Author: Stan S.

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    Gregor Robertson housing comment reflects a deeper truth, says urban planner

    Posted May 21, 2025 8:09 pm. Last Updated May 21, 2025 10:53 pm. When former Vancouver mayor Gregor Robertson made his comment on Canada’s housing market last week, there might have been more truth in it than many of his critics want to admit. “Finally, someone said it out loud, something we all know, but are not supposed to say,” said long-time Vancouver city councillor and urban planner, Gord Price in an interview with 1130NewsRadio. Not even 24 hours into his new role as Minister of Housing, Infrastructure and Communities, Robertson was clipped saying he does not think housing prices need to be lower . But Price is coming to Gregor Robertson’s defence and thinks critics should widen their lens. “I am not sure how much people really want government to be setting the price up or down.” Price said. “Even if they could, they really can not and you would not want them to.” Price explains that it is important to remember that the housing market moves with global trends. And, if government tries to push prices down too hard, they risk setting off a chain reaction that could destabilize the economy. “If you do not like inflation, you are sure not going to like deflation,” Price argued.

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    Preliminary work on plan to dredge Burrard Inlet underway, port says

    By Staff The Canadian Press Posted May 20, 2025 8:03 pm 1 min read 2:00 B.C. government supports dredging Burrard Inlet to increase TMX tanker capacity RELATED: In the year since its expansion, the Trans Mountain Pipeline has been moving double the amount of oil. The B.C. government was initially opposed to the project, but as Aaron McArthur reports, it’s now supporting a proposal allowing tankers to carry more oil through B.C. waters – May 8, 2025 The Vancouver Fraser Port Authority says preliminary work on a plan to dredge Burrard Inlet to accommodate fully loaded oil tankers is now underway. It says the project, which was recently floated by Prime Minister Mark Carney, will proceed through permitting processes including consultation with First Nations. A statement issued on Tuesday says the preliminary work that has commenced includes the consultation and field studies. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. The project – which has been criticized by some environmentalists, experts and First Nations – would allow a common class of tankers to pass fully loaded under Vancouver’s Second Narrows Bridge after filling up at the Westridge Marine Terminal in Burnaby. The statement says there’s a “pressing need” to optimize the port in the face of an uncertain and fast-changing global landscape. Trending Now It says the project will improve shipping efficiency in the inlet. Story continues below advertisement Trans Mountain says on its website that Aframax-class tankers generally load to about 80 per cent of capacity to provide clearance in Port Metro Vancouver. British Columbia’s government has said it supports the project, so long as it meets environmental and consultation requirements. &copy 2025 The Canadian Press Sponsored content

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    Bidding process to begin to build a new superport in Metro Vancouver

    The multi-billion-dollar project to build a major new container terminal in Metro Vancouver is now preparing to enter the construction phase. Vancouver Fraser Port Authority has announced it will begin the bidding process in July 2025 seeking a major construction contractor for the superport project of building Roberts Bank Terminal 2. The project received key approvals from the federal and provincial governments in 2023, with the federal approval of the environmental assessment outlining 370 legally binding conditions. In 2024, the port authority also submitted an application to the federal government’s Fisheries and Oceans Canada related to fish species at risk compliance, with regulators committed to making a decision by no later than October 2026. The port authority calls this superport a “transformational, nation building project that will support Canada’s economic security and trade reliance.” When operational, it will have the capacity to trade over $100 billion worth in goods each year. The new superport capacity provided by Roberts Bank Terminal 2 will boost Metro Vancouver’s overall container handling capacity by an additional 2.4 million twenty-foot equivalent units (TEUs) per year. This also doubles the immediate area’s existing container terminal capacity; Deltaport, the first terminal at Roberts Bank, currently has a capacity to handle 2.4 million twenty-foot equivalent container units (TEUs) per year, following a recent expansion of the intermodal railyard. For further contrast, the Centerm container terminal, immediately north of the Downtown Eastside in Vancouver, currently has a capacity for 1.5 million TEUs — up from 900,000 TEUs prior to the full completion of its expansion in 2023. Preliminary artistic rendering of Roberts Bank Terminal 2. (Port of Vancouver) Preliminary artistic rendering of Roberts Bank Terminal 2. (Port of Vancouver) Preliminary artistic rendering of Roberts Bank Terminal 2. (Port of Vancouver) Preliminary artistic rendering of Roberts Bank Terminal 2. (Port of Vancouver) When operational, the new superport will generate over 17,000 well-paying, long-term jobs, and add over $3 billion in GDP annually. This is in addition to over 18,000 jobs during construction. The procurement process starting this summer will begin with the Request For Qualifications (RFQ) for a contractor to achieve the land reclamation component — the creation of about 450 acres of new land, equivalent to nearly half the size of Vancouver’s Stanley Park. This is an expansion of the existing manmade peninsula, where Deltaport, separately operated by Global Containers Terminal, is also located. But it will be a completely different facility under a separate ownership and operation group. Through the RFQ, the port authority will create a shortlist of three qualified construction proponents, inviting them to participate in the Request For Proposals (RFP) process of submitting a detailed bid proposal. Preliminary artistic rendering of Roberts Bank Terminal 2. (Port of Vancouver) Preliminary artistic rendering of Roberts Bank Terminal 2. (Port of Vancouver) Preliminary artistic rendering of Roberts Bank Terminal 2. (Port of Vancouver) Preliminary artistic rendering of Roberts Bank Terminal 2. (Port of Vancouver) Under a progressive design-build contract, the contractor will be responsible for building the marine terminal landmass, wharf structure, berth pocket, widened causeway, expanded tug basin, and environmental mitigation and offsetting projects. At a later date, the port authority will conduct separate bidding processes for other components of the superport, such as the equipment for the container terminal and the ground transportation access infrastructure. During the federal government’s previous environmental assessment process, the port authority estimated the project could carry a total cost of over $2 billion. Following significant market inflation in the cost of construction materials, equipment, and labour since the pandemic, the cost is now likely significantly higher. If all goes as planned with the procurement process and fisheries application, construction mobilization and early works would occur in 2027, with major land reclamation work beginning in 2028. The terminal would begin its operations in the mid-2030s. New cranes arrive at GCT Deltaport container terminal on April 20, 2025. (GCT) New cranes arrive at GCT Deltaport container terminal on April 20, 2025. (GCT)

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    The Inheritance Boom: What Canada’s Wealth Transfer Means for Real Estate Investors

    Over the next two decades, Canada will witness the largest wealth transfer in history as Baby Boomers pass an estimated $1 trillion to their heirs.  This unprecedented shift will do more than just redistribute wealth—it’s poised to reshape the real estate market in profound ways.  For investors, it’s both an opportunity and a challenge worth…

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    Supporting Your Parents in Downsizing: Turning a Family Home into New Beginnings

    Moving out of a family home isn’t just about boxes and moving trucks—it’s about memories, identity, and emotions. Downsizing, especially for seniors, represents a significant life transition. For many, their home is more than a structure; it’s a museum of memories. When it comes time to leave, the process can be deeply emotional. Adult children…

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    Mastering the Real Estate Market: A Guide for Buyers and Sellers

    Navigating the Canadian real estate market in 2025 is no simple feat. Whether you’re a first-time buyer or a homeowner preparing to sell, this year presents unique challenges and opportunities shaped by economic recovery, technological advancements, and evolving buyer preferences. Here, we break down the key strategies to help you succeed—from securing financing and leveraging…

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    Nail the Perfect Price: Sell Your Home Without the Guesswork

    Choosing the right price for your home is more than just a number; it’s the single most critical factor that determines whether your home sells quickly or languishes on the market. In today’s competitive and ever-changing real estate landscape, particularly in 2025, getting the price right can mean the difference between success and disappointment.  The…

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    Starting and Scaling Your Real Estate Portfolio: A Beginner’s Guide

    Introduction Real estate is a powerful investment that can grow your wealth over time, and even while you sleep. But for newcomers, the journey to building a portfolio can feel like learning to swim by diving into the deep end. From decoding market trends to managing properties, it’s easy to get overwhelmed. Fortunately, starting your…

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    Incorporating Your Rental Property Business: Should You Do It? Here’s the Scoop

    So, you’ve finally taken the plunge into real estate, or maybe you’ve been collecting those sweet rental checks for a while. Either way, one question keeps popping up: Should I incorporate my rental property business, or keep it under my personal name? You’ve probably heard stories about big tax savings and bulletproof liability protection—but is…

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    From Refugee Camp to Real Estate

    Overcoming Barriers to Homeownership For many newcomers and first-time buyers, the barriers to homeownership can seem insurmountable: lack of credit history, limited savings for a down payment, and unfamiliarity with the real estate process. But with the right knowledge and resources, these challenges can be overcome. Programs like Rent-to-Own Options and Down Payment Assistance Programs are game-changers, especially for…