over-900-homes-in-towers-up-to-39-storeys-for-downtown-eastside
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Over 900 homes in towers up to 39 storeys for Downtown Eastside

ByKenneth Chan

This three-tower project could fulfill roughly 10% of the Government of British Columbia’s total target of catalyzing affordable homes for middle-income households through the new BC Builds program. In the process, it would also revitalize the easternmost end of Vancouver’s Downtown Eastside, bringing new life to an area specifically named the East Village. The significant project would be the first of a number of major housing redevelopments envisioned for this segment of East Hastings Street towards Commercial Drive. The three properties for this particular project are located on an approximate one-city block stretch of East Hastings Street between Glen Drive and Vernon Drive. Tower 1 will be a 373-ft-tall, 38-storey building at 1030-1070 East Hastings Street, which is a vacant site immediately adjacent to the CN railway at the southwest corner of the intersection of Glen Drive and East Hastings Street. This site is the westernmost site of the three properties. Tower 1 will contain 382 secured purpose-built market rental homes, with a unit size mix of 135 studio units, 141 one-bedroom units, 93 two-bedroom units, and 13 three-bedroom units. Nearly 5,000 sq ft of retail/restaurant space will activate the building’s East Hastings Street frontage, and three live/work units will front Glen Drive. Three sites for the East Village on East Hastings Street in Vancouver’s Downtown Eastside. (ZGF Architects/Westbank/Promerita/BC Housing) Three sites for the East Village on East Hastings Street in Vancouver’s Downtown Eastside. (ZGF Architects/Westbank/Promerita/BC Housing) Concept for the East Village on East Hastings Street in Vancouver’s Downtown Eastside. (ZGF Architects/Westbank/Promerita/BC Housing) Tower 2 will be just around the corner from Tower 1. It will be located at 1115-1127 East Hastings Street, which is the northeast corner of the intersection of Glen Drive and East Hastings Street. Old, low-storey commercial buildings currently occupy this site. Tower 2 is envisioned as the tallest and largest of the three towers, at 390 feet and 39 storeys. Tower 2 will contain 383 secured purpose-built market rental homes, with a unit size mix of 165 studio units, 123 one-bedroom units, 77 two-bedroom units, and 20 three-bedroom units. There will also be nearly 8,000 sq ft of retail/restaurant space, primarily at ground level, to activate the building’s frontages with East Hastings Street and Glen Drive. Tower 1; Concept for the East Village on East Hastings Street in Vancouver’s Downtown Eastside. (ZGF Architects/Westbank/Promerita/BC Housing) Tower 2; Concept for the East Village on East Hastings Street in Vancouver’s Downtown Eastside. (ZGF Architects/Westbank/Promerita/BC Housing) Tower 2 (left) and Tower 1 (right); Concept for the East Village on East Hastings Street in Vancouver’s Downtown Eastside. (ZGF Architects/Westbank/Promerita/BC Housing) While Tower 1 and Tower 2 are highly similar in uses and size, Tower 3 will be markedly different, with a shorter height of 195 ft and 19 storeys. Tower 3’s site of 1168-1180 East Hastings Street is the easternmost parcel of the three-site project, situated immediately east of Pink Peal Chinese Restaurant. Two low-storey structures currently occupy the site, including the 1905-built, three-storey Vernon Apartments SRO with 36 units. Tower 3 will contain 157 social housing units dedicated to seniors, with a unit size mix of 42 studio units, 79 one-bedroom units, and 36 larger one-for-one replacement SRO studio units. There will be higher levels of affordability with these homes rented at shelter, Housing Income Limits, and Low-and-Moderate Income Limit rates. There will also be a 2,300 sq ft social enterprise space fronting East Hastings Street. Tower 3; Concept for the East Village on East Hastings Street in Vancouver’s Downtown Eastside. (ZGF Architects/Westbank/Promerita/BC Housing) Tower 3; Concept for the East Village on East Hastings Street in Vancouver’s Downtown Eastside. (ZGF Architects/Westbank/Promerita/BC Housing) All three towers will feature a combined total of 924 homes, including 767 secured purpose-built market rental homes for middle-income households in Tower 1 and Tower 2 and 157 units of social housing for seniors, which is purposefully equivalent to over 20% of the project’s market rental homes as a public benefit. Overall, about 80% of the homes across all three buildings will be considered affordable for households with incomes below $80,000. These three towers in the East Village are a joint partnership between local developer Westbank, local investment firm Promerita, and the provincial government through BC Housing. Westbank and Promerita will own and operate Tower 1 and Tower 2, and they have already transferred ownership of the Tower 3 social housing site to BC Housing for a nominal fee. Westbank will be the lead developer responsible for the rezoning, development, and construction process of all three towers. ZGF Architects is the project’s design firm. Each tower represents a different rezoning application, but they will be considered together. All three applications have been submitted, and the review process is now set to enter formal public consultation. “BC Housing, through BC Builds, is very interested in participating in the proposed creation of new rental housing at the East Village with Promerita, Westbank, and a future non-profit operator, however, BC Housing’s final participation is further contingent on City Council rezoning approval as well as settlement of the final negotiated business terms amongst the parties,” reads a letter of support written to the City by Mike Pistrin, the vice president of development and asset strategies for BC Housing. “One of these milestones have been achieved and BC Housing has certainty regarding the inclusion of affordable rental units being approved, final project approval by our executive committee and associated boards will

bc.-announces-new-clean-energy-building-rebates
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B.C. announces new clean energy building rebates

ByCharlie Carey

Posted September 18, 2024 7:38 am. A new program aimed at supporting people and communities to make the switch to clean energy and save on their energy bills was announced by the B.C. government Tuesday. Minister of Energy, Mines, and Low Carbon Innovation Josie Osborne explained the ministry is launching the Clean BC Multi-Unit Residential Building Retrofit Program in partnership with BC Hydro. She says this program will provide rebates and energy coaching to business owners, strata councils, and equity co-op boards to undertake whole-building retrofits. “This includes everything from heat pumps to LED lighting, electrical upgrades, to better windows and ventilation,” she said. “Rebate amounts will depend on what retrofits and upgrades the building requires.” Osborne says one example could be that a building is switching from fossil fuel heating to electric heat pumps and may then receive $3,000 per heat pump installed. The minister says retrofitting buildings to make them cleaner is complex, and this program provides one-on-one advice and energy coaching to support building owners and managers in navigating the process. The ministry expects that a typical 65-unit building could save as much as $16,250 per year, or $250 per year per suite, after switching from central gas heating to in-suite heat pumps. “Making smart choices about how we use clean electricity has been core to our business for over 35 years,” said Chris O’Riley, president and CEO of BC Hydro. “Energy-efficiency programs defer the need for additional capital infrastructure, helping to keep rates affordable and offer additional flexibility to our electricity system. But equally important, programs like this one and the many others we offer provide our customers with the opportunity to save energy and money.”

host-first-nations,-bc.-govt-to-build-2,600-below-market-homes-in-vancouver
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Host First Nations, B.C. government to build 2,600 below-market homes in Vancouver

ByCharlie Carey

Posted September 19, 2024 9:39 am. Last Updated September 19, 2024 10:24 am. A new housing project on the lands of the  xʷməθkʷəy̓əm  (Musqueam),  Sḵwx̱wú7mesh  (Squamish), and  səlilwətaɬ  (Tsleil-Waututh) Nations will create 2,600 new affordable homes. CLICK HERE TO LISTEN TO 1130 NEWSRADIO VANCOUVER LIVE! The homes will be at Heather Lands, an 8.5-hectare (21-acre) lot between West 33rd and West 37th avenues on Heather Street, just east of Queen Elizabeth Park. The province says buyers will be able to purchase the homes at 60 per cent of market value — with 40 per cent of the cost covered by provincial financing. In an announcement Thursday, Premier David Eby explained the financing agreement isn’t a grant or a subsidy, it’s a loan from the province. “The 40 per cent is repaid at the end of 25 years, or when the owner sells. … What we have created here, together, is a financing tool that protects taxpayers, that minimizes impact on public budgets, and yet, at the same time, delivers affordable housing now,” Eby explained. “And when the loan is paid back by the homeowner, [it] protects affordability in the future,” he added. Eby shared that the homes will be sold as 99-year strata-leaseholds with Musqueam, Squamish, and Tsleil-Waututh Nations. “The unit prices will be determined at the time they actually go up for sale, but if they were for sale today, under current market conditions, a studio apartment on the site would sell for $620,000. Under this program we’re announcing today, that same studio apartment will sell for $370,000,” he said. “On this site today, the market price for a two-bedroom condo is $1.3 million. Under this program that we’re announcing today, that will be $780,000.” Eby added priority will be given to first homebuyers, and there will be “strict” criteria around income and asset ceilings for would-be purchasers. “I want to assure you that we will have strict rules and screening measures in place, and anyone who thinks that they can game the system when we detect that, there will be serious consequences.” The province says that to cover the 40 per cent of purchase prices, it will need to finance an estimated $670 million. If purchasers would like to buy out the remaining 40 per cent of the value of the home, Eby shared owners are able to do just that, “but if they exit in advance of 25 years, then they need to pay the appreciation in the value of the property as well.” “Say property values go up, they would have to pay that share of the government’s appreciation of the property as well. And say, property values go down, they would still have to pay the full amount back to the government that was loaned at the first instance,” he added. More to come.

median-luxury-home-price-in-vancouver-down-1.8-per-cent-from-2023:-report
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Median luxury home price in Vancouver down 1.8 per cent from 2023: report

ByCharles Brockman

Posted September 19, 2024 10:46 am. Vancouver’s luxury home market is still soft, according to the latest report from Royal LePage, but that doesn’t mean prices are dropping. The real estate group says sales in the segment are down almost 40 per cent through the first eight months of the year, compared to the same time last year. But prices barely fell — by less than two per cent — to a little under $7 million. The report considers $ 5.5 million to be the entry-level price for Vancouver’s luxury market. It says from January to the end of August, the median luxury home price in Vancouver was $6,975,000 — the highest in the country. For comparison, the median in Toronto over the same period was $5,820,000. “In Vancouver’s luxury segment, it seems everyone is trying to time the bottom of the market. As such, we’ve seen a slowdown in activity of late. After all, buyers love to buy when others are buying,” said a sales representative for the company. He says a “pullback” in Vancouver’s luxury market began about eight years ago, and activity has never fully rebounded. “The implementation of the 2023 foreign buyer ban, which has limited residential real estate purchases by non-Canadians, has reduced demand, although it has not had a material impact on prices,” he added. Royal Lepage expects moderate activity levels through the fall, despite the likelihood of additional interest rate cuts.

should-the-bc-government-create-the-ministry-of-construction?
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Should the BC government create the Ministry of Construction?

ByKenneth Chan

Ahead of the October 2024 provincial election, two organizations representing the construction industry in British Columbia are calling on the province’s political parties to commit to creating a new provincial government Ministry of Construction. According to the Vancouver Regional Construction Association (VRCA) and the BC Construction Association (BCCA), such a dedicated ministry led by its own cabinet minister would work with the Ministry of Housing to accelerate the construction of affordable housing. They would also collaborate with the Ministry of Labour and Ministry of Education to address the skilled labour shortage, as well as liaison and advocate for new and improved regulations that streamline construction and public procurement practices, and improve environmental sustainability. Both organizations suggest that the construction industry needs its own cabinet role, given that this particular industry contributes $27 billion to the province’s GDP and the total current value of construction projects is approximately $160 billion. This new minister would be the “ultimate project manager” for cutting through the red tape and making the construction process in BC more efficient. “Given the importance of BC’s construction industry, not to mention its size, complexity, and impact on communities across the province, we remain steadfast in asking for this commitment,” said Chris Atchison, the president of BCCA, in a statement. VRCA President Jeannine Martin adds, “Construction isn’t just about buildings. It’s about communities, infrastructure, and the future of this province. We need a minister who will ensure our industry gets the voice and attention it deserves. It’s time we had someone in charge of this vital, economy-driving, entrepreneurial industry.” Both associations are also urging for the creation of “Prompt Payment Legislation” that would help ensure timely payments for construction contractors and subcontractors, which they say would provide greater financial security and stability and help mitigate cash flow challenges faced by small- and medium-sized businesses. According to the VRCA and the BCCA, the Northern Regional Construction Association and the Southern Interior Construction Association fully support the creation of a Ministry of Construction. Atchison notes the idea is not new, as the BCCA has been advocating for the creation of such a Ministry since 2019. Currently, the Ministry of Transportation and Infrastructure delegates the responsibility of managing and overseeing major transportation infrastructure projects to the provincial Crown corporation Transportation Investment Corporation (TI Corp), which was previously the agency responsible for collecting tolls on the Port Mann Bridge. TI Corp oversees about $15 billion in major provincial-led transportation infrastructure projects, including the replacement Pattullo Bridge, the replacement George Massey Tunnel, SkyTrain’s Millennium Line Broadway Extension, SkyTrain’s Expo Line Surrey-Langley Extension, and the fourth phase of the Kicking Horse Canyon Project. This also comes at a time when the provincial government is seeing significantly higher costs for its various major construction projects.

calls-for-traffic-calming-measures-on-east-vancouver-streets
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Calls for traffic calming measures on East Vancouver streets

ByCharlie Carey

Posted September 12, 2024 6:42 am. Last Updated September 12, 2024 6:53 am. Worried for the safety of his toddler, a Vancouver man is voicing his concerns about speeders in his neighbourhood. Wilson Tran lives at Adanac and Skeena streets in the Hastings-Sunrise area of East Vancouver. It’s a 30km/h zone and there’s a park nearby frequented by the Tran’s and their neighbours. “Adanac is not officially a major thoroughfare road, but a lot of rush hour traffic uses it to avoid congestion on Hastings Street and Boundary. So, during the peak rush hour periods, there’s a heavy amount of traffic that goes through,” he explained. CLICK HERE TO LISTEN TO 1130 NEWSRADIO VANCOUVER LIVE! The intersection has a three-way stop with one pedestrian crossing. “We have to hold ourselves there because a car charges through the stop sign without slowing down or recognizing that we’re there. And just the traffic, in general, is pretty terrible and dangerous, frankly,” Tran said. “At times, I can just look out my front window and I’ll watch as, say, a senior pedestrian will be crossing, and he has to stop because a car literally charges through in front of him.” From his vantage point, Tran says drivers almost never go the posted limit, instead opting to go around 50km/h. “There’s actually a couple of speed bumps as well, but a lot of times I would say 50km/h, minimum 40km/h, definitely not 30 km/h,” he explained. Wilson Tran lives at Adanac and Skeena streets in the Hastings-Sunrise area of East Vancouver. It’s a 30km/h zone and there’s a park nearby frequented by the Tran’s and their neighbours. (CityNews Image / Sonia Aslam) Tran wants increased police enforcement in the area a couple of times a week to help curb the number of speeding drivers. “[I’m] scared for my kid’s life. He’s been such a great change in our lives to have him. He’s our first child and just knowing that drivers are going through and many times not paying attention, either they’re focused on getting to work or home on time or in a rush and they don’t watch,” Tran told 1130 NewsRadio. “He’s my first kid. I, obviously, care a lot for his well-being and obviously our own. It’s a terrible thought that he could get seriously hurt.” He says the number of near-misses in the area are concerning. “I’ve been in so many near-misses that it really is a matter of time until someone gets hurt or worse.” Tran suggests the city put up warning signs in the area to slow down. “The 30km/h sign clearly doesn’t have any effect to something that has flashing lights or something that gets attention would help.” The City of Vancouver tells 1130 NewsRadio it has a plan to improve the area . It says the entire neighbourhood will become a 30km/h vehicle travel zone by no later than next year. “Speed humps on Skeena St. between Turner and E. Pender St. [will be] installed 2024/2025. Raised crossings on Adanac Street integrated into future design between Rupert Street and Boundary Road [will be] installed sometime 2026 onwards,” it shared in an email . The city adds the overall goal is to improve safety for all road users and reduce vehicle speeds. Tran believes having some of the changes not kick in until 2026 is too late. “Of course, their intent is for improvement in the long-term but there’s a long two-year wait before something happens and in two years a lot of bad can happen if they don’t do something about it right now,” he said.

vancouver-west-end-tenants-fighting-more-phony-evictions
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Vancouver West End tenants fighting more phony evictions

ByCharlie Carey

Posted September 13, 2024 7:48 am. Last Updated September 13, 2024 12:00 pm. A Vancouver landlord with a history of losing tenancy board hearings recently lost another attempt to evict a renter from Park Beach Manor in the West End in late August, but some neighbours at the apartment say they’re still fighting phony evictions and harassment from the landlord. Park Beach Manor tenants and other supporters from the Vancouver Tenants’ Union crashed the doors of Plan A Real Estate – their corporate landlord – in Downtown Vancouver Thursday afternoon. “I’m delivering this letter on behalf of the Park Beach tenant collective, demanding you to drop the recent evictions for Jody and Jen,” said a tenant to a Plan A staff member, who opened the office door. “We have information they’re based on false information, mismanagement by Plan A’s payment platform and communication.” CLICK HERE TO LISTEN TO 1130 NEWSRADIO VANCOUVER LIVE! Park Beach Manor resident Paul Kot says some of his neighbours braced themselves when they heard Plan A was going to buy their apartment earlier this year. For months, supporters have been campaigning against Plan A’s alleged actions. “A lot of us do not feel safe in our own homes,” said Kot. Kot says the BC Residential Tenancy Branch (RTB) has granted two orders of repossession in his building, which gives the landlord the right to take back the units. He says another case has been granted an interim stay, which lets the tenant live in the unit until the judicial system can review the case. “There’s a lot of falsified information,” said Kot. “The two judges that sided for the interim stay have stated that there’s strong merit to the tenant’s case, since they were granted interim stay. So, I think the fact that the justice system does recognize that there’s merit to these cases, shows that Plan A doesn’t have very much to stand on.” Speaking to CityNews over the phone, Plan A’s managing broker Anoop Majithia says these tenants represent a small, vocal minority at the building, and maintains that Plan A has a good relationship with the majority of its renters. “We don’t actively go around harassing tenants or pick fights with tenants – we’re a professional landlord, we have hundreds of properties, and that’s not the way we conduct ourselves,” he said. But Kot alleges that Plan A gave false information to the RTB for its recent eviction rulings. Documents provided to the RTB. (CityNews Image / Kier Junos) A receipt showing the tenant’s August rent was paid in full. (CityNews Image / Kier Junos) That included a document showing a tenant didn’t pay enough rent in August, while a payment receipt from the same date shows the complete amount was paid. CityNews hasn’t been able to verify the accuracy of these documents, but as RTB information officer tells CityNews if a tenant feels concerned about fraudulent or incomplete evidence, they can make an appeal “Get together. Communicate with your neighbours,” said Kot. “Because at the end of the day, when a landlord comes in like this and harasses you and threatens you – it strips away your right to quiet enjoyment, and that should never be allowed.”

national-housing-market-in-holding-pattern-as-buyers-patient-for-lower-rates:-crea
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National housing market in holding pattern as buyers patient for lower rates: CREA

ByNews Staff

Posted September 16, 2024 6:54 am. The Canadian Real Estate Association says the number of homes sold in August fell compared with a year ago as the market remained largely stuck in a holding pattern despite borrowing costs beginning to come down. The association says the number of homes sold in August fell 2.1 per cent compared with the same month last year. On a seasonally adjusted month-over-month basis, national home sales edged up 1.3 per cent from July. CREA senior economist Shaun Cathcart says that with forecasts of lower interest rates throughout the rest of this year and into 2025, “it makes sense that prospective buyers might continue to hold off for improved affordability, especially since prices are still well behaved in most of the country.” The national average sale price for August amounted to $649,100, a 0.1 per cent increase compared with a year earlier. The number of newly listed properties was up 1.1 per cent month-over-month.

vancouver-chinatown-project-pivots-from-condos-to-social-housing
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Vancouver Chinatown project pivots from condos to social housing

ByKenneth Chan

The Brickhouse development site on the southern edge of Vancouver’s historic Chinatown will be pivoting into a 100% social housing project for its residential uses, removing all of the previous strata market ownership condominium uses. This follows the property’s sale to the Hogan’s Alley Society last year. As previously reported by Daily Hive Urbanized in April 2024, Bonnis Properties sold their property at 796 Main Street and City’s 2021-approved development plans to Hogan’s Alley Society in November 2023, with the non-profit organization paying the developer $20 million. On the same day the deal was finalized, the federal government’s Canada Mortgage and Housing Corporation (CMHC) provided Hogan’s Alley Society with a $25.2 million mortgage. The property is a 12,800 sq ft lot that is largely vacant but contains several small structures — the 1910-built two-storey building fronting Main Street, which contains the Brickhouse Late Night Bistro and Dive Bar, and a 1925-built single-storey building fronting Union Street, which previously housed the Jimi Hendrix shrine. Location of the approved design for 728-796 Main Street, in relation to the future developments on the city-owned blocks to the south, including Hogan’s Alley (right city block). (Studio One Architecture/Bonnis Properties) Brickhouse development site of 796 Main Street in Vancouver’s Chinatown. (Kenneth Chan/Daily Hive) Artistic rendering of the 2021-approved design for 728-796 Main Street, Vancouver. (Studio One Architecture/Bonnis Properties) This week, the City of Vancouver noted it had received an application to allow a change in residential tenure to 100% social housing. The building’s height will also increase slightly from 116 ft to 127 ft, which will enable more floor space — an increase in the floor area ratio (FAR) density from a floor area that is 6.79 times larger than the size of the lot to a density of 7.4 FAR. Other details on the revised project are not available at this time. This application, first submitted in June 2024, is being considered under the City’s Affordable Housing Policies. In February 2021, after a long delay, the previous makeup of Vancouver City Council approved Bonnis Properties’ rezoning application to redevelop 796 Main Street into an 11-storey building with 94 homes, including 75 strata market condominium homes and 19 social housing units, as well as over 6,000 sq ft of retail/restaurant uses. Artistic rendering of the 2021-approved design for 728-796 Main Street, Vancouver. (Studio One Architecture/Bonnis Properties) Brickhouse development site of 796 Main Street in Vancouver’s Chinatown. (Kenneth Chan/Daily Hive)

one-of-bc-ferries-busiest-vessels-taken-out-of-service-for-6-months
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One of BC Ferries busiest vessels taken out of service for 6 months

ByEmma Crawford

Posted September 7, 2024 1:24 pm. Last Updated September 7, 2024 1:30 pm. The Queen of New Westminster, one of BC Ferries’ busiest vessels, will be out of service for approximately six months, the company says. The vessel services the Tsawwassen to Swartz Bay sailing — BC Ferries’ busiest route. Earlier this week, the company announced the 60-year-old vessel was being pulled due to mechanical vessels after one of its propellers was sheared off, leading to the cancellation of all the ship’s sailings for the rest of the month. “A preliminary visual inspection seems to indicate the fracture of the propeller shaft could be related to structural fatigue,” BC Ferries said. “The required repairs are anticipated to be significant and include work on both the port and starboard propeller systems before the vessel can be returned to service.” The affected parts need to replaced by specially manufactured systems. Return to service will be reliant on “global parts availability and manufacturing timelines.” “This situation highlights the clear need for resiliency in our fleet to meet customer expectations, and it’s why we will be seeking approval from the Ferry Commissioner to build and add a net new vessel to our major routes,” said BC Ferries president and CEO Nicolas Jimenez. “If we had a backup vessel available, this incident would have had minimal impact on service. It underscores the importance of our fleet renewal strategy to ensure we have the capacity and resilience to manage unexpected issues and vessel repairs.” Recovery of the 10,000-pound propeller, which was found half-submerged in the seabed, took two days. BC Ferries says it is still assessing the impact this will have on its sailing schedule. It says it is looking to see if it can add sailings by using other vessels and adjusting its refitting schedule. With files from Cole Schisler.