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 Posté le: Mar Oct 01, 2013 2:45 am Sujet du message: Green scene: transit-oriented developments are a g |
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Green scene: transit-oriented developments are a great way to go green without skimping on what people want, developer Chris Philips of Fairborne Homes told the Vancouver Real Estate ForumBy Peter MithamMon Apr 23, 2012 12:01am PSTDense topicDon’t expect people to pay for sustainable real estate,[url=http://www.moncler-sale.org]moncler outlet[/url], either with cash or compromises in what they’re looking for, according to speakers at the recent Vancouver Real Estate Forum.“Affordable housing is almost always the bridesmaid, never the bride. It’s always an important issue but not as important as wildlife corridors or construction standards,” said Jeff Fisher, an Urban Development Institute senior policy adviser, in a session focused on “Density, Housing, Affordability, the Public.”But preserving wildlife habitat erodes affordability by increasing costs, as do variations between municipalities in construction standards. Seeking sustainability by creating product that doesn’t meet people’s needs or which they can’t afford isn’t the way to go about greening communities, said Chris Philips,[url=http://www.moncler-sale.org]discount moncler jackets[/url], president of Fairborne Homes Ltd., in the following session.“The conversation is not going to go like this: ‘Honey, do you think we should give up the third bedroom so we can make a donation to the planet?’ The answer is no. They can’t afford it,[url=http://www.moncler-sale.org]moncler down jackets[/url], and they don’t want to be an environmental philanthropist.”Philips added that it makes better sense to create density around shopping hubs and transit nodes, which shorten travel distances and reduce overall road traffic. Fairborne is developing such a project in partnership with Wall Financial Corp. at Mandarin Residences,[url=http://www.moncler-sale.org]moncler sale[/url], a 150-home project adjacent to Brighouse station in Richmond.But as Rize Alliance Properties Ltd. has discovered in Mount Pleasant,[url=http://www.moncler-sale.org]moncler on sale[/url],[url=http://www.moncler-sale.org]moncler on sale[/url], even a rezoning application to permit density near shopping and transit faces a rough ride if the community perceives it as costing them what they already enjoy.“The process is going to be longer in rezoning in established neighbourhoods,” said Chris Vollan, vice-president of development with Rize. “Our outreach was pretty strong [in Mount Pleasant], but there’s a very strong political movement as well as just a neighbourhood movement against densification.”Vancouver councillors approved rezoning of Rize’s site at Kingsway and Broadway last week, but Vollan said the process highlighted the need to do a better job of engaging opponents, especially through social media.“The bullshit meter is pretty strong online, and you get called on it pretty quickly. The problem is you can’t as often call the bullshit meter on the other side,” he told the forum. “I’d say that’s a major area where we missed the mark.”Stable for cashA recent invitation to sit in on BMO Bank of Montreal’s conference call for the release of its spring housing report garnered more than just a few statistics on consumer sentiment. The commentary dished out by the experts on the call underscored some of the fault lines and opportunities in Vancouver real estate.Addressing the question of whether a bubble exists in Canada’s real estate market,[url=http://www.moncler-sale.org]moncler outlet[/url], Conrad Zurini, broker of record with Re/Max Escarpment Realty Inc. in Hamilton, Ontario, immediately pointed to the West Coast.“Vancouver’s been the poster child for the real estate bubble for a long time,” he said. “The media has been pushing that whole topic,[url=http://www.moncler-sale.org]moncler sale[/url], and I think it’s gotten into the consumer’s mindset.”Indeed, a Leger Marketing survey of consumers for BMO found that 21% of B.C. residents don’t expect housing to hold its value, the same dour proportion as in Atlantic Canada. Similarly, while 84% of Canadians expect housing to hold its value, just 77% of B.C. residents do.B.C. homeowners are also largely of the view that housing values will remain constant over the next two years, at 45%. A mere 36% expect home values to rise, the lowest proportion of any Canadian province. The stability of real estate markets across the country will continue to make Canada a favoured haven for foreign capital,[url=http://www.moncler-sale.org]discount moncler jackets[/url], said Paul Maranger, senior vice-president, sales with Sotheby’s International Realty in Toronto.“They’re not interested in cash flow; they’re not interested in renting it out,” he said. “They’re looking for a place to come for a week or two [and] to park capital.”What makes Vancouver unique is that investors here, unlike in Toronto, come from a single pool: Asia. This leaves it vulnerable to preferences among those buyers. While there’s been a slight slowing in foreign capital flows, Maranger said it’s still animating West Side markets.“The demand continues on the West Side to be extremely strong, and favoured by Asian money.” •Tags: sustainability, communities, Rize Alliance Properties Ltd., Vancouver Council, Wall Financial Corp., Urban Development Institute, consumers, prices, Vancouver Council,[url=http://www.moncler-sale.org]moncler down jackets[/url], real estate, social media
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