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May 2015 B.C. Economic Fundamentals

Discussion in 'BC News' started by Ally, May 7, 2015.

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    News articles for May 2015.
     
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    Chilliwack's house of horrors: Brawls, screams, syringes and sketchy characters have neighbours looking to sell

    The grey and white house on Rotary Street in Chilliwack, B.C., has been a problem for years, but in the last two months crime and violence stemming from the property have escalated — and neither police nor the city are doing anything about it, said neighbours.

    Neighbours have endured brawls, yelling, suspected drug dealing and sketchy characters coming in and out at all hours.

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    Get ready for an older population in BC

    If you’re a senior looking for a great place to play endless rounds of golf or games of bridge through your golden years, then the Okanagan Valley’s the place to be.But if you’re a young parent and want a place where your kids will have plenty of friends and outdoor pursuits, you may choose to head up the Sea to Sky Highway to Squamish.

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    Is it time to restrict foreign property buyers in Metro Vancouver

    As housing becomes pricier, Vancouverites are growing more sensitive about foreign influences, wanting to know what their politicians are doing to protect local interests.The answer, to date, is pretty much nothing.This, even as Australia’s prime minister has just announced plans to jail foreigners who purchase homes in contravention of that country’s stiff foreign investment rules on property purchases.

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    Metro Vancouver real estate board warns demand outpacing supply

    METRO VANCOUVER - Buyers continued to snatch up homes in Metro Vancouver last month, and realtors are warning that the region’s real estate demand is outpacing the supply.

    The number of all types of residential property sales last month was up 37 per cent over April 2014 to 4,179, according to the Real Estate Board of Greater Vancouver. Meanwhile, the number of new listings was down 0.9 per cent compared to a year earlier.

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    Why more Metro Vancouverites are complaining about bad smells

    East Vancouver resident Blair Redlin and his neighbours are wary of inviting friends for a barbecue on a hot summer day. Those may be the days when West Coast Reduction, a nearby rendering plant, bathes their Grandview-Woodland neighbourhood in a smell so foul that eating from an outdoor grill is unthinkable.

    Redlin, who has lived in his East Georgia Street house since 1991, says bad smells remain an ongoing, intermittent presence despite the company’s insistence that it’s getting better at controlling them.

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    Exploring development opportunities in Mission

    About 70 per cent of growth in southwestern B.C. will happen in the Fraser Valley, according to the Urban Development Institute, which hosted a breakfast meeting in Mission this week to discuss development opportunities.

    Morgan Dyer, senior vice-president at Colliers International and a speaker at the event, presented a video marketing the 1,100 acres of land for sale in Silverdale. The properties are currently owned by development companies Genstar and Madison, and form the largest tract of consolidated land available for development in the Lower Mainland.


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    Investors buy Burnaby apartment blocks

    A wave of land speculators led by mainland Chinese buyers is snapping up old Burnaby rental apartment buildings, driving per door prices above $350,000 and razing the units for high-rise condominium construction. The land rush is centred around four transit-linked Burnaby town centres where at least three dozen apartment buildings have been bought for demolition in the past year. Unlike Vancouver, Burnaby has no restrictions on tearing down low-cost rental apartments and building condominiums in their place. Last year, the suburban city issued 419 demolition permits and are averaging 34 per month so far in 2015.

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    Hi u able to click on full article using phone.
     
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    Housing recovery well underway in Greater Victoria

    Homebuilders in Greater Victoria have been busy this year, leading industry insiders to suggest the region is seeing a full-blown economic recovery. According to numbers released Friday by Canada Mortgage and Housing Corporation, the region has seen 744 new housing units started since January, nearly triple the number underway over the first four months of 2014.

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    Province racks up LNG pipeline agreements with 28 nations

    VANCOUVER -- The B.C. government revealed Sunday it has revenue-sharing agreements in place with 28 First Nations for planned pipelines meant to supply proposed billion-dollar LNG plants on the coast of B.C.

    The province had publicly announced eight pipeline agreements with First Nations on four separate pipeline proposals in northwest B.C.




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    Realtors devising creative strategies to win bidding wars

    In the absence of official curbs on foreign purchasing, some Vancouver realtors are trying to conjure an advantage for their homegrown buyers.

    Re/Max agent Leslie Cannon saw long odds last week for her buyers in a bidding war on a $1.99-million Dunbar home.

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    First Nations LNG deals with BC will help in making final investment decisions, industry says

    CALGARY – The head of the fledgling liquefied natural gas industry in British Columbia is calling the provincial government’s announcement of revenue-sharing agreements with 28 First Nations a major step forward.

    “I think this is beneficial not just for the industry but for the First Nations,” B.C. LNG Alliance president David Keane said in an interview Monday.

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    Burnaby rentals tagged for demolition

    According to a recent article in Business Vancouver, dozens of Burnaby, B.C., apartment buildings are being snapped up for demolition in a recent trend that’s driving per door prices above $350,000. At least three dozen apartment buildings have been purchased for demolition in the past year.

    In Burnaby, there are no restrictions on tearing down low-cost rental apartments in favour of erecting brand new condominiums, unlike in Vancouver. In 2014, the city of Burnaby issued 419 demolition permits and are averaging 34 per month so far this year.

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    BC Energy Minister optimistic Site C construction will begin in the summer

    Two weeks before farmers and First Nations press the courts to block the Site C dam from transforming a thriving stretch of river in northeastern British Columbia, the minister responsible has boldly forecast away any obstacles.

    Energy Minister Bill Bennett told a Vancouver Board of Trade gathering on Thursday he’s confident legal objections won’t stymie the multibillion-dollar hydroelectric project.

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    Think-tank maps out BC's clean-energy jobs

    VANCOUVER — If you think renewable energy projects produce few jobs in British Columbia, think again.

    That’s the word from the Pembina Institute, an Alberta-based environmental think-tank working toward clean-energy solutions in Canada. The group’s B.C. office recently unveiled a B.C. Clean Energy jobs map that highlights the 14,100 jobs from clean electricity energy in B.C.




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    "They" say no to Hydro electricity, coal plants, LNG, Oil, wind turbines in their neighbourhood. What's next?

    Having put all its efforts behind homegrown liquefied natural gas, while snubbing not-good-enough-for-us oil pipelines needed by Albertans, British Columbia is now in an uncomfortable situation.

    As it turns out, LNG, the clean-burning fuel embraced by the Liberal government of Christy Clark, whose development was promoted up and down Asia and that was supposed to be acceptable to the province’s green/aboriginal/nimby cohort, is not good enough either.

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    New Westminster mandates family-friendly housing in new developments

    How does a city with a small footprint create homes for families?

    That’s a big challenge for New Westminster but this city is taking steps to ensure new developments are providing units that are big enough for a family. New West is poised to become the first city in Metro Vancouver to mandate a set number of three-bedroom units in all new condominiums.


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    Express bus through Fraser Valley proving to be a popular option

    ABBOTSFORD (NEWS1130) – People in the Fraser Valley are embracing a new transit option.

    The express bus linking Abbotsford, Chilliwack and Langley is proving to be surprisingly popular.

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