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This years' speaker was Ms.Connie Fair, President & CEO of BC Assessment. Her presentation titled Property Assessment to Property Information gave our guests some insight into changes that have been taking place at BC Assessment making the organization more transparent and consumer focused. We invited Mr. Peeter Wesik , President of Wesgroup Properties to this years' event as a special guest. After everyone had the opportuity to enjoy lunch Mr. Wesik was presented an honourary RI membership by President Andrea Fletcher. (You can read more about Peeter Wesik below) This year were were also pleased to have had the pleasure to once again invite the 2nd year class of the BCIT Professional Real Estate Studies program. After the success of last years' event, program director Bill Phillips has made attendance to the Presidents Luncheon part of the classes curriculum. This would not have been possible without the support of our sponsors. Thank you to Premise Properties, Homeowners Protection Office - Branch of BC Housing, Sutton Seafair Realty, and VWR Capital for your support of this years students. After a delicious lunch and Connie's presentation, we ended the event with some great giveaways. Three prizes were given away: the 1st was two tickets to a Canucks vs. San Jose March 3, 2016 game and a weekend night stay at the Marriott Airport Hotel; Michael LaPorte, President of the Real Estate Institute of Canada, Greater Vancouver Chapter was the winner. The 2nd prize was 2 tickets to a Canucks vs. Anaheim Ducks game and 2 tickets to the Fraser Valley Chapters Cirque Musica Holiday Spectacular won by Laura West from Coldwell Banker, Prestige Realty. Our final prize of the evening was a full conference registration and accomodation to the REIBC & AIC-BC Valuing Diversity Conference which will be held on May 5,6, and 7th at the Tigh-Na-Mara Resort & Spa in Parksville. Nancy Skeels, REIBC Chapter Chair for Nanaimo was the big winner! As always, this event would not be possible without the support of our sponsors. Thank you for your continued support! We look forward to next years event! Event Sponsor: The Real Estate Foundation of BC Table Sponsors: BC Assessment, ConEcon, Real Estate Board of Greater Vancouver, Sauder School of Business Real Estate Division, Society of Notaries Public of BC, WPJ McCarthy & Company Photography Sponsor: Turner Meakin Management Co. Grad Student Jacob Wetzel was awarded the George Oikawa Scholarship for the 2015 Winter Academic Session. Jacob is a Grad student in the Director of Philosophy of Business Administration program at UBC. The George Oikawa scholarship of $1,000 is offered by the Real Estate Institute of BC in honor of George Oikawa whose dedicated work as a Governor of the Institute, guest lecturer and respected real estate practitioner epitomizes the highest standards of the Real Estate Institute of BC. The scholarship is awarded to a graduate student in the Urban Land Economics program and is made on the recommendation of the Faculty of Commerce and Business Administration, in consultation with the Faculty of Graduate Studies. Congratulations Jacob! Members NewsConnie Fair, RI Connie Fair, RI - started at BC Assessment in 1993 in the Policy and Legal Dept. She held 3 other positions in BC Assessment and then in 2008 became the President and CEO. Connie saw many changes in her years at BCA and was instrumental in moving the organization forward with the new IT that they use now and making the assessments accessible to everyone. On January 28, 2016, Connie will become the CEO of the Land Titles and Survey Authority. REIBC wishes her the very best in her new position.
Peeter Wesik
Mr. Peeter Wesik was awarded with an Honorary RI at this years' Presidents Luncheon. Peeter is the President of Wesgroup Properties, a long term holder and developer of industrial, commercial and office properties. Wesgroup was started as a family business in British Columbia more than 50 years ago. Today they are one of Western Canada’s largest private real estate organizations with a diversified portfolio spanning residential and commercial real estate in most asset classes. They own and manage over 2.2 million square feet of commercial property and they have built more than 6,000 homes in 100 communities. Wesgroup has also invested in the equipment sales and service business under the brand names Williams Machinery and Westerra Equipment, with 8 branches located throughout British Columbia. Peeter has over 30 years of experience in corporate law, corporate acquisitions, real estate investing, mortgage lending, and structuring and negotiating complex transactions. He has a BA. and a B.Law from UBC and previously practiced law as a partner at Russell & DuMoulin (now Fasken Martineau DuMoulin). Peeter is involved in numerous industry associations including the Urban Development Institute where he served as Director and Past President and is a current Director of the Royal BC Museum. David Highfield, RI
David Highfield is an Accredited Appraiser with the Appraisal Institute of Canada and has been an RI for the last 12 years. "The Board of Directors will be conducting an extensive search during 2016 to fill this important leadership position on a permanent basis" says, Board Chair Judy Rogers. Congratulations David! Read the entire news release here Edith Chan, RI In mid-September we sent a survey out to our members regarding the REIBC and AIC-BC joint conference; Valuing Diversity. While in the process of choosing a venue we reached out to ask your opinion on where the best location would be for our bi-annual conference. We recieved some great feedback, thank you. All those who completed the survey were entered into a draw to win one free registration to the event. The winner is Ms. Edith Chan from Canadian Forest Products Ltd. Congrats Edith & we look forward to seeing you in May! REIBC Charity Golf TournamentThe REIBC continues to recieve updates on the great wishes that are being granted by the Make-A-Wish Foundation of BC & Yukon as a result of many charitable donations, including dollars from our REIBCs Charity Golf Tournament. We recieved the following email from it's CEO Mr. Ross Hetherington. Dear Friends of Make-A-Wish, Hannah’s wish to go to the Disney Resort Aulani in Hawaii came true because of you! Each wish that you help us grant carries the wish child and their family from a place of uncertainty to a place of hope. Here is Hannah’s Circle of Joy wish story with our heartfelt gratitude for helping us share the magic of a wish with so many inspiring kids throughout our province. It is our hope that you will share it with your groups, teams, employees & friends. We grant wishes because wishes change lives. Disney wishes continue to be our most wished for wishes but some unique first time wishes this past year included: ‘I wish to go to the Lego Factory in Denmark’; ‘I wish to have a baseball equipment shopping spree’; ‘I wish to meet Marvel Superhero Deadpool (Ryan Reynolds); I wish to be a voiceover actor on the animation TV show My Little Pony’; and coming up in January we will be granting Ben’s wish who wished to have won ton soup with Canuck Alex Burrows! From all of us at Make-A-Wish, but especially from our wish kids, thank you for helping us share the power of a wish®. Our best wishes to you and yours this holiday season and much hope, strength and joy for the coming year. Ross and the Make-A-Wish BC&YK Team Mark your calenders for REIBCs Golf Tournament which will be held on June 22, 2016 at a brand new venue, the Richmond Country Club! We look forward to helping grant more wishes in the New Year. REIBC Chapter EventsCirque Musica Holiday Spectacular Vancouver Chapter Holiday Reception
The 2015 Vancouver Chapter REIBC Holiday Reception was a great successs with over 100 RI members in attendance. Hosted at the Pinnacle Hotel Downtown in the VISTA 360 room overlooking the Vancouver Harbour and Stanley Park, this festive event provided a great opportunity to mix and mingle. As Keith MacLean-Talbot (Chapter Chair) mentioned in his address, the combination of all the real estate knowledge and variety of professionals represented by the RI professionals in the room could service any real estate need in the province. Donovan Collins (owner of Donovan Collins Appraisals) won the 1st grand prize of a 2 night stay at the Black Rock Oceanfront Resort in Ucluelet and Wayne Lee (Vice President of Property Services at Gulf Pacific Group) won the 2nd prize of a 2 night stay at the Watermark Beach Resort in Osoyoos. On behalf of the Vancouver Chapter, we wish everyone a Happy Holiday Seaon! RI's by OccupationWe will be listing each members names in our monthly e-newsletters. Each month we will highlight different industry categories. This month we've listed Engineers, Financiers, Land Acquisition/Management, Leasing, Lawyers and Managers. See below: Engineer: Mosaddeque (Sami) Ahmed, FortisBC Financier: Land Acquisition/Management Colleen Bohun, FortisBC Energy Inc. Leasing Adriana Appel, Fraser Health Authority Lawyer David Berger, Real Estate Council of BC Manager Rod Adam, Arbor Commercial Real Estate Services Board ReportBoard Report The Board of Governors attended a facilitated session on December 3rd, 2015 to discuss organizational structure and its impact on membership service and engagement. Issues arising from the meeting will be explored and discussed by the Board over the next several months. The December in-person Board meeting was held by on December 4th, 2015.
The next board of Governors meeting will be held by conference call on January 28th, 2016. Respectfully submitted by: Sean McGinnis, RI Career OpportunitiesProperty Representative 2, Site C - BC Hydro Industry NewsChanges to Vancouver's Housing Market In recent weeks changes have been made to the housing market in Canada. On December 11th a news bulletin was released announcing that the federal government was hoping to change minimum down payments required for some homes in an attempt to cool the hot housing markets in Canada's hub cities:Vancouver and Toronto. Finance Minister Bill Morneau announced the minimum down payment for a $500,000 home will remain at 5% but an additional 10% down payment will apply for anything beyond that. You can read the Business in Vancouver article here A few days later another article surfaced, also in the BIV, that suggested that it would not, in fact, have any effect on the "high end" of the Vancouver market- which now includes modest detached family homes - even as the United States Federal Reserve's expected interest rate hike will likely make Vancouver real estate even more attractive to investor buyers. REIBC Upcoming Events2016 Valuing Diversity Conference Industry EventsAIC-BC CREW PAMA UDI ULI Happy Holidays from the Board of Governors and staff at REIBC! |
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Real Estate Institute of British Columbia  , the mark of a qualified professional. All rights reserved.1750 – 355 Burrard St., Vancouver, BC V6C 2G8 Tel: (604) 685-3702 Email: info@reibc.org [[UNSUBSCRIBE]] |
On December 23, 2015 BC Assessment announced that David Highfield, currently the VP of Assessment, Field Operations, had been appointed by BC Assessment's Board of Directors to interim President and Chief Executive Officer of BC Assessment as of January 1, 2016.
