Archive for May, 2006

Housing prices unlikely to drop

Tuesday, May 9th, 2006

It could be a long wait for affordable city homes

Wendy Mclellan
Province

Hopeful homebuyers waiting for the Lower Mainland’s runaway house prices to stumble so they can get into the market could be a waiting a long, long time, says one of Canada’s top-ranked economists.

“House prices here have become really unreachable,” said Sherry Cooper, chief economist for BMO Nesbitt Burns, who was in Vancouver yesterday to speak to business leaders about Canada’s place in the global economy.

“I think house prices are going to slow — they already have in Toronto — but I don’t see them dropping.

“It might happen when the majority of the baby boomers reach their 70s and they can’t walk up the stairs any more, or want to downsize. That would lead to a glut of houses on the market.”

If Cooper’s prediction is correct, that means house prices may drop in 30 years.

Meanwhile, people are signing up for huge mortgages to get into the real-estate market. She said Canadians used to focus on paying off their mortgage by their mid-50s, but with financial institutions offering 30- and 35-year amortizations and the median price of a home in Greater Vancouver reaching $500,000, it may take an extra decade to pay off the mortgage.

House prices, the dollar and the price of gas are all increasing, Cooper said, but the Canadian economy is in excellent shape and she sees no sign of a recession.

“Our economy is the second strongest in the G7 and the stock market outperforms every other country. I don’t see an accident waiting to happen,” she said.

Cooper also doesn’t predict any big change in interest rates.

Construction: Housing starts plummet

 

 

OTTAWA — Housing starts fell by a dramatic 13.3 per cent in April from one year earlier, a surprising signal of weakness in what has been a buoyant sector of the economy.

Residential construction starts dropped to an annualized rate of 218,100 last month, down from a revised figure of 251,700 reported in April, Canada Mortgage and Housing Corp., said yesterday.

 

© The Vancouver Province 2006

Bankruptcy is the last resort

Monday, May 8th, 2006

Several other options may be available

Inez Dyer
Province

One of the hardest decisions is whether to declare personal bankruptcy.

There’s not only the emotional toll but also the long-term damage it does to one’s credit rating. While the bankruptcy is discharged in as little as nine months, the hit to your credit lasts seven agonizing years.

During that time, no bank, credit-card or finance company will be willing to extend you credit. If you happen to find a lender, your interest rate could reach 25 per cent or more.

If you have no savings and are behind on your monthly obligations, using credit to pay for basic needs and receiving frequent calls from collection agencies, declaring personal bankruptcy is only one of the choices available to you.

– One possibility is an orderly payment of debts, a formal arrangement made through credit-counselling services. Your creditors are contacted and, if they agree, your interest stops accruing on that date.

Once accepted, you must pay 100 per cent of what you owe plus five-per-cent interest over the next 48 months. Your credit rating immediately drops to an “R7” (the lowest possible rating) until your obligations are met in full.

– With help from a credit-counselling service or on your own, you can try to negotiate a settlement offer with creditors. By outlining the reasons for your financial disarray and proposing a one-time payment to settle your debt — based on a reasonable percentage of the amount owing — creditors may be willing to take it and cut their losses.

Of course, your credit rating will reflect the writeoff.

– With a consumer proposal, which is organized through a bankruptcy trustee, your unsecured creditors are contacted and you make a proposal to repay a certain percentage of your total debt. It may be as little as 20 per cent.

If your creditors agree, the interest stops accruing on that date and you must pay the agreed amount over a maximum of five years. Again, your credit rating becomes an R7 and the consumer proposal will stay on your credit history for the five years you’re making payments plus an additional three years.

A consumer proposal has advantages over a bankruptcy. It allows you to repay only a percentage of your total unsecured debts without interest and retain all your personal belongings.

During the time you are in a consumer proposal, you are protected from legal proceedings, including wage garnishments and seizure of assets. You are also provided with free budget counselling.

– If you are at least 18 years old, owe $1,000 or more, are unable to meet your required payments and don’t own enough property to pay all your unsecured debts, you can declare personal bankruptcy. It must be done through a bankruptcy trustee for a flat fee of $1,800.

You are still responsible for paying alimony, child support, maintenance, fines, debts arising from fraud and all student loans less than 10 years old. You will also be required to continue paying all secured loans, such as your mortgage.

And if someone has co-signed a loan with you prior to your bankruptcy, then that person will be responsible for the repayment of that debt.

All of your unsecured creditors are contacted. Once your assets are seized and sold, you will no longer be responsible for any repayment of your unsecured debt.

You remain in bankruptcy for nine months, after which you receive a court document called a “discharge of bankruptcy” that must be filed with both national credit agencies (Equifax and Transunion). Your credit rating will once again become R7 and the bankruptcy will remain on your file for seven years.

© The Vancouver Province 2006

MyRealPage Realtors Website offers auto emails of listings before MLS.ca

Saturday, May 6th, 2006

Joanne Blain
Sun

Think you’ll get the jump on other home buyers by checking the Internet for new listings a couple of times a day?

Not likely.

In the Lower Mainland’s overheated real-estate market, it’s not unheard-of for choice properties to be snapped up even before they hit public real-estate search sites.

But a new web-based service lets buyers get detailed information on new listings at the same time agents see it — up to two days before it shows up on other search sites.

For prospective buyers like Elizabeth Armour, that’s an “exponential” advantage. She was frustrated in her search for a condo because “every time I found something suitable, there were three or four offers on it.”

But she now has a deal pending on a Whalley condo she found through the service, called Virtual Office Websites or VOW.

The service is free to browsers, but they have to sign up for it through one of the more than 200 real-estate agents in the Lower Mainland and Fraser Valley who currently subscribe to it.

“It basically allows the public access to market information that traditionally only realtors have had access to,” says Ray Giesbrecht of MyRealPage.com, which markets the service. “This is democratizing the process, for lack of a better word.”

Before it was introduced in the Lower Mainland about six months ago, buyers who were not working with an agent were limited to surfing on mls.ca or realtylink.org, the public sites run by the Canadian Real Estate Association and the Real Estate Board of Greater Vancouver.

Both those sites post new listings about 48 hours after agents see them — a time lag created to give buyers an incentive to work with an agent, which varies in length from one real-estate board to another. And the information they provide is far more limited than agents receive — it doesn’t list things like room dimensions, for example, or the number of days the home has been on the market.

But buyers who sign up on a Virtual Office Website — which they will find on an individual agent’s site by clicking on a “for clients only” or “become a new client” tab — can get virtually all the information that an agent sees on a new listing, with no built-in delay. And they don’t even have to directly contact the agent to use the service.

Of course, that’s not the goal for agents, who pay a $145 set-up fee for the service, plus $45 a month. They hope browsers who sign up for the service will eventually become clients.

Leslie Titus of HomeLife Benchmark Titus Realty in Cloverdale has been using the service for about two months and says she has already signed up new clients as a direct result.

Armour is one of them. She wasn’t quite sure what the service was when she stumbled across it on Titus’s website, but she was pleased to discover it would let her search for very specific things — only top-floor condos with a master bedroom large enough to accommodate her furniture.

She was happy to be able to shop for prospects on her own and called Titus only when she found what she was looking for. “I found it, I called her and I said ‘I want to see it ASAP.’ “

Marion Patrick of Re/Max Crest Realty Westside says it’s particularly useful for people “who are just putting their toe in the water” of the real-estate market and aren’t yet ready to contact an agent.

Signing up for the service does give agents a prospective buyer’s contact information. But both Patrick and Titus say they’re happy to let lookie-loos browse away, with the hope that would-be buyers will turn to them when they get serious about finding a property.

But aren’t some real-estate agents worried that buyers won’t even need an agent if they can get immediate access to virtually all relevant information on a new listing?

Titus says she didn’t have qualms about that. Most buyers still want an agent to represent them when they are negotiating a home purchase. “They still need us to set up appointments and take them around.”

Rick Valouche, president of the Real Estate Board of Greater Vancouver, agrees that most buyers will at some point want to work directly with an agent. “Nothing is ever going to replace that face-to-face interaction.”

Valouche also points out that buyers who work directly with a real-estate agent have long been able to get many of the advantages the Virtual Office Website offers.

Agents have the option of registering their clients on the realtor-only MLS website, so that prospective buyers can receive immediate notification of properties that meet their search criteria, and with the same detailed information agents receive. They cannot, however, search the site on their own.

Giesbrecht says Virtual Office Websites have been somewhat controversial because they give buyers information they used to be able to get only from agents.

But agents like Patrick say fears about the new service are just as unwarranted as initial concerns about public search sites like mls.ca and realtylink.org.

“I remember when properties were first available online, some agents said ‘oh, they’ll never use us now,’ ” she says. “They use us more now.”

© The Vancouver Sun 2006

 

MyRealPage Realtors Website offers auto emails of listings before MLS.ca

Saturday, May 6th, 2006

Joanne Blain
Sun

Think you’ll get the jump on other home buyers by checking the Internet for new listings a couple of times a day?

Not likely.

In the Lower Mainland’s overheated real-estate market, it’s not unheard-of for choice properties to be snapped up even before they hit public real-estate search sites.

But a new web-based service lets buyers get detailed information on new listings at the same time agents see it — up to two days before it shows up on other search sites.

For prospective buyers like Elizabeth Armour, that’s an “exponential” advantage. She was frustrated in her search for a condo because “every time I found something suitable, there were three or four offers on it.”

But she now has a deal pending on a Whalley condo she found through the service, called Virtual Office Websites or VOW.

The service is free to browsers, but they have to sign up for it through one of the more than 200 real-estate agents in the Lower Mainland and Fraser Valley who currently subscribe to it.

“It basically allows the public access to market information that traditionally only realtors have had access to,” says Ray Giesbrecht of MyRealPage.com, which markets the service. “This is democratizing the process, for lack of a better word.”

Before it was introduced in the Lower Mainland about six months ago, buyers who were not working with an agent were limited to surfing on mls.ca or realtylink.org, the public sites run by the Canadian Real Estate Association and the Real Estate Board of Greater Vancouver.

Both those sites post new listings about 48 hours after agents see them — a time lag created to give buyers an incentive to work with an agent, which varies in length from one real-estate board to another. And the information they provide is far more limited than agents receive — it doesn’t list things like room dimensions, for example, or the number of days the home has been on the market.

But buyers who sign up on a Virtual Office Website — which they will find on an individual agent’s site by clicking on a “for clients only” or “become a new client” tab — can get virtually all the information that an agent sees on a new listing, with no built-in delay. And they don’t even have to directly contact the agent to use the service.

Of course, that’s not the goal for agents, who pay a $145 set-up fee for the service, plus $45 a month. They hope browsers who sign up for the service will eventually become clients.

Leslie Titus of HomeLife Benchmark Titus Realty in Cloverdale has been using the service for about two months and says she has already signed up new clients as a direct result.

Armour is one of them. She wasn’t quite sure what the service was when she stumbled across it on Titus’s website, but she was pleased to discover it would let her search for very specific things — only top-floor condos with a master bedroom large enough to accommodate her furniture.

She was happy to be able to shop for prospects on her own and called Titus only when she found what she was looking for. “I found it, I called her and I said ‘I want to see it ASAP.’ “

Marion Patrick of Re/Max Crest Realty Westside says it’s particularly useful for people “who are just putting their toe in the water” of the real-estate market and aren’t yet ready to contact an agent.

Signing up for the service does give agents a prospective buyer’s contact information. But both Patrick and Titus say they’re happy to let lookie-loos browse away, with the hope that would-be buyers will turn to them when they get serious about finding a property.

But aren’t some real-estate agents worried that buyers won’t even need an agent if they can get immediate access to virtually all relevant information on a new listing?

Titus says she didn’t have qualms about that. Most buyers still want an agent to represent them when they are negotiating a home purchase. “They still need us to set up appointments and take them around.”

Rick Valouche, president of the Real Estate Board of Greater Vancouver, agrees that most buyers will at some point want to work directly with an agent. “Nothing is ever going to replace that face-to-face interaction.”

Valouche also points out that buyers who work directly with a real-estate agent have long been able to get many of the advantages the Virtual Office Website offers.

Agents have the option of registering their clients on the realtor-only MLS website, so that prospective buyers can receive immediate notification of properties that meet their search criteria, and with the same detailed information agents receive. They cannot, however, search the site on their own.

Giesbrecht says Virtual Office Websites have been somewhat controversial because they give buyers information they used to be able to get only from agents.

But agents like Patrick say fears about the new service are just as unwarranted as initial concerns about public search sites like mls.ca and realtylink.org.

“I remember when properties were first available online, some agents said ‘oh, they’ll never use us now,’ ” she says. “They use us more now.”

© The Vancouver Sun 2006

 

Buyers snap up Eastside Espana towers

Saturday, May 6th, 2006

VANCOUVER I Espana third robust endorsement this year of reclamation by residency of neighbourhood

Sun

Standard in the Espana master bathrooms will be a free-standing tub and, accordingly, a separate shower; a wall-mounted vanity; porcelain-tile flooring; and polished chrome plumbing fixtures. Photograph by : Glenn Baglo, Vancouver Sun

NEVER OUT OF DATE: Timeless components, stylish any place, any where, include the hardwood floors and the “le Corbusier” sofa and arm chair. Photograph by : Glenn Baglo, Vancouver Sun

TOP OF THE LINE, OF COURSE: All homes will have European-style cabinets, granite countertops and stainless steel appliances, including in the kitchens built-in microwaves and wine coolers. Photograph by : Glenn Baglo, Vancouver Sun

TOP OF THE LINE, OF COURSE: A polished-chrome faucet and spray combination commands centre stage in the kitchen. Like hardwood floors, it is standard; there are no upgrades here. Photograph by : Glenn Baglo, Vancouver Sun

Standard in the Espana master bathrooms will be a free-standing tub and, accordingly, a separate shower; a wall-mounted vanity; porcelain-tile flooring; and polished chrome plumbing fixtures. Photograph by : Glenn Baglo, Vancouver Sun

Standard in the Espana master bathrooms will be a free-standing tub and, accordingly, a separate shower; a wall-mounted vanity; porcelain-tile flooring; and polished chrome plumbing fixtures. Photograph by : Glenn Baglo, Vancouver Sun

ESPANA IN VANCOUVER

Presentation centre: 505 Abbott St.

Hours: Noon – 7 p.m. daily

Telephone: 604-915-7198

Web: espanaliving.com

Project size: 2 highrises, one mid-rise, 437 apartments, 14 townhouses

Residence size: 1 – 3 bedrooms, 835 sq. ft – 1,454 sq. ft.

Prices: From $232,800

Developer: Henderson Development Ltd.

Architect: Barry Downs and IBI/HB Architects

Interior design: Cristine Oberti

Tentative occupancy: November, 2008

Two-thirds sold before the presentation centre “grand opening” last weekend and 90 per cent sold by the middle of this week, Espana is the third Downtown Eastside new-home project this year to generate robust buyer acceptance.

The first was the 33 project half a block away from the Pender and Abbott site of the Espana project, 63 homes mostly bought in one February weekend.

The second was the Woodward’s project two blocks north of Espana, all 536 homes bought two weekends ago.

Espana’s Graham Snowden thinks his project sold so quickly because of location and design.

“People are starting to recognize this area is in transition. It’s the go-to area. A few years ago it was Yaletown and now it’s here,” says Snowden.

“Here,” of course, is an easy walk away from the downtown towers that employ so many of us. A Skytrain station at Dunsmuir and Beatty is literally steps away, by way of the “Keefer Steps,” for those whose workday destinations might take them away from the downtown peninsula.

”Here” going to market will be a treat, and not a chore, with the Lower Mainland’s first supermarket, Chinatown, close at hand.

”Here” those stylish shops that transform our necessities into lifestyle declarations are everywhere, in Gastown to the north and along Pender from Granville, to the west, to Main, to the east.

The Dr. Sun Yat-Sen Classical Chinese Garden is 11/2 blocks east of the Espana site. Arts and cultural activities abound to the west and south, anchored by the city-owned Queen Elizabeth Theatre, the Playhouse and the Orpheum.

Espana’s second attraction, in Snowden’s opinion, are the buildings, designed by architect Barry Downs, who came out of retirement to work on the project with IBI/HB Architects.

A Spanish-style courtyard with water features at the podium level has been a big selling point.

“You walk across a bridge and onto a landscaped patio. It gives a feeling like you’re on your own dock,” says Snowden, referring to the wet/dry water feature that will collect rain water during the rainy season and, when dry, show off golden colour pebbles.

The courtyard works with its natural setting to create a play of sun and shadow and will have lush garden plantings and private spaces to relax. The goal is to evoke a sense of being in a Spanish village plaza.

The homes facing this 25,000-square-foot courtyard are, not surprisingly, the most popular with buyers, Snowden reports.

Henderson Development has spent the past decade developing their properties around Abbott and Pender, which includes International Village, the Paris residential tower completed in 1995; the Europa, completed in 2000; and the Firenze tower, which will be ready for occupancy later this year.

Espana will also have a fully equipped exercise room, a 25-metre indoor swimming pool and a private theatre. There’s also a business centre/conference room for people who work from home and want to use a public space instead of their homes for meetings.

So far buyers have come from a wide spectrum, but are mostly affluent “who want to get a sense of urban living but in a village atmosphere,” Snowden says.

He adds they are also attracted to the high level of finishes and the sleek design by interior designer Christine Oberti.

Snowden says that unlike other condo projects there are no upgrades here. Everything is included, such as engineered wood flooring throughout (except the bathroom), the free-standing modern tub, granite countertops and stainless steel appliances.

The bathroom has a chrome polished faucet, a custom wall mounted cabinet with built-in vanity basin and porcelain tile flooring. The living space has an electric fireplace with mantle surround and a balcony and/or solarium.

© The Vancouver Sun 2006

A blueprint for urban change

Saturday, May 6th, 2006

CONFERENCES I A warm-up event before the UN’s World Urban Forum will study ways of keeping Greater Vancouver livable as it grows

Larry Pynn
Sun

Patrick Condon of UBC cites buildings like the McDonald’s redevelopment at Broadway and Blenheim, where the traditional restaurant has been replaced by a mixed-use building with the restaurant on the main floor and residential above, as an example of sustainable development. Photograph by : Ian Lindsay, Vancouver Sun

The population of Greater Vancouver will double to four million in half a century. How can the region accommodate that sort of growth? How should housing, jobs, and transportation be planned? Will the region remain livable when it’s all over?

Sharpen your pencils. You’ve got six hours to find the answers.

That’s the novel challenge being posed to up to 300 architects, landscape architects, and planners gathering in Vancouver for Super Saturday on June 17, a brainstorming event preceding the United Nations’ World Urban Forum in Vancouver.

“It’ll be exciting to work together,” says Chris DeMarco, development manager for the Greater Vancouver regional district. “It’s a planners-without-borders brainstorming session, thinking about the region as a whole, forgetting about municipal boundaries.”

Super Saturday will provide participants with a nine-by-13-metre aerial photo of the GVRD. Groups of three will each get a five-kilometre-square area of the region for which to offer planning solutions for projected population growth.

One of the key organizers of the event is Patrick Condon, a professor of landscape architecture at the University of B.C. who holds the James Taylor Chair in Landscape and Livable Environments.

What can be accomplished in six hours? Plenty, he insists, given the expertise of the participants.

“We hope it will provide an interesting picture of the region. Put the squares together and stand back and see what the collective opinion of this group would look like.”

Green energy-efficient buildings will form part of the equation, as will the repercussions of rising gas prices.

Condon figures it took perhaps 20 years to create a landscape almost entirely dependent on the automobile, and that it shouldn’t take any longer to reverse the trend into something more sustainable.

The increase in population in Vancouver’s downtown over the past decade or so to 80,000 from 40,000 shows that growth can be good, he said, citing a greater diversity of housing and people living closer to work.

“I’m an optimist. Why assume the region has to get worse? We think it could possibly get better. It defies conventional wisdom.”

The concept of the Super Saturday exercise is that properly planned neighbourhoods make for a sustainable region.

“Inside each square, how would you add that population to make it a better place, a more diverse place, a place where jobs are closer to home, and you can use transit as an option to driving your car?” Condon asks.

The six-hour exercise has adopted the boundaries of the GVRD in hopes of providing not just entertainment, but real solutions for a region beset with challenges.

Participants will be guided by six sustainability planning principles: jobs situated within communities to reduce driving time; high-density commercial and residential corridors along transit routes; residents within walking distance of services and amenities; green space for recreation and nature; a range of housing types to accommodate a mix of incomes in the same area; integrating natural systems to reduce infrastructure costs and environmental impact.

Condon said an example of the last principle would be certain streets in the Silver Valley area of Maple Ridge being built without curbs, allowing rain water to infiltrate naturally into the ground. The idea is to reduce costs (compared with conventional curb and gutter systems) and reduce environmental impact.

Super Saturday is part of a larger Sustainability by Design project aimed at building a consensus-based vision for a sustainable Greater Vancouver, neighbourhood-by-neighbourhood, community by community.

Of special interest to the project are commercial corridors, such as Hastings Street or Lougheed Highway; edges, such as the agricultural land reserve, green space, and developed urban areas; and nodes, key regional interchanges where transportation and natural systems merge, such as the Port Mann Bridge interchange next to the Coquitlam, Pitt, and Fraser rivers.

Deana Grinnell, assistant regional manager with the Fraser Basin Council, said ongoing project case studies involve the Kingsway corridor in Burnaby, the urban node in Langley township on 200th Street between 64th Ave. and the Highway 1 freeway, and the urban-agricultural edge interface in East Ladner in Delta.

As for Super Saturday, she is hopeful about tangible results.

“We’re working with design professionals rather than lay people.” Grinnell emphasizes.

“They’ll be moving fairly quickly. It may need a little brushing up . . . but I’m quite confident they can do it. It will be a fantastic opportunity for this region to learn from others and to share our experience. What have we learned and what more can we achieve?”

Condon says a sustainable region is possible without creating one supercity in Greater Vancouver, although he believes the Portland model of electing regional representatives deserves study. Municipal councils currently appoint mayors and councillors to the GVRD board according to a system based on population.

Building support from citizens and stakeholders is a key component of the project as well.

The concept is to provide the results to the public to keep them engaged, in hopes of winning their support for new sustainable ideas. “Citizens given a positive future, one they can vote for and get behind for themselves and their kids, are more likely to support the needed changes,” Condon said.

The project also seeks to incorporate economic development, environmental management, real estate, transportation, and public health into the regional planning exercise.

DeMarco said architects and landscape architects tend to be more site-focused, whereas planners deal in the bigger picture.

Super Saturday provides an opportunity for all three professions to work together on a common problem. Participation from professionals from other parts of the country and the world should add interesting new ideas to the mix.

Despite common guiding principles, DeMarco does not expect the planning proposals for each five-kilometre-square area to mesh perfectly. The final results of Super Saturday might not be enduring, but should provide ideas that can be further explored.

“I don’t see something fabulous and permanent after six hours. It won’t be cohesive, but at least we’ll discuss where more cohesion is needed, which issues are the bigger ones.”

For more information on Sustainability by Design, www.landfood.ubc.ca/sxd/overview.htm.

© The Vancouver Sun 2006

18 Suites Marketed Worldwide Kingswood: 6$m for ‘custom home’

Friday, May 5th, 2006

Ashley Ford
Province

The rich, American novelist F. Scott Fitzgerald once said, “are different than you and me.”

The first linking of that comes when the concierge at the Kingswood Shaughnessy, arguably “the premier uptown address” in Vancouver, hands you surgical slippers and asks you to put them on before embarking on a tour.

The Kingswood, the 18-suite “magnificent obsession” of developer Lorne Segal, royally occupies three-quarters of the city block at the southeast corner of Fir Street and 14th Avenue in Vancouver.

The prices are fit for royalty, too, varying from $1.4 million to more than $6 million for the penthouse with commanding views of the city, outdoor kitchen, rooftop hot tub and jet pool.

The residences range from 2,066 to more than 6,000 square feet.

The place oozes money well spent. But it also exudes charm, elegance and space, and is a virtual gallery of painstaking craftsmanship, a quality very rarely seen these days.

Hardly surprising, given that Segal took five years to plan and three years to construct his palace. Along the way, he consulted with 37 architects and employed hundreds of artisans. Still Segal wont’ discuss the total cost of his creation.

What he will say is that the suites, which prefers to call “a collection of custom homes,” are about to be thrown on to the world stage under the baton of downtown property king Bob Rennie. One residence already has sold and two are under offer.

Rennie says the Kingswood – which is being quietly marketed simultaneously in New York, Los Angeles, San Francisco and Vancouver – couldn’t be sold prior to completion because it would have been impossible for the buyer to see “the quality that is being delivered here.”

Why no advertising in Europe?

“Europeans read the New York Times,” Rennie responds.

Rennie also believes local buyers will be attracted to the building.

Segal, 45, president of Kingswood Properties Ltd., nurtured his dreams while reading law at Oxford. He believes he’s created one of the finest residential towers in the world and unquestionably the finest in Vancouver.

“I’m satisfying the demand for this class of buyer that doesn’t want to live downtown,” Segal says.

It’s a unique addition to the landscape that likely won’t be seen again. After all, where else would you find an underground garage designed with cherrywood paneling, marble slab floor and a glass-enclosed waiting room with gas fireplace and seats where guests can wait for their chauffeured vehicles?

Artisans set up stone and marble-cutting mills on site as did the metal craftsmen who cut, bent and soldered diamond-shaped titanium zinc shingles for the cupola, canopies and bay windows.

Marble floors were cut with water jets to allow precision inlays, and an Italian artist was brought in to hand-paint a three-dimensional floral pattern on the entry’s barrel-vaulted ceilings.

Huge curved glass panels cover the exterior of the building’s turrets and withstood wind tests of 240 km/h.

His and her bathrooms gleam with 24-karat gold-plated fixtures and the whole development is cloaked in superb gardens.

The wealthy, understandably, place security high on their list when property-shopping.

The Kingswood, a multimillion-dollar residential development built for the wealthy, has it in spades:

  • Perimeter intrusion detection system;
  • Coded front gate;
  • Underground entrances and lobby doors are remotely controlled by a concierge on duty around the clock;
  • Concierge controls a battery of detection and camera video surveillance apparatus;
  • Private lobbies have motion sensors;
  • Zone security systems in all suites and private lobbies;
  • Garage has a personal safety system activated by a fob key, plus closed-circuit TV monitoring.

LUXURIOUS CONDO TOWER A DEVELOPER’S ‘OBSESSION’

Friday, May 5th, 2006

The concept for the Kingswood Shaughnessy complex

History of Vancouver neighbourhoods incl Mount Pleasant

Friday, May 5th, 2006

Once a wild place

Lisa Smedman
Van. Courier

Mount Pleasant in the 1890s. A bridge connected Westminster Avenue (Main Street) with Vancouver’s East End. False Creek extended as far as modern Clark Drive. Photo courtesy Vancouver City Archives SGN 26

The people who lived there jokingly referred to it as “no man’s land.”

For many years, District Lot 301-that portion of Mount Pleasant south of 16th Avenue and east of Main Street-had no sewer, municipal water or sidewalks. Rifle-toting parents met their children after school and walked them home through the forest, keeping a wary eye out for bears and cougars. Homesteaders kept coal oil tins filled with water on their roofs to defend their homes in case a bush fire broke out.

People put up with the lack of amenities, however, because properties in District Lot 301 were cheap compared to those in Vancouver. When District Lot 301 was subdivided and put on the market in 1890, a lot could be had for as little as $125-a far cry from the $2,200 to $2,500 being charged for lots in the swankiest portions of the city in downtown Vancouver.

District Lot 301-which remained a separate entity until it was annexed by the City of Vancouver in January 1911-was the creation of New Westminster real estate agent Henry Valentine Edmonds, who purchased the property in 1870. It comprised just a fraction of the more than 1,400 acres of land Edmonds owned in Vancouver, New Westminster and Port Moody, but at 486 acres it was his largest single parcel, and so in the 1890s it was where he focused his energies. He personally drew up the plans for the subdivision of District Lot 301, naming streets after family and friends.

Only one of the streets named by Edmonds retains its original name: Sophia Street, originally known as Sophy Street. (According to Edmonds’ son, Edmonds named it after a niece.) But when Edmonds published his map of the subdivision in 1890, some 25 streets bore the first and middle names of his children, his wife, her sisters and those sisters’ husbands.

Edmonds also named one street after Dublin, the city where he’d been born on Valentine’s Day, 1837. Another he named after a minister in a Victoria Anglican church whose son married into the Edmonds family.

Most poignantly of all, Edmonds named a street in memory of his son Arthur Frederick, who died at just five months of age in 1873, nearly two decades before the subdivision was created.

Edmonds wasn’t the first to plot a community on a logged chunk of what would eventually become modern Vancouver. Nor did he live in Vancouver. His real estate office was in New Westminster, the town he’d called home since 1862. He served as that city’s sheriff and then as its mayor, and New Westminster was where he built a palatial home in 1889, at the corner of modern Queens Avenue and First Street.

Edmonds had a dramatic impact on the growth of Vancouver’s first suburb, however. He purchased what became the core of Mount Pleasant-District Lot 200A-in 1869, at a time when Granville Townsite, the precursor to Vancouver, consisted of a couple of hundred people living next to a sawmill, and he purchased District Lot 301, just to the southeast, the next year. Ultimately, he would donate land for the original Mount Pleasant School (located where Kingsgate Mall is today) as well as for St. Michael’s Anglican Church.

And his wife would give Mount Pleasant its name.

Edmonds was born in Ireland, as was his wife Jane Fortune Kemp, who came to B.C. in the early 1860s with her two sisters. According to their son Henry L. Edmonds, who was interviewed at the Vancouver City Archives in 1937, she named the area after the Irish town where she was born.

As the Vancouver News-Advertiser put it on July 10, 1888, “the residents of the Fifth Ward, who are tired of hearing their charming portion of the city spoken of as ‘across False Creek’ have been casting about for some time for a fitting designation for that lovely suburb, and the other day a lady suggested it should be called ‘Mount Pleasant.’ It is likely that the name will be adopted, and a ratification meeting held shortly to solemnly christen it.”

In those days, False Creek extended to the vicinity of modern Clark Drive. A bridge connected the city’s East End (modern Strathcona) with the suburb of Mount Pleasant. The first homes in the suburb sprang up in the late 1880s along the street this bridge led to: Westminster Avenue, later known as Main Street.

By this time, Edmonds had sold a half-interest in District Lot 200A to the owners of the Hastings Sawmill, who in turn sold it to Victoria resident Dr. Israel Wood Powell. It was Powell who named the first few streets south of the False Creek bridge. He chose Dufferin, Lorne and Landsdown (modern Second, Third and Fourth avenues), naming them after Canadian governors general. Powell also named the streets west of Westminster Avenue after Canadian provinces. But east of Westminster Avenue and south of Ninth Avenue (modern Broadway) and the city boundary (modern 16th Avenue), Edmonds would choose the names.

Edmonds handled sales of lots in the new subdivision himself. His price list for lots in District Lot 301, probably published on Aug. 15, 1890, lists just under 1,000 lots for sale in 82 blocks. The majority are priced between $125 and $175, although a handful have an asking price as high as $500 or even $750. The list noted that corner lots cost slightly more. Terms were one-third cash down, with the remaining thirds to be paid off after six and 12 months at an interest rate of nine per cent.

Mrs. J.J. Hatch, whose memoirs were published by the Mount Pleasant News in 1936, recalled Mount Pleasant of the 1890s.

“In those days Mount Pleasant was a wild place; I wondered why I had ever come to such a place,” she said. “Nothing but trees and forest, no roads, nothing.”

Hatch recalled bears and cougars wandering into her yard, and how she hauled her laundry down to the creek in coal oil tins to wash it in a beaver pond. She also recalled being startled in the silent woods by the sound of another woman’s voice. She worked alongside her husband, cutting cedar logs with a 10-foot-long crosscut saw and splitting the boards into shingles and shakes.

Their home was near the modern corner of 23rd Avenue and Carolina Street. At the time, Westminster Road (Main Street) extended only as far as 15th Avenue, one block shy of the southern boundary of the City of Vancouver. The only “road” near the Hatch home was the wagon trail known as North Arm Road (modern Fraser Street), so named because farmers along the north arm of the Fraser River used it to bring their produce to market.

“We used to tell people that we lived ‘a block off the North Arm Road’ but you could not see our place from the road on account of the trees,” Hatch said.

Elizabeth Newbury, another early resident of Mount Pleasant, told the archives in 1938 that the nearest telephone to her home was at the Gurney Cab Company stables at the foot of the Mount Pleasant hill, a mile away.

Many’s the time I have dashed off across roots and stones and sticks until I was breathless, to try to call a doctor…” she recalled.

Newbury also remembered catching trout for breakfast in Brewery Creek, which received its name because it provided water to local breweries.

Edith Trites (nee Maddams), whose parents moved to Mount Pleasant in 1890, told the archives in 1938 that her father bought five and a half acres on the shore of False Creek for $400 and built a nine-room house on it that summer. The property was located near modern St. Catherines Street and East Seventh Avenue.

“When we went out there first the whole thing was green trees,” said Trites. “It was wonderful soil, fine loam, and Father let some Chinamen have the land rent free to clear it, and after they had cleared a section rented it to them.”

Those gardeners were the source of the name China Creek. Trites remembers it being filled with fish. “We used to go out at night with a pitchfork and spear the salmon in the creek; they were going up to spawn.”

In 1889, work began on something that would make Mount Pleasant a little more accessible: Vancouver’s streetcar system. The Vancouver Street Railway Company initiated the work, and originally intended to utilize horse-drawn cars. But in 1890 that company amalgamated with the city’s fledgling electrical company and changed its name to the Vancouver Electric Railway and Light Company.

Major shareholders in the resulting company were David and Isaac Oppenheimer, whose Vancouver Improvement Company was busy developing Vancouver’s East End. Just across False Creek, the Oppenheimers’ friend Powell was developing his chunk of Mount Pleasant. Little wonder, then, that the first streetcar lines not only ran through downtown Vancouver and the East End, but also south on Westminster Avenue (Main Street) across the False Creek bridge to Front Street (East First Avenue).

On June 27, 1890, the News-Advertiser reported on the “spectacle” of the first electric streetcar running along the newly built tracks the day before, loaded with shareholders and other dignitaries.

By October 1891, work was underway on an extension that would create a circuit of track up Westminster Avenue to Ninth Avenue (Broadway), then west to Centre Street (Granville Street) and across another bridge at the western end of False Creek back to Granville Street in Vancouver’s downtown. Known as the Fairview Line, it would service a second subdivision of Vancouver, the CPR-owned Fairview.

David Oppenheimer, who in 1884 and ’85 had lured the CPR to relocate the terminus of its transcontinental railway to Coal Harbour by pressuring private land holders to grant the railway one-third of their properties, was at the opposite end of the negotiating table, this time around. The streetcar system would be extended through Fairview, he told the CPR, if the railway made a grant of properties to his company.

A.P. Horne, who worked with the land department of the CPR in the 1890s, described the deal in a 1936 interview with the archives. “[The CPR] gave-what is now the B.C. Electric Railway-a number of lots on Ninth Avenue, now Broadway, to induce them to run the street car tracks on Ninth Avenue.”

According to Henry Ewert, author of the book The Story of the B.C. Electric Railway Company, the CPR promised the company 68 lots in exchange for building the Fairview Line.

It was an expensive line to build. Ninth Avenue was bisected by a number of creeks and ravines; a total of

seven wooden bridges had to be constructed. The cost ballooned to $150,000-more than five times the original estimate.

After all this spending, the company was hit by the recession of 1892.

By early 1893, the Vancouver Electric Railway and Light Company was in financial difficulty. On May 14, it cut service along the Fairview Line, as well as to the eastern end of Powell Street. Service to Mount Pleasant, which had been hourly, was cut back.

It didn’t help. The company went into receivership. It wasn’t until it was purchased in 1894 by the Consolidated Railway and Light Company that service to Mount Pleasant and Fairview was fully restored.

By 1897, Vancouver’s streetcar system (having once again gone bankrupt) was in the hands of the B.C. Electric Railway Company. It gradually built more track. In 1901, service along Westminster Avenue (Main Street) was extended to 16th Avenue. By 1904, riders could travel as far as Bodwell Road (33rd Avenue) to visit Mountain View Cemetery. By the 1920s, the Westminster Avenue line would extend all the way to Marine Drive.

Although the streetcar drew people to those portions of Mount Pleasant that it served, Edmonds’ subdivision-District Lot 301-remained sparsely populated. Mrs. Daniel Snell, in a conversation with the archives in 1941, recalled what it was like in the late 1890s when her husband and son-in-law bought three lots in what would today be the 300-block of East 17th Avenue, then known as Jane Street.

“Mr. Snell heard about some cheap property out in District Lot 301, what they called ‘no man’s land’ afterwards,” she said. “The street car at the time was running as far as Ninth Avenue and he and [our] son-in-law, my oldest daughter’s husband, built the first house in that district on 17th Avenue East.

“When we went there was all forest around us, and a little cow trail which came out about 14th Avenue. Westminster Avenue was opened as far as 16th Avenue, just a trail you could get through.”

Although annexation by the City of Vancouver brought much needed services to District Lot 301, it adversely affected some who had purchased lots in Edmonds’ subdivision. In a conversation with the archives in 1940, Hatch described how she lost her home when the city seized it for non-payment of municipal taxes. “[When] District Lot 301 was taken into the city… our taxes began to go up and finally the city took the property, our life’s work, from us for taxes.”

Amalgamation would also spell the end of the original street names. Streets that had been named after Edmonds’ family members were renamed to give them the same designations as those to the north, in the City of Vancouver.

Back in 1869-’70 when he first purchased District Lots 200A and 301, Edmonds would have had to travel by buggy along a rough road through the woods (modern Kingsway) that was known as the “Vancouver Road” to inhabitants of New Westminster, and as the “Westminster Road” to those who lived in Vancouver.

Two decades later, that would change.

In 1890, Edmonds-together with Ben Douglas, realtor Samuel T. MacIntosh and John A. Webster (Edmonds’ brother-in-law)-formed a company to build a streetcar system in New Westminster. According to William Burdis, who served as David Oppenheimer’s secretary, Oppenheimer approached these men with a radical idea: an electric tram service that would link Vancouver and New Westminster.

“I realized that electricity was going to become the great potent factor for the supply of street cars and interurban tramways and suggested to David Oppenheimer that a company should be formed to apply electrically powered cars between and in the cities of Vancouver and New Westminster,” Burdis wrote in a 1928 letter to the archives. “He embraced the idea…”

The end result was the Westminster and Vancouver Tramway Company, incorporated in 1890.

At that time, nothing existed between Vancouver and New Westminster except a handful of inns that catered to stagecoach traffic along Westminster Road (Kingsway). The CPR operated a Vancouver to New Westminster rail service, but passengers had to travel via Coquitlam, the trip took 75 minutes, and it cost $1 each way.

Edmonds‘ interurban service, when it began running in October 1891, was a vast improvement. The trip from downtown New Westminster to the corner of Carrall and Hastings streets in downtown Vancouver took just 50 minutes, and cost 50 cents, or 75 cents for a return fare. By 1896, the interurban was offering hourly service from 7 a.m. to 10 p.m.

Speedy transportation wasn’t what the interurban railway was all about, however. According to George F. Gibson, traffic manager for the interurban during its first three years of operation, it was about real estate.

“There was a strong suspicion in many minds that, in routing the system between the two cities, an effort to enhance real estate values by the operators of the line was as much a motive on the part of the promoters as [anything],” he told the archives in 1934.

Edmonds and Webster both owned a great deal of property between the two cities. And Oppenheimer had a scheme for increasing their holdings. Just as the CPR had done six years previously, he negotiated with land owners along the potential routes the interurban might take, asking them to turn over a portion of their property to his company in return for it selecting a route that would increase the value of their land.

He also asked the provincial government for a land grant-again, just as the CPR had done.

On Dec. 16, 1890, Oppenheimer wrote to B.C. Premier John Robson that the directors of what was then called the New Westminster Electric Tramway Company would soon be choosing a route. “The [interurban] will not only be a great advantage to the properties through which it will run, but also to that adjacent thereto,” Oppenheimer wrote. “The line will pass through a long tract of unsettled country, and when made will cause property to be built [upon] all the way between the two points, so that in a short time Vancouver and New Westminster will be united and the property will rate the same as in the cities.”

Oppenheimer asked the province to give “the same amount of assistance which private owners are willing to render”-a 100-foot-wide right of way, plus one-tenth of the properties in the lands traversed by the interurban. Oct. 28, 1893, Oppenheimer wrote to F.C. Vernon, B.C.’s chief commissioner of lands and works, to report that private land owners had given an average of nearly 7.5 per cent of the lands the interurban traversed, in addition to the right of way. These “bonuses” totaled 120.8 acres.

He repeated his request that the provincial government give one-tenth of the provincially held properties the interurban line passed through, a total of 205 acres. And he got it-or close to it. The provincial government turned over District Lots 36 and 51-the area around modern Collingwood’s Joyce Street SkyTrain station-a total of 196 acres.

Development of the land between Vancouver and New Westminster didn’t get going until the early 1900s. Some properties sold in the 1890s, but the smallest were one-acre parcels and most of the lands the interurban passed through remained a wilderness.

In a 1931 conversation with the archives, H.P. McCraney said there were only three houses between New Westminster and Vancouver when the interurban first opened.

According to Gibson, “The line ran through solid timber from city to city and there was very little intermediate traffic of any kind.” While the cars would stop anywhere to pick up a passenger, mid-route customers were few and far between.

By August 1894, the interurban teetered on the edge of bankruptcy. The company was seized by trustees and held until June 1895, when it was purchased by the Consolidated Railway and Light Company. The causes of its failure were said by a June 1896 souvenir edition of the Vancouver World to be “too little paid up capital and a lack of population to create a paying traffic.”

Character Homes are becoming a rare commodity

Friday, May 5th, 2006

Shelley Fralic
Sun

The first one, held 26 years ago this month, attracted about 200 people who each paid $3.50 to tour five old New Westminster houses.

They were local residents, attracted by the opportunity to compare notes on turn-of-the-century homes just like the ones they owned in the neighbourhood, fixer-uppers that not only needed restoration and a little TLC, but protection from developers bent on demolition, and city officials for whom heritage meant a roadblock to progress.

Fast forward to May 28, 2006, when it’s expected that close to 2,000 heritage “tourists” from all over the Lower Mainland — paying $30 for the privilege — will respectfully tiptoe their way through the nooks and crannies of 15 historic homes in the Royal City that will open their doors for the 27th Annual Heritage Homes Tour & Tea.

Homes like the storybook yellow cottage in Queens Park that many viewed as nothing more than a teardown a few years ago — until a young couple, who had already restored one New Westminster old-timer, breathed new life into the 1902 cottage’s old bones, nursing it through a complete renovation inside and out.

Homes like the roomy 1912 arts and crafts bungalow in Moody Park that is a testimony to the endurance of spar-varnished first-growth fir, and to TLC — it was a rundown multi-unit building until its owners bought it in 1988 and returned it to shiny single-family splendor.

No question, then, that a finely built old house, a standing legacy to a time when craftsmen really were, when built-in cabinetry and stained glass defined character, is an architectural buffs’ magnet.

With that first spark of interest, the New Westminster Heritage Foundation continued its conservation quest, and watched as the numbers grew each year for the annual home tour, as more and more old-house lovers signed on to support the preservation cause and share the experience with fellow heritage hounds working on their own labours of love.

The locals still hit the tour every year, daintily doffing their shoes before testing the trueness of the refinished floors in their neighbours’ homes.

But these days, the die-hard veterans have been joined by some new kids on the block.

While yesterday’s ticketholders, says the heritage foundation’s Jim Hutson, “lived in old homes themselves and were interested in getting tips on how to strip paint from mouldings or wallpaper the parlour,” today’s heritage tourists are skewing younger.

And they come to the perennially sold-out New Westminster tour from all over the Lower Mainland, and even Vancouver Island and the Okanagan.

Often, they are first-time home buyers, or young couples who appreciate quality and hope one day to own an older home that speaks to history and comfort and that all-important thing called character.

Which means that these days, where cheap and fast is often the construction credo, where condos still leak and where most new homes have everything but character, a solid fixer-upper has become an appealing goal for many Lower Mainland house hunters, especially those in their 30s and 40s.

The kind of house that is becoming a rare commodity — both in availability and affordability — in the relatively young settlement that is the Lower Mainland.

While Vancouver proper boasts a healthier population of decades-old character homes — most of them on the east and west side of the city — New Westminster’s cache of heritage homes on the city’s official inventory numbers only 900.

Jim and his wife Catherine, who bought their handsome 1912 craftsman in Queen’s Park in 1999, and who have long been involved with the heritage foundation, are not surprised at this newfound interest in old houses, especially among a new generation of house hunters.

“There is a trend to solidness,” says Catherine, adding, “we don’t appreciate soul, character, and personality until we get older.”

That, everyone agrees, is what old-home ownership is all about.

Along with the maintenance headaches that come with old age — knob and tube wiring, stucco over wood siding, lath and plaster walls, wonky ceilings, layers of bad renovation and expensive-to-replicate woodwork — owning a heritage house is all about tending a piece of historical art.

An old house not only has a life of its own, but in New Westminster often carries a pedigreed name — Wimbledon Cottage, Breezehurst, The Robert Cheyne House — that can be traced to city pioneers and historic events in the community.

The lure of heritage is the same in Vancouver, where operators of the fledgling annual home tour have also noticed the changing face of participants.

Diane Switzer of the Vancouver Heritage Foundation, which runs the Open Vancouver Heritage Tour, says when her organization first started doing exit polls, at local heritage and antique shows, they discovered most of the interest in Vancouver’s old houses came from women in their 50s.

And while that component has remained strong, there’s a new lookie-loo showing up for the tour, which takes its fourth spin on June 4.

“What I’m seeing coming through is great interest from the 35- to 45-year-olds who are seeing great quality in building materials, commenting on things like beautiful original fir flooring, and I’m not sure you would have heard that a few years ago,” says Switzer.

The Vancouver event, which includes lunch at Hycroft Manor, is also expected to sell out its 1,500 tickets at $35 each.

This year’s tour features 10 houses, including a 1930 Shaughnessy house built in the Prairie School style, a Point Grey arts and crafts home that was slated for demolition but has since been restored, and an assortment of homes in Strathcona, Mount Pleasant and Hastings Sunrise.

Two of the houses on the tour are the work of CBK Van Norman, often referred to as the “father of modernism in Vancouver.”

Switzer is pleased that young people are taking note of the city’s architectural history.

“The increased interest is fascinating for those of us in the heritage conservation business,” says Switzer, who lives in a west side old-timer, and says the trend is an ideal opportunity for conservation education.

“There’s just this appreciation for what’s come before.”

© The Vancouver Sun 2006