‘Don’t always go up’: Bulk of Metro Vancouver presale condos sold in 2022 and 2023 now appraised below original price
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HOME BUYERS – To get the best exclusive listings visit www.vreg.ca and go to “EXCLUSIVE DEALS”
Posted September 19, 2024 7:55 am. Commuters heading to the Massey Tunnel can expect another day of gridlock with no word on how the replacement project is going. Delta Coun. Dylan Kruger isn’t happy, as the B.C. government hasn’t provided much of an update on the replacement project. Kruger’s wondering what’s going on. “We should have had a new crossing completed over two years ago … to relieve what is the biggest bottleneck in Metro Vancouver — over 100,000 commuters going through that crossing every day, stuck in traffic,” he told 1130 NewsRadio. CLICK HERE TO LISTEN TO 1130 NEWSRADIO VANCOUVER LIVE! Instead, Kruger says they’ve been given no information at the Union of BC Municipalities Convention, currently underway in downtown Vancouver. “There’s been no update to timelines or budget since pre covid. We are seeing almost every major multibillion-dollar infrastructure project go over time and over budget right now,” he explained. “I’m very concerned about the ability to deliver this project at the quote of $4.1 billion from a number of years ago, and I’m also increasingly concerned about meeting that 2030 deadline when we still don’t have an improved environmental assessment.” He points to what’s happened with other major projects like the North Shore Waste Water Treatment plant and the new Pattullo Bridge. Both have seen their price explode by billions of dollars, and delays in when the work is supposed to be done. “Building a tunnel is complex. You have to build it in segments on dry land and then plunk massive concrete tubes into the middle of the Fraser River estuary, so we still have an improved environmental assessment on the project and I’m also concerned about short and long-term impacts of one of our best regional parks in Metro Vancouver.” He says if the NDP had stuck with the project the then-BC Liberal government was building, people would already be using the new bridge. Kruger is crossing his fingers that Eby will give civic politicians an update at Thursday’s Union of BC Municipalities Convention.
PROPERTY TRANSFER TAX One of the major expenses associated with the purchase of real estate in British Columbia is the property transfer tax (“PTT”). PTT becomes payable when a change in title is registered at the land title office. PTT is taxed on the fair market value of the land and improvements and is charged…
Home buyer demand continues to strengthen in November Home sales registered in the MLS® in the Metro Vancouver1 market rose 28 percent year-over-year in November, building on the momentum of the 30 percent year-over-year increase seen in October. Sales The Greater Vancouver REALTORS® (GVR)2 reports that residential sales in the region totalled 2,181 in November 2024, a…
Share on Pinterest Regular milk consumption may have a negative effect on heart health in women, but fermented milk products appear to be safe. Image credit: Tatjana Zlatkovic/Stocksy. Researchers recently studied how consuming fermented and nonfermented milk may impact heart disease in men and women. Fermented milk, also known as cultured milk, undergoes a process to add beneficial bacteria, yeast, or acids. The study found that taking in higher amounts of non-fermented milk is associated with a higher risk of ischemic heart disease (also called coronary heart disease) and myocardial infarction (heart attack) in women. While nonfermented milk was associated with a higher risk of these heart issues in women, the study did not find a negative impact on heart disease in men. A recent study involving around 100,000 Swedish women and men examined how milk consumption impacts cardiometabolic proteins. Doctors use these protein patterns to determine someone’s risk for cardiovascular disease. Karl Michaëlsson, MD, PhD, a professor of medical epidemiology in the Department of Surgical Sciences at Uppsala University, Sweden, led the study. The researchers analyzed two multidecade cohort studies that followed the participants’ diets and lifestyles. Through tracking various metrics and self-reported food and beverage intake, the researchers found that women who consumed 300 milliliters (mL) or more of nonfermented, or regular, milk had an association with a higher risk of ischemic heart disease and myocardial infarction (heart attack). While nonfermented milk showed a negative association with heart disease in women, fermented milk products —such as sour milk and yogurt — did not show an association with such a risk. Heart disease is the top cause of death in the United States, with statistics showing it was responsible for more than 700,000 deaths in 2022. While heart disease is more prevalent in men than in women, women die at higher rates from heart disease. A number of factors can contribute to developing heart disease such as genetics, diet and lifestyle, smoking, and drinking alcohol. The current study of Swedish men and women examined how milk consumption can contribute to heart disease. Even though milk has health benefits, such as providing vitamin D and protein, many scientists wonder how it impacts the heart. Both of these studies tracked lifestyle data from the participants, including food and drink consumption, body mass index (BMI), heart disease events, and heart attack events. Some participants also provided plasma samples that the researchers used to analyze the proteomics, which refers to the study of protein patterns . As part of the food and beverage reporting, participants reported their milk consumption. They listed how frequently they consumed milk, whether it was fermented or non-fermented, and the quantity of milk consumed. The blood plasma analysis measured 276 protein biomarkers. The goal was to see how the presence of biomarkers associated with ischemic heart disease and myocardial infarction compared to milk consumption. After analyzing the blood plasma and comparing that to the participants’ self-reported milk consumption, the researchers found no correlation between fermented milk and an increase in heart disease for men or women. When comparing the amount of nonfermented milk consumed, the scientists noted an increase in both ischemic heart disease and myocardial infarction in women who drank higher amounts of milk. There was no increase in this risk with men. Women who drank 100 mL (or half of a glass) of nonfermented milk daily saw lower rates of these diseases compared to women who consumed more than 300 mL (or 1.5 glasses) of nonfermented milk. The scientists found that consuming 4 glasses of nonfermented milk daily was associated with a 21% higher risk of developing ischemic heart disease compared to consuming half of a glass per day. The researchers noted that even when adjusting for lifestyle factors, the results were consistent at all milk fat percentages. Women who drank higher amounts of non-fermented milk had higher levels of angiotensin-converting enzyme 2 ( ACE-2 ) and lower levels of fibroblast growth factor 21 (FGF21). Both are markers that are associated with ischemic heart disease risk. People with elevated ACE-2 experience have shown higher cardiovascular mortality rates and elevated FGF21 levels may be associated with heart damage. Cheng-Han Chen, MD, a board-certified interventional cardiologist and medical director of the Structural Heart Program at MemorialCare Saddleback Medical Center in Laguna Hills, CA, who was not involved in this study, spoke with Medical News Today about its findings. Reflecting on why there would be an association of an increased risk in women who consume nonfermented milk developing heart disease or heart attacks compared to men, Chen said it remains unclear. “It is possible that sex-specific differences in the metabolism of milk components such as lactose result in differences in degradation products, which can potentially cause differences in oxidative stress and inflammation,” he suggested. “This could then lead to increased risk of developing heart disease.” Chen also discussed how fermented milk could potentially offer heart-protective benefits. “Fermented milk products such as yogurt are rich in bacteria ([for example,] Lactobacillus) that influence the composition of our gut microbiome,” he explained. The beneficial effects of yogurt are likely related to its benefit to the microbiome.” Chen further noted that while more research is needed about the microbiome and heart health, “many studies have found that different compositions of the microbiome can help with decreasing the risk of high blood pressure, diabetes, and even heart disease.” John Higgins, MD, a cardiologist at UTHealth
Sellers Knowing what your home is worth at the present market. Sign up for a Market Snapshot to see similar homes listed, recently sold, and expired in your neighborhood www.activeandsold.com Buyers Create your own Personal MLS Listings Search, the same system that is available to Realtors. Visit www.yourownmls.ca What can I afford to buy? Before you start…
The idea is to streamline design and draft common regulations to cut construction time by at least a third Published Nov 18, 2024 • 3 minute read Rendering of six storey design found in Metro Vancouver report on rental apartments made of wood. Credit: Iredale Architecture. Photo by Iredale Architecture When you think of new construction in Metro Vancouver, you think of concrete towers with glass facades. A Metro Vancouver report on rental housing is considering a different approach: Making it easier to build six-storey apartment buildings out of wood. The report’s name is a mouthful, “Streamlining the Delivery of Rental Housing Through Pre-Approved Plans and Off-Site Construction.” THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Vancouver Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Vancouver Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Sign In or Create an Account or Article content But it has a simple goal: making rental housing cheaper to build. Concrete buildings typically cost 20 to 24 per cent more to build than wooden ones. So the report, which will probably go to Metro in January, calls for low-rise wood frame buildings. The report also wants to make it easier to build. “We’re collaborating with B.C. Housing on (ways) to essentially speed up the delivery of six-story rental wood frame apartments,” said Michael Epp, director of housing, planning and development at Metro Vancouver. “One of the key ones is trying to harmonize some of the regulatory approaches for that type of building.” Building regulations vary from city to city. Going through the bureaucratic process can be time consuming — Epp said it usually takes five years from “conception to occupancy” to build a wood-frame apartment building in Metro Vancouver. “Our short-term goal is to try to bring that time down by at least 30 per cent,” he said. “But I think it’s possible, in an ideal state, to cut 50 per cent of that delivery time. So going from five years from start to finish to a 2½-year start to finish.” By signing up you consent to receive the above newsletter from Postmedia Network Inc. Article content Article content The idea is to draft regulations for these buildings that essentially pre-approve them, cutting out the need for time-consuming rezoning applications, and to also allow for some prefabrication of the buildings in factories. “Time is a really substantial component of (building) cost, whether or not you’ve got land carrying costs during that entirety of that time,” Epp said. “You’re paying your professional consultants, you’ve got insurance costs, you’ve got (construction) escalation (costs). So the shorter you can make that time, the more you’re saving. “On some projects, this could be hundreds of thousands of dollars a month that can be saved when you’re shaving time off.” Only one rendering of what the six-storey buildings might look like has been released so far. The illustration by Iredale Architecture looks like something you’d see in Vancouver’s West End, a basic apartment block with balconies. The goal is to make regulations that can be adapted to different designs. “The idea here is we’ve got a hybrid approach to building,” said Epp. “This is not a modular building where you ship a shipping container to the site and assemble them on site. It’s more like an Ikea approach to a building, where there would be many components that are flat packed. Article content “Now you’re not only shrinking the time on the approval side, which is huge, but you’re also cutting the time to actually get the project built on site, because you’re able to just bring these components in and assemble them on site.” Eleven municipalities in Metro have signed on as “interested partners” in the study, including Vancouver, Surrey, Burnaby, Richmond, the District of North Vancouver and New Westminster. The study is aimed at non-market rental buildings, but Epp said new regulations could be applied to market-rent buildings as well. Many low-rise market condo buildings are already built with a concrete base and foundation, with wood