Tents – Setting Up A Future

Through micro-enterprise, the Vancouver Downtown Eastside Street Market is creating opportunities for individuals to live with purpose, participate in their communities, and earn income in a meaningful way to combat the cycle of poverty.

This micro-documentary hopes to shed light and awareness into an area the National Post calls “Vancouver’s ‘gulag’. Headlines like “Canada’s poorest neighbourhood refuses to get better despite $1M a day in social spending” continue to dominate the narrative and further isolate, perpetuating the stimga of the Downtown Eastside.

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Economic Drivers of Real Estate in Vancouver – DELOITTE

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Real estate market overview and current challenges

October, 2016
Stepping into 2017

Come join me as we learn from Jennifer Podmore-Russell of Deloitte, and her take on where is Vancouver’s real estate marketing heading as we step into 2017. This presentation brought to us courtesy of Wealthminds!

Click here for the full presentation.

I’ve also highlighted below some notable changes in our market which may affect you! Give us a call at (604) 629-7515 or fill out the form below if you’d like to learn more.

Changes in the market – BC’s Foreign Buyer Property Transfer Tax

On July 25, 2016, the BC government introduced legislative changes directed at BC’s residential housing market. The key changes include the introduction of an additional 15% property transfer tax (PTT), effective August 2, 2016, on transfers of residential properties within the Greater Vancouver Regional District (GVRD) to foreign entities or taxable trustees

Government Responses – Preventative Measures for a “Healthy, Competitive and Stable Housing Market”

Legislation release on October 3, 2016 included a “Mortgage rate stress test” for all insured borrowers and closing loopholes for the Principal Residence Exemption.

Beaten to the Shadow Punch

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Stop… in the name housing affordability and supply!!

I seem to have a lot of Christy Clark showing up in my blog feed these days. Today’s announcement, is that the province aims to implement rules that require the Seller’s consent for any assignment plus any profits made from assignments returned to the home-owner.  The announcement comes one day after NDP Leader John Horgan introduced two bills in the legislature in response to so-called shadow flipping and empty homes.

So what do you think? Is this likely to succeed? Will it in fact have any affect on the real issue which is housing affordability and supply?

Province to address “shadow flipping” abuse in real estate transactions

Premier Christy Clark has announced British Columbia is taking further action on realtor conduct, conflict of interest and housing affordability.

In the coming weeks, government will put new rules in place to prevent the potentially predatory practice of real estate contract assignment ─ so-called “shadow flipping.”

Government looks forward to the Real Estate Council’s independent advisory group recommendations on licensee conduct and potential conflict of interest, such as dual agency representation where one licensee acts for both the seller and buyer in a transaction.

Finance Minister Michael de Jong and Deputy Premier Rich Coleman will meet with Vancouver Mayor Gregor Robertson to discuss collaborative steps governments can take to further improve affordability in Vancouver.

Read the Premier’s full Press Release here

Want to learn more?:

Metro Vancouver home buyers set a record pace in February

Last month was the highest selling February on record for the Metro Vancouver housing market.

Residential property sales in the region totalled 4,172 in February 2016, an increase of 36.3 per cent from the 3,061 sales recorded in February 2015 and an increase of 65.6 per cent compared to January 2016 when 2,519 home sales occurred.

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Last month’s sales were 56.3 per cent above the 10-year sales average for the month and ranks as the highest February sales total on record.

“We’re in a competitive, fast-moving market cycle that favours home sellers,” Darcy McLeod, REBGV president said. “Sustained home buyer competition is keeping upward pressure on home prices across the region.”

New listings for detached, attached and apartment properties in Metro Vancouver totalled 5,812 in February 2016. This represents an increase of 7.1 per cent compared to the 5,425 units listed in February 2015 and a 30.8 per cent increase compared to January 2016 when 4,442 properties were listed.

“We’re beginning to see home listings increase as we head toward the spring market, however, additional supply is still needed to meet today’s demand,” McLeod said.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 7,299, a 38.7 per cent decline compared to February 2015 (11,898) and a 10 per cent increase compared to January 2016 (6,635).

The sales-to-active listings ratio for February 2016 is 57.2 per cent. This is indicative of a seller’s market.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark, while home prices often experience upward pressure when it reaches the 20 to 22 per cent range in a particular community for a sustained period of time.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $795,500. This represents a 22.2 per cent increase compared to February 2015.

Sales of detached properties in February 2016 reached 1,778, an increase of 37.2 per cent from the 1,296 detached sales recorded in February 2015. The benchmark price for detached properties increased 27 per cent from February 2015 to $1,305,600.

Sales of apartment properties reached 1,790 in February 2016, an increase of 43.9 per cent compared to the 1,244 sales in February 2015.The benchmark price of an apartment property increased 17.7 per cent from February 2015 to $454,600.

Attached property sales in February 2016 totalled 604, an increase of 15.9 per cent compared to the 521 sales in February 2015. The benchmark price of an attached unit increased 17 per cent from February 2015 to $569,600.

Poems of Reflection – Book Launch with 100 Success – March 2nd

The anticipation is building! We’ve come such a long way & it’s amazing to see how not just the volunteers, but the 100 Success community itself has come together to pitch in for Brian. #AllHandsOnDeck #BuildingACommunity

Brian’s book launch is just around the corner, please come and join us March 2nd at 6pm, 431 Princess Ave.

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Just a bit of background, some of you may know I’ve been working with 100 Success, a group of individuals who want to lend their support to the Downtown Eastside community by providing mentorship and encouragement for individuals who have completed recovery (Climbers) to connect their business ideas and social projects to advisers (Sherpas) and to potential clients.

Come join us this coming Wednesday for a glimpse into what we’ve been doing!

 

 

 

BC’s New PTT (Property Transfer Tax)

The new rules on BC’s Property Transfer Tax have been released with the potential to save up to $13,000 for some, and rate increases for others. The goal of the province’s 2016 budget to help put home ownership within the reach of more people, but you can weigh in – does BC’s New PTT achieve its stated goals?

Highlights

  • Exemption for buyers of new homes that priced at up to $750,000;
  • PTT increase to 3% from 2% for properties valued at more than $2 million;
  • Requirement that property buyers self-report their nationality when they register their property.

Let’s go back and recognize the PTT as a major source of BC’s revenue, Vancouver accounting for nearly one-quarter of the government’s $1.15-billion windfall from B.C.’s property transfer tax in the past fiscal year.

The property transfer tax was introduced in 1987 as a “luxury tax,” however thresholds have not changed since then, meaning it has turned into a revenue generator for the province.

New social-housing project opens in Vancouver

Rich Coleman, minister of natural gas development and housing, tours the Budzey Building, a newly completed structure providing 147 apartments for women or women with kids who are homeless or at risk of homelessness, in Vancouver on Thursday. Photograph by: NICK PROCAYLO , PNG

Rich Coleman, minister of natural gas development and housing, tours the Budzey Building, a newly completed structure providing 147 apartments for women or women with kids who are homeless or at risk of homelessness, in Vancouver on Thursday.
Photograph by: NICK PROCAYLO , PNG

Minister Rich Coleman tours the Budzey Building, near Oppenheimer Park

Reblogged from STEPHANIE IP | POSTMEDIA NEWS

VANCOUVER — Women and children first is the key to the province’s latest social-housing project, the success of which will hopefully draw more federal support for other projects in B.C.

On Thursday, minister Rich Coleman toured the Budzey Building, near Oppenheimer Park in Vancouver’s Downtown Eastside. The building provides long-term permanent housing for women (including transgender and cisgender) and women-led families.

The Budzey was opened in July 2015 and was gradually tenanted throughout the fall. Only just recently did the building finally reach capacity.

According to Amelia Ridgeway, an associate director at RainCity Housing, the organization partnered with B.C. Housing to interview prospective tenants, ensuring that the residents being moved into the Budzey are from the surrounding community. As well, there was a focus on women who had been longtimetenants at nearby SROs (single-room occupancy) facilities.

Read 354 more words here

Just Sold! 3493 David

We have just sold one of the best SOUTH view HOMES on Burke Mountain. If you missed this great opportunity – email me below to find out about other similar homes in your neighbourhood that are coming up for sale! Find the Full Listing information here.

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Place for your family and more.

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Stunning VIEWS. Master bedroom retreats with spa-inspired Ensuites. Built by MOSAIC.

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Upgraded appliances, a master-planned community to be complete with play space, green space and shopping village. Massive kitchen islands, spacious laundry rooms, double-door ensuite bathrooms, walk-out backyards, mud rooms for gear, window lounges, closet space to spare. No CARPET AT ALL. Located in Quite side of David Ave.

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Storytime for Babies, Man on the Moon and Parent’s Night Out

Hopefully all you fellow mommies have already discovered this, but seeing as how I only learned about this a couple weeks ago, perhaps it is not as common knowledge as it probably should be?

Storytime for Babies

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Rhymes, songs, bounces, fingerplays and stories for parents and caregivers with their babies.

This amazing FREE program provided by the Vancouver Public Library is a 1/2 hour of sing-a-longs, tickle games, squealing babies and crawling shenanigans. There is a story time Every Single Day in the libraries all around Vancouver. Just show up, no need to prepare, know the rhymes or prepare ahead of time.

I don’t know about you, but I honestly don’t remember many nursery rhymes. I guess it’s the combination of being a first time mom, and not having any nieces or nephews nearby. Youtube-ing “Nursery Rhymes” or “Games for Babies” is really not that exciting. The only determining factor for us in whether to go out for storytime or not was if Finn was awake or asleep by the time storytime rolled around.

Check out the VPL events calendar for storytime around you!

Here’s a guide to some Storytime categories:

Age Groups

Babytime – Recommended for newborns to approximately 18 months.

Toddler Storytime – For ages 18 months to 3 years.

Family Storytime – Suitable for children of all ages and abilities to enjoy and learn together.

Special Events

Chinese Storytime – Storytime in Mandarin and Cantonese! Super fun with a great age range of children, so beware it’s a rowdier bunch than normal Babytime! The program runs 5 weeks in Mandarin, then 5 weeks in Cantonese.

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Man on the Moon – It’s Storytime for Dads (and other male caregivers) only! Designed to encourage stoic men-folk to let out their rhyming cooing babytalk in public, Dads get an entire hour of baby bonding fun. Registration is encouraged.

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Parents’ Night Out – This one is a little hilarious to me, parents’ night out is not a hang loose, have a beer type evening. Rather it’s about crafting and learning about new ways to support your child’s learning at home. In any case, it sounds like a great time to meet other parents and chit chat, which is all a night out really needs to be!

So have fun, enjoy your public library, and go get your baby a library card (no late fees for the little ones!).

Mother’s Day Edition & Movies for Mommies

A special Mother's Day message and the first Family edition of our newsletter from the Theresa & Daniel Team!

Happy Mother’s Day to all the Mother’s, Grandmother’s and especially new and expecting first time mommies!

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~~Two days ago~~

Theresa: Mother’s Day is coming up, we should send a message to my mom since she’s travelling right now and we won’t get to do our normal Mother’s Day brunch.

Daniel: That’s a good idea, we should also do something special here.

Theresa: You mean do something special and send a photo to her??

Daniel: No I mean for ourselves…here…

Theresa: I don’t understand, none of our Mother’s are here, in town.

Daniel: I mean for You…since you’re a Mother…

Theresa: Oh…OH!!! I’m a mother now! Mother’s Day is about me!!

~~~~~

What a wonderful reminder by my dear partner about the changes in our lives, joy of everything first time and the significance of this day which takes on a new meaning for us as a new family. Cheers!

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Movies for Mommies

This month we’ve discovered Movies for Mommies! What a treat to have somewhere to go with the little one where no one is going to mind if your baby screams his head off, or you need to whip out the nursing / feeding supplies.

Movies for Mommies is a revelation – lowered / equalized volume in the movie theatre so the little guy’s ears are not traumatized, dimmer lighting for snoozeability, and mostly just the comfort of knowing I can go out and be somewhere in public and not be considered a disturbance or in the way. (Also there are apparently giveaways at some events, where better to advertise and find a captive audience of a very specific demographic!)

So let me know if you’re planning on indulging for an afternoon and I’ll come with you! Check out the showtimes below.

Movies for Mommies – The Original Parent & Baby Film Event

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http://www.moviesformommies.com/

MFM is an afternoon of decadence for you  to enjoy in a baby friendly way. What does that mean? All our films run with reduced sound levels, loud enough to hear, but soft enough to protect sensitive little ears. If it’s your first time taking your little film critic to see a movie, here is some info to make you’re outing awesome.

  1. Arrive a few minutes early so you have time to receive your membership card, and all your free samples
  2. Don’t be shy!  If you don’t have a friend to go with, lots of moms come with their babies and meet other new moms at the show
  3. Dad’s & Grandparents are people too! MFM welcomes all parents, grandparents, friends and caregivers.
  4. Splurge – that theatre popcorn is SO good, treat yourself. Enjoy the show!

Stars and Strollers – Cineplex.com

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https://www.cineplex.com/Theatres/StarsAndStrollers

THE PERFECT PLAY DATE FOR YOU & YOUR BABY

Choice of two new movies every week*
A baby friendly environment
Lowered volume and dimmed lighting
Change table
Stroller Parking Available in select theatres
Now enjoy $2.00 OFF General Admission for all Stars and Strollers performances**