REIBC - The Real Estate Institute of British Columbia E-Newsletter
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What do you think?

REIBC is always looking for feedback from our members. What do you think of our latest issue of INPUT magazine? Is there anything you would like to say about any of our events? Please send your comments to marketing@reibc.org with your name and contact information.


This is your chance to get recognized!

Do you have a newsworthy story?

Did you just get a recent promotion? Are you taking on volunteer work?

Do you know someone who should be recognized for their recent achievements?

If so, this is your opportunity to have a say in one of our upcoming newsletters. Just write a small paragraph and send it to info@reibc.org

Your article could be placed in an upcoming REIBC e-newsletter.


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November 2016

Member News!


BCIT Scholarship Awards Ceremony

Student Member Event

On Tuesday, November 15, 2016 the BCIT School of Business Fall Scholarships Awards Ceremony was held at the Willingdon Church in Burnaby. REIBC was invited to present the Bob Mikitka Memorial Award. Executive Officer, Brenda Southam was pleased to present a cheque in the amount of $887 to this year’s recipient, student member Dustin Kuzik.

Student members Chloe Hamelin, Hayden Ferrill, Lucas Raynor, Brittany Co, Richard Taunton, Isaac Foord and Chase Westersund were also recognized by others at the event.

 

BCIT Meet the Pros event wrap-up

Meet the Pros 2016

On Wednesday October 26th, the BCIT Real Estate Association was proud to hold their first event of the season.

Meet the Pro’s has been a semi-annual event hosted in conjunction with REIBC for many years. The first event takes place over the fall season and focuses on the residential side of real estate.

This has proven to be a wonderful opportunity for students to meet some of the RI designated professionals of REIBC. Meet the Pro’s has been invaluable to so many students as it has promoted networking and relationship building. The professionals involved provided insight into entering the industry as well as a few key tips to help build success.

On behalf of the BCIT Real Estate Association, we would like to extend a tremendous Thank you to all the professionals who took the time to meet with us. We look forward to keeping in contact and seeing you out in the industry!

Sponsored by: Campbell & Pound Real Estate Appraisers, Concert Properties & Judi Whyte – Royal LePage Sussex Realty

 
AIC-BC & REIBC Nanaimo Chapter Professional Development Day

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REIBC Nanaimo Chapter hosted an all-day event together with the AIC-BC Nanaimo Chapter on November 4th.

Deborah Francis of BC Assessment started the morning by providing insight into BC Assessments role in providing First Nations treaties with taxation valuation. Steve Blacklock of Jackson & Associates Ltd. provided examples of valuations, how appraisers value First Nations reserve for

land that is not assessed by BC Assessment and discussed the property tax assessment challenges on First Nation reserve. In the afternoon session Dr. Thomas Davidoff, associate professor at UBC Sauder School of Business, discussed the effect and impact of the new foreign ownership tax on real estate in Vancouver. Members were able to discuss with Dr. Davidoff how he sees this impact having a trickling effect onto Vancouver Island.

The event was well attended. Feedback from the members was that the topics were interesting and that the speakers were informative. We hope to hold similar events in the future.

 
Charles Johnstone, RI - UBC course update

Charles_Johnstone.jpg

I am pleased to let you know that UBC has just released a new course that will benefit residential real estate professionals.

Several years ago John Bridal, RI and I were discussing the challenges that residential real estate appraisers face and the lack of educational material available to them to broaden the scope of their practice. That realization started our quest to create a new course specifically for residential professionals that would provide them with the same leg up that has been provided to commercial real estate professionals since UBC began the real estate program.

It was interesting and highly satisfying to work with John on the course layout and design. Once the learning objectives (table of contents for the course) were completed, the real work began pull all the pieces together. Some of the material we needed already existed and only needed to be touched up but most of the material did not and had to be created from scratch. I had the opportunity to work with residential experts from across the country to create top quality content for each of the 11 lessons in the course.

Case Studies in Residential Valuation (BUSI 352)

This course illustrates the practical application of techniques for residential real estate appraisal. The case studies build upon foundational appraisal principles in examining a wide range of valuation assignments, including: market and feasibility studies, land valuation, multiple-unit residential buildings, rural properties, expropriation, review appraisal, and an assortment of specialized areas in real estate valuation practice.

It was a long road between that sudden brain flash that John and I had and BUSI 352 becoming a reality on Real Estate Division website. I think that the course is thought provoking, informative and challenges the status quo for what residential appraisers can and cannot do. John says that he believes it is a game changer. I would encourage the readers of Input to have a look here.

Charles Johnstone, FRICS, AACI, MIMA, RI is a past president of our Institute, who for reasons no one other than he can understand moved from Terrace, BC to Toronto, ON. Charles joined AEC Property Tax in 2004 as Director of Assessment and Tax Management. He is currently the Managing Director of Expert Witness Services and is responsible for the quality of evidence provided by their expert witness team across Canada. Prior to joining AEC, Charles worked for BC Assessment for 18 years in various locations throughout the province of British Columbia. Even though Charles lives in Ontario he has remained an active member of the Real Estate Institute of BC.


Chapter Recognition Event!


The REIBC Day of Recognition began in February, 2014. It was a day when all REIBC chapters and members came together to recognize members who have been with the Institute for 5, 10,15 and 20 years. Each chapter hosted an event in their region!

After a chapter meeting held in mid-November, it was decided that the Recognition event would become REIBC’s Week of Recognition and would be held from April 3-7, 2017. The change from a chosen day to a chosen week allows for some flexibility on location and to accommodate the possibility of having more members in attendance.

The Date of each event will be announced in the early part of the New Year, and all those being recognized will be contacted shortly thereafter!

We look forward to seeing you all at the REIBC Recognition Week from April 3-7!


Meet A Member

In an effort to meet more of our members, we will be showcasing member profiles in our monthly eNews. Let us know if you would like to be the next member featured!


Meet Rodney Sytsma, Student Member

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Rodney Sytsma graduated from the BCIT Real Estate Association in May 2016. During his tenure in the program he served as the VP Finance for the BCIT Real Estate Association. He has since begun his career in commercial real estate at CBRE as a Research Analyst. He is expected to transition into a brokering position by Q3 2017.

Rodney was drawn to this industry for opportunities that are affordable to those willing to work hard and make sacrifices. He thrives on constantly growing his market knowledge and industry insights to provide value in an ever-changing marketplace.

One of Rodney’s goals is to earn a trusted reputation in the industry based on his integrity, knowledge, and determination in an ever-changing marketplace.

Meet Connie Fair, RI

Connie Fair MTM

I started my career quite early because my Dad was a contractor and I spent much of my youth hanging around construction sites. I attended UBC completing the Bachelor of Commerce in Real Estate and have worked in various sectors of the real estate industry ever since. I am currently the President & CEO of the Land Title and Survey Authority of BC - and pretty recent in the role; I started at the end of January 2016. In this role, I learn about a different facet of the real estate industry and serve various stakeholders and customers in an organization that plays a critical role in the successful functioning of the real estate market; and the people are fun too!

My current goal at the LTSA is that I’d like to see the real estate industry and public make use of the ParcelMap BC.

It’s a province-wide, electronic map of active titled and surveyed provincial Crown land parcels that is available now (at no cost) through my LTSA Enterprise and my LTSA explorer. All regions in BC will be covered by ParcelMap by June 2017; we have just begun the process to reimage the electronic filing of land title applications to improve the customer experience.

I am from a large family! I have seven brothers and sisters with just over 9 years between the oldest and the youngest. I am right in the middle, so I guess you could say I’ve learned coping skills from a young age! Every year I do an “adventure trip” in the outdoors. This year, I went Kayaking in Haida Gwaii! Other years’ adventures included multi-day hikes, mountain climbing, cycling etc. Anything that gets me outside and is physically challenging makes me smile! And, I have a goal to consistently break 95 at golf!

Meet Shirley Brightman, RI

Shirley Brigthman

After graduating from BCIT with a Diploma in Landscape and Horticulture I worked briefly for the BC Ministry of Forests at the Skimikin Forestry Nursery near Salmon Arm. I relocated back to the Coast and started with the Agricultural Land Commission. My role as a Research Officer brought travel throughout the Province and the responsibility of providing technical support to the Commission in their adjudication of Agricultural Land Reserve non-farm use and exclusion applications.

 

Around this time I started part-time studies at SFU working towards my Bachelor Degree in Geography. However, wishing to further expand my educational and employment opportunities I took a 10-month leave of absence from the Commission and completed both an accelerated Diploma in Business Management (specialty Marketing) and the Canadian Securities Course.

I rejoined the Land Commission and returned to SFU (part time); got married in 1990 and completed my degree in 1991. I left Commission in early 1992 and started my career with the City of Burnaby. I initially worked as a Use Coordinator but transitioned to the management of their diverse and extensive commercial and residential real estate portfolio. In 2006 I completed my Diploma in Urban Land Economics (Property Management) through the Sauder School of Business.

I have held my RI designation for more than 10 years and still love real estate and my job with the City. Unfortunately, my husband passed away in 2006 when our son was 10. He is now 20 and a business student. He shares my love of travelling and classic rock music and has given me a great appreciation for baseball – his other passion. Now if I could just interest him in gardening!


REIBC Chapter Events

AIC-BC & REIBC Thompson-Okanagan Chapter Dinner & Speaker Presentaton
December 5, 2016, 5:30pm - 8:00pm
The Xchange
#200-1615 Dickson Avenue
Kelowna, BC
Register here

REIBC Chapter Holiday Reception

December 7, 2016 4:30pm - 8:00pm
Pinnacle Hotel Vancouver,
Vista 360 Room,
1133 W. Hastings, Vancouver
Register here

REIBC & AIC-BC Kootenay Chapter Holiday Reception
December 14, 2016 5:30pm - 7:30pm
Don Cherry's Sports Lounge at the Prestige Rocky Mountain Resort
209 Van Horne Street South
Cranbrook, BC
Register here


Make A Wish Foundation

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 REIBC's Charity Golf Tournament. We received the following email from it's CEO Ross Hetherington.

Dear Friends of Make-A-Wish,

Yancy’s wish to travel to Iceland 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 Yancy’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. We could not say ‘yes’ to so many inspiring children without your support. 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


Industry News

Have your say on Complex Stratas

For over 3 years REIBC has been involved with the BC Law Institute and their work on stratas. The following is the latest of consultation papers they have created. If you are interested in commenting on Complex Stratas please use the links below to make your comments.

Consultation Paper on Complex Stratas:

The British Columbia Law Institute began work on the Strata Property Law Project–Phase 2 in summer 2013. This consultation is the second published during the project. It deals with three legal devices for addressing concerns raised by complex stratas: (1) sections, which allow for the creation of mini strata corporations; (2) types, which allow for the allocation, to specific strata lots, of expenses paid for out of a strata corporation’s operating fund; and (3) phases, which allow for the development of strata properties in segments over an extended period of time.

Have Your Say!

The consultation on Complex Stratas will remain open until 15 January 2017. There are two ways to participate: complete our short Summary Consultation or weigh in with greater depth using our Response Booklet.

Download document (3184 KB)

Brent Olthuis joins BCLI Board of Directors

The British Columbia Law Institute is pleased to announce that Brent Olthuis of the Vancouver law firm Hunter Litigation Chambers has joined the BCLI Board of Directors as a Member at Large.

REIBC congratulates Mr. Olthuis and wishes him well.


Career Opportunities

Property Agent - BC Housing

Assessor III - City of Medicine Hat

Real Estate Assistant_2316 - BC Housing



Real Estate Institute of British Columbia
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