design

Cambie Corridor will have 11,500 New Homes; City says

chengparhamrealty BLOG , , , , , , , , , ,
Cambie Corridor will have 11,500 New Homes; City says

Huge vision for Cambie Corridor’s Phase 3 will focus on rental housing, townhouses and row homes

The draft plan is the City’s first to introduce below-market rental housing as part of its housing policy. Of the 11,500 new homes planned, more than 4,000 are intended as “affordable” homes, including social and rental units linked to residents’ incomes.

“The third phase of the Cambie Corridor Plan is the first of many exciting steps that puts the City’s Housing Strategy into action with vision for the neighbourhood that delivers a housing mix that meets peoples’ needs,” said Vancouver Mayor Gregor Robertson. “I’ve heard loud and clear that people want a mix of housing – rental, townhomes and row houses – near schools, parks and transit in Vancouver’s low-density neighbourhoods. This plan for the Cambie Corridor provides that and more.”

Read more

Nearly %50 of B.C.’s most expensive homes secretly owned

chengparhamrealty BLOG , , , , , , , , ,
Nearly %50 of B.C.’s most expensive homes secretly owned

Critics say the B.C. government must work to close loopholes that allow homeowners in the province to hide their identities behind false fronts such as shell companies.

NDP housing critic David Eby and Green MLA Andrew Weaver called for changes after reading about a Transparency International report that slams Canada for failing to close loopholes that allow homes to be owned through shell companies, trusts and nominees. The report shows almost half of Vancouver’s 100 most expensive houses were bought using shell companies or other methods that obscure the identity of the owners.

Report author Adam Ross found that use of tactics to obscure ownership has increased in the past five years in B.C.  He also concluded the prevalence of opaque ownership in B.C. luxury real estate makes it impossible to measure how much offshore cash is invested in B.C. homes, even though B.C. is attempting to collect data on foreign ownership.

Read more

Richmond brothers win ‘toonie’ design contest for Canada’s 150th anniversary

chengparhamrealty BLOG , ,
Richmond brothers win ‘toonie’ design contest for Canada’s 150th anniversary

Dr. Timothy Hsia learned he was one of the winners of the Royal Canadian Mint’s 2017 circulation coin series design contest from a call at the end of a long work day.

“I thought it was a patient calling and, actually, it turned out to be the Mint,” said Hsia, 32, a family doctor from Richmond, B.C.

“I was so thrilled. (It) couldn’t have been a better way to end that work week.”

Hsia and his brother Stephen, 30, worked on the design together. The public chose the winners.

The Mint revealed the winners to the public on Wednesday. The brothers’ design, which depicts the northern lights, will adorn Canada’s two-dollar coins — the toonie — next spring to celebrate Canada’s 150th anniversary.

Five other designs will adorn coin denominations — from nickels to toonies — during next year’s celebrations.

The unveiling ceremony was at Richmond City Hall where the brothers were awarded a $2,000 cheque, a trip to Ottawa for two in 2017 and the special edition set of coins. Read more