Archive for July, 2008
Waiting for Their Ships to Come In
July 31st, 2008 Categories: Real Estate News, Vancouver Real Estate
Yacht transport companies are looking forward to bigger shipments on the horizon, with the creation of the Can Am Oceanic Yacht Alliance (COYA).
Baila Lazarus recently reported in Business in Vancouver that BC’s yacht building industry used to be a fair size but only a few companies are left. In 2007 Mears, who is the owner and president of North Vancouver’s Pacific Northwest Ship & Cargo Services, imported 233 yachts between 50 and 150 feet in length to BC waters and exported 57. That’s up from 55 imported and 44 exported in 2003.
A typical fee for transporting a 40 foot yacht from La Paz to Vancouver is US$15,000 one way. Mears welcomes the work of COYA and the new support for mega yacht berths in BC because more public-city and marina space means more work for this and other companies. Read the rest of this entry »
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Wordless Wednesdays
July 30th, 2008 Categories: Vancouver Real Estate, Wordless Wednesdays
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Which Mayoral Candidate will be Best for Vancouver?
July 28th, 2008 Categories: Real Estate News, Vancouver Real Estate
Peter Ladner and Gregor Robertson, both successful entrepreneurs, vie to be Vancouver’s next Mayor. Both are Vancouver born.
Peter Ldner was a co-founder of Business in Vancouver and is already an Alderman at Vancouver’s City Hall. Robertson is a co-founder of Happy Planet and they are both cyclists.
Ladner supports creating mobile business licenses so small business owners, such as a Burnaby plumber, would not need to spend time getting registered in every separate municipality. Robertson says he thinks this idea “undermines local governments’ ability to accept their own bylaws”.
Robertson plans to outlaw the ability for Vancouver businesses to provide plastic bags to their customers. Ladner believes paper bags wreck more havoc on the environment and an anti-plastic bag bylaw should cover the whole Lower Mainland. In additon Robertson wants to tax condo owners who leave their properties empty for extended periods instead of renting them out. “The intention is that if a property is effectively being used as a holding and not a residence then t should be taxed like a business”. Ladner opposes this idea and believes it would scare away investors. Of course it would! Read the rest of this entry »
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The Cold Hard Facts About Vancouver’s Coal Harbour Condo Prices
July 27th, 2008 Categories: Coal Harbour, Vancouver Real Estate
What are the cold hard facts about Vancouver’s Coal Harbour condo prices? Up or down?
The average price for Vancouver’s Coal Harbour condos between Jan-Jun 2008 $988,487. 157 sales and an average of 48 days on the market.
For the same period in 2007 the average price was $746,288, 200 sales and an average of 49 days on the market.
For the period July to December 2007, the average price was $903,934, 197 sales and an average of 47 days on the market. Read the rest of this entry »
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Guess Who’s Coming to the River Rock Theatre?
July 26th, 2008 Categories: Vancouver Events, Vancouver Real Estate
It’s one of my favourite Vancouver entertainment venues - the River Rock Theatre - and I’ve enjoyed seeing many stars in this small and personal theatre, mostly the oldie goldies!
Every seat is a good seat at Riverrock. Some of the artists let you boogie on the dance floor.
Coming soon - Chris Isaak (always a sell out, haven’t been able to get tickets yet) Donna Summer…the queen of disco, Stevie Windwood (remember him in the Spencer Davis Group) Boz Scaggs (saw him years ago in The Cave), the Gypsy Kings, Al Green, Petula Clark, Melissa Manchester and many others.
View the listings here
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RBC Predicts Restrained Growth in British Columbia
July 25th, 2008 Categories: Real Estate News, Vancouver Real Estate
B.C.’s economy continues to trend above the national average, although further weakness in its exports is expected to restrain growth to 2.2% in 2008 and 2.9% in 2009, according to a provincial economic outlook released this month by RBC.
“The current decade has proven to be very prosperous for BC as 2007 marks the sixth consecutive year of economic growth above of the national average and we expect this trend to continue right through to 2010,” said Craig Wright, senior vice-president and chief economist, RBC.
However, the challenges facing the province’s exporters are many and do not appear to be letting up, particularly with respect to the rout in the US housing construction sector.” According to the report, wood products are leading five of the top six export categories showing declines so far this year, with only the energy sector garnering a gain. Read the rest of this entry »
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Major Projects in B.C. Continue to Break Records
July 24th, 2008 Categories: Real Estate News, Vancouver Real Estate
Investor confidence remains strong across British Columbia for 19th straight quarter, as major projects continue to break record and show an ongoing high level of investor confidence.
This article was recently published in Business in Vancouver.
The total number of major projects has increased for the 19th consecutive year, as of the end of the first quarter of 2008. The Provincial Governments Major Projects Inventory, which tracks the growth in the number of large scale construction projects in BC, shows the number of total major projects in the province has increased with record breaking numbers again.
For example, activity in the number of projects planned or underway in the Thompson/Okanagan region has increased by 95% since March 2005. 858 major capital projects worth an estimated record $163.2 billion were planned or underway in BC between January and March 2008, which is an increase of 7% in the number of major capital projects and an increase of 31% in estimated value from this time last year, where there were 804 major projects planned or underway with an estimated value of $124.2 billion. Read the rest of this entry »
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Wordless Wednesdays
July 23rd, 2008 Categories: Vancouver Real Estate, Wordless Wednesdays
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Vancouver Property Graphs June 2008
July 22nd, 2008 Categories: Real Estate News, Vancouver Real Estate
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Canadian House Price Increases Poised to Continue Thru Year End
July 21st, 2008 Categories: Real Estate News, Vancouver Real Estate
Royal LePage’s just released House Price Survey is predicting average Canadian home prices will be up 3.5% in 2008, including the Vancouver market.
In Vancouver, a spike in inventory during the second quarter simmered the heat in the long-standing hot market, resulting in single-digit average house prices increases for most areas examined, when compared to this time past year. Despite the increase in listing volumes, buyer’s interest remained strong and it is anticipated that much of the inventory will be absorbed over the next few quarters, leading to low single digit price appreciations through to the year’s end.
Canada’s real estate market is poised to maintain the momentum gained from a solid second quarter through to the end of 2008, with Regina set to experience the greatest rise in house prices. While home prices are expected to appreciate in all but two major markets during the year, activity levels across the country are expected to decline from 2007’s record-setting pace, as pent-up demand is satisfied and some buyers retreat to the sidelines in the face of increasing economic uncertainty, according to a House Price Survey and Market Survey Forecast report released today by Royal LePage Real Estate Services. Read the rest of this entry »
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