Bowen Island Undercurrent August 5 2016

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FRIDAY AUG 5, 2016

VOL. 42, NO. 77

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Watch for more online at: WWW.BOWENISLANDUNDERCURRENT.COM

New friends in Snug Cove

Welcoming the seal pup born on the Union Steamship dock

Yaki Onigiri

Fastpitch tournament

A delicious side for upcoming picnics

Schedule of the weekend’s games and more

No deal is safe New real estate tax hits Bowen MERIBETH DEEN EDITOR

This past weekend was one of revelry for many Bowen Islanders, but the community did not forget to give. The Little Red Church collected hundreds of pounds of food and raised nearly $2000 for the local food bank with their Cram the Cruiser event on Friday. From left: Dani Gifford, Shelagh MacKinnon, RCMP CPL. Paulo Arreaga and Lynn Williams. Meribeth Deen, photo

Second trial on Cape Roger Curtis docks on hold MERIBETH DEEN EDITOR

A civil trial against the Bowen Island Municipality filed by Zongshen Envirotech Ltd. was put on hold last week due to the illness of the municipality’s lawyer. The plaintiff in this case blames the municipality’s “delay tactics” for his inability to build docks on his properties at Cape Roger Curtis prior to May, 2015, when council adopted a bylaw banning docks on that area of Bowen Island’s shoreline. Mayor Murray Skeels says a number of the plaintiff ’s arguments have already been knocked down by the court case

launched by other Cape Roger Curtis property owners that was ruled upon by the BC Supreme Court in April, 2016. “In this case the plaintiff is relying a piece of Common Law relating to a ‘commitment to use’,” says Skeels. “On one of the properties on the shore of CRC, this doctrine was in effect because a concrete pad had been put in place, indicating that construction was underway. Zongshen’s argument is that money and time invested shows a similar intent to build. These are tricky cases and the outcome will be determined by the strength of legal arguments on both sides. It’s impossible to determine the outcome.” The case is currently scheduled to be heard in the Supreme Court of British Columbia on September 1.

F r i Au g 5 - T h e W h i s k e y D i c k s S a t Au g 6 - T h e M a n e u v e r s S u n Au g 7 - T h e N e w S h a c k l e t o n s

$10 coVer eacH NigHt

A new tax announced by the provincial government penalizing non-Canadians purchasing homes in Vancouver and Bowen Island left realtors scrambling last week. On Thursday, Bowen Island realtors Dee and Frazer Elliott rushed to finalize a house that had sold months ago, but had a previously scheduled closing date in mid-August. “If this deal doesn’t close tomorrow, our client will have to pay either $114,000 in tax, or back out of the deal and lose his deposit of $38,000,” said Dee Elliott on Thursday. She added that her Singaporean client was purchasing a relatively modest house and hoping to send his son to school on Bowen Island. “This tax may have been prompted by investment by Chinese buyers in Vancouver, but many other people from all over the world will have to change their plans because of it.” On Friday, Elliott confirmed that “everything fell into place” for her client, allowing the deal to close without adding the new 15 percent tax on to the sale price. The new tax affects greater Vancouver including Bowen, but not Squamish, Whistler or the Sunshine Coast. “Abbotsford will not be affected by this tax, but we are,” says Elliott. “For a young family looking to get out of the city and raise their kids in a nice community they can either move to Bowen or east of the city, Maple Ridge and Abbotsford. This tax does affect Maple Ridge but not Abbotsford, and it will most definitely affect prices here.” Since the beginning of 2016, realtors on Bowen have sold 48 homes, down from 57 this time last year. However, that drop is largely attributed to a lack of houses up for sale. Elliott says that prices started to climb in March of 2016, and although she does not have data on how much prices have risen, she says it could be as much as 30 percent. “I don’t think that anyone who has a deal happening on their property should feel safe right now,” says Elliott. “This will impact potential buyers moving here from Vancouver, this will effect sellers who have plans to buy new properties on Bowen, this will effect the economy down the line. This will have repercussions beyond what we can imagine right now.” Dee’s son and now business partner, Frazer Elliott, says he has personally been impacted by the rising prices and agrees that something needs to be done to make housing more affordable, but disagrees with this tactic. “My wife and I were just at a point where maybe we could afford to buy a home when prices started to rise, and we were priced out of the market,” he says. “Something definitely needs to be done to make housing more affordable but adding a 15 percent tax to a pre-existing, legally binding contract is not the way to do it.”

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