February 26, 2013
CHEAP EATS VANCOUVER: WHERE TO FIND THE BEST BUDGET FOOD IN TOWN
by TARANEH in FOOD & DRINK on February 25, 2013 for InsideVancouver
Vancouverites are always looking for cheap eats – an inexpensive bite with flavour to match the value. But that’s not quite enough. We want to eat this bounty in a hospitable atmosphere. So where do we go for quality cheap food?
It can’t be that hard to pin down. According to The New York Times, “The number of truly outstanding restaurants in Vancouver is astonishing, and the prices are ridiculously low when compared to other food capitals.”
Whether you’re looking for a filling breakfast, an affordable beer snack, rib-sticking dinner or something to satisfy your sweet tooth, here are some of your best bets...
February 25, 2013
New Area Codes
Are you ready for the new 236 area code coming to British Columbia in June 2013?
List of current area codes in BC:
250 - most of British Columbia including Vancouver Island
604 - covers the City of Vancouver, the Lower Mainland, Sunshine Coast, Howe Sound and lower Fraser Valley.
778 - cell phones overlays with 604 and 250
The new 236 area code will be introduced in BC starting on June 1, 2013 and will overlay with 604, 250 and 778
February 25, 2013
Canada’s home builders scale back
The Globe and Mail
Published Friday, Feb. 08 2013, 8:51 AM EST
Last updated Friday, Feb. 08 2013, 1:43 PM EST
Canadian housing starts dropped sharply in January, coming in far below expectations, as home builders scale back, notably in Toronto’s condo market.
The number of starts sunk to 160,577 units during the month, down from 197,118 in December, Canada Mortgage and Housing Corp. said Friday.
In Toronto the figure came in at 16,800 units for January, compared to 49,800 in December.
“Home building, especially in multiunit starts, slowed in January after experiencing elevated levels of condominium apartment starts throughout 2012,” stated Shaun Hildebrand,...
February 23, 2013
Should you buy a fixer-upper?
2/15/2013 8:00 PM ET
A battle-tested renovator offers some hard-won advice on choosing a suitable house and knowing whether you're really up to the task.
Fixer-upper (noun). A home you purchase at a reasonable price, but one that requires an unreasonable amount of money in repairs and renovations.
OK, so I made up that definition, and it's not always true. Buying fixer-uppers can get you more house than you would normally be able to afford at a reasonable price. They can be pleasantly inexpensive. But they can also be money pits, masquerading behind a façade of charming woodwork and arched doorways.
As tempting as the purchase price can be for houses that need a little TLC, you must assess...
February 20, 2013
Top 10 Remodeling Projects That Offer the Biggest Returns
On February 18, 2013, in Home Trends, Remodeling Adviser, by Melissa Tracey
By Melissa Dittmann Tracey, REALTOR(R) Magazine
Home owners are investing in their homes once again, according to recent industry surveys that point to a strong rebound taking hold in home remodeling. Home owners also may be seeing higher gains from some of these remodeling projects at resale, according to the most recent Cost vs. Value Report, which reviews the top remodeling projects that offer the highest returns at resale. The Cost vs. Value Report is conducted each year by Remodeling Magazine, in conjunction with REALTOR(R) Magazine.
So, which remodeling projects offer the potential for some of the biggest pay-backs at resale? The following mid-range...
February 19, 2013
Trump Tower Vancouver to be city’s second tallest skyscraper
Five years ago, plans were first announced for an Arthur Erickson-designed Ritz-Carlton Hotel tower at a site across the street from the Shangri-La Hotel. The project, also known as 1133 West Georgia, was temporarily put on hold when the 2008 recession hit. It was revived one year ago when markets showed signs of improvement, but without the Ritz-Carlton’s brand nor involvement. According to a CBC report, the project’s developers are now working with Donald Trump to give the tower more marketable potential. The skyscraper will be the second in Canada to be given the Trump brand – the Trump Tower Vancouver.
1133 West Georgia has been known to developer...
February 18, 2013
Tighter mortgage rules might be ‘insufficient’ to curb household debt
by Erica Alini on Tuesday, February 12, 2013 7:00am
Targeted rules are often a better way to deal with a buildup of risk in the economy than monetary policy, BoC Deputy Governor Timothy Lane said in his prepared remarks for a speech he gave today at Harvard University. So, for example, if households have gone on a borrowing binge and house prices are inflated, you’d be better off tightening mortgage regulations than raising interest rates. Tougher mortgage rules target the housing market specifically; an interest rate hike would also hit exporters by causing your home currency to appreciate—unless other countries...
February 17, 2013
Developers bullish on Metro condo market ‘Well-priced’ units near amenities, rapid transit have the advantage
By Tracy Sherlock, Vancouver Sun
Read more: http://www.vancouversun.com/Developers+bullish+Metro+condo+market/7955341/story.html#ixzz2L8IR9Jt2
Station Square is a five-tower development near Metrotown in Burnaby slated to have units ready for occupancy by 2015.
Photograph by: Colin Goldie Productions
Sales of new condominiums slowed in the second half of 2012, but there has been a slight increase in activity during the first six weeks of the new year, said Jeff Hancock, a senior manager with real estate market firm MPC Intelligence.
“There were some moments of brilliance, for sure; there were some products that did really well in the second half of the year as well,” Hancock said Tuesday after...
February 17, 2013
Will you soon be able to "buy" a secondary suite in Vancouver with strata ownership?
Don Cayo: The case for strata ownership of secondary suites Move would increase the supply of affordable homes, advocates say
By Don Cayo, Vancouver Sun
Metro Vancouver’s myriad secondary suites — often built illegally in the early days, but increasingly inclined to have the blessing of their city or district council — have long been a major source of affordable rental units in the region.
Could they soon play as big a role in providing affordable homes for people to buy?
Yes, say some smart folks who think about these things. I talked to a couple of them — North Shore realtor Dave Watt and Vancouver developer and consultant Michael Geller, who are independently and in different ways starting...
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