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I have listed a new property at 10 5957 152 ST in Surrey.
Panorama Station at Sullivan Station! Private backyard from kitchen to a fully fenced yard! 3-bedroom/2.5 bathroom townhome has a bright floor plan with quartz counter tops, and stainless steel appliances. Two-piece washroom on the main floor is very convenient for guests, entry from the eating area leads to your private patio and backyard area perfect for families and BBQs. 2 car garage with extra storage space as well. Master bedroom has en-suite bathroom and lots of closet space. Insuite laundry. Electric fireplace. Great complex with amenity center featuring fitness centre, clubhouse, yoga studio, media room & outdoor playground. This townhouse features a double tandem, two car garage with storage and there is a visitors' parking area. Steps to schools, parks, shopping etc!
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Please visit our Open House at 10 5957 152 ST in Surrey.
Open House on Saturday, December 7, 2019 2:00PM - 3:30PM
Panorama Station at Sullivan Station! Private backyard from kitchen to a fully fenced yard! 3-bedroom/2.5 bathroom townhome has a bright floor plan with quartz counter tops, and stainless steel appliances. Two-piece washroom on the main floor is very convenient for guests, entry from the eating area leads to your private patio and backyard area perfect for families and BBQs. 2 car garage with extra storage space as well. Master bedroom has en-suite bathroom and lots of closet space. Insuite laundry. Electric fireplace. Great complex with amenity center featuring fitness centre, clubhouse, yoga studio, media room & outdoor playground. This townhouse features a double tandem, two car garage with storage and there is a visitors' parking area. Steps to schools, parks, shopping etc!
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Please visit our Open House at 10 5957 152 ST in Surrey.
Open House on Sunday, December 8, 2019 2:00PM - 3:30PM
Panorama Station at Sullivan Station! Private backyard from kitchen to a fully fenced yard! 3-bedroom/2.5 bathroom townhome has a bright floor plan with quartz counter tops, and stainless steel appliances. Two-piece washroom on the main floor is very convenient for guests, entry from the eating area leads to your private patio and backyard area perfect for families and BBQs. 2 car garage with extra storage space as well. Master bedroom has en-suite bathroom and lots of closet space. Insuite laundry. Electric fireplace. Great complex with amenity center featuring fitness centre, clubhouse, yoga studio, media room & outdoor playground. This townhouse features a double tandem, two car garage with storage and there is a visitors' parking area. Steps to schools, parks, shopping etc!
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Story image for vanre money laundering from CityNews Vancouver

Federal NDP announces plan for specialized RCMP unit to ...

CityNews Vancouver-Sep. 25, 2019
VANCOUVER (NEWS 1130) – The federal NDP says the party has a plan to tackle money laundering in British Columbia and elsewhere in ...
Story image for vanre money laundering from CityNews Vancouver

Over $7 billion laundered in BC last year: report

CityNews Vancouver-May 9, 2019
Overall, they found money laundering in Canada totalled $48 billion last year. .... us a long time to get Ottawa's attention on this” #bcpoli #vanre.
Story image for vanre money laundering from HuffPost Canada

Vancouver Houses Are For Sale At Huge Discounts, All ...

HuffPost Canada-Apr. 15, 2019
Vancouver's epic housing meltdown has made news around the world, and with sales down by 31.6 per cent over the past year, people listing ...
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BC launches money laundering reviews into real estate, horse ...

Globalnews.ca-Sep. 27, 2018
The B.C. government is launching new, twin reviews into money laundering in the province. The reviews come in the wake of a critical report on ...
 
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Greater Vancouver home sales hit lowest point since 1986 ...

Globalnews.ca-Apr. 1, 2019
A local realtor and real estate blogger has crunched the numbers and he says Greater Vancouver home sales just had their worst month of ...
Story image for vanre money laundering from Vancouver Sun

Five examples of Metro Vancouver homeowners losing big in ...

Vancouver Sun-Feb. 6, 2019
Interestingly, the money on this place was made by the previous owner ... 2017 Assessed: $3,627,900#vanre pic.twitter.com/mSaSEzoHYK.
Story image for vanre money laundering from ThinkPol

BC gaming industry says it's ready for money laundering ...

ThinkPol-Jun. 5, 2018
Recently BC Attorney General David Eby announced it was time to crack down on money laundering in gaming and fancy car markets, and he ...
Story image for vanre money laundering from Globalnews.ca

Alleged partnership of Canadian casino company with ...

Globalnews.ca-Jul. 24, 2018
German concluded casinos “unwittingly” allowed organized crime to launder money. And German called River Rock Casino the “epi-centre” of ...
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Drake says he was banned from a Vancouver casino, and the ...

Toronto Life-Nov. 5, 2018
... was targeted because of British Columbia's new anti-money-laundering ... #vanre pre-sale condo assignments for a better time #parq #drake.
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Ontario Loses Over 5000 Real Estate Jobs, BC Hits New All ...

Better Dwelling-Jul. 8, 2019
Canada's real estate sector is making a shift. Statistics Canada (Stat Can) data shows FIRE sector jobs made a small decline in June.
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Story image for vancouver chandelier from VICE

This $5M Chandelier Under a Vancouver Bridge Will Start the ...

VICE-Nov. 29, 2019
The city of Vancouver decided to hang a multi-million dollar chandelier underneath a bridge and it's exactly as class war(y) as you thought it ...
 
 
 
 
 
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$4.8M chandelier unveiled under Granville Street Bridge

CTV News-Nov. 28, 2019
VANCOUVER -- The Granville Street Bridge got a whole lot glitzier this ... 'You got to look at it and just laugh': Vancouver's $4.8M chandelier ...
Vancouver artist Rodney Graham's Spinning Chandelier ...
Local Source-The Globe and Mail-Nov. 28, 2019
 
Story image for vancouver chandelier from Globalnews.ca

Massive, spinning chandelier under Granville Bridge to be ...

Globalnews.ca-Nov. 27, 2019
The City of Vancouver is preparing to unveil its latest piece of public art: a massive, $4.88-million, illuminated spinning chandelier.
 
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Spinning Chandelier to activate urban space under Granville ...

Vancouver Sun-Nov. 26, 2019
Spinning Chandelier will rotate twice a day and activate an underused ... The chandelier is the public-art component of Vancouver House, the ...
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Giant spinning chandelier unveiled under Granville Street ...

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VANCOUVER (NEWS 1130) – After weeks of construction and years of planning, a giant chandelier under the Granville Street bridge has been ...
 
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Six things you need to know about the giant chandelier ...

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Giant chandelier installed under Vancouver's Granville bridge ...

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First announced back in 2014, a massive spinning ornate chandelier is finally in the process of being installed under the Granville Bridge at ...
 
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Finally: That massive spinning chandelier is being installed ...

Vancouver Is Awesome-Nov. 20, 2019
It's sponsored by Westbank, and is affiliated with Vancouver House, the ... The chandelier will slowly rotate and rise over the course of 24 hours, ...
Story image for vancouver chandelier from Vancouver Is Awesome

Everything you need to know about Vancouver's new $1.2M ...

Vancouver Is Awesome-Nov. 22, 2019
Vancouver is getting a sparkly, moving piece of public art: A massive 18th century French-inspired chandelier that slowly lowers over the ...
Story image for vancouver chandelier from Daily Hive

Giant spinning chandelier being installed on Granville ...

Daily Hive-Nov. 15, 2019
... which depicts an 18th-century crystal chandelier after it is “wound up on a rope and released.” Vancouver city council approved the public art .
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Moving? You'll Need This Ultimate House Cleaning Checklist


Moving house can be a highly stressful exercise, uprooting your life and packing it into boxes, organising a removalist, getting rid of unwanted or worn out items, and lastly the big cleanup, so you get your bond back. It’s crucial that you get your bond back because it’s a lot of money. So let’s get down to business and help you make sure you do all you can to have that money returned to you for your next rental.  

Basic End-of-Lease Cleaning Tips

  • Speed up the process by keeping all your cleaning products in one place, a bucket or small bin on wheels. This way you won’t be wasting time running around looking for them. 

  • Professional cleaners have a system whereby they clean from left to right, back to front, and top to bottom, a good strategy to copy.

  • Start with tasks that don’t require a wet cloth or mop - dust, vacuum, sweep. Then wipe surfaces with a damp cloth and mop the areas that need mopping.

  • If you have pets they have probably made a mess, so even though you’ll be taking the kennel, bird cage and fish tank, give them a good clean so they're ready for the new home. Once they’re out of the house, clean up whatever mess is left and fumigate the place with flea and cockroach bombs. 

  • If you have paint tins or anything the removalist can’t take, arrange for the disposal of prohibited or hazardous items. When you book the removalist, ask what items are prohibited.

Outside Cleaning Tips

  • Speed up the process by keeping all your cleaning products in one place, a bucket or small bin on wheels. This way you won’t be wasting time running around looking for them. 

  • Professional cleaners have a system whereby they clean from left to right, back to front, and top to bottom, a good strategy to copy.

  • Start with tasks that don’t require a wet cloth or mop - dust, vacuum, sweep. Then wipe surfaces with a damp cloth and mop the areas that need mopping.

  • If you have pets they have probably made a mess, so even though you’ll be taking the kennel, birdcage and fish tank, give them a good clean, so they're ready for the new home. Once they’re out of the house, clean up whatever mess is left and fumigate the place with flea and cockroach bombs. 

  • If you have paint tins or anything the removalist can’t take, arrange for the disposal of prohibited or hazardous items. When you book the removalist, ask what items are prohibited.

Cleaning Tips For Inside

  • Don’t forget the barbecue, outdoor furniture (even if it’s yours it will probably need a clean), patio or verandah.

  • Brush off dust and cobwebs from windows, eaves and walls.

  • Mow lawns, weed gardens, trim edges and sweep all the paths. 

  • Repair any damage your pets or kids may have caused, and clean up droppings and other mess.

  • If there is a pool, clean the filter and clear away and leaves and debris.

  • Empty and clean the compost bin and the letterbox.

  • Clean the outdoor lights and make sure they all work.

  • Remove and oil stains from the driveway and garage, and sweep up any dirt and leaves.

  • Empty all the garbage bins and wash them out. 

  • Clean the garage door and if it has a remote control, make sure you give it to the agent when you hand over the keys. 

Tips For Cleaning the Kitchen

  • For a natural oven cleaning method, mix half a cup of baking soda with water to a smooth paste and spread over the inside of the oven, the racks and the griller, including the tray. Avoid the heating plates in an electric stove. Leave the paste overnight, then remove it and spray the oven with white vinegar, which will form a foam you can just wipe off. Clean the stove top thoroughly.

  • Clean the range hood, wash the filters and make sure the light and fan are both working.

  • Clean the dishwasher, including the door, filter, and rubbers. To make it sparkle, wipe around the door seals with a damp sponge onto which you have shaken some baking soda. This will remove food and stains, and if you add a small cup of bleach to a dishwasher cycle, it will kill any bacteria, leaving the machine clean and fresh. 

  • Clean out food scraps and debris from sinkholes, and makes sure the taps sparkle and that the plug is clean. 

  • Put a couple of drops of mineral oil on a sponge and wipe down the kitchen sink if it’s stainless steel for a great sparkle.

  • Clean garbage disposal units by dropping in a sliced lemon with ice cubes and a spoonful of salt. The ice and salt will remove any built up grime, and the lemon makes it all smell fresh.  

  • Wipe down all benchtops and surface areas, inside and outside all cupboards.

  • Especially if the fridge is staying as part of the rental, but also so it’s clean and fresh for the new home, remove all foodstuffs from it and the freezer and clean thoroughly, adding a few drops of vanilla essence on a cloth and wiping over the inside afterwards for a lovely scent. 

  • Don’t forget to clean behind the fridge and underneath it after it’s been moved from the house. Also, clean behind the microwave and dishwasher. Clean the extractor fan with the vacuum cleaner.

Now Tips For the Bathroom and Laundry 

  • Using Gumption, Ajax or any other brand of cleaner - or a natural cleaner such as baking soda and vinegar - clean and disinfect the bathtub, shower recess, shower screen, wash basin, and toilet. Here’s a tip to clean the showerhead: fill a plastic bag with vinegar, so the nozzle is submerged in it, tie the bag in place and leave to soak overnight.  

  • To clean the residue from glass shower enclosures and doors, make a paste of vinegar and baking soda, wipe it over the glass and leave for an hour before wiping it off with a damp cloth. The glass will sparkle.

  • Make sure there’s no soap residue or mould or mildew anywhere in the bathroom and wash every surface, including bench tops and tiles. To get rid of mould from grouting and from walls and ceilings dip an old toothbrush onto some bleach and scrub the areas.

  • Dust and polish toilet roll holders and towel racks, clean out the sinkholes, drain holes and taps and clean all ceiling fans and mirrors.

Cleaning Tips For Walls and Floors 

  • For scuff marks on walls and floors, spot clean. 

  • Using a soft cloth, and sugar soap mixed with warm water, clean all the walls in the house.

  • Vacuum and steam clean all carpets, or call on cleaning professionals.

  • Sweep and mop the kitchen, bathroom, laundry and any tiled floors and floorboards.


Good luck with your efforts to get your bond back






Author’s Bio 


Alex Morrison has worked with a range of businesses giving him an in depth understanding of many different industries including home improvement, financial support and health care. He has used his knowledge and experience to work for clients as diverse as Biogone, Cosh Living and Me Bank to help them reach their business goals.



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I have listed a new property at 1507 9393 TOWER RD in Burnaby.
2 bedroom 2 bath SUB PENTHOUSE. Northwest Corner Unit with amazing Downtown Vancouver, North Shore Mountains, Vancouver Island views. The best location at SFU. Quality finishing throughout featuring gourmet kitchen with quality cabinetry. Caesarstone quartz counters, stainless steel appliances, engineered hardwood flooring, insuite laundry. Quality built concrete building with warranty. Steps to SFU campus, Nester's market, shopping, banking, Child Care, Elementary school, transportation with easy access to hiking and bike trails. Amazing clubhouse facility in complex.
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Empty Homes Tax

 
 

Each year, every owner of residential property in Vancouver is required to submit a property status declaration to determine if their property is subject to the tax.

 

 The City's Empty Homes Tax is separate from the provincial government’s Speculation and Vacancy Tax. If you have an enquiry about the Province's tax, please refer to the Province's website External website, opens in new tab or call 1-833-554-2323.

Properties deemed empty will be subject to a tax of 1% of the property’s 2019 assessed taxable value. 

Most homes will not be subject to the tax, as it does not apply to principal residences or homes rented for at least six months of the year; however, all homeowners are required to submit a declaration.

Net revenues from the Empty Homes Tax will be reinvested into affordable housing initiatives.

Ready to declare?

Instructions will be mailed out with your advance property tax notice throughout November.

Declare by:
February 4, 2020

How to declare

如何提交申報

如何提交申报

ਕਿਵੇਂ ਐਲਾਨ ਕਰਨਾ ਹੈ

  1. Jan 1, 2019
    Start of tax year
  2. Dec 31, 2019
    End of tax year
  3. Feb 4, 2020
    Declaration deadline


 
Couple looking at house

Will your home be taxed?

Determine if your property will be subject to the Empty Homes Tax (Vacancy Tax).

 
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Enforcement and penalties

Find out how the tax is enforced, how to submit a Notice of Complaint, or pay or dispute a bylaw notice.

 
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Frequently asked questions

View a list of questions, answers, and definitions about the Empty Homes Tax (Vacancy Tax).

 
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Why an Empty Homes Tax

Learn about the tax, why it was introduced, reference documents, and more.

 
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Declare property status

Submit your Empty Homes Tax (Vacancy Tax) property status declaration for 2019 by February 4, 2020

 
Couple at their computer

Paying your taxes

Pay your property tax and Empty Homes Tax (Vacancy Tax). Get information on ways to pay your taxes.

 

 Clarifications to the Vacancy Tax bylaw were made on September 18, 2018. These changes are in effect for the 2018 reference period (January 1 to December 31, 2018). View the clarified exemptions.

 The Empty Homes Tax is also known as the Vacancy Tax and is imposed under the Vacancy Tax Bylaw No. 11674.

 
 

Can't find an answer to your Empty Homes Tax question?

Tell us about it now!

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How to submit your Empty Homes Tax declaration

 

 The City's Empty Homes Tax is separate from the provincial government’s Speculation and Vacancy Tax. If you have an enquiry about the Province's tax, please refer to the Province's website External website, opens in new tab or call 1-833-554-2323.

Vancouver property owners must declare each year – even if you live in your home.

Only one property status declaration is required each year per property.

 Failure to declare by the deadline will result in your property being deemed vacant and subject to a tax of 1% of its assessed taxable value and a $250 penalty.

Empty Homes Tax due dates

Unpaid tax added to property tax bill: December 31, 2019

Declaration for 2019: February 4, 2020

Empty Homes Tax payment for 2019: April 16, 2020

 
 

Before you begin your declaration

Your declaration should take approximately five minutes to complete.

You may give permission for someone to submit your declaration on your behalf. 

What you will need:

 Ensure you fulfill the requirements of your property status at the time you declare.

Submit declaration

  • Additional information that may be required when submitting declaration

    Please review and have all required information with you when you start your declaration.

    Depending on your property status, you may be required to submit additional information.

2018 tax year late declarations

Do you still need to make a late declaration for the 2018 tax year? Do so before December 31, 2019, to contest your tax levy by submitting a notice of complaint.

 

Audit process

Property status declarations will be subject to an audit process, in line with best practices for provincial and federal tax programs. If your property is selected for an audit, you will be asked to provide evidence in support of your declaration.

False declarations will result in fines of up to $10,000 per day of the continuing offense, in addition to payment of the tax.

Need assistance with your online declaration?

Learn more about the Empty Homes Tax

Chat with an online representative

Access Live Chat
(Bottom right-hand corner of this page.)

Get assistance when making your online property status declaration

City staff will be available to assist you at City Hall during opening hours.

Vancouver City Hall
453 West 12th Avenue
​Monday to Friday (except holidays)
8:30 am – 5pm

 Line-ups may be long.

Staff at Vancouver Public Library locations External website, opens in new tab will also be available to assist you with technical and information support.

You will need a library card to access the computers at the library. If you don't have one, you can use a temporary internet card instead, which you can get by presenting your ID to the service desk at your local library. 

Still have questions? Can't find an answer to your Empty Homes Tax question?

Tell us about it now!

Phone 3-1-1
(Outside Vancouver: 604-873-7000)

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Urban Development: Put your rent toward ownership

The “rent-to-own” housing solution that’s catching on with metro homebuilders

The concept of paying rent towards home ownership is revolutionary, but has a lot of appeal in a city where real estate is as expensive as it is in Vancouver. PHOTO: COURTESY OF PANATCH GROUP

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The good news is you’ve secured that high-paying dream tech job in Vancouver. The bad news is that dream job is in a city with a rental vacancy rate of less than one per cent—and despite your best efforts at saving, you still don’t have enough for a down payment in what is considered one of the world’s most expensive housing markets.

You did, however, manage to secure a basement suite to rent in Port Moody for the time being, in a commutable city with its own close-to-zero vacancy rate. Then, you see a local media story about a new Port Moody-based rent-to-own condo opportunity, steps from nearby major Evergreen rapid transit lines, 25 minutes to Waterfront station downtown and just a short walk to your new job.

“Rent-to-own homes” isn’t a new idea outside of Metro Vancouver, in places like Britain or the U.S. But it is a novel idea here.

The rent-to-own opportunity was certainly welcome news to Metro Vancouver renters when UDI member Panatch Group offered this innovative solution in January 2019 for its 50 Electronic Avenue project. Owner Kush Panatch recently shared the details behind this successful partnership with the City of Port Moody and Vancity at a UDI education seminar in front of an audience of nearly 300 multi-family home builders. He played a Global News story for the UDI crowd, recalling that media coverage created a huge spike in applications for this unique “pathway to home ownership.”

Multiple media stories led to their staff fielding more than 500 applicants for the 30 rent-to-own units in the 358-unit project, which features a shared amenity space with yoga studio, gym, children’s play area, dog wash and a co-working space, among other popular and contemporary communal needs.

STORY CONTINUES BELOW

Successful applicants would pay a fixed rent for two years, with all of that money converted into equity for their down payment.

It’s a great opportunity for home ownership. Now I don’t have to pay rent and save at the same time.

Construction is expected to be completed in 2021. At that point, rent-to-own buyers will pay rents of $1,000 a month for a one-bedroom unit or $1,250 for a two-bedroom. Purchase prices for the 643-square-foot, one-bedroom suites started at $469,900 while two-bedroom units started at $649,900.

The conditions to qualify were simple:

  • Applicants must currently live or work in Port Moody;
  • They must live in the home and can’t assign their purchase agreement to another person;
  • They must-be first-time homebuyers.

With so many applicants, they chose a random lottery-style selection process last March, which left some elated and others disappointed but hopeful they’ll get another chance.

One of the would-be homebuyers, 24-year-old Christian Fracchia, lauded the project to Global News: “It’s a great opportunity for home ownership. Now I don’t have to pay rent and save at the same time. Otherwise, I would have to wait five or 10 years to save that money.”

A Rotary Club of Richmond award winner for his community-minded service, Panatch said he hopes this inspires other homebuilders to offer similar solutions. He believes this can help more people find affordable homes in the communities where they work.

That’s already happening. The Victoria Times-Colonist reports that Ledcor recently offered renters a chance to apply 25 per cent of their monthly rent to the purchase of a new home at the Belmont Residences Project in Langford, on Vancouver Island, last April.

Homebuilder Anthem Properties just announced their new rent-to-own program, with similar conditions to Panatch, in the District of North Vancouver. Their 341-unit project features 25 rent-to-own apartments, as well as 33 below-market rentals, along with condominiums and townhomes.

These achievements are part of what makes me proud of our industry, one that drives innovation and builds caring and sharing communities.

Anne McMullin is President and CEO of the Urban Development Institute, a non-profit and non-partisan industry association of the residential, commercial and industrial builders. This sector supports more than 220,000 good-paying, family-supporting B.C. jobs through nearly $23 billion in annual economic activity. Through municipal fees and contributions, the industry builds homes, offices, daycares, social housing, parks, public art, museums, schools and community centers throughout B.C.

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CMHC head sounds the alarm on housing policies that push up prices

Kevin Carmichael: If all the election campaign promises were kept house prices would jump $16,000 on average, $40,000 in Toronto and $80,000 in Vancouver

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On Sept. 12, the first full day of the election campaign, Evan Siddall, president and chief executive of Canada Mortgage and Housing Corp., downed his sword.

“For anyone calling for my reactions, it is inappropriate for me to offer comments on policy during an election campaign,” Siddall tweeted on the day the Liberals offered their contribution to what would become a potluck of housing sops. “As a civil servant, I have a duty to remain impartial to the democratic process.”

That was great news for the real-estate lobby, with which Siddall, a former investment banker, has duelled repeatedly since accepting his current assignment in 2014. It had an open field to urge politicians to solve the affordability crisis by making it easier for the least creditworthy borrowers to get bigger mortgages. “We are glad to see the parties are listening,” Kevin Lee, the president of the Canadian Home Builders’ Association, said in a press release in September.

Now that the democratic process is over, Siddall has picked up his sword.

This glorification of homeownership is this odd North American thing that’s counterproductive economically and socially,

CMHC head Evan Siddall

“I don’t know why this debate is still happening,” he told me in an interview at CMHC headquarters in Ottawa this week. “And I don’t know why people are vulnerable to it because it’s just obvious that if you push prices higher, you’re going to make the (affordability) problem worse.”

Siddall, who was appointed by Stephen Harper’s government, has been called “arrogant” by Conservatives for describing in blunt terms that subsidizing debt helps builders and brokers, not buyers.

Incentives such as the provision that allows first-time purchasers to withdraw from their Registered Retirement Savings Plans, the capital-gains-tax exemption on home sales, and reduced property-tax rates stoke demand and price inflation because so many urban markets are supply-constrained.

Under Siddall, CMHC has taken a step back, as per his mantra of using the agency’s resources to support “needs,” not “wants.” According to the 2018 annual report, it had insured about 29 per cent of outstanding residential mortgages, compared with about 43 per cent in 2014. Siddall’s priority these days is financing rental units, not juicing home-ownership rates.

Housing itself is contributing to this increasing division between rich and poor

Evan Siddall

“This glorification of homeownership is this odd North American thing that’s counterproductive economically and socially,” he said. “If you are an owner versus a renter, (society) neglect(s) you,” Siddall added.

“You are 75 times more likely to have severe food-insecurity issues if you are renter versus an owner. Part of that is because you have less income. That’s why you’re renting. But it is also because housing itself is contributing to this increasing division between rich and poor.”

And yet here we are again, on the verge of a new round of incentives that could offset some of that good work.

The Conservatives and the New Democratic Party both promised to increase the maximum amortization period for first-time homebuyers to 30 years from 25, which would lower monthly payments, but saddle borrowers with more debt.

Finance Minister Bill Morneau used his pre-election budget to increase the amount that first-time buyers can pull from their RRSPs for a downpayment. He also introduced a shared-equity scheme that allows some first-time buyers to work with CMHC as a co-investor, which at least allows individuals and families who insist on chasing runaway home prices to do so without exceeding reasonable debt loads. At the start of the campaign, Trudeau said he would adjust the program so more people from the most expensive cities could qualify.

Siddall is untroubled by the original co-investment plan. He said on Twitter this week that CMHC had committed about $40 million to 2,000 applicants so far. In the interview, Siddall said he reckons the program’s inflationary effects will add only about $114 to the price of a home. He characterized it as a reasonable political response to the minority of creditworthy borrowers blocked by the stress test.

But honestly, this stuff has to stop.

The real-estate industry is getting all the help it needs from the drop in mortgage rates that followed the U.S. Federal Reserve’s decision to cut its benchmark rate this year. Yet it still advocates for “tweaks” to the measures the federal government put in place to stop the credit binge, and too many politicians continue to treat the housing lobby as if its members are the buyers, not the builders and brokers who are enriched by bubbly markets.

Siddall offered a preview of some CMHC research on what would happen if Parliament enacted all of the proposals from the campaign. The calculation includes an enhanced shared-equity program; an easier stress test that reduces the interest rate that borrowers must show they could afford by a percentage point; and the longer amortization period. Assuming a response rate of 100 per cent, average prices would rise by as much as $16,000, said Siddall.

In Toronto, the increase would be $40,000, and in Vancouver $80,000.

“These aren’t tweaks,” Siddall said. “These are real numbers.”

• Email: kcarmichael@nationalpost.com | Twitter: 

 
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This Week in History: 1959: A new wave of highrises transforms the West End

The block-long Ocean Towers blocked the view, which was so controversial to the city opted to build tall, thin towers instead

Ocean Towers when it opened in 1960. Bill Cunningham/Province BILL CUNNINGHAM / PNG

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On Nov. 23, 1959, The Sun had a page of photos headlined “More Colourful New Buildings Add Striking Beauty to Vancouver.”

In the upper-left corner was Ocean Towers, a 19-storey building at 1835 Morton Avenue, between Denman and Beach. In the lower right is Berkeley Tower, a 16-storey building at Denman and Davie.

Together, they represent the two visions for the high-rise boom that would transform the West End in the 1950s and ’60s.

Ocean Towers was a massive project that occupies most of a block. Berkeley Tower was tall and thin, an example of what came to be known as a point tower.

Ocean Towers was the first skyscraper built in the West End, and stirred up a lot of controversy in the mid-1950s.

STORY CONTINUES BELOW

“Previously, height of buildings in the West End was limited to eight storeys, although they could go higher if built correspondingly narrower,” said a Vancouver Sun story on Feb. 26, 1957.

“Architects claimed these restrictions were too severe because the number of suites allowed would not meet today’s property and construction costs.”

The project was original pitched at 21 storeys, then reduced to 19. But several civic bodies argued against it, including the Town Planning Commission (the precursor to today’s planning department), the city’s technical planning board, the Vancouver Housing Authority and the Community Arts Council.

Artists’s conception of the Ocean Towers development at 1835 Morton in the June 29, 1957 Vancouver Sun. PNG

City council approved it, regardless, which The Sun said “took the ceiling off tall buildings in the West End.”

City planning director Gerald Sutton Brown warned council “you are making one of the biggest mistakes in Vancouver history. Once you relax the zoning bylaw, you can find no possible excuse to refuse anyone else with a similar request.”

The Sun reported Sutton Brown also argued: “In other cities where unlimited bulk and height have been permitted, residents have found themselves surrounded by a veritable wall of tall buildings, which blocked out daylight and eliminated view.”

The project was done by Otto Becker and Associates. It was originally projected to cost $1 million, then $1.5 million, and came in at “about” $2 million.

“A true tower-type building, it contains 68 suites and penthouse, and has parking for 110 cars,” The Sun reported on Nov. 23, 1959. “Becker Construction built (the) structure to design of (architect) Rix Reinecke.”

An illustration in the Feb. 26, 1957, paper shows the tower from the top down, and a helicopter pad is at the west end of the building. But it’s doubtful any helicopters ever used it.

Artists’s conception of the Ocean Towers development at 1835 Morton in the Feb. 16, 1957 Vancouver Sun.

Morton Avenue is named after John Morton, one of the “Three Greenhorns” who purchased 550 acres of swampy forest between English Bay and Burrard Inlet for $555 in 1862.

It’s only a block long, and pre-Ocean Towers comprised an older apartment building (Morton Lodge), an antique store and four houses. The Sun reported Becker had paid $200,000 to assemble the property.

There were no strata condominiums in B.C. until the province brought in the Strata Titles Act in 1966. But Becker marketed “self-owned apartments” at Ocean Towers by selling shares.

There were several other “self-owned” apartment complexes for sale at the time, including Chilco Towers (710 Chilco at Robson, across from Lost Lagoon), The Beach Park (2095 Beach, right beside Stanley Park) and the Buena Vista (2430 Point Grey Road, by Kits Beach).

The suites at Ocean Towers were originally $25,000 to $31,000, but the price rose to $31,000 to $38,000 by the time they were completed. The two- and three-bedroom units ranged in size from 1,035 to 1,535 sq. ft., and all offered a drop-dead gorgeous view of English Bay.

Two suites sold there in 2018, one on the second floor for $1.6 million and one on the 19th for $3.15 million. Five are currently for sale, from $1.175 million to $2.398 million. The penthouse was for sale for $17.3 million last year, but appears to have gone off the market without selling.

Sutton Brown may have lost the battle over Ocean Towers, but he won the war against buildings like it. Vancouverites did not like having their views blocked, and no other building as wide as Ocean Towers went up on the waterfront. Instead we have tall, thin point towers you can see around to glimpse the mountains or water.

jmackie@postmedia.com

Ad for the Ocean Towers development in the Oct. 15, 1960 Vancouver Sun. PNG

Ocean Towers story in the Feb. 26, 1957 Vancouver Sun. PNG


Photo page of “colourful new buildings” in the Nov. 23, 1957 Vancouver Sun. The Ocean Towers development at 1835 Morton is in the top left, Berkeley Tower is bottom right. It would have run in colour but it’s in black and white on microfilm. PNG

Page on “self-owned apartments” in the Oct. 17, 1958 Vancouver Province. PNG

Ocean Towers (middle) was the first skyscraper in the West End when it was built between 1957 and 1959; Berkeley Tower (right) was just behind it. This photo was taken on July 25, 1959, when they were still under construction. To the left is the Sylvia Hotel, an eight-story building that dominated the English Bay waterfront when it was built in 1912. Ken Orr/Vancouver Sun PNG

 
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Take a look inside the priciest house up for sale in Vancouver

This sprawling, 25,340 square-foot property is just steps from Shaughnessy Park

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There’s a housing crisis going on in Vancouver. Perhaps you’ve noticed. Perhaps you’ve felt personally squeezed out of the market due to the exorbitant prices.

But maybe you haven’t, in which case, the real crisis is probably what to do with all that money spilling out of your pockets. Do you buy larger pants? Pants with more pockets? A larger wallet, perhaps? Or maybe you spring for the largest wallet money can buy: a really big house.

Vancouver’s most expensive home listing is located at 1233 Tecumseh Ave.  REALTOR.CA

For just shy of $40 million, you can even buy the priciest home on the market in the city of Vancouver: the sprawling, seven-bedroom Shaughnessy mansion located at 1233 Tecumseh Avenue.

Vancouver’s most expensive home listing, located at 1233 Tecumseh Ave., has an asking price of $39,980,000. REALTOR.CA

Built in 1922 and completely rebuilt and updated in recent years, this dynamic, private lair is perfect for comic book super villains or even their real-life, modern-day counterpart, the casual billionaire. Quit twirling your moustache and make an offer!

This sprawling, 25,340 sq.ft. property is just steps from Shaughnessy Park, although one wonders why you’d ever go out when you’ve got a lush green space, a koi pond visible even from the basement lounge, and a swimming pool at the house. What’s out there for you that isn’t in here for you already? Stay inside and go a little mad like Howard Hughes, if you like.

There’s also this weird frog statue. Haven’t you always wanted one of those?

This single-family home has everything, including room for several more families. It has seven bedrooms, including a self-contained guest building with pool access, so you can host your friends from a safe distance.

It has nine bathrooms — perfect for anyone that thinks eight bathrooms just isn’t enough. This one even has a free-standing tub, so you can sink into a relaxing bath, close your eyes and pretend you’re in a little yacht for mice.

It has five fireplaces, so you can easily forget where you built that fire. This majestic, two-level home even has an in-house elevator, so you can get from the downstairs to the upstairs without all that needless legwork. Look at this staircase. It’s like 12 steps! Anything with that many steps is an Ikea manual, and you’ve long since evolved beyond assemble-at-home furniture.

And if your fondness for this home isn’t already deeply-felt, take a gander at the basement pool table, which is also deeply felt. You’re sure to snooker more than the equitable distribution of wealth on this blue baby. Rack ’em up!

The office features shelving for your many leather-bound books, dimmable LED lighting for long nights of brooding, and a high-backed swivel chair so you can greet visitors by spinning around to reveal yourself and your sinister lap-cat as you say, “bwahahaha I’ve been expecting you.”

The larger-than-life dining room features high ceilings and floor-to-ceiling windows so you can enjoy the lush greenery just outside. Plus it’s one of those cool, super-long dining tables that rich people on TV have, where they sit really far apart in a visual metaphor for their strained relationships. Pass the salt!

Finally and most importantly, the extravagant kitchen is open-concept, so you can see the living room TV from one of the sinks. We’d expect nothing less for one of Vancouver’s spiffiest homes.

The other sink, opposite several gas stoves and an embedded oven, is long enough to bathe several small dogs at once. No more tedious trips to the puppy spa for you!

This home is currently listed for just $39,980,000, but if your world view is in any way distorted by having that kind of cash on hand, you’re sure to find it’s money well-spent.

hmooney@postmedia.com


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Is there more to this story? We’d like to hear from you about this or any other stories you think we should know about. Email vantips@postmedia.com.

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