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The weather is looking sunny for the next coming weeks, which means PATIO SEASON is BACK!!


Here's some of our favourite Yaletown patios: 


The Parlour

Address: 1011 Hamilton St, Vancouver

Website: https://theparlourrestaurants.com/


Enjoy their handcrafted pizzas and have a nice cocktail on their chill patio.


Image Source: The Parlour Restaurants

Banter Room

Address: 1039 Mainland St, Vancouver

Website: https://www.banterroom.com/


Banter Room offers one of the most lively patios in Yaletown, with their extensive Happy Hour menu from 2-5PM everyday!


Image Source: Banter Room

Yaletown Brewing Co.

Address: 1111 Mainland St, Vancouver

Website: http://www.mjg.ca/yaletown/


If you're a beer lover, then you must know about Yaletown Brewing Co. Enjoy different beers, ales, IPAs... with their rotating taps. They're also open until late everyday!


Image Source: Yaletown Brewing Co.


Brix & Mortar

Address: 1138 Homer St & 1137 Hamilton St (Second entrance)

Website: https://www.brixandmortar.ca/


Feeling classy? Then don't miss out on this unique patio experience at Brix & Mortar, along with their wide variety of wines to choose from.They also have 30% off bottles of wine on Monday (<$100)!


Image Source: Brix & Mortar

Ancora

Address: 1600 Howe St, Vancouver

Website: https://www.ancoradining.com/


Enjoy fresh seafood made with a Japanese-Peruvian twist, and amazing cocktails on their waterfront patio overlooking Granville Island.


Image Source: Ancora

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In the recent years, there has been a lot of talk about how Surrey is growing rapidly, and will soon have a larger population than the City of Vancouver!


According to recent statistics, the largest city in British Columbia is still Vancouver with approximately 672,963 followed by Surrey with 569,065 who is just ahead of Burnaby at 248,476. Surrey is also projected to introduce over 185,000 new jobs, and 400,00 new residents, along with their neighbour, Langley. 


Here's some reasons why Surrey is going to surpass Vancouver as the largest city in BC, and why you should (maybe) move there:


Skytrain Extension

Translink's new Surrey-Langley Skytrain Project (An extension of the Expo Line) stretches a total of 16km. The line is set to extend from Surrey's King George Station along the Fraser Highway and ending on 203 Street in Langley. 


With the new skytrain extension, it'll significantly reduce commute times for residents of Surrey & Langley, making those cities much more desirable places to live! 


Image Source: Translink


Major Residential Development

Surrey is undergoing major development in terms of residential buildings. From townhomes to sky-high condos, there's tons of new homes being built. Some current pre-sales include: Centra, The Holland, One Central, Townsend, and more! 


Image Source: VancouverPresales.com


Family Friendly

The Surrey School District has the largest student enrolment in BC, and is continuing to grow. It currently has 101 elementary schools, 20 secondary schools, 4 learning centres, and 3 adult education centres. Simon Fraser University (SFU) also has a Surrey campus, located right near Surrey Central Skytrain station.



Image Source: Surrey Schools


What do you think about Surrey? Would you make the move there? Let us know!


Resources:

https://surreylangleyskytrain.ca/

https://dailyhive.com/vancouver/georgetown-surrey-bc-largest-city

https://vancouverpresales.com/property-location/surrey/

https://www.surreyschools.ca/K-12Schools/AlphabeticalSchoolList/Pages/default.aspx



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Mother's Day is coming up this Sunday, so we wanted to show you a few Yaletown restaurants that you should visit!


Homer Street Café

Address: 898 Homer St, Vancouver, BC V6B 2W5


This classic comfort food restaurant is serving up a Mother's Day brunch special: Butter poached halibut, poached hen’s egg, hollandaise, grilled asparagus, and pickled fennel.



Wildtale Yaletown

Address: 1079 Mainland St, Vancouver, BC V6B 5P9


Wildtale is serving up a special Mother's Day lunch only at the Yaletown location! If you're a seafood fan, this is a must-try!


Provence Marinaside

Address: 1177 Marinaside Cres, Vancouver, BC V6Z 2Y3


This waterfront spot never fails to dissapoint with their extensive brunch, lunch, and dinner menu! 

Minami

Address: 1118 Mainland St, Vancouver, BC V6B 2T9


This popular Japanese eatery (Known for their Aburi) is offering a Mother's Day dinner. The entreé is a Free Range Chicken Ballotine & Pan Seared Scallops, paired with a Kiku Cocktail, and ending off with a Manjari Chocolate Paris Brest for dessert.


Hope you found this helpful, and always feel free to message us for recommendations in Yaletown!

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Spring has been upon us for a while now, with Summer approaching in about a month, maybe it's time to finally start on that Spring cleaning you promised yourself! 


We are here to provide you with some of our TOP TIPS when it comes to cleaning your home, and making sure it stays clean.


Declutter

Before you even think about cleaning your home, you should start off by de-cluterring. Throwing out things that no longer spark joy (as Marie Kondo says) can cut down the time you need to spend cleaning. So throw out those clothes sitting in the back of your closet, and that box of old junk in your garage! 

Have a Plan

Now that you've decluttered your home, it's (almost) time to start cleaning. Before you get started, make a plan of how you're going to go about cleaning. Focus on one room at a time, and start/finish in the same area to make sure that you've cleaned every single corner of the room. Also, be sure to prioritize certain rooms/areas that you need to clean right away, and others that can wait another day. Once you've established a plan, and get into the routine, it'll make cleaning extremely fast and easy!

Keep Your Cleaning Supplies in Their Appropriate Spots

Storing your toilet cleaner under the kitchen sink, or your stovetop cleaner in your bedroom closet will only waste time, and discourage you from cleaning because you don't know where anything is. So, always keep the appropriate cleaning tools in the appropriate rooms to ensure maximum efficiency!

Establish A Daily Cleaning Routine

Now, cleaning everyday may sound scary, but just listen first. Doing some light cleaning everyday for ~15-20 minutes can cut down on the time and effort needed to do deep cleans. It can be as simple as scrubbing the toilet, wiping down some counters, or making sure your clothes are in the closet (and not all over the floor). 

Blast the Music & Have Fun

Now, we all know cleaning sucks, but it's also inevitable, so might as well make the most of it! Turn on your favourite playlist, put on your favourite pair of sweats and enjoy the time you spend cleaning rather than dreading it!

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There has been talk of a new ski resort project planned just North of Squamish on Brohm Ridge. Currently, the project is named Garibaldi at Squamish (GAS), but is yet to be renamed. 


"One Main Village is proposed, with hotels, restaurants and commercial spaces that will serve visitors and residents alike. Our priority is to ensure the needs of local families and businesses are considered during the design process"

- Rod MacLeod, Vice President Planning (GAS)

This $3.5 billion project recently released their master plan, which includes details regarding many environmental and economic issues that citizens may have. This project is set to promote long-term economic growth in Squamish, by creating 4029 new jobs for local citizens in the area. With this project in place, it'll accumulate tax revenues, and year-round tourism that further contribute to Squamish's economy. GAS will also be the only ski resort in British Columbia that attains an Enviromental Assessment Certificate to be one of the most environmentally-friendly resort. 


As of right now, the project still requires consultation from the District of Squamish on extending their jurisdictional boundaries, and also the provincial government's Mountain Resorts Branch to approve the use of public land for this project. This agreement stage is expected to last until 2020, which is then followed by preliminary planning/designs until 2022, and finally complete by 2025. 

A Resort Like Whistler?

The resort size is expected to be somewhere in the middle of North Shore ski hills, and Whistler Blackcomb, but at a much more affordable price than Whistler. They wish to achieve 1635 acres of skiable terrain, 131 trails, 21 lifts, 17,538 visitor capacity, and around 22,000 beds for accomodation by the year 2040. They wish to keep 80% of the land dedicated to green-space, leaving them undisturbed, or transformed into natural trails. 


As stated, they are currently still in the negotiation/discussion stage, where they really need the voices of BC residents heard. You can voice your opinion on this new project on their website by filling out their survey. 


Resources:

https://dailyhive.com/vancouver/garibaldi-at-squamish-ski-resort-february-2019-project-update

https://www.garibaldiatsquamish.ca/

https://www.vancouverisawesome.com/2019/02/12/ski-resort-garibaldi-squamish-five-years/

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The Canadian Federal government just announced their new Federal budget incentive that could help first-time homebuyers with their mortgage. This new incentive is to try to help the housing affordability crisis in many cities in Canada, such as Vancouver and Toronto. 


Home-buyers are still required to have at least 5% down payment for the home, but they would have a 10% incentive provided by the Canada Mortgage and Housing Corporation (CMHC) if it's a new home, or 5% if it's a resale. 


Homeowners need to pay back the incentive from the CMHC, most likely when they decide to sell their home or sooner if desired. Details on repayment are still unclear.


Here's an example from Global News in regards to how the First-Time Home Buyer Incentive would work on a price of $400,000:


Let's hope that this new incentive can help provide first-time home buyers with some relief.


Resources:

https://globalnews.ca/news/5069183/budget-2019-canada-housing-affordability/

https://nationalpost.com/news/canada/federal-budget-2019-offers-first-time-home-buyers-a-break-with-1-25-billion-in-mortgage-relief

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Spring is finally here, which means more and more open houses are here!

If you're thinking of selling your home, or currently have your home up for sale, here's a few tips to help you prep your home for open houses to make sure that it's in its best state possible to get you the best deal possible!

First Impressions are Important!

People always say, "you don't get a second chance to make a first impression", which is also true when it comes to your home! So make sure that your home gives off the best first impression yet by stepping outside, and making sure that everything looks good. This includes your exterior paint, windows, front lawn, drive way, side walks... and more. Make people want to come into your home just by looking at the outside!

De-clutter

Get rid of that pile of old CD's in the corner that you don't listen to anymore, or that weird antique clock you've always hated. Throw out anything that you don't use or want anymore, to make your house appear more spacious, and make the focus on your house, and not your belongings. Less is more!


Clean, clean, clean!

Make sure that your house is sparkling when it's time for the open house, or any showings. While most cleaning up can be done yourself, however, deep cleans may require a professional. Carpet cleaners, window cleaners... are all professionals that can help you deep clean things that you can't on your own. Feel free to contact us if you're having trouble looking for a cleaning professional, we know tons!

Staging

Now, staging is something that you can do on your own if you have nice, clean furniture. But, it could be something that you may consider hiring a staging professional for. Staging professionals have all sorts of furniture and equipment to make sure that your home looks nice, clean, and modern. They also know how to arrange furniture to ensure your house looks the best.


Remove Personal or Valuable Items

During an open house, you want the focus to be on your HOUSE, not your fancy, personal belongings. You want them to be able to envision themselves living there, with their family, and their things, so remove any sentimental items to show them that this can be their home! Also, there's a lot of traffic during open houses, so make sure to keep your valuables hidden or removed to prevent any unfortunate situations.

Bright Light

Make sure to open all your blinds, lights, windows... during an open house. Brightness makes people happy! No one wants to live in a dark, scary home!



Hope some of these tips were helpful, and that you are well-prepped for your open house. 

If you're looking to buy or sell, CONTACT US TODAY to see how we can help you embark on your journey!

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When it comes to real estate, there's A LOT of jargon in the industry. It can be quite overwhelming during your real-estate journey when you encounter all these unfamiliar words, which is why we're here to tell you the differences between all these types of property ownership. In Canada, there are 4 common types of property ownership which include:

  • Freehold
  • Leasehold
  • Strata 
  • Co-Op

Freeholds

Freeholds are the most common type of property ownership, and also the most popular. It's the regular: You buy the house, so you own the building and the land it's sitting on. Most people prefer to buy freehold properties because there's less restrictions on what you can do (except for city bylaws, permit limitations...). You are the owner, so you are allowed to do any sort of renovations, changes to your property as you please, without having to receive approval from an authority. Detached single-standing homes are commonly sold as freeholds.

 

Leaseholds

Leaseholds are quite different from Freeholds in that you own the building, but not the land that it's sitting on. The land is leased by someone from a developer/builder. The lease is for a specific period of time, and will expire after that period. The lease term is usually around 99 years. After the lease is up, there are several different ways that it could go:
  • They could renogotiate terms to extend the lease for another period of time
  • The land could be reclaimed for redevelopment (The developer would pay out all the owners of the Leasehold)
 
There are quite a few Leaseholds in Vancouver, such as:
  • UBC Endowment Lands
  • SFU
  • False Creek 
  • Certain parts of Vancouver's West End
  • Indigenous Land
While Leaseholds may scare some people off, there are actually still quite a lot of benefits to owning a Leasehold. Since you don't actually own the land, Leaseholds generally are cheaper than freeholds or other types of property ownership. This means if you're looking to buy, but have a lower budget, Leaseholds may be the way to go. However, having said that, they usually do require a larger down payment of ~20% rather than the minimum of 5%.

Strata

Strata properties are also extremely common in Vancouver. Most attached homes (i.e. condos, townhouses) are strata properties. When you own a Strata property, you own your individual strata lot, and together with other owners own the common property/assets as a strata corporation (i.e. parking, ameneties, roof...).
You are in charge of the maintenance of your individual unit, but charged a monthly strata fee for the upkeep of the common properties. The strata fees are proportionate to the size of your strata lot, so the bigger your unit, the more fees you have to pay.


Stratas also have rules and bylaws that owners have to abide by. These rules/bylaws are set in place by the Strata council, which consists of owners that are elected by all the owners in the strata. They host strata council meetings to discuss renovations, finances, complaints, and more. These strata council meetings have minutes that are accessible by all owners in the strata, even if they're not part of the council.

Co-Ops

When you buy a co-op, you become a shareholder in the corporation that owns that property, and have exclusive use of a unit in that property. Other than that aspect, co-ops are quite similar to Stratas in how they're run. Living in a co-op means you have to abide by certain rules/bylaws, share costs of the upkeep of the property... and more.


Co-ops can be more restrictive in their selection process. While other property ownerships cannot reject someone based on their gender, age..., co-ops can. There are often age restrictions, or women/men-only co-ops out there. There may also be an interview process to get permitted to the co-op, which some people actual prefer so they know the people that are their neighbours 


When you purchase a co-op, you don't take out a traditional mortgage. You require a different type of financing called a share loan. It's similar to a mortgage, but the only difference is that you share in the co-op is the loan's collateral, not the actual property. Contact a Mortgage Specialist for more detail.


Hope you found all this information about the different types of property ownerships helpful, and cleared up some questions you may have had. This is just a brief overview of all the different types of property ownerships out there. If you want to know more, please visit the websites below for more information, or get in contact with us.


If you're still confused, feel free to CONTACT US to ask more questions!


If you're ready to START YOUR REAL-ESTATE JOURNEY, CONTACT USto find out how we can help!


Resources:

https://economictimes.indiatimes.com/definition/freehold-property

https://www.rew.ca/news/thinking-of-buying-a-leasehold-property-read-this-first-1.22111234

https://www2.gov.bc.ca/gov/content/housing-tenancy/strata-housing

https://www.chf.bc.ca/find-co-op/

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The BC government's Speculation and Vacancy Tax is finally here. This tax is part of the BC government's plan to ensure that housing is affordable for all citizens of British Columbia.

Goals of the Tax

Their main goal with this new tax is to:

  • Turn empty houses into affordable housing for BC residents
  • Raise revenue that will go towards creating more affordable housing 
  • Foreign/domestic investors who own residences in BC, but don't live in them

Exemptions

The government estimates that 99% or more British Columbians will be exempt from the tax; however, you must register in order to be qualified for exemption.

In mid-late February, keep an eye out for a letter from the provincial government with instructions on how to claim your exemption. The application (can be done online or through telephone) must be completed by March 31, 2019 in order to qualify for exemption. An application must be done by each owner of the house.

What Happens if You're Not Exempt?

If your home is left vacant for 6-months or longer since December 31, 2018, you will NOT be exempt from the Speculation and Vacancy Tax in 2019. You must pay the tax by July 2, 2019.

Tax Rates:

For properties owned on December 31, 2018, the tax rate is the same for everyone:

  • 0.5% of the assessed value of your residential property on July 1, 2018 (BC owners are eligible for a tax credit of up to $2000 on secondary properties)

For 2019 and onwards, the tax rate will vary:

  • 2% for foreign owners and satellite families (People who declare 50% or less of their income on Canadian income tax return)
  • 0.5% for British Columbians and other Canadian citizens or permanent residents who are not members of a satellite family

So, don't forget to declare your exemption from the Speculation and Vacancy Tax! 


Resources:

https://www2.gov.bc.ca/gov/content/taxes/property-taxes/speculation-and-vacancy-tax

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Vancouverites are seeing more and more of these unique looking container homes all around the city. These 207-1,380 square foot containers are being transformed into homes, offices, and other spaces. Containers provided by companies like, Container West Manufacturing are renovated with HVAC systems, solar capabilities, and other modern funishings to transform them into beautiful container homes. 


This simple concept can be the perfect solution to affordable housing in Vancouver, because all buyers need to do is puchase the container, lay down the foundation, and ensure there's proper access to water, sewage, and electricity. With these container houses, home owners have the creative freedom to customize the build, and design of the entire home from scratch, ensuring that it fits the ideals of their ultimate dream home!

Container homes could be the next big trend for Vancouver in 2019. What do you think about them? Will you live in a container home, or are they not your cup of tea? 


Resources:

https://www.straight.com/life/868906/vancouvers-dwindling-housing-market-converted-shipping-containers-may-tick-all-right

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The 2019 Consumer Electronics Show (CES) has just finished in Las Vegas again this year. We wanted to share some of our favourite innovative, new, (and weird) home gadgets with you!


 1. Kohler’s Numi 2.0 Intelligent Toilet

Ever get bored on the toilet? Well, this toilet is about to change that! This intelligent toilet features music, toilet seat heating, and you can even control it using an app on your phone!

Credit: Kohler

2. LG’s Rollable OLED TV

Bigger is always better right? This TV offers three different viewing options to allow for the perfect movie time, or tucked away when you’re not using it.  

Credit: LG

3. Smart Mirror

AI is all the buzz this year, and can be found anywhere, even on your MIRROR! This smart mirror connects to Google Home, so that you can check your emails while doing your hair.

Credit: Capstone Connected Home

4. Mookkie Cat Bowl

Got a cat at home? This face-scanning cat bowl only opens when your cat’s face is scanned, so you can protect their food from being stolen by your neighbour’s hungry cat!

Credit: Volta A.I.


These were some of our favourites, what were yours? Will you be incorporating any of these funky new gadgets in your home?  


Sources:

https://www.theverge.com/2019/1/6/18170575/kohler-konnect-bathroom-smart-gadgets-numi-intelligent-toilet-ces-2019

https://www.cbc.ca/news/technology/ces-trade-show-1.4968256

https://www.digitaltrends.com/home/capston-google-enabled-smart-mirror-changes-how-you-get-ready/

https://www.thesun.co.uk/tech/8144284/ces-2019-reveals-your-home-2030/

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The Covenant House in Vancouver was established on September 22, 1997 to provide shelter, food, immediate crisis care, and an array of other services to homeless and runaway youth. The help that the organization has provided in the last 20 years made positive changes in our community. Their principles and goals aim at providing immediate help for struggling youth, making the place a safe haven, building strong relationships, creating foundation for a positive future, and fostering confidence for the young people to make informed decisions.

The current Covenant House building is located at 575 Drake Street and a new building across the street that is set to be finished in spring 2019. We were able to attend their open house and found out what great things will be happening in the near future. The new building will have 10 floors for 75 male and female youth. In addition, the building will have amenities such as a gym and fitness center, art room, classrooms, lounge, and library. Not only are they creating a space for youth to sleep but also a place to make friends and nurture their talents and passion which will allow them to become positive members of society. As for the current building, it will also be redeveloped with 5 floors, including a health clinic, to provide a short-term stay for youth, with 2 floors being drop-in. As youth become committed to transition into a new life, they will move to the new building. While aiming to help the homeless youth, the Covenant House has also vouched to be a responsible organization for the rest of the community as well with their “Good Neighbour Agreement”, which addresses neighbourhood concerns in regards to security and safety.

As a proud member and long-time resident of Yaletown, Aleya Bhaloo has volunteered to sleep outside, once again, to raise awareness for homeless youth on February 28th, 2019. It takes $4,000 to take one youth off the street for the ENTIRE year to provide them with proper basic needs alongside with mental health and counselling. We are excited to be participating in such a meaningful event and hope you will pledge for Aleya.

Homelessness has many faces. It can look like a young person sleeping in a doorway or other times it might be someone asking you to spare some change. Often it shows itself as a shared glance from a broken soul. Regardless of how we are reminded of the need, a common feeling often resonates: what can I do to help make this better? Here is your chance to make a difference!


Click HERE to donate, every little bit helps.

More information about the Vancouver Covenant House can be found HERE.

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Throughout the year, we’ve seen quite a lot of beautiful homes and how homeowners decide to decorate them. We also did some research on what was popular this year and compiled a list of our 10 favourites.


1. Bold Typography

Have your favourite or an inspirational quote hang in your home to give you that boost you need to achieve your personal goals. Minimalistic yet meaningful.


2. Creative Ceilings

Most commonly in bedrooms, adding a ceiling wallpaper or painting it with an accent colour definitely adds personality and brightens up the room. The first thing you open your eyes to kick-start your day or something pleasant to fall asleep to.


3. Black & White

A timeless design that gives contrast, balance and boldness to your home. In addition, we think that adding black and white marble to your home will give a clean and luxurious vibe.


4. Velvet Furnishings

Velvet was once seen as old fashion and tacky is now viewed as luxurious and funky. Its multidimensional look adds depth to your home. We love the subtle shine on velvet fabric in the light.


5. Ultra Violet

Chosen as Pantone’s colour of the year for 2018, this soft purple has been popular for accent pieces or as the main colour scheme.


6. Mixed Metals

Rose gold, silver, and copper have been on the rise. However, the trend for 2018 has been to mix these metals with chrome for a unique and stylish look.


7. Botanicals

Add some green to your home. Pairs perfectly with homes with large windows and lots of natural sunlight.


8. Smart Tech

Adding smart technology to your home makes life a little bit more convenient. Could be light bulbs, speakers, locks, etc. 


9. Two Tone Kitchen Cabinets

By incorporating bleached wood with a vibrant paint colour, you can liven up the kitchen area. You can also match it with the colour of your kitchenware as well.


10. Warm Colours
We also loved the idea of adding warm colours such as earthy brown hues, yellows, and beige. It makes your place softer and more inviting. 
 


Looking forward to what’s to come in 2019. New year, new trends, and new ways to make your dream home come true.

Let us know if you are ready to find your dream home!



Source(s):


Photos

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Seattle or “Emerald City” is currently the home to the headquarters of big tech companies such as Microsoft, Amazon, Tableau, Zillow, Big Fish Games, and many more. All of them concentrated within Seattle, Redmond, and Bellevue. 


Cost of living in Seattle is significantly lower than San Francisco and Silicon Valley. The median home cost carries the biggest factor in difference with Seattle being $761,800, while $1,331,100 in San Francisco. Additionally, with information provided from thebestplaces.net, it highlights that it is 54% more expensive to live in San Francisco. Despite Seattle’s median annual tech income being $15,000 less than those working in Silicon Valley, it is safe to say that higher income may not offset this imbalance in cost of living.  For young and freshly graduated tech talents, these could be deciding factors when they choose where to start their career in. As a result, startups are more likely to head in the direction of where these prospective employees will be. 


In our opinion, we think that Seattle has great potential in becoming the next “Silicon Valley” with all the benefits and incentives for tech talents. We believe that the tech scene is under development with immense opportunities for growth. Along with the headquarters of Microsoft, Amazon, etc., Seattle is also the home to office branches of Facebook, Google, Adobe, and other tech companies.


What are your thoughts? Let us know.


We have an exciting VIP presale opportunity in Seattle, sign up for our mailing list to find out more!

https://goo.gl/forms/VbzKVcbmYrk7Noof2



Source(s):

https://www.infographicsarchive.com/tech-and-gadgets/seattle-the-next-silicon-valley/

https://thenextweb.com/contributors/2018/05/25/observations-of-seattle-and-silicon-valleys-startup-scenes/

https://www.bestplaces.net/cost-of-living/seattle-wa/san-francisco-ca/115000

https://www.cnbc.com/2017/03/17/silicon-valley-tech-talent-fleeing-to-seattle.html

https://www.bbc.com/news/av/technology-26117077/is-seattle-the-next-silicon-valley

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The streets of downtown Vancouver have been the homes of breath-taking glass buildings for many years. However, earlier this week the Vancouver City Council approval the proposal of rezoning for Landa Global Properties and Asia Standrad Americas to redevelop 1469 Alberni Street. It will be the new home of two connected residential towers with 48 and 43 storeys. These buildings will be the world’s tallest passive-house buildings yet. Currently, the Bolueta twin towers development houses in Bilboa, Spain are the tallest, being 28 and 31 storeys.


There will be a grand total of 443 homes within the two towers, including 314 market strata units and 129 market rental units, which is a replacement of the existing number of rental homes on the site. Currently, the land is occupied by apartments and office towers built in the 1970s.


For those who don’t know, passive-house buildings are “voluntary standard for energy efficiency in a building, which reduces the building's ecological footprint. It results in ultra-low energy buildings that require little energy for space heating or cooling”. It is projected that a “superior building envelope, insulation, and a design that optimizes solar gain and shade will reduce the amount of energy required to heat and cool the towers by nearly 90%”. With these plans,the goal of the Vancouver city council’s zero emission building plan to eradicate greenhouse gas emissions in all new construction by 2030 could be successful.


The design of the buildings by New-York based Roberty AM Stern Architects and local firm MCM Partnership will resemble those in New York City and specified as “a throwback of the Formalist style, of the early-20thcentury” as stated in the application. The addition of these architectural designs will add diversity and uniqueness to downtown Vancouver, which is currently dominated by glass style buildings. The project is designed by New York-based Robert AM Stern Architects, with local firm MCM Partnership acting as the architect of record.


Similar to the current style of the Fairmont Hotel in Vancouver

Similar to the Fairmont Hotel in Vancouver


What are your thoughts on these New York style condos being built in Vancouver? Do you prefer aesthetic glass or the eco-friendly alternative?

We’re so excited to see how downtown Vancouver will change with all these developments going on. Let us know if you would like more details!



Source(s):


http://dailyhive.com/vancouver/1400-alberni-street-landa-global-properties-passive-house-vancouver

http://dailyhive.com/vancouver/1468-alberni-street-vancouver-towers-renderings

http://www.vancouversun.com/business/Vancouver+hotel+market+heats+American+visitors+return/11258723/story.html

https://www.cbc.ca/news/canada/british-columbia/worlds-tallest-passive-house-towers-vancouver-1.4317222

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We’ve recently had the pleasure of co-hosting an event with Corinne Schlinder of the Royal Bank of Canada (RBC). We had Julie Taylor, also from RBC, as the guest speaker. It began with a 30-minute session of networking with food and beverages. We were so pleased to meet women of various professions and ages. After brief introductions, Julie began to talk about the “Seven Financial Missteps for Women to Avoid”. So many thought-provoking and stimulating questions and personal experiences were shared!



Rather than just a presentation style event, we kept the floor open for discussion the entire time. Different people will ask different questions, that’s what we love about allowing questions to be asked at any time and we definitely encouraged everyone to do so. Sometimes we learn more based on the unique questions that pop up during the conversation!



When we planned this event, we envisioned a room full of hopeful women of all ages motivated to take control of their finances. We were so thrilled and satisfied with how this event turned out. Connect with us on Facebook or Instagram for more events like this, we hope to see you at our next one!


Food was prepared by Lavish Catering, such a lovely presentation.


Check out this fun read, lots of good information on working women in Canada:

https://www150.statcan.gc.ca/n1/pub/89-503-x/2015001/article/14694-eng.htm

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Vancouver’s Oakridge Centre opened its doors in 1959 and has been named one of the most profitable malls in Canada of 2017, earning $1579 of sales per square foot. It ranks second behind Toronto’s Yorkdale Shopping Centre and infront of Downtown Vancouver’s Pacific Centre. Over the past few years, there have been many talks about the redevelopment in this area. Redevelopment in the Oakridge area was finalized in the Cambie Corridor Plan, where the city of Vancouver plans to make the it the biggest growth area outside of Downtown.


Henrique Partners Architects, QuadReal Property Group, Westbank Development, and Wonderwall, a Tokyo-based interior design firm has come together to bring the redevelopment ideas to life. The innovative design is set to have 4.5 million square foot hub of retail, residential, office, parks and civic space. The ambitious group has proposed 10 towers of different heights up to 44 storeys and three mid-rise buildings. The “new” Oakridge will become the home for 6,000 residents and expected to be completed in late 2025.



We’re so excited for what’s to come in this area. With that being said, check out our Ash Street Listings below! They’re part of the Cambie Corridor Phase 3 Plan, just a walking distance from the future largest civic center outside of Downtown Vancouver. These properties are set for land assembly, with the proposal of 3 storey townhouses. 


6768 & 6788 Ash Street

Ashstreetassembly.ca

http://realestatechannel.ca/78775

http://realestatechannel.ca/78776


6889 & 6909 Ash Street

Ashstreet.ca

http://realestatechannel.ca/78777

http://realestatechannel.ca/78778


Call us if you have any questions about the redevelopment in the Oakridge area and any inquiries on the properties for sale.

Aleya Bhaloo 604-209-4504

Tyrone Robinson 778-863-7973


Source(s):

https://vancouver.ca/home-property-development/oakridge-redevelopment.aspx

https://development.vancouver.ca/650w41st/index.htm

https://www.trendhunter.com/trends/westbankoakridgehubvancouver

http://nuvomagazine.com/design/vancouvers-oakridge-mall-reimagined

http://dailyhive.com/toronto/top-malls-canada-sales-report-january-2018

https://vancouver.ca/home-property-development/cambie-corridor-plan.aspx


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In addition to the expansion of the foreign buyers’ tax, the announcement of the 2018 BC Budget Plan also introduced a new tax.

 

Speculation Tax:

The tax is designed to capture foreign and domestic speculators, satellite families who live in B.C. but do not pay their share of income taxes, as well as homeowners who hold vacant property in designated urban centers.”

 

The speculation tax proposed by the government aims to save the housing market from becoming a stock market and to protect local residents. Since the announcement, there have been several changes but here’s what you need to know:

 

-       Tax applies to Metro Vancouver Regional District, Kelowna-West Kelowna, Nanaimo-Lantzville, Abbotsford, Chilliwack, and Mission. Most islands are excluded. (Details visit HERE)

-       Exemptions:

  • Primary residences of British Columbians
  • Properties that are used as qualifying long-term rentals (at least three months)

-       Tax Rate:

  • 2018 --> 0.5% of assessed property value
  • 2019 and onwards:
    • 2% for foreign investors and satellite families
    • 1% for Canadian citizens and permanent residents who do not reside in BC
    • 0.5% for British Columbians who are Canadian citizens or permanent residents

Source(s): 

https://www2.gov.bc.ca/assets/gov/taxes/property-taxes/publications/is-2018-001-speculation-tax.pdf

 

http://vancouversun.com/news/politics/b-c-budget-2018-how-the-budget-will-affect-british-columbians

 

https://www.bdo.ca/en-ca/insights/tax/tax-alerts/british-columbia-speculation-tax/

 

http://vancouversun.com/news/local-news/b-c-speculation-tax-heres-what-you-need-to-know

 

 

 

 

 

 

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Celebrate Victoria Day and the long weekend (May 19-21) with some of my recommendations:  


Take a look at Yaletown’s Engine 374

This free community event celebrates Canada’s 150th anniversary and marks the 130th anniversary of Engine 374 arriving in B.C. (It’s free!)

Location: Roundhouse Mews, 181 Roundhouse Mews

Date & Time: May 21, 12PM – 3PM

 

While you’re at it, also check out:

Vancouver Comic Arts Festival

It includes comics programming, comic creators from home and abroad, and art lessons for kids.

Location: Roundhouse Community Centre, 181 Roundhouse Mews

Date & Time: May 20 and May 21, 10AM – 5PM

 

Take advantage of the weather and head down to Lonsdale Quay (30 minutes from Yaletown)

Shipyards Night Market

Food, art, music, entertainment and shopping. Take a look at local items from artisans and makers, live music featuring talent from around B.C., a beer garden pouring local craft beer and 35 food trucks serving locally made food.

Location: East of the Seabus and the Lonsdale Quay at the foot of Lonsdale Avenue, North Van

Date & Time: Friday nights, 5PM – 10PM

 


Image Source:

http://roundhouse.ca/facilities-rentals/room-information/turntable-plaza/

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The original foreign buyers tax was brought into effect on August 2nd, 2016. It was introduced by the B.C government to impose a 15% tax on foreign buyers purchasing Metro Vancouver properties. The aim for the tax was to alleviate the housing affordability crisis by driving prices up for foreign buyers to decrease demand and speculation. With Vancouver was once again placing third for being the least affordable city in the world (for the sixth consecutive year), behind Hong Kong and Sydney. Reports have stated that the prices of housing in Vancouver did cool down slightly after the original foreign buyers’ tax, but did not prove to be a permanent solution.

 

However, changes to the foreign buyers’ tax was made on February 21st, 2018. It is now 20% and includes areas outside of Metro Vancouver: Fraser Valley, Okanagan, Kamloops, Greater Victoria and Nanaimo Regional District. Justification for the expansion of for the tax is so that speculation is not passed onto bordering markets.

 

Source(s)

https://www.ctvnews.ca/business/expansion-of-b-c-foreign-buyers-tax-to-okanagan-vancouver-island-is-questioned-1.3815515

 

http://bcbudget.gov.bc.ca/2018/default.htm

 

http://business.financialpost.com/real-estate/b-c-unveils-housing-plan-that-raises-foreign-buyers-levy-and-taxes-speculators

 

 

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