Archive for June, 2005

Welcome to the World of Water Inc. – doc.

Sunday, June 5th, 2005

ECO-THRILLER: New novel hints at a frightening future

Mike Gillespie
Province

 

 

Varda Burstyn would like to make light of it but, in truth, there’s just too much of an ecological mess out there to inject much levity.

Burstyn, who has been championing the environment, and getting under the establishment’s skin, for more years than she cares to reveal, is talking about water — specifically Water Inc. (Penguin, $37), her novel.

Now creating ripples on two continents and expected to wash ashore later this year in Spain, Korea and Portugal, Burstyn’s book, which shapes a very real world water crisis into an eco-thriller, could well be a tsunami-in-waiting for wanton water-wasters the world over.

Water Inc. is selling so briskly in Canada, Britain and the U.S. that it’s about to go into its second printing. And it’s starting to consume a lot of Burstyn’s time.

A story about big business-government collusion and a megaproject to pipe water from the Quebec wilderness into drought-stricken parts of the U.S., the novel is becoming a lightning rod for everything that’s wretched about the way we treat our biosphere.

While there’s still as much water on the planet today as there was four billion years ago, it’s what we’re doing with it and to it that gets Burstyn’s goat. As a one-time vice-chair of Greenpeace Canada, she’s made the environment her business for 35 years. And, increasingly, she’s appalled.

Burstyn says the novel is designed as a wake-up call for anyone who doesn’t realize the planet has a water problem — a big one.

Water, and fisheries, have just been identified in a four-year study by 1,300 of the world’s scientists as the most degraded and overused ecosystems in the biosphere. Fresh water supplies, in fact, the Millennium Ecosystem Assessment reported in April, “are now so degraded that they are well beyond levels that can sustain existing demands, let alone provide for future needs.”

Add to that the reports from disparate parts of the world: Half the planet’s population lives in countries where water tables are falling and wells are going dry; a third of the world’s population will be seriously short of water by 2025; the UN says water will be one of the major problems of the 21st century and warns there could be water wars within a decade.

Water Inc. is the first in a trilogy that Burstyn will use to flag public interest in the politics and economics of the environment.

Water Inc. has already been likened to stories by techno-thriller writer Michael Crichton, whose novels Jurassic Park, Timeline, State of Fear and Andromeda Strain, among others, have earned him the title “king of catastrophe.”

But Burstyn prefers to call her novel “an antidote” to Crichton’s work. Which may be so. Water Inc. will scare the pants off anyone worried about where their next drink of water will come from — but it’s told to them from a non-technological point of view.

Ironically, even as she was finishing her book, President George W. Bush was threatening to pre-empt it as a piece of fiction, telling world journalists of hopes to pipe water from the Canadian north to relieve drought-stricken midwestern and southern states.

And that’s exactly what Water Inc. envisions: A powerful consortium of businessmen in cahoots with a Quebec cabinet minister to destabilize that province and strike a deal to pipe its water from the north into the U.S. The consortium is headed by corporate visionary William Greele, a billionaire who easily forms a cabal of business leaders.

A Seattle aerospace engineer gets wind of the planned pipeline and a cast of conservationists is quickly assembled to block the pipeline.

This “replumbing of the planet” is already being seen in Quebec, Burstyn says. Just a week ago, the Quebec government gave unanimous approval to the development of public-private partnerships, which could lead to the privatizing of water.

“People are waking up one morning to find a bottling company has arrived and is just sucking the stuff out of the ground.”

© The Vancouver Province 2005

Scoping out soundproofing – doc.

Sunday, June 5th, 2005

CODE: Building may not have any special treatment

Dianne Rinehart
Province

TORONTO — New-home advertisements that promise granite kitchen counters, hardwood floors, and step-up Jacuzzi bathtubs may be enticing, but asking questions about the soundproofing materials and construction techniques used in your potential new home may be a better investment in happiness.

“You walk into a place, it’s three bedrooms and it’s near a good school,” says Toronto architect Paul Raff of Paul Raff Studio, “and you think: ‘This is it!'”

And you don’t ask questions about soundproofing — out of sight, out of mind, Raff says.

“It’s invisible. But it has a huge impact on quality of life.”

Consumers may also feel they are protected — in new buildings at least — by the building code. But, experts agree, that is not the case.

Building to the code is “the worst building you can legally build,” says Rob Stevens, a partner with HGC Engineering, which consults on sound transmission for builders and condominium corporations.

“It’s not a blueprint for an excellent building. It’s the minimum requirement.”

Or, as John Straube, a professor in the civil engineering department at the University of Waterloo, puts it: “Codes are the worst building you can make without going to jail.”

Canada’s building code addresses soundproofing by requiring the construction components deliver a 50 Sound Transmission Class (STC) in lab tests, while most European codes, where people have lived closely together for centuries, are set higher.

With an STC of 50, you will still hear loud speech, TVs and stereos, says John Humphries, the technical advisor to Toronto‘s Chief Building Official.

And even a few points can make a huge difference in what you can or cannot hear. For example, an STC of 60 would halve the amount of sound you perceive hearing from a 50 STC, virtually the same effect as reducing emissions from a noise source by 10 decibels, Stevens says.

As well, the building code addresses the sound frequencies of voices, not the bass sounds emitted by stereo and TV sound systems — low-frequency sounds that require much more soundproofing than a higher frequency voice.

© The Vancouver Province 2005

Smile you are on a spy camera – doc.

Sunday, June 5th, 2005

SURVEILLANCE GEAR: Monitoring equipment can be hidden almost anywhere now

Elaine O’Connor
Province

 

CREDIT: Jason Payne, The Province

Spy Zone’s night-vision binoculars offer a SWAT-team level of performance.

 

Spy gear has come a long way from periscopes and pen cameras. The latest espionage accessories are high-style and high-tech.

Today’s sophisticated spy cameras are no longer limited to buttonholes and duffle bags. Virtually any office or household item can be outfitted with electronic eyes.

Among the most practical are cameras masquerading as working alarm clocks (Spy Zone’s wireless, coloured camera model is $260), pencil sharpeners, TV antennas, smoke detectors, baby monitors, cigarette packs, exit signs, VCRs, plants, cellphones, table lamps, teddy bears and books.

Think you could spot one of these covert appliances? Don’t forget to look up: a replica ceiling sprinkler ($495 US; www.spystuff.com) serves as an aerial Big Brother.

Outdoor monitoring requires heavy-duty hardware such as night-vision goggles. Spy Zone’s Starlight infrared night-vision binoculars offer SWAT-team style performance, amplifying nighttime ambient light to create an image field ($999; www.spyzoneonline.com).

For outdoor, after-dark recording, Purely Security’s Dual Wide Angle Night Vision Wireless Cameras let you switch channels for two different infrared camera views ($215 US). Or create your own after-dark recorder using a night-vision wireless unit the size of a sugar cube ($50 US; both available at www.purelysecurity.com).

No modern-day Mata Hari should embark on a mission without stocking her purse with portable spy goodies: a lipstick-sized camera for powder-room photos ($180 US; www.cctvwholesalers.com), a peephole reverser to see into hotel rooms ($150) and sunglasses with mirrors to check for tails ($15; both www.spycityonline.com).

Don’t forget spy pens and paper: The latest pens write upside down and under water, detect counterfeit bills with special ink or use disappearing ink. Spy paper dissolves when wet (pens $12-$20, paper $10; www.spycityonline.com).

Need to give an anonymous tip? Placed over any phone receiver, the Micro Voice Disguiser ($69.95 US; www.spyworld.com) can even make a woman’s voice sound like a man’s.

Meanwhile, cyber sneaks and computer hackers are having a field day with spyware.

Keystroke loggers allow users to capture and record keystrokes: everything from e-mail and bank passwords to website addresses. This gizmo can wreak havoc on a user at a public internet terminal ($159; www.thespystore.com). Phone jammers can circumvent call display by faking numbers using software such as CIDMAGE ($59.95 US; www.artofhacking.com).

For every spy there’s a counter-spy, and counter-surveillance gear is key to stopping security threats.

Bug detectors will unearth listening devices, wireless cameras, cellphones and taps ($240; www.spyworld.com).

To foil bugs you can’t find, room sound barriers such as the AJ-34 Audio Jammer will generate a masking hiss that desensitizes microphones or recorders ($129 US; www.thespysource.com).

If you want to scramble spy cameras, video detectors will identify oscillation field emissions and sound an alert.

To clear your phone line, telephone tap detectors can pick up line taps and radio-frequency signals from body wires and automatically mute conversations ($350 each; www.spycityonline.com).

MISSION CLASSIFIED

Not every mission is possible. Nor every spy gadget practical.

No one knows this better than the CIA. To celebrate the 40th anniversary of its Directorate of Science and Technology in 2003, it curated an exhibition of its silliest surveillance inventions.

Absurd espionage experiments include a 1970s project to fly a minibug into a room using an actual mechanical insect.

Luckily, scientists realized that a bumblebee robot would fly too erratically before they got too far.

Then they tried a dragonfly spy prototype before researchers discovered the “insectothopter” could be brought down by wind.

They weren’t all failures. The agency successfully used listening devices disguised as tiger droppings in Vietnam and flew pigeons with tiny cameras strapped to their chests above enemy targets.

It also tested a rubber robot catfish named Charlie that was designed to swim undetected in rivers.

His mission is still classified.

© The Vancouver Province 2005

Smile — you’re on a spy camera

Sunday, June 5th, 2005

SURVEILLANCE GEAR: Monitoring equipment can be hidden almost anywhere now

Elaine O’Connor
Province

 

CREDIT: Jason Payne, The Province

Spy Zone’s night-vision binoculars offer a SWAT-team level of performance.

 

Spy gear has come a long way from periscopes and pen cameras. The latest espionage accessories are high-style and high-tech.

Today’s sophisticated spy cameras are no longer limited to buttonholes and duffle bags. Virtually any office or household item can be outfitted with electronic eyes.

Among the most practical are cameras masquerading as working alarm clocks (Spy Zone’s wireless, coloured camera model is $260), pencil sharpeners, TV antennas, smoke detectors, baby monitors, cigarette packs, exit signs, VCRs, plants, cellphones, table lamps, teddy bears and books.

Think you could spot one of these covert appliances? Don’t forget to look up: a replica ceiling sprinkler ($495 US; www.spystuff.com) serves as an aerial Big Brother.

Outdoor monitoring requires heavy-duty hardware such as night-vision goggles. Spy Zone’s Starlight infrared night-vision binoculars offer SWAT-team style performance, amplifying nighttime ambient light to create an image field ($999; www.spyzoneonline.com).

For outdoor, after-dark recording, Purely Security’s Dual Wide Angle Night Vision Wireless Cameras let you switch channels for two different infrared camera views ($215 US). Or create your own after-dark recorder using a night-vision wireless unit the size of a sugar cube ($50 US; both available at www.purelysecurity.com).

No modern-day Mata Hari should embark on a mission without stocking her purse with portable spy goodies: a lipstick-sized camera for powder-room photos ($180 US; www.cctvwholesalers.com), a peephole reverser to see into hotel rooms ($150) and sunglasses with mirrors to check for tails ($15; both www.spycityonline.com).

Don’t forget spy pens and paper: The latest pens write upside down and under water, detect counterfeit bills with special ink or use disappearing ink. Spy paper dissolves when wet (pens $12-$20, paper $10; www.spycityonline.com).

Need to give an anonymous tip? Placed over any phone receiver, the Micro Voice Disguiser ($69.95 US; www.spyworld.com) can even make a woman’s voice sound like a man’s.

Meanwhile, cyber sneaks and computer hackers are having a field day with spyware.

Keystroke loggers allow users to capture and record keystrokes: everything from e-mail and bank passwords to website addresses. This gizmo can wreak havoc on a user at a public internet terminal ($159; www.thespystore.com). Phone jammers can circumvent call display by faking numbers using software such as CIDMAGE ($59.95 US; www.artofhacking.com).

For every spy there’s a counter-spy, and counter-surveillance gear is key to stopping security threats.

Bug detectors will unearth listening devices, wireless cameras, cellphones and taps ($240; www.spyworld.com).

To foil bugs you can’t find, room sound barriers such as the AJ-34 Audio Jammer will generate a masking hiss that desensitizes microphones or recorders ($129 US; www.thespysource.com).

If you want to scramble spy cameras, video detectors will identify oscillation field emissions and sound an alert.

To clear your phone line, telephone tap detectors can pick up line taps and radio-frequency signals from body wires and automatically mute conversations ($350 each; www.spycityonline.com).

MISSION CLASSIFIED

Not every mission is possible. Nor every spy gadget practical.

No one knows this better than the CIA. To celebrate the 40th anniversary of its Directorate of Science and Technology in 2003, it curated an exhibition of its silliest surveillance inventions.

Absurd espionage experiments include a 1970s project to fly a minibug into a room using an actual mechanical insect.

Luckily, scientists realized that a bumblebee robot would fly too erratically before they got too far.

Then they tried a dragonfly spy prototype before researchers discovered the “insectothopter” could be brought down by wind.

They weren’t all failures. The agency successfully used listening devices disguised as tiger droppings in Vietnam and flew pigeons with tiny cameras strapped to their chests above enemy targets.

It also tested a rubber robot catfish named Charlie that was designed to swim undetected in rivers.

His mission is still classified.

© The Vancouver Province 2005

Metroliving – Six buildings in Downtown for simplicity

Saturday, June 4th, 2005

DOWNTOWN I Developer branches out with a multi-building undertaking that will appeal to buyers looking for something unique

Michael Sasges
Sun

CREDIT: Glenn Baglo, Vancouver Sun 540 Beatty

CREDIT: Glenn Baglo, Vancouver Sun 531 Beatty

CREDIT: Glenn Baglo, Vancouver Sun 1241 Homer

CREDIT: Glenn Baglo, Vancouver Sun 1180 Homer

CREDIT: Glenn Baglo, Vancouver Sun 1180 Homer

CREDIT: Glenn Baglo, Vancouver Sun 1180 Homer

METROLIVING

Presentation centre address:

1 – 1060 Homer, Vancouver

Telephone: 604-682-1050

Web: www.metroliving.ca

Project size: 197 homes, six downtown buildings, four new, two heritage, 6 – 8 storeys

Residence size:

531 Beatty, 33 apartments, five penthouses;

540 Beatty, eight studios, 28 one-bedroom apartments, 12 two-bedroom, nine penthouses;

999 Seymour, 14 studios, 18 lofts, 22 one-bedroom, six two-bedroom; three penthouses; 1168 Richards, one one-bedroom; 11 two-bedroom, two penthouses;

1180 Homer, 15 apartments, of which six have been bought;

1241 Homer, 12 one and two-bedroom apartments.

Prices:

531 and 540 Beatty, starting at $299,000 (tentatively) or about $560/sq.ft.;

1180 and 1241 Homer, starting at more than $700,000 (tentatively) or about $600/sq.ft.

Warranty: St. Paul Guarantee

The Metroliving story is singular for its simultaneous simplicity and complexity. At almost 200 new homes in six downtown buildings, it definitely has many parts. But it has one only protagonist, Rick Ilich of the Townline group of companies.

If they could, the “Nine Maidens” on the old Sun Tower down the block from the Beatty Street properties would be cheering Ilich on, although probably with a blush at the red hoardings that announce his success in negotiating with city hall and his suppliers, material, professional and trades, six times over.

Townline’s downtown foray, after 25 years mostly in the suburbs, has at least two push-me, pull-me points of departure:

* A new-home product that would lessen the influence of interest rates on the company’s fortunes.

* A new-home product, accordingly, that would appeal to buyers who are less influenced by interest rates than most buyers.

These buyers are more likely than not to be passionate about unique, even unconventional, residences in smaller buildings that whisper singularity and exclusivity. They will be ”mature” buyers and, further, ”mature” buyers from around the world, Ilich expects.

He does not mean mature in years necessarily. He means mature in the strength of their conviction that their next home will be downtown and, further, that it will not be in a downtown tower, but in an “infill” building, either new construction or rehabilitation and conversion.

”This is, really, all about the maturity of the city and its growth. This city is a model internationally for urban redevelopment. We think that what we will produce is the next level, urban infill,” he said in an interview.

”These little 50, 75, 100-foot lots take just as much work, if not more, than the 150, 175, 200-foot lots where you might be putting in 200 units in a tower. We decided to take on the extra level of brain damage for, perhaps, a smaller return, but we felt we were helping to identify a marketplace that hasn’t been tapped yet.

”That was our business plan, not trying to follow suit, but, perhaps to lead . . . .”

The pull motivation was the business cycle, the inevitability of a waning in demand for new-home product.

“We felt that we could have rolled into town and done the same thing everybody else was doing,” Ilich said.

CREDIT: Glenn Baglo, Vancouver Sun

531 Beatty

 

“But . . . if and when there is that shift in the marketplace that happens in every cycle – [and] I certainly don’t foresee it any time soon – I did not want to be halfway through a 30-storey building and have the market shift on me.

“I felt we could do these smaller, more sophisticated buildings, that were not that affected by a quarter-point or half-point rate-rise. I wanted to focus more on people who were more independent financially, who are not relying on the banks entirely. So if and when there is a shift in the market I felt we would have a better chance of escaping through that. And I felt strongly about that.”

Developing the properties simultaneously is what makes Metroliving so exciting for him, Ilich says.

”We’re re-creating everything. This is not your typical product, not your typical process, not your typical buyer. We’re developing systems not just in our business, but in city hall that are all about innovation and uniqueness. [Other developers and municipalities] are all stepping back and taking note.”

Of the six properties, two of the structures are entries in city hall’s List of Protected Heritage Properties.

540 BEATTY, THE CRANE BUILDING

Built in 1911 and used by the plumbing supplier as a warehouse until 1956, according to city hall records, this building of eight storeys, five of them on Beatty, will be converted by Townline into 57 new homes, with shops on Beatty and parking under.

The nine penthouses will be an addition “set back behind the Beatty Street facade so that it will not be seen from street level,” Ilich comments.

In a report to council recommending it approve Townline’s Crane Building development application, city hall staff commented:

“The east side of the 500 block of Beatty Street is a fully intact, historically significant streetscape with all buildings exhibiting distinctive heritage character.

“The northerly end of this block is completed by the Sun Tower building. Staff believe selective increases in density accomplished through appropriately scaled rooftop additions can extend the building life while building upon the prevailing scale and character of the block.”

1180 HOMER, THE MCMASTER BUILDING

Another warehouse, but constructed one year before the Crane Building, the McMaster Building is clad on Homer with a rarely seen white glazed brick. Located on the east side of Homer and stepping down to Hamilton, the property’s 15 homes will be located behind the heritage facade. Ilich expects the first owners to move in in the first quarter of next year.

Commented city hall staff in its recommendation to council that it approve the McMaster redevelopment: “The McMaster building . . . was part of the first wave of development of Yaletown.

“The building has an ‘Edwardian-Commercial’ style and is an excellent example of the architectural approach taken with buildings in the area.”

Convenient and secure parking at each building was an important goal for Ilich.

CREDIT: Glenn Baglo, Vancouver Sun

1241 Homer

 

“I can’t comprehend being downtown without a car, especially being downtown in a high-end residence, maybe something that costs a million dollars, and waiting at a bus stop. That’s the one part of the model that’s pretty conventional.”

At the Crane Building the three floors below Beatty will be used for parking, with entry and exit from the lane that parallels the street. City hall staff’s discussion of the parking floors illustrates its expectations that the 500 block of Beatty is prime residential redevelopment country.

” . . . lanes are generally the required location for site access to preserve pedestrian ambiance and safety along the sidewalk, and any parking entry from Beatty Street would compromise the heritage character of the building and streetscape.

“By converting to residential use, this project will generate less traffic from larger trucks, and this should help limit traffic in the lane. In future when development occurs at the north end of the lane, special attention will be paid to the design at the lane and especially how it interfaces with the street.”

HERE’S LOOKING AT YOU, VANCOUVER

With so many gin joints available around the world, why would an overseas buyer buy a Vancouver home and not, say, a Casablanca home?

Ashley Lang, an 1180 Homer buyer with his wife, and currently the owner of homes, not in Casablanca, but close (in southern Spain and Gibraltar) reported his motivation this way (in an email to the developer):

Vancouver has one of the most sophisticated, livable city centres I have had the opportunity to experience. The safe and easy access to urban parks and the seawall are fabulous attractions for pet owners like us.

”The quality of restaurants and social spots within walking distance are amazing, and of course the opportunity to plunk such a cool home right in the centre of it all is amazing. We are both still blown away by our good fortune.

”We travel a lot, so the security associated with the underground parking and the boutique nature of this building was a big factor in our decision. And to get that wrapped in to a heritage style with brick, reclaimed wood floors and beams in this location, that’s just good luck.”

About himself, Lang reports he is a 33-year-old marketing executive with an Internet entertainment company and a resident of Spain. He and his wife have no children.

HOW HISTORY RESONATES THROUGH TWO RESIDENCES

In 1910, the year construction started on the McMaster Building:

The main post office, incorporated in today’s Sinclair Centre, opened;

The first Pacific National Exhibition predecessor opened, Prime Minister Wilfrid Laurier presiding over the official proceedings;

Glen Brae, today’s Canuck Place, was built in Shaughnessy;

The first B.C. Federation of Labour was formed, the 26 delegates committing themselves to the pursuit of the eight-hour day and socialism;

Woodward’s held its first $1.49 Day, only it was Quarter Day;

The Dominion Building was erected at the northwest corner of Hastings and Cambie.

In 1911, the year the Crane Building was constructed:

CREDIT: Glenn Baglo, Vancouver Sun

1180 Homer

CREDIT: Glenn Baglo, Vancouver Sun

999 Seymour

CREDIT: Glenn Baglo, Vancouver Sun

1168 Richards

 

Vancouver‘s population of 120,847 had doubled in five years;

Commercial Drive was created from Park Drive, the former apparently signaling the hopes of real estate promoters for a grand commercial thoroughfare, the latter its journey’s end at Clark Park;

The provincial courthouse, today’s Vancouver Art Gallery, opened on Georgia Street in a Francis Rattenbury building;

Construction also started on the World Building, today’s old Sun Tower; Vancouver Rowing Club in Stanley Park; Point Atkinson Lighthouse; the Sylvia Hotel; Brock House on Point Grey Road; and the Rogers Building, Granville and Pender.

History of Metropolitan Vancouver, www.vancouverhistory.ca

© The Vancouver Sun 2005

Two Harbour Green project meets sales goal

Saturday, June 4th, 2005

Developers held back five apartments and two townhouses

Sun

CREDIT: Glenn Baglo, Vancouver Sun Standing tall, and with good reason, sales director Lily Korstanje was taking orders on the day Platinum Project Marketing opened the Two Harbour Green preview centre in the Guinness Tower.

The developer of the Two Harbour Green new-home project has sold everything executives decided to sell, the project’s marketer said Friday, 65 residences in 10 days with an average price of $2.5 million.

The developer, ASPAC, kept five apartments and two townhouses back to allow potential customers who couldn’t make offers in the first week of private previews to make offers.

”We’re currently taking expressions of interest with a closing date of late June so everyone has a chance to make an offer,” said the project’s marketer, George Wong, of Platinum Project Marketing, Macdonald Realty.

”It’s the most equitable way of making this high-demand product available to all.”

The 65 sales generated $160 million in revenues. One Harbour Green sold out in eight weeks in 2003 and generated $110 million in sales.

Most of the Two Harbour Green buyers were Lower Mainland residents.

”Locals now recognize the finite value of Coal Harbour and didn’t want to miss out on the opportunity to own one of the last two downtown waterfront towers offered for sale,” Wong said in a news release.

The Two Harbour Green residences range in size from 2,400 to 3,600 square feet and feature some of the finest appointments and finishings money can, including kitchens by Snaidero, appliances by Miele and lighting from Lutron.

Amenities include a small golf centre and putting green, swimming pool, adjacent sundeck, spa with steam room, sauna, whirlpool, fitness centre and a guest suite for out of town visitors.

There’s a race for top spot brewing in Vancouver‘s high-end luxury condominium market where two as-yet unbuilt projects have units with asking prices in excess of $7 million.

The status of the penthouse — unsold — does nothing to help declare a winner in the race for the most expensive multi-residence new home in the province.

Bob Rennie, marketer of a 5,200-square-foot condo on the top floor of the under-construction Shangri-La at Georgia and Thurlow, has that home listed for $7.4 million. The previous record of $6.9 million was for a 41st-floor home in the Shaw Tower last July.

© The Vancouver Sun 2005

Bogus bills worry us, but we don’t check our change

Saturday, June 4th, 2005

Eric Beauchesne
Sun

OTTAWA — Most Canadians feel counterfeiting is a problem but most also rarely, if ever, check the bank notes they are passed, according to the results of a survey conducted for the Bank of Canada.

Seven in 10 Canadians surveyed in March this year said counterfeiting is a problem, including one-quarter who felt it’s a “big problem,” about the same proportions as a year ago, the bank said in a report obtained by CanWest News Service through the Access to Information Act.

The continuing high level of concern is despite the introduction of bank notes of various denominations that have added security features to make it both more difficult for counterfeiters to produce good counterfeits and easier for Canadians to identify phony bills.

Despite that continuing concern, four in 10 said they “never” check their bank notes, and another three in 10 said they “almost never” do, which in total is 70 per cent, or the same percentage as said counterfeiting is a problem.

Further, those who were the most likely to believe counterfeiting is a problem, were also the most likely to never check their bank notes, the report noted.

However, the identity of that group was blanked out by the bank on the grounds that revealing who they were could “facilitate” the crime of counterfeiting.

“A counterfeiter’s chance of success depends on how closely Canadians look at their notes,” said Ginette Crew, a senior analyst at the Bank of Canada, adding that the central bank has made it “very easy” for them to check their notes with the introduction of notes with enhanced security features.

The survey, meanwhile, also found that Quebecers were the most likely to consider counterfeiting a big problem, with more than four in 10 feeling that way.

Concern about counterfeiting extends to the smallest denomination, the $5 bill, with 41 per cent of Canadians saying it’s a problem.

Again, Quebecers, at 33 per cent, were twice as likely as the rest of Canada to feel that the counterfeiting of the $5 note is a “big problem.”

The latest Bank of Canada figures show that last year 13,916 phony $5 notes were detected in circulation, down from more than 18,000 in 2003, but still the third highest number in any year on record.

The survey, however, found that only 18 per cent of Canadians have ever been offered or received a counterfeit note of any denomination, prompting the analysis of the results to suggest that there’s a “disconnect between perception and reality of [the] problem.”

The survey of 2,000 adult Canadians, conducted by SES Canada Research Inc., from March 17 to 22, is considered an accurate reflection of the views of all Canadians within 2.2 percentage points 19 times out of 20.

© The Vancouver Sun 2005

Ten-day condo sellout shows Coal Harbour waterfront lure

Saturday, June 4th, 2005

PROPERTY : Marketer George Wong says rush for luxury residences exceeded expectations

Derrick Penner
Sun

Sellers of the luxurious Two Harbour Green project in Coal Harbour moved 65 units for a total of $160 million within 10 days, a pace the realtor is claiming as a Vancouver record.

Marketer George Wong, of Platinum Project Marketing, Macdonald Realty, said it wasn’t quite a sellout, but that was only because he held back seven units — including the $7.25-million penthouse — for potential buyers targeted in the mailing segment of their marketing campaign.

Many potential buyers put down a $10,000 “appointment fee” to see the project’s presentation centre, then paid an average of $2.5 million per suite, or $900 per square foot. Wong added that about 90 per cent of the buyers were from the Vancouver market.

“It certainly exceeded our expectations,” Wong said in an interview, adding that it goes to show that Vancouverites are beginning to “recognize the finite value of Coal Harbour” as a premium neighbourhood.

He added that it surpasses the sellout of the project’s predecessor sister tower, One Harbour Green, which sold out in eight weeks for a total value of $110 million.

The sales results come as no surprise to observers of Vancouver‘s high-end real-estate market who still see a high demand for properties that, in the rarefied air of multi-millionaires, are regarded as bargains.

“I think [Two Harbour Green] is under priced,” rival realtor Bob Rennie, of Rennie Marketing Systems, said. “That is just one of the best buys in the market,” because there are so few waterfront properties left in Coal Harbour.

The only sites left to be developed are Three Harbour Green and the proposed Fairmont Hotel project near the Vancouver Convention and Exhibition Centre, Rennie added, so a builder cannot come along in three years to throw up another tower in Coal Harbour.

“That’s it, in the history of Vancouver,” he said.

Malcolm Hasman, of Angell Hasman & Associates, said the luxury market in Vancouver “is enormous, and hungry for quality waterfront [properties].”

“We are so affordable on an international level for the kind of high-end real estate we’re marketing,” he added.

Hasman, a long-time seller in the luxury market, said Vancouver is increasingly popular among an international clientele — particularly from developing countries and mainland China — who have portable wealth and like the city for its quality of life.

Wong said he expects most of the remaining units to be sold by the end of next week, except for the penthouse, the sale of which will be handled “similar to a Christie’s auction.”

He said 10 parties have been selected to preview the suite. They will then make “formal documentation” to bid on it, with a closing date of June 24.

© The Vancouver Sun 2005

The Suite Life

Friday, June 3rd, 2005

Louisa McCormack
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L’Hermitage en Ville – Ming Pao

Friday, June 3rd, 2005

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