To bum or not to bum - skiers choose between lifestyle and a real life
By Stephen Smysnuik
Thomas Pavlik had a month left in Whistler and he didn't say it outright, but he had reservations about leaving. He looked down at the cigarette lodged between his fingers, at the smoke curling up toward his face.
He said, "I'm fighting what to choose - a nice life to do what I want, to enjoy my life and do some brainwashing job, or do I do something important, to keep my mind focused and develop my mind? I'm feeling this pressure again."
This is at 10 a.m. and the Czech-born lawyer has just woken up, eyes bloodshot, short crop of curly hair in tangles, smoking a cigarette on the deck. The luxuries afforded by Living the Dream in Whistler: frequent sleep-ins and very late nights. The drawbacks: being 28, sharing a home in Blueberry with six other people and making around $9 per hour.
He finished law school in 2006 and landed a job shortly after. It was a typical legal job in Prague: very stressful, working 10 hours per day, drafting the equivalent of million-dollar contracts overnight.
"One day, I was sitting in my office at, like, 12:30 in the morning and I was like, what am I doing? I looked around at myself and I was just producing the paper," he said.
He saw a future vision of himself in that position - probably a little wealthier, but in the same position more or less - in similar clothes, with more wrinkles on his face, having stayed in Prague because the routine of the Real World had him shackled to his seat under halogen lights in downtown Prague, transferring papers from one stack to another.
"That's when I decided to leave," he said.
He was one of a legion of young people who quit jobs in their career fields to "Live the Dream," in what is typically intended to be a final fling with juvenility before finally growing up and settling down. Whistler has one of the highest educated work forces in the country for a place that doesn't have many professional jobs to offer. Engineers work in the dish pit. People with medical degrees work ski patrol. Lawyers, like Pavlik, end up as shippers at Home Hardware.
This is what developmental psychologists call a moratorium on life and Whistler seems like the perfect place to do it. You can work and party and play with a stunning backdrop of mountains and trees, breathing in the fresh air while a rotating cast of beautiful people come in and out with the changing seasons. It's like travelling without having to travel.
"This place is like a non-reality sort of place," said Kelly Ford, a former lab technician from Perth. "It's like a - I don't know - like a fantasy land. You can be a different person here than what you are at home. It's addictive. No one knows you here. No one knows what you're about... In this town, it doesn't matter if you have a degree."
Erik Erikson, the developmental psychologist famous for his theory on social development of humans, believed that alternative experiences such as travelling help to establish the individual's identity. While the scientific community is divided on this issue, for some people a moratorium may, in some respects, help people explore options for where they want their life to head.
While some young people take a break from university or wait to start, others quit their careers altogether. Like Ford, who had reasonably well-paying gigs at labs - first in Perth, then in London. She did that for seven years. Then she bailed and moved to Whistler, where she spent two years rolling burritos at Dups before moving back to Perth in October.
"I like the classless society here," she said, back in September." It doesn't matter what you are. You can be a lawyer in the dish pit. It's classless. No one know what you've done or what you've studied. It only matters what you're doing and what kind of person you are, really. It's so addictive."
But she had been Doing Nothing, ignoring the Real World, for two years by the time she left. She was staring at the precipice of 30 and with that milestone looming she felt the anxious pull to grow up.
Marshall said there's no evidence to suggest that Getting It Out Of Your System works at all. It might work for some people, but for others it might make some people want that freedom even more. She says the pleasure principle inspires a "why work when you can play" attitude.
"There's no rational reason as to why you could get it out of your system. Catharsis doesn't work," she said. "If you get angry and blow up at somebody, does it get rid of the anger? No. It's the same thing. Does the blow out at Whistler get rid of anything? No."
She says there's no evidence to suggest that people who have explored the world are any more content than the people who haven't. The moratorium period is the most anxiety provoking, and for some people knowing the world is a diverse place makes them "delightfully less content and decidedly more bent on trying to change the world."
Whistler is considered a fantasy land because the people who live here have the resources to create it, and many of the young people who move here for a season or for a year come from privileged enough backgrounds to afford to take time away from life. Whistler is in many ways the province of the privileged and Marshall says that for people in lower socio-economic standings a visit to Whistler is akin to a visit to the moon.
"For every one that you can find with the privilege of being there, I can find you thousands who will think that it's a trip to the moon," Marshall says.
As a result, the idea of "finding yourself" in Whistler, or becoming fulfilled having Done Nothing for a while, may be linked more to opportunity and privilege than to the actual development of human identity, because - according to Marshall - it's easier to be well-adjusted and content when you aren't under the chronic stress of poverty.
But anyone who has lived the ski bum lifestyle knows a little something about poverty. It's not chronic for most and it's certainly instigated by a life choice, but it can lead to a prolonged period of floating. People wind up stuck here for years. People who once had ambition are now riding a cycle of seasonal work, drinking and/or doing drugs and skiing in the winter.
Jackie Dickinson, drug and alcohol education program coordinator for Whistler Community Services Society, says that every year she sees young people dealing with issues of anxiety and stress, as well as mental health and addiction issues, both within the local community and the transient population.
"Whistler is this place of excitement and adventure, but we all arrive here with this sense of a holiday mentality - where for most us we're thinking this is temporary with the idea of getting things out of our system," she says. "Like all of us, when we embrace that sort of holiday mentality, it's all about excess spending, partying and drinking, but eventually you have to promote a more sustainable lifestyle."
A lot of people end up staying, having found that sense of balance while they're here. Others move on or head back from whence they came. Many others end up stuck in a cycle of low-paying jobs and heavy partying that never really subsides and can be linked to stress and anxiety issues, trying to find that balance.
"There are a lot of young people who come here and eventually they deal with issues related to stress, anxiety and homesickness because after a few weeks the honeymoon period kind of disappears and they need the type of support network that they needed at home that doesn't exist here."
She says the WCSS is busier around late October and early November, once people have arrived but before the snow has hit. The clouds are low and it's not the happiest place to live. For some of them, the anxieties and stresses they were feeling at home - the ones they had tried to escape by going somewhere new - catch up with them as soon as that honeymoon period is over because, as Tony Soprano once said, "there's no geographical solution to an emotional problem."
Some people end up in a permanent moratorium - a perpetual state of floating.
"A person could go off to wherever they want to travel to, have a great experience and go 'Well screw that, I'm never going back to work because this is a heck of a lot of fun.' It hits their pleasure response in their brain," Marshall says.
She says these people tend to be high-risk sport types who will find every way possible to continue doing what they're doing - exactly the type of people who flock to Whistler every year for what may just be a season and end up staying here quite a bit longer.
"They won't settle down. They won't be more content. They'll never be more content, because contentment to them is high-risk sport," she says.
Like Ben Ashby, perhaps. He came to Whistler two years ago as a first stop on a world trip and has been here ever since. He has no intention of going back to Sydney, Australia where he worked as a mechanical engineer. He hated it there. He'd wake up at 7 a.m., eat breakfast, brush teeth, bike to work, and sit at a computer all day writing specs or altering drawings. Staring out the window at times. Attending meetings. Liaising with people. Holding half-hearted conversations about the weather with strangers at the deli down the road. Go home. Cook dinner. Watch TV. Go to bed. Wake up. Do it all again. Wait for the weekend.
"I hated it. I hated the city lifestyle. My job just wasn't doing anything for me. It's not that I was bad at it, I just had no passion for it," he says, sipping a cup of tea at the very messy kitchen table, of a messy kitchen, of a very messy house he shares with two other guys. A salt shaker knocked over next to a stack of dirty dishes. Beer cans and empty cups scattered around. A bottle of Visine on the windowsill.
"When I finally made the decision to 'retire'" - he laughs - "it just felt right. I don't know why but it just did. I was like, 'I can't do anything else but get out of this. I don't know what I'm going to do but it will all work out in the end.'"
His eyes relax and glaze over, staring out the window in front of him, and it's like he's really going back there, back into the void, in the office overlooking Sydney Harbour on a sunny day when his soul or whatever was crying to break free, to see something else, to meddle in nature and nothing else. But he's in Whistler now and had no problem trading a promising career to live the Whistler Dream, making money as a cab driver. Regardless what his parents think or what some developmental psychologist will say about why he's choosing the life that he has, he says he's happy just to float.
"I guess you could see it like that, but it just depends on what way you look at your life," he says. "I tend to look at it like, just love your life. Be happy with what you've got and don't be striving for something."
Friday, December 3, 2010
Saturday, November 27, 2010
Olympic champ Montgomery wins world cup gold
By BOB MACKIN, QMI Agency
WHISTLER, B.C. - The top step of the podium at the Whistler Sliding Centre ought to have a sign reading “this space reserved for Jon Montgomery”.
The 31-year-old Russell, Man. native won the first world cup skeleton meet of the season Friday on the same track where he won 2009 world cup gold and 2010 Winter Olympic gold.
“If I keep having success here it’s going start to feel like pressure coming back here,” Montgomery said. “The moment you place that pressure on yourself, you’re going to feel the burden to perform and that’s not what helps you realize the best performance.”
Montgomery had a two-run, combined time of one minute, 47.56 seconds, 0.28 faster than 2008 world champion Kristan Bromley of Great Britain and 0.32 better than 2010 Olympic bronze medallist Alexander Tretiakov of Russia.
John Fairbairn of Calgary was 11th. Mike Douglas of Toronto was 13th.
Montgomery’s other two world cup wins were at Cesana, Italy in 2008 and 2009. He said Cesana and Whistler are tree-lined tracks set among dramatic mountains, like Banff, Alta., that offer him a sense of comfort.
Montgomery said his world cup celebration would be subdued, compared to last February's legendary Olympic victory march through Whistler Village with a pitcher of beer.
“I’d probably have to be collected in the morning from the tank or get arrested,” he said. “I think you only get one free pass in your lifetime.”
Instead, he planned to shuck oysters and nurse a pint of beer indoors at his favourite eatery, the Bearfoot Bistro.
“It’s a culinary experience that’ll blow your doors off,” Montgomery said.
The three-day bobsled and skeleton world cup continues Friday with the women’s bobsled and concludes with the men’s four-man bobsled on Saturday.
WHISTLER, B.C. - The top step of the podium at the Whistler Sliding Centre ought to have a sign reading “this space reserved for Jon Montgomery”.
The 31-year-old Russell, Man. native won the first world cup skeleton meet of the season Friday on the same track where he won 2009 world cup gold and 2010 Winter Olympic gold.
“If I keep having success here it’s going start to feel like pressure coming back here,” Montgomery said. “The moment you place that pressure on yourself, you’re going to feel the burden to perform and that’s not what helps you realize the best performance.”
Montgomery had a two-run, combined time of one minute, 47.56 seconds, 0.28 faster than 2008 world champion Kristan Bromley of Great Britain and 0.32 better than 2010 Olympic bronze medallist Alexander Tretiakov of Russia.
John Fairbairn of Calgary was 11th. Mike Douglas of Toronto was 13th.
Montgomery’s other two world cup wins were at Cesana, Italy in 2008 and 2009. He said Cesana and Whistler are tree-lined tracks set among dramatic mountains, like Banff, Alta., that offer him a sense of comfort.
Montgomery said his world cup celebration would be subdued, compared to last February's legendary Olympic victory march through Whistler Village with a pitcher of beer.
“I’d probably have to be collected in the morning from the tank or get arrested,” he said. “I think you only get one free pass in your lifetime.”
Instead, he planned to shuck oysters and nurse a pint of beer indoors at his favourite eatery, the Bearfoot Bistro.
“It’s a culinary experience that’ll blow your doors off,” Montgomery said.
The three-day bobsled and skeleton world cup continues Friday with the women’s bobsled and concludes with the men’s four-man bobsled on Saturday.
Monday, November 1, 2010
Whistler Through an Economists Eyes…
November 1, 2010 by whistlerheather
Whistler Chamber Breakfast
http://www.whistlerchamber.com/
The Whistler Chamber of Commerce invited economist, Bryan Yu from Central 1 Credit Union, to its October breakfast last week. Bryan, who specializes in macro and regional analysis, spoke to recent developments in the global and national economy and what it means for exchange rates, the provincial labour market and the tourism industry. http://www.central1.com/
Bryan Yu
In his presentation, Bryan referenced to the importance of Whistler as an economic engine for the province of BC and how Whistler’s business community can leverage opportunities emerging from the ongoing shifts in the global economy.
Key points:
Approved Destination Status with China now in effect
http://bit.ly/ahkPYC
In June 2010, approved destination status with Canada took effect, enabling Chinese visitors to travel to Canada through organized, pre-sold group tours. Thanks to the approved destination status, tourism businesses, destination marketing organizations and tour operators can actively market British Columbian, Canadian tourism products and experiences within China. Previously, Chinese travellers could get exit visas to Canada only if travelling for study, visiting friends and relatives, business or independent tourism activities.
It is also very important to understand that the middle class in China is growing very fast in numbers and in China that means millions of potential tourists for Canada. (Whistler)
We don’t often speak of South Korea as a powerhouse for tourism, but through Bryan’s report this very active country is definitely spending money in our land; and as such also plays a vital role in where our marketing dollars could also garner higher impact.
Germany as a country has regained strength and is emerging as a country to watch for on the economic radar screen. Already you will find throughout BC a lot of older German investment.
Build it and they will come?
Does Whistler have the infrastructure to appeal to this destination tourist - China, Germany or South Korea? It might be wise to assess our added value and cater to the tourists service requirements - which means we need to find out culturally what that is.
Canadian Dollar and Unemployment
The Canadian dollar hitting parity and staying strong through 2011 will affect our American visitor - along with the on-going struggle the US is up against: Economy (Foreclosures) the weakening of their dollar, Unemployment is close to 10% in the US. The verdict is they’ll be staying closer to home.
Unemployment in BC is at 7.5% – up from 4.5% in 2008
Whistler Real Estate
Whistler is unique on the real estate screen, it carries its own trends and over the next two years will be considerably slower… until the US turns the corner and starts to head in a healthier direction. Today Whistler is predominately regionally driven both in Real Estate sales and tourism. We could create something in the way of value for our local visitor to say thank you for their patronage.
Conclusion
According to the Gov’t of BC our job is to build relationships, through inviting immigration, nurturing our existing visitor upon each trip and delivering service that exceeds the expectations of our tourist. If we can continue this modest goal we will attract more tourism and grow as a country of value for the tourists dollar. We need to make sure we have in place activities beyond the Peak to Peak to keep any potential visitors here in town for a few days…not just a day trip!
http://ww1.whistlerblackcomb.com/p2pg/
Cheers!
Whistler Chamber Breakfast
http://www.whistlerchamber.com/
The Whistler Chamber of Commerce invited economist, Bryan Yu from Central 1 Credit Union, to its October breakfast last week. Bryan, who specializes in macro and regional analysis, spoke to recent developments in the global and national economy and what it means for exchange rates, the provincial labour market and the tourism industry. http://www.central1.com/
Bryan Yu
In his presentation, Bryan referenced to the importance of Whistler as an economic engine for the province of BC and how Whistler’s business community can leverage opportunities emerging from the ongoing shifts in the global economy.
Key points:
Approved Destination Status with China now in effect
http://bit.ly/ahkPYC
In June 2010, approved destination status with Canada took effect, enabling Chinese visitors to travel to Canada through organized, pre-sold group tours. Thanks to the approved destination status, tourism businesses, destination marketing organizations and tour operators can actively market British Columbian, Canadian tourism products and experiences within China. Previously, Chinese travellers could get exit visas to Canada only if travelling for study, visiting friends and relatives, business or independent tourism activities.
It is also very important to understand that the middle class in China is growing very fast in numbers and in China that means millions of potential tourists for Canada. (Whistler)
We don’t often speak of South Korea as a powerhouse for tourism, but through Bryan’s report this very active country is definitely spending money in our land; and as such also plays a vital role in where our marketing dollars could also garner higher impact.
Germany as a country has regained strength and is emerging as a country to watch for on the economic radar screen. Already you will find throughout BC a lot of older German investment.
Build it and they will come?
Does Whistler have the infrastructure to appeal to this destination tourist - China, Germany or South Korea? It might be wise to assess our added value and cater to the tourists service requirements - which means we need to find out culturally what that is.
Canadian Dollar and Unemployment
The Canadian dollar hitting parity and staying strong through 2011 will affect our American visitor - along with the on-going struggle the US is up against: Economy (Foreclosures) the weakening of their dollar, Unemployment is close to 10% in the US. The verdict is they’ll be staying closer to home.
Unemployment in BC is at 7.5% – up from 4.5% in 2008
Whistler Real Estate
Whistler is unique on the real estate screen, it carries its own trends and over the next two years will be considerably slower… until the US turns the corner and starts to head in a healthier direction. Today Whistler is predominately regionally driven both in Real Estate sales and tourism. We could create something in the way of value for our local visitor to say thank you for their patronage.
Conclusion
According to the Gov’t of BC our job is to build relationships, through inviting immigration, nurturing our existing visitor upon each trip and delivering service that exceeds the expectations of our tourist. If we can continue this modest goal we will attract more tourism and grow as a country of value for the tourists dollar. We need to make sure we have in place activities beyond the Peak to Peak to keep any potential visitors here in town for a few days…not just a day trip!
http://ww1.whistlerblackcomb.com/p2pg/
Cheers!
Tuesday, October 19, 2010
Own a piece of Whistler!!
Whistler Blackcomb to go for $14 to $15 a share, says investor
Sellers looking to sell resort for about $300 million
By Jesse Ferreras
Want a piece of Whistler Blackcomb? Soon you may be able to pick it up for $14 to $15 a share on the Toronto Stock Exchange.
In a preliminary prospectus filed with the TSX on Oct. 8, a group of underwriters including CIBC World Markets, RBC Dominion Securities, BMO Nesbitt Burns, TD Securities Inc. and Goldman Sachs Canada Inc. puts a major stake in Whistler Blackcomb Holdings Inc. up for sale to the public.
The prospectus doesn't include a proposed share price or what stake in a new company - Whistler Blackcomb Holdings Inc - will be up for sale. However, Pat Kelly, a Whistler investor and head of the Whistler Real Estate Company, said he got a call from his stock broker who told him the price for the initial public offering (IPO) is going to be set at $14 to $15 a share, with a six to seven per cent yield on the dividend.
That means dividends could make investors anywhere from $0.84 to $1.05 for every share they own.
Once the underwriters, led by CIBC World Markets, take Whistler Blackcomb around on a "dog-and-pony show" to various investors, the company will be made available for public investment, according to Kelly.
Asked how he feels about Whistler Blackcomb going public, he said he's not surprised. He believes the point of the exercise is to help pay down the debts of the parent company, Fortress Investment Group.
"It's not surprising personally," he said. "I'm not surprised they would take their primary asset and try to pay their debts down. It would be more interesting if that money was going to be reinvested back into Whistler and the mountains.
"It's being used to pay down Intrawest and Fortress's debts, it's not going to be going back into lift operations or more capital infrastructure."
In total, 37 million shares are being made available for purchase, according to Kelly, with 21 million going to the public and outside institutions. Intrawest and Nippon Cable, which appears to have increased its stake in Whistler Blackcomb from 23 to 25 per cent, will own the remaining shares of Whistler Blackcomb Holdings.
The new company was registered Oct. 4. Intrawest CEO Bill Jensen is chair of the board of Whistler Blackcomb Holdings. Other board members include Wes Edens, principal of Fortress Investment Group LLC; John Furlong, formerly chief executive officer of the Vancouver Organizing Committee for the 2010 Olympic and Paralympic Winter Games; and Cam Neely, a former hockey player and now president of the Boston Bruins Hockey Club.
The latter two have likely been appointed to the board in order to bring credibility to the board of directors, Kelly said.
"It's not unusual to put a high profile guy on your board," he said. "Every board member should bring something to the table, operations expertise, connections with important players. Certainly when Furlong walks into a meeting, he comes with a tremendous amount of credibility, so does Cam Neely."
The prospectus provides a broad picture of Whistler Blackcomb's performance as a ski area, something that hasn't been available to the public since Fortress purchased Intrawest in 2006. Whistler Blackcomb is described as the largest and most visited ski resort in North America, representing about 11 per cent of total skier visits on the continent.
Over the last 10 years it has averaged about 11 per cent market share of skier visits in the Canadian market and an approximately 2.7 per cent market share of visits in the North American market.
Whistler Blackcomb has averaged approximately 2,070,000 skier visits a year since 1997-98, when Whistler and Blackcomb Mountains merged into a single company, excluding the most recent ski season.
In 2007-08 the resort saw approximately 2,190,000 skier visits; in 2008-09 it had approximately 1,878,000 skier visits; and in 2009-2010, the Olympic year, it had 1,667,000 skier visits, owing to Olympic aversion. Without Olympic aversion management believes Whistler Blackcomb would have had 2.15 million skier visits.
Whistler Blackcomb's revenues varied over the past three years. In 2007 they totalled approximately $218 million; in 2008, $237 million; and in 2009, $219 million. With expenditures taken into account, the company made a profit of $52 million in 2007; $60 million in 2008; and $51 million in 2009.
Lift operations were cited as the single biggest operating segment for the company, having generated about 50 per cent of the company's revenue in the 2009 fiscal year, and they represent a key revenue generator throughout the year.
Lift ticket revenue from ski operations represents approximately 85 per cent to 91 per cent of the total lift operations revenue, with the remainder generated by summer activities.
Selling points for the company include competitive strengths such as Whistler Blackcomb's citation as the continent's "premier mountain resort," as well as favourable weather and snow conditions, and infrastructure investment such as the Sea to Sky Highway improvement and increased awareness abroad after the 2010 Olympic and Paralympic Winter Games.
Investment analysts have noted that Whistler Blackcomb is not expected to grow significantly - the company doesn't own substantial real estate holdings - so it would be a conservative investment, relying on steady, continuing operations and a loyal clientele.
Whistler Blackcomb is also said to depend on key employees, and the "unanticipated departure" of any key members of the senior management team could have a "material adverse effect" on Whistler Blackcomb and its prospects.
The filing cites key managers including Intrawest CEO Bill Jensen; Whistler Blackcomb President and Chief Operating Officer Dave Brownlie; Doug Forseth, Whistler Blackcomb's senior vice-president of operations; and Stuart Rempel, Whistler Blackcomb's senior vice-president of marketing and sales.
Sellers looking to sell resort for about $300 million
By Jesse Ferreras
Want a piece of Whistler Blackcomb? Soon you may be able to pick it up for $14 to $15 a share on the Toronto Stock Exchange.
In a preliminary prospectus filed with the TSX on Oct. 8, a group of underwriters including CIBC World Markets, RBC Dominion Securities, BMO Nesbitt Burns, TD Securities Inc. and Goldman Sachs Canada Inc. puts a major stake in Whistler Blackcomb Holdings Inc. up for sale to the public.
The prospectus doesn't include a proposed share price or what stake in a new company - Whistler Blackcomb Holdings Inc - will be up for sale. However, Pat Kelly, a Whistler investor and head of the Whistler Real Estate Company, said he got a call from his stock broker who told him the price for the initial public offering (IPO) is going to be set at $14 to $15 a share, with a six to seven per cent yield on the dividend.
That means dividends could make investors anywhere from $0.84 to $1.05 for every share they own.
Once the underwriters, led by CIBC World Markets, take Whistler Blackcomb around on a "dog-and-pony show" to various investors, the company will be made available for public investment, according to Kelly.
Asked how he feels about Whistler Blackcomb going public, he said he's not surprised. He believes the point of the exercise is to help pay down the debts of the parent company, Fortress Investment Group.
"It's not surprising personally," he said. "I'm not surprised they would take their primary asset and try to pay their debts down. It would be more interesting if that money was going to be reinvested back into Whistler and the mountains.
"It's being used to pay down Intrawest and Fortress's debts, it's not going to be going back into lift operations or more capital infrastructure."
In total, 37 million shares are being made available for purchase, according to Kelly, with 21 million going to the public and outside institutions. Intrawest and Nippon Cable, which appears to have increased its stake in Whistler Blackcomb from 23 to 25 per cent, will own the remaining shares of Whistler Blackcomb Holdings.
The new company was registered Oct. 4. Intrawest CEO Bill Jensen is chair of the board of Whistler Blackcomb Holdings. Other board members include Wes Edens, principal of Fortress Investment Group LLC; John Furlong, formerly chief executive officer of the Vancouver Organizing Committee for the 2010 Olympic and Paralympic Winter Games; and Cam Neely, a former hockey player and now president of the Boston Bruins Hockey Club.
The latter two have likely been appointed to the board in order to bring credibility to the board of directors, Kelly said.
"It's not unusual to put a high profile guy on your board," he said. "Every board member should bring something to the table, operations expertise, connections with important players. Certainly when Furlong walks into a meeting, he comes with a tremendous amount of credibility, so does Cam Neely."
The prospectus provides a broad picture of Whistler Blackcomb's performance as a ski area, something that hasn't been available to the public since Fortress purchased Intrawest in 2006. Whistler Blackcomb is described as the largest and most visited ski resort in North America, representing about 11 per cent of total skier visits on the continent.
Over the last 10 years it has averaged about 11 per cent market share of skier visits in the Canadian market and an approximately 2.7 per cent market share of visits in the North American market.
Whistler Blackcomb has averaged approximately 2,070,000 skier visits a year since 1997-98, when Whistler and Blackcomb Mountains merged into a single company, excluding the most recent ski season.
In 2007-08 the resort saw approximately 2,190,000 skier visits; in 2008-09 it had approximately 1,878,000 skier visits; and in 2009-2010, the Olympic year, it had 1,667,000 skier visits, owing to Olympic aversion. Without Olympic aversion management believes Whistler Blackcomb would have had 2.15 million skier visits.
Whistler Blackcomb's revenues varied over the past three years. In 2007 they totalled approximately $218 million; in 2008, $237 million; and in 2009, $219 million. With expenditures taken into account, the company made a profit of $52 million in 2007; $60 million in 2008; and $51 million in 2009.
Lift operations were cited as the single biggest operating segment for the company, having generated about 50 per cent of the company's revenue in the 2009 fiscal year, and they represent a key revenue generator throughout the year.
Lift ticket revenue from ski operations represents approximately 85 per cent to 91 per cent of the total lift operations revenue, with the remainder generated by summer activities.
Selling points for the company include competitive strengths such as Whistler Blackcomb's citation as the continent's "premier mountain resort," as well as favourable weather and snow conditions, and infrastructure investment such as the Sea to Sky Highway improvement and increased awareness abroad after the 2010 Olympic and Paralympic Winter Games.
Investment analysts have noted that Whistler Blackcomb is not expected to grow significantly - the company doesn't own substantial real estate holdings - so it would be a conservative investment, relying on steady, continuing operations and a loyal clientele.
Whistler Blackcomb is also said to depend on key employees, and the "unanticipated departure" of any key members of the senior management team could have a "material adverse effect" on Whistler Blackcomb and its prospects.
The filing cites key managers including Intrawest CEO Bill Jensen; Whistler Blackcomb President and Chief Operating Officer Dave Brownlie; Doug Forseth, Whistler Blackcomb's senior vice-president of operations; and Stuart Rempel, Whistler Blackcomb's senior vice-president of marketing and sales.
Sunday, October 10, 2010
LA Mansion Selles For $50M
A Los Angeles mansion that originally listed for $85 million has sold for $50 million. It's believed to be one of the highest-priced residential real-estate sales in the U.S. so far this year.
The home, which was owned by real-estate developer Mohamed Hadid, first listed for $85 million in 2009 but most recently asked $72 million. Public records list the buyer as Sarp Turanligil, owner of a Turkey-based yacht and furniture production company. A representative for Mr. Turanligil says he never owned the home, but was managing some business for a company that bought the home and is no longer affiliated with the property. The home has changed titles twice since it was purchased in June, to two different limited-liability companies, according to public records.
The 48,000-square-foot home, known as Le Belvedere, has 11 bedrooms and 14 bathrooms as well as a ballroom that can seat 250. The home has 19 fireplaces, a 5,000-bottle wine cellar, a Turkish hammam, a swan pond and a 70-foot long infinity pool. The estate, on 2.2 acres in Los Angeles's Bel Air neighborhood, requires a staff of about 15, says Mr. Hadid. "It has to be managed like a hotel," he says.
Stacy Gottula and Joyce Rey of Coldwell Banker Previews International had the listing.
Former Daly Estate Sells in Malibu:
The Malibu, Calif. home of the late philanthropist Nancy M. Daly, the ex-wife of former Los Angeles Mayor Richard Riordan, has sold for more than $40 million. It was first listed for $57 million and most recently asked $47 million.
The buyer, listed as a Delaware limited-liability company in public records, intends to lease the 13,000-square-foot mansion on Carbon Beach, according to a source with knowledge of the deal. Neighbors on "Billionaire's Beach" include Microsoft co-founder Paul Allen, David Geffen and Jeffrey Katzenberg. The home, on 0.75 acre with 180 feet of beach frontage, has eight bedrooms, nine fireplaces and a double-height living room with glass doors which slide into a wall. There's also a pool and a sports court. Ms. Daly built the mansion in 2002 after buying the three lots comprising the estate in the 1990s.
Ron de Salvo and Chris Cortazzo of Coldwell Banker Previews International shared the listing.
NFL's Buoniconti Cuts Asking Price on Florida Home
NFL Hall of Famer Nick Buoniconti has trimmed the asking price for his Coral Gables, Fla. home by 18% to $3.48 million.
The former Miami Dolphins linebacker who helped host HBO's "Inside the NFL" in 2005 bought the French-style villa with guest house—the total square footage is 4,600—for $1.98 million. He says his wife Lynn renovated the home anticipating they would move from their Key Biscayne home but "we couldn't leave the water."
Audrey Ross of EWM Realtors has the listing.
Corrections and Amplifications
The Los Angeles mansion known as Le Belvedere that sold for $50 million has changed titles twice since it was purchased in June, to two different limited-liability companies, according to public records. In addition, Stacy Gottula and Joyce Rey of Coldwell Banker Previews International shared the listing. An earlier version of this article incorrectly called the firms limited-liability corporations and cited only Ms. Rey as a listing agent.
—Candace Jackson and Juliet Chung
The home, which was owned by real-estate developer Mohamed Hadid, first listed for $85 million in 2009 but most recently asked $72 million. Public records list the buyer as Sarp Turanligil, owner of a Turkey-based yacht and furniture production company. A representative for Mr. Turanligil says he never owned the home, but was managing some business for a company that bought the home and is no longer affiliated with the property. The home has changed titles twice since it was purchased in June, to two different limited-liability companies, according to public records.
The 48,000-square-foot home, known as Le Belvedere, has 11 bedrooms and 14 bathrooms as well as a ballroom that can seat 250. The home has 19 fireplaces, a 5,000-bottle wine cellar, a Turkish hammam, a swan pond and a 70-foot long infinity pool. The estate, on 2.2 acres in Los Angeles's Bel Air neighborhood, requires a staff of about 15, says Mr. Hadid. "It has to be managed like a hotel," he says.
Stacy Gottula and Joyce Rey of Coldwell Banker Previews International had the listing.
Former Daly Estate Sells in Malibu:
The Malibu, Calif. home of the late philanthropist Nancy M. Daly, the ex-wife of former Los Angeles Mayor Richard Riordan, has sold for more than $40 million. It was first listed for $57 million and most recently asked $47 million.
The buyer, listed as a Delaware limited-liability company in public records, intends to lease the 13,000-square-foot mansion on Carbon Beach, according to a source with knowledge of the deal. Neighbors on "Billionaire's Beach" include Microsoft co-founder Paul Allen, David Geffen and Jeffrey Katzenberg. The home, on 0.75 acre with 180 feet of beach frontage, has eight bedrooms, nine fireplaces and a double-height living room with glass doors which slide into a wall. There's also a pool and a sports court. Ms. Daly built the mansion in 2002 after buying the three lots comprising the estate in the 1990s.
Ron de Salvo and Chris Cortazzo of Coldwell Banker Previews International shared the listing.
NFL's Buoniconti Cuts Asking Price on Florida Home
NFL Hall of Famer Nick Buoniconti has trimmed the asking price for his Coral Gables, Fla. home by 18% to $3.48 million.
The former Miami Dolphins linebacker who helped host HBO's "Inside the NFL" in 2005 bought the French-style villa with guest house—the total square footage is 4,600—for $1.98 million. He says his wife Lynn renovated the home anticipating they would move from their Key Biscayne home but "we couldn't leave the water."
Audrey Ross of EWM Realtors has the listing.
Corrections and Amplifications
The Los Angeles mansion known as Le Belvedere that sold for $50 million has changed titles twice since it was purchased in June, to two different limited-liability companies, according to public records. In addition, Stacy Gottula and Joyce Rey of Coldwell Banker Previews International shared the listing. An earlier version of this article incorrectly called the firms limited-liability corporations and cited only Ms. Rey as a listing agent.
—Candace Jackson and Juliet Chung
Sunday, September 19, 2010
Golf business reflects shift to regional market
By Stephen Smysnuik
The shift from destination visitors to a regional market has taken its toll on another side of Whistler business: golf.
Roger Soane, general manager of the Chateau Whistler and chair of Tourism Whistler, says that appealing to the regional market has reduced the rates for golf courses in Whistler. Like most of the hotels, the golf courses have been offering deals to woo customers.
"It's very similar to hotels," Soane said. "As the destination traveler has reduced because of the economics and the times we're in, we've gone to a regional model, so we're attracting more people from the region - which is great but chances are they're not going to pay the same type of rates as the international guests."
Soane says there hasn't been a drop in the number of golfers but the number of people willing to pay resort course fees has fallen.
For the Chateau Whistler, the drop in group business has had a negative impact on the golf course, which was built as an amenity to the hotel. The course is facing what the entire resort is facing: short end bookings and a failing American economy.
"When everyone is going through reduced business, as we have for the last two years, everyone is going to suffer, whether it be golf, restaurants (or) bike rentals. Anything that needs people has seen a downfall. Golf is no different to any other business," Soane said.
A recession that is particularly deep in the United States and a rising Canadian dollar slowed American visitors considerably, a market the resort had depended on. Destination travelers are sticking closer to home.
Earlier this year, Garibaldi Springs Golf Resort shut down after only six years of operation.
"Tourism was so high. The rates that were built around the resort area especially were created to reflect the popularity of Whistler. People came and they didn't really hesitate to pay a premium green fee for a premium product," says Paul Nijjer, general manager of Furry Creek Golf Club.
"While the product is still premium up there, people have tightened up the wallets since then.
He says his course is flat in rounds played to last year, and that "good news" is due largely to the completed Sea to Sky Highway expansion. Golf courses across B.C. haven't fared as well, and many of the courses he knows about are down compared to last year.
"That's not just golf, it's resort visitation in general," said Alan Kristmanson, general manager and director of golf at the Whistler Golf Club. "Corporations are more careful with their dollars and golf as an activity in a resort has definitely suffered from that, for sure."
Ro Davies, manager at Whistler Golf Club, says that while the customer base has changed over the years the Whistler golf club has been doing virtually the same number of rounds year after year.
He also says that the golf club fared better than others during the recession. According to statistics provided by Tourism Whistler, Whistler golfers tend to be affluent and avid players who take leisure golf trips frequently, even during economic downturns.
"People still play golf. We're a great golf course and there's still a bunch of people with money, so they're spending it here," he said. "We have a lot of loyal golfers that support our club and continue to support our club. You hear about courses in the States shutting down but we don't have as much product. You get a small percentage of hotel visitors coming to Whistler so if you get five per cent of those people interested in golf, all the courses in Whistler are full."
"We have minimum inventory a day," Kristmanson said. "It's not like the mountain where you put 18,000 people on the hill... If golf courses are managing their business properly you're going to target the mix of clientele that are coming, and for us that's regional."
Nijjer says there has been a noticeable boost in American tourists playing Furry Creek since the Olympics. The numbers are nowhere near the hey-day levels of the late 1990s and early 2000s, but any increase is good news.
"The rounds came down, there was a decrease, but if you were proactive enough in creating opportunities for people to play, they still came," he said. "It's such a sport that people absolutely love to play... it's consistently going to be at the forefront of activities that people will like to do," he said.
The economy is only part of the problem. The other problem, according to Soane, is that golf has become too big to sustain itself. In the U.S. in particular, where the real estate market drove the development of golf courses, there's a surplus of courses versus golfers. This isn't as much of an issue in Canada, which has the highest player rate per capita in the world, but it has affected business in Whistler.
"Golf, I think, as a product is over built, and I think the sport itself in its evolution has reached a peak," Soane said. "For the longest time, there was more and more golfers added every year and there was a great growth in golf. I'm not sure that's the case any more.
"I honestly believe golf as an industry has become too expensive," he added.
"A golf course will set its rate based on the times," Nijjer said. "When the economy is strong, it's easy to raise a rate and because of all the things that go in to the daily operation of a golf course you need to maintain a daily rate in order to have a successful operation. What ends up happening is you have to build opportunities for golfers of all types to come and enjoy your facility."
But with all the challenges facing the golf business in the Sea-to-Sky, there is optimism for the future of the sport. The four courses - Whistler Golf Club, Chateau Whistler, Nicklaus North Golf Course and Big Sky Golf and Country Club in Pemberton, have worked together to focus attention on the growing interest of women and junior golfers, offering a junior golf camp and ladies night. Targeting the younger demographic is of particular concern, as many have feared that as the baby boomers grow older the younger generations may not play in the numbers needed to keep the industry afloat.
Nijjer says that's not the case, noting that Furry Creek has a high proportion of players 21 to 35 years old.
"(The shift from older to younger players) will deplete the average amount spent per person, as with the baby boomers because they were spending the money, whereas the youth are a bit tighter with it. Then again, when you create the opportunities, you'll get them to your facility," he said.
"There's no reason to tell me that this won't turn around," Soane said. "As corporate business comes back, you'll see the golf courses becoming more prosperous again, but I also believe as an industry golf has to take a close look at itself and say, 'Are we priced in comparison to other activities?'"
The shift from destination visitors to a regional market has taken its toll on another side of Whistler business: golf.
Roger Soane, general manager of the Chateau Whistler and chair of Tourism Whistler, says that appealing to the regional market has reduced the rates for golf courses in Whistler. Like most of the hotels, the golf courses have been offering deals to woo customers.
"It's very similar to hotels," Soane said. "As the destination traveler has reduced because of the economics and the times we're in, we've gone to a regional model, so we're attracting more people from the region - which is great but chances are they're not going to pay the same type of rates as the international guests."
Soane says there hasn't been a drop in the number of golfers but the number of people willing to pay resort course fees has fallen.
For the Chateau Whistler, the drop in group business has had a negative impact on the golf course, which was built as an amenity to the hotel. The course is facing what the entire resort is facing: short end bookings and a failing American economy.
"When everyone is going through reduced business, as we have for the last two years, everyone is going to suffer, whether it be golf, restaurants (or) bike rentals. Anything that needs people has seen a downfall. Golf is no different to any other business," Soane said.
A recession that is particularly deep in the United States and a rising Canadian dollar slowed American visitors considerably, a market the resort had depended on. Destination travelers are sticking closer to home.
Earlier this year, Garibaldi Springs Golf Resort shut down after only six years of operation.
"Tourism was so high. The rates that were built around the resort area especially were created to reflect the popularity of Whistler. People came and they didn't really hesitate to pay a premium green fee for a premium product," says Paul Nijjer, general manager of Furry Creek Golf Club.
"While the product is still premium up there, people have tightened up the wallets since then.
He says his course is flat in rounds played to last year, and that "good news" is due largely to the completed Sea to Sky Highway expansion. Golf courses across B.C. haven't fared as well, and many of the courses he knows about are down compared to last year.
"That's not just golf, it's resort visitation in general," said Alan Kristmanson, general manager and director of golf at the Whistler Golf Club. "Corporations are more careful with their dollars and golf as an activity in a resort has definitely suffered from that, for sure."
Ro Davies, manager at Whistler Golf Club, says that while the customer base has changed over the years the Whistler golf club has been doing virtually the same number of rounds year after year.
He also says that the golf club fared better than others during the recession. According to statistics provided by Tourism Whistler, Whistler golfers tend to be affluent and avid players who take leisure golf trips frequently, even during economic downturns.
"People still play golf. We're a great golf course and there's still a bunch of people with money, so they're spending it here," he said. "We have a lot of loyal golfers that support our club and continue to support our club. You hear about courses in the States shutting down but we don't have as much product. You get a small percentage of hotel visitors coming to Whistler so if you get five per cent of those people interested in golf, all the courses in Whistler are full."
"We have minimum inventory a day," Kristmanson said. "It's not like the mountain where you put 18,000 people on the hill... If golf courses are managing their business properly you're going to target the mix of clientele that are coming, and for us that's regional."
Nijjer says there has been a noticeable boost in American tourists playing Furry Creek since the Olympics. The numbers are nowhere near the hey-day levels of the late 1990s and early 2000s, but any increase is good news.
"The rounds came down, there was a decrease, but if you were proactive enough in creating opportunities for people to play, they still came," he said. "It's such a sport that people absolutely love to play... it's consistently going to be at the forefront of activities that people will like to do," he said.
The economy is only part of the problem. The other problem, according to Soane, is that golf has become too big to sustain itself. In the U.S. in particular, where the real estate market drove the development of golf courses, there's a surplus of courses versus golfers. This isn't as much of an issue in Canada, which has the highest player rate per capita in the world, but it has affected business in Whistler.
"Golf, I think, as a product is over built, and I think the sport itself in its evolution has reached a peak," Soane said. "For the longest time, there was more and more golfers added every year and there was a great growth in golf. I'm not sure that's the case any more.
"I honestly believe golf as an industry has become too expensive," he added.
"A golf course will set its rate based on the times," Nijjer said. "When the economy is strong, it's easy to raise a rate and because of all the things that go in to the daily operation of a golf course you need to maintain a daily rate in order to have a successful operation. What ends up happening is you have to build opportunities for golfers of all types to come and enjoy your facility."
But with all the challenges facing the golf business in the Sea-to-Sky, there is optimism for the future of the sport. The four courses - Whistler Golf Club, Chateau Whistler, Nicklaus North Golf Course and Big Sky Golf and Country Club in Pemberton, have worked together to focus attention on the growing interest of women and junior golfers, offering a junior golf camp and ladies night. Targeting the younger demographic is of particular concern, as many have feared that as the baby boomers grow older the younger generations may not play in the numbers needed to keep the industry afloat.
Nijjer says that's not the case, noting that Furry Creek has a high proportion of players 21 to 35 years old.
"(The shift from older to younger players) will deplete the average amount spent per person, as with the baby boomers because they were spending the money, whereas the youth are a bit tighter with it. Then again, when you create the opportunities, you'll get them to your facility," he said.
"There's no reason to tell me that this won't turn around," Soane said. "As corporate business comes back, you'll see the golf courses becoming more prosperous again, but I also believe as an industry golf has to take a close look at itself and say, 'Are we priced in comparison to other activities?'"
Friday, September 10, 2010
The Great Comeback of Luxury Properties
September 9, 2010 · Published in Jerseys by zhanglingjuan114 ·
Recreational and luxury properties were the hardest hit when real estate markets took a nosedive a few years back. The global financial crisis had led to the downfall of a lot of property development projects. In fact, most industry experts had described the high-end segment of the real estate market as one enormous sinkhole.Faced with increasing construction cost,If you can’t afford to buy luxury brand watches, the best choice for you is to buy nba jerseys. tight financing and dwindling sales, a lot of development projects went down the drain even before they could enter the market.
There is now a renewed interest in recreational and luxury residences. In fact leading indicators
seem to show that this segment is well on its way to full recovery. Nonetheless, most marquee developers are still reluctant to ride the tide to recovery and plunge into action. Since most development companies took a serious hit a few years back, they could not afford to overextend themselves unless the real potential of the real estate properties is carefully assessed.
Is it time to buy recreational or luxury residences? Real estate players are not aggressive this time around. Property developers and industry experts alike were caught off-guard when the full impact the financial crisis finally reached the high end segment of the real estate market. They were blindsided by the unexpected turn of events and the rate at which the market dried up at the height of the global financial crisis. When the problem was at its peak, sales of these properties went zilch.
Notwithstanding the gravity of the situation then, the real estate markets made a strong rebound, and things are looking good again for real estate markets. Developers are again operating in positive territory, and the figures that are coming in point to a strong comeback across all segments of the real estate market.
What led to the dramatic shift? Experts attribute this positive development to the prevailing mindset of sellers. The global financial crisis had left a deep scar in the mindset of major stakeholders and high-priced property investors. Most, if not all of them, went into selling mode with the primary objective of unloading from their current portfolio high risk assets. The prevailing mood among these property investors was that they have missed the peak of the market, and they are left with no other option but to sell even below the assessed value of their properties.
This market situation bodes well for potential buyers of this type of properties. In urban centers, real properties with selling price above $3 million will attract few buyers, and in most cases it will take longer time before such properties are sold. The prevailing mood among sellers is that of the urgency to move the properties as soon as possible to cut their losses.
For buyers, this is good news. If you are searching for a recreational property,For generations,football jerseys is proverbially considered to be a man’s sport. then this is the right time to make a buy. In all real estate markets in Canada, serious buyers can find one-of-kind real estate properties with asking prices that are well below their assessed values and in some instances, below their replacement cost. This is the prevailing condition in markets of recreational properties in areas such as Whistler,. We take pride in our designs, quality, customer service, and chanel jewelry our favors have on your customers and their guests. Muskoka, Okanagan and Mont Tremblant.
Despite the positive development in real estate markets and encouraging leading indicators, experts are quick to point out that a recreational property is far from being a homerun purchase. Although there are great deals in the high-end segment, basic rules in real estate still apply. This means that the three most important variables that must be considered by buyers are location, location and location. For the high-end segment of real estate market, location is the number one driver of property values.
It is also important that you look beyond the great view when assessing the investment potential of recreational properties. Wise buyers must also take into account
the architectural significance of recreational properties. In most cases, size will not have much impact on the actual value of the property.You will first want to try jerseys wholesale on in person before you make any purchases.There are plenty of R4 ds games available on the internet that could be downloaded and installed directly on to these cards. However, you must seriously consider aesthetic appeal, quality of design and construction and overall function of the recreational property.
Recreational and luxury properties were the hardest hit when real estate markets took a nosedive a few years back. The global financial crisis had led to the downfall of a lot of property development projects. In fact, most industry experts had described the high-end segment of the real estate market as one enormous sinkhole.Faced with increasing construction cost,If you can’t afford to buy luxury brand watches, the best choice for you is to buy nba jerseys. tight financing and dwindling sales, a lot of development projects went down the drain even before they could enter the market.
There is now a renewed interest in recreational and luxury residences. In fact leading indicators
seem to show that this segment is well on its way to full recovery. Nonetheless, most marquee developers are still reluctant to ride the tide to recovery and plunge into action. Since most development companies took a serious hit a few years back, they could not afford to overextend themselves unless the real potential of the real estate properties is carefully assessed.
Is it time to buy recreational or luxury residences? Real estate players are not aggressive this time around. Property developers and industry experts alike were caught off-guard when the full impact the financial crisis finally reached the high end segment of the real estate market. They were blindsided by the unexpected turn of events and the rate at which the market dried up at the height of the global financial crisis. When the problem was at its peak, sales of these properties went zilch.
Notwithstanding the gravity of the situation then, the real estate markets made a strong rebound, and things are looking good again for real estate markets. Developers are again operating in positive territory, and the figures that are coming in point to a strong comeback across all segments of the real estate market.
What led to the dramatic shift? Experts attribute this positive development to the prevailing mindset of sellers. The global financial crisis had left a deep scar in the mindset of major stakeholders and high-priced property investors. Most, if not all of them, went into selling mode with the primary objective of unloading from their current portfolio high risk assets. The prevailing mood among these property investors was that they have missed the peak of the market, and they are left with no other option but to sell even below the assessed value of their properties.
This market situation bodes well for potential buyers of this type of properties. In urban centers, real properties with selling price above $3 million will attract few buyers, and in most cases it will take longer time before such properties are sold. The prevailing mood among sellers is that of the urgency to move the properties as soon as possible to cut their losses.
For buyers, this is good news. If you are searching for a recreational property,For generations,football jerseys is proverbially considered to be a man’s sport. then this is the right time to make a buy. In all real estate markets in Canada, serious buyers can find one-of-kind real estate properties with asking prices that are well below their assessed values and in some instances, below their replacement cost. This is the prevailing condition in markets of recreational properties in areas such as Whistler,. We take pride in our designs, quality, customer service, and chanel jewelry our favors have on your customers and their guests. Muskoka, Okanagan and Mont Tremblant.
Despite the positive development in real estate markets and encouraging leading indicators, experts are quick to point out that a recreational property is far from being a homerun purchase. Although there are great deals in the high-end segment, basic rules in real estate still apply. This means that the three most important variables that must be considered by buyers are location, location and location. For the high-end segment of real estate market, location is the number one driver of property values.
It is also important that you look beyond the great view when assessing the investment potential of recreational properties. Wise buyers must also take into account
the architectural significance of recreational properties. In most cases, size will not have much impact on the actual value of the property.You will first want to try jerseys wholesale on in person before you make any purchases.There are plenty of R4 ds games available on the internet that could be downloaded and installed directly on to these cards. However, you must seriously consider aesthetic appeal, quality of design and construction and overall function of the recreational property.
Wednesday, September 8, 2010
Buyer’s market conditions continue in Greater Vancouver
Tuesday, September 7, 2010
by RE/MAX Real Estate Services on Tue, Sep, 7, 2010 12:09 PM
VANCOUVER, B.C. – September 2, 2010 – Conditions in the Greater Vancouver housingmarket continued to favour buyers in August. Since April, prices have edged down slightly as the number of sales and the number of properties coming on to the market have been declining.
The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,202 in August 2010. This represents a 36 per cent decline from the 3,441 sales in August 2009, the second highest selling August ever recorded, and a 2.4 per cent decline compared to July 2010.
From a wider perspective, last month’s residential sales represent a 40.4 per cent increase over the 1,568 residential sales in August 2008, a 34.9 per cent decline compared to August 2007’s3,384 sales, and a 26.6 per cent decline compared to August 2006’s 2,998 sales.
New listings for detached, attached and apartment properties declined 17.5 per cent to 3,750 inAugust 2010 compared to August 2009 when 4,544 new units were listed. Total active listings in Greater Vancouver currently sit at 15,421, a 6.1 per cent decline from last month and a 29 percent increase from August 2009.
“We’re seeing moderate demand, low interest rates and a healthy but slowing stream of supply inour marketplace, all variables that favour those looking to purchase a home,” Jake Moldowan, REBGV president said. “The last few months have also shown some stability when it comes to price fluctuations in the region, which is a welcome trend after reaching record highs in April.”
Since spring, housing prices have decreased 2.8 per cent compared to the all-time high reached in April when the residential benchmark price was $593,419. Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 6.9 per cent to $576,597 in August 2010 from $539,600 in August 2009.
“Canada remains an attractive destination for foreign buyers, a fact that continues to affect activity in the Greater Vancouver housing market,” Moldowan said.
Sales of detached properties in August 2010 reached 893, a decrease of 34.7 per cent from the 1,367 detached sales recorded in August 2009 and a 66.9 per cent increase from the 535 units sold in August 2008. The benchmark price for detached properties increased 8.5 per cent from August 2009 to $795,076.
by RE/MAX Real Estate Services on Tue, Sep, 7, 2010 12:09 PM
VANCOUVER, B.C. – September 2, 2010 – Conditions in the Greater Vancouver housingmarket continued to favour buyers in August. Since April, prices have edged down slightly as the number of sales and the number of properties coming on to the market have been declining.
The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,202 in August 2010. This represents a 36 per cent decline from the 3,441 sales in August 2009, the second highest selling August ever recorded, and a 2.4 per cent decline compared to July 2010.
From a wider perspective, last month’s residential sales represent a 40.4 per cent increase over the 1,568 residential sales in August 2008, a 34.9 per cent decline compared to August 2007’s3,384 sales, and a 26.6 per cent decline compared to August 2006’s 2,998 sales.
New listings for detached, attached and apartment properties declined 17.5 per cent to 3,750 inAugust 2010 compared to August 2009 when 4,544 new units were listed. Total active listings in Greater Vancouver currently sit at 15,421, a 6.1 per cent decline from last month and a 29 percent increase from August 2009.
“We’re seeing moderate demand, low interest rates and a healthy but slowing stream of supply inour marketplace, all variables that favour those looking to purchase a home,” Jake Moldowan, REBGV president said. “The last few months have also shown some stability when it comes to price fluctuations in the region, which is a welcome trend after reaching record highs in April.”
Since spring, housing prices have decreased 2.8 per cent compared to the all-time high reached in April when the residential benchmark price was $593,419. Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 6.9 per cent to $576,597 in August 2010 from $539,600 in August 2009.
“Canada remains an attractive destination for foreign buyers, a fact that continues to affect activity in the Greater Vancouver housing market,” Moldowan said.
Sales of detached properties in August 2010 reached 893, a decrease of 34.7 per cent from the 1,367 detached sales recorded in August 2009 and a 66.9 per cent increase from the 535 units sold in August 2008. The benchmark price for detached properties increased 8.5 per cent from August 2009 to $795,076.
Tuesday, August 31, 2010
In a slower market like most of North America is experiencing, when is the right time to make a purchase? I think it comes down to the question: Is it a residential personal property or a resort property purchase?
Residential:
If it’s a residential property the main focus for the property is not investment but instead shelter and forced savings. Whether the market is declining or stable we all need a roof over our heads and thus not so dependant on timing. The important factors are interest rates and income that will factor into the mortgage and affordability.
Resort:
If it’s a resort property, your purchase could be for two reasons – as an investment or a lifestyle choice. As an investment, using an accountant and having a look at the revenue statements together with purchase price will decide your ROI (rate of return on investment) thus helping you make your decision.
As a lifestyle choice, it’s mostly based on emotion – where you are at in your life and personal enjoyment. Because we can take our computers and work with us on vacation it is making more sense today to pack up the family and have a place to go to on a more regular basis. Making a lifestyle choice purchase comes down to having a tangible asset opposed to having your money tied up in something you cannot touch like the stock market.
Timing:
A very important part in purchasing a resort property is timing due to a number of factors.
•seasonality (ski season, summer season, holidays, low rental season, school, personal holidays)
•mortgage rates
•exchange rates
•economic stability
•weather patterns
•your tax year
•purchase price
We’ve decided to touch on a couple of the above points that relate to Whistler. First and far most: our ski season. Most people choose to purchase prior to ski season to maximize their rental revenues during the peak season… i.e. Christmas/New Years is a popular time to bring families together. Historically this time of year has had phenomenal snow by mid December. For our American friends, their Thanksgiving falls in late November and this has typically been a popular time to take possession of a property. For both our local community and investors great consideration needs to be paid to homes with tenants. There are strict regulations under the BC Tenancy Act in regards to dealing with homes involving tenants… 60 days notice or are the tenants under a locked in lease? More detailed information can be found at: http://www.rto.gov.bc.ca/
Closing:
Typically a property takes anywhere from 30 -90 days to complete. Although closings can happen earlier and if the property is under construction it could take a lot longer. If the property is owned from someone other than a Canadian, a clearance certificate is required and could take up to 8 weeks or longer. Completion for a quarter share property can be orchestrated towards the next months owner’s usage.
Conclusion:
When it comes to purchasing real estate (especially in a resort) working with a local licensed real estate representative will always be your best choice. Start your search for a home with the end dates in mind, be pre-approved for the financing and make sure your deposit can be liquified within a one week time frame.
Special thank you to Carolyn who help write today’s blog while aboard the BC ferry – Women of Whistler fishing derby!
Residential:
If it’s a residential property the main focus for the property is not investment but instead shelter and forced savings. Whether the market is declining or stable we all need a roof over our heads and thus not so dependant on timing. The important factors are interest rates and income that will factor into the mortgage and affordability.
Resort:
If it’s a resort property, your purchase could be for two reasons – as an investment or a lifestyle choice. As an investment, using an accountant and having a look at the revenue statements together with purchase price will decide your ROI (rate of return on investment) thus helping you make your decision.
As a lifestyle choice, it’s mostly based on emotion – where you are at in your life and personal enjoyment. Because we can take our computers and work with us on vacation it is making more sense today to pack up the family and have a place to go to on a more regular basis. Making a lifestyle choice purchase comes down to having a tangible asset opposed to having your money tied up in something you cannot touch like the stock market.
Timing:
A very important part in purchasing a resort property is timing due to a number of factors.
•seasonality (ski season, summer season, holidays, low rental season, school, personal holidays)
•mortgage rates
•exchange rates
•economic stability
•weather patterns
•your tax year
•purchase price
We’ve decided to touch on a couple of the above points that relate to Whistler. First and far most: our ski season. Most people choose to purchase prior to ski season to maximize their rental revenues during the peak season… i.e. Christmas/New Years is a popular time to bring families together. Historically this time of year has had phenomenal snow by mid December. For our American friends, their Thanksgiving falls in late November and this has typically been a popular time to take possession of a property. For both our local community and investors great consideration needs to be paid to homes with tenants. There are strict regulations under the BC Tenancy Act in regards to dealing with homes involving tenants… 60 days notice or are the tenants under a locked in lease? More detailed information can be found at: http://www.rto.gov.bc.ca/
Closing:
Typically a property takes anywhere from 30 -90 days to complete. Although closings can happen earlier and if the property is under construction it could take a lot longer. If the property is owned from someone other than a Canadian, a clearance certificate is required and could take up to 8 weeks or longer. Completion for a quarter share property can be orchestrated towards the next months owner’s usage.
Conclusion:
When it comes to purchasing real estate (especially in a resort) working with a local licensed real estate representative will always be your best choice. Start your search for a home with the end dates in mind, be pre-approved for the financing and make sure your deposit can be liquified within a one week time frame.
Special thank you to Carolyn who help write today’s blog while aboard the BC ferry – Women of Whistler fishing derby!
Why isn't my house selling??
I have written a few blogs close to this subject before – lately however I have been asked to write on the following specific subject. “Why isn’t my House Selling?”
Most important – Price
If your house has been on the market for more than 4 months I would venture to say your price is too high. I would suggest you have your real estate representative prepare a new market analysis and consider only the most recent subject deals and sales. In a declining market it only takes two months for your property to become stale, you do not want to get into a spiral of following the market down. All homes will sell in any market it comes down to the value a purchaser perceives.
Restart the process
Take another good look at your competition - this would be any homes for sale around you or similar to yours in another area… think of yourself as the buyer and what you would look at if in the market for a home - if those properties still have not sold and you believe they show better than your home, you need to get your home priced below them. If your neighbor sells before you and the buyer picked their home over yours, your price in most cases needs to be below their sale. Unless of course the buyer could not afford your property and your property is bigger and better.
Motivation
While being motivated to sell is very important – I strongly recommend you figure out your needs versus your wants. Having to many homes for sale by sellers who are less than motivated creates a glut of homes and hurts the real estate market. As you know supply and demand determine price. An over abundance of supply sits, stagnates, and can often be used as a negative example of an over priced home in a buyers market. If anything remove your home from the market and seriously consider what improvements you need to make before entering the market again. I find a period of butting heads that goes on when a market change is clear, the buyer is expecting a great buy and the seller is refusing to negotiate. What tends to happen is our ego steps in and all sense and reason go out the window. I can relate as I was considering selling this month as well – and when my representative gave me the price and motivation speech, I was less than willing to listen to the realities of todays’ market.
The perfect “Doll House”
Top Ten Things to Do
1.A new market analysis (every 30 days)
2.Review the marketing efforts/ Incorporate Social Media
3.Have at least 8 pictures / video on MLS
4.Kitchen and Bathrooms need to be spotless
5.New paint / carpet
6.Showhome condition / stage
7.Open houses
8.Just reduced/listed cards to neighbors
9.Get feedback from potential buyers
10.Make sure you have the right agent!
Whistler Real Estate
I will admit Whistler has its unique differences to residential markets but the over all economy reflects our buyers ability to purchase homes. If our consumer feels worried about their own financial portfolios it takes more time to make a decision and sometimes up to five visits back to the resort to seal the deal. Patience is not always our virtue, nor is time always on one’s side. I still firmly believe that value sells and sometimes it takes more than one persons opinion of what that value is. Such as an investors value of Phase II properties in Whistler, the prices and cash flow make sense today. The abundance of supply on the market in Phase I & the residential market make it a great time to shop for your life style choice. If you’re a buyer – make your decision and move on it. If you’re a seller – price it right the first time.
Written by Heather Clifford
Most important – Price
If your house has been on the market for more than 4 months I would venture to say your price is too high. I would suggest you have your real estate representative prepare a new market analysis and consider only the most recent subject deals and sales. In a declining market it only takes two months for your property to become stale, you do not want to get into a spiral of following the market down. All homes will sell in any market it comes down to the value a purchaser perceives.
Restart the process
Take another good look at your competition - this would be any homes for sale around you or similar to yours in another area… think of yourself as the buyer and what you would look at if in the market for a home - if those properties still have not sold and you believe they show better than your home, you need to get your home priced below them. If your neighbor sells before you and the buyer picked their home over yours, your price in most cases needs to be below their sale. Unless of course the buyer could not afford your property and your property is bigger and better.
Motivation
While being motivated to sell is very important – I strongly recommend you figure out your needs versus your wants. Having to many homes for sale by sellers who are less than motivated creates a glut of homes and hurts the real estate market. As you know supply and demand determine price. An over abundance of supply sits, stagnates, and can often be used as a negative example of an over priced home in a buyers market. If anything remove your home from the market and seriously consider what improvements you need to make before entering the market again. I find a period of butting heads that goes on when a market change is clear, the buyer is expecting a great buy and the seller is refusing to negotiate. What tends to happen is our ego steps in and all sense and reason go out the window. I can relate as I was considering selling this month as well – and when my representative gave me the price and motivation speech, I was less than willing to listen to the realities of todays’ market.
The perfect “Doll House”
Top Ten Things to Do
1.A new market analysis (every 30 days)
2.Review the marketing efforts/ Incorporate Social Media
3.Have at least 8 pictures / video on MLS
4.Kitchen and Bathrooms need to be spotless
5.New paint / carpet
6.Showhome condition / stage
7.Open houses
8.Just reduced/listed cards to neighbors
9.Get feedback from potential buyers
10.Make sure you have the right agent!
Whistler Real Estate
I will admit Whistler has its unique differences to residential markets but the over all economy reflects our buyers ability to purchase homes. If our consumer feels worried about their own financial portfolios it takes more time to make a decision and sometimes up to five visits back to the resort to seal the deal. Patience is not always our virtue, nor is time always on one’s side. I still firmly believe that value sells and sometimes it takes more than one persons opinion of what that value is. Such as an investors value of Phase II properties in Whistler, the prices and cash flow make sense today. The abundance of supply on the market in Phase I & the residential market make it a great time to shop for your life style choice. If you’re a buyer – make your decision and move on it. If you’re a seller – price it right the first time.
Written by Heather Clifford
Tuesday, August 24, 2010
Sunday, August 22, 2010
Why Now Is A Great Time To Invest In Resort Real Estate
August 22, 2010 When Headlines Don’t Match The Real Data
Real estate, like life, follows a series of cycles. Whether you consider it locally, nationally, or globally – it’s an eternal exercise in ebb and flow, but one that over time tracks continually upwards. While the mainstream media is currently focused on eye-catching headlines reporting supposedly dire real estate economic conditions, it fails to recognize – and certainly fails to report – the differences between national, regional and local data, as well as the vast chasm between the primary vs. the vacation/secondary home market.
Current news trends amplify the real estate woes of only a handful of areas in the U.S., where speculating by ‘flippers’ and sub-prime loans to primary homebuyers have, admittedly, caused significant real estate downturns. However, while these issues affect perhaps 10% of the States in this country, markets in a large portion of the other 45 states are experiencing everything from a modest gain to a near-record high real estate environment.
One of the strongest segments of those rising market areas is the resort or vacation/second home market. Because of the nature of this market – where buyers are generally well-funded and financially capable of pursuing vacation or possibly future retirement area options – this real estate segment is typically less volatile than primary or investor-driven markets. Highly-leveraged buyers, those that help create volatility, represent only a small fraction of the resort/vacation/second home markets.
As a result, the economic forecast for this portion of the market continues on an upward swing. In 2006, vacation home sales accounted for 14% of all the nation’s home sales – according to the National Association of Realtors (a 2% increase over 2005). And even in the current economic climate, it is anticipated that 2007 statistics will continue to hold strong.
In fact, according to real estate market analysts such as renowned economist Harry Dent, the success of the resort/vacation/second home arena is truly nothing more than a simple ‘numbers’ game — driven by the sheer volume of Baby Boomers venturing ever closer to the retirement horizon.
“Rising Baby Boom birth trends…show a rising wave of peak vacation-home buyers from 2000 into 2024,” according to The Next Great Bubble Boom (H. S. Dent, 2006).
Indeed, the combination of the financial resources of the post-WWII generation, coupled with the continual rise of technological advances indicate a profound reinforcement of this prediction. No longer tied to the physical constraints of living in the city to remain commercially productive – Boomers are now recognizing their ability to live where they can play…….and rely on technology to maintain their career connection. As indicated by the chart below, the next great migration wave is off to the small towns and resort communities………and that’s precisely where the resort/vacation lifestyle is to be found.
All of these statistics and forecasts for the future of resort real estate, however, seem to fly in the face of what can only be considered by the news media: a “Great Bad News” reporting event. So it’s not surprising that the data of the past, current and future trends that investing in resort/vacation properties is well-supported – specifically those resorts located in the Rocky Mountains – is rarely seen.
In the more well-known and long-established ski resort areas – such as Jackson Hole, Wyoming and Aspen, Vail, Breckenridge, and Telluride Colorado – during the past 10 years, the value of resort properties purchased in these markets has risen from 23-28% annually. 2006 saw record results, with 2007 on track to break even those records. Condominiums typically lead this market with homes in a close second position — and as the Rocky Mountain lifestyle lends itself to year-round enjoyment of these second-home and resort properties – these statistics should really come as no surprise.
But the truth is – you won’t see them making headlines anytime soon.
Perhaps for the savvy real estate buyer, though — that’s good news. Few things are more satisfying than having done your own research, which leads you to making an advantageous and unique real estate investment. The Rocky Mountains cut a wide swath through the western U.S., and offers some of the most spectacular recreation, landscape, and lifestyles imaginable.
Look for resort areas that are earlier in the growth curve, and have a large, financially secure entity that supports massive infrastructure and community amenity improvements. These may include government supported improvements (roads, utilities, airport upgrades, etc.) or amenities (new ski lifts, golf courses, conference facilities and waterparks) that are developed by well-funded companies with a proven track record for quality. Whistler, British Columbia is one example of a location that had both strong government and corporate support twenty years ago, and real estate values have more than tripled there over the last decade.
While resorts like Aspen, Vail, Sun Valley and Jackson Hole are in their “maturing” stage, look towards those areas that have just recently “hit the radar screen”, like Central Oregon (Bend), Couer d’Alene, ID, Whitefish, MT and Kellogg, ID.
By purchasing in one of these “up and coming” resort areas, a smart buyer can still stumble into a ground-floor opportunity – similar to those seen in Vail and Aspen twenty years ago.
It’s simply a matter of reading between the headlines.
Real estate, like life, follows a series of cycles. Whether you consider it locally, nationally, or globally – it’s an eternal exercise in ebb and flow, but one that over time tracks continually upwards. While the mainstream media is currently focused on eye-catching headlines reporting supposedly dire real estate economic conditions, it fails to recognize – and certainly fails to report – the differences between national, regional and local data, as well as the vast chasm between the primary vs. the vacation/secondary home market.
Current news trends amplify the real estate woes of only a handful of areas in the U.S., where speculating by ‘flippers’ and sub-prime loans to primary homebuyers have, admittedly, caused significant real estate downturns. However, while these issues affect perhaps 10% of the States in this country, markets in a large portion of the other 45 states are experiencing everything from a modest gain to a near-record high real estate environment.
One of the strongest segments of those rising market areas is the resort or vacation/second home market. Because of the nature of this market – where buyers are generally well-funded and financially capable of pursuing vacation or possibly future retirement area options – this real estate segment is typically less volatile than primary or investor-driven markets. Highly-leveraged buyers, those that help create volatility, represent only a small fraction of the resort/vacation/second home markets.
As a result, the economic forecast for this portion of the market continues on an upward swing. In 2006, vacation home sales accounted for 14% of all the nation’s home sales – according to the National Association of Realtors (a 2% increase over 2005). And even in the current economic climate, it is anticipated that 2007 statistics will continue to hold strong.
In fact, according to real estate market analysts such as renowned economist Harry Dent, the success of the resort/vacation/second home arena is truly nothing more than a simple ‘numbers’ game — driven by the sheer volume of Baby Boomers venturing ever closer to the retirement horizon.
“Rising Baby Boom birth trends…show a rising wave of peak vacation-home buyers from 2000 into 2024,” according to The Next Great Bubble Boom (H. S. Dent, 2006).
Indeed, the combination of the financial resources of the post-WWII generation, coupled with the continual rise of technological advances indicate a profound reinforcement of this prediction. No longer tied to the physical constraints of living in the city to remain commercially productive – Boomers are now recognizing their ability to live where they can play…….and rely on technology to maintain their career connection. As indicated by the chart below, the next great migration wave is off to the small towns and resort communities………and that’s precisely where the resort/vacation lifestyle is to be found.
All of these statistics and forecasts for the future of resort real estate, however, seem to fly in the face of what can only be considered by the news media: a “Great Bad News” reporting event. So it’s not surprising that the data of the past, current and future trends that investing in resort/vacation properties is well-supported – specifically those resorts located in the Rocky Mountains – is rarely seen.
In the more well-known and long-established ski resort areas – such as Jackson Hole, Wyoming and Aspen, Vail, Breckenridge, and Telluride Colorado – during the past 10 years, the value of resort properties purchased in these markets has risen from 23-28% annually. 2006 saw record results, with 2007 on track to break even those records. Condominiums typically lead this market with homes in a close second position — and as the Rocky Mountain lifestyle lends itself to year-round enjoyment of these second-home and resort properties – these statistics should really come as no surprise.
But the truth is – you won’t see them making headlines anytime soon.
Perhaps for the savvy real estate buyer, though — that’s good news. Few things are more satisfying than having done your own research, which leads you to making an advantageous and unique real estate investment. The Rocky Mountains cut a wide swath through the western U.S., and offers some of the most spectacular recreation, landscape, and lifestyles imaginable.
Look for resort areas that are earlier in the growth curve, and have a large, financially secure entity that supports massive infrastructure and community amenity improvements. These may include government supported improvements (roads, utilities, airport upgrades, etc.) or amenities (new ski lifts, golf courses, conference facilities and waterparks) that are developed by well-funded companies with a proven track record for quality. Whistler, British Columbia is one example of a location that had both strong government and corporate support twenty years ago, and real estate values have more than tripled there over the last decade.
While resorts like Aspen, Vail, Sun Valley and Jackson Hole are in their “maturing” stage, look towards those areas that have just recently “hit the radar screen”, like Central Oregon (Bend), Couer d’Alene, ID, Whitefish, MT and Kellogg, ID.
By purchasing in one of these “up and coming” resort areas, a smart buyer can still stumble into a ground-floor opportunity – similar to those seen in Vail and Aspen twenty years ago.
It’s simply a matter of reading between the headlines.
Thursday, August 19, 2010
9 Lives Adventure
Aug 18, 2010 1:05pm
By Dee Raffo
"I would rather die than be paralyzed." This is what Karen Darke thought the night before falling off a cliff at age 21 and becoming paraplegic with no feeling from the chest down. If we are honest, this is the attitude most of us would have, but read on. This story highlights the determination, ambition and downright refusal to live life at anything less than full throttle.
I met Karim Ladki at the end of June at Whistler's Trade Show, where local businesses and organizations were exhibiting their summer adventure products. His t-shirt was the first thing that caught my eye, a distinctive cat emblem with the name "9 Lives Adventures" across the front. Immediately I was intrigued. As he shook my hand he started to explain the logo and his reason for coming to the adventure mecca that is Whistler.
9 Lives Adventures is the brainchild of Ladki and best friend Matt Thola, rooted in an adventure of Ladki's own.
Like most people the travel bug had become an itch they just had to scratch and these boys had their sights set on Africa. The only consideration they had was that Matt is in a wheelchair. Back in May 2006 he was involved in a car accident that resulted in a spinal cord injury that left him unable to walk. Even though they shared the same sense of adventure and ambition, the thought of pushing a wheelchair through villages and on dirt roads depressed them both.
"I will never forget the day I told my friend Matt Thola I was going to Africa. He was genuinely happy for me, but you could tell he was eager to propose that he come. Instead, he replied 'I wish I could go'."
When Karim returned his head was spinning. Although it would have been a tougher journey he believed that the idea of Matt joining him would have been totally realistic. With an enthusiastic partner the cogs started to turn on an idea that would hopefully pave the way for more disabled travellers searching for the same excitement and adrenaline rush that these two were after.
"We are here to open up the world to every able person who has a strong mentality and has a will to fight for more in life. Together we will explore a path of adventure, excitement, and stimulation best fit for different individuals and different disabilities."
After meeting Karim, a quick search on the net revealed similar stories of grit and determination in overcoming disabilities. His statement reminded me of a quote that I had read from Karen Darke's website, which is the perfect example of making what seems an impossible task just another adventurous challenge.
"Someone once said to me, 'Disability is a state of mind not a state of body.' That's a notion that relates to us all, regardless of whether we have a physical disability or not. Our own mind is our biggest obstacle to living and achieving our wildest aspirations. What is life if it isn't an adventure? I'm constantly amazed by what can be achieved if we set our heart and mind to it. It's all about finding belief, confidence, motivation and commitment. And of course, friends. Then there are no limits."
When I started writing this article I was worried about the term 'disabled,' perhaps thinking that it is a far too broad a term to cover the intricacies that it tries to convey. However, I think Darke knocks it on the head - being disabled is a state of mind and more of us suffer from that than I think we realize. Overcoming our disabilities is a constant battle and simply part of life.
While researching, I came across another inspirational athlete that really threw my sheltered view of "disabilities" out the window. A few years ago I read Touching the Void. Written in 1988 by Joe Simpson, it's the tale of two climbers who have a series of accidents, which leads to the heartbreaking decision to leave a man behind. However the injured climber makes it back to base camp after dragging himself down the mountain and back to safety - a tale of pure human determination to survive.
BUT just imagine the strength of mind it would take to START by dragging yourself up the mountain and knowing that was the only way you were ever going to do it. Warren MacDonald has traveled around the globe, summiting Cradle Mountain and Federation Peak in Australia, Africa's Mt. Kilimanjaro, and America's tallest cliff face, El Capitan. What might surprise you is that at age 31 he was trapped under a one-ton boulder after a freak rock fall in Northern Queensland, Australia. His legs had to be amputated mid-thigh. You can imagine the possible responses to this situation (and Matt Thola and Karen Darke would have faced the same life changing moment). However his positive attitude was unwavering. The doctor had said he obviously wouldn't walk again and here was his response:
"I don't recall him saying anything about cycling, kayaking or climbing mountains..."
Karen also sees no limits. She is hoping to be part of the British Para Cycling team and is also preparing for a expedition to the South Pole in 2012. The team is called "The Pole of Possibility" (visit the links at the end of the article to see what it takes and donate to help her get there).
"Nothing is Impossible when we are prepared to face our fears, and believe in ourselves" - Warren MacDonald
With no limitations other than those we place on ourselves, adaptive sports have come a long way in a short space of time, the epitome of "if there's a will, there's a way."
After being in town to witness both the Olympics and Paralympics I was stunned by the courage and determination of both the able and disabled athletes. Canada came away with ten gold medals, five silver and four bronzes at this year's Winter Paralympics.
Canada's "Golden Girl" Lauren Woolstencroft contributed five of the ten gold medals in the alpine ski race events, setting a new Canadian record. Lauren was born missing both legs below the knee and her left arm below the elbow, but this BC Hydro electrical engineer has never let it stop her. She began skiing at the age of four, and has now set a benchmark of excellence for all her fellow athletes to follow, becoming a national hero in the process.
"If you can hear the crowd," she said, "then you're going way too slow."
Our first Canadian gold medal winner in the Paralympic games was Whistler's Stacy Kohut in Lillehammer, 1994. He broke his back in 1992 but continued his career in action sports - he just happens to be in a wheelchair.
"Society sure has a very, very rigid view of what someone like myself can do. I take a much broader, rounder approach to what I can do and that's my job. The people in wheelchairs and people with disabilities can do whatever they want. Just give us the ball, we'll run with it."
Kohut owns a bike called a Fourcross, which is a four-wheel downhill mountain bike. His stunts and athleticism are amazing, but he doesn't see it that way. While he acknowledges that disabled people are inspirational, when you're an athlete you're just another competitor wanting to be the best - and that's the pure entertainment value.
"These things, these wheelchairs, four-wheel mountain bikes and sit-skis, you know what they are? They're wings. I put these on and I get a set of wings and I can fly anywhere," says Kohut.
When Karim began to talk about his adventurous friend I started to wonder just what was out there for disabled people, how far they could push themselves and how much companies can facilitate and adapt to be inclusive of all abilities.
The Whistler Adaptive Sports Program (WASP) works hard to make alpine recreation accessible to everyone and is a centre of learning and sports excellence. It encourages independence, self-confidence and self-motivation for all participants. Chelsey Walker, WASP's Executive Director, said that when they initially started the program in 1999 they were delivering approximately 50 ski lessons per season. Now, that figure is up to 1,400. She anticipates a 300 to 400 per cent increase in summer activities, moving into canoeing, kayaking, hiking and biking.
"Hosting the Paralympics in Whistler created tremendous awareness in the disability community as to the services that the Whistler Adaptive Sports Program had to offer," said Walker. "In 2005, the Whistler Adaptive Sports Program created a vision document that outlined our want to lever the most we could out of being the local Adaptive Sport Organization in the host mountain resort. This vision, along with initial funding by Scotiabank, allow us to hire a full time year round executive director. Their mandate was to create a Whistler Centre for Adaptive Sport which would directly benefit from Games Legacies. I am happy to say that we have been successful in achieving that vision and now operate ten sports/programs on a year round basis."
WASP is a registered non-profit charity with funding from the Resort Municipality of Whistler, foundations, fundraisers, donations and private corporations. With no guaranteed funding, finding donations is a task that Walker is continually working towards.
Adaptive sports are not cheap; a handcycle can set you back $3,500 and a sit-ski from $2,500 to $5,000. These sports are made accessible to the average participant by WASP subsidizing the cost of participation to a more reasonable level.
So what's next for WASP?
"We are working on a capital project, the Jeff Harbers Adaptive Sports Centre," said Walker. "The initial funding for the project came through a bequest that Jeff made to the Whistler Blackcomb Foundation. We have since received funding through Scotiabank, the American Friends of Whistler, the Pan Pacific and Dubh Linn Gate, the Delta Whistler Village Suites and the Troustmen Club of Leisure. We are very close to finalizing the fundraising aspect of the project and anticipate completing the building in 2011. The Jeff Harbers Adaptive Sports Centre will be located at Olympic Station on Whistler Mountain."
I had the opportunity to head out with Canadian Snowmobile Adventures with Karim and Matt on their single track ATV tour "Call of the Wild." As the name suggests, Matt wasn't taking things slow or easy; I was in for a ride!
We meet at the Carleton Lodge; they're early and keen. I haven't met Matt before but before I know it he's shaking my hand and we're talking about the trip. He has no nerves or worries and his excitement is contagious as we head over to the bus.
This is our first hurdle; Karim had explained that Matt's attitude was if he wants to do it, he will. Karim lifted him in as his other friend Alex Relf, folded down the wheelchair and got on board. That was it; no drama, no fuss. We had a 20-minute drive out to the Callaghan and Matt's already chatting up the ladies who are up on a girl's weekend away. I ask Karim what they need to think about each time they do a trip like this and he explains it's all about preparation. He laughs as he says that Matt and himself aren't the best at being organized, but they're working on it.
They bring a backpack, which contains necessities such as catheters, gloves and different medications. He has to try and keep himself and the medical supplies sterile to avoid infection. I look at the dirt and dust as we pull into Canadian's base in the heart of the Callaghan; Matt follows my look and grins.
We are anxious to get out on the trails, Liz, our guide has promised us some gnarly single track and we're pumped. We skip taking Matt up to the cabin; the winding staircase puts us off, and besides that he's already heading over to the ATVs, lined up ready to go. As I pass him a helmet Karim offers to help him on, but as he says it Matt has already hopped onto the machine and is settling himself in. His upper body agility is amazing and we joke about his "guns," which like many wheelchair athletes are pretty impressive. As the others head over to their machines I mention I'll be at the back to stay out of the way. I only hope I can keep up.
Out on the trails we do a mixture of tree covered singletrack, open rocky vistas and dusty logging roads, which we really push the speed on. As I predicted I am finding it hard to keep up but the frequent stops for photo ops mean that I don't have to panic too much. I am watching Matt from behind and on the bumpy sections finding it hard to contemplate how that would feel if I could only use my arms to steady my body. My heart leaps as he slides dangerously to one side; he quickly rights himself but has come to a stop. I assume he wanted a break, however he just asked me to move his foot back into place, after that was done we were off again.
Liz takes us to some amazing spots where we look over the entire valley; we can see Black Tusk in the background and around the corner is a waterfall pounding at the rocks below. It is truly amazing.
Back in the village we decide it's time for a drink. However, Matt is so pumped he is watching the mountain biker's head down the hill and contemplating his next adventure. People stare at us as we enter the bar; we are covered head to toe in thick dust, apart from the band around our eyes where the goggles were. Now we have bonded over a three-hour ATV tour I feel I can ask some more serious questions.
Matt was the passenger in a car that hit a lamppost at 180 km per hour and Karim dived from a boat into shallow water, landing headfirst. Both broke their seventh cervical vertebrae and both are lucky to be alive. This is what inspired the name "9 Lives Adventures" - they had a close brush with death and used up a life, and now the question is what to do with the rest of them.
Karim and Matt only met each other a year ago but I feel as if I am amongst brothers. Karim saw Matt struggling with groceries when they were both over in Victoria and after having a chat they both hit it off and with their shared experience and common ground. Now they are sitting in Whistler, B.C. hitting us up for all of our adventure sports. The week's agenda includes bungee jumping, jet boating and rally racing. They have just come from Ucluelet where Matt tried surfing and kayaking.
He really feels that there are no limits. He admits to having had some dark moments but it's hard to imagine that now; he's so full of life and a smile is never far from his face. They are off to Australia and New Zealand for their next set of adventures (you can follow their blog to keep up to date).
As I say my goodbyes I hope that I will remember this experience for the rest of my life. When faced with adversity they have conquered it and come through on top. I can only hope that if it is something that I ever have to deal with that I will have the courage, grace and determination that all these people have in abundance.
"We are alive. We are individual. We are able." That's the 9 Lives Adventures slogan.
www.9livesadventures.com
http://www.karendarke.com
http://www.warren-macdonald.com
www.whistleradaptive.com
By Dee Raffo
"I would rather die than be paralyzed." This is what Karen Darke thought the night before falling off a cliff at age 21 and becoming paraplegic with no feeling from the chest down. If we are honest, this is the attitude most of us would have, but read on. This story highlights the determination, ambition and downright refusal to live life at anything less than full throttle.
I met Karim Ladki at the end of June at Whistler's Trade Show, where local businesses and organizations were exhibiting their summer adventure products. His t-shirt was the first thing that caught my eye, a distinctive cat emblem with the name "9 Lives Adventures" across the front. Immediately I was intrigued. As he shook my hand he started to explain the logo and his reason for coming to the adventure mecca that is Whistler.
9 Lives Adventures is the brainchild of Ladki and best friend Matt Thola, rooted in an adventure of Ladki's own.
Like most people the travel bug had become an itch they just had to scratch and these boys had their sights set on Africa. The only consideration they had was that Matt is in a wheelchair. Back in May 2006 he was involved in a car accident that resulted in a spinal cord injury that left him unable to walk. Even though they shared the same sense of adventure and ambition, the thought of pushing a wheelchair through villages and on dirt roads depressed them both.
"I will never forget the day I told my friend Matt Thola I was going to Africa. He was genuinely happy for me, but you could tell he was eager to propose that he come. Instead, he replied 'I wish I could go'."
When Karim returned his head was spinning. Although it would have been a tougher journey he believed that the idea of Matt joining him would have been totally realistic. With an enthusiastic partner the cogs started to turn on an idea that would hopefully pave the way for more disabled travellers searching for the same excitement and adrenaline rush that these two were after.
"We are here to open up the world to every able person who has a strong mentality and has a will to fight for more in life. Together we will explore a path of adventure, excitement, and stimulation best fit for different individuals and different disabilities."
After meeting Karim, a quick search on the net revealed similar stories of grit and determination in overcoming disabilities. His statement reminded me of a quote that I had read from Karen Darke's website, which is the perfect example of making what seems an impossible task just another adventurous challenge.
"Someone once said to me, 'Disability is a state of mind not a state of body.' That's a notion that relates to us all, regardless of whether we have a physical disability or not. Our own mind is our biggest obstacle to living and achieving our wildest aspirations. What is life if it isn't an adventure? I'm constantly amazed by what can be achieved if we set our heart and mind to it. It's all about finding belief, confidence, motivation and commitment. And of course, friends. Then there are no limits."
When I started writing this article I was worried about the term 'disabled,' perhaps thinking that it is a far too broad a term to cover the intricacies that it tries to convey. However, I think Darke knocks it on the head - being disabled is a state of mind and more of us suffer from that than I think we realize. Overcoming our disabilities is a constant battle and simply part of life.
While researching, I came across another inspirational athlete that really threw my sheltered view of "disabilities" out the window. A few years ago I read Touching the Void. Written in 1988 by Joe Simpson, it's the tale of two climbers who have a series of accidents, which leads to the heartbreaking decision to leave a man behind. However the injured climber makes it back to base camp after dragging himself down the mountain and back to safety - a tale of pure human determination to survive.
BUT just imagine the strength of mind it would take to START by dragging yourself up the mountain and knowing that was the only way you were ever going to do it. Warren MacDonald has traveled around the globe, summiting Cradle Mountain and Federation Peak in Australia, Africa's Mt. Kilimanjaro, and America's tallest cliff face, El Capitan. What might surprise you is that at age 31 he was trapped under a one-ton boulder after a freak rock fall in Northern Queensland, Australia. His legs had to be amputated mid-thigh. You can imagine the possible responses to this situation (and Matt Thola and Karen Darke would have faced the same life changing moment). However his positive attitude was unwavering. The doctor had said he obviously wouldn't walk again and here was his response:
"I don't recall him saying anything about cycling, kayaking or climbing mountains..."
Karen also sees no limits. She is hoping to be part of the British Para Cycling team and is also preparing for a expedition to the South Pole in 2012. The team is called "The Pole of Possibility" (visit the links at the end of the article to see what it takes and donate to help her get there).
"Nothing is Impossible when we are prepared to face our fears, and believe in ourselves" - Warren MacDonald
With no limitations other than those we place on ourselves, adaptive sports have come a long way in a short space of time, the epitome of "if there's a will, there's a way."
After being in town to witness both the Olympics and Paralympics I was stunned by the courage and determination of both the able and disabled athletes. Canada came away with ten gold medals, five silver and four bronzes at this year's Winter Paralympics.
Canada's "Golden Girl" Lauren Woolstencroft contributed five of the ten gold medals in the alpine ski race events, setting a new Canadian record. Lauren was born missing both legs below the knee and her left arm below the elbow, but this BC Hydro electrical engineer has never let it stop her. She began skiing at the age of four, and has now set a benchmark of excellence for all her fellow athletes to follow, becoming a national hero in the process.
"If you can hear the crowd," she said, "then you're going way too slow."
Our first Canadian gold medal winner in the Paralympic games was Whistler's Stacy Kohut in Lillehammer, 1994. He broke his back in 1992 but continued his career in action sports - he just happens to be in a wheelchair.
"Society sure has a very, very rigid view of what someone like myself can do. I take a much broader, rounder approach to what I can do and that's my job. The people in wheelchairs and people with disabilities can do whatever they want. Just give us the ball, we'll run with it."
Kohut owns a bike called a Fourcross, which is a four-wheel downhill mountain bike. His stunts and athleticism are amazing, but he doesn't see it that way. While he acknowledges that disabled people are inspirational, when you're an athlete you're just another competitor wanting to be the best - and that's the pure entertainment value.
"These things, these wheelchairs, four-wheel mountain bikes and sit-skis, you know what they are? They're wings. I put these on and I get a set of wings and I can fly anywhere," says Kohut.
When Karim began to talk about his adventurous friend I started to wonder just what was out there for disabled people, how far they could push themselves and how much companies can facilitate and adapt to be inclusive of all abilities.
The Whistler Adaptive Sports Program (WASP) works hard to make alpine recreation accessible to everyone and is a centre of learning and sports excellence. It encourages independence, self-confidence and self-motivation for all participants. Chelsey Walker, WASP's Executive Director, said that when they initially started the program in 1999 they were delivering approximately 50 ski lessons per season. Now, that figure is up to 1,400. She anticipates a 300 to 400 per cent increase in summer activities, moving into canoeing, kayaking, hiking and biking.
"Hosting the Paralympics in Whistler created tremendous awareness in the disability community as to the services that the Whistler Adaptive Sports Program had to offer," said Walker. "In 2005, the Whistler Adaptive Sports Program created a vision document that outlined our want to lever the most we could out of being the local Adaptive Sport Organization in the host mountain resort. This vision, along with initial funding by Scotiabank, allow us to hire a full time year round executive director. Their mandate was to create a Whistler Centre for Adaptive Sport which would directly benefit from Games Legacies. I am happy to say that we have been successful in achieving that vision and now operate ten sports/programs on a year round basis."
WASP is a registered non-profit charity with funding from the Resort Municipality of Whistler, foundations, fundraisers, donations and private corporations. With no guaranteed funding, finding donations is a task that Walker is continually working towards.
Adaptive sports are not cheap; a handcycle can set you back $3,500 and a sit-ski from $2,500 to $5,000. These sports are made accessible to the average participant by WASP subsidizing the cost of participation to a more reasonable level.
So what's next for WASP?
"We are working on a capital project, the Jeff Harbers Adaptive Sports Centre," said Walker. "The initial funding for the project came through a bequest that Jeff made to the Whistler Blackcomb Foundation. We have since received funding through Scotiabank, the American Friends of Whistler, the Pan Pacific and Dubh Linn Gate, the Delta Whistler Village Suites and the Troustmen Club of Leisure. We are very close to finalizing the fundraising aspect of the project and anticipate completing the building in 2011. The Jeff Harbers Adaptive Sports Centre will be located at Olympic Station on Whistler Mountain."
I had the opportunity to head out with Canadian Snowmobile Adventures with Karim and Matt on their single track ATV tour "Call of the Wild." As the name suggests, Matt wasn't taking things slow or easy; I was in for a ride!
We meet at the Carleton Lodge; they're early and keen. I haven't met Matt before but before I know it he's shaking my hand and we're talking about the trip. He has no nerves or worries and his excitement is contagious as we head over to the bus.
This is our first hurdle; Karim had explained that Matt's attitude was if he wants to do it, he will. Karim lifted him in as his other friend Alex Relf, folded down the wheelchair and got on board. That was it; no drama, no fuss. We had a 20-minute drive out to the Callaghan and Matt's already chatting up the ladies who are up on a girl's weekend away. I ask Karim what they need to think about each time they do a trip like this and he explains it's all about preparation. He laughs as he says that Matt and himself aren't the best at being organized, but they're working on it.
They bring a backpack, which contains necessities such as catheters, gloves and different medications. He has to try and keep himself and the medical supplies sterile to avoid infection. I look at the dirt and dust as we pull into Canadian's base in the heart of the Callaghan; Matt follows my look and grins.
We are anxious to get out on the trails, Liz, our guide has promised us some gnarly single track and we're pumped. We skip taking Matt up to the cabin; the winding staircase puts us off, and besides that he's already heading over to the ATVs, lined up ready to go. As I pass him a helmet Karim offers to help him on, but as he says it Matt has already hopped onto the machine and is settling himself in. His upper body agility is amazing and we joke about his "guns," which like many wheelchair athletes are pretty impressive. As the others head over to their machines I mention I'll be at the back to stay out of the way. I only hope I can keep up.
Out on the trails we do a mixture of tree covered singletrack, open rocky vistas and dusty logging roads, which we really push the speed on. As I predicted I am finding it hard to keep up but the frequent stops for photo ops mean that I don't have to panic too much. I am watching Matt from behind and on the bumpy sections finding it hard to contemplate how that would feel if I could only use my arms to steady my body. My heart leaps as he slides dangerously to one side; he quickly rights himself but has come to a stop. I assume he wanted a break, however he just asked me to move his foot back into place, after that was done we were off again.
Liz takes us to some amazing spots where we look over the entire valley; we can see Black Tusk in the background and around the corner is a waterfall pounding at the rocks below. It is truly amazing.
Back in the village we decide it's time for a drink. However, Matt is so pumped he is watching the mountain biker's head down the hill and contemplating his next adventure. People stare at us as we enter the bar; we are covered head to toe in thick dust, apart from the band around our eyes where the goggles were. Now we have bonded over a three-hour ATV tour I feel I can ask some more serious questions.
Matt was the passenger in a car that hit a lamppost at 180 km per hour and Karim dived from a boat into shallow water, landing headfirst. Both broke their seventh cervical vertebrae and both are lucky to be alive. This is what inspired the name "9 Lives Adventures" - they had a close brush with death and used up a life, and now the question is what to do with the rest of them.
Karim and Matt only met each other a year ago but I feel as if I am amongst brothers. Karim saw Matt struggling with groceries when they were both over in Victoria and after having a chat they both hit it off and with their shared experience and common ground. Now they are sitting in Whistler, B.C. hitting us up for all of our adventure sports. The week's agenda includes bungee jumping, jet boating and rally racing. They have just come from Ucluelet where Matt tried surfing and kayaking.
He really feels that there are no limits. He admits to having had some dark moments but it's hard to imagine that now; he's so full of life and a smile is never far from his face. They are off to Australia and New Zealand for their next set of adventures (you can follow their blog to keep up to date).
As I say my goodbyes I hope that I will remember this experience for the rest of my life. When faced with adversity they have conquered it and come through on top. I can only hope that if it is something that I ever have to deal with that I will have the courage, grace and determination that all these people have in abundance.
"We are alive. We are individual. We are able." That's the 9 Lives Adventures slogan.
www.9livesadventures.com
http://www.karendarke.com
http://www.warren-macdonald.com
www.whistleradaptive.com
Tuesday, August 17, 2010
2010 Second Home Trend Report
August 16, 2010 4:05 AM EDT
The 2010 Second Home Trend Report indicates 45% of existing second home owners believe that now is a good time to buy an additional second home.
(PRWEB) August 16, 2010 -- E360’s Second Home Trend Report, surveys existing second home buyers on the preferences of timing, attributes, location, and pricing of an additional second home purchase.
Of those 45% indicating that they are in the market for a second home, Mexico is the top international destination with more than half of the total interest. E360’s Global Research Analyst, Chad Martin said “although only half of our respondents believe now is a good time to buy, it is impressive that there is a strong second home contingent looking at a market like Mexico.”
More impressively, of the remaining 54% who indicated that now would not be a good time to buy 79% indicated that they would be likely or very likely to purchase in the next 2 years. Martin says “this is a strong indication that demand will continue to grow over the next two years and will strengthen the second home market”.
As consistent with current market trends, lifestyle and vacation attributes are the leading motivator at 46% for second home buyers with investment purposes coming in next at around 41%. Second home purchases for the purpose of retirement ranked 3rd at just over 11%.
The desire for a second home geared for vacation purposes is not a surprising finding. Martin said “this is a consistent trend with the preferred attributes of the buyer being water views and proximity to water or mountain activities.” Lake and ocean views combined for an overwhelming majority of the preferred attributes surveyed with mountain views coming second.
Martin adds “While spa and medical facilities have exhibited recent high growth rate forecasts in recent studies respondents did not translate that growth into the highest motivation for a second home purchases. Green based second homes did not show the highest appeal translating into a purchase motivation. Golf has not clearly shown itself as primary appealing attribute as it translates to real estate buyers when compared to other second home attributes.”
Although most respondents indicated they would be looking in International markets for a second home, nearly 49% of purchasers will be looking domestically. “although most of these buyers plan to wait 1-2 years, this is great news for the US Second Home market. Over the next few years we anticipate that the second home market in the US that are focused 100-1000 miles from highly populated areas will see an increase in demand.”
According to the study, 40% are looking at areas 500-1000 miles away and nearly 30% are looking from 100-500 miles away from their homes. The numbers over 1000 miles dropped significantly to 11%. This supports the trend that of those interested in a domestic or Mexico second home market, nearly 39% of buyers are looking in rural areas throughout the US.
Of the same second home buyers looking at a US purchase, 49% are looking for a single family home and 60% preferred a smaller 2-bed, 2-bath floor plan.
These respondents are interested in the $200,000 to $400,000 price range and 60% are not interested in receiving financing for the purchase.
The 2010 Second Home Trend Report indicates 45% of existing second home owners believe that now is a good time to buy an additional second home.
(PRWEB) August 16, 2010 -- E360’s Second Home Trend Report, surveys existing second home buyers on the preferences of timing, attributes, location, and pricing of an additional second home purchase.
Of those 45% indicating that they are in the market for a second home, Mexico is the top international destination with more than half of the total interest. E360’s Global Research Analyst, Chad Martin said “although only half of our respondents believe now is a good time to buy, it is impressive that there is a strong second home contingent looking at a market like Mexico.”
More impressively, of the remaining 54% who indicated that now would not be a good time to buy 79% indicated that they would be likely or very likely to purchase in the next 2 years. Martin says “this is a strong indication that demand will continue to grow over the next two years and will strengthen the second home market”.
As consistent with current market trends, lifestyle and vacation attributes are the leading motivator at 46% for second home buyers with investment purposes coming in next at around 41%. Second home purchases for the purpose of retirement ranked 3rd at just over 11%.
The desire for a second home geared for vacation purposes is not a surprising finding. Martin said “this is a consistent trend with the preferred attributes of the buyer being water views and proximity to water or mountain activities.” Lake and ocean views combined for an overwhelming majority of the preferred attributes surveyed with mountain views coming second.
Martin adds “While spa and medical facilities have exhibited recent high growth rate forecasts in recent studies respondents did not translate that growth into the highest motivation for a second home purchases. Green based second homes did not show the highest appeal translating into a purchase motivation. Golf has not clearly shown itself as primary appealing attribute as it translates to real estate buyers when compared to other second home attributes.”
Although most respondents indicated they would be looking in International markets for a second home, nearly 49% of purchasers will be looking domestically. “although most of these buyers plan to wait 1-2 years, this is great news for the US Second Home market. Over the next few years we anticipate that the second home market in the US that are focused 100-1000 miles from highly populated areas will see an increase in demand.”
According to the study, 40% are looking at areas 500-1000 miles away and nearly 30% are looking from 100-500 miles away from their homes. The numbers over 1000 miles dropped significantly to 11%. This supports the trend that of those interested in a domestic or Mexico second home market, nearly 39% of buyers are looking in rural areas throughout the US.
Of the same second home buyers looking at a US purchase, 49% are looking for a single family home and 60% preferred a smaller 2-bed, 2-bath floor plan.
These respondents are interested in the $200,000 to $400,000 price range and 60% are not interested in receiving financing for the purchase.
Wednesday, July 14, 2010
How to Keep Email From Killing Your Company
Jul 07, 2010 -
Managing email now accounts for about half of the average employee's workday. It's an overused tool; and because of its sheer volume, can lead to miscommunication, conflict and more time taken out of the workday.
"Multi-tasking” with email may make you feel busy, but it doesn't drive results. You can’t check and reply to emails constantly while trying to focus on your important tasks for the day.
Yes, email helps us, but the people getting the most done are not checking email first thing in the morning or all through the day. The most productive people are the ones who start their days by working on their most important task.
When task one is done, they start on task two. Only then do they get to their email.
You’ve probably heard this dozens of times. So why are you still choosing to be unproductive by constantly checking email?
Stop the Insanity
Your company likely needs to reply to customer inquiries fast in order to avoid losing a deal or hurting your brand. For this, designate employees who are responsible for checking email frequently. Surely not everyone in your company has to be glued to their inbox. For you and your employees not on fast response duty, try these tips for handling high-volume email.
Limit the use of cc: and reply all. Be selective and think before you send, ‘Do each of these people really need to read this?’
Don't use emails to bounce ideas off people and discuss things. Push people to make lists of things they want to discuss, share, question, etc. that they should then bring up in one-on-one or team meetings.
When sending anyone an email that requires action, add to the subject line or first sentence the date/time for when a reply is needed so those receiving the email know how to prioritize.
Indicate if the email requires Same Day reading by marking it as High Priority.
Put CLEAR instructions at the top of all emails as to what you want the readers to each do with it.
If you’re a business owner or top executive and don’t have an assistant, then get one. A good friend of mine once said, “If you don’t have an assistant, you are one.” Get an assistant to manage your email for you.
Your email inbox should be empty at the end of each day: ALL emails anyone gets should be Read once, and then either acted on immediately if urgent, delegated to the proper person, or dragged to one of these 3 folders: End of Day, End of Week, or Casual Reading (I delete these if older than 2 months).
My recommendation: Do Not check your emails before 3 pm unless you are quickly scanning for an expected reply. You have more important things to do. I mentored a CEO who only checks his emails on Friday. And he’s still very actively involved in his fast-growing company.
In his best selling book, The Four Hour Workweek, Tim Ferris popularized the use of auto replies, which you can set up to tell people when to expect you to read and reply to their emails.
Bottom line: Find the right environment for you to focus and your productivity will improve – and so will the quality of your work. Try turning off your cell phone, shutting email and just focusing on projects for a little bit each day. You’ll be amazed at how much you get done.
Cameron Herold is the founder of BackPocket COO, where he coaches CEOs and entrepreneurs, and the former COO of 1-800-GOT-JUNK? He is a speaker resource for the Entrepreneurs Organization http://www.eonetwork.org and Young Presidents’ Organization http://www.ypo.org, global networks of more than 24,000 business leaders in over 100 countries, and has spoken to entrepreneurs in 17 countries and in groups as large as 2,000 people. His blog can be found at http://www.BackPocketCOO.com/blog.
Managing email now accounts for about half of the average employee's workday. It's an overused tool; and because of its sheer volume, can lead to miscommunication, conflict and more time taken out of the workday.
"Multi-tasking” with email may make you feel busy, but it doesn't drive results. You can’t check and reply to emails constantly while trying to focus on your important tasks for the day.
Yes, email helps us, but the people getting the most done are not checking email first thing in the morning or all through the day. The most productive people are the ones who start their days by working on their most important task.
When task one is done, they start on task two. Only then do they get to their email.
You’ve probably heard this dozens of times. So why are you still choosing to be unproductive by constantly checking email?
Stop the Insanity
Your company likely needs to reply to customer inquiries fast in order to avoid losing a deal or hurting your brand. For this, designate employees who are responsible for checking email frequently. Surely not everyone in your company has to be glued to their inbox. For you and your employees not on fast response duty, try these tips for handling high-volume email.
Limit the use of cc: and reply all. Be selective and think before you send, ‘Do each of these people really need to read this?’
Don't use emails to bounce ideas off people and discuss things. Push people to make lists of things they want to discuss, share, question, etc. that they should then bring up in one-on-one or team meetings.
When sending anyone an email that requires action, add to the subject line or first sentence the date/time for when a reply is needed so those receiving the email know how to prioritize.
Indicate if the email requires Same Day reading by marking it as High Priority.
Put CLEAR instructions at the top of all emails as to what you want the readers to each do with it.
If you’re a business owner or top executive and don’t have an assistant, then get one. A good friend of mine once said, “If you don’t have an assistant, you are one.” Get an assistant to manage your email for you.
Your email inbox should be empty at the end of each day: ALL emails anyone gets should be Read once, and then either acted on immediately if urgent, delegated to the proper person, or dragged to one of these 3 folders: End of Day, End of Week, or Casual Reading (I delete these if older than 2 months).
My recommendation: Do Not check your emails before 3 pm unless you are quickly scanning for an expected reply. You have more important things to do. I mentored a CEO who only checks his emails on Friday. And he’s still very actively involved in his fast-growing company.
In his best selling book, The Four Hour Workweek, Tim Ferris popularized the use of auto replies, which you can set up to tell people when to expect you to read and reply to their emails.
Bottom line: Find the right environment for you to focus and your productivity will improve – and so will the quality of your work. Try turning off your cell phone, shutting email and just focusing on projects for a little bit each day. You’ll be amazed at how much you get done.
Cameron Herold is the founder of BackPocket COO, where he coaches CEOs and entrepreneurs, and the former COO of 1-800-GOT-JUNK? He is a speaker resource for the Entrepreneurs Organization http://www.eonetwork.org and Young Presidents’ Organization http://www.ypo.org, global networks of more than 24,000 business leaders in over 100 countries, and has spoken to entrepreneurs in 17 countries and in groups as large as 2,000 people. His blog can be found at http://www.BackPocketCOO.com/blog.
Friday, July 9, 2010
Thursday, July 8, 2010
Tuesday, June 29, 2010
Chinese investors fuel population growth in B.C.
By Todd Coyne, Vancouver Sun June 29, 2010
The population of Canada has surpassed 34 million, and British Columbia again has the highest rate of growth among the provinces.
According to new Statistics Canada figures, B.C.'s population grew by 16,626 people in the first four months of the year, bringing the total to 4,510,858 residents.
The largest driver of this immigration boom?
Chinese investors.
According to the B.C. government's most current statistics, Asian immigrants made up nearly three-quarters of new arrivals to B.C. in 2009 (29,455 of 41,434).
Of these, 9,375 were Chinese, ranking China well ahead of second-place India's 6,078 immigrants and the third-place Philippines' 4,623.
Perhaps most surprising, however, is that well over a third of these Chinese immigrants -- 3,977, to be exact -- are categorized as financial investors.
Compare this with the 101 Chinese immigrants classified as entrepreneurs.
Or the mere 42 and 64 investors from India and the Philippines, respectively, and a picture begins to emerge of a new kind of migrant to Canada's West Coast.
According to Henry Yu, an associate professor of history at the University of B.C. who specializes in Chinese immigration, the new wave of Chinese investors are, in fact, coming more for lifestyle reasons than investment opportunities.
"I'll tell you: What they're not coming here to do is to make a lot of money. It's very hard to make money in Vancouver compared to, say, Shanghai or Beijing," said Yu.
"So even though government programs may be opening doors to them as business investors, it's not actually a great place to invest to make high returns."
It is a good place, however, for economic and social stability, higher education, and a better quality of life, Yu said.
According to Yu, although most of the Chinese investors coming to B.C. are still chiefly wealthy, business-oriented men, they are turning their backs on China's booming economy, opting instead for "the good life" in the Lower Mainland.
And, when they can, they're bringing their families.
"During earlier waves you had a different set of ethnic Chinese from Hong Kong, and these were very different people that were coming in the late '80s, early '90s because they wanted to basically have a way out ... in case things went sour after the handover.
"And they stopped coming, basically, in 1997."
According to Yu, those who are still coming to Canada with ambitions of wealth are bypassing Vancouver and heading for Toronto.
tcoyne@vancouversun.com
© Copyright (c) The Vancouver
By Todd Coyne, Vancouver Sun June 29, 2010
The population of Canada has surpassed 34 million, and British Columbia again has the highest rate of growth among the provinces.
According to new Statistics Canada figures, B.C.'s population grew by 16,626 people in the first four months of the year, bringing the total to 4,510,858 residents.
The largest driver of this immigration boom?
Chinese investors.
According to the B.C. government's most current statistics, Asian immigrants made up nearly three-quarters of new arrivals to B.C. in 2009 (29,455 of 41,434).
Of these, 9,375 were Chinese, ranking China well ahead of second-place India's 6,078 immigrants and the third-place Philippines' 4,623.
Perhaps most surprising, however, is that well over a third of these Chinese immigrants -- 3,977, to be exact -- are categorized as financial investors.
Compare this with the 101 Chinese immigrants classified as entrepreneurs.
Or the mere 42 and 64 investors from India and the Philippines, respectively, and a picture begins to emerge of a new kind of migrant to Canada's West Coast.
According to Henry Yu, an associate professor of history at the University of B.C. who specializes in Chinese immigration, the new wave of Chinese investors are, in fact, coming more for lifestyle reasons than investment opportunities.
"I'll tell you: What they're not coming here to do is to make a lot of money. It's very hard to make money in Vancouver compared to, say, Shanghai or Beijing," said Yu.
"So even though government programs may be opening doors to them as business investors, it's not actually a great place to invest to make high returns."
It is a good place, however, for economic and social stability, higher education, and a better quality of life, Yu said.
According to Yu, although most of the Chinese investors coming to B.C. are still chiefly wealthy, business-oriented men, they are turning their backs on China's booming economy, opting instead for "the good life" in the Lower Mainland.
And, when they can, they're bringing their families.
"During earlier waves you had a different set of ethnic Chinese from Hong Kong, and these were very different people that were coming in the late '80s, early '90s because they wanted to basically have a way out ... in case things went sour after the handover.
"And they stopped coming, basically, in 1997."
According to Yu, those who are still coming to Canada with ambitions of wealth are bypassing Vancouver and heading for Toronto.
tcoyne@vancouversun.com
© Copyright (c) The Vancouver
Monday, June 14, 2010
Second Homeownership and Interest in Vacation Rentals Continue to Remain Strong through Economic Recession
RISMEDIA, June 4, 2010—Second homeowners who rent their homes to travelers, on average, generate more than $35,000 in rental income each year, according to HomeAway, one of the world’s leading online vacation rental marketplaces which recently released its quarterly “HomeAway Vacation Rental Marketplace Report.”
On average, second homeowners are renting their properties to travelers 20 weeks a year, and the rental income generated is helping many owners offset mortgage and upkeep costs. In fact, the HomeAway report found 38% of owners generate enough rental income to cover 75-100% of their mortgage. Nearly two-thirds (63%) of owners earn enough to cover at least 50% of their mortgage.
“Owning a vacation property is not just for older Americans or the affluent. Many owners are discovering they can offset the costs of the home by renting to travelers when they’re not using it themselves, and they’re having good success lining up renters by marketing their homes online,” says Tom Kelly, Real Estate expert and author of How a Second Home Can Be Your Best Investment. “The rental income they earn can go toward paying the mortgage, home insurance, utilities and general maintenance.”
According to the HomeAway report, several markets around the country have seen significant increases in new vacation rental listings. For the fourth consecutive quarter, both New Orleans and Austin, Texas appear in the top 10 destinations with the largest increase in new listings. Sunset Beach, N.C. retains its top position from the last quarter and Telluride, Colo. dropped a spot from second to third.
More second home owners turn to renting their homesTop Markets with Largest Increase in New Vacation Rental Listings:
-Sunset Beach, N.C.
-Austin, Texas
-Telluride, Colo.
-New Orleans
-Sevierville, Tenn.
-Jackson Hole, Wyo.
-West Hollywood, Calif.
-Truckee, Calif.
-Whitefish, Mont.
-Eden, Utah
And despite the sluggish economy, second homeowners in these markets and throughout the country find that travelers are continuing to book stays, due in large part to the value afforded by a vacation home compared with a traditional hotel. Approximately 62% of second homeowners report their bookings for this summer are about the same or higher than last summer.
Now’s the time to buy vacation real estateGiven the success second homeowners have renting their homes to travelers, some are considering buying additional properties. Of the owners who cover 50% or more of their second home’s mortgage with rental income, 38% of them say they had considered buying an additional vacation home within the past year.
“There’s never been a better time in the past seven years to ‘buy low’ with the prospect of eventually ’selling high,” says Kelly. “Prices are down in just about every location, and mortgage interest rates are hovering at some of the lowest levels in history.”
Coastal areas, mountain and city destinations lure travelers looking for vacation rentalsWhether looking to buy a vacation home or just rent one for a personal vacation, finding the right destination is important. Miami and New York, again, rank in the top five most popular destinations to rent a vacation home this summer, based on traveler inquiries made on HomeAway.com between February and April 2010.
The top five most popular summer travel destinations include:Orlando, Fla.New York, N.Y.Cape Cod, Mass.Miami, Fla.Myrtle Beach, S.C.
However, when it comes to the fastest growing destinations among travelers, Beverly Hills and West Hollywood reappear as emerging hot spots, growing 119% and 130% respectively–compared to the same time last year in which they had already grown by 239% and 196%.
Emerging travel hotspotsTop 10 destinations with the largest percent increase in traveler interest from Q1 2009 to Q1 2010Telluride, Colo. (270%)Marina del Rey, Calif. (267%)New Orleans (220%)West Hollywood, Calif. (130%)Boca Raton, Fla. (129%)Cambridge, Md. (128%)South Yarmouth, Mass. (121%)Beverly Hills, Calif. (119%)Windham, N.Y. (108%)Flagstaff, Ariz. (107%)
Home-like experience of a vacation rental also big draw for travelersIf choosing between a vacation rental and a similarly priced hotel, 77% of travelers say they would choose a vacation rental over a hotel because of the home-like experience.
Deals and discounts on top of value provided by vacation rentalsWhile fewer vacation homeowners are offering deals or discounts this summer (55%) compared with last summer (66%), there are still plenty of deals to be had.
Of those owners who are offering deals this summer:
-43% plan to offer a specific percentage off the rental rate
-44% plan to offer a specific dollar amount off the rental rate
-31% plan to offer a free night with the purchase of a specific number of nights
-24% plan to offer free cleaning services
-11% plan to offer complimentary products or services, such as free tickets to a theme park
-10% do not plan to require a minimum-night stay
RISMEDIA, June 4, 2010—Second homeowners who rent their homes to travelers, on average, generate more than $35,000 in rental income each year, according to HomeAway, one of the world’s leading online vacation rental marketplaces which recently released its quarterly “HomeAway Vacation Rental Marketplace Report.”
On average, second homeowners are renting their properties to travelers 20 weeks a year, and the rental income generated is helping many owners offset mortgage and upkeep costs. In fact, the HomeAway report found 38% of owners generate enough rental income to cover 75-100% of their mortgage. Nearly two-thirds (63%) of owners earn enough to cover at least 50% of their mortgage.
“Owning a vacation property is not just for older Americans or the affluent. Many owners are discovering they can offset the costs of the home by renting to travelers when they’re not using it themselves, and they’re having good success lining up renters by marketing their homes online,” says Tom Kelly, Real Estate expert and author of How a Second Home Can Be Your Best Investment. “The rental income they earn can go toward paying the mortgage, home insurance, utilities and general maintenance.”
According to the HomeAway report, several markets around the country have seen significant increases in new vacation rental listings. For the fourth consecutive quarter, both New Orleans and Austin, Texas appear in the top 10 destinations with the largest increase in new listings. Sunset Beach, N.C. retains its top position from the last quarter and Telluride, Colo. dropped a spot from second to third.
More second home owners turn to renting their homesTop Markets with Largest Increase in New Vacation Rental Listings:
-Sunset Beach, N.C.
-Austin, Texas
-Telluride, Colo.
-New Orleans
-Sevierville, Tenn.
-Jackson Hole, Wyo.
-West Hollywood, Calif.
-Truckee, Calif.
-Whitefish, Mont.
-Eden, Utah
And despite the sluggish economy, second homeowners in these markets and throughout the country find that travelers are continuing to book stays, due in large part to the value afforded by a vacation home compared with a traditional hotel. Approximately 62% of second homeowners report their bookings for this summer are about the same or higher than last summer.
Now’s the time to buy vacation real estateGiven the success second homeowners have renting their homes to travelers, some are considering buying additional properties. Of the owners who cover 50% or more of their second home’s mortgage with rental income, 38% of them say they had considered buying an additional vacation home within the past year.
“There’s never been a better time in the past seven years to ‘buy low’ with the prospect of eventually ’selling high,” says Kelly. “Prices are down in just about every location, and mortgage interest rates are hovering at some of the lowest levels in history.”
Coastal areas, mountain and city destinations lure travelers looking for vacation rentalsWhether looking to buy a vacation home or just rent one for a personal vacation, finding the right destination is important. Miami and New York, again, rank in the top five most popular destinations to rent a vacation home this summer, based on traveler inquiries made on HomeAway.com between February and April 2010.
The top five most popular summer travel destinations include:Orlando, Fla.New York, N.Y.Cape Cod, Mass.Miami, Fla.Myrtle Beach, S.C.
However, when it comes to the fastest growing destinations among travelers, Beverly Hills and West Hollywood reappear as emerging hot spots, growing 119% and 130% respectively–compared to the same time last year in which they had already grown by 239% and 196%.
Emerging travel hotspotsTop 10 destinations with the largest percent increase in traveler interest from Q1 2009 to Q1 2010Telluride, Colo. (270%)Marina del Rey, Calif. (267%)New Orleans (220%)West Hollywood, Calif. (130%)Boca Raton, Fla. (129%)Cambridge, Md. (128%)South Yarmouth, Mass. (121%)Beverly Hills, Calif. (119%)Windham, N.Y. (108%)Flagstaff, Ariz. (107%)
Home-like experience of a vacation rental also big draw for travelersIf choosing between a vacation rental and a similarly priced hotel, 77% of travelers say they would choose a vacation rental over a hotel because of the home-like experience.
Deals and discounts on top of value provided by vacation rentalsWhile fewer vacation homeowners are offering deals or discounts this summer (55%) compared with last summer (66%), there are still plenty of deals to be had.
Of those owners who are offering deals this summer:
-43% plan to offer a specific percentage off the rental rate
-44% plan to offer a specific dollar amount off the rental rate
-31% plan to offer a free night with the purchase of a specific number of nights
-24% plan to offer free cleaning services
-11% plan to offer complimentary products or services, such as free tickets to a theme park
-10% do not plan to require a minimum-night stay
Wednesday, May 12, 2010
Before you read the article you have to take a look at this short video clip on Whistler: http://www.whistler.com/about What a place!!!
Olympians go to bat for tourism McIvor, Ricker part of Locals Know campaign
By Andrew Mitchell
One of the promises of hosting the 2010 Olympic Games was a wider awareness of tourism in Canada and B.C., using the unprecedented global exposure to revive an industry that has been on the decline in recent years. One report from the Conference Board of Canada found that U.S. visitation to Canada had declined 52 per cent since 2001.
The drop in visitation to B.C. is not as severe, but between 2001 and 2008 the number of overnight U.S. visitors dropped by roughly 18 per cent. Overall, including Asia and Europe, visitation dropped 11.2 per cent during the same period.
While it's too early to determine what impact the Games may have when it comes to reversing that trend, the Canadian Tourism Commission is lauding a poll by Lonely Planet where 73 per cent of respondents said that Canada "has it all," including wilderness escapes, cosmopolitan cities, hospitality and friendliness.
To help keep the Olympic moment going the CTC and partners at Westjet have recruited 30 Olympians and celebrities to share their favourite Canadian vacation spots at www.localsknow.ca/gold-medal-getaways. The showcase of destinations includes a Gold Medal Getaway Contest that runs through June 20, where the winner can earn 16 one-way flights between Westjet destinations in Canada - a value of approximately $12,800.
The list of athletes appearing in the ads includes snowboardcross gold medallist Maëlle Ricker, ski cross gold medallist Ashleigh McIvor, mogul skiing gold medallist Alexandre Bilodeau, skeleton gold medallist Jon Montgomery, hockey gold medallist Hayley Wickenheiser, speed skater Clara Hughes and figure skater Joannie Rochette.
Ricker picked Pacific Rim National Park as her favourite getaway, while McIvor went for nearby Tofino for the surfing opportunities.
Of course the contest is only the tip of the iceberg. Both Tourism Whistler and Tourism B.C. - now a branch of the Ministry of Tourism, Culture and the Arts - have announced campaigns to capitalize on the global awareness of the Games. In addition to the Gold Medal Getaways promotion, the CTC also committed to a $26 million campaign surrounding the 2010 Games that is currently underway.
McIvor also appeared in San Francisco last month at the Ministry of Tourism's B.C. Experience showcase. Whistler's Ziptrek Ecotours was operating at 600-foot zipline in Embarcadero Square from April 8 to 18 as part of the tourism promotion.
While the Locals Know campaign is global in reach it is targeting Canadians specifically.
"The campaign focuses on the unexpected - encouraging Canadians to seek out new and exotic experiences they didn't know existed," said CTC president and CEO Michele McKenzie. "Canada's Games have offered us the opportunity to identify with our country in a deeper and more meaningful way. Who better to inspire Canadians to get out there and explore than our iconic 2010 Olympic heroes?"
The timing of the message is also important as the Canadian dollar hovers around parity with the U.S. dollar, which may encourage more Canadians to vacation in the U.S.
The Gold Medal Getaways promotion is just one way that the CTC is looking to leverage the Games.
For example, the CTC is working with others in the tourism industry, travel trade and travel suppliers to encourage more bookings to Canada in 12 key markets. The emphasis on travel experience packages, price points and "tactical offers."
"For us it's about converting 'someday' travellers to book now," said CTC spokesperson Kelly Laver.
"We've developed strategically tailored marketing campaigns in our key markets and are working to leverage the excitement and the afterglow of the Olympic Games and turn travellers wanting to visit Canada "some day" to visit Canada soon.
"For example, Canada saw strong culinary coverage during the Games. As 'local flavours' is a strong motivating factor for South Koreans to travel long-haul, the CTC is partnering with Agriculture and Agri-Food Canada for a Canadian culinary pilot project to increase awareness of Canada as a premier travel destination offering award-winning local cuisine."
Laver says the CTC has several similar strategies and campaigns for each market.
Olympians go to bat for tourism McIvor, Ricker part of Locals Know campaign
By Andrew Mitchell
One of the promises of hosting the 2010 Olympic Games was a wider awareness of tourism in Canada and B.C., using the unprecedented global exposure to revive an industry that has been on the decline in recent years. One report from the Conference Board of Canada found that U.S. visitation to Canada had declined 52 per cent since 2001.
The drop in visitation to B.C. is not as severe, but between 2001 and 2008 the number of overnight U.S. visitors dropped by roughly 18 per cent. Overall, including Asia and Europe, visitation dropped 11.2 per cent during the same period.
While it's too early to determine what impact the Games may have when it comes to reversing that trend, the Canadian Tourism Commission is lauding a poll by Lonely Planet where 73 per cent of respondents said that Canada "has it all," including wilderness escapes, cosmopolitan cities, hospitality and friendliness.
To help keep the Olympic moment going the CTC and partners at Westjet have recruited 30 Olympians and celebrities to share their favourite Canadian vacation spots at www.localsknow.ca/gold-medal-getaways. The showcase of destinations includes a Gold Medal Getaway Contest that runs through June 20, where the winner can earn 16 one-way flights between Westjet destinations in Canada - a value of approximately $12,800.
The list of athletes appearing in the ads includes snowboardcross gold medallist Maëlle Ricker, ski cross gold medallist Ashleigh McIvor, mogul skiing gold medallist Alexandre Bilodeau, skeleton gold medallist Jon Montgomery, hockey gold medallist Hayley Wickenheiser, speed skater Clara Hughes and figure skater Joannie Rochette.
Ricker picked Pacific Rim National Park as her favourite getaway, while McIvor went for nearby Tofino for the surfing opportunities.
Of course the contest is only the tip of the iceberg. Both Tourism Whistler and Tourism B.C. - now a branch of the Ministry of Tourism, Culture and the Arts - have announced campaigns to capitalize on the global awareness of the Games. In addition to the Gold Medal Getaways promotion, the CTC also committed to a $26 million campaign surrounding the 2010 Games that is currently underway.
McIvor also appeared in San Francisco last month at the Ministry of Tourism's B.C. Experience showcase. Whistler's Ziptrek Ecotours was operating at 600-foot zipline in Embarcadero Square from April 8 to 18 as part of the tourism promotion.
While the Locals Know campaign is global in reach it is targeting Canadians specifically.
"The campaign focuses on the unexpected - encouraging Canadians to seek out new and exotic experiences they didn't know existed," said CTC president and CEO Michele McKenzie. "Canada's Games have offered us the opportunity to identify with our country in a deeper and more meaningful way. Who better to inspire Canadians to get out there and explore than our iconic 2010 Olympic heroes?"
The timing of the message is also important as the Canadian dollar hovers around parity with the U.S. dollar, which may encourage more Canadians to vacation in the U.S.
The Gold Medal Getaways promotion is just one way that the CTC is looking to leverage the Games.
For example, the CTC is working with others in the tourism industry, travel trade and travel suppliers to encourage more bookings to Canada in 12 key markets. The emphasis on travel experience packages, price points and "tactical offers."
"For us it's about converting 'someday' travellers to book now," said CTC spokesperson Kelly Laver.
"We've developed strategically tailored marketing campaigns in our key markets and are working to leverage the excitement and the afterglow of the Olympic Games and turn travellers wanting to visit Canada "some day" to visit Canada soon.
"For example, Canada saw strong culinary coverage during the Games. As 'local flavours' is a strong motivating factor for South Koreans to travel long-haul, the CTC is partnering with Agriculture and Agri-Food Canada for a Canadian culinary pilot project to increase awareness of Canada as a premier travel destination offering award-winning local cuisine."
Laver says the CTC has several similar strategies and campaigns for each market.
Wednesday, April 28, 2010
April 26, 2010
Luxury home sales soar: report
By CBC NewsCBC News
Luxury homes in Canada sold briskly during the first three months of this year, shattering records for first-quarter activity in nine of 13 Canadian markets.
Luxury homes in Canada sold briskly during the first three months of this year, shattering records for first-quarter activity in nine of 13 Canadian markets, a RE/MAX report says.
The report called Upper End 2010 cites improved economic performance, increased personal wealth, immigration and foreign investment as catalysts in the sales surge.
The recovery in luxury home sales is "nothing short of remarkable," said Elton Ash, regional executive vice-president of RE/MAX in Western Canada.
"This segment of the market was hardest hit when the recession took hold, yet its comeback has been fast and furious."
Sales rates over the same period last year increased 700 per cent in Kelowna, B.C., 300 per cent in Montreal and 263 per cent in the Greater Toronto Area, RE/MAX says.
The entry point for high-end homes in Vancouver hit $2 million, with Toronto and Montreal posting entry-level luxury home prices of $1.5 million.
The most affordable luxury homes in Canada are in St. John's, N.L., where the starting price is $400,000, and in Halifax-Dartmouth, where luxury homes start at $450,000, the report says.
The company's biggest luxury home sale in Canada during the first three months of 2010 was an 11,600 square-foot house on the west side of Vancouver that changed hands for $10.06 million.
The most active buyers so far this year have been business executives, entrepreneurs and professionals.
The vice-president of RE/MAX in the Ontario-Atlantic region said he is optimistic about real estate sales at every level.
"Real estate continues to resonate with purchasers at every price point," Michael Polzler said.
"With the top end of the market shifting into high gear, every segment of the residential real estate sector is now operating in tandem," he said.
Ash told CBC News he believes higher prices and renewed activity are here for the long term. He pointed to the slow but steady recovery of economies in the United States and United Kingdom.
"As those much larger economies continue to improve slowly and cautiously, that will help us," Polzler said, "So is there a real estate bubble? I think it's unlikely, given the other circumstances at play."
Luxury home sales soar: report
By CBC NewsCBC News
Luxury homes in Canada sold briskly during the first three months of this year, shattering records for first-quarter activity in nine of 13 Canadian markets.
Luxury homes in Canada sold briskly during the first three months of this year, shattering records for first-quarter activity in nine of 13 Canadian markets, a RE/MAX report says.
The report called Upper End 2010 cites improved economic performance, increased personal wealth, immigration and foreign investment as catalysts in the sales surge.
The recovery in luxury home sales is "nothing short of remarkable," said Elton Ash, regional executive vice-president of RE/MAX in Western Canada.
"This segment of the market was hardest hit when the recession took hold, yet its comeback has been fast and furious."
Sales rates over the same period last year increased 700 per cent in Kelowna, B.C., 300 per cent in Montreal and 263 per cent in the Greater Toronto Area, RE/MAX says.
The entry point for high-end homes in Vancouver hit $2 million, with Toronto and Montreal posting entry-level luxury home prices of $1.5 million.
The most affordable luxury homes in Canada are in St. John's, N.L., where the starting price is $400,000, and in Halifax-Dartmouth, where luxury homes start at $450,000, the report says.
The company's biggest luxury home sale in Canada during the first three months of 2010 was an 11,600 square-foot house on the west side of Vancouver that changed hands for $10.06 million.
The most active buyers so far this year have been business executives, entrepreneurs and professionals.
The vice-president of RE/MAX in the Ontario-Atlantic region said he is optimistic about real estate sales at every level.
"Real estate continues to resonate with purchasers at every price point," Michael Polzler said.
"With the top end of the market shifting into high gear, every segment of the residential real estate sector is now operating in tandem," he said.
Ash told CBC News he believes higher prices and renewed activity are here for the long term. He pointed to the slow but steady recovery of economies in the United States and United Kingdom.
"As those much larger economies continue to improve slowly and cautiously, that will help us," Polzler said, "So is there a real estate bubble? I think it's unlikely, given the other circumstances at play."
Tuesday, April 13, 2010
Thursday, April 8, 2010
Big news in Real Estate for Vancouver – What does it mean for Whistler?
Running the treadmill this morning I was listening to Cameron Muir - Chief Economist at the Real Estate Council of British Columbia - Cameron was talking to CTV News about sales for the month “MARCH 2010″ What I found interesting and then later googled like crazy to no avail was his comment about real estate in Greater Vancouver being unprecedented because of an 18 year boom the city has experienced….. with only a few down years. Cameron is someone I have followed for years - and I like to question him on his predictions and statements.
Vancouver ’s average house price hits $1,000,000 - what needed to be explained was the real price of what they called a “Standard Detached Home” was $800,000 up from a year ago of $650,000 - I am not sure where they cut off what is considered high-end housing and then determined Standard???? There were 1300 sales in the month of March - the dollar volume amounted to $1.35 billion.
The interview also showcased a local realtor who said Vancouver was one of the best real estate markets in the world… I agree that the market is not entirely fueled by the 2010 Olympic & Paralympic Games, he also said that the weather plays an important factor in deciding where you are going to live. After spending time in Victoria I would agree on this point – but most certainly there are other important factors for people to consider.
If first time buyers and investors fueled the Vancouver market for the last few years due to low-interest rates and affordability – it would seem Vancouver is about to experience a slow down in high-end sales. It now will cost the purchaser more to buy the property, more in monthly mortgage payments, and in 2 1/2 months more $$$$ to close on that property… even if the property is not new construction.
Which brings us to Whistler…. Mother Natures Playground.
Why not drive up and revisit that dream you once thought unattainable? Condo’s, Townhouses, and even Chalets (detached homes) are well below the million dollar mark – perhaps this is finally Whistler’s time to shine again in the real estate market - I mean if Vancouver is out of reach – Whistler is only an hour or so away.
Benefits
One of the top tips today in the Globe and Mail about working with the new value of our Canadian dollar was to buy real estate in the US – I think we should always consider our home land first – traveling is easier, and you’ll be able to vacation more often…. think about Thanks Giving Dinner in the mountains, an evening BBQ with friends on your sunny deck… why not lend the cabin to a local charity within your community, it would make a fabulous auction item – the benefits of owning real estate in Whistler are really endless – that’s the glory – It is yours to choose!
Happy Negotiating!
Two more very good articles I was reading today:
http://bit.ly/648nD Global Real Estate Trends
http://bit.ly/dA6GUk National association of Realtor – Resort Properties
Running the treadmill this morning I was listening to Cameron Muir - Chief Economist at the Real Estate Council of British Columbia - Cameron was talking to CTV News about sales for the month “MARCH 2010″ What I found interesting and then later googled like crazy to no avail was his comment about real estate in Greater Vancouver being unprecedented because of an 18 year boom the city has experienced….. with only a few down years. Cameron is someone I have followed for years - and I like to question him on his predictions and statements.
Vancouver ’s average house price hits $1,000,000 - what needed to be explained was the real price of what they called a “Standard Detached Home” was $800,000 up from a year ago of $650,000 - I am not sure where they cut off what is considered high-end housing and then determined Standard???? There were 1300 sales in the month of March - the dollar volume amounted to $1.35 billion.
The interview also showcased a local realtor who said Vancouver was one of the best real estate markets in the world… I agree that the market is not entirely fueled by the 2010 Olympic & Paralympic Games, he also said that the weather plays an important factor in deciding where you are going to live. After spending time in Victoria I would agree on this point – but most certainly there are other important factors for people to consider.
If first time buyers and investors fueled the Vancouver market for the last few years due to low-interest rates and affordability – it would seem Vancouver is about to experience a slow down in high-end sales. It now will cost the purchaser more to buy the property, more in monthly mortgage payments, and in 2 1/2 months more $$$$ to close on that property… even if the property is not new construction.
Which brings us to Whistler…. Mother Natures Playground.
Why not drive up and revisit that dream you once thought unattainable? Condo’s, Townhouses, and even Chalets (detached homes) are well below the million dollar mark – perhaps this is finally Whistler’s time to shine again in the real estate market - I mean if Vancouver is out of reach – Whistler is only an hour or so away.
Benefits
One of the top tips today in the Globe and Mail about working with the new value of our Canadian dollar was to buy real estate in the US – I think we should always consider our home land first – traveling is easier, and you’ll be able to vacation more often…. think about Thanks Giving Dinner in the mountains, an evening BBQ with friends on your sunny deck… why not lend the cabin to a local charity within your community, it would make a fabulous auction item – the benefits of owning real estate in Whistler are really endless – that’s the glory – It is yours to choose!
Happy Negotiating!
Two more very good articles I was reading today:
http://bit.ly/648nD Global Real Estate Trends
http://bit.ly/dA6GUk National association of Realtor – Resort Properties
Thursday, March 18, 2010
Whistler real estate, and trying to gauge the Olympic effect'
Friday, January 29th, 2010 6:01 pm By Canwest Global
VANCOUVER – Let the sales pitch begin.
With the 2010 Olympics at Vancouver and Whistler's doorstep, one local real estate insider has crunched a decade's-worth of Whistler sales results to make the case that the 2010 Olympics have given the resort's real estate a boost, and that – despite the recent global recession – property there is still a good investment.
"I still think there will be a good positive side to the Whistler story," Rudy Nielsen, president of research firm Landcor Data Corp., said in an interview.
Nielsen chronicles a doubling of Whistler's property values and widening sphere of international buyers there over the last decade to support his case.
Others are skeptical that the massive free-advertising campaign of the Olympics is having more of an effect on Whistler real estate than the improvement of transportation infrastructure on the Sea to Sky corridor, but Nielsen believes the exposure has to count for something.
"I think people will realize that this is a world-class place to be, and not only Whistler but Vancouver and British Columbia," he said.
Landcor, in a report released this week, has compiled a list of trends from examining the resort community's sales as recorded by the B.C. Land Titles office.
Between 2000 and 2010, with the 2008 financial crisis that dented markets everywhere notwithstanding, Whistler saw 8,990 property sales among the 13,134 residential properties within the resort.
And the Landcor data records dramatic price increases over the decade, with a lot of the gains coming in the first half of the decade.
The average price for a condominium, Landcor found, rose 101 per cent over the decade to $380,000 by 2010.
Townhouse average values increased 104 per cent to $677,000 over the same time period.
Detached homes, Landcor said, saw the biggest gain, rising 141 per cent to hit an average of almost $1.4 million in 2010.
And Whistler's global circle has become wider, the Landcor data suggests, with the resort recording owners from 40 different countries compared with 13 countries just a few years ago.
Granted, the number of international owners outside of North America is still small, just 556, but Nielsen sees it as significant that the audience for the resort has widened. Some 83 owners are from South Pacific locales, three are from the Middle East, 13 hail from the Caribbean and even one from Africa.
In Whistler right now, Lisa Bjornson, general manager of the Whistler Real Estate Company, said it is difficult to tell what effect the Olympics are having on the market, but there is an assumption they will.
Bjornson said the community's real estate counterparts in Park City Utah, host of alpine events for the 2002 Salt Lake Olympics, told them to expect sales to dry up in the three months leading up to and three months following the Games, but agents have been making sales.
Bjornson added that the last quarter of 2009 saw Whistler's real estate sales recover from the downturn that hit in the last half of 2008.
And Bjornson said agents in her office have been booking appointments with clients for showings during the Olympics, so they do expect to be open for business.
"We just don't know who, if anybody, is buying after the Games as a result of the exposure yet," Bjornson said. "We just know that a lot of people are going to be here."
However, University of B.C. real estate expert Tsur Somerville expects that the gains Whistler is seeing come more from the improved Sea to Sky Highway and not the additional exposure.
"I'm not saying it's zero," Somerville said in an interview, but he is skeptical that the Games will give Whistler better exposure to the market of buyers likely to buy ski-resort property than it has already had.
Somerville, director of the centre for urban economics and real estate at the Sauder School of Business at UBC, released a report, co-authored with PhD candidate Jake Wetzel, on the effects that staging Olympics have had on property prices in host cities.
In their work, Somerville and Wetzel found that being an Olympic host city did not bump property prices up any more than surrounding, non-host locations.
Any gains, Somerville said, were more attributable to general economic conditions that were shared by non-host regions, or as a result of infrastructure improvements independent of the Games.
However, for Nielsen, who is also involved in developing recreational real estate with his other companies, a bit of a sales pitch can't hurt.
"[B.C.] is the greatest place on earth to live and I'm trying to promote it the best I can," he said.
depenner@vancouversun.com
Friday, January 29th, 2010 6:01 pm By Canwest Global
VANCOUVER – Let the sales pitch begin.
With the 2010 Olympics at Vancouver and Whistler's doorstep, one local real estate insider has crunched a decade's-worth of Whistler sales results to make the case that the 2010 Olympics have given the resort's real estate a boost, and that – despite the recent global recession – property there is still a good investment.
"I still think there will be a good positive side to the Whistler story," Rudy Nielsen, president of research firm Landcor Data Corp., said in an interview.
Nielsen chronicles a doubling of Whistler's property values and widening sphere of international buyers there over the last decade to support his case.
Others are skeptical that the massive free-advertising campaign of the Olympics is having more of an effect on Whistler real estate than the improvement of transportation infrastructure on the Sea to Sky corridor, but Nielsen believes the exposure has to count for something.
"I think people will realize that this is a world-class place to be, and not only Whistler but Vancouver and British Columbia," he said.
Landcor, in a report released this week, has compiled a list of trends from examining the resort community's sales as recorded by the B.C. Land Titles office.
Between 2000 and 2010, with the 2008 financial crisis that dented markets everywhere notwithstanding, Whistler saw 8,990 property sales among the 13,134 residential properties within the resort.
And the Landcor data records dramatic price increases over the decade, with a lot of the gains coming in the first half of the decade.
The average price for a condominium, Landcor found, rose 101 per cent over the decade to $380,000 by 2010.
Townhouse average values increased 104 per cent to $677,000 over the same time period.
Detached homes, Landcor said, saw the biggest gain, rising 141 per cent to hit an average of almost $1.4 million in 2010.
And Whistler's global circle has become wider, the Landcor data suggests, with the resort recording owners from 40 different countries compared with 13 countries just a few years ago.
Granted, the number of international owners outside of North America is still small, just 556, but Nielsen sees it as significant that the audience for the resort has widened. Some 83 owners are from South Pacific locales, three are from the Middle East, 13 hail from the Caribbean and even one from Africa.
In Whistler right now, Lisa Bjornson, general manager of the Whistler Real Estate Company, said it is difficult to tell what effect the Olympics are having on the market, but there is an assumption they will.
Bjornson said the community's real estate counterparts in Park City Utah, host of alpine events for the 2002 Salt Lake Olympics, told them to expect sales to dry up in the three months leading up to and three months following the Games, but agents have been making sales.
Bjornson added that the last quarter of 2009 saw Whistler's real estate sales recover from the downturn that hit in the last half of 2008.
And Bjornson said agents in her office have been booking appointments with clients for showings during the Olympics, so they do expect to be open for business.
"We just don't know who, if anybody, is buying after the Games as a result of the exposure yet," Bjornson said. "We just know that a lot of people are going to be here."
However, University of B.C. real estate expert Tsur Somerville expects that the gains Whistler is seeing come more from the improved Sea to Sky Highway and not the additional exposure.
"I'm not saying it's zero," Somerville said in an interview, but he is skeptical that the Games will give Whistler better exposure to the market of buyers likely to buy ski-resort property than it has already had.
Somerville, director of the centre for urban economics and real estate at the Sauder School of Business at UBC, released a report, co-authored with PhD candidate Jake Wetzel, on the effects that staging Olympics have had on property prices in host cities.
In their work, Somerville and Wetzel found that being an Olympic host city did not bump property prices up any more than surrounding, non-host locations.
Any gains, Somerville said, were more attributable to general economic conditions that were shared by non-host regions, or as a result of infrastructure improvements independent of the Games.
However, for Nielsen, who is also involved in developing recreational real estate with his other companies, a bit of a sales pitch can't hurt.
"[B.C.] is the greatest place on earth to live and I'm trying to promote it the best I can," he said.
depenner@vancouversun.com
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