February 2019

It's that time of year!

REIBC Renewal notices will be emailed tomorrow, March 1, 2019! Please take this opportunity to make sure you can log into your member profiles and if required make any updates. If you've forgotten your password you'll need to click on forgot password and you will be prompted to create a new one.

If you require any further assistance or have any questions, give us a call at 1-800-667-2166 or 604-685-3702 ext. 103 or email info@reibc.org.

Welcome a new RI!

Whether you have years of experience or are new to the industry, REIBC is your key to career advancement and connection with the real estate industry. Professional members have achieved the RI designation, which provides employers and clients with instant confirmation of advanced levels of education and experience.

Help us welcome a couple of recently joined RI's who have shared with you their experiences, their communities, and their every day lives. We welcome these new RI's into our community!

Derrick Cheung, RI

I started my real estate career in 2004 at Seaspan in the Transportation, Shipbuilding and Defense Sector where the Supply Chain Management function included Real Estate accountabilities. Currently, I am Vice President, Strategic Sourcing & Real Estate for TransLink. I oversee procurement & contract management - over $1-billion in spend and $3-billion-capital program and consists of a variety of oversights including contract management such as P3 contracts. As well, I look after Real Estate, which includes: portfolio strategy, strategic acquisitions, transit-expansion real estate acquisitions, development, transit-oriented development, rights of way management, property management, etc. I also take care of Commercialization which includes all non-taxation, non-tariff-related sources of revenue for TransLink. In addition, I am responsible for TransLink’s Provincial Environmental Remediation Program.

The ability to have a positive impact on the region and my community is what I love most about my career. Maximizing the value for scarce taxpayer dollars – both in spend (value for money) and securing new non-taxation sources of revenue is a big part of my role and as I continue to personally and professionally develop, I would like to continue to develop and implement programs and practices that enable our region to grow in a sustainable manner. Our Regional Land Use Plan centers density surrounding TransLink’s key transit nodes; there is over 58M sq. ft. of planned and active development within TransLink’s right of way!

In my personal life, I am an avid traveler (probably comes from previously working in the air transportation business). Last year’s focus was predominantly Asia – Hong Kong, Taiwan, South Korea, Vietnam, Japan and China. Still haven’t been to South America and Africa yet, so lots to explore, and different cultures and parts of the world to see!

Claudia Leung, RI

I started my real estate career in 2004 and have since held various roles in property management, leasing, asset management, acquisitions and dispositions in the office, industrial, retail, and hospitality sectors. In 2017 I joined the Vancouver Fraser Port Authority, also known as Port of Vancouver. I manage a portfolio of tenants who lease federal properties managed by the Port, get involved in development and acquisitions, lease vacant Crown land, and provide real estate input and advice for and participate in major Port infrastructure projects.

Spending all of my past years in the private sector, I have always wanted to contribute my real estate skills and experience in a bigger, more-than-just-for-profit context. The Port is a very business savvy but also very socially responsible organization with a mandate to drive economic prosperity for Canada through trade, while doing it with community engagement and in an environmentally sustainable way. I feel good working for such an organization. I also love the exposure to and the opportunity to contribute to major infrastructure projects undertaken by the Port that is making real impacts on Canada’s economy and people’s everyday lives.

I love traveling and have had the best and most humbling travel experience during a university exchange term in Singapore, and mission trips to Ukraine and Kenya. The other humbling and tremendously rewarding experience that continuously shape me is learning to be mother to my 3.5-year-old daughter. I am passionate about community involvement and social causes and sit on various church committees tackling issues such as poverty, homelessness and welcoming refugees.

Member news

Orville Lim, RI

Orville Lim, RI, was awarded the outstanding achievement award for Heritage Conservation. The presentation of awards will take place at the annual conference to be held in Nanaimo, May 10, 2019. Heritage BC presents the Annual Awards celebrating the outstanding and significant achievements in heritage conservation of individuals, organizations, groups, businesses and government in communities across B.C.

Orville Lim struck and led a committee of volunteers for the Lim Sai Hor Kow Mock Benevolent Association Heritage Building located at 531 Carrall Street in the National Historic Site Vancouver Chinatown, having been a lead proponent of the project since 2003. The building is the oldest of 13 Chinatown Non-profit Society Heritage Buildings, originally constructed for the Chinese Empire Reform Party in 1903.

The conservation project demonstrated that extensive exterior restoration work is achievable and that the restoration of these Chinese Association Buildings are a key and necessary element in maintaining the core heritage character of Vancouver's Chinatown and in propelling this valuable heritage area toward urban renewal.

To read the Conservation Project Summary click here.

BC Land Summit

Don't forget to register for The 2019 BC Land Summit: Collaborations & Connections taking place at the Westin Bayshore, Vancouver from May 8-10, 2019!

The Preliminary program is now available, click here to check it out. Early Bird Registration is open until March 15.. Be sure to register now!

Click here to register

About the 2019 BC Land Summit:

The BC Land Summit is the premier collaborative conference providing interdisciplinary education, professional development, training and networking opportunities for professional practitioners in fields related to land and land-use in British Columbia, and beyond. The BC Land Summit is comprised of five professional organizations; The Appraisal Institute of Canada-BC Association, The BC Society of Landscape Architects, The BC Institute of Agrologists, The Planning Institute of BC and the Real Estate Institute of BC.

Join us in Vancouver - May 8th-10th, 2019 - for this unique conference, with keynote speakers: Sheila Watt-Cloutier, and Edward Glaeser, as well as featured evening entertainment presenter Mark Critch.

REIBC Charity Golf Tournament

The 26th Annual REIBC Charity Golf Tournament is taking place on June 26th, 2019! We're once again at the Richmond Country Club, located at 9100 Steveston Highway, Richmond.

Please contact the office at 1-800-667-2166 or 604-685-3702 ext. 104 if you would like to donate for the live or silent auction! We're always looking for great prizes so that we can continue raising record amounts to donate to the Make-A-Wish Foundation of BC & Yukon.

Upcoming Events

Retail, Office, Industrial ... What's Happening?
March 14, 2019 11:30 am - 2:00 pm
Fairmont Waterfront Hotel, Mackenzie 1 room
900 Canada Place, Vancouver
Register here

Webinar: Real Estate in the Northwest in the wake of LNG Canada's final Investment Decision
Guest Speaker : Graham Pitzel, Realtor, Re/Max Kitimat
March 21, 2019 12:00 pm - 1:00 pm
Register here

Upcoming Webinars

Save the date for some great webinars! Registrations for each of the following webinars will be available 3 weeks prior to each webinar.

April 25, 2019 : Real Estate Analytics with Michael Ferriera, Managing Principal of Urban Analytics

May 30, 2019: Agricultural Land Commission, How recently amended ALC legislation applies to real estate professionals.

September 26, 2019: Highest and Best Use Analysis

October 31, 2019 : Non-Resident ownership of Property from around the world.

Industry Information

Vancouver Real Estate Forum

The 26th annual Vancouver Real Estate Forum returns on April 4th at the Vancouver Convention Centre West. The Forum will focus on the city’s continuing trends and challenges as it relates to foreign capital, housing affordability, record low vacancies and more. What are the opportunities still present in the market? Where is foreign investment into Vancouver coming from and why? Can municipalities and developers align on producing more affordable housing?

Join over 1,200 executives for a program that will feature some 60 experts and leading practitioners examining the trends and challenges facing those active in the ownership, management, leasing, financing, and marketing of commercial, industrial, investment, and residential real estate.