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Condo Smarts
Vancouver Province February 14th, 2010

DearCondoSmarts: Ourstratahad a flood before the holidays where an overloaded washing machine went manic and soaked three units in our building. The council was contacted; it made arrangements for restoration and we had fans in hallways and holes cut in the walls for dryers. The owners were impressed that it happened so quickly.

As for the owner with the manic washing machine, she just received a bill for the deductible amount of $5,000. She was about to pay it, but noticed the bill was not from the insurance company, so called the insurer to see the insurance invoice. Council refused to file the claim and we'venowfoundoutthecouncilhired themselves to do the restoration work and bill it back to the owner.

There was no adjuster involved, and no report on the scope of the work done, or if even all the restoration was complete. One owner is still left with a wet, stained ceiling and no one coming to her aid. Is it a conflict of interest when council members pay themselves?

Dear Liz: Conflict of interest is a common bone of contention in strata corporations when the council executes decisions that result in personal benefits without the consent of the strata owners or exempting the benefited strata council member. The Strata Property Act says in part: "A council member who has a direct or indirect interest in a contract or transaction with the strata or decision that is a subject being addressed by the strata ... must 1) disclose fully and promptly to the council the nature and extent of the interest 2) abstain from voting on the transaction or matter, and 3) leave thecouncilmeetingwiththecontract, transaction or matter is discussed and while the remaining council votes on the contract, transaction or matter."

Here are the basics. Strata council must act in the best interest of the strata corporation; they cannot be compensatedfortheirdutiesascouncil members without the approval of the corporation, either in the budget, in the bylaws or by approved 3/4 vote at a general meeting; and a council member cannot vote on the awarding of a contract, transaction, or matter where he or she has some sort of direct or indirect personal or beneficial gain. Strata council can determine who it contracts with, and that could include a council member, but is that person qualified? Would it be a prudent decision to contract with a council member who may not be qualified, covered by WCB, insured or even competent to perform the work? Were the repairs and restoration completed properly?

In addition, the owner affected by the alleged deductible claim likely also now has a problem with her own insurance company's willingness to cover the deductible claim, as it is not a deductible, but an invoice from the strata corporation of a related repair. Council members who try to cut corners on the cost of claims or whoattempttocompensateeachother for any of the strata council duties without the strata approval are just opening the door for conflicts.

Tony Gioventu is executive-director of the Condominium Home Owners' Association. Send questions to him at tony@choa.bc.ca

 

If you are looking to Buy or to Sell real estate in Vancouver area, give me a call. My consultations are FREE. The benefits to You, may be worth a lot of money.
Call Jeff Stark at 604-506-8481 or email me at jeff@jeffreystark.net

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Posted on February 15, 2010 21:27:00 by jeffrey.stark - View Profile 
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An unusual and different view of the city and it's Olympic venues.

The pictures are a development by a Vancouver company Photobubles

Photo Bubbles specializes in the art of creating full 360 spherical photography.
Traditionally, still flat photography has been used to capture the feel of an environment or event.

Today, still photography has been redefined, and has evolved into an interactive panoramic experience allowing the viewer to fully immerse themselves in any visual environment.
This superior technology is achieved by using professional high quality digital SLR cameras, and special performance lenses.

The finished product is a seamless 360 virtual spherical tour, with properly exposed images and "fullscreen" capabilites.
Located in Vancouver, B.C, Canada, we provide services that reach a global audience, and our cutting edge images are created with the express purpose of adding a new dimension to your online market niche.
Photo Bubbles fresh perspective will let you show the world.

Don't miss this.

Jeff

  If you are looking to Buy or to Sell real estate in Vancouver area, give me a call. My consultations are FREE. The benefits to You, may be worth a lot of money.
Call Jeff Stark at 604-506-8481 or email me at jeff@jeffreystark.net

 

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Posted on February 15, 2010 18:17:47 by jeffrey.stark - View Profile 
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We may not have a lot of snow around and we already have early spring blooms. we are nevertheless excited about being host to the Winter Olympic games.

There is plenty of snow in whistler and it should be a great event.

I am sure, that we are very sorry to hear of the unfortunate accident in which Nodar Kumaritashvili of Georgia Republic died in a luge training accident.
We pray for him and his family.

Vancouver everchanging face welcomes worls visitors to these, OUR;

VANCOUVER 2010 OLYMPIC GAMES

Enjoy and come back soon!

 

If you are looking to Buy or to Sell real estate in Vancouver area, give me a call. My consultations are FREE. The benefits to You, may be worth a lot of money.
Call Jeff Stark at 604-506-8481 or email me at jeff@jeffreystark.net

 

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Posted on February 12, 2010 10:22:59 by jeffrey.stark - View Profile 
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Header
Welcome To Luxury
Facing the river Grand Entry Dining Room Living room Living room2
Entrance
300-526 Waters Edge Crescent, West Vancouver, BC V7T 0A2
www.526WatersEdge.com
Features
» Water's Edge, a classic example of architect Robert Stern's unique skill, a
» This exquisite home features three bedrooms and 4 bathrooms, superb finishings and ten foot ceiling
» A double garage, hardwood floors, open plan, Miele appliances, granite counters, club house & Concierge
» Close to major shopping, transportation and community amenities
» Access to jogging and walking along Capilano river bank trails

Remarks
Water's Edge, a classic example of architects Robert Stern's unique skill, is a "timeless" development! This exquisite home features three bedrooms and 4 bathrooms, superb finishings and ten foot ceilings. And, yes! A double garage, hardwood floors, open plan, Miele appliances, granite counters, club house & Concierge. Water's Edge, a residential development on the bank of the Capilano River, establishes an important new residential neighborhood at the eastern edge of West Vancouver. Its overall composition of three five story buildings; The Villas, The Estates and The Residences The building's detailing - its arbors, balconies, and pergolas - acknowledge its Pacific Coast context. The crescent buildings follow a bend in the river, creating with the villa a central landscaped courtyard - an ensemble that provides a signature gateway to West Vancouver. A linear courtyard connects to a riverfront terrace along the south facade of the crescent, where private gardens for ground-floor apartments are screened from passers-by enjoying an elegant stroll along the Capilano River Walk.
Price : $ 1,649,800
Type : Condominium
Beds : 3
Baths : 4
Size : 2165 square feet
Contact Information
Jeff Stark
Jeff Stark
(604) 506-8481 (cell)
(604) 298-8777 (office)
 
jeff@jeffreystark.net
www.jeffreystark.net
VIEW MY LISTINGS
Coldwell Banker Westburn Realty
Coldwell Banker Westburn Realty
4259 Hastings Street
Burnaby, BC V5C 2J5
604.298.8777
Coldwell Banker© is a registered trademark licensed to Coldwell Banker Real Estate Corporation. An Equal Opportunity Company. Equal Housing Opportunity. Each Coldwell Banker© Office Is Independently Owned And Operated, except Offices Owned and Operated by NRT Incorporated.
© 2008 Properties Online, LLC (RealEstateSites.com) The above information including square footage is based on data received from the seller and/or from public sources. This information is deemed reliable but has not been independently verified and cannot be guaranteed. Prospective buyers are advised to verify information to their own satisfaction prior to purchase. By providing links to other sites Properties Online, LLC does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to the agent, brokerage, brand or Properties Online, LLC.
Equal Housing Opportunity.
jeffrey.stark

Posted on December 09, 2009 15:36:52 by jeffrey.stark - View Profile 
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The Globe and Mail September 1, 2009

The worst is likely over, say the heads of four of Canada's largest real estate brokerages. Canadian commercial real estate now faces 12 to 18 months of slowly climbing back to normal activity.

And when recovery finally kicks into full gear the pace of activity - buying and selling, leasing and even construction - will likely be fast-paced, they add.

This recession, the four agree, has not been as devastating for the industry nor as transformative as those at the start of this decade and in the early 1990s. The difference, they say, is that we entered last fall's global meltdown without an oversupply of commercial, industrial and retail space.

As a result, even though the industry is smack in the middle of the trough that precedes the upswing, vacancy rates are relatively low and the downward pressure on rents is minimal. That means recovery will be launched from a stable platform and the first months - or years - will be not wasted on playing catch-up.

Here is what they have to say:

  

If you are looking to Buy or to Sell real estate in Vancouver area, give me a call. My consultations are FREE. The benefits to You, may be worth a lot of money.
Call Jeff Stark at 604-506-8481 or email me at jeff@jeffreystark.net

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Posted on September 07, 2009 16:35:31 by jeffrey.stark - View Profile 
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