Archive for May, 2010

Demand expected to fall as first-time buyers bow out

Thursday, May 20th, 2010

Derrick Penner
Sun

Metro Vancouver real estate sales will drop in 2010 compared to last year and flatten out in 2011 because new buyers who would have been in the market were enticed to buy in 2009, Canada Mortgage and Housing Corp. said Wednesday.

CMHC is forecasting that Metro Vancouver will see 35,000 property sales cleared through the realtor-controlled Multiple Listing Service, a 3.5-per-cent decline from 2009 and will slip another three per cent to 34,000 transactions in 2011.

“Certainly the market recovery we saw over the past year, at least anecdotally, a lot of that seems to have been first-time homebuyers taking advantage of the lower [mortgage] rates combined with lower prices,” Robyn Adamache, a market analyst with CMHC said in an interview.

And with prices rebounding past their previous peaks and with mortgage rates having begun to creep up, Adamache added that it makes sense 2010 and 2011 sales will be dominated by move-up buyers.

On prices, CMHC is forecasting that Metro Vancouver’s average price to top $655,000 in 2010, up 10.6 per cent from 2009. In 2011, however, the federal mortgage insurer estimates price growth will edge up 3.1 per cent to $675,000.

Adamache added that an improving economy, which has shown a steady trend of job growth in recent months, along with anticipated strong population migration, should support steady housing sales.

Nationally, CMHC said tougher mortgage rules, higher borrowing costs and rising inventories will help cool what has been a red-hot market.

CMHC forecast housing resales in 2010 to hit 497,300 units, up by seven per cent from last year, then easing 4.8 per cent to 473,500 in 2011. Sales were up 7.7 per cent to 464,730 last year after plunging 17.1 per cent in 2008.

Bob Dugan, CMHC’s chief economist, said the existing-home market will move toward balanced conditions over the next two years as inventory increases. Figures released Monday by the Canadian Real Estate Association showed April inventories at record levels.

© Copyright (c) The Vancouver Sun

Jade Seafood a gastronomic gem

Thursday, May 20th, 2010

Great food, excellent service keeps award-winning restaurant at the top of the pack

Mia Stainsby
Sun

Jade Seafood Restaurant chef Tony Luk shows off three of his famous dishes. From left: Grandpa’s Smoked Chicken, Mushroom dumplings and Clay Pot Chicken. Photograph by: Ian Smith, PNG, Vancouver Sun

AT A GLANCE

Jade Seafood Restaurant

Where: 8511 Alexandra Road. Richmond,
 604-249-0082
www.jaderestaurant.ca.

Open for breakfast, lunch and dinner, daily.
Overall: 4
Food
: 4

It’s double happiness for me. First, the start of the Chinese Restaurant Awards two years ago became my compass for bushwhacking through the forest of Chinese restaurants in Metro Vancouver.

That’s especially so in Richmond with the highest number of restaurants per capita in the universe. I have no stats to back me but all you need to do is look. There’s nothing but restaurants, block after block after block. They are so well-loved by the populace that you use more fuel circling parking lots than in getting there.

The second source of my delight is the Canada Line, which shrinks my carbon footprint guilt and my time spent in getting to Richmond, although I confess, I sped to Jade Seafood Restaurant in my gas-fed steed.

The restaurant won awards at this year’s Chinese Restaurant Awards for two of their dishes: a gold for the Mushroom Dumplings and a silver for Grandpa’s Smoked Chicken. Last year, it won an award for its Claypot chicken.

It was a good tip. I couldn’t try the Mushroom Dumplings because it’s a dim sum dish (I went in the evening) but I did try Grandpa’s Smoked Chicken. I don’t know who Grandpa is, but his chicken is sure delicious.

The chicken is smoked with stir-fried rice and tea leaves in a wok, then served cold with a ginger green onion sauce; it was so juicy, masterfully balanced and delicately flavoured.

Hot Sour Soup was good but nothing out of the ordinary. Crispy Golden Shrimps, were large prawns which appeared to be deep-fried with a tempura-like batter. But no, the batter is just egg yolk. Large fresh prawns lie in wait inside the crispy coating.

I wondered if the Rice Noodles with Shrimp and Scrambled Eggs would feature the perfect scrambled eggs I’ve had in good Chinese restaurants. I wasn’t disappointed. My omelettes where I beat the egg whites for extra poof aren’t as good as these slightly jiggly, poofy eggs.

The also-noted Claypot Chicken is first marinated, then baked until the skin is crispy before cooked further in the claypot with herbs, green onions and a sauce.

The dishes averaged about $15 and what I tried is but a tiny fraction of the menu. Owner David Chung, a Richmond developer (Dava Developments) loves food and considers the restaurant his hobby.

“Some people spend money on their hobbies. I don’t make much money but I enjoy it like a hobby and spending time here,” he says.

The head chef, Tony Luk, who previously cooked at Grand Honour restaurant, likes to invent dishes, like his lobster or crab with foie gras sauce. “You take off the cover and it smells like foie gras,” Chung says.

“And our dim sum chef is one of the best,” Chung says. “He apprenticed in one of the best places to eat in China.” The various dumplings, he says, all have different wrappers. “Every one has a different recipe, no matter how small the difference.”

There are three levels of set menus, he says. The “family dinner” is $45 for a party of four but they must be finished by 7:30. The next level is called Corner Store Cafe and costs about $25-35 per person. The customized dinner is upwards of $40 per person and gets the most creative work from the kitchen.

Chinese restaurants aren’t always noted for service, which is often perfunctory and quick and efficient.

Here, they go the extra distance, with greetings and welcomes and friendliness even when the place is going nuts with a dinner rush. Servers are suited and dressed to impress.

© Copyright (c) The Vancouver Sun

The rebirth of Chinatown

Thursday, May 20th, 2010

Urban renaissance combines modern sensibility with Asian heritage, in a balancing act that whispers ‘everything is going to be alright’

Doug Ward
Sun

Owner Tannis Ling, a former bartender, helps Patrick Francis as he mixes a Chino Margarita at Bao Bei Chinese Brasserie, a new high-end restaurant in Chinatown. Photograph by: Stuart Davis, PNG, Vancouver Sun

Orville Lim in the Lim Benevolent Society’s building on Carrall Street. Photograph by: Arlen Redekop, PNG, Vancouver Sun

Bob Rennie stands atop his offices and art gallery with his director Wendy Chang. Photograph by: Stuart Davis, PNG, Vancouver Sun

On a Friday night in early May a private party is being held beside a rooftop sculpture garden in the Wing Sang building, the oldest in Chinatown, and now the home of condo marketing wizard Bob Rennie’s new contemporary art gallery and his business operations.

To the 1889 building on Pender Street where Chinese immigrant businessman Yip Sang once lived with his four wives and 23 children, Rennie has invited close friends, art collectors, curators and a few media types, in honour of Richard Jackson, the Los Angeles artist whose conceptual work he has purchased extensively and is exhibiting.

After the party has wound down, Rennie Collection director Wendy Chang gives a mini-tour of the new exhibit. A wander through the gallery leaves the mind boggling at what Yip Sang, who made his fortune as a labour contractor for the CPR, would have made of some of the art now in his former home. There are bears with urinal heads and urinals with bear heads, for example; products of an imagination so wonderfully twisted, it’s as if the visiting neo-Dadaist Jackson absorbed some lingering fumes from the opium produced out back in Market Alley in the late 1800s.

The bizarre bears can be seen as symbolic of the new economic and cultural values giving Chinatown a fashionable buzz after more than two decades of decline.

Chang, a first generation Chinese-Canadian, accompanied her parents as a young girl when they went shopping in Chinatown in the years after they moved here from Taiwan in 1977.

“Growing up Chinese in Vancouver, Chinatown used to be where your parents went,” said Chang.

But in the following decades, Chang spent little time in Chinatown, preferring to get her “Chinese fix” in Richmond or other suburbs.

“But now Chinatown is cool, it’s hip, it’s fun. You don’t go to Chinatown now because it’s the only place to get Chinese goods.

“You go because it’s exciting. It’s a fun place to socialize.”

Predictions of renewal are not new in Chinatown and talk of chic new restaurants or cool new retail on Pender Street shouldn’t obscure the challenges here.

Chinatown will never again be central to Metro Vancouver’s Chinese community the way it was in the late 1800s and for most of the last century.

Chinese-Canadians are now one-third of Metro Vancouver’s population — and they live, work and shop everywhere.

No other urban area in North America has a more integrated Chinese community.

“Go to Los Angeles or San Francisco and you notice a heavy Chinese presence,” said University of B.C. history professor Henry Yu. “But there are great swaths of those cities where Chinese don’t live. But in Vancouver, the Chinese live everywhere.”

Chinatown’s role has been usurped by Chinese malls and stores in Richmond, Coquitlam and southeast Vancouver. The new generation of Chinese-Canadians, especially those who arrived in the 1990s — largely affluent and sophisticated — feel little connection to Chinatown and its down-market milieu. The best Chinese cuisine is no longer found on Main, Pender and Keefer streets.

“Chinatown used to exist by necessity, but times have changed and now we have to plan Chinatown for Vancouver and really for the nation,” said Jessica Chen, a social planner at city hall.

Heritage hang-ups

Another factor behind Chinatown’s inertia is the neighbourhood’s unique land market. Real estate is largely dominated by small 25-foot lots with diffuse ownership. There are 32 designated-heritage buildings, 12 of them owned by 11 Chinese family and clan-based societies whose aging memberships are unwilling to sell and struggling to find the millions of dollars needed to upgrade.

Chinatown‘s laneway proximity to the social problems of the Downtown Eastside has also contributed to its hard-luck status.

Chinatown‘s inertia, however, has an upside. The neighbourhood’s distinctive hybrid of Asian and British Commonwealth balcony-style architecture has survived, untouched by real-estate speculation.

“It’s been a double-edged sword because these heritage buildings have helped conserve the character of Chinatown even as they’ve been a challenge for adopting new uses,” said UBC’s Yu.

He said Chinatown’s historic streetscape is what makes it special.

“Chinatown is still the symbolic heart of our history as a half-Asian, significantly Chinese, city,” said Yu. “We need a place where that kind of mythic meaning is contained.”

Yu said the days when Chinatown had a monopoly on Chinese goods “is never coming back, but what could emerge is a viable commercial concentration tied to, I hope, museums and art galleries.”

This is also the hope of Rennie Collection director Chang, who senses a different pulse in Chinatown these days.

“It’s not about gentrification,” said Chang. “It’s just about having more life on the street and a different mix of people.”

Non-Chinese entrepreneurs may increasingly become players in the neighbourhood. But Chinatown’s Chinese identity — just like many of the original features in the Wing Sang building — will remain, said Chang.

“This building is quite different from a hundred years ago. But really wonderful elements have been retained, like the brick wall. You can keep good aspects of the history and still move forward. This building is alive again.”

So is Chinatown — relatively speaking.

Chang mentions other new arrivals to Chinatown since Rennie opened his Wing Sang redoubt last October.

On Keefer Street, near Main, is the new Bao Bei Chinese Brasserie, a modern Shanghainese-Taiwanese restaurant/bar, owned by Tannis Ling, who established a reputation mixing drinks at Chambar, a restaurant just west of Chinatown.

Bao Bei (which means precious) is perhaps the first quality Chinese restaurant to open in Chinatown in a generation — and it’s been a hit since Day 1 with its mostly young, white, professional clientele.

“I felt it was time for Chinatown to have something like this,” said Ling. “There was a hole in the market here, which was a Chinese restaurant with good food, good drinks and a comfortable atmosphere.”

Rennie’s gallery was one factor that convinced her she wasn’t moving into a “no man’s land.”

“Culture is always moving outward from something that [has been] done to something new, to areas that are not gentrified or too expensive.”

Ling’s chic eatery is almost a template for the Chinatown she hopes will emerge — an almost post-racial neighbourhood that blends its Chinese identity — the heritage buildings, the barbecue pork, the fish, meat and produce stores — with a modern sensibility.

Even Ling’s key staff is multicultural: her chef is half-Japanese and half-French, while her new manager is Taiwanese but raised in Montreal. “I want Bao Bei to be an international place and not just Vancouver or Chinese.”

Ling is loath to apply the word “hipster” to the new Chinatown vibe — “but I guess you could say it’s trendy to be in Chinatown now because of all the places that have opened up here.”

Ling hopes other businesses follow her example. “It would be great to be at the beginning of a trend. Obviously, the bigger it gets, the better I’ll do. At the same time I don’t want the old businesses to be bought up and have a Chapters here or something.

“I like the old-time authentic feeling: The old people doing stuff and everything smelling funny. I love being able to walk down the street and doing all my shopping for my cocktails.”

Rooted in history

The notion that Chinatown has a unique sense of authenticity, something that sets it apart from the other downtown neighbourhoods with rows of residential towers bordered by Starbucks outlets, is what inspired Cam Watt to spend $10 million developing the Keefer, the new boutique hotel-residence down the block from the Bao Bei.

Watt, founder of the Canadian Springs water company, spent $10 million converting the five-storey brick warehouse built in 1907.

The revamp was designed as high-end lofts, but the Great Recession hit, so Watt turned them into exclusive crash-pads, with monthly rental fees of $7,000 to $10,000.

The hotel features giant portraits by Watt’s boyhood friend, author Douglas Coupland, in the lobby and a glass-bottomed pool that functions as the ceiling of the fifth-floor penthouse.

Below, at street level, is the Keefer bar, a cool new boite luring young professionals with tapas, Asian-inspired drinks and subdued lighting.

“I was looking for a building that I would live in myself. I’ve lived in different neighbourhoods and was bored with Yaletown and Coal Harbour,” said Watt. “Chinatown could become the Soho of Vancouver. It’s got the original architecture, the small storefront stores. People are drawn to it.”

Chinatown has been a place that closed up after 5 p.m. for a long time, said Watt.

“Nobody would come here after that. But now with our lounge and the Bao Bei up the road — Chinatown is now an option.”

Adjacent to Rennie’s building on Pender is the new East condo development, with its 22 units, and a street-level eatery called Everything Cafe, run by Sean Heather, who owns several hip restaurants in nearby Gastown.

Joining fashionable furniture outlets like Peking Lounge and Bombast on Pender are Storm Salon, a higher-end hairstyle joint recently arrived from Robson Street; Blim, an arts and crafts retail space, which recently moved from trendy Main Street; and the new Fortune Sound Club, the former home of Ming’s Restaurant, where Jay-Z came to party in March to the beat of the club’s $200,000 sound system.

Fortune Sound Club is owned by Garret Louie and Robert Rizk, aka GMAN and Rizk, two longtime dance club promoters.

Louie loves being based in Chinatown because “it puts us off the beaten track” and away from the Granville Street clubs and their mainstream clientele.

Louie also remembers going to Ming’s with his Chinese family in his younger days.

“I used to eat in the ‘hood back in the day and I’ve seen Chinatown go through its phases. Even looking at photos from the ’60s, Chinatown was like Las Vegas with all the neon,” said Louie.

“These days I see a lot of little things popping off. It’s so close to Main Street and Strathcona, which are becoming really hip areas, too.”

Finding a balance

On the fringe of Chinatown, which needs an injection of new residents, are two new condo developments: Ginger at Main and Keefer, and V6A at Main and Union.

Vancouver city council wants more residential density in the area to shore up local businesses. Earlier this year, council raised maximum building heights on Pender Street to seven storeys and in the southern part of Chinatown from the current nine storeys to 12, with an additional three towers at 15 storeys.

Albert Fok, president of the Chinatown Business Improvement Association, has been a strong advocate for more density, which would provide more customers for his members. His mantra is that Chinatown should not be a museum.

The irony is that many of Chinatown’s more traditional businesses could fall victim to higher rents or more creative newcomers if Chinatown becomes more commercially viable.

UBC’s Yu doesn’t think the new commercial energy in Chinatown means it will become similar to the Washington, D.C., Chinatown, where Chinese culture serves as an exotic backdrop for chain restaurants and nightclubs for white urbanites.

“I would think that there would be too many people horrified at a D.C. outcome. Probably the resistance to it would be as much from non-Chinese as Chinese.”

One of those who would be horrified is architect Joe Wai, who was active in the struggle in the ’70s to prevent a freeway from tearing up Chinatown and Strathcona — and who has been active in the community ever since.

But Wai believes Chinatown needs the “critical mass of cultural tourism” and new retail investment to be sustainable.

“We are no longer the closed-shop, neon-signed, allegedly opium-infested, smoky Chinatown.

“Now you have diverse activity. Businesses like the Peking Lounge, which is run by non-Chinese, and Rennie and his gallery, although he has lots of Chinese employees.”

Social planner Chen favours slow change in Chinatown — a new restaurant or furniture store there, a rehabilitated interior courtyard there — what she calls “urban acupuncture.”

“We should embrace growth and development. But we need to focus on what is precious and what we shouldn’t lose. Chinatown’s unique identity shouldn’t get lost in the shuffle.”

The changes are all good, said Vancouver Coun. Kerry Jang, who recalled that “Chinatown was the centre of my universe as a kid.”

He went to Chinatown on the weekends with his mother, who “had three particular stores she always went to because she knew she could get the specialties from where she was born in China.”

Jang would also visit the heritage building of his extended family’s benevolent association, located above the former Ho Inn Restaurant, which is now the Peking Lounge, a Chinese antique store run by two white guys.

As a teenager, he would go to Ming’s Restaurant because he could order an alcoholic drink without being asked for his ID.

The Chinatown of Jang’s youth slowly faded away after Expo 86 as waves of ethnic Chinese migrants arrived in the region through the ’90s.

“Chinatown could support itself before because people actually lived down here. But that’s not the case any more,” said Jang.

“We need to make Chinatown a destination again. Places like the Bao Bei Restaurant are great because they provide people a reason to come down.”

Holding on to the past

You walk up three long and narrow flights of stairs — 45 steps to be exact — to get to the meeting room of the Lim Sai Hor Kow Mock Benevolent Association in a heritage building fronted by Carrall Street and Shanghai Alley.

Many of the Lim society’s members, now in their 70s and 80s, are finding the steep climb challenging. There’s talk about fundraising for an elevator.

Earlier this month, the society held an 80th anniversary dinner at the Floata Seafood Restaurant for more than 500 people, including members from Toronto, Los Angeles and San Francisco.

Orville Lim, a 57-year-old recently retired property assessor, is the society’s president. He came to Chinatown at age 11 from China. He and his family lived for several months upon arrival in a small Chinatown apartment on Pender Street, above the old Green Door Restaurant, until enough money was raised to cover a down payment on a house near Cambie Street.

These days, Lim is trying to honour his forebears and Chinatown by saving the building that bears his family’s name.

In the back of the top floor are tenement-style rooms used for decades by Chinese migrants who worked on the railways, farms or elsewhere in Western Canada.

The society is one of six Chinatown benevolent societies involved in city-funded studies into how their increasingly dilapidated buildings can be rehabilitated.

The city has provided $100,000 to each society, which in turn have contributed $20,000 apiece to the feasibility studies.

Architects have told the Lim society it will take $1.75 million to restore the building’s original facade and make the necessary structural and seismic upgrades.

Lim said architects found the building has “more than average sway.”

“But don’t worry, it’s not about to fall down,” he told his guests during a tour.

Lim said the society hopes to raise money through donations from members, including from wealthier ones capable of providing large philanthropic contributions.

Lim said “time is really of some essence because many members are very elderly. And the younger generation is not very active.”

The society wants above all to avoid selling the property of their ancestors — as do all of Chinatown’s remaining societies. “It’s sort of like selling an arm or a leg,” said councillor Jang.

Questions about the future of the heritage buildings were raised by Rennie’s purchase of the Wing Sang building.

“There has always been a Chinatown but when the Wing Sang was sold, everybody was kind of in shock,” Jang said.

Over time, the shock has turned into mostly respect for how Rennie kept the building’s structure intact.

Rennie’s move to Pender Street also sparked hope among many Chinatown merchants and family associations that new investment would follow.

Revitalization, however, remains incremental.

The problem is the multimillion-dollar cost of saving heritage buildings with little prospect of a return on investment, said Rennie.

“You have to spend $3 million to get a substandard rent.”

Rennie said he’s “bewildered” by the slow rate of change.

“I don’t know whether the Bao Bei and the Keefer and the Rennie Gallery is what Chinatown’s been wanting,” he said.

“But it’s what they got.”

Embracing the modern

Rennie says that wealthier members of the Chinese family associations should help finance the upgrading of their time-worn buildings.

“I know that there are many society members that can afford this more than me.”

There have been three major real-estate plays involving historic buildings in Chinatown during the last 10 years: Rennie’s purchase of the Wing Sang, Watt’s hotel-residence on Keefer Street and investment manager Milton Wong’s redevelopment of the Chinese Freemasons building at Pender and Carrall.

That two of these three investors are non-Chinese with no roots in Chinatown isn’t lost on Carol Lee, who is spearheading a steering committee of prominent Chinese-Canadians on the future of Chinatown.

“We appreciate the contribution that Cam and Bob have made to the neighbourhood but we need to get more people from the Chinese-Canadian community engaged in Chinatown so they can become part of the solution,” said Lee.

Her committee is exploring ways to finance the upgrade of heritage buildings. “But we also don’t believe Chinatown should be static. We need new developments to make sure it is a vibrant community but one that reflects its cultural heritage.”

Lee, the president of skin-care company Linacare Cosmetherapy and daughter of developer and former UBC chancellor Robert H. Lee, moved her business office into her family’s original Chinatown building on Pender Street to show her commitment to the area.

Rennie says the societies will eventually follow the example set by himself and Watt at the Keefer, and view their buildings as philanthropic legacies.

“It’s a love affair — and we need more people to get addicted.”

Rennie wants the area to become a cultural precinct, anchored by the Sun Yat-sen Gardens, his own gallery and the historic family-based society buildings — with diverse retail and more residents bringing a new vitality to the street.

“I want to keep it diversified. If this turns into a mall, we’re gone,” said Rennie.

Chinatown needs to retain its heritage but embrace contemporary uses, he added.

“I think that’s what Bao Bei restaurant is. I mean Bao Bei is anything but Ming’s.”

And Rennie’s new art gallery — bear-shaped urinals and all — is anything but Yip Sang’s former home.

But the memory of the Chinatown pioneer remains in the building. And this unique blending of the remnant of Vancouver’s earliest years with modern style has generated optimism about Chinatown’s future.

An optimism perhaps best expressed by the 23-metre-long illuminated installation Rennie has permanently perched above his rooftop garden and over historic Pender Street.

The neon slogan that says: “Everything is going to be alright.”

© Copyright (c) The Vancouver Sun

Pace of Canadian home sales falls back in April

Tuesday, May 18th, 2010

John Morrissy
Sun

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.

© Copyright (c) The Vancouver Sun

High Street 2950 King George Boulevard, Surrey at South Point project in south Surrey

Sunday, May 16th, 2010

South Surrey neighbourhood mimics Whistler streetscape

Province

The High Street at South Point project in south Surrey is comprised of eight townhomes and 80 apartments in two four-storey buildings.

The interiors of the High Street at South Point homes have free-flowing floor plans. Shown above, the spacious office area in the three-bedroom show home, and below, the bright living room in the three-bedroom showhome. Photograph by: Les Bazso, PNG, The Province

Photograph by: Les Bazso, PNG, The Province

The living room of the three-bedroom display suite at High Street at South Point has a spacious, open-plan design. The project is surrounded by multiple amenities, including grocery stores and restaurants.

The sales staff at High Street is selling the homes with the assistance of two showhomes. Shown here, the master bedroom, master ensuite and kitchen in the three-bedroom showhome. BHU is the project’s interior designer.

HIGH STREET

WHAT: Eight townhouses and 80 apartments

WHERE: 2950 King George Boulevard, Surrey

DEVELOPER: Grosvenor SIZE: 714-1,394 sq. ft.

PRICE: From $279,900 -$495,900 OPEN: Sales centre 401 2950 King George Highway

Hours: 12 p.m. -5 p.m., Sat –Thur

It was eight years ago when the Grosvenor developer focused its formidable talents on creating South Point Exchange in South Surrey.

The long-term vision was to transform the district into a vibrant mixed-use neighbourhood with a blend of residences, shops and services.

South Point Exchange has now brought much-needed amenities into an area that was largely under-serviced. Major retailers such as Save-On-Foods, Canadian Tire and Staples anchor a massive shopping centre.

The High Street at South Point residential project is like a village within a community within a city. That village has a Whistler-esque streetscape, a village atmosphere and pedestrian-friendly walkways.

Within walking distance is every conceivable amenity: gourmet grocery stores, restaurants, coffee shops, a neighbourhood pub, and shops that sell fresh produce, fine wines, and the latest in home decor and fashion.

High Street consists of 88 suites in two four-storey buildings, and has strong architecture that was created by the award-winning firm of Rositch Hemphill and Associates, which used such materials as brick and Hardie Plank siding, along with such details as moulded cornices and rich wood trim. Lush landscaping complements this esthetic.

Interiors are airy and spacious, with free-flowing floor plans.

Kitchens feature six-piece professional appliance packages, stone countertops and rich wood cabinetry.

The bathrooms have oversized porcelain tile floors, marble countertops and designer tubs.

Downsizing can be a challenge for homeowners — especially when they’ve accumulated considerable in the way of possessions.

With that in mind, the sales team at High Street has compiled the following list to help condo-curious shoppers focus on the positive side of downsizing.

– Low-maintenance living: No yard work; the majority of home maintenance is taken care of by the strata.

– Lock-and-leave sensibility: The opportunity/freedom to come and go as you please (in other words, to travel).

– Perceived safety: Living within a community surrounded by neighbours, interphones, and elevators with electronic key-fob access.

– Single-level living: No more stairs to deal with; makes it easier to get around a home.

– Efficient use of space: The opportunity to take advantage of all the rooms in your home.

– NEW home: Many downsizes have been living in a single-family home for decades and don’t have the new appliances, gourmet kitchens and modern bathrooms that are offered at new communities like High Street.

– Affordability: The opportunity to bank some cash, live mortgage-free and spend money on the things you enjoy.

– Intimacy: Opportunity to reconnect and enjoy time with loved ones.

© Copyright (c) The Province

Claims on ‘betterment’ damage divide insurers

Sunday, May 16th, 2010

Tony Gioventu
Province

Dear Condo Smarts: How are the following terms defined? A) “fixtures” in a strata lot and B) “fixtures built or installed by the owner developer as part of the original construction”?

We are a newer strata (five years old) and most of our units were sold as pre-sales. When people arranged for the pre-sale, they negotiated upgrades. The upgrades included granite countertops, solid wood kitchen cabinets, hardwood floors and marble finishing in the bathrooms.

Our council originally assumed that because these items were negotiated by the purchasers, they would automatically be considered the owner’s responsibility for each series of upgrades. Now we’ve had a water leak, and a claim on the strata insurance for the hardwood floors and kitchen cabinets, from the unit below. The insurance company defined these as “betterments” and declined the claim. The owner’s insurance company says no, they are fixtures as part of the original construction and the strata insurance must cover the cost.

Council has no interest in either position; however, we really have to know where we stand so that we can advise the owners of their liabilities when buying their own insurance. If the fixtures were installed by the developer, how could they be called betterments? We’ve asked to see the sales agreements and betterments or increases for upgrades are not shown on the documents.

— John G., Vancouver

Dear John: Your confusion is absolutely justified. There are no provisions under the Strata Property Act to treat owner developer improvements or upgrades separately from the total construction. In a recent building that I toured where upgrades were offered, 50 per cent of the buyers opted for hardwood floors and granite countertops while the other 50 per cent remained the standard. While there is a significant difference in cost to replace, why would the strata corporation or insurer determine that only the lowest standard is the only option for insurance appraisal and coverage? According to Veronica Franco, a lawyer with Clark Wilson: “As long as the improvements, installed by the owner developer, were part of the original construction, then those improvements should be fixtures that are insured under section 149. The contract of purchase and sale is just evidence that the developer installed them as part of the original construction.

“The problem really is whether the strata corporation/owner can prove that the improvements are part of the original construction. Obviously, if all betterments were insured under the strata corporation’s policy, then this takes care of some of the problems that arise when homeowners do not purchase their own homeowner insurance policy. However, not all betterments are alike. Someone’s betterment may be far more expensive than another owner’s betterment, and could affect the premium in ways not necessarily proportional to unit entitlement. In addition, insuring for betterments would require a lot more work on the part of a strata corporation. The strata corporation would have to make sure it kept track of all the betterments and then advise the appraiser of all the betterments. Any errors in reporting could result in liability to the strata corporation if the betterment is not properly insured. As a result, strata corporations that do not want to take on the extra work or potential liability will leave it to the individual owners to insure their betterments.”

The general practice of the developer in the first year of a new development is to provide the insurer with the costs of construction values to determine the appraisal rate of the building when the units are first conveyed to the owners, but the strata corporation will have to commission appraisals in the future to establish the full replacement value as required by the Strata Property Act. In the first year, it would be prudent to create an inventory of upgrades; however, if owners wish to additionally insure the upgrades on their homeowner insurance, they can guarantee that if a claim does arise, they will be insured for the additional coverage.

Tony Gioventu is executive-director of the Condominium Home Owners’ Association. E-mail tony@choa. bc.ca.

© Copyright (c) The Province

B.C. houses on the move

Sunday, May 16th, 2010

Province

Home sales in B.C. rose 21 per cent to 8,385 units in April from the same month a year earlier, the B.C. Real Estate Association said.

But, on a seasonally adjusted basis, provincial sales fell four per cent between March and April of this year, the association said.

The average house price climbed 15 per cent to $514,820 in April from the same month in 2010.

Sales volumes for the first four months of 2010 soared 73 per cent to $13.5 billion from the same period last year, the association said.

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Olympic legacy goes up for sale

Sunday, May 16th, 2010

Thousands view athletes’ condos after key to village is passed to city

LENA SIN
Province

Thousands of potential buyers and those just curious gather for the official opening of the Olympic Village to the public, as the condos in the complex went up for sale. Jenelle Schneider — PNG

With all that and more, was this a case of deja vu?

Indeed, the public opening of the Olympic Athletes Village on Saturday had all the elements of a mini Winter Games. But more importantly, it was a slick marketing campaign to convince would-be buyers to purchase the remaining luxury condos at the village.

“It’s a big day for Vancouver, we’re really proud of this neighbourhood and I’m feeling really confident there’s going to be vigorous sales and this will be a real landmark for the city,” said an optimistic Vancouver Mayor Gregor Robertson.

Riding on an Olympic afterglow, real-estate marketers attracted thousands of people to the opening of Millennium Water, as the village has been renamed.

An estimated 5,000 people were expected to pass through the display suites on Saturday — a mix of curious locals wanting to see where the Olympic athletes stayed during the Games, along with serious buyers.

Sales are critical for the city-financed $1.16 billion project.

The city was forced to take over the massive project after builder Millennium Development Corp. lost its financing in 2008.

The city loaned the company between $700 million and $750 million to finish the project. Millennium still owes the city an additional $170 million for the purchase of the land, said city manager Penny Ballem.

But the controversy over the funding seemed to be the last thing on taxpayers’ minds Saturday as they gave VANOC CEO John Furlong a rock star’s reception as he returned the village “key” back to the mayor, who in turn passed it to Millennium Development principals Shahram and Peter Malek. The media-shy Malek brothers seemed genuinely pleased at the public unveiling of the village, which received glowing reviews by athletes and the international press during the Games.

“Like every Olympian, we never doubted we’d be standing here at the finish line and, as you stand here with me, just put yourselves in our shoes for a moment and please understand how proud we are to have invited the world to be our house guests,” Peter Malek told a crowd of several hundred.

But buyers will need deep pockets to afford the suites, which boast nine-foot high ceilings, a prime location on the edge of southeast False Creek and bragging rights to one of the greenest communities in the world, with a LEED platinum certification by the U.S. Green Building Council.

Prices range from the high $400,000s for a studio apartment to $10 million for a penthouse suite.

Some 263 condos were sold during pre-sales in 2007 and 474 condos remain for sale.

About half of the remaining suites were released on the market Saturday. Nine display suites were open to the public at noon, each one kitted out in designer furniture.

Marketers emphasized the green features, including green roofs installed on half of the total roof area and a water storage system that harvests storm water to be reused for toilet flushing and irrigation.

Real-estate marketing whiz Bob Rennie has been charged with selling the ritzy condos and was optimistic all the units will be sold in about two years.

“If I told you we were going to to do it in three months, I think everyone would roll their eyes back,” said Rennie.

“We have a two-year plan. I would love to under-promise and overachieve. But I think the two years takes the pressure off, no one’s going to blink, no one’s going to make a silly decision.”

He anticipated buyers would be primarily downsizing baby boomers.

Dixie Billing, 54, of Vancouver, was interested in a 1,100 square-foot penthouse with a price tag of $1.3 million. She considered the home after viewing the display centre just prior to the Olympics, but ended up purchasing in Yaletown instead.

“We got twice as much square footage for the same price and we’re on the waterfront with a 50-foot deck. If you have to look at comparisons, we got much more,” she said.

However, Billing returned to Millennium Water yesterday to look at prospective units for her sister, who lives in L.A. Despite getting a better deal and conceding she was disappointed with the quality for a $1 million-plus home, Billing said the location and amenities were excellent and her sister may still consider purchasing.

Maxim Winther, 22, seized on the opportunity to protest the decision by city council to earmark 20 per cent of the 1,100-unit development for affordable housing, down from an earlier consideration of earmarking a third of the units for affordable housing and another third for social housing.

“We’re here with a message of tragedy. This project was once going to be used as a way to deal with the city’s issues and now it’s just making it worse,” said Winther, who identified himself as a member of the grassroots group Van Act!, which is focused on affordable housing.

Winther was among 300 to 400 people who staged a protest on affordable housing outside Science World yesterday afternoon.

Around 30 protesters broke through the security fence surrounding the Olympic Village complex in an attempt to enter a building where Canadian Olympians were displaying their medals.

Police said no arrests were made.

© Copyright (c) The Province

Nokia brings music to a hearing aid

Saturday, May 15th, 2010

Gillian Shaw
Sun

The LPS-5

PEN E-PL1 portable camera

Cerulean wireless stereo Bluetooth transmitter and receiver

The iRig

1 The LPS-5 lets people connect a Bluetooth-enabled phone or music player to a hearing aid. The loopset fits around your neck, letting you take and make calls or listen to music that is transmitted wirelessly to your hearing aid. It has a vibrating alert and single-button call handling. One hour of charging gives up to 8.5 hours of talk time. The LPS-5 is available by special order through Wireless Wave or Telephone Booth. www.nokia.com PEN E-PL1 camera, Olympus, $ 650

2 Olympus has launched a contest around its new PEN E-PL1 portable camera inviting people to submit their vision of what they would produce with the PEN on a $ 5,000 budget. Contestants submit video proposals to www.youtube.com/getolympus. Twenty semifinalists will be selected in voting by the online community. From the finalists, six winners will be chosen by an Olympus panel of judges and the YouTube community. The six winners will get a PEN, plus the cash to turn their proposals into reality. A small camera, the PEN E-PL1 has one-touch HD video, offers interchangeable lenses and has Live Guide, a feature that lets you see the impact of numerous photographic effects and choose before you take the shot. www.getolympus.com Cerulean TX+ RX, $ 150 US

3 This bundle includes both the Cerulean wireless stereo Bluetooth transmitter and receiver. Certified for use with powered speaker systems, the RX allows the speakers to get audio transmitted wirelessly from a Cerulean TX-equipped device or from Bluetooth on the iPad, iPhone, iPod or computer. The Cerulean line also includes the RX wireless Bluetooth receiver as a stand-alone at $ 40 and the F1 stereo Bluetooth headset as a stand-alone device for $ 100. There’s also a F1+ TX bundle that sells for $ 150. www.iskin.com Amplitude iRig, IK, $ 40 US

4 Who needs a band when you can plug your guitar into your iPhone to jam? The iRig combines an instrument interface adapter that you plug into your iPhone, iPod Touch or iPad with free downloadable AmpliTube software. Plug in your headphones and it gives the user an entire guitar/ bass rig with three simultaneous stompbox effects, amplifier, cabinet and microphone. It includes a tuner and metronome. www.amplitube.com/irig

© Copyright (c) The Vancouver Sun

Why I lined up to tour Vancouver’s first laneway home

Saturday, May 15th, 2010

McGill Street addition a demonstration of how to accommodate population growth and preserve neighbourhood character

Bob Ransford
Sun

After the lineup, visitors to the home toured an interior that suggests modest – as in modest addition to a property – does not necessarily mean small, as in cramped.

Photographer Glenn Baglo visited the home on the Friday before the open house and returned to the newsroom with portraits of property owner Manuela Mendoza

Aand his contractor, Bryn Davidson of Lanefab Design, left below, outside Vancouver’s first laneway residence

It was four years ago when I first wrote in this space about the kind of housing needed in Vancouver to tackle the afford-ability challenge.

I highlighted some conclusions from a study that Canada Mortgage and Housing Corporation commissioned to look at the potential to create a new form of housing that would achieve land-use efficiency by building small infill homes in the rear of lots in existing neighbourhoods of detached homes.

The study estimated that about 50,000 of these new homes could be built in the city without re-designing, re-engineering or dramatically altering the character of existing neighbourhoods.

Last Sunday afternoon, people lined up for hours on the sidewalk along an entire block in an eastside Vancouver neighbourhood. They were there to get a glimpse of what the neighbourhoods of Vancouver’s future might look like.

On display and open for public tours was the first laneway house built under a new city policy adopted last year — the first of its kind in North America -that allows backyard cottages on about 94 per cent, or roughly 60,000, of the city’s single-family lots.

The 710-square-foot, two-bedroom modern style two-storey mini-home is located facing the lane at the back of an existing single family house at the corner of McGill and Slocan streets. You can look at photos and plans of the house at www.lanefab.com

While waiting in line, I overheard the conversations of the curious who were exiting the home after their short tour or patiently waiting a half-hour or more to walk through the small cottage-like home. I didn’t hear a word of griping or the same fearful utterances that I heard a few years ago during the EcoDensity debate when the subject of laneway housing was first talked about.

In fact, most people were proclaiming their pleasant surprise at how the home felt bigger than it actually was and how unobtrusive it looked situated at the back of a standard 33-foot lot. Many were slowly pacing out the footprint of the house, inspecting the narrow separation between the house and the neighbouring lot and clearly figuring out how such a home would fit on their own lot.

This reaction was a far cry from the fearmongering that dogged the laneway housing debate when it arose the during the furore over EcoDensity.

The Dunbar Residents’ Association invited me last year to debate the laneway housing issue with lawyer and former city councillor Jonathan Baker and Dunbar planning activist Jane Ingman-Baker. The room was packed with westside residents who were at best skeptical of the laneway housing idea that I was there to defend.

I stood my ground in the face of a polite crowd that cheered on the two Bakers who proclaimed the arrival of Armageddon with the approval of laneway housing.

Only one resident in the audience was brave enough to stand up and explain that this form of housing would likely provide him with the option of remaining in the neighbourhood now that his singe family home was too large to maintain.

One woman told me that she would passionately fight any attempt to build a laneway house on her block — a block where the lot configuration and placement of existing houses would likely only allow one lot to accommodate a laneway house. She was extremely concerned about the potential of adding one more car to the seven or eight that travel her lane daily.

The questions and fears about laneway houses are going to be answered and proved unfounded soon, as more of the small houses will be built and are there for people to see their real impact.

The city has issued more than 30 laneway housing permits. Many of these houses are currently under construction. Another 34 laneway housing applications are currently in the process at City Hall.

Of the permits issued, 15 are for laneway houses being added to sites with an existing main house. Another 18 approved permits are for houses being developed alongside new main houses — representing about five per cent of all permits for new main houses being built in Vancouver.

The majority of the approved laneway houses are on 33-foot to 40-foot wide lots. That means most of the homes are very modest in size, with around 550 square feet of living space and most have only one bedroom.

All the homes will be occupied by family members of the owner of the lot or rented. The policy does not allow a strata sub-division to permit selling the laneway houses separately.

This is the future of Vancouver.

This type of housing is one that will preserve neighbourhood character and increase housing choice, accommodating population growth.

Bob Ransford is a public affairs consultant with COUNTERPOINT Communications Inc. He is a former real estate developer who specializes in urban land use issues. E-mail: [email protected]

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