In the second quarter of 2016, all of the apartment buildings with a value of $1 million CAD or more sold “off market,” according to Colliers International, as reported by SCMP.
“Off market” sales are when buyers approach property owners with cash offers, even though the owners aren’t selling at the moment.
Prices have shot up in Victoria. Apartments have gone from $152,000 to $186,000 (for the average apartment building) in the last year, and reports are that the most recent sales are much higher still.
It is thought that prices in areas around Vancouver are being driven up due to overflow of the same reasons Vancouver homes have been driven into “crisis” levels: mass immigration, particularly from China, as well as safe, relatively easy investment and money laundering opportunities.
Man Running Across Canada And Back Has Made It Half Way
Cross Canada charity runner Fast Eddy has made it to the East Coast — he ran from Vancouver Island to Cape Spear, Newfoundland, the most eastern point in North America, and is now on his way back to the West Coast.
The ultramarathoner started out in Victoria, British Columbia last March. He calls the journey his “There and Back Run” — and it has two charity causes, Alzheimer’s and Breast Cancer,” two medical conditions close to Fast Eddy.
Alzheimer’s is something Fast Eddy’s grandmother deals with. She helped raise the runner and gave him his nickname. Fast Eddy’s birth name is Edward Dostaler. Breast cancer was a cause undertaken by Fast Eddy’s former professor, Tom Owen, who taught at Thompson Rivers University before his death from lung cancer.
The run has already amounted to 10,000 kilometers one way. The way back will be twice as long.
“Now I’m basically running across Canada again but twice in one go,” Fast Eddy told us.
In order to fit speaking engagements into the trip, Fast Eddy is running a leg, running back, and driving back again to his furthest point.
“It allows me to go to schools and do presentations and put the causes first,” Fast Eddy said. Also, he is his own driver, so it is a practical method of juggling the tasks of running and driving the gear necessary for the trip.
Not only is Fast Eddy raising money for charity, but he’s also speaking to students in Canada’s school on such topics as saying “no” to bullying, believing in yourself, and persevering. The issues are ones personal to Fast Eddy, like the causes he is fundraising for. Bullying was something the activist faced in school — moving three times with his family because of it — and persevering is something he says he deals with every day.
“Every morning you have to get up and face the mental challenge of your day,” he tells the kids he speaks to. “The brain has to say, ‘Nope, we’re going to get up and get going.’ Don’t quit, just keep on moving.”
Interesting “There and Back” Facts
– It takes 4,500 calories per day to fuel the body running as much as Fast Eddy runs
– It will take 28 pairs of shoes to make the complete “There and Back” journey (a pair of runners lasts approximately 700 kilometers)
– The cost will be around $25,000
– The total length of the trip will be 21,585 kilometers
By Justin Munce
For the First Time in Over 100 Years, Bison Freely Roam Banff National Park
Parks Canada announced this week that wild bison have been released in a remote valley in Banff National Park in a project to re-establish a thriving herd in the area.
The released group numbers 16 bison in total, mostly pregnant 2-year-olds.
Parks Canada will monitor the herd with radio collars for the first 16 months, with the eventual goal of releasing the Bison group into a 1,200 square kilometer area where they will meet other native species and join a natural ecosystem.
Harvey Locke, a conservationist, writer and trustee with the Eleanor Luxton Historical Foundation in Banff, was quoted: “This is a great day for Banff National Park. It’s a great day for Canada and frankly, it’s one of the great days for wildlife conservation in the history of North America.”
Photos: Parks Canada and Johane Janelle/Parks Canada