2679 replies to this topic

[Nparker]

Any signs of retail tenants on the ground floor of the Janion?

[MarkoJ]

If Marko does get wind of this, maybe he can explain why there seems to be a slice of cold pizza on the "staged" dining table?

 

Are you questioning my marketing tactics?  

 

You want to sell people on a lifestyle, you know like if a house has a hot tub your throw a bikini close by along with a few empty beer bottles.

[Shack]

So the commercial/retail space is now "Leased"! Anyone out there have an idea to whom?

[Janion Fan]

Exciting!!!! I hope somebody's got some insider info to share.

[Gary H]

Sales center for the Johnson Gateway?  

Edited by Gary H, 15 May 2017 - 05:50 PM.

[rambaldi]

So the commercial/retail space is now "Leased"! Anyone out there have an idea to whom?

 

One of the spots looks like it has been leased

 

but not the other

 

unless they ran out off "LEASED" stickers

Edited by rambaldi, 15 May 2017 - 06:20 PM.

[rambaldi]

The staircase is now open

[Mike K.]

Now there's no excuse not to finish the bridge.

[MarkoJ]

Does anyone have the details on the heritage tax exemption? Is it for both sides of the building or just the Store side? 

[Janion Fan]

Does anyone have the details on the heritage tax exemption? Is it for both sides of the building or just the Store side? 

 

All I know/understand is, it's not applicable for taxes payable this July as we missed the deadline to qualify (or something like that), late last year. My understanding and hope is that it applies to the entire development as that is what was being promoted/displayed in the sales office materials. I'm not sure who to ask to find out for certain though. If you find out, can you please come back and let us know?

[Janion Fan]

Does anyone have the details on the heritage tax exemption? Is it for both sides of the building or just the Store side? 

 

I did some digging in my disclosure statement, Marko, and my understanding is this - the footprint of the entire development, old and new, is one single lot. Lot 1. As long as the developer adhered to the rules for 10-year exemption (38% reduction), all the units in The Janion should qualify. In order for the exemption to have been applied in the 2017 tax year, occupancy would have needed to have been prior to October 31. 

 

I believe that our 2018 tax bills will reflect the exemption and, will run for 10 years from 1 January 2018. 

 

I just received my Property Tax bill and, I don't see an exemption/reduction mentioned anywhere. I was pleased to see a lower-than-market value (much lower, actually, judging by reported sales here). It made the lack of a heritage reduction this year easier to take, as the tax was lower than I'd expected. I'm thinking, though, that if these low market values are across the Janion board, some who are financing might get raised eyebrows from their appraisers and lenders.

Edited by Janion Fan, 26 May 2017 - 05:26 PM.

[Szeven]

Thought this was interesting: 

 

https://www.realtor....Columbia-V8W0E3

 

Unit was purchased for 295k in January, now trying for 339k. 

[Nparker]

...Unit was purchased for 295k in January, now trying for 339k. 

Even the purchase price was well over $1000/sq.ft.

[dasmo]

Even the purchase price was well over $1000/sq.ft.

$13.75 is well over?

[Nparker]

$13.75 is well over?

Unit is 291 square feet; purchase price in January 2017 was $295,000. You do the math.

[dasmo]

Unit is 291 square feet; purchase price in January 2017 was $295,000. You do the math.

OK. $295,000 / 291 = $1,013.75. $13.75 more than $1000. Or 1.375% more than $1000/sq ft. 

[Nparker]

OK. $295,000 / 291 = $1,013.75. $13.75 more than $1000...

See, you did the math. My point being that the $1000/square foot threshold was surpassed a while back.

[dasmo]

And my point was 1.375% is far from "well over"...  . 

[Nparker]

And my point was 1.375% is far from "well over"... 

I suppose that depends on how one defines well over. For example, the Pandora bike lanes get used by well over 0.3% of the population of the CRD on a daily basis.

[dasmo]

:-P