The Real Estate Compensation Fund Corporation (RECFC) is pleased to announce that Dougal Shewan RI, of Royal LePage Wolstencroft and VWR Capital Corp. in Langley has been appointed to the Board of Directors. RECFC was created by the BC Real Estate Services Act in 2005 to compensate members of the public for losses incurred as a result of fraudulent activity by a real estate licensee.
Dougal has been a member of the Real Estate Institute for the past 35 years. His service to the Real Estate Institute includes being a Director of the Fraser Valley Chapter from 1999 to 2001 and a member of the Membership and Admittance Committee from 1997 to 1999. Dougal is also the REIBC's 2013 Award of Excellence Recipient. You can read more about his many accomplishments here.
Ian Lindsay FRI, RI, was presented with the Citizen of the Year Award by the Qualicum Beach Chamber of Commerce on February 17, 2016 at a special Awards Event held on Vancouver Island. Ian was nominated for this award from within the community at large for his contributions locally, throughout the district and further afield.
Ian has been actively involved in both the community and his real estate profession for decades. He has been involved in a wide range of community, educational and environmental initiatives over the years.
Ian has been a member of the Institute for the past 15 years, and just recently celebrated his membership with the Institute at REIBC's Recognition Day. He is extensively involved in the residential, investment, commercial and project development sectors of the organized real estate through his office at RE/Max First Realty. Read more about Ian here
Bahareh Tabar, Student member
Every year, the REIBC gets to work closely with the BCIT Real Estate Association. We recently had the opportunity to touch base with a few of last years' graduates and have shared their stories. If you're a recent BCIT grad and want to share your story, please e-mail us at email@example.com.
Bahareh is a recent graduate of the Professional Real Estate program at BCIT. After graduating last May, she obtained her Commercial Trading Services license and has since started her career with Orange National Retail Group.
As an account manager she provides real estate consulting and market research services exclusively to regional, national and international retailers. She is thankful for the opportunity to develop under her managing broker, Lenora Gates; a respected figure and role model in this industry. Bahareh loves each diverse aspect of her career and thrilled to see what her future in this industry holds.
REIBC Charity Golf Tournament
We are pleased and excited to share Liam's story with you. Liam is one of the many children that was granted a wish with money raised at the 2015 REIBC Charity Golf Tournament. Thank you to all of our sponsors for making Liam's wish possible!
The REIBC continues to receive 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 REIBCs Charity Golf Tournament. We received the following email from it's CEO Mr. Ross Hetherington.
Dear Friends of Make-A-Wish,
Ben’s wish to have won ton soup with Canuck Alex Burrows came true thanks to all of you!
Every wish that you help us grant is unique and carries the wish child and their family from a place of uncertainty to a place of hope, but I can safely say that this is the first ‘have won ton soup with Alex Burrows’ wish that we have ever granted!
Here is Ben’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.
We grant wishes because wishes change lives.
We are on target to grant over 100 wishes this year and some of the wishes we are working on presently include: I wish to meet NBA MVP Stephen Curry; I wish to go skiing with my family at Big White; I wish to have my own backyard playhouse and I wish to meet Rapunzel!
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®.
Ross and the Make-A-Wish BC&YK Team
The 2016 Golf Tournament will be held on June 22, 2016 at the Richmond Country Club! Registration now open.
REIBC Recognition Day
The Chapters of REIBC hosted a series of events on February 18, 2016 to recognize 5, 10, 15, and 20 year members of the Institute. We heard back from a few of the Chapters and would like to share their thoughts and photos from the events.
Congratulations to all of our recipients!
North Fraser Chapter
"We were a small group but we were able to have an intimate conversation highlighting the diverse membership of the RI Group. We celebrated Debbie Girard's 20 years as an RI and raised a glass for who where unable to attend. Be on the lookout for our 4th Annual Movie Night in May. - Tina Lee, RI
Members who received recognition in the North Fraser Chapter:
Nick Damiani , 5 Years
David Thordarson, 15 years
Debbie Girard, 20 years
Chris McPhee, 20 years
"In Nanaimo, Morgan Carey of RealEstateWebmasters.com spoke to a group of 9 people. Morgan Carey, CEO of Real estate Webmasters Inc. drives billions of dollars in yearly real estate sales via his software and marketing company. Named as one of the 200 most powerful people in real estate (Swanepoel 2015 and 2016), Inman 100 Most Influential People (2016), Top 40 under 40 (2016), and finalist for coveted Ernst and Young Entrepreneur of the year for 2015. The group had a a great lunch in his restaurant called Rewsters and 4 people were presented with their certificates"
Members who received recognition in the Nanaimo Chapter:
Cameron Bezanson, 5 years
Maurice Primeau, 5 years
Julia Schlieman, 5 years
Janice Weninger, 5 years
Cheryl Blacklock, 15 years
Ian Lindsay, 15 years
Clifford McCool, 20 years
Garwin Wuerch, 20 years
(REIBC Governer Dan Wilson presented certificates : top left : Ian Linsday, bottom left, Janice Weninger, top right Julia Schlieman, bottom right, Maurice Primeau.)
Thompson Okanagan Chapter - Kelowna Venue
"The Thompson Okanagan Chapter was proud to present 10 year recognition certificates to Sean Hughes and Jordan Hettinga. We had a great evening at the Curious Cafe in Kelowna where we enjoyed delicious forno baked pizza and beverages, not to mention great conversations. Our third recipient Raymond Nickle will be presented his 15 year recognition award in the coming weeks. Thank you to all who attending and made this night a success". - Patricia Rantucci, RI
Members who received recognition in the Thompson Okanagan Chapter - Kelowna
Jordan Hettinga, 10 years
Sean Hughes, 10 years
Raymond Nickle, 15 years
Thompson Okanagan Chapter - Kamloops Venue
"7 members from the Thompson Okanagan region in Kamloops met for a drink and some appetizers at the Red Collar Brewery where Linda Havers, and Tiffany Simmons were awarded certificates in recognition of their membership with the REIBC. It was a nice way to get together with other members and unwind after a hard day at work" - Cathy Colborne, RI
Members who received recognition in the Thompson Okanagan Chapter - Kamloops
Tiffany Simmons, 5 years
Linda Havers, 10 years
Taso Gavriel, 15 years
(left to right: Michael Law, Daniel John, John Castle, Ed Shum, Simone D'Souza, Bahareh Tabar, Justin Allin, Andrea Fletcher, Clayton Moore, Rhiannon Carpentier, Amir Kaboodani,Nick Damiani)
On Thursday, February 18th, the Vancouver Chapter held their Recognition Day event at the Elephant & Castle downtown. Members came to network and enjoy a variety of appetizers/drinks as a thank you from REIBC. Mr. Ed Shum was awarded his 16 years recognition with the REIBC. Unfortunately he was missed last year and we wanted to make sure he too received his recognition! Members who hit milestones this year were recognized with certificates, so let’s congratulate the following recipients - Rhiannon Carpentier, RI
Bryan Peter Furman
Mark Von Marksfeld
G.W. Wayne Braid
Events were also held in the Cariboo Chapter, the Fraser Valley Chapter, the Kootenay and Victoria Chapters. These are the recipients:
Darcie Lindstrom, 5 years
Brent Morgan, 15 years
Sylvia Angus, 20 years
Steven Henderson, 20 years
Mehmood Chandel, 5 years
Peter Gibson, 5 years
Bryan Murao, 5 years
Lysia Murphy, 5 years
John Yannacopoulos, 5 years
Tara Burton, 10 years
Heather Laker, 10 years
Janice Hodge, 15 years
Bridget Houghton, 15 years
Marie Roset- Crawford, 15 years
Terry Sidhu, 15 years
Art Swenson, 20 years
Paul Mrazek, 15 years
Jacqueline Pascoe, 20 years
Darryn Beuthin, 5 years
Catherine DuBois, 10 years
Kevin Loggin, 15 years
Kent Boag, 20 years
Gregg Paton, 20 years
2016 BCIT Meet the Pro's Commercial
On Thursday February 25, 2016 the BCIT Real Estate Association, along with the REIBC hosted our “Meet the Pros” Event. This was part 2 of our Meet the Pros series, focused on Commercial real estate in Greater Vancouver. Our student members got the chance to meet and network with a half a dozen of the industry’s experienced professionals. This event is always a great opportunity for both students and members of industry to connect in a relaxed environment. The BCIT Real Estate Association is extremely grateful for the REIBC’s continued support of our program and our students. We want to thank President Andrea Fletcher, as well as both Brenda Southam and Maggie Hill for organizing and sponsoring this event for our student members." - Gage Marchand, President of the BCIT Real Estate Association
RI's by Occupation
We will be listing each members names in our monthly e-newsletters. Each month we will highlight different industry categories. This month we've listed Property Tax Consultants, Real Estate Education, Residential Realtor, Sales-ICI and Strata Manager. See below:
Property Tax Consultant
Danny Boyd, Cushman Wakefield Ltd.
James Davis, Altus Group Limited
Albert Hill, Glenhill Property Consulting
Charles Johnstone, AEC International
Peter Jones, Altus Group
Stephanie McNeil, Altus Group
David Nishi-Beckingham, AEC- Property Tax
Nolan Rivers, Altus Group
Marilyn Sanborn, Sanborn & Associates Inc.
Real Estate Education
Kevin Arndt, University of British Columbia
John Bridal, University of British Columbia
Andre Gravelle, UBC Sauder School of Business
Terrence Ma, UBC Sauder School of Business
Graham McIntosh, UBC Real Estate Division
David Moore, Sauder School of Business, UBC
Edwina Nearhood, Nearhood Appraisal Services
Michael Goldberg, Emeritus Professor, Sauder School of Business, UBC
Stanley Hamilton, University of British Columbia
Robert Bailey, ReMax Treeland Realty
Karen Benson, ReMax Bulkley Valley/Verico Complete Mortgage Services
Jennifer Clark, Nexus Realty Corp
Glen Darough, ReMax RHC Realty
Bryan Furman, ReMax Results Realty
Robert Greene, SMART Property Services
Philip Gustin, Sutton Westcoast
Grace Hwo, ReMax Select Properties
Nicole Isherwood, Royal LePage Brookside Realty
Daniel John, Sutton Group - Seafair Realty
Henry Chome Sun Jung, Hanna Realty (Kingsway)Ltd.
Dean Lapointe, Coldwell Banker Prestige
Kelly Lerigny, ReMax Nyda Realty Ltd.
Richard Lowe, ReMax Progroup Realty
Susan McGougan, ReMax Nanaimo
Sohan Parmar, Sutton - Centre Realty
Patrick Poon, Century 21 Real Estate Showcase
Neil Rawnsley, Royal LePage Coast Capital Real Estate
Ronald Reynolds, Caron Realty Corporation
Sheila Sontz, Dexter Associates Realty
Alnoor Teja, ReMax 2000 Realty
Claudio Tonella, Sutton Group - West Coast Realty
Shannon Vrlak, Westside Tom Gradecak Realty
Harold L. Waddell, H.L.Waddell & Associates Ltd.
Judi Whyte, Royal LePage Sussex Realty
John Zaikow, Westview Zaikow Realty
Sales - ICI
Robert Chasmar, Colliers Macaulay Nicolls Inc.
Patrick Conroy, Pat Conroy Appraisals
Allan Corbett, Paramount Realty Ltd.
Tim Down, Colliers International
Don Ellis, NAI Commercial
Michael Flack, Sutton Group - Showplace Realty
Dave Graham, Royal LePage East Kootenay Realty
Barry Groberman, Royal LePage Sussex Realty
Kenneth Hick, NAI Commercial
Bill Hobbs, Cushman & Wakefield Ltd.
Philippe-Alexandre Joubert, Cushman & Wakefield
David Ma, Macdonald Realty Westmar
Terry MacLeod, Temac Realty Ltd.
Dan McCarthy, ReMax Central
Mona Murray, MCM Real Estate Ltd.
Richard Osborne,Landquest Realty Corporation
John V. Peterson, Yellowhead Realty Ltd.
Ross Spina, ReMax Real Estate (Kamloops)
Christopher Sutton, Coldwell Banker - Slegg Realty
Scott Veitch, Century 21 Veitch Realty- Creston
Henry Wang, Royal LePage Westside
Mercedes Wong, Coldwell Banker - Prestige Realty
Lita Powell, Li-car Management Group
Investment Analyst - Real Estate - Insurance Corporation of British Columbia
Value of Vancouver home sales jumps 73% in January
Data released by the Canadian Real Estate Association on February 16 suggested that residential real estate market in Greater Vancouver continues to accelerate. The Greater Vancouver market is the strongest in the country and shows no signing of stopping.
In January the region saw $2.8 billion in home sales, which is up from $1.6 billion in January last year. The average sale price also jumped 31% to $1.08 million from $828,000 last year.
You can read the rest of the story here.
Landcor Releases Q4 Residential Sales Summary ( October - December 2015)
Landcor's quarterly residential sales summary reports on property sale volumes and sale values in British Columbia. Providing sales information on a regional level, the report compares average and median pricing for different property types.
Economist Will Dunning shares his insight on the housing market indicators in BC. He looks at employment rates, mortgage rates and residential sales data to provide an outlook for BC real estate in 2015.
Click here to view the Report
Downtown Vancouver's Bentall Centre- Sold.
The Financial Post reported in the February 17th edition that Chinese investors won one of the most important commercial real estate auctions in Vancouver history, swooping in to grab a controlling interest in all four towers of the Bentall Centre.
Sources confirmed to the Financial Post that Anbang Insurance Group Co. Ltd., a Beijing-based company with a reported US$114 billion in assets, is buying what amounts to a 66 per cent stake in Bentall I, II, III and IV — a sprawling commercial 1.5-million-square-foot office complex, with some retail, in the heart of Vancouver.
Click here for the rest of the story
Downtown Vancouver's Royal Centre - Sold.
German multi-billionaire Klaus-Michael Kuehne is close to a deal to buy one of Vancouver’s largest office towers, which houses Royal Bank of Canada’s British Columbia head office, the Financial Post has learned.
Kuehne, who Forbes estimates is worth about US$10.6 billion, is said to have paid about $725 per square foot for Royal Centre at 1055 West Georgia Street, a building owned by Brookfield Office Properties. Brookfield lists the office component of the 36-storey building at 493,000 square feet.
Click here for the rest of the story.
REIBC Upcoming Events
REIBC & AIC-BC , Valuing Diversity Conference
May 5-7, 2016 Tigh-Na-Mara Resort & Conference Centre
1155 Resort Drive Parksville, BC
Dinner Sponsor: Entertainment Sponsor:
AGM & Recognition Dinner
June 16, 2016
Sutton Place Hotel
845 Burrard Street
Save the Date!
REIBC Charity Golf Tournament
June 22, 2016
Richmond Country Club
9100 Steveston Hwy
The AIC-BC hosts a number of seminars, courses and networking events throughout the year for both AIC members and non-members alike.
Click here for the list of events
2016 Conference, Showcase, Annual General Meeting
March 31 - April 2, 2016
Marriott Pinnacle Hotel
1228 West Hastings St, Vancouver
The British Columbia Society of Landscape Architects is calling for presentations and papers for it's conference. For more information or to submit an abstract visit the info page here
Luncheon Panel Discussion: Bentall Kennedy and Sunlife Investment Management
March 8, 2016 11:45 am - 1:30 pm
Terminal City Club
837 West Hastings St. Vancouver B.C.
PAMA hosts a number of seminars, courses and networking events throughout the year for both PAMA members and non-members alike.
Click here for the list of events
PIBC is holding a webinar series on the theme of "agriculture". The webinars are schedule for the following dates:
Wednesday, March 30th 12:00 - 1:30 pm
Monday, April 25th 12:00- 1:30 pm
For more information or to register, click here
Annual Conference - Planning Unfiltered
May 10-13 , 2016
Delta Grand Okanagan Resort & Conference Centre
1310 Water St, Kelowna BC
Women of UDI - Beer Tasting at Big Rock Urban Brewery
March 9, 2016 5:30 pm - 8:30 pm
Big Rock Urban Brewery
310 West 4th avenue, Vancouver
Fraser Valley Development 101:Building Communities Together
March 10, 2016 1:30 pm - 5:30 pm
University of the Fraser Valley, Abbotsford Campus
33844 King Road, Building B, Room 101, Abbotsford B.C
Under40 Vancouver - Golf Social
March 10, 2016 5:00 pm - 7:00 pm
One Under Urban Golf Club
476 Granville Street, Vancouver BC
Bicycle Tour - False Creek Flats
March 4, 2016 2:45 pm - 5:45 pm
False Creek Flats
Registration and information
Urbanizing Okanagan Symposium
March 11, 2016 9:00 am - 4:30 pm
Irving K. Barber School of Arts and Sciences
3187 University Way, Kelowna B.C.
2016 Spring Meeting
April 19, 2016 - April 21, 2016
Pennsylvania Conference Centre
1101 Arch Street, Philadelphia, PA, USA