Tri-City News October 5 2016

Page 1

ONLINE 24/7: TRICITYNEWS.COM

TC ARTS/ENTERTAINMENT: 23

Coquitlam captured in art display CHRISTMAS TOY RUN

TC

INSIDE: Purpose-built rental going up in Coquitlam [pg. 5] / TC Sports [pg. 26] WEDNESDAY, OCT. 5, 2016 Your community. Your stories.

TRI-CITY

NEWS

REAL ESTATE

Property sales figures tumble in the Tri-Cities Data shows softening in market conditions compared to last year DIANE STRANDBERG Tri-CiTy News

Uncertainty in the Metro Vancouver real estate market has spilled over into the Tri-Cities with detached home sales plunging over the summer and prices also retreating. Recent data from the Real Estate Board of Greater Vancouver (REBGV) show Coquitlam, Port Coquitlam and Port Moody have been hit by the cooling market but REBGV president Dan

Morrison cautions against reading too much into monthly statistics. “Detached housing has been taking a hit in terms of sales and in terms of price pressure but townhouses and apartments are still very strong,” Morrison said. The impact of the foreign buyer’s tax is more likely being felt on the higher end of the housing market in West Vancouver and Richmond, Morrison said, while Tri-City real estate is impacted more by buyer fatigue and “aggressive pricing” by home sellers. “Those two things were softening the market anyways,” Morrison said. see FEDERAL INITIATIVES, page 7

ARENA STRATEGY

Curlers want rink plans put on ice Opposition to facility amalgamation plans SARAH PAYNE

TRACY RIDDELL PHOTO

Some 1,700 riders rolled from Coquitlam Centre mall and through Port Moody Sunday morning for the 38th annual Vancouver Motorcycle Christmas Toy Run, which finished at the PNE in Vancouver. Chris Bayliss, executive director of the Lower Mainland Christmas Bureau, said 2,000 unwrapped toys came in — and $16,000 — on the day for families in financial need.

The Tri-CiTy News

The city of Coquitlam is finding itself between a rock and a hard sheet of ice as it grapples with competing demands from curlers and hockey players for a

limited supply of rink space. At Monday’s council-in-committee meeting representatives from the Coquitlam Sports Centre Users’ Association and the Coquitlam Curling Club pleaded with council members for a way to accommodate all sports enthusiasts, and suggested it was time to build a standalone curling facility.

see ‘TO REMOVE’, page 8

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