Archive for July, 2006

Housing starts on pace for a record year

Wednesday, July 12th, 2006

Construction is up by 16% over last year

Derrick Penner
Sun

A surge in suburban residential construction has put Greater Vancouver housing starts on pace for their best year in more than a decade.

Greater Vancouver builders started construction on 9,961 new housing units as of the end of June — 16 per cent more than during the same six months of 2005.

Peter Simpson, CEO of the Greater Vancouver Homebuilders’ Association, said if builders maintain this pace, they will surpass 2004 to make this year the region’s best year for construction since records were set in 1994.

“We thought we would have levelled off by now,” Simpson said, so “this increase is somewhat surprising.”

Growth has slowed in markets closer to downtown Vancouver. Vancouver itself, for instance, saw starts in the first half of 2006 fall nine per cent since last year, and Burnaby’s starts plummeted 18 per cent.

However, development exploded in the suburbs. Surrey saw starts up 42 per cent, and in Maple Ridge, they were up 78 per cent.

CMHC market analyst Robyn Adamache said the suburban numbers are rising because developers are building more multiple-unit projects in areas outside the city of Vancouver.

“From the supply side, developers are wanting to build multiple units because they’re much more profitable to be looking at, with the prices of land the way they are,” Adamache said.

She added that on the demand side, buyers are continuing to look more at townhouses and condominiums as being a more affordable alternative.

Overall, Adamache said it appears that homebuilders are ramping up workloads to meet market demand given that new housing inventories remain “at historic low levels.”

Adamache said CMHC counted only 712 vacant and unsold new housing units available across Greater Vancouver, which is down considerably from the 15-year average of 3,000 new units.

“Last year we had record sales,” Adamache added. “Inventories continue to be low on a trend basis, so that is showing that demand is very strong.”

Across B.C., urban housing starts topped 16,309 units in the first half of 2006, a 14-per-cent increase from the same period in 2005.

Nationally, CMHC reported that the pace of new-housing construction was up 4.5 per cent in June, which, if it holds, would see Canadians build 232,200 new homes during 2006.

NEW HOUSING HOT

City supports stadium ‘concept’

Wednesday, July 12th, 2006

Darah Hansen and Heather Travis
Sun

Artist’s rendering of the Vancouver Whitecaps proposed waterfront stadium from the soccer club’s website.

VANCOUVER SUN FILES The issue of dangerous goods shuttling beneath the stadium was one of the issues cited by Vancouver city council.

The Whitecaps were still in the game Tuesday with a proposal to build a $65-million waterfront soccer stadium in Gastown after winning unanimous — though heavily conditional — support for the concept from Vancouver city councillors.

Council’s decision came after four nights of public meetings on the proposal, with more than 100 speakers stepping up to give their opinions for and against.

On Tuesday, council agreed that concerns voiced at those meetings — including road access around the stadium and the impact of noise and crowds on neighbouring residents and businesses — must be adequately addressed before the proposal could move forward in the rezoning and permit process.

To ensure this happens, stadium proponents have been directed to conduct a one-year formal study of the issues outlined. The rezoning process would add another year to that.

Stadium proponents must also resolve potential risk and liability issues associated with dangerous goods being transported in the CPR rail yard, over which the 15,000-seat facility would be constructed. They must also reconfigure the stadium’s design to ensure a better fit with its surrounding heritage neighbourhood between Granville Square and the foot of Cambie Street in downtown Vancouver.

Resolving all the identified concerns could delay the start of the project by two years or more.

Still, Bob Lenarduzzi, Whitecaps director of soccer operations, said his organization was “delighted” with Tuesday’s outcome.

“The public demonstrated their interest in the project and council endorsed that interest unanimously, and, so, we’re looking forward to moving ahead with the project and addressing the requirements that the staff had put forward to council,” he said in an interview outside council chambers.

Lenarduzzi said he’s optimistic the fundamental issues facing the proposal can be resolved within 24 months, and he played down opposition to the stadium by some residents and merchants in Gastown and the Downtown Eastside. Many said their neighbourhood was already too fragile because of surrounding poverty and open drug use to support the noise and rowdy crowds associated with a major sports facility.

“I think what is important to note is that the city, the Whitecaps, and the Port [Authority] — all the main stakeholders — all agree to resolve them . . . and that’s a pretty good starting point,” Lenarduzzi said.

Coun. Suzanne Anton said the city will make sure residents’ concerns are not overlooked.

“We’re going to make sure that doesn’t happen,” she said in an interview. “It’s very important for the Whitecaps to work with the residents to make sure that does not happen.”

But some Gastown residents said they aren’t comforted by council’s promises.

“I’m just devastated by this decision,” said Wendy Pedersen, whose home at the Four Sisters Co-op would overlook the new stadium.

“We already have bad things happening in our neighbourhood and it [the stadium] is going to bring more,” she said.

Neighbour Caryn Duncan was also disappointed with Tuesday’s outcome, but vowed to keep up the fight to find an alternate location for the project.

“We are not going away. We are in it for the long haul,” she said, referring to support from members of the loosely knit citizens group, called the Central Waterfront Coalition, of which both she and Pedersen are members.

“The Downtown Eastside and Gastown is our neighbourhood and we are not going away. We are not visitors … We’ve lived here for years and we do not support the stadium,” Duncan said.

Council had no answers Tuesday on how much money — if any — the approval process for the project will cost city taxpayers. A staff report outlining what it will take to expedite the project as a planning priority is expected back before council in September. The report will address issues of staff time, and just who will pay for it, Anton said.

Staff has also been asked to report to council on a quarterly basis on the proposal’s progress over the next two years.

At Tuesday’s meeting, Coun. Raymond Louie suggested council spend the next six months studying alternative locations for the proposed stadium, in case the waterfront location proved unworkable. He also called for an expanded study of the entire waterfront area, with future planning in mind should the railway tracks be relocated.

Louie argued the city has no planning in place for the land, and councillors “should not be rushed to make hasty decisions when somebody comes before us with a seeming gift,” he said, in reference to the privately funded stadium proposal.

“This is not about soccer for me. This is about land use,” he said.

But Louie’s ideas were shot down by the majority of councillors, who felt they would distract the city’s focus from the current proposal and cause even further delays.

“I think we have to keep moving, and not use planning as a means to stop this,” said Coun. Peter Ladner.

Ladner said Tuesday’s decision does not necessarily mean the project would go ahead.

“There is still a lot to be taken into consideration,” he said, adding he felt council should make an “extra effort” to see the proposal work, calling it a “huge social contribution” to Vancouver.

“We aren’t paying a penny for this stadium,” he said, adding Toronto is putting up $10 million for a similar structure.

The proposed Whitecaps stadium would span more than seven hectares of rail lands east of the Waterfront Seabus terminal in the Gastown area. The cost of the project is estimated at $65 million, including land purchasing costs of about $17 million.

After the two-year study and rezoning process is complete, council will decide whether to allow building to proceed.

“If we want this stadium in Vancouver, we need a way for these subjective issues to be addressed,” said Coun. Kim Capri.

STADIUM TIMELINE

For more than three years, Vancouver has been kicking around plans to build a $65-million waterfront soccer stadium in Gastown. The process is far from over.

January 2003 — Former Vancouver Mayor Larry Campbell approaches the Whitecaps about building a downtown stadium.

July 2004 — The city decides against using Main Street and Terminal Avenue for a stadium site.

December 2004 — The Whitecaps make a formal inquiry to the city planning department about a waterfront site, north of Gastown.

July 2005 — Whitecaps purchase land at a waterfront site.

October 20, 2005 — City council approves a high-level review of the proposed stadium to determine the level of public support and technical issues of concern.

May 2006 — City staff complete high-level review.

July 11, 2006 — The proposed stadium concept wins unanimous — though heavily conditional — support from Vancouver city council.

September 2006 — Survey of Gastown neighbourhood and businesses to begin.

September 2007 — Rezoning application and stadium design process to begin.

2009 — Under the former Vancouver city timeline, construction was to be completed.

Sources: www.whitecapsnewstadium.com, Bob Lenarduzzi, director of soccer operations for the Whitecaps

© The Vancouver Sun 2006

No faltering in construction pace

Wednesday, July 12th, 2006

High consumer confidence and strong economy

Ashley Ford
Province

Housing starts across the Lower Mainland are on track for their best performance since 1994, the latest numbers from Canada Mortgage and Housing Corp. show.

First-half starts roared ahead by 16 per cent from a year ago, CMHC said yesterday.

There were 9,961 total units with single-detached starts, increasing 31 per cent to 2,980 units, the federal agency said.

Multiple starts rose 11 per cent to 6,981 units.

“If this level of activity continues for the rest of the year we could be close or even pass the 20,473 starts in 1994,” said Peter Simpson, CEO of the Greater Vancouver Homebuilders’ Association.

“We are certainly seeing absolutely no faltering in the construction pace.”

Simpson does not expect any decline because consumer confidence remains high, the economy is strong and job growth is robust.

The best year on record was 1989, when there were 21,834 starts. “Homebuilders continue to ramp up new home construction in response to solid housing demand,” said Robyn Adamache, CMHC Market Analyst.

“Inventories of both new and resale homes remain low in virtually all Lower Mainland communities.”

Again, Fraser Valley activity led the charge. Starts in the valley jumped nearly 36 per cent to 4,731 units in the first six months from the same period last year.

Single- and multiple-unit housing starts saw increases, with the former up 26 per cent and the latter expanding 45 per cent.

The busy activity is not confined to the Lower Mainland, CMHC says.

Urban B.C. housing starts rose 14 per cent to 16,309 units in the first half over last year.

Single detached starts climbed 18 per cent to 6,216 units, and multiple starts rose 12 per cent to 10,093 units, compared with last year.

© The Vancouver Province 2006

 

Waterfront soccer stadium gets initial nod

Wednesday, July 12th, 2006

Council had a chance to scrap the plan, but instead decided to make it a priority.

Peter Severinson
Province

Photo illustration shows future new home of Vancouver Whitecaps (above left) built over and above busy rail yards north of Gastown, right next to waterfront SkyTrain station.

Whitecaps’coach Bob Lenarduzzi during the council meeting. Photograph by : Jason Payne, The Province

Vancouver city council voted unanimously yesterday to keep working with the Vancouver Whitecaps on a plan to build a downtown soccer stadium on the city’s waterfront.

Council had a chance to scrap the plan yesterday, but instead decided to make it a priority for the city even though many fear that building a stadium on a platform above the rail yard north of Gastown will be impossible.

Council debated the issue for almost four hours, rejecting a proposal to do an extended study of the waterfront before considering the stadium proposal.

“We don’t have planning in place for these lands,” said Coun. Raymond Louie, who brought forward the proposal. “We should not be rushed to make a decision when someone comes to us with what seems like a gift.”

Louie also proposed the city start looking for other possible stadium sites in case the current one fails.

Council voted not to start looking for other sites right away and see what kind of progress the Whitecaps can make on the waterfront site.

Coun. Heather Deal said she was disappointed by the decision not to look for other sites, saying the soccer club should have a back-up plan.

“Success is not a guarantee,” she said. “We have a lot of potential points where this plan will not succeed.”

More than 80 people spoke out on the plan in several days of public hearings, with about half supporting and half opposing it.

Coun. Tim Stevenson said voting on the project was one of the hardest decisions he’s ever had to make as a councillor.

“I’ve almost changed my mind every day,” he said.

Stevenson said he seriously doubts the Whitecaps will be able to overcome the huge challenges to building on the site — but they should get the chance to try.

Bob Lenarduzzi, the Whitecaps’ director of soccer operations, said he was pleased with the decision, although admitting there still a lot of work to be done.

“The public demonstrated their interest in the project and the council endorsed that interest unanimously,” he said. “All of the issues that need to be resolved can be resolved.”

Lenarduzzi said the Whitecaps have no plans to build the stadium anywhere else if the waterfront site doesn’t work.

Opponents of the plan said they weren’t surprised by council’s decision, but still feel the stadium won’t be built because of the tough obstacles, said Jon Stovell, spokesman for the Gastown Neighbourhood Coalition.

“We wished [council] had exercised more caution because we don’t believe the Whitecaps can solve these problems,” he said.

Stovell said building a stadium goes against the city’s work to make Gastown a comfortable residential and shopping neighbourhood.

© The Vancouver Province 2006

 

Website allows consumers to shop for condos internationally

Tuesday, July 11th, 2006

Sun

Veteran Vancouver real estate marketer Cliff Bowman has launched what is being billed as the world’s first global online search engine to allow consumers to shop for condos internationally by location, price, and lifestyle choice.

Condocenter.com also provides advance notice of pre-construction properties, allowing prospective buyers to register directly with a developer for up-to-the-minute information before an official public launch.

Bowman, who has spent 30 years pre-marketing condo projects in North America and overseas, said the public has been deprived of learning about “some great lifestyle opportunities” because of each project’s advertising and promotional budget constraints.

“I set out to create one central portal where literally you can navigate the world of condo real estate, both resort as well as urban,” the president of Vancouver-based Builders International Real Estate Marketing Corp. said in an interview Monday.

“I designed it in such a way that a developer can showcase their development to the world for a few bucks a day.”

Bowman estimates that about 80 per cent of urban condo buyers shop locally while 20 per cent are from out of town. Conversely, about 80 per cent of resort and recreational condo buyers are outsiders and only 20 per cent are locals.

In addition to shopping by location, lifestyle choice and price, the website also allows consumers to search by ownership type — full ownership, fractional, private residence club and timeshare — and the number of bedrooms and baths. The site is free to consumers and currently lists about 200 new projects. There is no selling. Users are invited to use the information provided to contact a project’s sales team directly.

© The Vancouver Sun 2006

 

Leaky condo costs realtor $20,000

Tuesday, July 11th, 2006

Judge holds agent to promise of no soggy suite in Port Moody complex

Jack Keating
Province

Former MP and journalist Simma Holt won a lawsuit against her real-estate agent for ‘negligently misrepresenting’ the water-damaged state of a Port Moody condo. Photograph by : Jason Payne, The Province

A realtor who sold former Liberal MP Simma Holt a leaky condo after promising she wouldn’t has been ordered to pay Holt almost $20,000.

“She really seduced me into buying this,” Holt said yesterday. “And I trusted her implicitly. Never trust anybody.”

The realtor, Ada Van Leeuwen, was working for Royal LePage when she sold Holt the Port Moody condo in May 1999.

“I find Ada Van Leeuwen negligently misrepresented to Simma Holt the state of the condominium being purchased, and that her interests were properly protected when they were not,” wrote B.C. Supreme Court Justice Victor Curtis.

“She told her she would not sell her a leaky condo and that is exactly what happened in circumstances in which Ada Van Leeuwen either knew or ought to have known the condominium had significant water ingress problems.”

Curtis noted that Van Leeuwen in her evidence said: “I assured her I would not sell her a leaky condo.”

He also noted that Holt was “reasonably relying on the advice of Ada Van Leeuwen, who had encouraged her to do so.”

The judge found Van Leeuwen negligent and ordered her to pay Holt $14,527 of the repair assessment Holt did not recover by other means, plus $5,000 in damages.

Mere days after the purchase, Holt was outraged to find that she was liable for close to $30,000 in damages.

“I was furious,” Holt said yesterday. “And I went immediately to a lawyer because this had been foisted on me. And she knew that the place was rotten.

“I took possession and moved in two days later. Six days after I moved in, I had an assessment for $29,000 for a leaky condo. It was rotten. And I didn’t know it.

“I mean, it was downright fraud as far as I was concerned.

“I mean, six days and I’m responsible for a leaky condo.”

Holt, who had a witness to the realtor’s assurances, said the matter dragged on for years. It finally went to trial last month and the written decision was handed down last week.

“They stalled for eight years,” said Holt. “I think they were trying to get me to die before [this went to court]. I’m 84.

“I suppose it sets a precedent. Certainly, I saw it to the end. They wanted to settle for just costs. They wanted to give me $1, which offended me so much that I said I’m going to court even if I have to spend the last cent.

“But I was taken. I was then 77 years old.

“I’d lost half of my life savings. I lost my career [as a writer] for eight years. I wanted to finish my writing. That’s why I bought the place. All I wanted was a place to write. I had about eight books on my computer I wanted to finish.”

The Condo Homeowners Association was pleased by the decision.

“It’s an indication that real-estate agents are accountable,” said executive director Tony Gioventu.

He advised buyers to get agreements on transactions and purchases in writing to “make sure that you can actually verify the information you’ve got.”

It’s positive news for consumers that you can hold the parties to account,” said Gioventu. “To do that, you’re going to need to have some witnesses and evidentiary material, though. Get it in writing.”

Holt, the Vancouver-Kingsway MP from 1974 to 1979 and a former Vancouver Sun reporter, moved out of the Maude Road condo in June 2004 and now lives in downtown Vancouver.

Van Leeuwen could not be reached for comment last night.

© The Vancouver Province 2006

 

Greening of Carrall Street

Monday, July 10th, 2006

Proposed upgrade would complete the recreational seawall loop around downtown and Stanley Park

Gwen Preston
Sun

CITY OF VANCOUVER

VANCOUVER – Wider sidewalks, more trees, less parking and revamped parks are proposed for the Carrall Street heritage thoroughfare in the Downtown Eastside, according to a report released by the city’s planning department.

The plan will also include developing Maple Tree Square, at the north end of Carrall, into a spacious area using the same traditional red paving stones seen in Gastown.

“The main theme of the design is to strengthen Maple Tree Square as a ‘destination’ rather than a place to simpy travel through,” reads the report written by Brigid Kudzius and Jenny Chen-Adams.

The report also detailed the increased operating costs for the greenway. Annual maintenance are pegged at $76,500, plus $63,700 in pay and benefits for a full-time landscape designer. Construction costs are estimated as $5 million.

The revitalization of Carrall Street — which connects Chinatown, the Hastings Street corridor and Gastown — is intended to attract visitors and private investors, stimulate business opportunities and provide improved neighbourhood areas for Downtown Eastside residents.

Chen-Adams, a city planner working on the project, said the changes will be “a major city investment in the area.

“We are hoping the project will bring more positive activity back to the street. It goes beyond the brick and mortar component,” she said.

The street would be transformed into a greenway linking False Creek and Burrard Inlet, completing the recreational seawall loop around downtown Vancouver and Stanley Park.

Kudzius, assistant engineer for the project, details some of the proposals.

“In the design, the roadway is narrowed, parking is removed from one side of the street, sidewalks on both sides are expanded and recreational paths are provided on each side of the street for cyclists, skateboarders, and inline skaters,” said Kudzius.

Pigeon Park, at the corner of Hastings and Carrall, would get a facelift designed by the community members who use the areas. A granite channel to collect rainwater would run the length of the greenway, watering the trees and symbolizing the water-to-water connection the street represents.

The city has been working on the design since 2002.

Vancouver city council will vote on the plan July 13.

“It’s been quite complicated in terms of how to accommodate everything in a relatively narrow street,” Kudzius said.

The other major obstacle was attracting community support and involvement in the project, said Chen-Adams.

“That’s why the discussions for this greenway have taken so long,” she said. “Different people have different ideas of how this project should be designed. That’s the nature of this community — it’s very diverse.”

A group of local businesses and residents called the Stewardship Group participated significantly in designing the greenway.

“From the very beginning we’ve been looking at the challenge of integrating a very complex social structure,” said Roger Bayley, who chaired the community group. “We wanted to bring resources to the community and use them to create employment opportunities for Downtown Eastside residents. That’s been the driving force behind the whole thing.”

Bayley is especially encouraged by the greenway’s focus on the arts, such as a rotating streetside art demonstration.

“It’s about bringing dignity to the community,” said Bayley. “Build it and they will come.”

CARRALL STREET PROPOSAL

A look at some of the key recommendations in the city of Vancouver planning document for a proposed $5-million facelift for Carrall Street.

Road narrowed: “The [Carrall Street] roadway is narrowed and parking is removed from one side of the street. This allows the sidewalks to be expanded and dedicated recreational paths to be provided for cyclists, skateboards and inline-skaters on both sides of the street.”

Trees added: Three to four rows of trees, depending on location, will be planted to give the street a tree canopy and ensure the greenway concept extends the length of the corridor.

Pedestrian-friendly square: A redesign of Maple Tree Square — the intersection of Carrall and Water Street where the statue of Gassy jack stands — will narrow the roads and add significantly to the already wide sidewalks to make a space “to be owned and enjoyed by the community” as a “destination” square.

New life for drug-dealing central: Tiny Pigeon Park, now better known for drug dealers and discarded needles, would get a complete makeover.

© The Vancouver Sun 2006

Scarce industrial land must be preserved for cities’ economic health

Monday, July 10th, 2006

Sun

The lack of affordable housing receives a lot of attention in Canada’s least affordable city.

Often overlooked is the scarcity of industrial land. Its neglect is understandable: Residential real estate is something we can all relate to; a site for a plant or warehouse seems to have no human dimension.

But mixed land use — residential, commercial and industrial — is crucial to the city and the region. Without places to work, people have little reason to stay here and, in any case, would have no income to do so. Vancouver would be wholly dependent on the kindness of strangers, tourists visiting a hollowed-out resort town.

Industry is a prerequisite for a diversified economy, the lifeblood of any major metropolis. Not only is it a job generator and taxpayer, but some businesses need suppliers close at hand to deliver goods, such as perishables, several times a day.

In 1973, Vancouver had about 2,400 acres of industrial-zoned land. By 1995, the figure had dropped to about 1,700 acres, prompting city council to adopt policies to preserve what was left. As a result, the amount of industrial land has changed little in the past decade, totalling about 21.5 million square feet of floor space in Vancouver’s industrial areas. However, the latest inventory revealed that only 89 acres designated for industrial uses remain undeveloped, leaving little room for industry to expand.

In all of the Greater Vancouver Regional District, comprising 21 municipalities, there are just 26,089 acres of industrial land, of which 6,859 are vacant. Of that, 700 acres are under federal jurisdiction (specifically, the port authorities and Vancouver International Airport).

According to a GVRD study, approximately one-third of the vacant land could be developed within a year, another third over two to 10 years and the balance, 1,960 acres, beyond 10 years. About 90 per cent of the longer-term land availability is within Surrey’s city limits.

Much of the available land is divided into small parcels, poorly located or vulnerable to traffic congestion, and these limitations have driven some businesses out the region. Kal Tire, for example, recently built a 230,000-square-foot tire retreading plant and distribution centre in Chilliwack, largely because it couldn’t find a suitable site in the GVRD.

The shortage of industrial land has driven up the cost, but it still trails the price of residential property by a wide margin, creating economic and political pressure to build housing instead. Although business pays a higher tax rate, municipal revenue from 100 condo units would be greater than that from a single factory occupying the same space.

Preserving industrial land has become a priority for some municipal councils, but they have few tools to prevent the encroachment of competing demands.

For this reason, there is growing interest in creating something akin to the agricultural land reserve, a regulatory system established by provincial legislation in 1973 to preserve scarce agricultural land in the province. In fact, a report by the B.C. Competition Council last week, recommended that industrial land and transportation corridors be protected using a similar structure to the ALR.

We must exercise great caution in taking away regulatory powers of municipalities and handing them to the province. But ensuring what little industrial land remains is preserved might be a compelling enough reason to do so.

© The Vancouver Sun 2006

 

Scarce industrial land must be preserved for cities’ economic health

Monday, July 10th, 2006

Sun

The lack of affordable housing receives a lot of attention in Canada’s least affordable city.

Often overlooked is the scarcity of industrial land. Its neglect is understandable: Residential real estate is something we can all relate to; a site for a plant or warehouse seems to have no human dimension.

But mixed land use — residential, commercial and industrial — is crucial to the city and the region. Without places to work, people have little reason to stay here and, in any case, would have no income to do so. Vancouver would be wholly dependent on the kindness of strangers, tourists visiting a hollowed-out resort town.

Industry is a prerequisite for a diversified economy, the lifeblood of any major metropolis. Not only is it a job generator and taxpayer, but some businesses need suppliers close at hand to deliver goods, such as perishables, several times a day.

In 1973, Vancouver had about 2,400 acres of industrial-zoned land. By 1995, the figure had dropped to about 1,700 acres, prompting city council to adopt policies to preserve what was left. As a result, the amount of industrial land has changed little in the past decade, totalling about 21.5 million square feet of floor space in Vancouver’s industrial areas. However, the latest inventory revealed that only 89 acres designated for industrial uses remain undeveloped, leaving little room for industry to expand.

In all of the Greater Vancouver Regional District, comprising 21 municipalities, there are just 26,089 acres of industrial land, of which 6,859 are vacant. Of that, 700 acres are under federal jurisdiction (specifically, the port authorities and Vancouver International Airport).

According to a GVRD study, approximately one-third of the vacant land could be developed within a year, another third over two to 10 years and the balance, 1,960 acres, beyond 10 years. About 90 per cent of the longer-term land availability is within Surrey’s city limits.

Much of the available land is divided into small parcels, poorly located or vulnerable to traffic congestion, and these limitations have driven some businesses out the region. Kal Tire, for example, recently built a 230,000-square-foot tire retreading plant and distribution centre in Chilliwack, largely because it couldn’t find a suitable site in the GVRD.

The shortage of industrial land has driven up the cost, but it still trails the price of residential property by a wide margin, creating economic and political pressure to build housing instead. Although business pays a higher tax rate, municipal revenue from 100 condo units would be greater than that from a single factory occupying the same space.

Preserving industrial land has become a priority for some municipal councils, but they have few tools to prevent the encroachment of competing demands.

For this reason, there is growing interest in creating something akin to the agricultural land reserve, a regulatory system established by provincial legislation in 1973 to preserve scarce agricultural land in the province. In fact, a report by the B.C. Competition Council last week, recommended that industrial land and transportation corridors be protected using a similar structure to the ALR.

We must exercise great caution in taking away regulatory powers of municipalities and handing them to the province. But ensuring what little industrial land remains is preserved might be a compelling enough reason to do so.

© The Vancouver Sun 2006

 

1010 HOWE: Gold, silver and bronze are magnetic

Sunday, July 9th, 2006

Buyers attracted by three levels of finish

Jeani Read
Province

Instead of building an entirely new apartment complex, developers chose to renovate the building at 1010 Howe Street. The response from buyers has been so strong it surprised everyone with 70 per cent of the units selling in the first day. PHOTO AT LEFT SAM LEUNG — THE PROVINCE, MAIN PHOTO BY JON MURRAY — THE PROVINCE

The response to the open house at 1010 Howe St. surprised even the marketers when buyers started lining up a day early. The units at the 24-year-old retrofitted building come in three options: Bronze, Silver and Gold (above). Photograph by : Jon Murray, The Province

The response to the open house at 1010 Howe St. surprised even the marketers when buyers started lining up a day early. The units at the 24-year-old retrofitted building come in three options: Bronze, Silver and Gold (above). Photograph by : Jon Murray, The Province

Gold suites feature new tilework, new stainless appliances, new bathroom and kitchen cabinets and counters. Photograph by : Jon Murray, The Province

Buyer Matt Stone is thrilled with his purchase at 1010 Howe. ‘At that price point . . . there was nothing close to it.’ SAM LEUNG — THE PROVINCE

This one surprised even the folks at Rennie Marketing Systems, who merely expected a respectable start to sales and then an ongoing campaign.

But the lineup to buy suites in 1010 Howe’s 24-year-old retrofitted building — first built as offices and then converted into rental residences — started Friday at 2 p.m. for a Saturday 9 a.m. opening, and 97 of 130 units were sold the first day. Yes, an overnight lineup.

“It was unexpected,” says Rennie president Tracie McTavish. “But I think the buying population, which is still very healthy, recognized the tremendous location and the opportunity to buy into a concrete building — and to [be able to] move in this fall.”

It seems that, as the downtown core fills up and new real estate becomes more difficult to access, reno projects like this could be a new way to contend with the increasingly impossible housing demand. The snazzy Wedgewood Hotel started life as an office building — why not this?

Here’s the deal: There are three options for buying in 1010 Howe, labelled Bronze, Silver and Gold.

Prices are all set at the Silver level, which means the units have all been fitted with new carpeting, baseboards, paint and lighting fixtures.

Subtract $7,000 for Bronze, which is as-is from the 1996 conversion, just scrubbed and cleaned up.

Add $30,000 for Gold, which is a big upgrade. It’s an almost complete retrofit, says McTavish, with new tilework, new stainless appliances, new bathroom and kitchen cabinets and counters, toilet and sink — all fine finishings conceived to bring the suite into the 21st century.

The Gold is great, but most people are buying the Silver, says McTavish, because they’re choosing to spend their upgrade money on items they’ll handpick to suit their own tastes.

This project is really all about location and pricing: Of the 130 units, 112 are under $299,000 — some starting at $229,000 or $239,000, says McTavish — prices that are pretty well unheard of in the heart of the city, within walking distance of, well, everything. Buyers who live here will likely be fond of their homes but love getting out into the city even more.

The website places 1010 Howe at the heart of so many businesses and services it’s not possible to make a list. Well, OK, we can try: Blenz Coffee, Starbucks, Caffe Artigiano, Skybar, Crush Champagne Bar, Bacchus Lounge, Roxy, Orpheum, Pacific Cinematheque, Urban Barn, Komfort, Sleep Country, UBC, Law Courts, Vancouver Art Gallery. And that’s just a tiny starting point.

All this centrality was definitely the lure for first-time buyer — and realtor — Matt Stone. “It’s the location,” he says. “It’s right downtown. It’s close to work for me. There’s tons of restaurants. And Yaletown’s only four blocks away. And the price point was so good. I did a comparative search at that price point and there was nothing close to it.”

In his late 20s, Stone found himself stranded after a relationship ended and he “boomeranged” back to living with his parents.

The plan was to save money to get into the market, but as the now-crazy market continued to rise, “It got harder and harder and harder,” he says.

He’s been looking for quite a while and is delighted with his new spot.

He bought the Bronze option because he’s going to fix it up himself.

Is he handy? “I can do the floor,” he says. “And, I have friends who are handier.”

QUICK FACTS

1010 HOWE

What: 1010 Howe is 130 units in a renovated 24-year-old building in downtown Vancouver.

Where: 1010 Howe St.

Developer: Ten Ten Howe Street Developments

Size: One-bedroom suites at 478 sq.ft. to 500 sq.ft. and penthouses on two levels at 1,651 sq.ft. to 1,829 sq.ft.

Prices: One-bedrooms $227,900 to $311,900 and penthouses $919,9000 to $959,900

Open: Noon to 5 p.m. daily except Fridays, 604-228-1010.

© The Vancouver Province 2006