Archive for October, 2008

Markets will rebound, but it may be a long wait

Tuesday, October 14th, 2008

Keith Woolhouse
Sun

For years, we’ve been led to believe that economies couldn’t crash and stock markets couldn’t plunge, because our political and financial leaders had plentiful fail-safe options they could use to circumnavigate the economy around and through depressions, recessions, contractions, inflation and what have you. Tweaking interest rates is the preferred choice to stimulate the economy or ward off inflation to keep everything ticking over.

Once again, we’ve been led up the garden path. While the powers that be have the instruments to deal with economic downturns, it’s usually not until the meltdown has taken hold that they act decisively. Then, it’s like trying to extinguish a forest fire — as fast as they put it out in one area, it flares up in another.

Forest fires, by the way, are contained by creating a firebreak, a gap in vegetation, and letting the fire consume everything up to that point. That’s similar to what’s occurring with the measures being put in place to contain the financial damage from this economic firestorm.

There’s another similarity between wildfires and the economy. Wildfires are an integral part of nature’s ecosystem, helping some plants evolve while promoting germination in others, so what we’re witnessing now is a man-made disaster imitating nature. Eventually the ravaged markets will flourish again.

The reality is that the financial meltdown that has raced through world stock markets is part of a natural economic cycle. Anyone who insists it caught them by surprise clearly hasn’t been paying attention to the headlines. The warnings have been obvious for months, sparked by the subprime mortgage mess and followed by a collapse in the housing market (not just in the U.S., but also in Europe), falling corporate profits, excessive price-earnings multiples, stock markets that continuously reached for new highs, rising unemployment, a decline in consumer spending and a commodity price bubble.

But that’s in the past. The burning question demanding an answer is: When will the economic wildfire be snuffed out?

Federal Reserve chairman Ben Bernanke predicts the global financial markets crisis is likely to restrain the economy well into next year, at least six months longer than most economists had forecast at the outset.

Last Wednesday’s extraordinary move by the central banks of Canada, the U.S., Britain, the EU, Sweden and Switzerland to cut their key lending rates by half a percentage point had been widely anticipated.

Hong Kong dropped 100 basis points. China‘s central bank trimmed its key rate by 27 basis points. Last Tuesday, Australia had cut its rate by 100 basis points, double the expected amount. Only Japan among the world’s leading economic nations failed to act. But with an interest rate at 0.5 per cent, it has little wriggle room.

Financial market leaders and economists had been urging for days for action on the interest-rate front as essential to get the world economy back on track.

While lowering interest rates too far, too fast can fuel inflation, given the ongoing brutal economic free fall, it appears to be the prime mode of attack.

With markets trading at levels not seen since 2003, and the S&P/TSX and the Dow Jones average below 10,000 points and the S&P 500 below 1,000 points, there is no telling where the end lies. The most positive prediction: around mid-2009, followed by an agonizingly slow recovery.

At times like this, most analysts agree: Don’t panic; stay the course; you don’t lose until you’ve sold; consider dollar-cost averaging; timing this market is hopeless. It needs cash and courage to step into the markets now.

© The Vancouver Sun 2008

 

Travel Insurance buys peace of mind – Some Credit cards may already have the coverage

Tuesday, October 14th, 2008

Rosemary McCracken
Sun

In April 2008, Ed Doucet was biking down a mountain in Majorca, Spain, at 50 km/h when a tire became caught in a rut in the road. He flipped over the handlebars, landing on his pelvis. The damage: three pelvic fractures and four cracked ribs.

Doucet, 33, found out first-hand that when a medical emergency arises outside Canada, travel insurance is a traveller’s best friend

In fact, travel insurance is the most important item to pack on any foray outside Canada, even a day trip across the border. If you find yourself in a hospital in the U.S. or abroad without medical coverage, the bill could take a huge chunk out of your savings.

In Doucet’s case, five days in hospital in Majorca came to $6,300.62. His stay had to be extended until his condition stabilized, which meant purchasing a first-class airline ticket home. Add in the cost of ambulance transportation from the hospital to Majorca‘s airport, ambulance in London from Gatwick Airport to Heathrow Airport, and another ambulance ride from Toronto to Brantford, Ont., where Doucet lives and his return trip came to $11,264. His insurer, RBC Insurance, sent a Toronto nurse to Majorca to accompany him home — for another $5,162.88. The total bill rang in at $22,727.50.

“And I paid $63 for 11 days’ coverage,” says Doucet. “It was probably the best $63 I’ll ever spend.”

Many Canadians are not aware of the gap between what medical services cost abroad and what their provincial health plans allow towards these bills. The provinces partly cover hospital stays outside Canada, but some pay nothing toward specialists’ fees, prescription drugs, X-rays or anesthesia. The province of Ontario paid $974.20 towards Doucet’s medical bill, a faction of what his hospital stay cost.

“Our surveys show only about 60 per cent of Canadian travellers buy travel insurance,” says Moscou Cote, vice-chairman of the Association of Canadian Travel Agencies in Montreal. “We assume they are covered through their credit cards or their employee benefits. But we really don’t know.”

Travellers may assume they have more coverage through their credit cards and work benefits than they really do. Length of stay outside Canada is a common limitation; if you’re away longer than the limit, you won’t be covered.

They may also set family limits, adds Stan Seggie, president and CEO of RBC Insurance’s travel division in Toronto.

“If there’s a $3,000 family limit for trip cancellation or interruption coverage, it may not be enough for four or five airfares home,” he says.

Before you fly out, find out exactly what your credit card or your employer’s group plan covers. If necessary, top it up with travel insurance.

Travel insurance typically covers you in three areas:

– Trip cancellation or interruption

If your health, a death in the family or problems at home such as a fire or flood prevent you from going on a trip after you’ve paid for it, this coverage will help you recover this cost.

“It will also pay for your trip home if there is a natural disaster such as a hurricane at your travel destination,” says Robin Ingle, president of Ingle Insurance, a Toronto-based managing general agency, which acts as a bridge between insurance advisers and the company that underwrites the policy.

– Baggage

This protects you against the cost of lost, stolen or damaged luggage.

– Health

This will pick up the medical bills incurred outside Canada that are not covered under your provincial health plan. Make sure the policy covers air ambulance for your return to Canada as it may be weeks until you are able to travel on a commercial airliner.

The cost of medical travel coverage varies widely, depending on the benefits, your medical condition and your age. But don’t choose a policy just because it’s cheap. You may save a few hundred dollars but end up spending thousands on extras not covered.

Some plans won’t cover certain medical conditions or people over the age of 80.

And don’t assume that youth is a protection against illness or injury.

“These are the people who are doing lots of sports, so they may be the most at risk,” says Cote.

Many plans require you to complete a medical questionnaire. You’ll need to disclose your medical condition fully and accurately. An incomplete or inaccurate application would give the insurer the right to turn down your claim.

And find out exactly what an insurer means by ‘stable medical condition,’ Ingle advises. “At one company, it may mean you haven’t been diagnosed treated, hospitalized or changed medication for certain conditions for the previous 90 to 180 days. At another, it may mean you haven’t been taking medication for these conditions for the previous 90 to 180 days.”

With your policy, you’ll be given the telephone numbers of emergency call centres in various parts of the world. Call the number as soon as illness or an accident occurs and you’ll be directed to a medical facility that specializes in the treatment you need.

“We also provide translation services,” Seggie says. “And we’ll guide you to the nearest Canadian embassy if your travel documents are lost or stolen.”

Doucet says he appreciated the arrangements the insurance company made as much as the expenses he was saved. “The ambulances, the wheelchairs — I didn’t have to worry about any of that,” he says.

And, if the unthinkable should happen, call the emergency number for assistance.

“Repatriation of remains” is a standard inclusion in most travel policies, but you’ll want to make sure it’s covered. If you or your travelling companion should die while travelling, the staff at the insurer’s emergency call centre will set everything in motion to assist the survivor. Without this coverage, he or she would have to find a local coroner to issue a death certificate, a local funeral home and a funeral home in Canada so that the two businesses can complete the necessary paperwork and arrange transportation.

© The Vancouver Sun 2008

Waterfront Stadium could be dramatic, beautiful, spectacular

Monday, October 13th, 2008

Whitecaps win sets off sellout crowd

Ian Austin
Province

We are the champions of the (USL soccer) world.

The Vancouver Whitecaps sent a sellout Swangard Stadium crowd home deliriously happy last night, delivering the hard-fought championship of the United Soccer League First Division.

Charles Gbeke (pronounced Bee-kay) was the hero of the night, scoring the only two goals the team needed to down the Puerto Rico Islanders 2-1.

“It’s pretty awesome,” said fan Warren Calderone, whose entire family came decked out in blue Whitecaps-coloured wigs. “It was close, but we took over in the last 15 minutes. There were a few tears there at the end.”

The crowd witnessed a see-saw battle as the home team went ahead 1-0, then watched the Islanders tie the game.

But Gbeke sent the crowd into a frenzy with a brilliant header in the 78th minute to seal the deal, with an assist to the exquisitely named Justin Moose.

The final whistle saw the entire crowd on its feet, waving flags, chanting and racing on to the field.

Gbeke and the other players ran joyfully to the south end of the stadium, where they danced alongside fans setting off fireworks, throwing confetti and singing at the top of their lungs.

The scene was a riot of blue as the pandemonium unfolded under a full moon on a cool, crisp night that had the Puerto Rican substitutes jogging all game on the sidelines to keep warm.

“This is fantastic, “ said Ferenc Haranghy, a Port Coquitlam contractor, joining the jubilant mob at midfield.

“This represents the future of the franchise. From this, I think we’re going to start the momentum for a Major League Soccer franchise.”

The game was a non-stop cacophony of sound as the Puerto Rican fans with their drums and cowbells competed with the Whitecap fans chanting “Go, Caps, Go” and “White-Caps,” led by the Whitecaps’ mascot, Winger.

“I’ve been waiting for this for years,” said Pedram Shakibafal of North Vancouver, waving a team flag. “This shows the Whitecaps are the best.”

Hundreds of fans lingered at the stadium long after the win, soaking up the atmosphere, chanting and singing the many Whitecap-fan songs in unison.

And game-MVP Gbeke, 30, was in the middle, hugging and dancing with them.

“The fans are great,” said Gbeke, who was traded from his hometown Montreal Impact this season.

“It was a great moment. We’re a family. We help each other out.”

But Gbeke didn’t want to be singled out for his two-goal effort.

“I just want to dedicate the MVP award to my team,” said the striker. “We did it together.”

The Whitecaps will move to B.C. Place in 2011 and want to join Major League Soccer.

© The Vancouver Province 2008

 

Selling caretaker’s suite a complex issue

Sunday, October 12th, 2008

Many technicalities need to be addressed first

Tony Gioventu
Province

Dear Condo Smarts:

Our strata corporation is a 147- unit apartment complex on south Vancouver Island. We have been planning re-roofing and a major re-piping for some time. The most recent bids have come in about $300,000 over our projections.

To avoid any special levies, the council has proposed selling our caretaker’s suite. This means we will lose our long-term asset and our resident caretaker.

Owners are insisting that the sale of the suite and the termination of the caretaker require a unanimous vote, but we cannot find anything in the legislation.

Are there some limitations set out in the Act to direct us in selling our property ?

— SW

Dear SW: There are two possible answers to your question.

If your caretaker suite is a strata lot shown on the registered strata plan, then yes the strata corporation by a duly passed 3/4 vote at an annual or special general meeting can proceed with the sale of the lot.

There are many technical requirements in the resolution that are necessary to protect the interests of the corporation.

The listing price, any negotiating flexibility for the council, the identified real estate sales agent, the terms and conditions of the sale, and the eventual use of the proceeds should all be established in the resolution before you vote.

The last thing anyone needs is a secret deal, with a council member’s brother acting as the agent and a secret transaction process.

Strata corporations proceeding with the sale of strata assets that require a 3/4 vote need to contact their legal counsel and ensure they have properly created resolutions and contractual listing agreements.

If your caretaker suite is common property and not a strata lot with title, then it is likely going to require a unanimous resolution to create a strata lot and amend the registered strata plan before you can decide whether or not you will sell the lot.

This change may also require a local government permit because this suite may not have been created for the purposes of occupancy and sale.

As common property it would not be generating property taxes.

There is another issue concerning resident caretaker suites that strata corporations also face: Who is authorized to exercise the vote for the suite when it is a strata lot?

The strata council is the authorized representative of the strata corporation. However, the representation of the strata lot on issues such as bylaw amendments, special levies and the sale or purchase of common assets has the potential to be quite contentious in most strata corporations.

Talk to your lawyer before you proceed.

Tony Gioventu is executive director of the Condominium Home Owners’ Association (www.choa. bc.ca). E-mail him at [email protected].

© The Vancouver Province 2008

Prices up in Vancouver, down in Victoria from year earlier

Sunday, October 12th, 2008

Province

OTTAWA — New housing prices continued to cool in August, posting no increase from July and leaving them just 2.3 per cent higher than a year earlier, down from 2.7 per cent a month earlier, Statistics Canada reported Friday.

In B.C., Vancouver prices were up 1.5 per cent over the previous 12 months, while in Victoria prices were off 0.3 per cent from a year earlier.

Regionally, prices rose at the fastest pace in St. John’s, N.L., with an annual price increase of 23.7 per cent, with builders there saying material and labour costs, as well as higher land development costs, contributed to the increases, the federal agency said.

Regina, which registered no monthly price change in August, had the second highest annual increase at 23.1 per cent, but down from its record increase of 34 per cent posted in April.

In Saskatoon, prices fell 3.1 per cent in the month, and though still eight per cent higher than a year earlier, confirming a decelerating trend there, Statistics Canada said.

In Edmonton prices were down 5.7 per cent from a year, a 23-year low, while prices in Calgary were down 1.1 per cent, the weakest performance since 1991.

In Toronto, prices were 3.4 per cent higher than a year earlier, while in Ottawa they were up 4.1 per cent, Quebec City saw a 6.1 per cent rise and Montreal was 5.2 per cent higher.

“The housing market in Canada continues to cool as the housing cycle winds down,” noted TD Securities analyst Ian Pollick.

“As a result, we expect housing to continue its drag on GDP in the coming quarters in conjunction with other negative contributors.”

© The Vancouver Province 2008

 

Timely arrival for warm, hearty bistro

Thursday, October 9th, 2008

Owner Stephan Gagnon brings a taste for good wine and good food prepared without fuss

Mia Stainsby
Sun

Owner Stephan Gagnon and his partner Linda Horsfall enjoy steak frites and ling cod at Les Faux Bourgeois on Fraser in east Vancouver. Photograph by : Stuart Davis, Vancouver Sun

LES FAUX BOURGEOIS

663 East 15th Ave., 604-873-9733. www.lesfauxbourgeois.com.

Dinner, Tuesday to Saturday.

Overall: fffho

Food: fffho

Ambience: ffffo

Service: ffffo

Price: $$

– – –

The name, Les Faux Bourgeois, refers to the owner, not you, the diner. Owner Stephan Gagnon is a working class stiff (a contractor, who’s built some notable restaurants in Vancouver) and he’s got this passion for good food, a fake bourgeois, he says.

“I don’t like fancy things, but I love good wine and good food that’s cooked without a lot of fuss,” he says. His dream of running a restaurant materialized last year when he opened Jules Bistro with Emanuel Joinville. The lively and affordable French bistro was an instant hit. He sold his share last November and recently opened Faux Bourgeois, which has a Jules kind of vibe. There’s a demand for such a place considering how real estate has changed the make up of the east side. At Le Faux, Gagnon partnered with Andreas Seppelt, who’s also involved in Go Fish off False Creek.

Les Faux is an irresistible bargain which is why there’s huge buzz. It tugs me two ways: It makes me pine for Paris and on the other hand, I feel I’m already there. The servers are “classic French bistro guys from France” and they didn’t bring a harumphy attitude with them. One is a trained sommelier. And judging by the animated conversation, Les Faux attracts a lot of French-speaking customers.

On the menu, mains are $10 (baguette de merguez) to $19 (fillet de boeuf grillé). Tina Fineza, chef at Flying Tiger, was brought in as consultant for the first few weeks to help chef Gilles L’Heureux reorient himself to Vancouver suppliers after six years cooking in Mexico.

Our second meal there went swimmingly well — a lovely country paté and onion soup; a delicious organic chicken pot au feu and a cassoulet, all delicious. We finished with a lemon tart.

It’s not that our first visit was disappointing. I loved the ambience, but some dishes needed improvement. L’escargots were tender, garlicky and tasty. Steak frites came with yummy frites, but the steak, although flavourful, was a little chewy; the Alsatian tart had great flavour, but the shell could have been crisper; a wild line-caught ling cod with manila clams and savoy cabbage had great flavour combinations but the fish was overcooked. The chocolate mousse needed a little more chocolate intensity. I’m hoping it was the new kitchen getting to its feet. Make note of the chalkboard menu, even if you have to leave the table, to read the specials. Wines are constantly changing with “a little bit of everything,” and mark-up is “a little less than double,” says Gagnon. (The industry norm is double the retail price.)

And coming soon is Les Faux Bourgeois’ next-door coffee bar. It’ll be a coffee bar by day and an extension of the restaurant by night for large groups. The place is extremely busy, which is a good part of its allure so book ahead to avoid cooling your heels on Kingsway. It seems to me Les Faux Bourgeois’s warming, hearty dishes arrived just in time for Gore-Tex weather.

© The Vancouver Sun 2008

 

Metro Vancouver offers up stunning variety of food in its multicultural restaurants

Thursday, October 9th, 2008

Mia Stainsby
Sun

Bao Biag Chen spins dough for noodles at the Sha Lin Noodle House. Photograph by : Ian Smith/Vancouver Sun

VANCOUVER – They’re the bling of our cultural diversity. Ethnic restaurants also are the doorway into our multicultural community.

Given that some 43 per cent of people in Metro Vancouver don’t speak English as their first language, there’s a whole lot more than steak and roast chicken shaking down in Metro kitchens, be it at home or restaurants.

In our ethnic restaurants, you get to experience what is often the result of thousands of years of tradition, history, evolution and ritual – you’re not just sitting down to a bargain meal; it’s cultural archeology on a plate.

And thanks to cooks and chefs from around the world, food in Vancouver has become an exciting adventure of surprises, inventions, discoveries and pleasure, and our chefs have become modern-day alchemists, make magic out of diversity. Now is it any wonder Vancouver has become such a world hot spot for its cuisine?

The challenge is to find the gems amid the ethnic plenty. I’ve mapped out some of the affordable places, the mom and pops serving home-style ethnic foods. It’s most definitely not a complete list and it doesn’t include the high-ends like Vij’s and Tojo’s and Sun Sui Wah. I’ve been to most of them myself and some are recommendations from Vancouver Sun freelancers who review suburban restaurants.

Robert Clark, executive chef overseeing Nu, C and Raincity Grill, some of Vancouver‘s best places to eat, says ethnic restaurants have influenced the industry as a whole as well as his job as chef.

“Early on, it really enabled me to mainstream a lot of seafood products that weren’t typically found in white tablecloth restaurants. I always relied on their ethnic origins, whether it was geoduck, sea cucumber or sea urchin. I looked to Japanese and Chinese cuisines to help me get it on the menu. It allowed me to work with and understand the product and from there, I was able to work it into a more European style.”

Albacore tuna, he says, is a perfect example of learning from ethnic cuisines. “In restaurants across the city 20 years ago, I doubt many were using tuna other than well-cooked. Now it’s blasphemy,” says Clark. “We can’t imagine it being cooked more than rare and the Japanese culture made that comfortable for us.” Salmon caviar was another Japanese introduction, he says.

Today, Vancouver‘s continuing search for a culinary identity most definitely includes ethnic influences, but the clincher has to be local ingredients. “We’ve been able to take flavours from multiple cultures and move forward as Pacific Northwest or regional cuisine using local produce,” says Clark. “Local produce keeps it grounded. We’re still discovering and developing what regional cuisine will be but what’s grown here will be the cornerstone.”

It’s hard to remember a time when sushi was exotic and foreign or when even lasagne was considered ethnic, but I have evidence in an old Five Roses Flour cookbook with a “Foreign Dishes” section at the back. It includes lasagne, strawberry meringue and chop suey.

We’ve moved on since those days, but it does beg the question of what exactly is ethnic cuisine. Italian food is so much a part of Canadian cuisine, it’s been appropriated as a favourite among our comfort food and hard to think of as ethnic.

The same goes with French food – French cooking was the basis of North American fine cooking and it’s deeply embedded, at least in our restaurant culture. Restaurants were, after all, a French invention. (Paris, 1765; a tavern keeper served sheep’s feet in white sauce as a restorative to weary travellers and thereby invented the restaurant.)

Whereas Chinese food once meant chop suey, we know it was an imposter dish and we’re now having a ball discovering the vastness of real food from China – and we’ve only just begun that journey.

And whereas sushi with ginger is the new burger with fries (hallelujah!), there’s still much to come from Japan. Izakaya food was the most recent import, albeit jazzed up, Vancouver style. And not without irony, yoshoku is making appearances in several restaurants – that’s Japan‘s version of North American food.

We surprise ourselves with unpronounceable words in our culinary vocabulary, like rijstaffel, escabeche and chipotle.

And our pantries have become so much more colourful – tofu, miso, shiitake and enoki mushrooms, yuzu, eel, seaweeds, Thai rice, shiso, tamarind, buckwheat noodles, hoisin sauce, lemongrass, star anise, longan, oyster sauce, coconut milk, kaffir lime leaf, galanga root, bamboo shoots, fish sauce, sesame oil, chickpea flour, red bean paste, naan, paneer, rosewater, merguez sausage, chorizo, fish roe, cous cous, rice paper. it goes on and on.

And then, there are the dishes that march into our lives – mee krob (fried rice noodles), rogan josh, congee, sambal, kim chi. there’s an army of them, too.

For most of us, initial encounters with ethnic dishes take place in restaurants. Our first pad Thai, our first bibimbab (What? You don’t know of this Korean comfort bowl of rice, fried egg, veggies, pickles and kim chi?), our first poofy naam out of a tandoor or pho or tagine – the first mouthfuls were likely served up in our ever-expanding collection of ethnic restaurants.

While Vancouver might have the lion’s share of finer restaurants, good-value ethnic restaurants are scattered throughout Metro Vancouver. Richmond has an astonishing number of them, but you’ll find them in any community where immigrants have settled – Coquitlam, Surrey, Burnaby, the North Shore.

These are inexpensive, unpretentious places that might dare you to try something new to expand your culinary borders.

New touch-screen BlackBerry called ‘sexy meets smart’

Thursday, October 9th, 2008

Steve Makris
Sun

The Storm is RIM’s first foray into the touchscreen market.

Research in Motion Ltd.’s first touch-screen BlackBerry, the 9530 Storm, will be available to Canadians with Telus before the holiday season.

It carries all of the standard BlackBerry business features but is also aimed at consumers and poised to compete with the popular iPhone from Apple Inc.

“The Storm is sexy meets smart,” said Tammy Scott, vice-president of marketing communications at Telus. “It has an innovative virtual touch-click keyboard on a high resolution screen, and all the multimedia applications one could hope for.”

The Storm’s 3.25-inch screen is slightly smaller than the iPhone’s 3.5-inch screen, but it’s unique touch-and-click feature is meant to make it less likely for users to inadvertently start other phone functions or push the wrong button.

This gives the Storm an advantage over other touch phones, especially in typing, and will attract hardcore BlackBerry users with current smaller real keyboards. The screen reverts to a much larger keyboard when held horizontally but can also be used as a smaller three-tap key functionality like traditional phones.

It includes a 3.5-megapixel camera and video that can be used while you are talking or browsing online.

“We expect this phone to be a huge hit with consumers and businesses across Canada,” said Scott, stressing the Storm’s traditional BlackBerry business and security features.

Pricing has not been announced, but is expected to be competitive with the current leading consumer smart phones priced up to $200.

© The Vancouver Sun 2008

 

Apartment and condo construction lift housing starts

Thursday, October 9th, 2008

Sun

Housing construction starts edged up last month to an annual seasonally adjusted pace of 217,400, thanks to increased apartment and condominium building activity, Canada Mortgage and Housing Corp. reported Wednesday.

“Housing starts remained at a high level in September, with construction activity again staying above the 200,000 unit threshold,” said the Crown corporation’s chief economist Bob Dugan. “Higher starts of multiple family homes were behind the rise in new home construction activity in September.”

Urban starts were up 0.1 per cent, as a 5.5 per cent increase in apartment and condominium building activity more than offset a 8.1 per cent drop in starts on single-family homes.

Urban starts went up or remained unchanged in all regions of Canada, except Ontario, where activity fell 6.6 per cent, it reported. Starts increased in Atlantic Canada, in the Prairies, and British Columbia and remained stable in Quebec.

However, for the first nine months of 2008, actual starts in rural and urban areas combined were down an estimated 5.7 per cent, compared to the same period last year, with activity on key single-family homes being down 15.6 per cent offsetting a gain of 12.2 per cent in the more volatile multiple-unit sector.

While private sector analysts applauded the recent strength in overall housing starts, they warn it won’t last.

“On the whole, despite the surprising strength in starts over the past two months, we expect new residential construction activity to moderate in the coming months as tighter lending conditions and a weak domestic economy temper demand for housing,” said Millan Mulraine, economic strategist at TD Securities. “This slowdown, however, is expected to be both measured and orderly, and in no way do we expect the extent of the correction to be comparable to that currently taking place in the U.S.

© The Vancouver Sun 2008

Old favourites, new flavours

Thursday, October 9th, 2008

A strangely comforting eatery, much like its dishes

Mark Laba
Province

Dishes once familiar, get a much more interesting treatment. Photograph by : Arlen Redekop, The Province

BAREFOOT KITCHEN

Where: 1725 Davie St., Vancouver

Payment/reservations: Major credit cards, 604-681-9722

Drinks: Fully licensed.

Hours: Sun.-Thurs., 11 a.m.-11 p.m., Fri.-Sat., 11 a.m.midnight

– – –

I always thought Godzilla would’ve made a great Japanese fast-fry short order cook. With his atomic breath that moves between a slight radiation vapour to an all-out fiery nuclear blast, he could handle a dinner rush no problem with plenty of time to spare to duck out and destroy an entire neighbouring city before dessert. Which would’ve made him a great candidate for handling the chores of a Japanese yoshoku restaurant. In fact, I think manning the stoves in a yoshoku eatery for all those Japanese movie monsters who might, in these modern times, find themselves out of their usual line of work and in need of a career change, would be a great choice.

Yoshoku joints have been popping up on the local landscape like protected marmots lately, offering their unique Japanese twists on Western food. The familiar becomes slightly unfamiliar with this cuisine, not unlike that nutty uncle of yours who after a few shots of peach schnapps takes his toupee off and does the Chicken Dance.

This relative newcomer to the scene is especially great if you happen to be a foot fetishist. The Barefoot Kitchen’s décor in this neat, underground space consists of large, colourful footprints hoofing it all over the walls. It’s an odd combination of both a Japanese fast food environment complete with a backlit menu board over the ordering counter much like McDonald’s and the clean line modern offerings of contemporary Tokyo with its brightly lit hip factor. In other words, it’s both a little strange and comforting, much like the food served here.

Peaches and I sampled a bunch of stuff and put our taste buds to the test with this hybrid fare, starting with the savoury Teriyaki Hamburg Steak Set ($10.50). Arrived with French fries, carrots, broccoli and a choice of either garlic bread or rice and a second choice of either miso or corn soup. Hamburg steak is the Japanese version of Salisbury steak, meaning ground beef shaped into a steak-like shape, and I found this critter particularly succulent, delicately spiced and tender as a baby calf lowing in the moonlight and with the teriyaki sauce there was something entirely decadent and delightful about the whole thing.

Also tried the Tonkatsu Set ($8.50), a breaded pork cutlet served with a citrus soy sauce, an odd steamed squash-like species on the side, plus the above-mentioned soup and starch options. The breading was the best part of this construction with its gnarly surface texture that, as in the world of snowflakes, emulates the theory that no two crispy shards are the same. The meat might have endured too much of a fry bath, taking a touch out of the tenderness but the citrus soy smoothed things over.

There was also a potato salad in the mix, though I’m not sure which dinner set it came with. Actually it was potato salad and a green salad with lettuce, cukes, tomato and ranch dressing all combined and the flavour was oddly satisfying, kind of like a Japanese white trash recipe.

There are also curry dishes and some classic pastas like the meat sauce or carbonara varieties or for the more daring the Mentaiko with thick spicy fish eggs. The new menu also offers a couple of hot pot and donburi bowl creations including a kimchi concoction and a chopped fatty tuna on rice respectively. For dessert try red bean paste and yuzu sherbert or crème brulee. To Western eyes and tastes, it’s kind of like familiar dishes that have been abducted by aliens. After they return they’re just not the same but somehow just that much more interesting.

THE BOTTOM LINE: How the West was re-invented.

RATINGS: Food: B; Service: B+; Atmosphere: B

© The Vancouver Province 2008