Canadian home sales fall 2.6 per cent in April as market cools down
May 30, 2010 by John Grasty · Leave a Comment
OTTAWA â The Canadian housing market is cooling, but the decline will be moderate, thanks to the rebound in the labour market, economists say.
Canadian home sales fell 2.6 per cent in April from the previous month, with residential sales totalling 52,042 units last month, 6.8 per cent below the peak reached in December 2009, the Canadian Real Estate Association said Monday.
Listings, meanwhile, rose to 99,901 homes newly being put up for sale, a record for the month of April that suggests balance is returning to what had been a sellers’ market.
On a seasonally adjusted basis, the months of housing inventory available rose to 5.3 months, the highest level since last May.
“Canada’s housing market has gone from full gallop to stately canter and is poised to slow to a leisurely trot in the months ahead,” said Bank of Montreal deputy chief economist Douglas Porter.
“The tote board of higher rates, tighter mortgage rules and the HST will rein in activity. However, the solid rebound in Canada’s job market is an important supportive factor, keeping the market from fully breaking stride.”
As for prices, the average national home price rose 12.2 per cent in April from the same month last year, although that is the mildest gain in eight months.
Prices might punch higher in the months ahead but are expected to cool considerably in the second half, Porter said, refusing to rule out the possibility prices would actually decline.
Higher borrowing costs and home prices will “eat away at the once-buoyant demand for housing,” despite a strong domestic economic backdrop and a labour market that has added 285,000 jobs since the recession eased in July 2009, said TD Securities senior strategist Millan Mulraine.
On a year-over-year basis, home sales were up 20.3 per cent in April. But the trend there also seems to be slowing, especially when comparing the April figures with the 70 per cent-plus sales gains of last year, Porter pointed out.
Regionally, residential sales and new listings declined in Saskatchewan, Ontario, Quebec, Newfoundland and New Brunswick, with sales down in Nova Scotia but listings up, Scotia Capital economist Derek Holt said in a morning note.
Alberta, Manitoba, B.C. and P.E. I., on the other hand, witnessed an increase in sales in April. On the price front, prices continued to increase by double-digit percentages compared with last year in every province but Alberta, Saskatchewan, Quebec, New Brunswick, Nova Scotia and Prince Edward Island, he added.
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Squamish band wants to develop land near Burrard Bridge
May 30, 2010 by John Grasty · Leave a Comment
The Squamish First Nation is planning a massive multi-million-dollar development on the bandâÂÂs traditional lands at the south end of the Burrard Street Bridge.
Once the Squamish village of Senauq, the land is an undeveloped green space bordered by the Molson Brewery to the southwest, Whyte Avenue and Vanier Park to the north, and False Creek and a row of condominiums to the east.
The Burrard Bridge cuts through the middle of the oddly shaped 11-acre tract, an allowance that Squamish Chief Gibby Jacob said his 3,600-member band intends to uphold.
The development could include a mix of high-density residential and commercial use such as condo and office towers. âÂÂWeâÂÂre looking at creating the highest and best return on the use of our land for our membership, but it hasnâÂÂt been clearly defined yet,â he said. âÂÂWeâÂÂre just in the due-diligence phase right now.âÂÂ
He noted more details will be made public in 10 months to a year. âÂÂWe still have to go back to our membership with a business plan.âÂÂ
The band hasnâÂÂt determined whether it will be an investor in the development or sell the lease rights. But Jacob wants to maintain most of it for the bandâÂÂs own development. âÂÂItâÂÂs time that we move from leasing land to becoming a developer,â he said.
The chief has already identified some band members with direct ties to the village of Senauq. âÂÂWe still have descendants of the families that come from that village and IâÂÂm sure theyâÂÂd like to, in some form or fashion, have their bloodlines reattached to the land where they come from.âÂÂ
Some nearby residents, however, would rather see the area kept as an urban green space. âÂÂThey shouldnâÂÂt do it because weâÂÂre losing all of the green spots here,â said Kitsilano resident John Van Ingen, 73. âÂÂHave trees and a park but not houses.âÂÂ
It is a refrain that Jacob has apparently heard too often before.
âÂÂAll the trees outside of our property can stay,â he said jokingly. âÂÂItâÂÂs quite the thing: The majority of the green spaces still left in Vancouver are where our people used to live. At Stanley Park, our people had several villages in the park and that area has all been kept green. Where the Spanish Banks are, our people had a village there that is now a public beach … Our people have given a lot, irrespective of whether we wanted to or not.âÂÂ
Adina Rosen, whose home borders the land, said that although she was surprised to hear the forest and grassland would be developed, she respects the wishes and rights of the Squamish. âÂÂThereâÂÂs already a high building there and itâÂÂs noisy,â said Rosen. âÂÂAs long as they keep a path for me so I can go to Granville Island.âÂÂ
Mayor Gregor RobertsonâÂÂs office confirmed Tuesday that he had seen a sketch of some possible development for the area a year ago, but has not yet received any formal proposals. Although the Squamish do not require the cityâÂÂs approval to build on the land, they need city utilities like water and sewers.
On Monday, Jacob signed a memorandum of understanding and protocol agreement with Robertson. The memorandum is not connected to the bandâÂÂs plans for development under the Burrard Bridge.
tcoyne@vancouversun.com
with files from the Vancouver Courier
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Old King Eddy shows how to mix business and history
May 30, 2010 by John Grasty · Leave a Comment
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`Ambitious` proposal still in its early stages
May 30, 2010 by John Grasty · Leave a Comment
The Squamish First Nation’s proposed multimillion-dollar development in the heart of Vancouver will include a mix of apartments, condos and office towers at the south end of the Burrard Bridge.
Nothing’s been finalized, but the towers could be as high as 35 storeys, according to renderings obtained by The Vancouver Sun, potentially changing the city skyline, altering traffic flow and reducing urban green space.
The sketches were designed by Kasian Architecture, Design and Planning, the same firm that designed the YVR Airport Canada Line station.
The Squamish would be building on ancestral land that was formerly a fishing village. Since the land is owned by the band and regulated by the federal government, the band does not need to follow city regulations over building height or density the way other land developers do.
Mayor Gregor Robertson’s office has examined the initial designs and said that what the Squamish are proposing is “very ambitious.”
“It is difficult to determine what implications these buildings will have on the urban landscape or public transit at this time because these designs are just illustrative,” said David McLellan, the city’s senior general manager of community services.
“But you can tell that it’s a lot of development when you look at the height of their buildings compared to the buildings around them.”
Squamish leadership will reveal more development details later in the year. The city will be offering advisory groups to provide comments and to encourage the first nations band to work with community members who will be affected by this development, said McLellan.
vluk@vancouversun.com
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Another “Buyer Beware” Seminar…
May 22, 2010 by John Grasty · Leave a Comment
This popular free real estate seminar will provide you with insights to avoid pitfalls and ways to protect yourself as a buyer, whether first-time, up-sizing or down-sizing.
“For anyone considering entering the real estate market we would highly recommend taking this seminar.” - Jim and Anna R. – Coquitlam
Next Seminar: Saturday, June 5th. 10 until 12 noon.
With all the responsibilities of buying and selling real estate, this need for risk management is crucial. The onus for property evaluation is always on the buyer whether pre-sale or resale.
Registration: 604-937-4155
Location/map: Coquitlam Public Library – Poirier Branch (map)
Presented by: “Homeowner Advocate” – John Grasty
A public service of Consumer Advocacy and Support for Homeowners (CASH) Society www.CashSociety.net
For more information, please contact: info@realestateevolved.com
Sponsorship questioned…
May 21, 2010 by John Grasty · Leave a Comment
Letter to the Editor – Re: “Builders showcase new homes this weekend” (The Times, May 14).
Sponsorship Questioned – published May 20, 2010
The Homeowner Protection Office, and what little it did for homeowners, has been completely dismantled by Rich Coleman and his cronies. No-interest loans and PST rebates for leaky condo owners have ceased, and the costs to these victims will soon be increasing due to the HST.
So while leaky condo owners, or any homeowners for that matter, don’t get one red cent for homeowner protection from the province, the HPO is now sponsoring the very industry responsible for leaky condos and other sub-standard building. This sponsorship continues with heartiness.
This is of course one of the many ongoing ways that the largest segment of donors to political re-election campaigns get paid back, and a serious case of “don’t cut off the hand that feeds you.”
Builders showcase new homes…
May 14, 2010 by John Grasty · Leave a Comment
The Greater Vancouver Home Builders’ Association (GVHBA) is presenting another popular consumer event this week. Open House: A Showcase of New Homes highlights the latest advancements in architecture, design, construction technology and energy efficiency.
Some of the region’s most prominent builders will feature 50 decorated and furnished showhomes at 22 home sites in Abbotsford, Burnaby, Coquitlam, Fort Langley, Langley, Maple Ridge, North Delta, North Vancouver and Surrey.
Participating builders are Adera, Azura, Boffo, Cressey, Domani, Foxridge, Legendary, Marathon, Marcon, Morningstar, Oakvale, ParkLane, Polygon, Portrait, Vesta and Wallmark.
The primary Open House sponsor is the Homeowner Protection Office, a branch of BC Housing and the provincial body responsible for licensing residential builders.
The four-day event, which began Thursday, offers a broad range of home types and prices, from a stylish Langley condo priced at $199,900 to a luxurious, custom-built Coquitlam home valued at more than $1 million.
People can also tour an 8,300 sq. ft. country house in an equestrian-themed community in rural Langley, where estate-sized building lots are offered for $529,900.
Features include sumptuous and spacious kitchens, lavish spa-like bathrooms, designer colours, vaulted ceilings, resort-style amenity facilities and a wealth of other creature comforts.
Open house hours are Thursday and Friday from 1 to 5 p.m. and Saturday and Sunday from 12 to 5 p.m. Some showhomes may not be open Friday, so confirm with the builder before visiting.
A complimentary Open House magazine — with photos, descriptions and maps — will be published by this week in NewLocalHome, published in local Black Press community newspapers (including The Times).
A preview of all participants was published last week in NewLocalHome. Details are also posted at www.gvhba.org.
A lucky visitor to the homes will win a Utopia Indulgence Package, which consists of seven hours of luxurious heaven-on-Earth spa services at Spa Utopia.
Participants, home types and locations are listed by municipality:
Abbotsford:
- Azura Homes, Pepin Brook Vineyard Estates, 2368 Chardonnay Lane, single-family detached
- Morningstar Homes Ltd., Pepin Brook Executive Homes, 29363 Bordeaux Terrace, single-family detached
Burnaby:
- Adera Development Corp., Green, #106, 7488 Byrnepark Walk, lowrise condominium
- Boffo Developments Ltd., Jewel II, 6130 Wilson Street (at Beresford), townhomes, highrise condominium
Coquitlam:
- Polygon Homes Ltd., Kensal Walk, 1125 Kensal Place, townhomes
- Wallmark Homes Ltd., Birchwood Estates, 3372 Scotch Pine Avenue, single-family detached
Fort Langley:
- ParkLane Homes Ltd., Bedford Landing, 23015 Billy Brown Road, single-family detached
Langley:
- Cressey Development Group, High Point Equestrian Community, 20048 2 Ave., single-family lots
- Marcon, Cornerstone, 5655 210A St., lowrise condominium
- ParkLane Homes Ltd., Time at Walnut Grove, 9525 204 St., townhomes
- Vesta Properties Ltd., Milner Heights, 20843 69B Ave., single-family detached, townhomes, fee-simple row-homes, manor homes and single-family attached
Maple Ridge:
- Oakvale Developments Ltd., Trails Edge, #41, 24185 106B Ave., duplex
- Portrait Homes Ltd., Stoneleigh at Silver Ridge, 13851 232 St., single-family detached
North Delta:
- Morningstar Homes Ltd., South Pointe at Sunstone, 10527 Modesto Place, single-family detached
North Vancouver:
- Polygon Homes Ltd., Wedgewood, 768 Orwell St., townhomes.
Surrey:
- Adera Development Corp., Salus, #1, 6671 121 St., townhomes, lowrise condominium
- Cressey Development Group, Summerfield, 109 172A St., single-family detached
- Domani Homes Inc., Lotus, #69, 16355 82 Ave., townhomes
- Foxridge Homes, Vista’s West, 6058 163 St., single-family detached
- Legendary Developments, Maple on 84th, 8418 163 St., townhomes
- Marathon Homes, The Highlands at Sullivan Ridge, 14795 61A Ave., single-family detached
ParkLane Homes Ltd., SouthPort, 3677 143 St., single-family detached
加国修订法规 木结构房屋最高可以盖到六层
May 13, 2010 by John Grasty · Leave a Comment
超级多伦多网 – 加拿大中文门户网站 来源: 网络文载 字号: 小 中 大 | 打印
卑诗省府修订建筑法规,准许木造建筑的限制楼高从原先的四层楼提高到六层楼,新法从4月6日起生效。省府表示,这项修法是基於木造建筑的若干优势: 成本较低、较為环保,並可為卑诗木材开拓出新市场。
為了消弭民眾对高层木造建筑是否经得起地震衝击的疑虑,省府已在上述新法生效前三日,针对高层木造建筑增订新的防震安全规则。
「消费者权益与支持屋主协会」(Consumer Advocacy and Supportfor Homeowners Society)主席葛拉斯提(John Grasty)却质疑,省府是根据其他城市的经验,制订高层木造房屋的防火安全规定,但这些法规却未在本省验证过。
他说:「我们毫不留意,就草率作出这些决议。」
他並指出,卑诗惨痛的漏水公寓问题,就是经由类似过程所酿成的灾难。
这项议题已引发相当多的爭论,许多人担心高层木造房屋的防火和防震安全。
但也有人指出,木造房屋因為具有弹性,其实是最耐震的,加州早已批准建造六层楼的木造房屋,有关防震问题其实无须过虑。
另外,若发生火灾,云梯消防车还可救出木造屋高层住户,这和钢筋水泥大厦的四、五十层楼居民相比,还算是较有安全保障的。
Six-storey buildings raise concerns
May 13, 2010 by John Grasty · Leave a Comment
Leaky condo owners get double the tax pain
May 13, 2010 by John Grasty · Leave a Comment



