Archive for August, 2005

Local Van. custom glass fabricator will design anything for a price

Friday, August 26th, 2005

Sinks, sculpture, even walls and fences: City firm’s work is beautiful and functional

John Mackie
Sun

CREDIT: Steve Bosch, Vancouver Sun Joel Berman can supply artistic installations to meet any need, such as …

There aren’t too many artists whose resume includes work for the United Nations, Trump Casino and Disney. But Joel Berman isn’t your everyday artist.

The 53-year-old is the head of Joel Berman Glass Studios, a multi-million- dollar Vancouver company that designs architectural glass for clients all over North America.

Berman and his staff of 50 can make functional glass artwork out of almost anything. Sheets of tall, thin corrugated glass with a touch of blue-green make a stylish outdoor windscreen on a terrace. Cast glass sinks on a glass counter top make for a very cool bathroom. Multi-coloured glass sculptures turn a partition in an airport lounge into an “art wall.”

The company’s creative versatility, imagination and technical know-how have resulted in commissions all over the world. Berman is doing a 6,000-square-foot glass sculpture on an exterior wall in Germany. Last year the company did glasswork in two hotels in Japan. Its biggest commission was doing three buildings for General Motors in Detroit.

But the company also does lots of residential work. For a penthouse in Coal Harbour, Berman is doing an art wall and a light sculpture in the dining room. The company put together a glass staircase for a client in West Vancouver. Another West Van client put up a glass fence.

“That was beautiful,” says Berman.

“With a translucent glass it gives you privacy [but lets in light]. Given that we have a lot of rain here, a high degree of light transmission is good. This [glass] would get about 70 to 85 per cent light transmission, depending on the texture.”

Texture is one of the things that makes Berman’s glass special. Some of his glass looks like a rock face, other glass has a ribbed look, some looks frosted. And it comes in a wide variety of colours. A suspended glass sculpture at Nortel Networks headquarters in Atlanta mixes a deep red wine colour with a vivid cobalt blue; strategically-placed spotlights bring out all sorts of hues.

Berman does some design, but stresses that the company is a team of artists and artisans who each add something special to the mix. The staff literally comes from all over the world. The two master mould makers come from Japan (Hiro Taniguchi) and Quebec (Daniel Masse). The head painter, Nenad Strebac, hails from from Sarajevo, Bosnia.

Berman is from Winnipeg, where his family ran a jewelry business. His father sold blown glass from Italy, and young Joel grew to love it. He learned leaded glass making in Winnipeg, but found there wasn’t much of a market. So he decided to study cast glass at Pilchuck Glass School near Seattle.

He moved to Vancouver in 1980. He started off making glass sculptures for private clients, but soon was commissioned to do corporate work through another Winnipeg expat, designer Ian Dubienski of Group 5 Design.

“We do corporate offices, and offices always have glass in them,” explains Dubienski.

“They have side lights for the doors, boardrooms that need glass. They need visual protection so that you can’t see through, but it allows light in. We were looking for some method to have something nice on the glass without putting drapes or blinds on it.”

Berman rose to the challenge in style. He started doing singular work for clients, modifying designs to suit each company.

“One job we did years ago for a shipping company,” recalls Dubienski.

“We were able to mould sextants and sea life and waves and things into a board room, so it looked as though it was a sculpture in a wall.”

Berman proved to be as adept at marketing as he was at art, and Joel Berman Glass grew from a small office/studio on Granville Island into an international company with offices on Granville Island, a 28,000-square-foot production facility near Japantown and a showroom in Chicago. He also has some glass mass produced in Europe.

He has an A-list of corporate clients, including Air Canada, AT&T, Bank One, Bank of Montreal, Bell South, Boeing, Continental Airlines, DKNY, Ford Motors, The Gap, IBM, Loblaws, Lufthansa, McDonald’s, Microsoft, Motown Records, Nokia, Northwest Airlines, Price Waterhouse, Ritz Carlton, Westin Hotels and Xerox.

Berman’s glass has become quite popular in high-end residences in the States.

“We do a lot of work in New York,” he says. “We did a 35,000-square-foot house in Vail for a single guy.”

Metropolitan Home magazine recently featured a Berman glass shower from a home in Washington, D.C. This week, editors from Metropolis magazine and Architectural Record are in town to tour his facilities and interview him.

In homes, Berman’s glass is used as doors, in showers, as backsplashes, balustrades, divider walls, skylights, and yes, even windows.

Glass stairs are proving to be quite popular.

“It’s something that’s a little bit new, something that has a novelty to it,” says Berman.

“We can do them in all kinds of colours. Glass stairs are a function of engineering, how thick to equal a load you can put on it, non-slip for safety and all that.”

Glass stairs start at about $120 a square foot, or $500 per stair. For an average staircase with 16 stairs, that’s about $8,000. Backsplashes start at $16 a square foot, doors at $25 a square foot, and guard rails/balustrades at $50 to $70 a square foot.

“Everybody has different budgets and different needs, different sizes,” he says.

“We have glass that’s inexpensive, we have glass that is very expensive. We approach [a residential project] from three ways: what you and your family want, what your budget is, and what your expectations are of how it’s going to work.”

Sometimes residential projects mix production pieces with specially cast glass. There is also a large inventory of glass in the warehouse basement clients can look through.

“We probably have $300,000 worth of leftovers — too big, too small, chipped corner — that we can cut down and turn into something else,” says Berman.

Dubienski likes Berman’s glass so much, he had some installed in his home.

“I’ve got one of his moulded products that was developed for offices,” he says.

“I put four big sheets beside my front entrance way, and it looks beautiful. You can’t see in, I get a whole bunch of light, and it gives a prismatic effect as car lights go by, it’s really quite beautiful.”

It works as art, and it works as architecture, which is why Joel Berman has become an international success.

© The Vancouver Sun 2005

The Housing Bubble is only a myth

Friday, August 26th, 2005

Other

Housing bubbleoney

By Cameron Muir, Senior Market Analyst
Canada Mortgage and Housing Corporation

I must admit that I sometimes chuckle when bombarded by Vancouver’s latest home-grown fad—Housing Bubble Mania. The armchair economists who populate Internet blogs on the subject have been prognosticating a Vancouver housing bubble for years now. The imminent crash hypothesis is based on what can only be called pseudo analysis supported by few facts. In these forums, only discourse that agrees with the cause is valid, and all else is labeled incorrect or even conspiratorial. The popularity of such opera is due, at least in part, to the fact that impending doom sells.

Today, even the chartered banks are weighing in, trying to reap the harvest of media exposure that accompanies any news release with Housing Bubble in the title. Of course, the banks recognise that the so-called bubble is an illusion, a fact contained in their research if anyone bothered to read it. Recently, one bank economist released the first of a supposedly quarterly report called Housing Bubble Watch. The bombastic title eclipsed only by the disclaimer, “it is impossible to identify a bubble before it bursts.” So why bother? Publicity, that’s why.

No reputable economist believes the housing market is due for a 1982-type collapse, where prices fell 40 per cent in one year. They will tell you, including those milking the Housing Bubble theme, that housing markets move in cycles, that today’s hot market will eventually cool and that home prices will likely edge downward before the next cycle begins. Headline material? Hardly.

Nevertheless, the spectre of a market crash is proving to be irresistible as bait for media attention. In fact, the Housing Bubble is merely a straw man propped up by some economists so they may knock it down in fine analytical style. It’s shooting fish in a barrel. However, an unintended consequence of all this is the anxiety created when people only remember the term Housing Bubble and not the rationale for why it doesn’t exist.

Housing is a long-term investment for all but a small minority of buyers. Those who choose to speculate do so knowing the risk. Long-term homeowners face much less risk and can more fully enjoy the many other benefits of their homes. This is the crux. Homeowners expect the market to ebb and flow, and the current market cycle is just that—a market cycle. No catastrophe is on the horizon. Don’t be fooled by straw men and housing bubbleoney.

6 basic principles when it comes to advertising a property

Friday, August 26th, 2005

Other

Who can advertise a listing?

The most common query from members is about advertis­ing. Who can advertise a listing? Who can advertise a listing that has sold? Can I advertise the selling price? The graphic below is an attempt to try to answer these questions.

Who can advertise a listing?

List DateSubject Removal DateCompletion Date

| Listing Brokerage |

|Co-operating Brokerage|

|All

There are 6 basic principles when it comes to advertising a property:

1.        The listing contract restricts advertising the property to the listing brokerage. This restriction runs from the effec­tive date of the listing to the completion of sale. If you want to advertise another member’s listing, you must get their permission.

2.        A co-operating brokerage is permitted to advertise its involvement in the sale once the sale has been reported by MLS.

3.        Between the time of the reporting of the sale by MLS and the completion of the sale, the sale price must not be advertised.

4.        After completion date, the sale price and date become public information. There have been no rulings that state this information cannot be published after completion of the sale.

5.        “Advertising” does not include your need to use sold information for the purpose of CMAs or working with a client. You’re free to use any available information for this purpose. However, “advertising” does include handdelivered flyers, newspaper ads and all other methods of mass distribution.

An exception is internet advertising through the Reci­procity program for active listings. Reciprocity is avail-able through your office and permits you to advertise all MLS listings on your personal or corporate website.

6.        The bottom line on advertising is this:
Do not publish, circulate or advertise in any way another brokerage’s listing without their permission.

Pointe Claire strata owners try to block Flatiron tower from being built

Thursday, August 25th, 2005

Pointe Claire residents lose fight to stop Flatiron

Keith Fraser
Province

CREDIT: Wayne Leidenfrost, The Province The new tower will go in the open space between the buildings above, blocking the park views of neighbours.

B.C.’s highest court has given the green light to a tony, 28-storey residential tower in Vancouver‘s Coal Harbour that will block the precious views of some owners in a nearby tower.

The project on West Pender Street by property owner Cathedral Ventures Ltd. — to be called The Flatiron because of the property’s triangular shape — was given conditional approval by Vancouver city’s development-permit board last year.

But some owners in Pointe Claire, a 34-storey highrise across the street, feared the loss of their views of Stanley Park and appealed to the city’s board of variance for a review.

In January, the board of variance overturned the permit board’s approval. Cathedral then took the case to the B.C. Supreme Court, seeking to have the approval reinstated through a judicial review.

The developer argued that the board of variance lacked jurisdiction under the Vancouver Charter and that the owners of the other building lacked standing to initiate an appeal.

A judge found that the board did indeed have the jurisdiction, but Cathedral appealed that decision and won: The Supreme Court ruling now has been reversed by a three-member panel of the Court of Appeal.

“The case was originally about a development-permit board decision being overturned based upon complaints by neighbours that views were blocked,” said Peter Busby, the architect for the new project. “Given the shape and form of Vancouver, that’s a frightening prospect because you can’t build anything without blocking somebody’s views.”

He said the appeal court has made it clear the powers of the board of variance do not include reviewing and rejecting projects related to third-party complaints.

Busby said he expects the project will be reviewed by the city’s urban design panel within four weeks and then will be in a position to be given the go-ahead.

Tetsuya Kotogi, a resident in Pointe Claire, said the project initially was going to be built closer to the western edge of the property, but is now planned to be built closer to the eastern side — good for him personally, but bad for others in his building because their views will be blocked.

“We are happy, but some people on the northeastern side, they are going to block their views.”

In approving the project, the development-permit board posted a number of observations on its website, including the comment that “the city has set a tone for the sea of towers in this area, so one more from a view standpoint is really not an issue at all; it’s more an issue of getting some dramatic architecture.”

Cathedral could not be reached. Rick Scobie, chairman of the development-permit board, said the city’s law department is reviewing the appeal court ruling to determine what it means. The board of variance, which was meeting yesterday, could not be reached.

© The Vancouver Province 2005

Let a keyboard or mouse be your travel accessories

Sunday, August 21st, 2005

. . . I feel more in control than going through an agent

Rosemary MacCracken
Province

PHOTO ILLUSTRATION — THE PROVINCE

From her home or office, computer-savvy people like Mandy Moore can check out the destination she would like to visit and book online.

Canadian Tourism Commission’s Walid Salem says four in 10 travel shoppers have browsed online but ultimately purchased directly from suppliers.

You can book your flight directly with an airline such as Air Canada (shown taking off from Vancouver above) and book your stay with a resort in Orlando, Fla., that has a shuttle to Universal Studios

The Internet is helping people like Mandy Moore realize their travel dreams. From the comfort of her home or office, she can check out the destinations she’d like to visit, find out what services and entertainment are available, and see what flights, hotels and car rentals cost.

Moore, 31, takes five or six trips a year and always shops for travel online, comparing two or three providers. “I sit at a desk all day, so it’s easy to click around and see what’s available,” she says. “And I feel more in control than going through an agent. I can see range of prices and other options.”

A 2004 study of online travel by TNS Canadian Facts says one in five travellers used agents to make their bookings, compared with 12 per cent who purchased from full-service travel websites. And those who use the Internet are not all enthusiastic about the experience. The study found 37 per cent were fully satisfied, 50 per cent were somewhat satisfied and 10 per cent were decidedly unimpressed.

Walid Salem, director of customer relationship management at the Canadian Tourism Commission’s e-marketing group, cites a recent report published by PhoCusWright Inc., which surveys online travellers in the U.S. It found that four in 10 travel shoppers have browsed at online travel sites but ultimately purchased directly from suppliers.

“Online providers can clearly improve their footing with travellers,” says Salem. The CTC is an Ottawa-based consortium of public- and private-sector tourism partners.

The key to doing so, he adds, “may be selling multiple travel components — such as flight, hotels, car and tours — in one online package.” He notes a 400-per-cent jump in online U.S. travel package spending to $4 billion US in 2004 from $1.2 billion in 2002. “And that market is projecting spending of $10 billion in 2006.”

The full-service travel websites have been delivering travel packages since the mid-1990s, adding features and refinements over the years and Salem predicts the online arms of mainstream travel outfits will be following this model.

Expedia.ca started serving the Canadian market in 1997, a year after Expedia.com, the mother company, was launched in the U.S., and its site has gone through about 18 revisions. Today, with a click of a mouse, visitors can search for flights, hotels or flight-hotel packages, and create their own unique holidays. Expedia partners about 20,000 hotels, and provides a wealth of visual and written information on each.

“We clearly indicate what hotels are child-friendly, and you can also search according to amenities,” says Sean Shannon, Expedia.ca’s Toronto-based managing director. “If you’re going to Orlando and you’ve got to have a pool for the kids, the Wyndham Orlando Resort offers two children’s pools, three outdoor splash pools, and shuttles to Universal Studios, SeaWorld and Wet ‘n’ Wild.”

Travel insurance can be added to an Expedia.ca package, as can transportation to and from the hotel. Sightseeing tours and entertainment can also be booked at many travel destination locations.

Travellers to Dublin, Ireland, for instance, can book a 90-minute Dublin tour or day trips outside the city, while visitors to New York can purchase tickets to Broadway shows playing during their stay in the city.

“You can book all the components of your trip before you leave home,” Shannon says, “and not waste precious travel time making decisions.”

U.S.-based Travelocity operates in a similar way. Flight/hotel packages can be created by keying in the departure city and destination, and hotel searches can be narrowed by clicking on desired amenities such as swimming pools or fitness centres. Last-minute deals are also flagged. But keep in mind that Travelocity prices are in U.S. dollars and some of its flight routes are not as direct as those offered by Canadian providers.

Flights, hotels and insurance can be booked with Air Canada’s online travel partner, Destina.ca, but there is less of an emphasis on the “package” than with Expedia.ca or Travelocity. Shoppers can check out what flights and hotels are offered, but book these separately. Hotels can be located near particular landmarks at travel destinations, or found according to the amenities they offer. And travellers earn Aeroplan Miles for all flights and hotel bookings.

The feature of shopping for flights on aircanada.com or destina.ca is that viewers see a grid listing the prices for a range of days around their departure and return dates.

Viewers may see, for instance, that they will pay a lower fare if they return the day after their planned return date and can adjust their times accordingly.

“The web allows us to provide greater transparency to customers,” says Laura Cook, Air Canada’s Toronto-based communications manager. “The customer is in the driver’s seat. He can choose the flight and fare that suits his need.”

Air Canada customers can also check in for their flights online, determine the flight departure or arrival status and register to receive alerts of any flight changes via e-mail, pager or text-enabled telephone.

Packaging now includes extended families living across the continent.

Moore frequently vacations with relatives who live in the U.S. Two years ago, her family reunited around Christmas in Las Vegas. She arranged flights for her grandmother and brother in Baltimore, her sister in New York, her mother in Fairfax, Va., and cousins in Pennsylvania and North Carolina. This summer, she’ll meet her mother and sister for a spa weekend in Massachusetts. “It’s more fun getting together away from home,” she says.

“Family vacation reunions, particularly to sun destinations, are a growing trend,” notes Expedia.ca’s Shannon. Visitors to Expedia can set up mock itineraries and e-mail them to others; when a group agrees on the details of a trip, flights and rooms can be booked individually or by one person.

Air Canada online customers can book for up to nine people on Air Canada or Air Canada Jazz flights and on flights operated by Star Alliance partner airlines.

Most online travel sites encourage customers to create user profiles — with information such as destination preferences and meal requests voluntarily provided by the customer. This allows providers to send out customized e-mail about offers that might appeal to these individuals. There’s a big rush in the travel industry to create customer loyalty in this way, Salem says.

“The technology is certainly there, but so far the industry hasn’t gone as far with this as the online bookstores have.”

Consumers can expect to see more of this customized marketing in the future. Shannon says Expedia is developing ways to offer its customers greater “personalization.”

Map it out

Most online travel providers provide maps of the areas in which their properties are located. Call up any hotel offered by Expedia.ca or Destina.ca and you’ll be offered a map of its sounding area; if it’s in a city, a map of the surrounding neighbourhood will be shown.

Travelocity’s properties also come with maps and directions from major airports.

Travellers who want to check out areas away from their hotels, however, will generally have to do their own research but there is online assistance.

Visitors to MultiMap ( www.multimap.com) can look at a continent, a country or a city, then zoom down to a specific intersection. The site also allows visitors to book hotels within blocks of a refined search, and provides door-to-door travel directions.

Need to find out what languages are spoken in Afghanistan? Another site, GeographyIQ (www.geographyiq.com), provides facts, figures, as well as maps, about a host of countries’ geography, demographics, economy, government, political system, history and cultural background. A foreign currency converter offers conversion rates from everything from pounds to pesos, rupees and rubles.

WorldAtlas ( www.worldatlas.com) offers an archive of printable city maps from around the world.

Dot travel

As of Dec. 1, consumers will see changes in the web addresses of many businesses, organizations and professionals in the global travel industry. Many domain names will end with the “.travel” extension (as in xyztours.travel).

The Travel Partnership Corp. a Washington, D.C.-based non-profit international consortium of travel industry members, is the sponsor of dot.travel and its goal is to develop and enforce standards for .travel members worldwide.

Candidates for dot.travel domain names will have to display acceptable business practice standards. This will help ensure consumers that these are legitimate travel businesses and organizations, says Susan Wong, the Tourism Industry Association of Canada’s communications manager in Ottawa.

“Right now, you don’t really know what you’re getting with an online travel company.”

“It would provide branding and context to an URL,” the CTC’s Salem says. “Consumers will know from the dot.travel extension that a firm is a travel business. But will it assure the authenticity of a business? That depends on just how it is regulated.”

Expedia.ca’s Shannon says his company and its sister firms around the world will not be moving to a .travel domain name.

“It may have some relevance for the broader industry,” he says, “but it doesn’t suit our model. We are set up by country with the .ca extension in Canada — which means all our content is relevant to Canadians — .com in the U.S., .de in Germany, .fr in France and .co.uk in the United Kingdom.”

SITES TO CHECK OUT

Canadians interested in exploring their own country can research Canadian destinations at user-friendly online visitor centres.

Links to provincial/territorial tourist associations and bureaus can be found at www.tiac-aitc.ca/english/usefullinks.asp. And the Tourism Industry Association of Canada’s site at www.tiac-aitc.ca/english/CACVB_members.asp provides links to regional/city tourism bureaus.

For more on travel in Canada, www.shopincanada.com/

Travel_Leisure/Travel_Agencies_Services/

The Last Minute Club: www.lastminute.com

Club Med: www.clubmedvacations.ca

For hotel reservations: www.hotelscentral.com

For discount travel and more, www.canadaretail.ca/Travelguide2.html

© The Vancouver Province 2005

From passion to profession, a single mouthful at a time

Sunday, August 21st, 2005

WINE-TASTING: Love of grapes parlayed into one juicy job

Donna Nebenzahl
Province

Sandi Marques demonstrates her wine-tasting technique. — CANWEST NEWS SERVICE/MONTREAL GAZETTE

MONTREAL — How does one turn a passion into a thriving business? In the case of Sandi Marques, one glass of wine at a time.

The 33-year-old sommelier and wine educator started her business two years ago in Ontario — after 14 years working in restaurants and hotels. Six months later, she moved to Quebec with her husband, a sales trainer for Novartis.

It seemed the right fit for a woman whose strongest childhood memories involve crates of grapes being delivered each year to her Portuguese household in Cambridge, Ont., where her dad made wine.

Marques chooses a glass of Quinta do Portal 1999 from the Doro region of Portugal.

She holds the glass at a 45-degree angle.

“Look,” she says intensely. “Look at the colour at the rim and the centre, the core. There’s a slight hint of brown/yellow tinge at the rim, because of contact with the barrel.”

Then she takes the glass by the stem — “this is how we find its legs” — and swirls it enthusiastically. Clear streams of

glycerine wash down the sides, and, depending on its age and quality, the streams will be thicker or thinner to denote alcohol content. She’s spot on at 14-per-cent alcohol.

“First you look, then swirl and finally you smell,” she says.

Smell is the most important sense for the wine-taster, whose abilities are so refined, she’s able to use words like vegetal, earthy, dark plum, black pepper or

coffee to describe a particular aroma in the wine. All that takes is practice, Marques says.

“The best way to get the vocabulary for wine is to smell things. Smell pepper, melon, canned and then fresh peaches,” she says. “Pay attention to smell and you’ll see that you can apply that to a glass of wine.

“Most people, when they start appreciating wine, use generic words like fruity or woody. What gets you to become a better taster is the nose. And research suggests that women have better noses than men.”

The last thing is taste, the last of Marques’s three Ss: sight, smell, savour.

To taste, first the sip of wine is swished all around so it makes contact with all parts of the mouth. “Like you’re gargling,” she says. “Then take in a little air, to help the olfactory meet the tongue.”

She swallows. “Nice wine, medium-bodied, good level of acidity. The wood barrels have infused into the wine, and it has a medium finish [finish being how long the flavour lingers].”

This wine, she decides, would be lovely with the tiered duck and potatoes with apple being served as a first course at her Flavours of Portugal wine tasting next week.

It’s another element of her quietly growing business, Cork and Karma: the occasional dinner with wine — in this case, a three-course gourmet meal paired with four wine tastings — she plans to hold.

Marques, mother of two small children, has been well schooled in both food and wine, with a commerce degree in hospitality and tourism management from Ryerson University, a culinary diploma from George Brown College and her sommelier’s licence from the International Sommelier Guild.

She named the company, she says, after the cork trees in Portugal.

“And I added the karma because I believe that the reason we’re here is to give back.”

Her dreams of wine are bigger than a business that now includes a 200-member wine club, wine tastings and seminars, a wine-cellar subscription service that offers would-be collectors advice on stocking their cellars and a newsletter.

She is in the growing stage of her business, pouring all her revenue back into the company.

“Growing a business takes time,” says Marques.

© The Vancouver Province 2005

If you rent, remember you need insurance too

Sunday, August 21st, 2005

Tenants are not covered under their landlords’ policies

Michael Kane
Sun

CREDIT: Glenn Baglo, Vancouver Sun BCAA’s residential insurance expert Patricia Stirling urges renters to get home insurance

Lena Karlstrom is a fire victim with a difference. She had tenant’s insurance which will go a long way to replacing her lost possessions.

Most of the renters burned out earlier this month when fire destroyed four Kitsilano heritage homes were not protected and are starting over from scratch.

Renters often mistakenly believe that the landlord’s insurance covers their personal property but it does not, said Lindsay Olson, Vancouver-based vice-president of the Insurance Bureau of Canada.

Nor does it cover the tenant’s personal liability if he or she is responsible for a fire or loss or injury to him- or herself or another person.

A standard tenant’s policy also includes all sort of little-known coverages ranging from the cost of accidental damage you might cause while visiting someone else’s home to medical claims by someone bonked on the head by your errant golf ball.

More important, if you are burned out, it will also pay for a motel and out-of-pocket expenses while you look for a new place.

Yet most renters don’t give insurance much thought.

“We don’t have hard numbers, but anecdotally we’ve heard that it may be less than 25 per cent of tenants who actually carry tenant’s insurance,” Olson said.

Karlstrom is a mother of two who recently separated from her husband and had just finished buying all the stuff she needed for her new place when the fire struck.

She was paying $30 a month for $30,000 of basic coverage from the B.C. Automobile Association and is still compiling an inventory of her losses which include designer jewelry from her native Sweden and most of about 900 books collected over 20 years.

“I lost everything in the fire,” said Karlstrom, a 41-year-old teacher of Swedish and Scandinavian literature at the University of British Columbia. “I saved a few pieces of furniture, most of my photos, a few books and some clothes but the rest is gone or damaged by smoke or water.”

Karlstrom said becoming a mother changed her outlook on insurance.

“Before then I was like most of the people in the building who didn’t think they had much and didn’t worry about it. I never imagined my losses would amount to $30,000 but when you start adding it all up, it’s surprising.”

BCAA’s Patricia Stirling suggests everybody — tenants and homeowners — should take an inventory of their possessions.

“I guarantee that if you listed every single item that you own, you would have twice as much as you expect,” said the auto club’s manager of underwriting development.

“People tend to forget that the cost of food items like spices can really add up if you have to replace them all at once. Or they forget things that are only used occasionally, like rollerblades, or the box full of Christmas decorations on top of the closet.”

The liability protection bundled into the standard tenant’s policy is also important. The landlord may have fire insurance, but if you are responsible for burning the building down, you will be expected to pay.

Stirling notes liability coverage applies anywhere in the world, so you have some protection if you are taking a trip to Palm Springs and your golf ball hits someone in the eye, although there will be a limit to the amount that can be claimed.

Similarly, property coverage applies outside the home to include items stolen from your vehicle — auto insurance only covers items affixed to the vehicle like audio systems — or the loss of your suitcase on vacation.

Less well-known is something called “voluntary medical or property coverage” where your policy will pay out if a visitor to your home is injured, perhaps cutting themselves on a glass coffee table and requiring stitches, or if you clumsily break somebody else’s glass coffee table while visiting their home.

All tenant’s policies have exclusions, including wear and tear, flood damage, or losses resulting from your own illegal activity. If your grow-op goes wrong, you are on your own.

There are also limits on how much the standard policy will pay for CD or book collections or items like bicycles, jewelry, furs, artwork and computers. If you have more of those items than the average Joe, or more expensive versions, you will need to pay for extra coverage.

You can also pay for extras like earthquake insurance and some insurers, including BCAA, offer identity theft protection, in case somebody racks up bills in your name and ruins your credit rating.

For more information on tenant’s or homeowner insurance call the Pacific region office of the Insurance Bureau of Canada toll-free at 1-877-772-3777 or visit www.ibc.ca

© The Vancouver Sun 2005

First two phases of New Westminster Condo project 80% sold

Sunday, August 21st, 2005

Jeani Read
Province

CREDIT: Jason Payne, The Province The homes of The News aren’t big, but they have big-city sleekness and have space-stretching layouts

CREDIT: Jason Payne, The Province The homes of The News aren’t big, but they have big-city sleekness and have space-stretching layouts.

CREDIT: Jason Payne, The Province The homes of The News aren’t big, but they have big-city sleekness and have space-stretching layouts.

The good news is The News is a great new development in a great new spot in New Westminster. The bad news is the first two phases are 80 per cent sold out.

Of all the ‘burbs around Vancouver, New Westminster has been pretty well last off the mark when it comes to new development. Prices reflect that, so the astonishing early-promotion starting price of $168,900 (still emblazoned on the presentation centre wall) for one-bedroom condos and $223,900 for two-bedrooms at The News seems impossible. Granted, those have been snapped up, but the remaining units are still brilliantly priced. .

We really like New West these days. The city fathers are seriously behind the revival of the town, with the mayor recently announcing improvement going on around the waterfront — more or less The News’ neighbourhood.

The News is situated on a lovely south-facing slope just above the waterfront, with views that look pretty lovely all around, especially toward the river.

It’s not the only development in this little area: Generations, River Vista and Belmondo are some of the others right in the same area, which bodes really well for a lively, thriving urban environment in the future.

Maybe it will lead to the perking up of the Quay, too, which has always had so much potential but has never really got off the ground. The young, professional first-time buyers flocking to The News and the other developments here will probably make it so.

As it stands, The News is a block and a half from a SkyTrain station, a spit away from Douglas College and close to Columbia Square shopping plaza and a lot of other necessities such as a Keg, Spaghetti Factory, sushi places and a Starbucks — so your emergency needs are taken care of.

The dollhouse model for The News reveals a gracious plan, two towers, lots of landscaping, a group of townhomes. And last but not least, the style and finishings of the homes are city-sleek and smart. No, they’re not big. Yes, they are cool and well-appointed.

With space-stretchers such as computer nooks, oversize patios and, in the two-bedroom display suite, a big walk-through closet, the open plans are compact but totally liveable.

Gated parking, storage lockers and wiring for high-speed Internet access are standard, as is the stainless appliance package.

Add an upgrade or two — frosted cabinetry and granite counters in the kitchen — and call it home.

The third phase of The News? Mark your calendars: October.

Five Fab Features

– The prices. Great.

– The views. Who knew?

– A new neighbourhood. Be the first on your block to — well, to live on your block. In style.

– Great landscaping. A private park in a town of parks.

– The commute. We’ve said this before, but New West is our favourite commute. No bridges

or tunnels, easy roads into

Vancouver.

And in the other direction, it’s a big head start into the rest of the valley. Perfecto.

QUICK FACTS

WHAT: The News is 224 condominiums and six townhomes (in the first two phases) in New Westminster.

WHERE: Agnes Street between Blackie and Mcinnes, New Westminster.

DEVELOPED BY: Rykon Group.

SIZES: 560 sq.ft-1,152 sq.ft. (townhome).

PRICES: $182,900-$339,900 (townhome).

Open: Noon to 5 P.M., 8095 Agnes Street, 604-526-8322.

© The Vancouver Province 2005

Real estate sales surged in July

Saturday, August 20th, 2005

Michael McCullough
Sun

Home sales across B.C. picked up in February after a slow January, returning to last year’s record-setting pace.

Though the number of units sold declined slightly from February 2004, to 7,404, dollar volume increased a healthy 8.3 per cent to $2.3 billion, the B.C. Real Estate Association said Thursday.

The totals represent an increase of 2,800 units and $1 billion from January, which was affected by inclement weather in addition to the usual seasonal slowdown.

“Sales are keeping pace with last year’s record levels and consumers are confident that now is a good time to buy a home,” association president Gordon Maroney declared in a release. “This is going to be another strong year for home sales in B.C.”

Although 10 of the province’s 12 real estate boards increased dollar sales year-over-year, some regions fared better than others.

Boards in the central and northern Okanagan, Kamloops, Powell River and Vancouver Island (excluding Victoria) all managed to boost both the number of transactions and dollar totals.

The Real Estate Board of Greater Vancouver, which accounts for roughly half the home sales in B.C., essentially matched last year’s transaction pace with 3,150 resale homes changing hands.

Cash flow, however, increased 8.6 per cent, reflecting the year-to-year rise in home prices.

– – –

VALUE OF SALES UP AT A HIGHER RATE

The number of B.C. home sales slipped slightly in February compared to the same month a year earlier, but the value of the sales increased at a greater rate.

B.C. home sales, volume

Feb. ’05 – 7,404

Feb. ’04 – 7,566

Change: -2.14%

B.C. home sales, value

Feb. ’05 – $2.3 billion

Feb. ’04 – $2.1 billion

Change: +8.3%

Source: B.C. Real Estate Association

© The Vancouver Sun 2005

Soaring prices put your dream mansion even further out of reach

Saturday, August 20th, 2005

Bob Ransford
Sun

How much must a home cost before its owner (at least) might consider it a trophy home? I am not talking about your upper-middle class executive-style home or your edge-of-the-city hobby-farm home. I am talking about the kind of home that we used to call a “mansion” — the home of your dreams.

Perhaps you are already living in your dream home. But everyone has bigger dreams. Everyone dreams of that trophy home — a real luxury palace with features that would indulge your wildest fantasies.

The kind of mansion I am talking about is probably located on a signature property in an exclusive neighbourhood. It is sprawling in size, finished with the finest of materials and built by craftsmen. It has superb architectural detailing, probably a separate guest suite, servants’ quarters, more than one home-entertainment room. It might have a pool with a pool house, a detached garage and more.

If money were no object and you could buy that trophy home what would you expect to pay for it?

It doesn’t seem that long ago that you mentioned the million dollar price tag and you were most certainly talking about a mansion. Now, a million dollars gets you little more than a West Side move-up on a standard lot.

The sky-rocketing trend in real estate prices has certainly had as much impact on the top end of the housing market as it has on the middle and bottom ends of the market.

Recently, I was doing some research for a magazine article I am writing on luxury homes in Canada‘s big cities and I was trying to peg the price threshold for luxury homes in Vancouver.

A search of homes for sale on the MLS in Vancouver revealed that there were 367 homes listed for sale in the $1 million to $2.5 million price range. Almost a third of them were apartments or townhouses. Of the remaining 281 single family homes, all but two of them were located on the city’s West Side.

Most of these homes appeared to be your average upper-middle class large home. Few of them boasted of the features typical of a real mansion. Fewer still were in signature locations.

Then I started to think that the price threshold for luxury homes was at about the $2.5 million mark. Well, when I looked at the data, the market seemed too deep at that level. There were simply too many homes listed in the range just above $2.5 million to make that part of the market exclusive enough to categorize as the luxury market.

There were 84 homes listed for sale in Vancouver at prices above $2.5 million and 18 of them were apartment homes. None of them were trophy homes.

It wasn’t long before I concluded that the luxury trophy home market in Vancouver starts at about the $4.2 million price level. The average home price in Greater Vancouver in June was $422,843. That means a home worth $4.2 million is about 10 times the cost of the average priced home.

I haven’t been able to find any data that compares the ratio of luxury home price to average home price over time, but I suspect the ratio of 10 to 1 is near the highest it has ever been.

A survey of luxury homeowners in the U.S. last year indicated that the overwhelming majority felt that interest rates hikes have little effect on their luxury spending. Sounds like it is a pretty secure part of the market.

Meanwhile, Canada‘s RBC Financial Group last month predicted that, with B.C.’s strong provincial economy and its scarcity of land, house prices will continue to go up and housing affordability in B.C. is expected to get even worse.

What does that mean for the price threshold for trophy homes? Is my $4.2 million benchmark too low? Who is it that can afford a real mansion at these rising prices?

I would like to hear what you think.

Bob Ransford is a public affairs consultant with COUNTERPOINT Communications Inc. He is a former real estate developer and a director of the Urban Development Institute – Pacific region. Email: [email protected]

© The Vancouver Sun 2005