Member News

REIBC News 

Stephen Marguet receives his 25 Year Recognition
Governor Greg Steves presented Stephen Marguet with his 25 Year Recognition.  Stephen’s senior management team was also in attendance.  Governor Greg says, “It was nice to recognize him in front of his peers and supervisor. Here is a picture of him and his team. ”

Congratulations Stephen.

 

REIBC launches new Website
On August 25, 2015 we launched our new website. This site is much different than in the past; the premise of this site is to promote you! That being said, you should update your bio as the fields are larger and please include your photo. This is another tool for you to promote yourself and we are pleased to assist you.

 IMPORTANT Message about OCCUPATIONS

Many of you have clicked off a number of occupations that you are involved in. After much discussion it was felt that the member profile needed to have a primary occupation and a secondary occupation. Please login to your member profile and select primary and secondary occupation. This is how you will be searched. 

For now if you had more than one occupation checked off, we chose 2 of them to be on the site.  It was totally random, so it may not be correct.  Please review your profile and make any necessary changes so that your occupation is correct. The RI logo with Designated Real Estate professional is available on the site under members only. We encourage you to login and use it on all of your printed material and your website. 

We hope you like the new website and as always we appreciate your feedback and any thoughts you may have.  Please direct any comments, questions, or suggestions  to info@reibc.org and we will get back to you . 

 

Play Ball!
On August 26, 2015 REIBC sponsored a Vancouver Canadians game to display the new logo and to start the campaign that RIs are designated, educated, experienced and connected!  The ball game was sold out (6,013) people and there were over 40 people with the Institute group.  Past President Jason Grant threw out the first pitch and we debuted a commercial regarding the RIs.  You can see that commercial on our new website.

The Canadians lost the ball game, although everyone that attended had a great time and now we continue to move forward with letting everyone know what the RI designation stands for.

Thank you to everyone who participated and made this evening a memorable one for the Institute. 

 

Ben Wedge, Student member 

 
Ben Wedge, Vice President of Communications for the BCIT Real Estate Association 2014-2015, graduated from BCIT in the summer of 2015. After graduation Ben took a position with the Specialized Assets Group at Jones Lang LaSalle, a global commercial real estate firm. His new position involves due diligence and research for the assets that the two senior brokers of the group valuate and market. With “specialized assets” ranging from private islands, to marinas, to golf courses, Ben is excited about and enjoying the work that he is currently doing. He is thankful for the networking functions that REIBC put on – they were fun, and helped him get an understanding of what he might want to do after graduation.

 

 
Industry News

DTZ and Cushman & Wakefield Merge

The merger of DTZ and Cushman & Wakefield is complete as both companies start today as a new company under the iconic Cushman & Wakefiled name. 

The following is a press release from Brett White, Chairman & CEO: 

Today, we are a world-class company with revenues of $5 billion and more than 43,000 employees in over 60 countries. In serving our clients, we completed sales transactions valued at $191 billion in 2014, and oversee a property and facilities management portfolio totaling 4.3 billion square feet.
 
The new Cushman & Wakefield is a top-tier global commercial real estate firm in every service line and across every major geography in the world. Put simply, we now have more resources and experience to serve the needs of our clients—from local real estate projects to the most complex global initiatives.Confidently global and expertly local

As we begin this new stage in our history, we’re also unveiling a new corporate logo which reflects the legacy of a trusted global brand, draws on a wider history, and positions our firm for the future.

We view today's announcement as a milestone on our journey to be the best firm in our industry. As our business is growing and evolving, some things will remain unchanged. Our commitment to our clients is at the heart of all we do, and you can expect a strong bias for action, a rigorous focus on results, and a dedication to creating value through insight.

Please join us in celebrating the new Cushman & Wakefield! On behalf of my 43,000 colleagues around the world, I can say that we’re motivated to bring the power of our new, enhanced platform to life for you and your business.

 

Rent Increases

Landlords can only increase the rent once a year by an amount permitted by law or an additional amount approved in advance by an arbitrator – they need to use the right form and give the tenant three full months’ notice of the rent increase.

• The maximum allowable rent increase changes each year. The limits for residential tenancies and manufactured home park tenancies are different. For residential tenancies, the standard allowable rent increase for 2016 is 2.9%
• For manufactured home park tenancies, the standard allowable rent increase for 2015 is 2.9% plus a proportional amount for the change in local government levies and regulated utility fees.
  More details

 

Pembina Institute - Pathways to Net-Zero Buildings in B.C.
Past President Mandy Hansen was appointed to the Board of Governors of the Real Estate Foundation of BC in April of 2015. Mandy participated on behalf of the Foundation at the Pathway to Net-Zero Buildings Thought Leadership Forum hosted in early June.

The following is the information from Pembina Institute.

We've been busy writing up a summary report from our Pathways to Net-Zero Buildings that we hosted in early June. The report is now available on our website.

At the forum, the Pembina Institute brought together over 80 individuals representing over 50 organizations, institutions and companies, including representatives from local and provincial government, the building industry (e.g. developers, builders, architects, engineers, and consultants), utilities, and research/advocacy groups.

Participants discussed what is needed to evolve provincial building standards so that all new buildings are "net-zero ready" (i.e. so energy efficient that they could generate on-site as much energy as they consume over the course of a year) within the next 15 years.

We believe B.C. can make a leap to net-zero ready buildings by 2030. How? Check out the policy proposal section of the report to find out. Here's a sneak peek: we call for significant investments in pilot programs (similar to Brussels' Exemplary Building Program), for the B.C. government to lead by example and require new public buildings to be net-zero ready, and for a transparent process to set future energy efficiency requirements in the B.C. Building Code so that industry can plan ahead.

The government currently seeking input on its Climate Leadership Plan, and the building sector is a key area being considered for reducing carbon pollution. We wanted to make our recommendations broadly available to help inform your input into this process.

 

CMHC - Affordable Housing in Canada (A look at best practices in co-op housing)

• An affordable first for Manitoba co-op:
  Western Manitoba Seniors Non-Profit Housing Co-op has not only created affordable housing in Brandon, it’s the first co-op in the province to use the unequal equity funding model to help with affordability. Read more…
  For more Canadian affordable housing successes, read our Project Profiles and Testimonials.
• For Windmill Line Co-op, good governance along with sound financial management has paved the way to future growth. Watch this video Windmill Line Co-Op on good governance to see Windmill’s journey to co-op housing excellence.
• Sign up for our live Webinar
  Our web forums return in September with a session (offered in French) on innovative financing solutions. Sign up today!
• 6-step plan for housing success
  A management plan provides direction for a housing project, including how to maintain control of all financial and physical operations. Need help getting started on your plan? Here are six steps to Developing a Management Plan.
  Interested in learning more about best practices in managing your housing? Read our fact sheets on Governance and Financial Management.
• Reducing operating costs with the help of volunteers
  Did you know that volunteers can help reduce property management and maintenance costs? Learn more in our strategies and case studies on Using Volunteer Resources and Involving Tenants in Decision-Making.

 

Job Postings

Assessment Coordinator/Analyst - The City of Red Deer

REIBC Upcoming Events

President's Luncheon

December 3, 2015
11:30 a.m. - 1:30 p.m.
Four Seasons Hotel
791 West Georgia St., Vancouver
More info

Mark your calenders, Registration begins in September.

Guest Speaker: Ms. Connie Fair, President & CEO of BC Assessment Property Assessments to Property Information

Since its inception in 1974, BC Assessment has earned a reputation as one of the world's leaders in property assessment. Mastering property assessments has meant the collection and analysis of extensive property data.  What’s the value of this data? How can it be utilized beyond BC Assessment and shared with property owners, governments, realtors and researchers? Making the shift from property assessment to property information involves an evolution of work,  people, partnerships and relationships. It requires a carefully prepared pathway for organizational cultural change and the resilience to overcome challenges and resistance along the way.  In short, it requires a fundamental change in the way things are done and how the organization views itself. Join Connie Fair, President & CEO of BC Assessment, as she describes BC Assessment’s transformation from producer of valued property assessments to provider of valuable property information.

Upcoming Chapter Events

REIBC Vancouver Chapter Holiday Reception

December 9, 2015
Pinnacle Hotel Vancouver Harbourfront
1133 West Hastings St, Vancouver
Watch for registration

REIBC Golf Tournament

Each year for 23 years the Real Estate Institute of BC holds a charity golftournament  to raise funds for Make A Wish.  Here’s a story about how the funds raised helped a young person and their family.  Thank you to all of you who participate in the tournament.

Industry Events

The Canadian Property Tax Association

49th Annual CPTA National Workshop
"The Changing Tides of Property Tax"
September 27 - 30, 2015
The Marriott Harbourfront
Halifax, Nova Scotia
More info

CREW

10 Year Anniversary Celebration Luncheon
September 16, 2015 - 11:30am-1:30 p.m.
Vancouver Club - Grand Ballroom
915 West Hastings Street. Vancouver
More Info

2015 Crew Network Convention & Marketplace
September 30, 2015-October 3, 2015 - 8 a.m.
Hyatt Regency Bellevue
Seattls Eastside, Bellevue Washington, USA
More Info

IREM BC Chapter 50

50th Anniversary Celebration Dinner & Dance
September 25, 2015 6pm - 1 am.
Pinnacle Hotel Vancouver Harbourfront
1133 W Hastings St., Vancouver
More info

IRWA

International Right of Way Association Chapter 54's course offerings:

C421 - Valuation of Partial Interests
September 14 - 17, 2015

C603 Understanding Environmental Contamination in Real Estate
September 18, 2015

SR/WA-C Review Study Session & Exam
September 21/23, 2015

304 When Public Agencies Collide (public sector conflict management)
September 23, 2015

303 Managing the Consultant Process
September 24/25, 2015

Course 100C Principles of Land Acquisition 
November 3, 2015
Course Location:  BCIT Downtown Campus, 555 Seymour St., Vancouver

 MIABC

October 2015 Luncheon - Avtar Bains, President of Premise Properties
October 20, 2015 - 11:45 am - 1:30 pm
Terminal City Club
837 West Hastings Street, Vancouver
More info

PAMA

The current versions of the Real Estate E&O Insurance Legal Update for Strata and Rental Property Managers are open for registration.

REP8 - Real Estate E&O Insurance Legal Update for Strata Property Managers
Date: October 27, 2015
Time: 09:30 - 15:00
Location: Italian Cultural Centre, VANCOUVER
Presenter: Elaine McCormack - Alexander Holburn Beaudin + Lang LLP
DETAILS    ON-LINE REGISTRATION

REP7 - Real Estate E&O Insurance Legal Update for Rental Property Managers
Date: November 18, 2015
Time: 09:30 - 15:00
Location: Italian Cultural Centre, VANCOUVER
Presenter: Lisa Mackie - Alexander Holburn Beaudin + Lang LLP
DETAILS    ON-LINE REGISTRATION

PIBC

Central North Chapter Conference
Planning for Hazards
September 16 - 18, 2015
Prince George, BC
More Info

UDI

Luncheon "Future of Planning in Vancouver" - Speaker: Brian Jackson
September 17, 2015 - 11:30 am - 1:30 p.m.
Hyatt Regency Hotel
655 Burrard St, Vancouver B.C
More Info

Vancouver Breakfast " Thermal Bridging Guide"
September 24, 2015 - 7:30am - 10:30 am
Hyatt Regency Hotel
655 Burrard St. Vancouver B.C. 
More info

Women of UDI Networking Night
September 30, 2015 - 5:00p.m. - 7:00 p.m.
Perkins & Will
1220 Homer Street, Vancouver B.C.
More info

ULI

Re-imagine Downtown Vancouver Jam Session
September 9, 2015 - 3:30-5:00 p.m.
Deloitte
2800 1055 Dunsmuir St. Vancouver B.C. 
More info

Webinar: Mixed use and Urban Redevelopment - Two Case Studies
September 16, 2015 - 8:00am-9:00 am.
Webinar
More Info