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May 2014
REIBC News
BC Land Summit
The 2014 BC Land Summit was held on May 14th-16th at the Sheraton Wall Centre in Downtown Vancouver. Building on the success of the 2009 Land Summit held up in Whistler B.C., the BC Land Summit Society planned and executed yet another successful event.
Keynote speakers Astronaut Chris Hadfield, BNN co-host and anchor Catherine Murray, Anthropologist Wade Davis and Queens Council Louis Mandell spoke to more than 750 delegates on four key areas of Land Use; Food & Agriculture, Law & the Land, The Natural & Built Environment and Water & the Land.
This year’s program also included a range of diverse elements including hands-on workshops, informative panel presentations and breakout session, as well as mobile workshop tours and many wonderful opportunities for professional networking.
Delegates of this year’s BC Land Summit attended a memorable networking event – the Summit Celebration Reception at the Vancouver Aquarium where they had a chance to network while being entertained by a pair of friendly otters, sea-lions and two beautiful dancing dolphins! The Closing Reception was held at the Telus World of Science where delegates networked and engaged in hands-on science experiments testing both their knowledge in the sciences!
The B.C. Land Summit thanks all of those who attended this year’s event.
Photo: President of the five organizations that make up the BC Land Summit Society; (left to right) Bryan Chambers of Appraisal Institute of Canada - British Columbia, Mandy Hansen of The Real Estate Institute of British Columbia, Jacqueline Lowe of British Columbia Society of Landscape Architects, Andrew Young of Planning Institute of British Columbia and Matthew Edgar of British Columbia Institute of Agrologists.
All Land Summit participants had the opportunity to take part in a fun, inclusive Scavenger Hunt. Participants were asked a number of questions that revolved around their Land Summit participation. We would like to congratulate the winners of the Scavengers Hunt at the BC Land Summit. A special REIBC congratulations goes to our members Joshua Kitsul, Cathy Colborne, Amanda Wilms, Michael Bose and Andrea Fletcher.
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1st prize Chris Hadfield’s book
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2nd Prize Wade Davis’ book |
3rd Prize 4 tickets to Science World
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| Joshua Kitsul |
Michael Bose |
Andrea Fletcher |
| Ann MacDonald |
Cathy Colborne |
Jennifer McGuire |
| Nancy McLean |
Deborah Sargent |
Jennifer Morrison |
| Janice Richmond |
David Whiting |
Elaine Naisby |
| Randall Sharp |
Amanda Wilms |
Cynthia Powell |
Langara Industry Night
On May 6, 2014 REIBC members representing a variety of real estate professions spoke at Langara during their Industry Night. This event is intended to introduce individuals interested in the profession of real estate to a range of practice areas and sectors. Given the diversity of the Institute's membership, we were able to bring in professionals from several fields. On hand to speak about their professions were: - Katya Teslenko, Appraisal, BC Assessment - Leslie Bessey, Property Management, Gateway Property Management - Daniel John, Residential Realtor - Eugen Klein, Commercial Sales and Leasing. Mandy Hansen was on hand to speak about the Institute, and its role in uniting the real estate profession under one multi-sector organization, and the importance of having professional designations as a symbol of a professionals achievements. It was a fun and informative evening, and we thank the members who gave their time to share their knowledge with the next generation of professionals.
E&O Insurance
REIBC has put in place a great rate for E&O Insurance. Are you doing depreciation reports? Do you require E&O Insurance?
If you are interested in E&O insurance don't delay. Check out our website here to find further details. Member News
Eugen Klein appointed to Board of Directors of the Land Title and Survey Authority
Eugen Klein, RI, was recently appointed to the Board of Directors of the Land Title and Survey Authority (LTSA) having been nominated by the BC Real Estate Association.
Eugen Klein is Principal of Klein Group, Royal LePage City Centre. Eugen has been a member of REIBC for the past 14 years. With his vast experience in real estate investment and property management Eugen admits that his fortes include corporate consulting, investment acquisition, and project marketing. Eugen also serves on a number of for-profit and not-for-profit boards, and serves as directory for the Arts Club Theatre. He also holds the ICD.D designation from the Institute of Corporate Directors. Eugen was also recognized with the “Top 40 Under 40” award by the Business in Vancouver in 2013 and was the recipient of the Bentall Kennedy Literary Award in 2010.
Congrats Eugen!
INDUSTRY NEWS
The British Columbia Law Institute reaches out to the public for opinion on reform
The British Columbia Law Institute is reaching out to the public for its opinion on proposals to reform how the Strata Property Act deals with the termination of a strata.
The full consultation paper, a summary consultation, a response booklet, a backgrounder, and a link to the survey is available at www.bcli.org. The consultation is open until September 30, 2014. Click here to view the full press release.
Leaky condo crisis rears its head again in B.C.
Do you remember the “leaky-condo” problems from a few years back? Evidence now suggests that a second wave in B.C.’s leaky-condo crisis is beginning to emerge!
With legislation having changed and depreciation reports being mandated on strata corporations it is becoming increasingly clear that the leaky-condo problem is far from over. The process of obtaining a depreciation report is forcing strata corporation to own up to the condition of their properties and the shortcomings of maintenance programs from structures that weren’t fixed in the first wave of repairs.
To read the rest of the story, published in the May 25th edition of the Vancouver Sun click here.
Historic Hotel Vancouver for Sale!
Two of Canada’s most famous hotels – Vancouvers Hotel Vancouver and Toronto’s Royal York have been put up for sale by Quebec’s Caisse, de depot et placement do Quebec. The Hotel Vancouver opened in 1939, for the visit of King George VI and Queen Elizabeth .The pension plan’s real estate division, Ivanhoe Cambridge now only owns 10 hotels down from a total of 70 from a few years back. The cost of maintaining historic properties has been soaring and a lot of thought had been put into whether or not more investment would be put into the hotels. Daniel Fournier, Chief Executive of Ivanhoe Cambridge said in an interview last year “They’re phenomenal assets, [but] hugely challenging because the capital required is immense, but you just know that something special could and should happen”.
The change in ownership could lead to significant alterations at the properties, although they will almost certainly continue to be run as Farimont hotels. Fairmont’s contract to operate both runs for several decades and the company will play a role in choosing the buyer.
To read the rest of the story in Friday May 30th Globe and Mail, click here. http://www.theglobeandmail.com/report-on-business/historic-royal-york-hotel-vancouver-to-be-sold/article18919200/
Advertising & Sponsorship
We continue to reach out to our members and various industry colleagues for both event and magazine sponsorship. With several events taking place year-round there is always an opportunity to meet your marketing needs. Whether you are looking for print advertising or PR type marketing we look forward to being your conduit to the real estate industry.
We have also diversified our newsletter advertising to include more options to better suit your advertising & marketing needs, click here to view our current newsletter rate card. Advertising on the REIBC Newsletter introduces your brand to individuals and corporations that make up your demographic. Whether you are in the Real Estate Industry or provide services to the Real Estate Industry, we are your connection.
If you have any questions regarding sponsorship or advertising please contact Margaret Hill at marketing@reibc.org
REIBC UPCOMING EVENTS
June 12, 2014
AGM at 5:00 p.m.
837 West Hastings St., Vancouver
June 12, 2014
Recognition Dinner at 6:00 p. m.
837 West Hastings St., Vancouver
Register Now
June 25, 2014
21st Annual REIBC Golf Tournament
Northview Golf & Country Club
6857 168th St., Surrey
For sponsorship opportunities contact Rob Reichelt @ 604-684-8394 ext. 5 or Richard Sirola @ 604-224-3612
All proceeds of the golf tournament are donated to
Title sponsor:
July 11, 2014
Take Me Out to the Ball Game, 6:00 - 8:30 p. m.
Nat Bailey Stadium, 4601 Ontario St., Vancouver
September 30 - October 3, 2014
REIBC Road Trip to Vancouver Island We are coming to:
Courtenay/Comox on September 30, 2014
Parksville - October 1, 2014
Duncan - October 2, 2014
Victoria - October 3, 2014 Save the dates! Watch for registration
December 4, 2014
REIBC 2014 President's Luncheon
Four Seasons' Hotel, 791 West Georgia St., Vancouver
Save the date!
Watch for registration
UPCOMING CHAPTER EVENTS
North Fraser Chapter - VIP Movie Night and Social Networking
June 4, 2014 at 5:30 p. m.
Silver City Coquitlam, 170 Schoolhouse Street, Coquitlam
Register here
Nanaimo Chapter Pub & Conversation Night
June 6, 2014, 5:00p.m.-8:00p.m.
Longwood Pub and Restaurant, 5775 Turner Rd, Nanaimo
Register here
INDUSTRY EVENTS
MIABC
The Mortgage Investment Association of BC has agreed to offer a special promotional rate for the upcoming Spring 2014 MIABC luncheons to all REIBC members. REIBC members will be entitled to the standard MIABC rate. REIBC members simply need to sign up online and enter the promotional code RIBC.
2014 Annual MIABC Charity Golf Tournament
June 09, 2014 - 11:45 a. m. - 8:30 p. m.
Morgan Creek Golf Course, 3500 Morgan Creek Way, Surrey, B. C.
NAIOP
"On the Radar" Tips and Tools for Career Progression and Promotion - Women Only Event 2014
June 3, 2014 - 12:00 p. m. - 1:15 p. m.
Dialog, 406 - 611 Alexander St., Vancouver
More info
June Breakfast Meeting – 2014
June 19, 2014 – 7:00 a. m. – 9:00 a. m.
Fairmont Waterfront Hotel – 900 Canada Place Way, Vancouver
Real Estate Foundation
Land Awards, October 17, 2014 Nominations are open for the 2014 Land Awards. Categories are: private, public and non-profit sector, and individual "Land Champion." Awards will be presented at the Land Awards Gala on October 17 th at Vancouver's Fairmont Waterfront Hotel. Join the Real Estate Foundation of BC and keynote, Peter Mansbridge, as we celebrate achievement in sustainable land use. Nomination deadline: June 2, 2014. You can nominate your own project or another's. For nomination criteria and gala details, visit www.refbc.com/land-awards.
Please contact Celina Owen with any questions.
UDI
U40 Vancouver Leadership Lunch with Mark Renzoni
June 11, 2014 - 12:00 p. m. - 1:30 p. m.
The location will be disclosed to the lucky winners
More info
UDI Vancouver Lunch - Beyond BC: Developing Opportunities
June 12, 2014 - 11:30 a. m. - 1:30 p. m.
Four Seasons Hotel, 791 West Georgia St., Vancouver
More info
ULI
Gathering of the Minds
June 13, 2014 - 7:30 - 8:30 a. m.
Blenz, Bentall 5, 550 Burrard Street, Vancouver
More info
Gathering of the Minds
July 11, 2014 - 7:30 a. m. - 8:30 a. m.
Blenz, Bentall 5, 550 Burrard Street, Vancouver
More info
Gathering of the Minds
August 8, 2014 - 7:30 - 8:30 a. m.
Blenz, Bentall 5, 550 Burrard Street, Vancouver
More info
BOARD REPORT
The Board met on April 24th by conference call for a short meeting.
The highlights of this meeting included the approval of the Terms of Reference for our member application review process. The Board continues to encourage new members to join our organization and this helps in that pursuit. The Board also reviewed some revisions to our interview forms for our professional and candidate members to help streamline this process.
Nominations for both the Board of Governors and Chapter Directors closed on April 24th and positions have now been filled for another 2 years.
Also, results of the Award of Excellence nominations will be revealed at the Recognition Dinner in June.
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