Archive for February, 2008

190 Prior – next to Cobalt Hotel being developed by Amacon to 30 units in the 5 storey building & adding a nine storey tower behind

Tuesday, February 5th, 2008

John Bermingham
Province

Jane Wolsak has painted in her Prior Street studio for 17 years, but, if Vancouver City Council approves a development plan for the building she shares with 29 other artists, she will have to move. Photograph by : Jason Payne, The Province

It’s not a pretty picture for Vancouver artist Jane Wolsak, who has been painting for 17 years in the same studio on Prior Street and now faces possible eviction.

Next Tuesday, city council will decide whether to allow a developer to turn her studio — and 29 others in a five-storey building next to the Cobalt Hotel — into apartments.

Amacon, the owner, plans to refurbish the building and add a nine-storey tower behind it.

Wolsak says artists’ spaces in Vancouver are getting squeezed by the condo craze. Vancouver artists are packing up and moving to cheaper spaces in the suburbs, she says.

“The property values are going up to the extent that people are cashing in,” said Wolsak. “We’re going to be losing them all, one after another.”

Richard Wittstock of Amacon says the company will help the artists find new studios over the next year.

But, with new projects going up in False Creek and Chinatown, it makes sense to redevelop, he said.

“Artists are a really important part of our community,” said Wittstock. “We can’t fight the reality. The city is changing. You can’t fight a trend like that.”

Vision Vancouver Coun. Heather Deal said there’s little or no protection for artists who work in the city.

“As downtown marches east, the property values are driving artists out,” said Deal. “We’re in a real danger of losing our creative zones in the city, as artists are forced out of the downtown core.”

She wants to allow visual artists and writers to work on industrial land. Developers could also be rewarded for protecting art spaces.

Valerie Arntzen, who runs the annual Eastside Culture Crawl, said other art spaces in Vancouver are threatened.

Rents have doubled for some artists at the Parker Street Studios, which houses 90 artists.

“It’s not like we cannot afford it,” said Arntzen. “We just need the space.

“We need to protect what is here right now. And that is what is scary. We’re moving too fast.”

NPA Coun. Elizabeth Ball said the city is completing a study into how many art spaces are left in Vancouver and how many have been lost.

Ball, an artist, would like art studios in every new apartment building.

“It makes all the difference between wanting to live in a city and not wanting to,” she said.

© The Vancouver Province 2008

 

RE/MAX Agents raise over $4 million

Tuesday, February 5th, 2008

Other

Kelowna, BC (February 5, 2008) – Housing sales and average price weren’t the only records being shattered across Canada in 2007.  RE/MAX agents also set a new benchmark in charitable giving, raising over $4 million for the Children’s Miracle Network. 

The 2007 donation surpassed the agents’ 2006 contributions by more than 14 per cent.  Since 1992, RE/MAX sales associates nationwide have contributed close to $30 million to the cause. The 2007 break-down of contributions saw over $654,000 donated to the BC Children’s Hospital Foundation in Vancouver, over $322,000 raised for the Alberta Children’s Hospital Foundation in Calgary, over $327,000 contributed to the Stollery Children’s Hospital Foundation in Edmonton, over $65,000 towards the Children’s Health and Hospital Foundation of Saskatchewan in Saskatoon and over $150,000 given to the Children’s Hospital Foundation of Manitoba in Winnipeg.

“What many don’t realize is that the corporate and private sectors play a vital role in making miracles possible,” says Marie Sheppy, Senior Coordinator, Corporate Affairs, RE/MAX of Western Canada.  “With public coffers stretched to the limit, it’s a fact that organizations like RE/MAX fund a significant portion of the required cost to treat sick and injured children in pediatric facilities across Canada.  We work so hard because we know our donations mean more than dollars and cents—it’s an opportunity for healthy, happy childhoods and hope for promising futures.  There really is nothing more rewarding than watching kids just be kids.”

RE/MAX realtors generate donations through the RE/MAX Miracle Home Program®, whereby a portion of their commission earned on the purchase or sale of each home is given to Children’s Miracle Network affiliated hospitals.  Children’s Miracle Network supports 14 children’s hospitals and foundations across Canada. Donations are often maximized through additional fundraising events including golf tournaments, gala evenings with silent auctions, casual Fridays and much more.  Funds raised in each community stay in that community to be invested in the local Children’s Miracle Network hospital.

“It’s amazing what can be accomplished when people work toward a meaningful cause,” says Christine Martysiewicz, Director of Internal and Public Relations, RE/MAX Ontario-Atlantic Canada.  “The synergy, commitment and enthusiasm of the RE/MAX network are truly phenomenal.  However, what’s more amazing is that the charitable efforts undertaken by our realtors are 100 per cent voluntary.  Supporting Children’s Miracle Network is a chance to make a real difference in the lives of local children and families in their own communities.  That type of involvement is something that’s been woven into the fabric of the RE/MAX organization since its inception.  The way we see it, we don’t just serve and work in these communities, we truly are a part of them, and we care—it’s that simple.”   

In Canada, the funds raised on behalf of Children’s Miracle Network help support outreach programs and fund advancements in critical research, as well as upgrades to medical facilities and equipment.

“The outstanding generosity of RE/MAX Associates has helped more than 2.5 million Canadian children in  2007 alone – that’s 1 in 4 kids nationally,” says John Hartman, Chief Operating Officer – Canada, Children’s Miracle Network.  “RE/MAX has made Children’s Miracle Network hospitals a vital part of what they do and continue to put giving back at the top of their agenda.  Since 1992, RE/MAX has been a strong supporter of Children’s Miracle Network.  Their dedication, passion and enthusiasm for the kids and families in their communities across Canada is outstanding.  They continue to give and give more.  We are very proud to be affiliated with RE/MAX. The progress being made thanks to contributions, like that from RE/MAX, has been nothing short of astonishing.  While care and outcomes have improved significantly, it also remains a reality that the need has never been greater.” 

In Canada, the children’s hospitals/foundations receiving funding from Children’s Miracle Network are: BC Children’s Hospital Foundation in Vancouver, Alberta Children’s Hospital Foundation in Calgary, Stollery Children’s Hospital Foundation in Edmonton, Children’s Health and Hospital Foundation of Saskatchewan in Saskatoon, The Children’s Hospital Foundation of Manitoba in Winnipeg, SickKids Foundation in Toronto, Children’s Health Foundation in London, McMaster Children’s Hospital in Hamilton, Children’s Hospital of Eastern Ontario Foundation in Ottawa, Operation Enfant Soleil (St. Justine’s Children’s Hospital, Montreal Children’s Hospital, Centre hospitalier universitaire de Québec (CHUQ) , IWK Health Centre in Halifax, and Janeway Children’s Hospital Foundation in St. John’s.  For more information, visit: www.childrensmiraclenetwork.ca.

RE/MAX is Canada’s leading real estate organization with over 17,600 sales associates in more than 650 independently-owned and operated offices.  The RE/MAX franchise network is a global real estate system

operating in over 65 countries.  More than 7,000 independently-owned offices engage nearly 115,000 member sales associates who lead the industry in professional designations, experience and production while providing real estate services in residential, commercial, referral and asset management.  For more information, visit: www.remax.ca.

Slower economy means fewer new housing starts

Tuesday, February 5th, 2008

Derrick Penner
Sun

Canada Mortgage and Housing Corp. on Monday put new numbers to its forecast for lower 2008 and 2009 housing starts due to slower economic growth and job creation.

Provincially, the national mortgage insurer expects to see 33,250 new housing starts in 2008 compared with 39,195 in 2007. In 2009, starts are expected to slow further to 31,700.

In Metro Vancouver, the forecast is for 18,500 compared with 20,736 last year. In 2009, CMHC estimates that starts will be 18,000

“We’re not looking at a drastic slowdown in the economy,” said Carol Frketich, Canada Mortgage and Housing’s regional economist for B.C.

However, Frketich estimates that in 2008, the total output of B.C.’s economy will grow by about 2.9 per cent compared with about 3.1 per cent last year.

She added the higher Canadian dollar, which hurts B.C. exports and tourism, combined with waning demand for lumber in the struggling American housing market, drag on B.C.’s overall growth.

Frketich said B.C.’s employment growth has been concentrated across a fairly diverse base in Metro Vancouver, which is one reason she doesn’t expect drastic changes in the overall housing market.

In its forecast, Canada Mortgage and Housing said the average Multiple-Listing-Service resale price for a home will reach $464,500, the 10th straight year of price escalation.

Frketich said B.C. won’t see a direct impact from the squeeze on credit that has followed the American U.S. sub-prime mortgage meltdown.Nationally, Canada Mortgage and Housing is forecasting 211,700 housing starts, below 2007’s 228,343 starts.

© The Vancouver Sun 2008

False Creek marine gas station gets reprieve to end of March

Tuesday, February 5th, 2008

Imperial’s plans to close put on hold as it searches for an owner to take over operation

Fiona Anderson
Sun

The marine gas station in False Creek — the only fuel source for thousands of boats that dock near Granville Island — has had its life extended until the end of March to enable Imperial Oil to find a potential alternative operator.

False Creek Marine Esso was originally slated to close on Feb. 13 as part of Imperial’s decision to close all seven of its floating gas stations in British Columbia.

Imperial’s spokesman Pius Rolheiser said the extension was “to allow additional time for any interested parties who might like to approach us to explore the possibility of providing a fuel offering at that location.”

Imperial has already closed four of its floating stations, with at least one — Fisherman’s Cove in West Vancouver — expected to open under new ownership.

But while Allan Keefe, who has been operating the False Creek site for 22 years, is eager to continue operating the station, his offer has not yet been accepted. And what is still needed to seal the deal is unclear.

Keefe said Imperial is looking for an indemnity of $10 million for the operation to continue, even though whoever operates the gas station would do so as an independent, and not as an Esso-brand station. Keefe can’t provide that indemnity but he believes the city should step in and ensure the station — which has been operated in the same location since 1938 — remains open. The city could do that by leasing the waterlot from the province and becoming the landlord, Keefe said.

“My pockets aren’t deep enough to give [Imperial] comfort that if there was an incident 20 years from now as a result of operations there that they wouldn’t come back at Imperial,” Keefe said.

Keefe understands why Imperial no longer wants to operate the gas station, with the station selling about two million litres of fuel a year including fueling the harbour ferries and Aquabuses. That’s down from as much as 20 million litres in the days when False Creek was a commercial hub with three floating gas stations, he said.

But if the False Creek station closes, the nearest gas available would be in Coal Harbour, under the Lion’s Gate Bridge, and too far away for many boaters. As a result Keefe believes that boaters would fill their own tanks using jerry cans.

“And every single boat will then be spilling fuel over the sides,” Keefe said.

Rolheiser would not say what was needed to conclude a deal with Keefe and whether there had been any discussions with the City of Vancouver or the Vancouver Board of Parks and Recreation, which manages park lands for the city, including the land Imperial uses at False Creek.

“At this point we have had discussions with a number of parties and we have not yet been successful in finding an alternative service provider,” Rolheiser said. “And that’s all I’m going to say.”

With respect to what terms would be needed to complete a deal, Rolheiser said “those are confidential commercial discussions.”

But Parks Board chairwoman Korina Houghton confirmed that Imperial had met with park board officials in January. However the meeting was informational, she said. “I know that we’ll certainly be negatively impacted [by the closure] but whether or not we would take something like that over is difficult to say,” Houghton said. “There would have to be a very strong business case and it’s not a service we are currently in right now.”

© The Vancouver Sun 2008

Fraser Valley has more housing inventory, board says

Tuesday, February 5th, 2008

Derrick Penner
Sun

Fraser Valley real estate markets had enough inventory last month to give potential buyers more time to comparison shop, and sales figures show that they took it, according to the Fraser Valley Real Estate Board.

In releasing statistics for January, the Fraser Valley board said 2,850 new listings hit the market in January, an 18-per-cent increase from the same month a year ago. That increased the region’s total inventory to 7,554 units, which is 24 per cent higher than January 2007.

Jim McCaughan, president of the Fraser Valley Real Estate Board, said between October and January, it took an average three days longer to sell a detached house. Apartments sat on the market five days longer and townhouses 14 days more.

Fraser Valley realtors booked 956 sales during January, four-per-cent fewer than the 1,001 recorded in January 2007.

“In the real estate industry a winter calm, or ‘re-stocking of our shelves’ often precedes our busiest season, which is spring,” McCaughan said in a press release.

January also saw some easing on prices. The month’s average single-family house price hit $524,293 during the month, which was six per cent higher than January a year ago, but almost three per cent less than the $538,273 average price of December.

Cameron Muir, chief economist for the B.C. Real Estate Association, said the Fraser Valley‘s January results are indicative of the moderation that forecasters expect to settle into B.C. markets.

“It’s hard to say that a market has peaked when it is actually still growing, in terms of prices, and sales are still high from a historical perspective,” Muir added.

Houses were the Fraser Valley‘s biggest sellers in January, according to statistics, with 475 selling during the month compared with 458 a year ago.

Sales of townhouses were lower in the area with 182 units changing hands in January versus 193 in the same month a year ago. The average townhouse price was $340,760, 12.6 per cent higher than the same month a year ago, but only 0.6-per-cent more than in December.

Condominium sales were also lower with 184 selling in the valley during January compared with 211 a year ago. January’s average condo price was $224,547, 12.3 per cent higher than the same month a year ago, but 1.8 per cent less than December’s average price.

© The Vancouver Sun 2008

B.C. housing starts will be above average

Tuesday, February 5th, 2008

Despite decreases, prices will continue to rise

Province

B.C. housing starts will be above average this year and next, but move lower during that period as the economy and job growth slows, says the latest forecast from the Canada Mortgage and Housing Corp.

CMHC predicted yesterday that while multiple- and single-family starts will decline this year, the overall level of starts will remain above the 10-year average.

“Tight labour markets will keep wages and incomes rising, and people moving to the province,” said Carol Frketich, CMHC’s regional economist for B.C. “Job gains and the increase in population will fuel demand for both homeownership and rental accommodation.”

Single-family starts will move lower as higher costs for builders and higher prices for buyers shift new housing supply and demand to denser housing forms.

“Costs of construction and new-home prices are two of the factors behind the trend to more multiple-family developments,” said Frketich.

Canada-wide, home construction edged up 0.4 per cent to 228,343 last year, but higher mortgage costs — reflecting higher home prices — will slow the pace of home building this year by 7.3 per cent, to about 211,700 dwellings, the CMHC said, adding that this year will be the seventh-consecutive year in which housing starts exceed 200,000 units.

“Despite some global financial instability with regards to the U.S. housing market, Canada continues to experience robust employment levels, ongoing income gains and low mortgage rates,” said agency chief economist Bob Dugan. “However, housing starts are expected to decrease in 2008 mainly due to recent increases in house prices, which will push mortgage carrying costs higher for home buyers.”

Sales of existing homes, which rose a strong 7.6 per cent last year to about 520,000 units, will also decline, CMHC said, projecting a 3.9-per-cent drop this year to 499,650 and a further 2.2-per-cent slide in 2009 to 488,300.

Prices, meanwhile, will continue to rise but at a much more moderate pace, it said.

The average price of a home rose by 10.6 per cent last year, reflecting continued strong price pressures in Canada‘s western provinces, CMHC said. However, as most markets become more balanced, the increase in prices is expected to ease to 5.2 per cent in 2008 and 3.8 per cent in 2009.

© The Vancouver Province 2008

 

Artists losing ground to urban real estate

Tuesday, February 5th, 2008

Studios giving way to condos

John Bermingham
Province

Jane Wolsak has painted in her Prior Street studio for 17 years, but, if Vancouver City Council approves a development plan for the building she shares with 29 other artists, she will have to move. Photograph by : Jason Payne, The Province

It’s not a pretty picture for Vancouver artist Jane Wolsak, who has been painting for 17 years in the same studio on Prior Street and now faces possible eviction.

Next Tuesday, city council will decide whether to allow a developer to turn her studio — and 29 others in a five-storey building next to the Cobalt Hotel — into apartments.

Amacon, the owner, plans to refurbish the building and add a nine-storey tower behind it.

Wolsak says artists’ spaces in Vancouver are getting squeezed by the condo craze. Vancouver artists are packing up and moving to cheaper spaces in the suburbs, she says.

“The property values are going up to the extent that people are cashing in,” said Wolsak. “We’re going to be losing them all, one after another.”

Richard Wittstock of Amacon says the company will help the artists find new studios over the next year.

But, with new projects going up in False Creek and Chinatown, it makes sense to redevelop, he said.

“Artists are a really important part of our community,” said Wittstock. “We can’t fight the reality. The city is changing. You can’t fight a trend like that.”

Vision Vancouver Coun. Heather Deal said there’s little or no protection for artists who work in the city.

“As downtown marches east, the property values are driving artists out,” said Deal. “We’re in a real danger of losing our creative zones in the city, as artists are forced out of the downtown core.”

She wants to allow visual artists and writers to work on industrial land. Developers could also be rewarded for protecting art spaces.

Valerie Arntzen, who runs the annual Eastside Culture Crawl, said other art spaces in Vancouver are threatened.

Rents have doubled for some artists at the Parker Street Studios, which houses 90 artists.

“It’s not like we cannot afford it,” said Arntzen. “We just need the space.

“We need to protect what is here right now. And that is what is scary. We’re moving too fast.”

NPA Coun. Elizabeth Ball said the city is completing a study into how many art spaces are left in Vancouver and how many have been lost.

Ball, an artist, would like art studios in every new apartment building.

“It makes all the difference between wanting to live in a city and not wanting to,” she said.

© The Vancouver Province 2008

Don’t dally over liabilities

Sunday, February 3rd, 2008

Tony Gioventu
Province

Dear Condo Smarts: Our strata community consists of seven separate strata corporations, with a total of 447 units. Within our gated complex, we have a clubhouse, guest house, pool and a golf course that is owned by the seven strata corporations but as a separate piece of property not included in our strata plan.

Our strata community association is fighting over who has to insure the different common facilities that we all use. Logic would tell me that everyone who uses the facilities pays for the insurance, but because the pool is on one strata plan, the clubhouse is on a second strata plan and the golf course is on a separate piece of land altogether, everyone believes only the relevant owners have to insure the property.

Our strata council in the 58-unit townhouse development is very concerned that through all of these disputes, we are not properly insured.

Our total insurance cost for the common facilities and the golf course is only $12,000. Something has to be wrong here. Can you steer us in the right direction?

Kootenay Hills Strata Association

Dear Kootenay Hills Owners: There are many developments all over the province exactly like yours. They are designed as excellent master-planned communities that provide secured, gated communities, recreation facilities and a variety of common services, including golf courses, guest houses, air strips, marinas, ski hills, riding stables, exotic gardens and pools. Your concerns about your insurance coverage is well founded. I reviewed your community plan and each of your strata corporations is bound or connected to each other by legal mechanisms filed with your properties.

Doug Correa at Aon Reed Stenhouse Insurance recommends to review your community plans, building and land-use covenants and agreements, and negotiate a master insurance policy to cover all of your common facilities.

When you have something like an independent operator of a golf course, be sure to negotiate the allocation of liabilities associated with the golf course, restaurant, bar, spa facilities, golf cart rentals and other related activities.

Not only does your golf course serve alcohol in the bar, it also serves alcohol on the golf course to golfers and drivers of golf carts that cross municipal roadways. There is a significant amount of liability here for your community and it needs to be addressed immediately.

Ask your insurance agent or broker if you are properly insured for your risks and if there are other types of coverage you should consider.

If you are not properly insured or you are underinsured, coverage can be limited to 50 per cent of a claim or less. We have many sad scenarios around the province each year of under or improperly insured strata corporations with significant claims and the owners end up paying the price. As an owner in a strata corporation, you will be paying your share of the cost if insufficient insurance does not cover the claims.

Don’t forget, confirm everything in writing with all of the parties.

Tony Gioventu is executive director of the Condominium Home Owners Association (CHOA). Contact CHOA at 604-584-2462 or toll-free at 1-877-353-2462, or e-mail [email protected].

© The Vancouver Province 2008

Saving Earth, one watt at a time

Sunday, February 3rd, 2008

Meter lets user measure electricity used by any appliance

Jim Jamieson
Province

Saving the environment has become the cause du jour in the new century, but it isn’t just about international treaties and government incentive programs.

Individuals must also buy in on the personal level, and that’s the concept behind the Watts Up meter.

This handy little device allows users to gauge the power usage of the electrical appliances around their home and then calculate how much it’ll cost to power something over a short or long span of time.

In other words, it will allow you to do a survey of what kind of power drain is being generated by your various electrical and electronic devices and then make the call as to which ones need to see reduced usage.

Simply plug any standard 120-volt AC electric device into the Watts Up, and the meter will display the wattage and the electrical usage cost of the appliance.

The device is capable of displaying 16 electrical measurements and values.

Some of its other features:

– It helps identify problems, measure line voltage and diagnose voltage drops.

– Included PC software allows memory (in the Pro model) to be downloaded into charts and tables.

– Cost rate from $0.001 to $2.00 per kilowatt-hour can be entered.

The Watts Up meter, which comes in three different classes of units, is available online at Cable Organizer (cableorganizer.com).

What is it? Watts Up electrical watt meter

Price: $99.99; Pro model, $130.99

Why you need it: You want to go green, one household appliance at a time.

Why you don’t: You drive an SUV and don’t consider how much power your blender uses to be a big issue.

Our rating: 3 out of 5

Phone: 604-605-2296

© The Vancouver Province 2008

 

Don’t dally over liabilities

Sunday, February 3rd, 2008

Tony Gioventu
Province

Dear Condo Smarts: Our strata community consists of seven separate strata corporations, with a total of 447 units. Within our gated complex, we have a clubhouse, guest house, pool and a golf course that is owned by the seven strata corporations but as a separate piece of property not included in our strata plan.

Our strata community association is fighting over who has to insure the different common facilities that we all use. Logic would tell me that everyone who uses the facilities pays for the insurance, but because the pool is on one strata plan, the clubhouse is on a second strata plan and the golf course is on a separate piece of land altogether, everyone believes only the relevant owners have to insure the property.

Our strata council in the 58-unit townhouse development is very concerned that through all of these disputes, we are not properly insured.

Our total insurance cost for the common facilities and the golf course is only $12,000. Something has to be wrong here. Can you steer us in the right direction?

Kootenay Hills Strata Association

Dear Kootenay Hills Owners: There are many developments all over the province exactly like yours. They are designed as excellent master-planned communities that provide secured, gated communities, recreation facilities and a variety of common services, including golf courses, guest houses, air strips, marinas, ski hills, riding stables, exotic gardens and pools. Your concerns about your insurance coverage is well founded. I reviewed your community plan and each of your strata corporations is bound or connected to each other by legal mechanisms filed with your properties.

Doug Correa at Aon Reed Stenhouse Insurance recommends to review your community plans, building and land-use covenants and agreements, and negotiate a master insurance policy to cover all of your common facilities.

When you have something like an independent operator of a golf course, be sure to negotiate the allocation of liabilities associated with the golf course, restaurant, bar, spa facilities, golf cart rentals and other related activities.

Not only does your golf course serve alcohol in the bar, it also serves alcohol on the golf course to golfers and drivers of golf carts that cross municipal roadways. There is a significant amount of liability here for your community and it needs to be addressed immediately.

Ask your insurance agent or broker if you are properly insured for your risks and if there are other types of coverage you should consider.

If you are not properly insured or you are underinsured, coverage can be limited to 50 per cent of a claim or less. We have many sad scenarios around the province each year of under or improperly insured strata corporations with significant claims and the owners end up paying the price. As an owner in a strata corporation, you will be paying your share of the cost if insufficient insurance does not cover the claims.

Don’t forget, confirm everything in writing with all of the parties.

Tony Gioventu is executive director of the Condominium Home Owners Association (CHOA). Contact CHOA at 604-584-2462 or toll-free at 1-877-353-2462, or e-mail [email protected].

© The Vancouver Province 2008