 16).

“With this trend likely to continue, we could see total active listings drop below 10,000 to start September for only the second time in the last 25 years,” states the report prepared by Kevin Skipworth.

 

Skipworth is a partner, managing broker and chief economist with Dexter Realty.

The report noted that from July 1 to July 15, realtors with the Real Estate Board of Greater Vancouver (REBGV) sold 1,692 properties.

Meanwhile, only 2,491 new listings of homes for sale came on the market during the same period.

“That number of new listings is a stark contrast from where we were at the mid-point of June,” Skipworth wrote.

The realty executive noted that as of June 15, there were 2,028 properties sold and 3,405 new listings.

“So, while sales are only down 17% compared to the mid-point of last month, new listings are down 27% leading to a decrease in the number of active listings in the market,” Skipworth noted.

Also, in the mid-point of May 2021, 2,183 properties were sold and 3,758 new listings came on the market.

Total active listings as of July 15 are at 10,958 compared to 12,458 on July 15, 2020.

Also, the report noted that there were 11,659 of total active listings at mid-month in June 2021.

Real-estate associations have also flagged the drop in home listings.

In a July 12, 2021 report, the B.C. Real Estate Association stated that total active residential listings were down 23.4 percent year-over-year in June.

The BCREA report by chief economist Brendon Ogmundson also noted that listings have “continued to fall on a monthly seasonally adjusted basis”.

Meanwhile, the REBGV reported on July 5 that there were 5,849 detached, attached, and apartment properties newly listed for sale in June 2021.

The board said that the number of new listings represents a 17.9 percent decrease compared to May 2021 when 7,125 homes were listed.

Also, the total number of homes listed for sale was 10,839, a 5.1 percent decrease compared to June 2020 (11,424) and a 1.2 percent decrease compared to May 2021 (10,970).

Also on July 5, the Fraser Valley Real Estate Board (FVREB) reported that it received 3,108 new listings in the month of June.

The new listings represent a 10 percent decline compared to last year, and a decrease of 21 percent compared to May 2021.

The FVREB noted that June 2021 ended with total active inventory of 5,474, a seven percent decrease compared to May, and 22.5 percent less than June 2020.

Going to the Dexter Realty report, Skipworth wrote that while sales have declined again in July, the “bigger decline is in the number of new listing coming on the market”.

“This is depleting an already low active listing count in Metro Vancouver and keeping competition amongst buyers going,” the report noted.

Moreover, there are “still buyers looking to take advantage of continued low interest rates”.

“All things considering, there is still strong activity in the real estate market but that could be hampered by the lack of listings as we move through the next month and a half,” the report stated.

 
Follow Carlito Pablo on Twitter at @carlitopablo
 

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Taking a hike to academic success: Vancouver organization empowers B.C. youth through outdoor education

Better Together is a collaboration between Coast Capital and the Georgia Straight to celebrate programs, partnerships, and individuals making positive change in our communities.

 

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  • COAST CAPITAL SAVINGS

(This story is sponsored by .)

Martha Batke found Take a Hike at a pivotal moment in her life. Struggling with the format of the mainstream school system, Martha was skipping classes and close to dropping out of Kitsilano Secondary in her Grade 10 year. As a result, she fell through the cracks of the mainstream school system and began looking for alternative options.

 

Her search led her to a life-changing opportunity to step outside of her comfort zone in a program—Take a Hike—that uses the outdoors, adventure, and mental health and emotional well-being support to engage vulnerable youth in schoolDespite her apprehension and self-proclaimed lack of athletic ability, Martha took a leap of faith.

 

Since 2000, Take a Hike has been leading the way in alternative high school education models—combining intensive and continual clinical counselling, adventure-based learning, outdoor experiences, and a tight-knit community to support British Columbia’s vulnerable youth. Partnering with five public school districts across the province, the program empowers youths with the skills and resilience they need to graduate high school, build healthy relationships, and navigate their own path to success. The program has transformed the lives of hundreds of youth in B.C. like Martha, along with their families, resulting in a 97 percent graduation rate among its 690+ youth and alumni—14 percent higher than the graduation rate for mainstream public education in 2019.

“Take a Hike helps vulnerable youth who are scared, angry, hurt, and have fallen through the cracks of the system. They don’t trust anybody, they don’t feel safe. Take a Hike embraces them, provides them with clothes and food, and builds them up through outdoor adventures and trust exercises,” Martha shares.

COAST CAPITAL SAVINGS

At the heart of Take a Hike’s success is a unique program structure. Every aspect of its model is built on a foundation of safe and caring relationships, inclusive environments, tailored strategies, and high expectations for student success. It’s through this model that Martha found herself. Thanks to counsellors and teachers who continually go above and beyond, Martha’s outlook on life and on the world changed dramatically.

Before joining the program, Martha had never left the Vancouver city limits. Through Take a Hike, Martha was able to experience rowing in Deep Cove, climbing the Grouse Grind, mountaineering in Pemberton, and much more. It provided her with access to a completely different world, just an hour or two away from home.

Take a Hike also helped her to build a strong set of foundational core values. It taught her strength and resilience in the face of adversity; how to develop meaningful, trusting connections and relationships with her peers and teachers; and discipline in her pursuit of success. “You wouldn’t recognize me after the two years that I was there. I went from wanting to fade into the walls to avoid people to a very outgoing, confident young woman,” says Martha.

Now, Martha is living in the Kootenays, a mother to three children, and has been running a farm on her property for the last five years. In addition to valuable life skills, the program gave Martha a deep appreciation for nature that she has carried with her through to adulthood. Because of her experience with Take a Hike, Martha has made it a priority to connect with her community through activism and volunteering, working with local food security projects, and community halls.

COAST CAPITAL SAVINGS

Take a Hike has continued to grow, building its services in communities across British Columbia, and offering long-term programming with the support of donors and partners like Coast Capital, to reach and empower students across the province. Martha also hopes to give back to the foundation directly by donating and volunteering her time at Take a Hike’s West Kootenay location so she can help to positively impact youth to achieve their full potential.

As her children approach school age, Martha wishes programming like Take a Hike was a standard option as she firmly believes students from every walk of life would benefit from it. “Take a Hike is what school should be: it’s a healthy, accountable, respectful, rewarding interaction with the world.”

 

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