February 2019

In this issue

Feb 7, 2019
Lunch with hotelier Mandy Farmer
Lucy Hyslop

During her two decades in the hospitality industry, Mandy Farmer has risen from working on the front desk through sales to become CEO of her family’s Accent Inn and Hotel Zed properties. Checking in to have fun daily, Farmer suggests, is the key to working well with some 250 employees in Victoria, Vancouver, Kelowna, Kamloops and Tofino. She explains why...

Feb 6, 2019
Is B.C. losing its edge?
Nick Rockel

It’s Saturday morning, but this feels like fright night. In the packed basement auditorium of the Sheraton Vancouver Wall Centre hotel, the BC Liberal Party is holding the Economy Alert rally of its annual convention. Lightning bolts flash across a screen as it relays a string of gloomy headlines: Struggling Forest Sector, New Employer Health Tax, 19 New or Increasing...

Feb 5, 2019
Property Watch: Is the B.C. housing market on the ropes?
Steve Saretsky

As expected, the B.C. government forged ahead with its speculation and vacancy tax, which took effect on January 1. This politically controversial yet publicly supported levy will penalize foreigners who don’t pay income taxes and leave a home empty for more than six months of the year with a 2-percent tax on the property’s assessed value. After some blowback, the...

Feb 4, 2019
Go Figure: Hacking the numbers around digital security
Melissa Edwards

As 1,000 policymakers gather in Victoria for the 20th annual Privacy and Security Conference from February 6 to 8, we look at how British Columbians are—and aren’t—thinking about what’s happening to their data

Feb 1, 2019
Matrix: What's up at B.C. ski resorts
Felicity Stone

BIG WHITE SKI RESORT in Kelowna once had the oldest triple chairlift in Canada, built in 1979. Not anymore. Now its Powder Chair is a $3.9-million four-passenger fixed-grip Leitner-Poma, able to carry 2,400 passengers an hour. RED MOUNTAIN RESORT in Rossland has purchased a triple chairlift to bypass the bottleneck that occurs at Motherlode on busy days. Look for it to...

Jan 29, 2019
LMS' Titans of Steel

All 750 team members at LMS Reinforcing Steel Group make a significant contribution to our business; at the heart of LMS’ ability to serve clients are Stan Rutledge and Robert James. Both have been with LMS since 1998; the work they perform in their respective roles has touched every single one of LMS’ clients and projects. We can say with confidence...

Jan 29, 2019
Everything You Need at Park George

BCBusiness + Concord Pacific Park George Phase II marks the final opportunity for buyers to invest in and be part of Concord Pacific’s exciting Park Place master planned community — situated in the middle of one of the most significant technology and business hubs to ever emerge in Metro Vancouver. “Phase I is already 90 percent sold out and Phase II is coming...

Jan 28, 2019
Another Choice for Financing

BCBusiness + Freedom Capital It’s an increasingly apparent reality in the business world that the rules for obtaining loans from traditional financial institutions are tougher than ever, with one’s credit history and net income being two of several areas of intense scrutiny. While such criteria are important, Freedom Capital embraces an old-fashioned concept. “Certainly we examine the numbers, but we really look at...

Jan 23, 2019
Creative Solutions

BCBusiness + Chartered Professional Accountants When Chartered Professional Accountant Jennifer Duffy welcomes new business students to her class at Langara College, it’s not long before she tells them that her professional skills were invaluable during her four-year stint as a choreographer for the BC Lions Felions dance team. The disclosure baffles the students, many of whom are seeking the job security a CPA...

Jan 22, 2019
Understanding the Values Behind Commercial Property Assessments

BCBusiness + BC Assessment The increased value of commercial properties has sparked debate in the media about what is the true value of commercial properties in B.C. The truth is market demand for those properties is what really drives prices up or down, says Tina Ireland, BC Assessment Regional Assessor. BC Assessment’s mandate is to provide fair, equitable, independent and trusted property...

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