Historic accord splits control of properties

They’re not making any more land, but we still seem to be finding some to build on.

The 21 hectare Jericho lands in Point Grey is part of an agreement to split control of three Vancouver properties between a crown corporation and three First Nations – the Musqueam, Squamish and Tsleil-Waututh Nation.

David Eby, MLA for Vancouver-Point Grey, said he was heartened to learn that a deal had been made regarding the Jericho Lands.

“There had been a lot of people in the community, myself included, that believed this land would be tied up in negotiations – potentially in court – for many years,” he said. “There’s a very clear and well-established traditional use of this land by First Nations. They were certainly entitled to it and it sounds like they received a fair share of their lands. It was certainly a surprise to hear that it has happened at all, let alone so quickly.”

Mr. Eby said the significance for the community he represents is that development will proceed faster than many anticipated.

“I would not be understating it to say that many members of the community that are neighbours to this property are incredibly concerned about the type of development that could potentially be located at this site,” he said.

“I can tell you everybody from affordable housing advocates to environmental groups … to the West Point Grey Homeowners’ Association has weighed in with different perspectives about what should happen here. That consultation will be challenging, but it’s critically important that it happen.”

Read the full article here.

 

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interesting
interesting
5 years ago
Devore
Devore
5 years ago

“In other words she is smart and doing what is in the best interest of BC. Too bad more politicians were not like this. ”

We need politicians who don’t stick their nose in other people’s business, especially in other countries. It takes exactly ZERO courage to “stand up” for the protesters; it’s just the popular thing to do.

ostritch
ostritch
5 years ago

So now we have two sets of opposing facts running concurrently. A huge inventory spike, up by a third, and the data that shows inventory is lowest since 2009.

Is inventory up in Coquitlam while down in East Van? Any insight because what I am seeing is pretty piss poor choice in stock in Vancouver itself.

Woooh
Woooh
5 years ago

Check this V1088233 was a crack shack for $750,000 a few months ago, now 1270000$$

Good luck Charlie Brown

southseacompany
southseacompany
5 years ago

“Nobody blows bubbles like these real estate writers” Financial Post, http://business.financialpost.com/2014/10/02/nobody-blows-bubbles-like-these-real-estate-writers/ “Booming real estate markets are producing another kind of bubble: An expansion of authors writing about a looming crash.” “A forthcoming book by Hilliard MacBeth, an Edmonton-based portfolio manager, doubles-down on the so-far-errant projections of similar books. When the Bubble Bursts: Surviving the Canadian Real Estate Crash predicts Canadian house prices will drop 50%.” “He’s hardly the first commentator to offer a stark warning about Canada’s housing market since the 2007 U.S. crash. David Madani, an economist with Capital Economics, draws a smirk from most real estate agents these days with his repeated calls for a 25% drop in prices. ” “Former journalist and cabinet minister Garth Turner, who wrote Greater Fool: The Troubled Future of Real Estate in 2008, still says the market will correct but his predictions… Read more »

Shut It Down Already
Shut It Down Already
5 years ago

So why not post some genuine market data, “realtor”?

Westside Realtor
Westside Realtor
5 years ago

I expect to see rising sales on the westside coupled with decking prices.

This will actually exert upward pressure on average prices.

If you can’t figure out how that can be, perhaps you should go and buy a few Surrey building lots.

This market is not looking at all healthy to me, and I believe the official (and somewhat bullshitted) stats mask what is really going on.

Concerned
Concerned
5 years ago

From Garth’s Post:

“In Vancouver sales are up, but listings are ballistic. The number of properties on the market has just swelled by a third from August – an additional thousand homes. At the same time sales have jumped and the average detached home price has hit $1.26 million. All this in a city where the average household income is just $73,000. Unbelievable risk here.”

Is this a blatant lie?

Concerned
Concerned
5 years ago

I’m concerned that inventory is plummeting. Couple that with the Hong Kong situation. Doesn’t this mean an upward pressure on prices?

@bpom
@bpom
5 years ago

@20 “she doesn’t want to offend the totatitarian pigs with whom she wants to do business with.”

In other words she is smart and doing what is in the best interest of BC. Too bad more politicians were not like this.

Speaking of smart politicians. We should congratulate Harper for making this recent land deal with the First Nations so quickly. He knows the bubble is about to pop and wants to unload the land before it does. Even taking a 50% interest selling the land at bubble prices is better than waiting a few years and selling it after the crash.

alobe
alobe
5 years ago

ebola is all nonsense hype. it is SUPER hard to get. you have to come in contact with their blood or bodily fluids.

What Quarantine?… Photos Show MEN CLEANING TX EBOLA VOMIT Without SUITS!
http://www.thegatewaypundit.com/2014/10/what-ebola-quarantine-photo-shows-person-delivering-food-to-texas-ebola-victims-family/

OOOPS!

Son of Ponzi
Son of Ponzi
5 years ago

A. Shuchart who prides himself to be a Realtor who speaks his mind has joint the sheeples: Shame on him. Can’t trust a Realtor. ———— Home sales activity picks up the pace in September Home buyers were active in Metro Vancouver last month, with home sales well exceeding the 10-year average for September. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,922 on the Multiple Listing Service® (MLS®) in September 2014. This represents a 17.7 per cent increase compared to the 2,483 sales in September 2013, and a 5.4 per cent increase over the 2,771 sales in August 2014. Last month’s sales were 16.1 per cent above the 10-year sales average for the month and rank as the third highest selling September over that period. “September was an active period for… Read more »

tedeastside
tedeastside
5 years ago

bull bull bull

vancouver has a new top dog head office…1-800 just junk

its not surprising the recent reports showing vancouver is the worst job opportunity, lowest wage city in North America

Best place on meth
Best place on meth
5 years ago

Crusty is a cowardly piece of shit for not supporting the protesters – she doesn’t want to offend the totatitarian pigs with whom she wants to do business with.

Fucking whore.

crabman
crabman
5 years ago

Inventory graphs updated yesterday. Lowest inventory since 2009…

http://vancouverpeak.com/attachment.php?aid=993

E_bola
E_bola
5 years ago

American news camera man in Liberia now has Ebola. If it’s so hard to get, how did this happen?

It seems to spread very easily.

paulb
5 years ago

New Listings 228
Price Changes 91
Sold Listings 146
TI:15418

http://www.paulboenisch.com

Bull! Bull! Bull!
Bull! Bull! Bull!
5 years ago

it’s ironic that vancouverites dump garbage to avoid paying fees when the city’s claim to fame is being the home of 1-800-GOT-JUNK

space889
space889
5 years ago

@Tiger – Uhm…maybe drug dealers or hookers?? Home “spa/massage parlors” make a lot of money and probably more private and better than condos where one don’t have full control and worry about strata mgmt knowing about it.

Seems lots of local Caucasians still got the yellow fever despite having full on hate for scummy mainlanders…

space889
space889
5 years ago

– Geez…I thought Canadians are above such petty acts as identity thief and stealing…I thought that was reserved only for scums like Chinese people….

southseacompany
southseacompany
5 years ago

Van Sun; “Pete McMartin: Vancouver — Lotus Land or Lowest Land? Sagging incomes among city’s most educated raises questions about job quality”

http://www.vancouversun.com/Pete+McMartin+Vancouver+Lotus+Land+Lowest+Land/10253972/story.html

“Last week, Andy Yan, the researcher and urban planner with Bing Thom Architects, gave a talk at SFU’s downtown campus, during which he asked his audience a question.

Where, he asked, did they think Vancouver ranked among the country’s top 10 metropolitan areas in terms of median incomes for those between the ages of 25 to 55 with bachelor’s degrees or greater?

“It was the first time in my career of giving lectures,” Yan said, “when an audience gasped at the answer.”

The answer was:

Dead last.”

tedeastside
tedeastside
5 years ago

@1 vancouverites are lazy cheapskate disgusting pigs…

its unbelievable the amount of garbage they dump anywhere to avoid paying fees,,,,
from eye witness accounts i think i know who is mostly behind this disgusting pig behavior

would-be buyer
would-be buyer
5 years ago

Interesting, Yattermatters states that listings are down in September, but according to this article, there has been a surge in listings in Vancouver. Who to believe?

http://www.news1130.com/2014/10/02/surge-of-people-listing-homes-in-metro-vancouver/