Archive for August, 2009

Existing home sales surge 7% in July as prices continue to drop

Friday, August 21st, 2009

Alan Zibel
USA Today

WASHINGTON — The U.S. housing market is rebounding quicker than expected, with home resales in July posting the largest monthly increase in at least 10 years as first-time buyers rushed to take advantage of a tax credit that expires this fall.

The National Association of Realtors said Friday that home sales rose 7.2% to a seasonally adjusted annual rate of 5.24 million in July, from a pace of 4.89 million in June. It was the fourth-straight monthly increase and the highest level of sales since August 2007.

Sales had been expected to rise to an annual pace of 5 million, according to economists surveyed by Thomson Reuters.

“The housing market, with today’s strong rise in sales, has decisively turned for the better,” said Lawrence Yun, the trade group’s chief economist.

Sales of foreclosures and other distressed properties made up about a third of all transactions last month, down from nearly half earlier this year. In places like San Diego and Orlando, buyers are snapping up foreclosed properties at deep discounts, and real estate agents are pressing banks to release more foreclosures onto the market.

Those sales helped drag down the median sales price by 15% to $178,400.

First-time buyers must complete their sales transactions by the end of November to take advantage of a tax credit of 10% of the purchase price, up to $8,000. The real estate industry is lobbying Congress to get the credit extended.

“It would be unfortunate to see the momentum halted,” Yun said.

The inventory of unsold homes on the market rose to 4.1 million, from 3.8 million a month earlier. That’s a 9.4-month supply at the current sales pace, unchanged from June.

HST to hike maintenance fees for condo owners

Friday, August 21st, 2009

Derrick Penner
Sun

Tony Gioventu, executive director of Condominium Homeowners Association of B.C., talks about the expected impact of the HST. He said strata fees will rise from three to seven per cent next year. Photograph by: Steve Bosch, Vancouver Sun

British Columbia‘s condominium owners can expect their building maintenance fees to rise up to seven per cent when the Harmonized Sales Tax (HST) takes effect next July, according to groups that represent them.

Monthly maintenance fees cover the common costs of looking after a condominium complex, from landscaping and janitorial to heating systems and elevator maintenance.

All services now subject only to the five-per-cent GST will be subject to the full 12-per-cent HST after next July 1.

“The potential here is that strata corporation budgets and fees are going to be raised anywhere from three to seven per cent to cover costs,” Tony Gioventu, executive director of the Condominium Homeowners Association of B.C., said in an interview.

“The consumer is going to pay those bills.”

Gioventu said the strata-corporations’ tax picture is still a little unclear since the province has not yet brought forward its legislation to harmonize the GST with the provincial sales tax.

His organization is in discussions with the provincial Ministry of Finance and Canada Revenue Agency to find out exactly what the HST will apply to.

He said the added tax burden will vary from condominium complex to complex, depending on how much the governing strata corporations rely on contractors to provide services.

Gioventu said some smaller strata corporations manage their own affairs among the condominium owners, and have few needs for outside services.

Most, however, hire property management firms, and even those companies’ fees will go from being subject only to the GST to being subject to the additional amount of the HST.

“Strata corporations are end users, so they have no input tax credit system or GST rebate at the present time,” said Kevin Thom, executive director of the Strata Property Agents of B.C., an organization that represents about 90 of B.C.’s 289 registered strata property managers.

Thom said bigger complexes, such as highrises with underground parking, elevators, swimming pools and extensive mechanical systems can require a lot of services.

Anybody providing services to strata corporations “would obviously have to increase their fees, including management companies,” he said.

Thom said it is also debatable whether strata corporations would want to press the provincial Ministry of Finance and the Canada Revenue Agency to give them some sort of tax credit or HST exemption to claim back the tax if it means a re-examination of their non-taxable status.

Most condominium owners are unaware of how the HST will hit their fees right now, Thom said, but the picture will become clearer once management firms start giving strata corporations their budgets for next year.

Gioventu said that how much the HST hits condominium owners will also depend on how much service suppliers can accommodate the impact of the tax in their fees.

“The service providers will be the ones that get [HST credits], so will they accommodate those increases in their pricing to offset [the tax]?” Gioventu asked. “That’s the really big question.”

© Copyright (c) The Vancouver Sun

 

Woodward’s redevelopment is finished, owners moving in – Fairmont views for a quarter of the price

Friday, August 21st, 2009

new condo owner: ‘I used to walk down here . . . and I was kind of scared’

Elaine O’Connor
Province

Ying Chao clutches an owner’s manual for the Woodward’s ‘W’ tower. Photograph by: Gerry Kahrmann, the Province

‘Fairmont views for a quarter of the price,’ says Greg Zayardi, marketing project manager. Photograph by: Gerry Kahrmann, the Province

Thursday’s moving-in day at the new Woodward’s ‘W’ tower. Photograph by: Gerry Kahrmann, the Province

Daron Rusjan is rushing to unload furniture and a flat-screen TV from a truck on the streets of the Downtown Eastside.

But the 27-year-old isn’t trying to make a getaway with the goods. He’s anxious to load them into his new, $300,000, one-bedroom Woodward’s condo, as one of the first owners to move in Thursday to the Downtown Eastside’s swankiest new address.

“It’s the nicest place I could find for the price,” said the first-time home-buyer of his seventh-floor suite in the ‘W’ tower, where owners began moving in Wednesday.

“It’s definitely cleaned up a lot,” the currency trader said of the area around the new development.

“I used to walk down here three or four years ago and I was kind of scared.”

But now, he — and the owners of 366 other upscale condos in the first tower to be completed — are part of the neighbourhood.

The ‘W’ tower contains 366 market condo suites. To date, about 80 people have closed on their new units. About four moved in Wednesday and a dozen Thursday.

“By tonight, at least a dozen people should be sleeping here,” said Greg Zayadi, project manager for Rennie Marketing Systems.

The finishing touches are ongoing — the rooftop patio and the 42nd-floor W Club gym and lounge still have to be completed.

The atrium remains unfinished, and the public outdoor space that will eventually hold a basketball court — and tables and chairs made from reclaimed wood — is still covered in building supplies.

The ground floor will house a pub and restaurant and a coffee shop, but it’s empty for now.

But most of the suites are finished.

Behind each door — decorated with one of 10 designs owners can select — are energy-efficient stainless-steel appliances, exposed concrete ceilings, engineered oak floors, sleek, glassed-in showers and glass tiles, steam-powered heating radiators, some free wireless Internet services and, in upper-floor north-facing units, million-dollar views.

“We joke that you get Fairmont views for a quarter of the price,” Zayadi says.

New owners will also get “welcome” gifts of organic cleaning products and ‘W’-branded coffee travel mugs and washcloths in a Downtown Eastside-made pine-beetle wood case, as well as gift cards to local retailers moving in, such as London Drugs and Nesters.

New owner Alex Yun, 32, held his welcome pack as he lingered in the lobby of his new home.

“I bought it as sort of an investment and, hopefully the downtown home values go up,” said Yun, who is moving from Coquitlam to live in his new, 32nd-floor, one-bedroom unit.

“It was the right price. But I’d like to see a little more change to get rid of the drug users and panhandlers.”

Fellow owner Ying Chao, 42, who bought a unit to share with her boyfriend, agreed that she’d like to see more transformation, as she’s considering buying a second unit in the ‘W2’ building.

“I think the building is very good quality and the price was attractive,” she said of her $330,000 unit.

“I see the area changing. It seems cleaner, but I’m still worried a little bit.”

Zayadi says Woodward’s new residents will have to be patient and wait to see the full benefits as the neighbourhood adapts to the new mega-complex and influx of new condo owners.

“This is going to have a huge impact on this neighbourhood, but it’s going to be six to eight months before everything settles in and all the skepticism [about transformation] goes away,” Zayadi said.

“The real impact is not going to be felt until probably 2010, when you have up to 2,000 new people travelling through this neighbourhood to their homes and school.”

© Copyright (c) The Province

Woodwards opens – Long awaited, much-heralded remake of famous department store

Friday, August 21st, 2009

Long-awaited, much-heralded remake of famous department store

Elaine O’Connor
Province

Soaring skyward: The Woodward’s ‘W’ tower. Photograph by: Gerry Kahrmann, The Province

After years of waiting, Woodward’s is finally rolling out the welcome mat.

The first of the Downtown Eastside development’s residents are moving in to the ‘W’ Tower this week, closing out a long chapter in the history of the circa-1903 heritage property.

Houtan Rafii of Westbank Projects, one of the members of the consortium behind the $330-million-plus development, said the first of the condo homeowners in the finished ‘W’ tower took possession of their units Wednesday.

About 30 people a day are now taking possession of their suites and can start to move in furniture.

Back in 2004, when proposals for development were floated, the expectation was that the complex could be completed by late 2006 or 2007.

It’s taken a bit longer than that.

The soft launch has begun, but the grand opening for the entire complex will have to wait.

The remainder of the development’s buildings are being completed in phases, with the second (‘W2’) tower up next. Rafii expects residents of the subsidized units to move in by October’s end.

All the tenants, including the retail clients, should be in by the end of the year, he said.

So when will Woodward’s throw open its doors for its first open house? It could be just in time for the Olympics.

“The date hasn’t been set yet. We’re not going to have an opening party until all the tenants are settled in,” Rafii said, adding that the party would likely be in early 2010, perhaps to coincide with the Winter Games.

“We’re thinking about an open house for the public, or a festival, something that is part celebration, part introduction, to show we are part of the neighbourhood here and the neighbourhood is part of us.”

The transformation of the vacant department store began when the city purchased the lot from the province in 2003.

The new Woodward’s includes 200 social-housing units, along with 536 market-priced units.

The market condos, initially sold in 2006 at prices ranging from $250,000 to $1.4 million, are shared between the W tower, with 330 units, and the Abbott tower.

The 125 units of non-market housing for singles are in a separate building (managed by the Portland Hotel Society) and the 75 subsidized family units (managed by B.C. Housing) are in the lower floors of the Abbott Tower.

All have their own entrances and elevators, so, although the buildings are mixed-use, the residents won’t necessarily mix.

The development — heavily marketed in 2006 as an “intellectual property” with the slogan “Be bold or move to suburbia” — includes four buildings, two towers and a central plaza totalling 980,000 square feet.

On an average day, at least 525 workers were on site building the complex.

The two 42- and 35-storey towers will be grounded by Simon Fraser University’s new School for the Contemporary Arts, which will house gallery and theatre space, a London Drugs store, a grocery store — to mimic the old Woodward’s food floor and be operated by Nesters Market — a TD Canada Trust bank outlet and a city-run daycare.

Tenants like the City of Vancouver, dentists and the National Film Board will take up office space.

Other soon-to-be finalized tenants? A coffee chain (no, not Starbucks), a submarine sandwich shop and a pub and restaurant.

Public amenities include an atrium, rooftop deck space and green plant wall, and a mural by Vancouver artist Stan Douglas.

A new W sign will be set atop the old heritage building this fall and the old W will be displayed in the public space as sculpture.

Federal, municipal and provincial governments have put an estimated $130 million in tax dollars, tax exemptions and benefits into the project.

Costs rose from the initial estimate of $200 million during the build, as the developers contended with higher construction and labour costs during the real-estate boom, some hazardous-waste cleanup costs, higher costs of providing social housing, and redesign and expansions.

The building was designed by architect Gregory Henriquez, known for his social-housing projects, developed by the Woodward’s Redevelopment Group, a consortium of government and private stakeholders, and managed by Westbank Projects and the Peterson Investment Group.

Rafii says the people who have been working on making Woodward’s a reality are eager to see it finished.

“We’re hugely excited. It’s a very complicated project and, when it’s all done, its going to be a landmark in the community, both architecturally and socio-economically.”

© Copyright (c) The Province

 

Monster mega homes return to Surrey – wanted by some, hated by others

Thursday, August 20th, 2009

Kent Spencer
Province

Surrey City Council has been handed a 4,239-name petition seeking much larger houses on larger lots. RIC ERNST — THE PROVINCE

Surrey might be headed back to the monster-house era.

Council has accepted a staff recommendation to sound out the public about increasing the allowable floor area by about 25 per cent across the city.

The recommendation comes from a resident-driven initiative calling for maximum house sizes on 6,028-square-foot lots to jump from 3,550 square feet to 4,550.

“Mega-houses” of up to 6,500 square feet could also be built on “oversized” lots.

“Some negative public reaction of the potential for houses this size is probable,” said planning chief Jean Lamontagne in a report to council shortly before the summer break.

“It is clear the proposed modifications will have city-wide implications on all the 64,500 single-family lots in Surrey,” he said.

Despite council’s decision to proceed with staff’s recommendation, Mayor Dianne Watts said a return to monster homes is “not close at all.”

“We’re asking staff to have a look. We’re exploring this. Council has not made a decision,” Watts said.

“We will make sure the form of the house works into the character of the neighbourhood.”

Watts noted individual home sizes have already been capped in several neighbourhoods at about 2,500 square feet.

The debate was launched last year at the request of a group called the Surrey Ratepayers Association, which presented council with a 4,239-name petition.

The association wants increased house sizes to accommodate extended family members and for larger homes to be permitted on larger lots.

“We’re trying to accommodate real needs for extended families, affordable housing and easy daycare,” said association vice-president Kalvinder Bassi.

“Density should be much higher within the city core. More people should be within easy reach of amenities,” he said.

The association’s proposal was also meant to address 278 stop- work orders issued against homeowners for unauthorized construction during a three-year period. Many of them were in Whalley and Newton.

Bassi said “no one took out permission to fill in sundecks or patios” and, for a period of time, city enforcement was not strict.

“There are lots of safety concerns . . . People need big houses. Why not build them, right?” Bassi said.

If the measure was approved, many of the illegal additions would conform with the new rules.

But Watts said she would not condone illegal construction.

“We can’t have people breaking laws and going against safety issues,” she said.

Opponent Sandra Benz said the proposed changes “could adversely affect many areas of Surrey.”

“There needs to be more public consultation of the long-term benefits of bigger houses,” said Benz, an executive member of the South Westminster Ratepayers Association.

She argued that society is moving towards smaller human footprints, which conserve resources and are more efficient.

“So why are we going in a different direction in Surrey? This has to do with where we want to be as a city,” she said.

Coun. Bob Bose said the proposal is “a return to a position of overbuilt homes.”

“We’ve opened up a can of worms. What is a property for, if it’s covered with a house and no yard is left? The house casts shadows on other people’s gardens and they have no attractive place to live.

“Surrey brought in zoning laws to deal with mega-houses, beginning in 1988. There has been a push-back from people who were affected. I can’t see council retreating,” he said.

Public meetings will be held in five communities beginning in September. Staff will then issue a report with further recommendations.

© Copyright (c) The Province

At Bishop’s, expect quiet perfection

Thursday, August 20th, 2009

John Bishop does not rest on his laurels as one who has defined the way we eat

Joanne Sasvari
Sun

John Bishop and chef Andrea Carlson pose in Bishop’s Restaurant in Vancouver with Milan’s Heirloom Tomato Salad. Photograph by: Steve Bosch, Vancouver Sun

BISHOP’S

Overall: *****

Food: *****

Ambience: ****1/2

Service: *****

Price: $$$$

2183 West Fourth Ave., Vancouver, 604-738-2025, www.bishopsonline.com. Open daily from 5:30 to 11 p.m.

– – –

John Bishop is nothing short of a legend in Vancouver, and not because of those White Spot ads. Or, for that matter, the four books, charity work and public appearances.

Over the past quarter century, he has quietly defined the way we eat and the way we think about food in this city, all from a tiny, 800-square-foot restaurant on a busy stretch of West Fourth Avenue.

Ironically, though, thanks to the culinary revolution he helped start, there are so many fancy new restaurants to visit, it may have been a long time since you actually dropped by the one that started it all.

And that’s too bad, because there has never been a better time to dine at Bishop’s.

All the elements in this elegant little eatery, from owner to service to chef, have come together perfectly, all at a time when the city’s culinary scene has never been more exciting.

“It’s a great time in this city and this province to be in food,” Bishop says.

Bishop, of course, was one of the first local chefs to promote the now nearly universal idea of using local ingredients, back when he opened his restaurant during the recession that had Vancouver in its grip less than a year before Expo ’86.

A soft-spoken Englishman, he’d arrived in Vancouver in the early 1970s planning, like so many others, to stay a year. Then he fell in love with both the city and the woman who would become his wife, decided he might as well stay a while longer, and went off to cook for another local culinary icon, Umberto Menghi.

Since he went out on his own in 1985, countless talented cooks have gone through his own kitchen. But the best fit may just be his current chef, Andrea Carlson, formerly of Sooke Harbour House and Raincity Grill.

“I was instantly taken with her,” he says. “She’s just an amazingly passionate person. She seems very much in that Alice Waters style, only more so.”

Like Waters, the woman often credited with starting the California cuisine movement from her Berkeley restaurant Chez Panisse, Carlson is as much gardener as she is cook.

“She cooks with her palate,” Bishop explains, adding, “There’s a wonderful complexity to her food.”

Still, the question is: After 24 years and countless imitators, not to mention those White Spot ads, how does the city’s original West Coast restaurant hold up? Remarkably well, it turns out.

Bishop’s is an oasis of cool, quiet calm in a city where the noise levels even in fine-dining establishments can be riotous, and the décor almost as jarring. It is still a small, cosy space on two levels, with pale walls, white tablecloths, white orchids and a fine collection of first nations art.

Remarkably, given the economy, most nights are sellouts here. (“Being small helps,” Bishop says lightly.) Part of that is certainly due to the service, which is perfectly, easily, casually attentive without ever being intrusive.

Credit the charming maitre d’ Abel Jacinto for a team that’s so thoughtful that when a guest sneezes, a packet of tissues quietly appears at her elbow. But good service and nice paintings aren’t enough to keep a restaurant full, especially when the entrees are over $30 and so many people are watching their budgets.

The real magic here is happening in the kitchen.

It comes as almost a shock to remember that food can be this good. This is not fussy food, drenched in sauces or molecularized out of recognition. It has a strong background in the classics, with a lively sense of flavours and a strong respect for ingredients.

For instance, an evanescently seasonal zucchini blossom fritter stuffed with ricotta is perfectly crisp and light, arranged prettily atop tender baby beets and grilled sweet Walla Walla onions.

Perfectly seared duck breast arrives on a bed of tiny, savoury spaetzle. Stuffed rabbit loin is nicely paired with nutty, chewy wild rice studded with tiny chanterelles and the surprise of tartly sweet roasted apricots.

The wonderful flavours continue into dessert, whether it’s the richly chocolatey, hot fudge brownie sundae or the crisp, sweet fried fig empanada with brown sugar ice cream.

But the highlight of the evening is when Bishop himself comes over to quietly say hello, as he does with every guest every night that he’s in the city.

“When I’m here,” he says, “that’s where I want to be.”

And most of his guests would agree.

© Copyright (c) The Vancouver Sun

Passion, drive and delicious ingredients

Thursday, August 20th, 2009

The Mandalay Lounge & Steakhouse delivers exotic flavours with a little pampering

Michelle Hopkins
Sun

Owner Allan Yeo (left) and executive chef Pavle Kontou of Mandalay Lounge & Steakhouse on the Steveston waterfront. Photograph by: Steve Bosch, Vancouver Sun

MANDALAY LOUNGE & STEAKHOUSE

140-3900 Bayview St.

Richmond B.C.

V7E 4R7

www.mandalaysteakhouse.com

Reservations: 604-628-2500

Hours: Seven days a week from 11 a.m. to midnight

– – –

On those lazy, dog days of summer, Richmond residents believe nothing beats the charm and quaintness of Steveston’s waterfront.

On a brilliant Sunday afternoon, Dennis, my dining companion, and I head over to the newest waterfront eatery to hit the historic village. The Mandalay Lounge & Steakhouse opened recently after undergoing extensive renovations from the previous eatery. I can tell you there was a lot of hype and speculation surrounding the waterfront boutique-style restaurant.

The executive chef, Pavle Kontou, went for a menu with panache, offering contemporary European cuisine with a dash of Asian fusion.

The end result is an innovative menu with dishes that are sure to please even the most discerning palate. Don’t overlook the eatery’s signature Post Office Artichokes – sinfully delicious little pockets filled with fresh Parmesan and Swiss cheeses and served with a lime Malay cilantro salsa and sweet chili sauce (both sauces made in-house).

For his starter, Dennis went for the Mandalay prawns — garlic rubbed and pan-seared; simple and delicious.

While we sipped on a fine glass of red from my favourite Okanagan winery, Burrowing Owl, we perused the small but well-thought out carte du jour for our entrees.

I enjoyed classic West Coast fare — Ahi tuna drizzled with a wasabi compound butter served with coconut rice.

Dennis opted for one of the several signature steaks offered. Our friendly, yet professional, server recommended the 10-ounce New York strip loin with the South American chimichurri sauce (one of three homemade sauces to choose from). The Angus beef came with oxford garlic mash potatoes and asparagus. He didn’t have to tell me that his meal dinner was simply “divine,” his expression said it.

Kontou’s world gastronomic experience is reflected in the food’s exotic flavours and freshness. His culinary training took him to kitchens all over the world, including Europe, North and South America, all over the Mediterranean and across Canada.

“I tell the staff to let our customers know that it’s not fast food, so it does take a few more minutes for your food to get to the table,” says Kontou.

“But I promise it will be worth the wait.”

Kontou’s philosophy about food is simple: “You have to have passion and drive to create every culinary dish with the freshest ingredients in everything you touch and make … the rest will follow.”

Well, if our dining neighbours were any indications, Kontou was right. Although the eatery had only been in business a couple of weeks, this family of four was on their third visit and raving about the menu and ambience.

One of the owners is Steveston-raised Allan Yeo. The 30-year-old parlayed his extensive travels around the world (where he liberally indulged his passion for food and wine) into the design, décor and menu.

Yeo, along with partners/friends John Lim Hing and Athina Antunes, describe their restaurant as “offering modern Eurasian cuisine in an atmosphere this is at once sophisticated, funky and fun.”

Yeo created a Malaysian-inspired interior with lots of rich dark wood, stunning elephant sculptures, exotic flowers and white linen.

At the end of our meal, we digest the fact that not only does the Mandalay offer mouthwatering fare, it does so with just the right amount of pampering.

If all my friends’ reviews are any indication, the Mandalay should be one of the eateries to head to when you are in Steveston. The Mandalay Lounge & Steakhouse seats 100 inside and 30 on the patio.

© Copyright (c) The Vancouver Sun

Apple iPhones & iPods can explode if placed in direct sunlight

Wednesday, August 19th, 2009

EU launches safety probe of devices after series of reported fires and explosions

BRUNO WATERFIELD
Sun

Several iPods and iPhones have reportedly exploded or caught fire in Europe.

BRUSSELS — Apple iPods and  iPhones which reportedly explode in the summer sun have prompted an investigation by the European Union’s safety watchdogs.

Officials have acted after a series of incidents in Britain, France, Holland and Sweden in which Apple’s digital music players and mobile phones have allegedly spontaneously combusted or detonated. In the latest incident, French teenager Romain Kolega was injured when his girlfriend’s iPhone exploded into shards after beginning to “crackle and pop like a deep-fryer.”

That report followed a British case earlier this month involving an iPod Touch music player belonging to Ellie Stanborough, 11, of Liverpool.

In July, a Dutch man, identified only as Pieter C., claimed he had left his iPhone in a car for 15 minutes only to return and find it had caught fire and severely damaged the passenger seat.

An iPod was also implicated in a Swedish fire this June when a stationary Saab was engulfed in flames, almost incinerating the owner’s dog.

“We have asked Apple to share with us any information they might have because of press reports of problems relating to iPhones and iPods,” said a European Commission official.

The commission has alerted the EU’s 27 member states requesting any details or further incidents involving iPods or iPhones.

“Apple have come back to us and said to us that these are isolated incidents. They don’t consider that there is a general problem,” said the commission official.

Said an Apple spokesman: “We are aware of these reports and we are waiting to receive the units from the customers. Until we have the full details, we don’t have anything further to add.”

Kolega, 18, claimed last week he received a minor eye injury after picking up his girlfriend’s crackling iPhone.

In the British case, Ken Stanborough threw his daughter’s iPod out of the back door of his house when it started hissing and overheating.

“Within 30 seconds there was a pop, a big puff of smoke and it went 10 feet in the air,” he said.

He has claimed Apple offered to refund the $295 Cdn. cost of the device on condition that the family sign a confidentiality agreement.

In July it emerged that Apple had tried to block a freedom of information request on iPod “burn and fire-related incidences.”

The request came from an American journalist for 800 pages of documents from the United States Consumer Product Safety Commission.

Wavefront points the way to big players in wireless world

Wednesday, August 19th, 2009

Non-profit joint venture helps small wireless companies get started

Derrick P
Sun

B.C. Minister of Small Business Iain Black (left) and Wavefront president James Maynard look over some of the technology available to developers at Wavefront’s new Guinness Tower location in Vancouver on Tuesday. Photograph by: Ward Perrin, Vancouver Sun

Until May, Aaron Hilton’s tiny wireless mapping firm, Cellmap, bartered with a wholesale florist for office space.

Cellmap and a partner firm, ConQuer Mobile, built the florist’s website, and in exchange they got a couple of desks to work from to make their own ideas fly.

Since May, Cellmap and ConQuer have got their feet in the door of Wavefront, a non-profit joint venture of industry and government designed as a testing centre and business incubator to help wireless developers get off the ground.

On Tuesday, Hilton was on hand as Wavefront officially opened its business centre in the Guinness Tower on West Hastings Street in downtown Vancouver.

“[Wavefront] is a huge deal,” Hilton said in an interview. “It’s enabled us to grow. We’ve had a team of six people in this office now, and we wouldn’t have been able to afford that.”

Hilton said the mentorship Wavefront president James Maynard has offered “has been invaluable.”

In an interview, Maynard added that providing mentorship to little firms like Hilton’s is a big part of the point of Wavefront, which was formed in 2007 based on a proposal from the Wireless Innovation Network of B.C. to the Premier’s Technology Council.

Based on the council’s recommendation, the province made a $5-million bet on Wavefront. Western Economic Diversification chipped in $1 million, and Wavefront has received financial support form industry sources including the mapping firm Navteq and Bell Canada.

Companies ranging from Ericsson to Nokia have helped provide technology for the centre to run with.

To date, Maynard said B.C.’s wireless technology sector boasts 250 companies employing some 6,000 people, and the hope is that Wavefront will help it expand on a wider scale.

“This is really the coming out of this phase of the expansion of the [wireless] business,” Maynard said in an interview.

One early success saw Wavefront connect seven wireless developers, three of them from Vancouver, with Sierra Wireless. Now they’re selling through the carrier AT& T in the United States.

“That’s the example of what we want to do,” Maynard said, “is to take small companies that are emerging in the wireless space, connect them with platform players like Sierra and then give them that market traction into the big [wireless] operators around the world.”

The centre will run on a fee-for-service basis to the firms that want access to its support. Maynard said the fee system, for services such as network testing, will be more cost-effective for smaller developers than if they had to do it all on their own.

Another unique feature of the Wavefront centre is its library of 300 smart-phone handsets from Apple iPhones and Research in Motion BlackBerrys to Nokia and Ericsson models.

Sue Marek, editor in chief of Fierce Wireless, a daily website devoted to covering the wireless industry, said Wavefront is unique in its combination of technical and business development support for wireless startups.

“I think it’s a really good model,” Marek said in an interview. “You can go and do the testing, as a developer, on your own. Those things exist, but not bringing all these [elements] together like this.”

Marek said she hasn’t toured all the wireless technology clusters in Asia or Europe to make a comprehensive comparison to Wavefront, but “I wish there was something like this in the United States.”

Iain Black, B.C.’s minister of small business, technology and economic development said the province views Wavefront as an opportunity to “not only facilitate but really accelerate the growth of new media and wireless industry in B.C.”

To date, one of Hilton’s successes with Cellmap has been to develop an interactive location application for Canpages.

For now, he views the collection of little startup firms that have gathered at the Wavefront centre as “an amazing brain-power hub that’s just going to knock the socks off of anywhere else in Vancouver.

“This is hot.”

© Copyright (c) The Vancouver Sun

 

Builder survey shows a jump in expected home sales

Tuesday, August 18th, 2009

J.W. Elphinstone
USA Today

NEW YORK — The National Association of Home Builders said Monday its housing market index rose in August to the highest point in more than a year, as homebuyers hurried to take advantage of a federal tax credit before it expires.

The Washington-based trade association said Monday the index rose one point to 18, a level not seen since June 2008.

The federal tax credit that covers 10% of a home price up to $8,000 for first-time buyers is set to expire at the end of November. To qualify, single buyers must earn less than $75,000, for couples the cap is $150,000. The trade group is lobbying Congress to extend the tax credit for another year and to offer it to all buyers, regardless of income.

The reading for current sales conditions was unchanged at 16, while traffic by prospective buyers rose three points to 16. The index for expected sales over the next six months jumped four points to 30, signaling that builders think the worst of the housing slump is over.

Sales of new homes have risen for the past three months in a row, and financial results for homebuilders were also better than expected in the latest quarter.

The report reflects a survey of 474 residential developers nationwide, tracking builders’ perceptions of market conditions. Index readings lower than 50 indicate negative sentiment about the market. The last time it was above 50 was in April 2006.

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