Burnaby NewsLeader, December 07, 2012

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City staff put work on display

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it’s time for a homeless shelter

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mayor addresses state of the City

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friday

december 7 2012 www.burnabynewsleader.com

Burnaby took on new west in under-12 field lacrosse action saturday at Burnaby lake sports Complex west.

See Page a17

Chang gets apology a year later Apparently prompted by defamation lawsuit Wanda chow

wchow@burnabynewsleader.com

Wanda choW/neWSLeader

a Coldwell Banker real estate study show that Canada’s top three markets for an average home are in metro Vancouver, with Burnaby at number three.

Third-most expensive in Canada: study Company’s survey looked at average prices; prices have dipped, but no ‘fire sale,’ says realtor Wanda chow

wchow@burnabynewsleader.com

Burnaby is the third-most expensive market in Canada to buy a home after Vancouver and Richmond, according to a study by Coldwell Banker Real Estate. The study looked at Coldwell Banker’s average listing prices of four-bedroom, two-bathroom

properties on its company website between January and June of this year. In Burnaby, the average price for the company’s listings was $917,968, after Vancouver’s $1.87 million and Richmond’s $1.18 million. Burnaby was well ahead of fourth place, Oakville, Ont. at $745,000. The most affordable city in the study was Windsor, Ont., with an average listing price of $170,991. Arthur Ng, manager of Coldwell Banker Westburn Realty, said Burnaby’s popularity with home

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buyers is due to its proximity to Vancouver and its central location yet being relatively more affordable. “I think people are realizing, I only have so much money and I don’t want to be out in the boonies,” Ng said. Richmond’s market is more influenced by Asian buyers, specifically those from overseas. But Ng said those buyers aren’t just investors and speculators. “That’s what the misconception is. I wouldn’t call it an investment ... Their kids are going to school [here]

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so they buy properties for them and they have plans to retire here, and many of them have come to retire here.” Ng said many overseas Asian buyers have bought here and set down roots, planting their families, attracted by the stability of Canada, but with the breadwinners sometimes continuing to work back in their home countries. They often settle in Richmond because they feel at home with its many Asian shops and restaurants. please see no fire SaLeS, a4

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Former Burnaby Green Party candidate Helen Chang finally has her apology, albeit a year later. And after she filed a defamation lawsuit. Chang was upset with an ad prepared by the Burnaby Teachers’ Association (BTA) and published in local newspapers in November 2011 before the last civic election. The ad indicated which school trustee candidates the BTA endorsed and criticized those it did not. Chang was cited for having run for office “under every banner except BCA (Burnaby Citizens Association) including the Liberals.” That’s simply not true, Chang said in an interview. In 2005, she was elected school trustee as a member of Team Burnaby. The next time around, in 2008, she ran as an independent. In 2009, she ran in the provincial election for the Green Party of B.C. And in 2011, she carried the Burnaby Green banner. please see chang, a4


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