FRIDAY APRIL 3, 2015 VOL. 42, NO. 11
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Watch for more online at: WWW.BOWENISLANDUNDERCURRENT.COM
Little builders
Photos from the latest fun at the IRLY
Bowen poetry
Jude Neale’s success... and Woodall’s “poet’s dilemma”
Howe Sound’s “tube worm”
You have more in common with this critter than you think
Realtor points to the numbers: It’s a seller’s market MERIBETH DEEN EDITOR
April 12 - 18 is National Volunteer Week. At The Undercurrent, we are making April Volunteer month and will feature Bowen Island volunteers each week. Above are just a few of the volunteer drivers for Caring Circle. In 2014 these volunteers helped 36 fellow Bowen Islanders get to medical appointments in town.
Meribeth Deen, photo
Mayor Skeels stands with Burnaby’s Derek Corrigan against National Energy Board (NEB) and Kinder Morgan proposal MERIBETH DEEN EDITOR
In a press release sent out by the City of Burnaby, the mayors of Burnaby, Vancouver, New Westminster, North Vancouver, Squamish and Bowen Island co-signed a statement of non-confidence in the existing National Energy Board (NEB) public hearing process. The Mayors’ Declaration on Kinder Morgan Energy Process states that: It has become apparent that the NEB process does not constitute a ‘public hearing’ and is completely inadequate to assess
the health and safety risks of a proposed pipeline through major metropolitan areas, and the potential risks of shipping bitumen oil to Burnaby and through the Burrard Inlet, the Salish Sea and along the coastline of British Columbia. Kinder Morgan is proposing a $5.4 billion expansion to the Trans Mountain pipeline, the only line that runs oil from Alberta to B.C.’s West Coast. The proposal includes expanding the Burnaby Mountain tank farm and the Westridge Marine Terminal in the Burrard Inlet, where tankers fill up on crude. If it goes through, the expanded pipeline will bring 890,000 barrels of crude oil per day to be shipped to the open ocean.
Looking at a chart tracking the sale of Bowen Island homes, month by month, between 2003 and the present, realtor Dee Elliot is hesitant to say that the island’s real estate market has recovered. However, Elliott does say, she has a long list of potential home-buyers looking on Bowen Island, many of whom are disappointed with the number of homes currently on the market here. “I’ve noticed that a lot of people are coming here for trial periods living on Bowen, to see if they can handle the commute and that sort of thing,” says Elliot. “That’s a new thing for sure.” She points to the numbers to tell the story: by the end of March, 2014, realtors on Bowen had only sold five homes. This year, they’ve made 17 homes sales through MLS. Elliott adds that with only 44 homes currently on the market, buyers are complaining. “People expect more availability,” she says. “We may see more come on the market in the next few months. Last year, by the end of spring there were more than 80 properties listed.” Elliott says she also gets almost daily inquiries from people looking for places to rent on Bowen, but there is little availability, and she doesn’t have time to manage these calls anyhow. “I am too busy dealing with buyers right now,” says Elliott. With regards to the sellers, Elliott emphasizes that people can’t expect their home to sell for what it might have been worth in 2007, or for a price comparable homes for sale in Vancouver. “What makes Bowen attractive is the fact that we are cheaper than Vancouver. If prices go up that’s over,” she says. “Aside from that, there is no obvious reason why homes on Bowen are selling. Interest rates are low, but they’ve been low for a long time. But there’s also the other thing I heard someone say recently: I came to Bowen because it was the only place I could afford, now I couldn’t imagine living anywhere else. Maybe that is the reason we see the situation we have here, now.”
For more statistics on Bowen Island real estate, see page 10.
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