2 beds starting at $750k, heat extra

Looks like more problems over at the Olympic Village.

You’d think that all the hot air over this project would mean there’d be no lack of heat, but I guess you’d be wrong.

A problem with the much-lauded heating and cooling system in the buildings constructed for the 2010 Winter Games has left some residents without heat since the beginning of Vancouver’s cold snap, condo owner and resident Tomasz Rutkowski said Monday.

It’s nearly freezing at 6 C in Rutkowski’s two-bedroom apartment in the Kayak building at 77 Walter Hardwick Avenue, where his five-year-old son has been walking around and sleeping in a winter jacket.

Rutkowski reported the problem a few times to the property manager and strata council, but said he was told that the system is “just a weak system.”

“They just told us, buy portable heaters,” he said, adding that’s a poor solution for his condo with floor-to-ceiling windows. “This is supposed to be environmentally friendly, now they’re telling us to get those heaters.”

(The city and the mayor have applauded the heating system, a neighbourhood energy utility that recaptures heat from sewage and redistributes it throughout the community, as a green initiative.)

Read the full article here at Metro News.

The good news? The strata is responsible for the costs of maintaining the system, so this is one part of the Olympic Village that tax payers won’t have to cover.

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Son of Ponzi
Guest
Son of Ponzi

Looks like the Whisperer is back in business, reporting the cancelled/expired listings again.

Johnny-boy
Guest
Johnny-boy

Big Chinese buying today. usual suspects. I think the buying from China mirrors the Shanghai stock market which has been on a tear recently. When that goes up, the flow of money into Vancouver turns into a Tsunami.

Jojo
Guest
Jojo

Interesting that they can track commercial but not residential buyers.

Overseas buyers dominate Vancouver retail real-estate purchases

http://www.biv.com/article/20131127/BIV0111/131129941/0/SEARCH/Overseas-buyers-dominate-Vancouver-retail-real-estate-purchases

Randy Randerson
Guest
Randy Randerson

The OV should have installed wood ovens in all the units, and billed them as using renewable energy to generate heat. Wood splitter not included.

YVR
Guest
YVR
It’s nearly freezing at 6 C in Rutkowski’s two-bedroom apartment in the Kayak building at 77 Walter Hardwick Avenue, where his five-year-old son has been walking around and sleeping in a winter jacket…They just told us, buy portable heaters A quick MLS search shows a 1675 sq ft 2 bedroom in that building pays $1020 per month in maintenance fees. Heating costs are extra of course – if you can get it. The utility heats buildings through an environmentally sustainable system that gets about 70 per cent of its power by recovering energy from sewage…Vancouver council will be debating a proposed rate increase Tuesday for that utility. Nice when your heating system relies on what your neighbour flushes down the toilet. Only a government run project could be so ingenious. Imagine waking up cold hoping your neighbour drops a warm… Read more »
Yunak
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Yunak

Even London gave up but Vancouver never…

From Bloomberg, Dec 10, 2013, 6:09:01 AM
London’s status as a magnet for foreign property investment was burnished in the years after the financial crisis by an investor-friendly tax regime and the falling value of the pound. That may be changing.

To read the entire article, go to

http://www.bloomberg.com/news/2013-12-10/london-s-lure-to-foreign-property-buyers-seen-dimmed-by-new-tax.html

Aggregator
Guest
Aggregator

Check out Australia's investor versus first time home buyer loan approvals. Chart

ILoveCharts
Guest
ILoveCharts

Gotta love living in an experiment. Normally people get paid to be test subjects, not the other way around.

Of course, now this man also gets the pleasure of being hated by all his neighbours for “outing” the building and killing resale value.

tedeastside
Member
tedeastside

the flowers are blooming in Los Angeles, so heat’s not really an issue
what about vancouver, for 750k you be in Santa Monica but then again you wouldn’t have the privilege of living in Vancouver Canada, where the sun always shines,
in LA you can work at companies like Sony Pictures and 20th Century Fox, what about Vancouver

ILoveCharts
Guest
ILoveCharts

How’s that asthma treating you Ted?

Vancouver has Lions Gate which is arguably putting out much better films than Fox these days.

Also, the squishy parts are real up here and that is nice.

tedeastside
Member
tedeastside

actually Lions gate is headquartered in Santa Monica, but it’s a very minor studio because nothing big has ever come out of vancouver or ever will

patriotz
Member

@3:

This “article” is simply unsubstantiated claims from a RE marketing firm.

Anyone remember seeing this sort of thing before?

George
Guest
George

Canada Post is ending household mail delivery in urban areas and substantially increasing the price of stamps, according to CBC. City-dwellers will no longer get mail delivered to their individual mail boxes. Instead, we will have to go to centralized community mail boxes/depots like they have to do in rural areas to pick up our mail. I think this just sucks!

http://www.cbc.ca/news/canada/ottawa/canada-post-to-phase-out-urban-home-mail-delivery-1.2459618

George
Guest
George

Sorry, the article doesn’t say the price of stamps is increasing “substantially”, it just says the price will be increasing, but it doesn’t say by how much.

George
Guest
George
@YVR #5 “Nice when your heating system relies on what your neighbour flushes down the toilet. Only a government run project could be so ingenious. Imagine waking up cold hoping your neighbour drops a warm one in the toilet so you can get heat.” It would seem that such a heating system would be predicated on the assumption that the surrounding housing units are occupied with residents who are urinating and defecating and manufacturing a constant supply of sewage for the heating system. What happens to such a heating system when the units go unoccupied and there is no one to defecate in the toilet? Units may be unoccupied if the developer cannot sell them or if they are owned by speculators/foreign investors who do not rent the units out. Then that would mean there are not enough people living… Read more »
VMD
Member

@George
– individual stamps to cost $1
– 6000-8000 job cuts in 5 years

This makes the news yesterday seem almost prescient “Canadian labour hit by wave of layoffs, plant closings

realitycheck
Guest
realitycheck

World is awash in money!

Canada Post raising stamps to $1 from $0.63. I’m going to see if I can buy 100,000. And make 25% in a year or 2 by selling them on eBay.

Free car. 🙂

VMD
Member
@BWilson (yesterday) Thanks for the speedy pick-up on the Deutsche Bank report on global housing. It’s finally in the news today: A Worldwide Ranking of the Most Over and Undervalued Housing “Based on their analysis, anyone in the market for property might want to avoid Toronto or Vancouver. On the other hand, if you can get around Japan’s restrictions on foreign investment, an apartment in Tokyo looks like a steal.” “Although the Deutsche team doesn’t delve into them, it’s not hard to think of some key reasons for these differences. Canada, for example, is very open to foreign investors, which means that in an age of unprecedented global liquidity cash-rich wealthy individuals who are looking for places to park their excess funds can do so in its housing market far more easily than in Japan, with its closed system. ”… Read more »
VMD
Member

@realitycheck
and you think CanPost hadn’t thought of this?
P stamps are no longer available on their web store few hours ago.
Your best bet is to visit local Can Post branches to buy what’s left.

patriotz
Member
@18: “Canada, for example, is very open to foreign investors” So is the US. And Germany also has no restrictions on foreign ownership of RE. Nor does Ireland. “But sky-high house valuations make it difficult for the Bank of Canada to cut rates to spur aggregate demand” Nonsense, if mortgage credit were throttled back concurrently with interest rate cuts there would be no net upward pressure on prices. But of course this is the prescient and perceptive WSJ, which published the likes of this in 2005: If you want to be scared out of your wits these days, you basically have two choices: go watch Steven Spielberg’s latest, or listen to the hysterical warnings of economists and journalists about the imminent popping of our so-called housing bubble. Robert Shiller, the ubiquitous Yale economist, says home prices could fall 50% from… Read more »
space889
Member
space889
Man what a bunch of entitled brats….no one is entitled to live in this greatest city on Earth, never mind living in a historic monument that is the OV where you could potentially have DNAs left by world famous atheletes who competed in the greatest Olympic in history. This guy is living a life that billions of others could only dream about and he’s complaining about a lack of heat?? In Vancouver where it never gets down to like -20C like in the east? Geez…maybe he should talk to his parents about when it is normal to wear a sweater while indoors in winter!!? Geez…this is what is destroying our great city…not HAM, foreigners, whatever, but self-entitled brats like this guy who thinks the world owes him a nice comfy lifestyle that he didn’t have to sacrifice and work for.
Harry Wang
Guest
Harry Wang

http://globalnews.ca/news/1019303/protesters-spread-posters-calling-to-boycott-well-known-chinese-restaurant-serving-shark-fin-soup/

Protesters spread posters calling for boycott of well-known Chinese restaurant serving shark fin soup

space889
Member
space889

So how would I know if I have mail in the CMB if I don’t get a notification mail/slip in my door? What if the CMB is stuffed with junk mail before legitimate mail gets delievered and can’t fit in?? So many issues with this plan….but I guess we can’t expect anything intelligent from governments.

Skook
Member
Skook

World wide job losses are mounting. The BBC is reporting that GM will stop making cars in Australia by end of 2017. Jobs lost = 2,900

“The decision to end manufacturing in Australia reflects the perfect storm of negative influences the automotive industry faces in the country,” GM chief executive Dan Akerson said in a statement.

“This includes the sustained strength of the Australian dollar, high cost of production, small domestic market and arguably the most competitive and fragmented auto market in the world.”

This follows Ford’s announcement in May to end Australian production in 2016. The Australian Manufacturing Workers Union says it is “highly likely” Toyota could leave, too. Overall, the Union says, “…it’s almost certain and this will spell the end of 50,000 automotive jobs,”

http://www.bbc.co.uk/news/business-25328924

ILoveCharts
Guest
ILoveCharts

“2014 shaping up to be a good year for local home sales”

http://www.news1130.com/2013/12/11/2014-shaping-up-to-be-a-good-year-for-local-home-sales/

Or at least that is what ReMax told the news station. I wonder if News1130 can print press releases for my company. It would sure save us some money from our marketing budget.

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