More Uncertainty for Millennium Water

Georgia Strait is reporting some tenants in the ex-Olympic Village are encountering higher than expected utility bills:

The group managing two City of Vancouver–owned housing properties at the Olympic Village is hearing complaints from residents about excessive energy bills.
Thom Armstrong, executive director of the COHO Management Services Society, admitted that his group also wants some answers.
“As to the level of the invoices, we have some questions about that ourselves,” Armstrong told the Georgia Straight in a phone interview.
Unlike many residents outside the Olympic Village, which has been touted as a model of a sustainable neighbourhood, residents of the Southeast False Creek development are charged two bills for energy.
One is for electricity consumption, and this bill comes from B.C. Hydro. Then there’s a bill from Enerpro Systems Corp., a North Vancouver–based company. According to information that Enerpro put out about its billing, the charges cover “heating, cooling, hot water, and cold water”.

It’s not necessarily that utility bills are higher than other units — though they may well be — but the uncertainty for future owners and tenants make this development all the more the black sheep. We already know the current rental environment is a “renter’s market” so to ensure that units can be filled the City may find it needs to take on more utility liability. But in terms of reducing energy consumption…

Armstrong said, “… I still very much support the notion of individual energy metering, because that’s the only way to create any incentive to lower energy use and lower the carbon footprint. So I think, on principle, it’s what we want to do. We just want to make sure that the system is working the way it should be.”

Indeed. When economic and carbon footprints collide, who pays, exactly?

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Anonymous
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Anonymous

Vancouver All Areas*

New Listings – 269

Back On Market Listings – 3

Price Changes – 104

Sold Listings – 113

Anonymous
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Anonymous

New Listings – 269

Back On Market Listings – 3

Price Changes – 104

Sold Listings – 113

*Attached & Detached – Date: 06/30/2011

Patiently Waiting
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Patiently Waiting
If you are a native Vancouverite, you can never escape the real estate insanity even if you opt-out yourself. I’m steaming mad right now. My sister and BIL just bought a more expensive house. From what I understand, their mortgage jumped from a managable quarter million to a more difficult half million. They are both quite successful so I thought nothing at first. They also have two young children, aged three and one. I recently just got a panicked call from my 65-ish Mom. She needed me to come over to watch the kids because my 65-ish Dad had a medical appointment (I’m on vacation, so she knew I was available). Uhhhh, why are my parents taking care of my rich sister’s children? I don’t know how much FREE babysitting their doing, but it is up to 20 hours a… Read more »
Chris
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Chris

Patiently Waiting:

Don't mad over babysitting grandkids. Some grandparents get upset if you send the kids to daycare.

Patiently Waiting
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Patiently Waiting

@Chris: The whole point is, sis could either take time off or pay for childcare if she didn't go so heavily in debt. I've babysitted before in emergencies, but she can't expect family to constantly subsidize her real estate speculation (her old house was quite fine for raising two children).

space889
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space889
@YLTN @ Work: Hmmm and where do you think the money and resources will come from to feed the people and provide plumbing if China stuck to dirty highways and rundown roads instead of building state of the art infrastructures that provide jobs to tens of millions of migrant workers, allow for easier transportatino of goods across the country, boosting economic competitiveness, etc? Without sacrificing and investing the money in modern infrastructure how can China hope to grow its economy the way it has over the last 3 decades which in turn generates the money and job opportunities for the rural workers who turns around and spend the money in their home village to build better housing and such? Oh wait, I forgot, China should have just stuck to the agarian economy and providing cheap slave labour for the West,… Read more »
space889
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space889
@Best place on meth: What you did is equivalent of visiting Vancouver with a preconceived notion of what it is, stayed in a SRO in DTES for a few months and never venture outside of it, and then go home proclaim Vancouver is exactly as you thought it is, a shithole that’s the den of human misery. All that gleaming glass towers a few blocks down in Vancouver downtown? That’s nothing more than a fascade put on by Vancouver to showcase what a great city it is even though it really is just a piece of shit city. You are absolutely right, I am an idiot who blabs and flab garbage and don’t know what I’m talking about. I had thought Canadians with an university education can actually think critically, go check out something with an open eye and mind,… Read more »
space889
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space889

@Patiently Waiting: Hmm….so you are basically saying woman shouldn't really work full time and keep their career if there are kids? Or spending putting kids in daycare is better than having them spend time with the grandparents? Grandparents taking care of grandchildren is just subsidized childcare?

Also there is nothing preventing your sis or her husband from taking a vacation day that day.

If the extent of your love for your sister and her children goes only so far as I will only babysit when it suits my schedule, that doesn't sound like you really love them.

Anonymous
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Anonymous

"I will always, always, remember this in all my future deals with Canada and Canadians."

so what are you saying? you are not a canadian? Or if you are a canadian, do you mean to say you will always remember that when you are dealing with yourself? that could get pretty confusing, don't you think?

Patiently Waiting
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Patiently Waiting

@space889: My sister (and bil) would have a variety of options if they didn't take on so much debt.

My parents still run a business to support themselves and they are clearly doing more than typical grandparent duties. This is exhausting for them, and I want to look out for them. My sister is crossing the line.

No, as an Uncle I owe no child-rearing responsibilies. I'm good to them, and I'll help in true emergencies. My Aunts and Uncles never were expected to take care of me, and Grandparents only on occasion.

Troll
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Troll

@space889: Here’s a tip from a Troll. If you want to troll you need to keep your posts shorter, nobody wants to read a 4 page diatribe. Keep it short. Nice anger though.

VanRant
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VanRant

I hope the clowns, Mr "C" and "F" are listening.

"The European Central Bank raised interest rates for the second time this year on Thursday and signalled further policy tightening to come to tackle inflation despite the euro zone’s intensifying debt crisis."

From today's Globe and Mail.

Best place on meth
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Active Member
Best place on meth

@Anonymous:

>>>so what are you saying? you are not a canadian?<<<

I don't think he is Canadian. He sounds like a party shill plastering this blog with pro-Chinese propaganda from his office in Beijing.

Maybe VCI is about to be subjected to cyber-attacks from the motherland, another specialty of those scumbags.

Anonymouse
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Anonymouse

@space889:

I've been to China too, and I thought it was a great place. The people were super friendly, it felt like a very safe place, trains etc seemed to be reliable and efficient. The only negatives I'd say was the hassle you'd get from touts outside railway stations, but that's definitely not a China-specific problem.

Nostra
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Nostra
Before I leave, I will just make two suggestions. 1 – People keeps complaining about corruption money and scums coming to Canada with their ill gotten gains from China? I say the best way is simply to ban all immigration from China and HK, including foreign exchange and English students. Just limiting investor immigration program is not enough as people can easily get around that by putting their kids and wife here, plunk down $2M+ for a house and another $100K for that luxury vehicle. Just ban all immigration from China or only accept people with skills but no money and all the problem with scum and corruption money are solve. Plus all those poor people in China will thank you since you just make it much harder for corrupt officials to leave the country. ______ Thanks for leaving, and… Read more »
Maverick
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Maverick

"Discount Realtors merge to shake up real estate industry"

http://www.ctv.ca/CTVNews/Canada/20110707/real-es

patriotz
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Will the housing boom last indefinitely? While the world’s economic and political situation may not settle down anytime soon, Mr. Tal said the risk to the Canadian housing market isn’t actually as high as some think. That’s because the focus is often on average prices, which make things look a lot scarier than they actually are. “Is it a bubble? Glancing at popular metrics such as the price-to-income ratio or the price-to-rent ratio, it is tempting to conclude that the housing market is already in clear bubble territory and a huge crash is inevitable,” he wrote. Straw man much, Mr. Tal? No credible analyst uses average prices for these metrics. Price/income uses median or benchmark prices, and you can simply compute price/rent for a given property without using any statistical numbers at all. And what do you get when you… Read more »
chilled
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chilled

"…….some tenants in the ex-Olympic Village are encountering higher than expected utility bills"

I can see it now; Olympic Village idiots sitting on the waterfront railings, having a dump into False Creek, trying to save a dime. Granville Island will take on a distinct 'downtown eastside' odor.

Titles
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Titles

"I will always, always, remember this in all my future deals with Canada and Canadians.:

Bye bye Space889 – enjoy one last flush of a toilet before you return to squatting in that hole!

Be sure to send some of that embezzled money back to those "poor" Chinese toiling for their fatherland.

Best place on meth
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Active Member
Best place on meth
China: up to it's neck in debt and making the payments with more debt. http://www.nytimes.com/2011/07/07/business/global… "Despite selling about $25 billion worth of land over the last five years, according to Real Capital Analytics, a research firm based in New York, Wuhan is struggling to pay for its projects. City officials have announced a big increase in bridge tolls. Under pressure from Beijing to reduce Wuhan’s debt, they have promised to pay back $2.3 billion to state-backed creditors this year. Whether the city would do this by borrowing more money or selling land or assets is unclear. But rolling over old debts with new borrowing is not uncommon among Chinese cities. In 2009, for instance, Wuhan’s big investment company, Wuhan U.C.I.D., borrowed $230 million from investors and then used nearly a third of the money to repay some of its bank… Read more »
Devore
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Devore
@Anonymouse: You can describe China as follows: People are mostly nice and friendly, you feel safe in most areas, the place is mostly nice, infrastructure mostly solid and functional for local purposes, and it's a nice place to visit. Hey, I've never been to China, but I just described it, along with nearly every other city and country on the planet. Most places are "good enough". People everywhere are the basically same, although in some places have been forced by circumstances into extreme behaviours, like in despotic regime countries without rule of law or a functioning economy. Outside these outliers, you're only looking at idiocy like "american exceptionalism", which hold that certain peoples are inherently superior (or inferior as the case may be). So can we stop this "China sucks" "no it doesn't" nonsense, that does no good for anyone.… Read more »
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