Archive for November, 2009

Social media sites like FaceBook & Twitter have a dark & dangerous side

Friday, November 6th, 2009

Joe Dysart
Other

Download Document

Mexico brings transparent financing, title ins & Canadian Lenders & now it is much easier to buy a property

Friday, November 6th, 2009

Frank O’Brien
Other

Download Document

B.C. building permits fall 27 per cent in September after rising in August

Friday, November 6th, 2009

Decline seen in the non-residential sector, Statistics Canada reports

Sun

After posting a noticeable lift in August, the building intentions of British Columbia contractors fell back down in September, figures in Statistics Canada’s latest report on the value of building permits shows.

And the decline was in the non-residential sector, which was responsible for B.C.’s rise in activity in August.

B.C. contractors took out permits worth $666.7 million, a 27-per-cent drop from the $917 million taken out in August with all of the decline attributable to a decline in non-residential construction intentions.

Residential construction intentions rose in September with builders taking out permits for $487 million, a 39 per cent increase from the $350 million taken out in August.

However, non-residential permits totalled only $179.6 million in September, down 68 per cent from the $566.5 million taken out in August.

In Metro Vancouver, however, builders took out $372 million worth of permits, down just 2.4 per cent from the $381 million taken out in August.

Across Canada, the value of residential building permits rose 9.4 per cent in September, but gains in that sector were offset by a 9.1 per cent drop in non-residential permits, Statistics Canada said Thursday.

Overall, permits were up 1.6 per cent to $5.1 billion during the month — the second straight monthly increase, the federal agency said.

The increase was in line with economists’ forecasts.

“Overall, the value of building permits fell in three provinces (British Columbia, Manitoba, Newfoundland and Labrador) and two territories (Nunavut and Yukon),” the agency said.

The value of residential permits rose to $3.2 billion, the highest level since September 2008. “The increase was mainly a result of gains in the value of multi-family dwellings, especially in British Columbia and Ontario,” the agency said. Permits were issued for 7,835 multi-family units in September, up 27.8 per cent.

Permits for single-family homes rose enough in six other provinces to offset a 5.4 per cent drop in Ontario and send the overall value up 0.2 per cent, to $2.1 billion.

In all, municipalities approved permits for 15,250 new dwellings across the country in September, an increase of 13.3 per cent.

Non-residential sector permits dropped 9.1 per cent to $1.9 billion in September, due mainly to declines in institutional and commercial building intentions in British Columbia.

The value of institutional permits fell 18.5 per cent to $597 million.

Fewer plans to build recreational facilities and laboratories in British Columbia and office buildings in Ontario accounted for the drop in commercial building intentions.

The value of industrial permits rose for the second month in a row, up 20 per cent to $363 million, largely due to projects for utility buildings in Quebec and Ontario.

© Copyright (c) The Vancouver Sun

New tool will give Google users access to their own personal data

Friday, November 6th, 2009

Sarah Schmidt
Sun

Google Inc. on Thursday launched new privacy controls so users can see the reams of personal information the Internet giant is storing about them and insist the data are deleted if they want.

People who have signed up for any of Google’s consumer services, such as Gmail, Blogger, YouTube and Picasa, are now able to use a new service called Google Dashboard, where they can log into a console and see all the personal data Google stores about them.

For example, Google’s Gmail system saves old sent and received e-mails, as well as e-mail drafts, attachments and chat messages. And Google’s web history feature saves online searches if the user has turned on the function.

The service allows users to peruse the information and edit or delete it. Users can also readjust privacy settings to limit Google’s ability to retain old data.

The move to tighten privacy controls comes amid concerns over online footprints and the use of behavioural marketing, which allows companies like Google to target ads to people by tracking online activities. Privacy watchdogs zeroed in on Google because of its clout in the marketplace.

There are more than a billion searches for information daily on Google, making up 65 per cent of the online search market and more than triple that of Yahoo, its closest competitor.

In Canada alone, there were over 21.6 million unique visitors using Google searches in September, nearly 10.8 million using Google Maps and 4.7 million using Gmail, according to ComScore, Inc., a research company specializing in the digital world.

Jonathan Lister, head of Google Canada, says the new initiative is all about enhancing two priorities for the company — improving transparency and control for Google users.

“We try to offer both of those things, both transparency into the data that Google has captured about people and them giving them control over it — so the ability to opt out, the ability to manipulate that data or customize it so that it’s more useful to them and the products become more useful to them,” Lister said.

© Copyright (c) The Vancouver Sun

Ackles-supported centre for disadvantaged kids officially opens

Friday, November 6th, 2009

Larry Pynn
Sun

The YMCA’s Susan Low (centre), with children at the new Bob and Kay Ackles YMCA Nanook House. Photograph by: Ian Lindsay, Vancouver Sun

The Bob and Kay Ackles YMCA Nanook House officially opens today to help disadvantaged children living in the Mount Pleasant community.

Ackles, the late B.C. Lions president and chief executive officer who served on the YMCA’s board of directors, and his wife Kay raised $2.2 million toward the $3.8-million goal. Ackles died of a heart attack on July 6, 2008, at age 69.

Nanook House opened in 1979 in a 1,500-square-foot portable building capable of handling 25 preschoolers. The fundraising campaign has allowed for construction of a new 5,600-square-foot building plus two outdoor play fields capable of handling 12 more children and providing additional programs for parents.

Susan Low, vice-president and general manager of YMCA child care, said in an interview that Ackles, once an east-end kid himself, took a genuine interest in the program.

“He came down on a regular basis, he’d play football with the kids,” she said. “He brought a bus down many times and took them to the football games. He really connected with them.”

Nanook House, at 1255 East 10th Ave., is a child care and family development centre for children aged 18 months to five years. The program involves nutrition, physical activity, communication skills, and literacy aimed at preparing children for success in school.

Programs are also offered for parents, who may be impoverished, suffering from mental illness, raising children on their own, or victims of abusive relationships.

According to Human Early Learning Partnership, a collaboration of six universities, Mount Pleasant is among the Lower Mainland’s most vulnerable areas, with 34 to 66 per cent of children developmentally vulnerable. The YMCA still needs $315,000 to finish Nanook House as well as $100,000 to operate it each year. To donate, visit www.vanymca.org or call 604-681-9622.

© Copyright (c) The Vancouver Sun

Telus, Bell enter iPhone market

Friday, November 6th, 2009

Competition for Rogers

Jamie Sturgeon
Province

Telus Corp. and Bell Canada are no longer playing catch-up to chief rival Rogers Communications in wireless as both turn on their advanced networks this week and begin selling Apple’s acclaimed iPhone among several new mobile phones once unavailable to them.

In fact, Rogers — for years the market leader in wireless services — could be the one falling behind.

To start, both Telus and Bell are trying to boost sales by sharply undercutting Rogers’ pricing on voice and data plans for the widely popular iPhone handset.

The coverage areas of the two phone companies’ new networks are also notably larger than that of Rogers, pushing the high-speed packet-access (HSPA) technology — which allows for wireless download speeds several times faster than dial-up — into communities outside major cities, bringing broadband to tens of thousands of rural residents for the first time.

Telus’s network went live Thursday, while Bell Canada got a slight jump, launching its service on Wednesday.

Telus also began to get a big dose of retail exposure Thursday in Ontario — where Rogers has its biggest footprint — by introducing wireless services through Black’s Photo Corp., the photo retail chain it acquired in September.

Black’s has 114 stores across Canada, with more than 70 concentrated in the country’s most-populous province.

Natale said the outlets will start selling wireless plans for iPhones and others, including the new BlackBerry Bold 9700, immediately.

In total, Telus will begin offering no less that five new handsets that operate on the HSPA standard, including the HTC Hero, the company’s first device that uses Google Inc.’s Android open-source operating system.

Rogers cut prices on some new phones Wednesday in anticipation. However, it left its rate plans for the iPhone untouched. The base plan for the handset is $65 a month, the company’s website said. Base plans on the iPhone at Telus and Bell start at $45 and $50, respectively.

The cheaper plans, however, come with reduced minutes and prepaid web usage.

Rogers gives subscribers 250 minutes for daytime calls and a full gigabyte of data, Telus and Bell give users 100 minutes and half the amount of data.

© Copyright (c) The Province

Construction-permit values fall off in B.C.

Friday, November 6th, 2009

Province

The value of residential building permits rose 9.4 per cent in September, but gains in that sector were offset by a 9.1-per-cent drop in nonresidential permits, Statistics Canada said Thursday.

Overall, permits were up 1.6 per cent to $5.1 billion during the month — the second straight monthly increase, the federal agency said.

“Overall, the value of building permits fell in three provinces (B.C., Manitoba, Newfoundland and Labrador) and two territories (Nunavut and Yukon),” the agency said.

In B.C., the overall value of permits fell by 27.3 per cent, the country’s sharpest decrease. B.C., however, had Canada’s highest increase in the value of residential permits, up 39 per cent.

Nationally, the value of residential permits rose to $3.2 billion, the highest level since September 2008. Permits were issued for 7,835 multi-family units in September, up 27.8 per cent.

Permits for single-family homes rose enough in six other provinces to offset a 5.4-per-cent drop in Ontario and send the overall value up 0.2 per cent, to $2.1 billion.

In all, municipalities approved permits for 15,250 new dwellings across the country in September, an increase of 13.3 per cent.

© Copyright (c) The Province

Hearty and down home — Japanese-style

Thursday, November 5th, 2009

Burnaby eatery within the Nikkei Heritage Centre is worth the wait for daily specials

Mia Stainsby
Sun

Manager Miyuki Azuma shows off some of the great homestyle Japanese food from Hi Genki. Photograph by: Bill Keay, Vancouver Sun

HI GENKI

6680 Southoaks Crescent, Burnaby. 604-777-0533.

www.fujiya.ca. Public hours: 11:30 to 3 p.m.; and 6 to 8:30 p.m.

– – –

Hi Genki is an oddity. But in a good way. For one, it’s in the nine-year-old Nikkei Museum and Heritage Centre in Burnaby, which also provides housing for seniors.

The restaurant serves meals to the residents but is also open to the public — dining hours for the two groups are staggered so it’s not like you’ve stumbled into a seniors’ mess hall.

If you go on the weekend, prepare to wait. The allure of a home-style Japanese meal for under $10 is stronger than the impulse to depart.

My partner and I waited 25 minutes with my poor mom, who leaned on her walker as there aren’t enough chairs to accommodate those waiting. I can’t believe no one offered a little ol‘ lady like my mom a chair.

You won’t find the usual suspects of sushi or izakaya style dishes here — it’s hearty, homestyle food. The kitchen serves up a menu-load of specials every day, a lot of them donburi style (rice bowl). There’s a rotating roster of specials and on the day I called, the menu included salmon katsu (breaded); salmon with egg on rice; prawn with egg on rice; chikara udon (a rice cake in udon; the word means ‘strong’ for how you’ll feel after you eat it); oden is a spicy hot pot with fishcakes, vegetables and egg.

My mother happened to have lost her bottom dentures and they were nowhere to be found. At the restaurant, I cut up all her food into baby pieces but she got to some Japanese pickles before I could cut it up. She liked it and would not let go; I envisioned her swallowing the daikon pickle whole, requiring me to jump into Heimlich action. Taking my mom out is always an adventure.

She liked her ebi katsu don (breaded and deep-fried prawns) with egg and rice and I, my sukiyaki don (veggies and eggs with a sukiyaki sauce over rice).

My husband had a deluxe bento with tempura, salmon teriyaki, tuna and rice. On the side, we had agedashi nasu (deep-fried eggplant served in a ponzu-like sauce).

The restaurant is run by the same folks who run Fujiya, the Japanese store and takeout with locations in Vancouver, Richmond and Victoria.

The chef previously ran Haru restaurant on Thurlow Street.

Manager Miyuki Azuma says weekends are busy, especially at lunch and if you want to avoid a wait, you might aim for an 11:30 a.m. or 2 p.m. meal, since you can’t make reservations.

A good plan would be to take in an event at the centre and do lunch or dinner.

For example, on Nov. 28, there’s a sale of vintage kimonos and other clothing, jewelry, scarves, washi paper lamps, wall tapestries and other items. (Check www.nikkeiplace.org.)

When I was there, I just missed a Japanese Farmers’ Market where Japanese vegetables, cooked foods and crafts had sold out quickly.

© Copyright (c) The Vancouver Sun

VANOC’s Furlong handed key to athletes’ village

Thursday, November 5th, 2009

All ready for 3,000 athletes to call home for two weeks

Sam Cooper
Province

A happy John Furlong gets the key to the Olympic Village from smiling Mayor Gregor Robertson. Photograph by: Wayne Leidenfrost, The Province

VANOC boss John Furlong looked relieved as he accepted the giant key to Vancouver’s Olympic Village from Mayor Gregor Robertson on Wednesday.

At the official handover ceremony in the cavernous Salt Building — with construction crews still working outside to finish the $1-billion-plus, eight-block development — Robertson quipped about delays, saying, “I know you’ve been waiting for this — welcome to your new digs John.”

Furlong called the facility a “platinum-level performer” and waxed poetic in a speech before a throng of media and officials, saying “the atmosphere of these Games will be lifted so much by this village.

“To get up and look across False Creek to the skyline and the mountains will propel athletes to the performance of their careers,” Furlong said.

Later, Furlong said Vancouver’s Olympic Village is head and shoulders above any other in the world.

He noted that other countries are already studying the facility.

In February and March 2010, more than 3,000 of the world’s top winter athletes and team officials will make the village their home, with access to extensive amenities and services. The Salt Building, a refurbished barn-like heritage structure with exposed wooden beams and a towering ceiling, is where athletes will meet and mingle.

Following the Games, unsold Millennium Water condo units valued at $600,000-plus each will be put on sale as part of marketer Bob Rennie’s revised strategy.

As developer Millennium ran into financing problems in the middle of 2008’s world financial crisis, the city was forced to take over the project and has had difficulty selling pricey units in a real-estate downturn.

Robertson pushed the “exceptional value” of the project’s green features, predicting the village will propel Vancouver to the goal of being the world’s leading “green city.”

“It’s hard to imagine we are standing on what was once the industrial heartland of the city, and now it’s our vision of a more sustainable future,” he said.

The mixed-use, mixed-income neighbourhood will have 1,100 residential units, incorporating sustainable infrastructure, high-performance green buildings and easy transit access, the city says.

© Copyright (c) The Province

 

Lower Mainland real estate continues to soar in October

Wednesday, November 4th, 2009

Metro sales hit 3,704, up 172% from the same month last year

Derrick Penner
Sun

Lower Mainland home sales continued riding high in October, with prices continuing to rise, according to reports from the region’s major real estate boards Tuesday.

In Metro Vancouver, covered by the Real Estate Board of Vancouver, realtors recorded 3,704 sales through the Multiple Listing Service, up 172 per cent from the doldrums of October 2008 and 22 per cent above sales levels in October 2007.

The benchmark price, the average price for a typical home sold, hit $749,808 in October, which was almost eight-per-cent higher than the same month a year ago, though not quite up to the pre-correction peak.

In the Fraser Valley, including Surrey, realtors saw 1,704 sales through the Multiple Listing Service in October, a 122-per-cent increase from the same month a year ago.

The benchmark price for detached homes was $491,128 in October, 0.4-per-cent higher than the benchmark of October 2008.

“I still think low mortgage rates are the key to this that has really been driving [sales] activity,” Scott Russell, president of the Real Estate Board of Greater Vancouver, said in an interview.

Russell said he has heard anecdotal evidence that foreign investors are once again playing a larger role, but it is rising confidence among local buyers, coupled with low mortgage rates, that has driven sales and prices.

Inventories have shrunk in a relative sense. In Metro Vancouver, the number of new listings in October was higher than the same month a year ago. But the total number of active listings in inventory in October shrank by four per cent compared with September and by 37 per cent compared with the same month a year ago.

In the Fraser Valley, October’s new listings increased seven per cent compared with September, but overall inventory shrank to 8,807 units compared with 11,715 in the same month a year ago.

Russell said realtors in his board area don’t expect the unseasonably high level of sales to continue through November and December, when markets traditionally experience a seasonal slowdown.

However, Robyn Adamache, a market analyst with Canada Mortgage and Housing Corp. said she is forecasting that Metro Vancouver sales will remain relatively robust until the middle of 2010, depending on what happens to mortgage rates.

“I think we are going to see some increase in mortgage rates as the economy improves, which is a bit of a two-sided thing,” Adamache said in an interview.

“It’s a good sign that the economy is improving if [banks] start raising rates a bit, but on the other hand, that will have an impact on what happens in the real estate market.”

Adamache is not expecting a dramatic increase in mortgage rates. Her forecast is for the five-year-posted mortgage rate to climb to an average of 5.75 per cent over 2010 from 5.55 per cent over 2009.

Another factor will be rising prices. Adamache said many of the enthusiastic first-time buyers who were motivated by the combination of lower prices and record low interest rates have bought homes.

Now, “prices are rising, and a lot of those people have done their thing already.”

Tsur Somerville, director of the centre for urban economics and real estate, in the Sauder School of Business at the University of B.C., said there are already some slight signs that the frenzy of sales is beginning to slow.

Somerville said the pace of sales in October, compared with the pre-correction years of 2007 and 2006, slowed somewhat from September.

And the rate of month-to-month price growth in October from September was the lowest it had been since May.

“I’d say it does suggest things have taken a little bit of step back from where we were in September.”

Somerville said the rapid rebound in the Lower Mainland’s real estate markets may be a sign that the economic recession in the region was not as severe as in other regions.

The high level of sales is the result of putting “the low interest rate environment and renewed optimism on a base of a not particularly severe recession in terms of employment [losses].

© Copyright (c) The Vancouver Sun