BETHANY LINDSAY (VANCOUVER SUN) Bus routes in downtown Vancouver are being redrawn, and TransLink is asking the public for input on whether the proposed changes meet the needs of the city’s growing population. The revamp focuses on three areas: Downtown-only buses, Cambie Bridge routes, and transit along downtown’s eastern corridor. TransLink has partnered with the City of Vancouver on the project, which began last summer with a consultation with businesses, transit users and other stakeholders. “We’ve identified some promising alternatives for the future that reflect what people have told us,” said Brian Mills, TransLink’s director for system planning and research. Those alternatives are now being presented to the public in a series of open houses. All of the options are available online on TransLink’s website at translink.ca/downtownbusreview. Why do this? According to TransLink, the number of people living in the downtown peninsula has more than doubled in the past two decades. Meanwhile, users’ transportation patterns have changed with the introduction of new Canada Line stations in 2009 and heavy development in Yaletown, Gastown and Chinatown. The city is also considering permanent road closures in the 600-block of Cambie Street and the 800-block of Robson Street. What could change? Transit riders have said they would like to see easier connections between the West End and Yaletown, and between Yaletown and Gastown. They also want downtown routes to be more direct and easier to understand. How do you get involved? TransLink is holding three open houses this week to allow the public to give their opinions on the proposed changes: Wednesday from 3 p.m. to 6 p.m. at the Woodward’s Atrium; Thursday from 3 p.m. to 6 p.m. at Roundhouse Community Centre; and Saturday from 11 a.m. to 2 p.m. at the central branch of Vancouver Public Library. Anyone who cannot attend the open houses can give their thoughts in an online questionnaire. When will the changes take effect? TransLink hopes to complete a study of the options and decide on a recommended redrawing by the end of the summer, but the timeline for putting a plan in action depends upon funding. (VANCITY BUZZ) The Vancouver Art Gallery was buzzing last evening with design and architecture enthusiasts that had the opportunity to view local and international talent for the Robson Redux Design Competition 2014. Fred Lee, Vancouver’s Man-About-Town on CBC Radio One, kicked off the evening with an introduction to the event. The Robson Redux competition featured over 80 designers and 100 submissions for this year’s temporary summertime transformation of the 800 block of Robson into a fun summer plaza for pedestrians. International submissions came from as far away as Ukraine and Japan. The City of Vancouver’s VIVA Vancouver program intends to transform downtown with an innovative and environmentally friendly design that will turn road spaces into people friendly public places. The winning team will be announced on April 15, and the first place designer will receive $40,000 to cover the costs of materials, fabrication, construction, installation, and de-installation for their projects. Online voting opens today and individuals can participate and cast their vote on the Viva Vancouver Design Competition website. Over the last few years, VIVA Vancouver teamed up with various local partners working on repurposing and transforming road spaces into a temporary or semi-permanent public space for residents to enjoy. This program is intended to create a vibrant and vivacious space where passersby can enjoy each other’s company by creating social connections. In the past, we have seen some interesting concepts and designs that have been featured, showcasing local and international talent, like 2013′s winner – Corduroy Road. HAARUUN DHUBAT (YAHOO FINANCE) - Maybe it's the sky-rocketing home prices in key markets, but Canadians are saying sayonara to the traditional way of buying a home and are either going in alone or doubling up with friends or relatives. A quarter of Canadians who’ve bought a home in the last two years made the significant financial move on their own, while four in ten Canadians believe purchasing a home with friends and family is a great way to access the housing market, according to a survey by TD. Jesse Vorona is one of those ‘solo’ buyers. He recently purchased his first property in the Greater Toronto Area because he was more than comfortable going it alone. "I like to call the shots when it comes to my investments,” Vorona told Yahoo Canada Finance. Households comprising of single Canadians make up 27.6 per cent of all homes, according to Statistics Canada. And it looks like young, single women are dominating the solo route in Canadian cities. Women, especially those in their 20s, represent one-third of all condo sales in Montreal and Toronto, according to the Globe and Mail newspaper. Single women are more likely than men to be solo first-time home buyers thanks to changes in income levels and demographic shift, according to RBC's 19th annual Homeownership Poll. "Women are being more cautious than men, weighing cost, affordability and job security before buying a home," Marcia Moffat, head of home equity financing for RBC, said in a recent release. But there are those who are less comfortable making the investment without a safety net or financial support. Toronto resident Mike McCann went the non-traditional route, purchasing a property with multiple buyers because of the security it offered. “For larger properties I would work within a partnership for financial reasons,” McCann says. If you are buying alone or with a partner, many of the guiding principles that exist for traditional, nuclear families still apply. For instance, you need to know how much you are comfortable spending and what your budget will look like once home-associated costs are accounted for. "Once homebuyers set their budget and down payment, they can take their prospective monthly mortgage payment for a test-drive and 'pay' into a TFSA or savings account," says Michelle Snow, associate vice president, retail products at TD in a release. "This two-fold solution allows the homebuyer to see how comfortable the monthly mortgage payment is before locking in, and save for a larger down payment at the same time. For co-purchasers, it opens the line of communication to talk about how these monthly payments will work after the purchase." Communication will be key in any alternative purchasing plan, especially when it comes to the purchase price, which is a motivating factor for pooling capital and seeking alternative home buying strategies in the first place. “I think it is predominantly due to an increase in property prices and tighter lending requirements,” Snow says of the influx of co-purchasers. For example, 96 per cent of Ontario-based home buyers consider the price of the home the most important factor when purchasing property, according to research from the Real Estate Council of Ontario. The national average purchase price for a single-family home in Canada now sits at $406, 372, which is a 10 per cent increase from the same month year-over-year (February), according to theCanadian Real Estate Association. From an ownership standpoint, buying a home by yourself or with a group isn’t necessarily better than what has been traditionally observed in the Canadian housing market says Chris Allen a Toronto-based realtor. Then again “If you have the capital then absolutely go ahead and put it in your name and finance the property yourself or with your friends and family,” says Allen. “The trend with ‘team buying’ is a good thing if you’ve done your due diligence with your friend, you don’t want to get into a business relationship without nailing down all of the facts.” Consider this before you buy a home with your group of besties: If you are buying a home there should be some legally-binding agreement that protects home buyers from one of the other members leaving the arrangement, cautions certified financial planner Margaret Richards. “[Traditionally] if you are married there is family law to protect you,” says Richards. |
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