Posted on
May 23, 2017
by
fabrizio zenone
Are you new to Port Coquitlam?
Contact City Hall for your City Info Guide along with information about community events, maps of the various rivers and trails within our community, recreation and leisure activities, and many more helpful tips and information. A variety of information is available in person at Port Coquitlam City Hall. You can also contact 604.927.5411 or info@portcoquitlam.ca to obtain more information.
On this website, find out about the City, get answers to frequently asked questions, check out tips for new residents and consult the community directory for key contacts and other community resources.
Looking for facilities or parks? Or maybe zoning information about your new neighbourhood? Use PoCoMap, our interative mapping tool, to view and print information. With PoCoMap, you can access:
- detailed property information: property lines, zoning, OCP designation, legal descriptions, legal plans, taxes, utility charges, assessments and aerial photographs
- road information: street names, truck routes, and road closures
- locations of public facilities and amenities: schools, parks and trails
- garbage zone, flood plan, and contour maps
Posted on
May 23, 2017
by
fabrizio zenone
In the beginning, Vancouver Craft Beer Week was a modest affair.
Just 100 people took part in the inaugural 2010 event — it wasn’t a “week” but rather a one-day festival back then — held inside the Heritage Hall on Main Street. Beer lovers threw back offerings from 20 local craft brewers.
“We were just a bunch people sitting around drinking craft beer and talking about how much we love craft beer,” said festival co-founder and events manager Leah Heneghan. “We were seeing the influx of more craft people and more craft beer being appreciated in B.C. It sort of seemed like the perfect time to start celebrating what we were doing here.”
Vancouver Craft Beer Week has got so big that it can no longer be contained to just one week. This year’s festival is 10 days long (May 26 to June 4) with 10 different events — culminating with the two-day VCBW festival at the PNE grounds (June 3-4) — that Heneghan expects will attract 15,000 people.
Here are five reasons why you should take part in Vancouver Craft Beer Week:
COMMUNITY SPIRIT
Vancouver’s Big Rock Urban Brewery (310 W 4th Avenue) will host a collaboration tap takeover, noon to 5 p.m., on May 27 that will highlight the community spirit that exists within B.C.’s craft industry.
“In the craft beer community it seems like people are challenging each other to do better and taking advice from each other and seeking advice from each other,” Heneghan said. “It’s a great spirit of working together to help make the whole industry better.”

The brewers of Brewers Row in Port Moody.
Some of B.C.’s top craft brewers — Ravens, Bridge, Four Winds, Steel & Oak, Bomber, Red Racer, Powell Street, Twin Sails, Field House, Callister and Dogwood — worked together to produce an array of collaboration beers. One of the most interesting is joint effort between Gibsons’ Persephone Brewing and Vancouver coffee company Ethical Bean who will unveil a fair-trade coffee-infused IPA. Tickets at $49.
IT WILL BE A HAZY AFFAIR
After 10 days of celebrating craft beer you may start to feel hazy … which is in keeping with this year’s theme of hazy, unfiltered beers. Every year, the VCBW commissions a collaboration beer co-produced by two or more local brewers. The 2017 collaboration beer is the Hazy Pale infused passion fruit and guava from the four breweries (Moody Ales, Parkside, Yellow Dog and Twin Sails) of Brewers Row in Port Moody. 
“Beer doesn’t have to be clear. The haziness is a celebration of the yeast and other ingredients,” said Heneghan. “You don’t have to be afraid of cloudy beer.”
The Brewers Row will host a Block Party in the Parkside Brewery parking lot (2731 Murray St, Port Moody) on May 28, noon to 5 p.m. Tickets are $25.
Meanwhile, The Donnelly Group will celebrate unfiltered goodness with their IP-Hazy Whole Hog Cookout and Crawfish Boil, June 1 at the Lamplighter Pub in Gastown. They’ll be spinning a full pig on the patio (save me the snout!) and serving up spicy crawfish while pouring the haziest selection of IPAs available. Tickets are $49.
FEATS OF STRENGTH
Vancouver’s colourful Cobalt Cabaret (917 Main Street) will be the site of the Copper & Theory Feats of Strength, from 4 — 10 p.m. on May 28, the week’s silliest event in which both brewers and beer lovers take part in strongman/strongwoman displays including keg stacking and a pushup competition.
“It’s a hilarious event with a fantastic selection of beer,” said Heneghan.
Tickets are $10.
BEERS AND MURALS, TOGETHER AT LAST
The Vancouver Craft Beer Week and the Vancouver Mural Festival will celebrate the merging of art and beer at their co-headquarters (877 E Hastings Street) on June 2, 7 — 11 p.m.
“We’ll have a live mural, so people can see the process and watch art being created … all while drinking great craft beer,” said Heneghan, whose group plans to operate a beer garden during the 2017 mural festival, June 24 — Aug. 12.
Tickets are $20 but extremely limited.
Posted on
May 19, 2017
by
Fabrizio Zenone

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 18, 2017) - A British Columbia Securities Commission (BCSC) panel has ordered monetary sanctions and permanent bans against Brendan James Schouw and his company Hornby Residences Ltd. for fraud.
In January 2017, a BCSC panel found that Schouw, a Vancouver resident, convinced one investor to invest $1 million in Hornby for a Vancouver real estate project. After depositing the investor's money into Hornby's bank account, Schouw redirected certain of the funds to his own account. Schouw spent approximately $75,000 of the investor's money on his personal mortgage payments and on his separate property management business, despite representing to the investor that all of his investment would be used for the development of a Vancouver real estate project.
In its decision, the panel stated "Schouw knowingly diverted the funds for his own purposes and did so with the knowledge that by so doing, he was putting the investor's funds at risk."
For his misconduct, Schouw has been ordered to pay an administrative penalty of $125,000. He has also been ordered to pay a disgorgement order of $74,612. Schouw and Hornby are jointly and severally liable for the disgorgement amount.
Both Schouw and Hornby have been ordered to cease trading in, and are permanently prohibited from purchasing, any securities or exchange contracts. They are both also banned from becoming or acting as a registrant or promoter, acting in a management or consultative capacity in connection with activities in the securities market, and engaging in investor relations activities.
Schouw has been ordered to resign any position that he holds as a director or officer of any issuer and has been permanently prohibited from becoming or acting as a director or officer of any issuer or registrant. The panel also ordered that securities of Hornby be permanently cease traded.
You may view the decision on our website, www.bcsc.bc.ca, by typing Brendan James Schouw, Hornby Residences Ltd. or 2017 BCSECCOM 168 in the search box. Information about disciplinary proceedings can be found in the Enforcement section of the BCSC website.
Posted on
May 15, 2017
by
fabrizio zenone
Alternative Pesticide Solutions   
For most of us, it doesn’t take long after move-in for bugs and other pests to be buzzing and crawling about our homes. These creepy irritants have a way of showing up when we least want them to, like flicking on the bathroom light to find a roach on the wall, or coming down for breakfast just ahead of an army of ants.
Back in the old days, we had no problem reaching for a handy can of nasty bug spray to take down the invaders. Now, we're more aware of the potential harm to our pets, our kids, and ourselves when it comes to pesticides. But are there natural eco-friendly alternatives to pesticides? Good news—there are!
For Flies
Open a window or door to catch a cool breeze and in come the flies. Then, it becomes a battle of wills to swat or shoo them out the door. Try these fly-be-gone remedies and save yourself some of the trouble.
Herb Sachets
You would think a fly would go anywhere for grub, but apparently, they have an aversion to mint, bay leaves, cloves, and eucalyptus leaves. Tie up some of those fresh herbs in a sachet of cheesecloth and hang it by your doors to turn flies away at the door.
Eucalyptus Oil
A few drops on an absorbent cloth placed near a potential fly zone will also send them elsewhere.
Pheromone Fly Traps
These are non-toxic traps which attract flies and kill them. You still have to deal with the clean-up, but it’s easy to just toss the trap itself.
For Mosquitoes
Nothing will ruin a backyard BBQ more than being bit by these tiny bloodsuckers. Usually, by the time you notice the bite it's too late and the scratching commences.
First, make sure there are no sources of standing or stagnate water nearby. This is where the pests set up shop.
Garlic Repellent
Mix one part garlic juice with five parts of water in a spray bottle. This can then be used to spray on the skin or on hanging cloth strips that will drive the pests away from your eating area.
Marigolds and Thai Lemon Grass
These are two fragrant plants that mosquitoes don't like. A few pots of these around your patio could be a big help.
Neem Oil
A compound spray utilizing the oil of the Indian Neem tree is safe to use against mosquitoes. Read those labels!
Electric Mosquito Traps
If you aren't put off by the sizzle and snap of a bug zapper then these traps are totally eco-friendly. Be sure to hang them out of reach for the young ones.
Bat Houses
Okay, this one might be a bit extreme, but just as there are birdhouses to give birds a nesting area, there are also bat houses that will attract these creatures to your home. Don't be scared. Bats can eat up to 600 mosquitoes in a single night. This is probably a better option for a bigger backyard!
For Cockroaches
They say cockroaches and certain fast food snacks will outlive any nuclear holocaust. Let's hope we never have to put that to the test. In the meantime, cockroaches are just downright nasty and don't deserve a lot of empathy. Be sure to first take care of the problem at its source before dealing with the infestation itself.
Catnip
This might make kitty go crazy, but it will also keep the cockroaches away. If you identify some roach hot spots in your home then put down some catnip sachets. It goes without saying that this should only be used in a home without cats!
Soapy Water
A spray bottle of soapy water at the ready can kill a cockroach with just a few sprays. Keep in mind, though; they are fast. Try your best to aim for the head and lower abdomen, coating the bug with a thin film of soap.
For Ants
Much has been made of ants ruining many a picnic. They can also be a nuisance if they make it into your home. Start alleviating the problem first by doing an extensive clean-up, focusing on any food debris the ants could be attracted to. Then proceed to using natural repellents.
Mint Tea
Place a couple of mint tea bags at the point of entry for an ant trail and they'll turn right around. If you don’t drink mint tea, crushed mint leaves will do the same, as well as lemon juice, citrus oil, coffee grounds, or cayenne pepper. These fragrant articles ruin the scent trails ants use to lead themselves and other ants to their source of food and water.
Soapy Water
Yes, your soapy water spray bottle has multiple uses when it comes to pest control.
Garlic
For ants on a patio deck, slip a few cloves of garlic between the cracks. They're not a fan.
Posted on
May 15, 2017
by
fabrizio zenone
Data shows a larger share of value for foreign buyers prior to implementation of tax last summer
The number of foreign buyers purchasing real estate in the Tri-Cities has fallen dramatically since the introduction of the provincial government’s 15% foreign buyers tax last summer.
In the seven weeks prior to the implementation of the tax, foreign nationals made up 11.6% of all real estate purchases in Coquitlam, Port Moody and Port Coquitlam, according to data recently obtained by The Tri-City News through a Freedom of Information request.
But the figures have plummeted since Aug. 1, 2016, with only 93 foreign buyers out of 3,377 transactions (2.8%) in the three communities.
The change has been the most significant in Coquitlam.
In the Tri-Cities’ largest municipality, 15.2% of real estate purchases were conducted by foreign buyers prior to the tax, a number that has dropped to 4.4% since. Port Moody fell from 11.2% to 1%, while PoCo dropped from 6.4% to 0.8%.
The data also showed that foreign buyers made up a larger percentage of the total value of real estate that changed hands between June 10 and Aug. 1, 2016.
In Coquitlam, foreign nationals made up 17.9% of the value of all property transfers while the figure was 11.2% in Port Moody and 6.4% in Port Coquitlam.
But from Aug. 2 to Feb. 28, foreign buyers made up 2.9% of the total value of all transactions in the Tri-Cities.
The percentages in the Tri-Cities are well below many other Lower Mainland communities.
In Richmond, for example, foreign buyers accounted for 27% of all real estate transactions in the seven weeks leading up to the introduction of the foreign buyers tax while Burnaby and West Vancouver were at 24%.
Across Metro Vancouver, 16.5% of real estate dollars that changed hands involved foreign buyers prior to Aug. 1, 2016.
Posted on
May 9, 2017
by
fabrizio zenone

Residential property sales in the region totalled 3,553 in April 2017, a 25.7 per cent decline compared to April 2016 when 4,781 homes sold and a 0.7 per cent decrease from the 3,579 sales recorded in March 2017.
April sales were 4.8 per cent above the 10-year average for the month.
For the first four months of the year, condominium and townhome sales have comprised a larger percentage of all residential sales on the Multiple Listing Service® (MLS®) in Metro Vancouver. Over this time, they’ve accounted for 68.5 per cent, on average, of all residential sales. This is up 10 per cent from the 58.2 per cent average over the same period last year.
“Our overall market is operating below the record-setting pace from a year ago and is in line with historical spring levels. It’s a different story in our condominium and townhome markets," Jill Oudil, Real Estate Board of Greater Vancouver (REBGV) president said. “Demand has been increasing for months and supply is not keeping pace. This dynamic is causing prices to increase and making multiple offer scenarios the norm.”
New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,907 in April 2017. This represents a decrease of 19.9 per cent compared to the 6,127 units listed in April 2016 and a three per cent increase compared to March 2017 when 4,762 properties were listed.
The total number of residential properties currently listed for sale on the MLS® system in Metro Vancouver is 7,813, a 3.5 per cent increase compared to April 2016 (7,550) and a three per cent increase compared to March 2017 (7,586).
The sales-to-active listings ratio for April 2017 is 45.5 per cent for all property types. This is two per cent below March 2017 and is indicative of a sellers’ market. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
By property type, the sales-to-active listings ratio is 26 per cent for detached homes, 58.2 per cent for townhomes, and 82.2 per cent for condominiums.
“Until more entry level, or ‘missing middle’, homes are available for sale in our market, we’ll likely continue to see prices increase,” Oudil said. “There’s been record building this past year, but much of that inventory isn’t ready to hit the market.”
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $941,100. This represents a five per cent increase over the past three months and an 11.4 per cent increase compared to April 2016.
Over the last three months, the benchmark price of condominiums has seen the largest increase in the region at 8.2 per cent, followed by townhomes at 5.3 per cent, and detached homes at 2.8 per cent.
“Home buyers are looking to get into the market and they’re facing fierce competition,” Oudil said. “It’s important to work with your local Realtor to help you navigate today’s marketplace.”
Sales of detached properties in April 2017 reached 1,211, a decrease of 38.8 per cent from the 1,979 detached sales recorded in April 2016. The benchmark price for detached properties is $1,516,500. This represents an 8.1 per cent increase over the last 12 months and a 1.8 per cent increase compared to March 2017.
Sales of apartment, or condominium, properties reached 1,722 in April 2017, a decrease of 18.3 per cent compared to the 2,107 sales in April 2016.The benchmark price of an apartment property is $554,100. This represents a 16.6 per cent increase over the past 12 months and a 3.1 per cent increase compared to March 2017.
Attached, or townhome, property sales in April 2017 totalled 620, a decrease of 10.8 per cent compared to the 695 sales in April 2016. The benchmark price of an attached unit is $701,800. This represents a 15.3 per cent increase over the past 12 months and a 2.4 per cent increase compared to March 2017.
Posted on
May 9, 2017
by
fabrizio zenone

IT’S set to be a big year for Apple fans, because this year marks the 10th anniversary of the first iPhone.
This means the tech giant is likely to be planning a HUGE release to mark this historic occasion, with rumours swirling over new features like a 3D camera.
The tech world is already lighting up with gossip about the upcoming iPhone 8
As always, Apple has been tight-lipped about its gadgets but that hasn’t stopped rumours from swirling.
We’ve collected together some of the iGossip, although we can’t verify all the info at this stage.
When will the iPhone 8 be released?
A view of the various iPhones released over the past 10 years
Apple had been expected expected to release the iPhone 8 in September 2017, in keeping with its annual autumn launch of major new products.
In 2016 the iPhone 7 was launched on 16 September, so a similar mid-September date seemed most likely.
Nothing has been confirmed, but Apple tends to stick to the same schedule every year. The iPhone 5, 5S, 6, 6S and 7 were all launched in September of consecutive years.
However, according to the Economic Daily News technical problems mean it could be delayed by weeks due to “technical issues” with the hotly anticipated curved screen and 3D camera.
Other rumours have suggested that delays in the handset’s new fingerprint sensor mean its release could be delayed until October at the earliest.
And some analysts believe that there won’t be a new Apple iPhone launch until 2018.
Can't stop constantly checking your phone? This handy iPhone hack will help you break the habit
What will the iPhone 8 come with?
Analysts from JP Morgan have reportedly said the iPhone 8 will come with a free pair of Airpods, Apple's cool wireless headphones.
In a briefing note seen by Apple Insider, experts suggested the Airpods would come as a free bonus.
However, the claim is unverified and has been described as "unlikely" because of the £159 cost of the wireless earphones and the huge demand which means iFans have to wait up to six weeks to buy a pair from the Apple Store.
The AirPods allow you to speak on phone calls as well as listen to music
How much will the iPhone 8 cost?
Rumours suggest that the new smartphone could be a lot more affordable than you think.
Steven Milunovich, an analyst from global financial services giant UBS, claims that Apple’s prices are expected to stay around the same price as the iPhone 7.
He said the flagship iPhone 8 will start from $850, which is around £682.
Milunovich wrote in a report seen by Mac Rumours: “Contrary to some perceptions, Apple prices quite competitively.
“Apple likes to position its entry-level products at the mid-market with ‘Pro/Plus’ products close to competitors at the high end.”
Despite the lower starting price, it’s likely that a higher storage tier will cost upwards of £800 – with some rumours suggesting that a weak pound could lead to the handset even costing £900.
What will the iPhone 8 be called?
Apple is rumoured to be planning to call its next smartphone the iPhone X in a huge break from its usual naming traditions.
Up until now, every new iPhone has been given a reasonably logical name, although Apple did slip the odd 's' after some model numbers.
In a briefing note seen by Tech Radar, analyst Timothy Arcuri of Cowen and Company said his supply chain sources has predicated a name change for the new mobile.
"It’s a name that makes some sense, simultaneously highlighting the phone’s high status and giving a nod to it being the tenth anniversary of the iPhone, with X, of course, being the Roman numeral for 10," the website wrote.
Apple unveils waterproof and wireless iPhone 7 with no headphone jack
What new features will the iPhone 8 have?
Facial recognition
Apple is rumoured to be planning to blast its biggest fans with LASER BEAMS when they buy the next iPhone 8.
But whilst this sound scary, the James Bond-esque technology may actually allow them to open up their mobile phone using their face.
An unconfirmed Apple rumour has suggested the upcoming device will use a laser to scan users' features.
This could allow them to use their own lovely face to access the gadget, rather than having to scan a fingerprint or enter a password.
"Features appear to include some form of facial/gesture recognition supported by a new laser sensor and an infrared sensor mounted near the front-facing camera and, as expected, should also finally include wireless charging," wrote Apple analyst Timothy Arcuri, according to Business Insider.
Screen and camera
The iPhone 8 is rumoured to have a stunning edge-to-edge OLED display taking up the length and breadth of the device.
It could also feature an all-glass design, according to a recently filed patent.
The patent awarded to Apple describes a device with a display that "may occupy the entire front face".
The screen will have the Home Button -- complete with super-sensitive Touch ID technology -- and its front-facing camera built in, according to leaked reports from Apple's Cupertino HQ.
It is even thought the screen could be curved, just like the latest high-tech TVs.
However, recent iGossip suggests that this prediction could be WRONG – and the cutting-edge OLED display could be held back until Apple releases an experimental version of the phone in 2018.
Depending on the model (iPhone 8 is expected to come in three versions, see below) there will also be improved Optical Image Stabilisation technology.
It has been rumoured that a 3D camera, which allows users to scan a 3D version of themselves into the phone, could be included in this version.
Rumours are the iPhone 8 (artist's impression) could be full-screen and feature wireless charging technology
It will allow for even clearer ultra-HD photographs using two cameras: a 12 megapixel wide-angle lens and a telephoto lens.
This OIS technology already features on the iPhone 7 Plus's wide-angle lens, but NOT the telephoto lens.
The telephoto lens is expected to be improved in time for the iPhone 8 launch, meaning even pictures taken from far away will be clearer and more stabilised.
It has also been reported that Apple is working with LG on a camera for the iPhone 8 that would allow 3D photographs.
It is unclear exactly how these could be put to use – however, a tech industry expertsuggested a "revolutionary" front-facing camera could use infared technology to take 3D selfies.
These cutting edge photos could then be used to create video game characters that accurately resemble the players themselves.
Light-emitting diode (OLED) panels
Apple placed orders for bendable organic light-emitting diode (OLED) panels – the kind you find on Samsung phones – to use in 70 million smartphones, according to sources speaking to Nikkei Asian Review.
OLED screens are typically used in fancy smart TVs because they offer high colour and motion quality (making it perfect for watching Netflix) without munching too much power.
Wireless charging
Taiwanese tech manufacturer Foxconn is making wireless charging modules for the iPhone 8, according to reports.
It means the iPhone 8 will reportedly be able to be charged from 15 FEET away.
It will use a built-in wireless receiver to receive power from a transmitter plugged into a socket.
A company called Energous is said to be supplying the technology it called 'WattUp'.
The firm has previously boasted WattUp technology can allow devices to be charged from the impressive distance.
No more Lightning port
It has been claimed that Apple will remove the familiar Lightning connector from the upcoming model.
Rumours suggest that the firm wants to remove the Lightning and replace it with the USB-3, which could provoke mild grumbling from people who own headphones or other peripherals which connect to the familiar jack.
Posted on
May 2, 2017
by
fabrizio zenone
DIY OUTDOOR ROLLING STUMP SIDE TABLE
So here is how you can make your own simple & thrifty DIY outdoor rolling stump side table…
And add a little rustic chic feel to your deck or patio this summer.


Do some serious sanding work on this guy.
And I mean, serious.
Put in a fair bit of elbow grease to supplement it’s measly power.

Use both of these stains to create the colour start by going over it with the Natural Oak and then add some of the Dark Mahogany to make the finish at little darker and more rich.



To add the castors space them out evenly, mark the wholes, and then predrilled the holes…

Done!

Fun, right?



Think you might want to try this?
It’s a great and inexpensive way to add a little cute rustic touch to your outdoor decor – or you could even make this for indoors as well!
Posted on
May 2, 2017
by
fabrizio zenone

A family ski trip to Whistler last month for Ivanka Trump and Jared Kushner, her husband and senior advisor to President Donald Trump, incurred a Secret Service bill of nearly $67,000.
Trump, Kushner and their three children spent four days in Whistler during Passover.
According to NBC News, U.S. government data shows that Secret Service costs for hotel accommodations and ski passes during the family’s trip to the Four Seasons Resort Whistler added up to at least US$66,538.42 ($91,400 Canadian).
“Of that amount, government purchase order records show, US$59,654 covered hotel costs for Secret Service agents at the resort near Vancouver, while $6,884 paid for ‘multi-day ski passes,'” NBC reported.
The Canadian security costs for the trip have not been released.
Posted on
April 26, 2017
by
Fabrizio Zenone

It's easy to become overwhelmed when tackling a landscaping project for the first time. With all the choices at your disposal, it doesn’t take long before your landscaping plans and budget get out of hand. Thankfully, following a few simple guidelines will help you create a well-balanced landscape to enjoy for years to come.
Think About Your Needs

A good landscaping plan should be both aesthetically pleasing and serve a physical need. Think about what you want to do with the space and plan accordingly. This might include things like providing your kids with a place to play or growing a vegetable garden. Once you make a list of needs you can start working on some rough sketches of the yard and see what is feasible. These sketches do not have to be precise, but they should give you an idea of the layout of your yard.
Create a Budget
Once you decide on a plan, it's time to create a realistic budget. Even if you only plan on starting with a garden, plants and mulch add up quickly, and that is not accounting for rental equipment and other materials. Fortunately, if you plan correctly then you should have a good idea of what your landscaping ideas will cost and avoid being surprised by a massive bill.
Consider Climate

You should always keep in mind climate changes when planning landscaping. This includes noting any patterns of the sun and wind in your area. For example, if you build a patio in an area that gets a lot of sun but doesn’t have any shade, then summertime barbeques will not be comfortable or relaxing. You can, however, mitigate some of these weather inconveniences with a little bit of planning and knowledge.
Begin With Small Changes
It's tempting to make big changes when you start landscaping designs. After all, who doesn’t want to transform their yard into a dream space? Avoid this common pitfall for beginners by making small changes at first. Not only will this be easier to accomplish in a realistic timeframe, but it also gives you room if you change your mind. This is helpful when adding plants to the landscape, especially when they start growing and filling in.
Basic Landscaping Elements

There are five basic elements of outdoor design—color, form, scale, balance, and variety. All of these elements should be taken into account in your design. Choose colors that contrast with each other without feeling too overwhelming. Form is closely associated with scale and refers to the shapes of different plants, trees, and shrubs and how they interact with each other. The trick is to create a sense of balance throughout your landscape by incorporating similar plants in different areas.
Create a Focal Point
Your landscape should include a focal point that draws the eye. The focal point can be anything from a large sculpture to a standout tree, plant, or shrub. The key is to draw the attention to the focal point, which will naturally lead the eye throughout the landscape. You can also install more than one focal point depending on the size of the landscape.
Common Mistakes

One of the biggest mistakes beginners make is not paying enough attention to size and scale. An oversized deck can make a small yard look even smaller while a large tree can easily overtake a yard and create a gloomy atmosphere. Planning ahead should give you a good idea on how to use size and scale in your yard.
Be Flexible
One of the most important things is to remain flexible in your plans. Even the best of plans look a little different in reality and need a little adjusting. If you start small and follow the basics of landscaping, then you won’t have to make big changes on the fly. Not only will this save you time, but it will also be a little easier on your budget in the long run.
Posted on
April 26, 2017
by
Fabrizio Zenone

Affordability in Vancouver has improved slightly following the implementation of the foreign-buyer tax in August, but it remains a “major vulnerability” in the city, according to an RBC report released April 24.
This doesn’t mean a crash is likely, however, because the city’s employment situation is solid, according to the report.
The jobless rate in the city has fallen to 4.7% – the lowest it has been since 2008, and this trend is expected to continue, providing “substantial support” to the housing market, according to RBC.
One factor that could lead to vulnerabilities in the medium term is a declining adult population growth rate. Between March 2016 and March 2017, the growth rate was 1.4%; this is down from 1.9% over the previous year. According to RBC, this means the growth rate has dipped below a 1.5% threshold that signals the existence of elevated housing risks.
The market’s demand-supply balance has eased over the past year, moving away from a strong seller’s market. This happened quickly, with policy changes over the past several months lowering price expectations between September 2016 and January of this year, particularly for single-detached homes. Prices increased slightly in February and March, however, which RBC said is due to many foreign buyers returning to the market after initially stepping aside after the 15% tax was implemented.
Posted on
April 18, 2017
by
Fabrizio Zenone

Despite home prices dropping on a quarterly basis for the first time in four years, a new report suggests the housing market in Metro Vancouver is beginning to rev up once again.
Early evidence suggests the recent correction in Vancouver’s housing market may be short-lived, rebounding far sooner than expected. The realty firm says Canada’s two largest real estate markets continued their divergence in the first quarter of the year.
The aggregate price of a home in the Greater Toronto Area went up by 20 per cent in the first three months of this year to about $759,241. In the Greater Vancouver area, the price of a home rose 12.3 per cent year-over-year to $1,179,482.
No area has grown more over the last year than Langley where prices have jumped 21.2 per cent to an average of $794,213. Surrey remains the most affordable at $763,806. And the most expensive area is West Vancouver where the average price for a home is $3,306,286.
The correction in Vancouver began seven months ago, around the same time the provincial government introduced the 15 per cent foreign buyers tax to try and cool the market. Sales volumes then plunged and prices slowed. However, in the past month, sales in the Vancouver area have jumped by close to 50 per cent on a month-over-month basis.
It is possible that six months of pent-up demand will be unleashed on the market, sending prices sharply upward again; this when the pre-intervention 2016 trend was a natural market slowdown based on eroding affordability.
Across the country, the aggregate price of a home grew 12.6 per cent year-over-year to $574,575 during the first quarter. The price of a two-storey home climbed 13.9 per cent year-over-year to $681,728, while the price of a bungalow rose 10.9 per cent to $490,018. Condo prices increased by 8.9 per cent to $373,768.
In Calgary, home prices were up only 0.6 per cent to $461,635, while in Edmonton they rose 0.3 per cent to $381,733.
Canadian home sales jump
The Canadian Real Estate Association says home sales last month hit a record high.
The association says home sales over its Multiple Listings Service system increased by 1.1 per cent in March to top the previous monthly record set in April 2016.
Sales were up on a month-over-month basis in more than half of the local markets measured, led by Greater Vancouver and the nearby Fraser Valley.
Compared with a year ago, sales were up 6.6 per cent as gains in the Greater Toronto Area led the way.
Finding a solution for affordable housing
The Greater Vancouver Board of Trade is out with a list of suggestions and recommendations for addressing the affordable housing issue. A forum is being held on the issue later today and one of the keys is something called “the missing middle.”
That term refers to a number of different multi-unit housing styles like courtyard apartments, triplexes or laneway homes (currently only available to renters), targeted at those in need of affordable options and often for people transitioning from single-family homes to higher density.
Board Chair Iain Black says it’s something often overlooked or ignored by planning departments. “If all the municipalities start to use a lens of the missing middle on all of their discussions when it comes to development policy i.e. What’s going to get built and land policy, i.e. Where’s it going to get built? Then this issue will get addressed in due course.”
He adds the affordable housing crisis across the region is hurting our economic prosperity. “If we want to attract 25 to 35-year-olds, who are the key to driving our economy forward from this point, we need to address housing demand for that demographic. Cities are the key drivers in this conversation.”
Black admits increasing density is a necessity when it comes to creating more supply. “More variety does mean more density. Because there are many different types of housing that we currently haven’t embraced yet. And if you look at other major cities in the world with a 100 or 200-year head start, they’ve already got all these various housing options already being implemented in the different communities,” says Black.
The board also wants more of a regional approach to the problem. “We’ve got a housing affordability issue because of the high demand for housing coupled with inadequate volume and the lack of diversity in terms of the type of housing available. And various options that people have in terms of getting into that housing, ownership, rental, co-ops, et cetera,” says Black, expanding the idea to include bungalow courts, multiplexes and live-work spaces.
Streamlining the development approval process by allowing for concurrent applications is also on the list. The board also calls for a uniform development approach across the region and pre-zoning for transit-oriented development near transportation hubs.
Posted on
April 18, 2017
by
Fabrizio Zenone

Parties showed support for housing suggestions presented by the industry; one party said it would increase BC’s foreign buyer tax.
CMBA presented a position paper, which outlined the association’s recommendations for addressing housing issues in BC, to a number of government representatives last week.
The paper was “generally supported” by both the Liberal and NDP representatives at the meeting, according to Samantha Gale, executive director of the Canadian Mortgage Brokers Association.
“David Eby said the NDP would scrap the BC HOME Partnership program which gives a no interest, payment free second mortgage to first time home buyers, as he believes this program creates demand for housing and the government should instead be focussed on helping to create housing supply,” Gale said in an email to MortgageBrokerNews.ca. “He said, instead his party would focus on giving money to renters – their policy is to give tenants $400 per year.
“The representative for the Green party would increase the foreign buyer’s tax to 30%, and eliminate property transfer tax for BC residents if the property was under one million dollars.”
CMBA-BC joined a number of real estate associations – including the Real Estate Board of Greater Vancouver, Fraser Valley Real Estate Board, BC Real Estate Association, Real Estate Institute of BC, Greater Vancouver Home Builders' Association, Canadian Home Builders' Association -Fraser Valley, Canadian Home Builders' Association - BC, Urban Development Institute - Pacific Region, and Landlord BC – in hosting a housing and mortgage forum with representatives from BC sitting political parties.
“The CMBA-BC organized the forum to give members of the mortgage industry an opportunity to address mortgage and housing issues to the candidates and to assist them in deciding how they will cast their vote in the coming provincial election,” Gale said.
Government representatives at the forum were Liberal Rich Coleman, Minister of Housing, NDPB housing critic David Eby, and David Young from the Green Party.
Housing issues have become hot button issues for government officials at both the provincial and federal levels.
The industry has been doing its best to advocate for broker and Canadian interest, with both CMBA and Mortgage Professionals Canada engaging in a number of housing-related meetings with members of all government levels.
And with elections and budgets on the horizon, it’s likely we’ll see some housing policies released in the coming weeks. Hopefully government officials heed the industry’s advice.
Posted on
April 13, 2017
by
fabrizio zenone

Just as people speak of "spring cleaning" tasks performed to freshen up a home that has been shuttered up all winter, so lawns and the rest of your landscaping need some TLC at this time of year, to prepare your yard for the growing season. A spring yard cleanup checklist can be divided into five categories of related tasks, one of which truly does involve something of a cleansing: the removal of refuse (natural or otherwise) from your grass and planting beds.
The other types of tasks discussed below involve getting your yard ready for gardening:
A thorough spring yard cleanup readies your lawn and landscaping for summer, but it can accomplish more than just that. In some cases, it will save you from headaches farther down the road.
Spring Yard Cleanup With Rake, Trash Bags and Scissors
In this first category of spring yard cleanup tasks, you will be picking up after Old Man Winter and any other slovenly bad neighbors you may have to put up with. Roll up your sleeves and start removing:
- Litter and dog feces
- Dead grass, leaves, pinecones, etc. on lawns
- Dead leaves and stalks on perennials
Unfortunately, many neighborhoods contain at least a few thoughtless individuals who insist on being litterbugs. One of the first spring cleanup tasks to tackle is removing the litter they've deposited in the yard over the course of the winter, the sight of which tends to put a damper on even the most pristine April day.
Don some heavy work gloves for this task, as it may involve removing broken glass.
Another unpleasant task in spring yard cleanup is dog waste disposal. It's especially unpleasant when you have to clean up after someone else's dog. There's not much you can do to stop litter, but there is something you can do to help keep other people's dogs from defecating on your property: Begin researching dog repellents.
You don't want to be out there all summer long with a pooper-scooper, do you? And no, don't compost dog feces, for the same reason you shouldn't try to compost cat poop: Carnivore feces contain pathogens, the removal of which through the composting process is best left to experts.
With the less wholesome aspects of spring cleanup out of the way, let's move on to lawn care. If you raked leaves thoroughly in the fall, you've aided your chances of avoiding the fungal disease known as "snow mold." But, inevitably, there will still be some stray leaves to rake come March. That's all right, because even without leaves you would want to break out the rake as part of your spring cleaning work on the lawn. Why? Because a deep raking will also help control thatch build-up.
While you're raking the lawn, you'll also want to remove pinecones or any other instances of "nature's refuse." Pinecones don't break down particularly easy in a compost bin, unless they are first shredded. Some people use pinecones in craft projects, such as making kissing balls, but, for the rest of us, they're just a nuisance.
Spring cleanup in the perennial bed begins with removing any dead leaves and stalks from perennials and ornamental grasses that you didn't remove in fall.
Scissors often work better than pruners for this task (you can get into tight spaces easier with them). For more on spring cleanup in perennial beds, see below.
Spring cleaning outdoors can be tackled in a much more joyous state of mind if you dangle a carrot in front of your nose the whole time. By "carrot" we are talking here about the reward with which tidying up outside culminates: planting and transplanting. But first things first. Let's take a look at preparing beds, before getting to planting and prevention issues.
Preparing Planting Beds and Fertilizing
In established perennial beds that performed well the prior year, working in some additional compost around your plants to fertilize them is the best thing you can do (beyond the tasks already discussed). Also remove weed plants as you encounter them (plus old, dead growth you didn't remove in the fall) -- no sense in letting them get ahead of you.
While on the subject of compost, note that it's not just for planting beds. Most all of your plants (including the grass in your lawn and your trees and shrubs) will enjoy a feeding of compost in the spring (later in the year, too, for that matter). The great thing about using compost as a fertilizer is that you never have to worry about burning plants with it. Compost is nature's slow-release fertilizer.
If you must use chemical fertilizers, always be careful to follow the application directions, because chemical fertilizers will burn plants when used in excess. The one chemical fertilizer that really is convenient (at least in theory) is the "Weed and Feed" type that contains a preemergent herbicide to prevent crabgrass (see below).
To open up brand new planting beds, you have a few options, including:
In particularly rough areas, you may wish to consider soil solarization.
If you've just opened up a planting bed by breaking new ground, you can be sure that weeds will find it quickly ("Nature abhors a vacuum," as the maxim says). That's why, in some situations, it's smart to lay a landscape fabric over the ground, and cover it with a layer of mulch (the mulch protects the landscape fabric from harmful UV rays). Many don't like landscape fabric in vegetable planting beds, where gardeners like to be able to reach down, scoop up a handful of soil, and admire its fertility up-close and personal; go with just a straight mulching here (straw is a favorite), if you feel the same way. But in a shrub planting bed, these weed barriers are a great ally in helping you achieve a low-maintenance yard.
Planting in Your Prepared Flower Beds
Now for the "good part": Let's get planting!
Early spring is a good time to install trees and shrubs and to plant perennial flower borders, as long as they're hardy perennials. For annuals and tender perennials, wait till the last frost date has passed for your region (in New England, U.S., this was traditionally late May, when Memorial Day decorations are set out).
In the North, you can also start new lawns in spring or overseed a lawn that you already have. However, if you will be applying a preemergent herbicide in spring to control crabgrass (see below) in an existing lawn, it may be better to overseed in the fall.
Prevention: Crabgrass, Garden Pests
Sometimes it's easier to fight weeds before they even emerge, rather than waiting till they rear their ugly heads. The use of landscape fabric and mulch was mentioned above in the context of garden beds, but you can't use either of those on a lawn. That's where preemergent herbicides come into play, particularly for crabgrass control. Spring is the time to use a preemergent herbicide on crabgrass, and timing is of the essence. Crabgrass seed germinates when soil temperature reaches 55-60 degrees Fahrenheit. You need to apply the preemergent herbicide prior to this juncture. But who wants to keep sticking a thermometer in the ground to see if it's time yet, right? There's a more convenient method, used by the old-timers, and it involves keeping tabs on the flowering shrubs in your area. According to this method, just apply the preemergent herbicide sometime between the time the forsythias stop blooming and the lilacs begin blooming.
Garden pests pose another challenge that can best be addressed by taking preventive measures, in many cases. Many gardens need to be protected with rabbit-proof fences or deer fencing. In regions plagued by deer, it's a smart idea to plant deer-resistant plants where fencing isn't an option. An even greater number of gardeners are well advised to look into growing rabbit-proof flowers.
When Is the Best Time to Prune Shrubs?
Many readers ask, "When is the best time to prune shrubs?" There are different reasons to remove wood from shrubs. If we're talking about old, dead wood or wood recently damaged by winterkill, then the question is quite different in nature from when we're discussing healthy wood.
Yes, trees and shrubs can often profit from a bit of spring cleaning, too. Dead limbs and winterkill on branches should be pruned off. This is the easy part of pruning: Remember, you can't go wrong pruning off something that's already dead. And life and death are "color coded" on trees and shrubs, just beneath their bark, with brown signaling death, green life. The key is determining where the brown ends and the green begins, which you can learn more about in this piece on what to do about dead limbs on a magnolia.
But when is the best time to prune shrubs, in terms of healthy wood? Here, the question is different, because you can go wrong with your timing. And while dead branches should always be removed, the necessity of pruning off live branches is often determined by one's eye for beauty on a small shrub (to give it a more aesthetically pleasing shape).
The best time to prune shrubs in order to shape them varies from shrub to shrub, so let's begin with the broadest groupings of shrubs and work our way down to the shrubs that we should prune in early spring (if, in fact, our eye for beauty tells us they need pruning at all):
The question of the best time to prune flowering shrubs is the one that causes people more trepidation every spring, since improper pruning will result in the loss of the blossoming displays to which we so look forward all winter long. To simplify, think of it this way:
- Shrubs that bloom in spring have to have their buds already in place, on old wood (last year's growth), so that they're ready to kick into action when the warm weather comes; if you prune these branches off, you lose the flowers.
- But shrubs that bloom later in the year don't need that head start, blooming instead on new wood (growth produced in the current season).
Group 1 above includes flowering shrubs such as:
Wait to prune such shrubs until after they have finished blooming.
Group 2 above includes flowering shrubs such as:
You can go ahead and prune such shrubs in late winter or early spring, if you wish, without fear of losing blooms.
Plant Care in Spring: What About the Mulch Covering Perennials?
Regarding any deep layer of mulch you may have had covering your perennials during the winter, it is a good idea to monitor the situation to determine when to pull it away, so that the perennials can come through unhindered. An exact date cannot be provided for when to remove the mulch protecting your perennials: You have to play it by ear, and when exactly you remove such mulch will, obviously, vary according to where you live. But if you've applied a deep layer of mulch, it will eventually need to be scraped away from the ground immediately under which your perennials lie, as otherwise it may smother the perennials. The best approach, once the ground is starting to thaw, is to begin checking, in late winter or early spring, to see whether your perennials are pushing up. If they are, remove the mulch when it's warm out but replace it when the cold returns (until the cold stops returning altogether).
Plant Care in Spring: Dividing Perennials
Finally, some perennials can profit at times from being divided. Most perennials can be divided in spring, but there are some noteworthy exceptions. For examples, you'll want to consult the full article on dividing perennials.
Posted on
April 13, 2017
by
fabrizio zenone

There are two camps firmly entrenched on the banks of the Lower Mainland. One group argues that from an historical perspective, real estate always goes up. These people are convinced this trend will continue, despite signs of froth from record-breaking sales over the last decade. Another camp is convinced that the B.C. marketplace is being propped up by nothing but pure speculation. They figure a crash is imminent.
Meanwhile, anyone buying or selling is caught in the middle. While 2016 saw some historically high sale prices across the Lower Mainland, it was also the year that some of the market’s hot air started to slowly leak out. Various real estate boards reported fewer listings and, subsequently, a drop in sales. Worse: certain areas in Lotusland began to see price drops, some areas (when you factor in all types of real estate like condos and townhomes) have fallen as much as 20%. Yet, the market keeps going. Buyer demand combined with low inventory keeps the pressure on sale prices, while large and small developers scramble to buy anything on solid ground.
What’s a buyer to do? The best way is to buy based on solid fundamentals. In real estate this means finding good-value neighbourhoods that offer a good chance of continued momentum in the future. That’s not easy in a hot market, but this year’s Where to Buy Vancouver list shows it is possible.
But this also means that potential buyers can now find deals in some of Vancouver’s most expensive neighbourhoods—as long as you don’t mind an average home price that creeps up to the $2.8 million mark.
Great schools, amazing amenities and views that are worth buying, that’s what keeps buyers interested in West and North Vancouver. For those who don’t want to negotiate bridge traffic, Port Moody’s continued investment in development—and the completion of its Skytrain stop—has turned this area into a high-value neighbourhood that offers a balance between lifestyle, commuter distance, and house size.
Just keep in mind that in the Lower Mainland, value isn’t a synonym for cheap.
Scroll down to see the top 25 neighbourhoods across all of the Greater Vancouver Regional District (GVRD) ranked. Also find separate rankings based on Central Vancouver, North Shore and South Fraser neighbourhoods.
Greater Vancouver Regional District at a glance…
Where to buy Vancouver real estate
Posted on
April 5, 2017
by
Fabrizio Zenone

Vancouver Buyers Market Vs Sellers Market
First-Time Buyer Market (FTBM) are the age people are most likely to buy a home, highlighted in purple. Sellers Market (SM) is the age people are most likely to sell their home, highlighted in blue.
Vancouver’s Buyers Market
The First-time buyer market (FTBM) is in purple. This is the age group of people who are most likely to buy their first home, and plays an important part in the market. Without these buyers, middle-aged homeowners won’t have upward mobility, and they won’t be freeing up starter homes. Not everyone in this group will be able to buy, but it gives you an idea of the size of market.
Looking at projections provided by the BC government, the numbers are kind of mixed. In 2016, this pool is 185,937 people. By 2029 this will grow 1.29% to 188,341 people. Not large growth, but any growth is better than none. By 2041, this group falls 11.14% to 167,356 people – not a good sign. 2041 seems like it’s far away, but this is when 2016’s buyers will be making the last of their mortgage payments.
To contrast, the City of Toronto will grow 15%, and 5.6% respectively, over the same periods of time.
Vancouver’s Sellers Market
The sellers market (SM) is in blue. This is the largest group of sellers, and people most likely to exit the market in one way or another. People in this age group are likely to retire to the ‘burbs, move in with their adult kids or assisted care, or go to that farm your dog went to when you were 5 years old. This is another important part of market mechanics.
The population growth in this segment is much stronger. In 2016, we have 97,713 people in the group. The population estimates are predicting this number will soar 45% to 142,280 people. By 2041 we see that number increase another 20%, to 170,900 people. Sure the population continues to grow, but without comparing it to another demographic you can’t really make any predictions.
Net Flow Of Vancouver Real Estate Buyers
Now this is the important part, how do these number balance in relation to each other. You could have guessed there’s more people that want to buy than sell right now. In 2016, the segment of people aged for first time buys is 88,224 people larger than the selling segment. In 2029 it declines by 47.8%, leaving 46,061 more potential buyers than sellers. By 2041 that number declines a massive 107% to negative 3,544 people. This means the sellers group will likely be a lot larger than the buying group. This is important because typically more sellers than buyers leads to a buyers market (i.e. lower prices).
Posted on
April 5, 2017
by
Fabrizio Zenone

VANCOUVER — Home sales in Metro Vancouver are bouncing back after a dismal February, but the Real Estate Board of Greater Vancouver says transactions are still almost 31 per cent below the March 2016 record.
The board says a shortage of property listings and strong demand, especially for condos and townhomes, propelled the market in March.
Board president Jill Oudil says sellers still seem reluctant to put their homes on the market, creating stiff competition for homebuyers.
The numbers of new listings haven't been this low since March 2009.
Oudil says the competition also means home prices are likely to continue to increase until we see more housing supply coming on the market.
The composite benchmark price in March for all residential properties in Metro Vancouver is over $919,000, a 1.4 per cent increase compared with February.
- See more at: http://www.timescolonist.com/fewer-listings-strong-demand-helps-vancouver-area-real-estate-rally-1.14055096#sthash.6Bnhlk2W.dpuf
Posted on
April 3, 2017
by
Fabrizio Zenone

With the 2017 Discovery Pass, you will have unlimited opportunities to enjoy national parks, national marine conservation areas and national historic sites across the country!
- You only need one pass for your group or family if you are travelling together. The 2017 Discovery Pass is valid for any group of visitors entering a national marine conservation area or historic site together or arriving in the same vehicle at a national park.
- If you are travelling within eight weeks, we recommend that you obtain your Discovery Pass upon arrival or pick it up in person at one of these locations.
- The Discovery Pass ensures free entry only to places managed by Parks Canada. It does not apply to provincial, municipal or private parks, nor to the many historic sites not managed by Parks Canada. Please refer to the complete list of Parks Canada places when planning your visit to take full advantage of the Discovery Pass.
- The Discovery Pass may not cover activities such as guided tours, parking, and other programs and services.
- Camping, backcountry overnight use, and accommodation fees are not included with the Discovery Pass.
- Validity period: January 1, 2017 to December 31, 2017.
- Display: The 2017 Discovery Pass must be hung from the rearview mirror of the vehicle facing forward, or placed on the front driver side dashboard facing up.
If you have questions regarding the above information, please contact our National Information Service at 1-888-773-8888 or information@pc.gc.ca.
Posted on
April 1, 2017
by
fabrizio zenone

For the first time in almost three years, overall housing affordability actually improved—a little—in 2016’s fourth quarter, but this was not the case for the condominium market.
According to RBC’s Housing Trends and Affordabilityreport released March 30, it was more difficult to afford a condo in the Vancouver area in Q4 than it was a year—or even a quarter—ago. The affordability measure was 46.1% in Q4, which means it took 46.1% of the median household income to cover the cost of owning a condo at market price in the region. This is up 0.2 percentage points compared with Q3 and an increase of 4.8 percentage points year-over-year.
In its report, RBC said this was the seventh consecutive quarterly increase for this measure.

For single-detached homes, affordability eased in the quarter, falling 6.6 percentage points. Year-over-year, however, it represents a 14 percentage-point increase. The city still remains the most expensive in the country by far, with the measure sitting at a staggering 121%, which means the cost of owning a house exceeds what the average family makes. It is also more than double the national average of 49.2%. The second least affordable city was Toronto, with a measure of 77.6% – up 10.3 percentage points year-over-year.

For all home types, the aggregate measure was 84.8%, which was a quarterly decrease of 5.2 percentage points but a year-over-year jump of 7.1%.

RBC said affordability measures assume a 25% down payment and a 25-year mortgage on a five-year fixed rate. It uses current home prices as compiled by Brookfield RPS.
Posted on
March 27, 2017
by
fabrizio zenone

If you think the BC Liberals got tough on foreign buyers last year, get ready for an even rougher ride for foreign nationals buying B.C. homes if the BC NDP wins the May 9 provincial election.
On August 2, the Liberals slapped a 15% foreign-buyer tax on resale home purchases in Metro Vancouver, a move largely blamed for a subsequent collapse of detached house sales, which immediately plunged as much as 70% in higher-priced municipalities. In February, seven months after the tax was introduced, Metro Vancouver detached sales remain 47% below the pace of a year earlier and average prices have fallen 4%.
Based on real estate board figures, the tax has wiped $2 billion in equity out of the Metro Vancouver housing market, or about twice what B.C.’s Ministry of Finance had expected.
In a recent forecast, the Canadian Real Estate Association said B.C. housing sales will plunge 17.5% in 2017, the worst year-over-year decline in Canada.
Last month, the province moved to water down the foreign-buyer tax, lifting it on international citizens who hold a B.C. work permit and pay taxes in the province. Premier Christy Clark also suggested there might be compensation for such people who had paid the tax on a home purchase.
But the original tax was not broad enough, said David Eby, the NDP housing critic and MLA for Vancouver Pont Grey.
“The problem with the foreign-buyer tax, unfortunately, is it doesn’t affect anyone who got into the market before the tax was introduced,” Eby told Business in Vancouver.
Eby said that, under the NDP’s proposed Housing Affordability Fund and Speculator Fee Act, a foreign national who did not pay taxes in B.C on his or her income would be subject to a retroactive foreign-buyer tax on all B.C. home purchases, regardless of how long the properties had been owned. Eby said an NDP government would apply a 2% tax on the assessed value of all such property.
The NDP would also close what Eby termed two “loopholes” in the foreign-buyer regulations: the use of trusts and other corporate vehicles to disguise home ownership and the exemption on transactions of pre-sale condo assignments.
Currently, the foreign-buyer tax does not apply to any foreign national who sets up a company in B.C. as long as no more than 25% of the shares are owned offshore, said Christine Duhaime of Duhaime Law in Vancouver, who is considered an expert on Asian real estate.
The tax also does not apply to a trust.
Eby said the NDP would require that the owners of the property be disclosed and “whenever the beneficial benefit is transferred, through selling shares in the company, or any manner, the property transfer tax would have to be paid.”
The NDP would also move to police and tax transactions of sales contracts for pre-sale condos. These are know as assignment sales.
According to the Finance Ministry, all pre-sale contracts on new homes, not just condominiums, are exempt from property sales tax until the home is finished and a title transfer completed.
“[The Liberals] left the speculation of pre-sale condos out of the tax,” Eby said, suggesting it was done to benefit its major donors in the real estate and development industry.
He added that the NDP would require registration of all pre-sale contracts on new homes, and the foreign-buyer tax would be triggered by the sale of such registrations, not just on transfer of title.
Metro Vancouver real estate agents say such extra regulations and restrictions would increase uncertainty in a residential market that is already struggling.
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