Oakwyn will always celebrate the power and individuality of people. We will continue to push towards a world that is inclusive for everyone regardless of their race, sexuality, or gender identity. We work hard every day to make strides towards a society where we all feel safe to be ourselves.
As Vancouver Pride is approaching, we have put together our recommendations for the weekend, along with LGBTQ+ businesses and organizations the Oakwyn community continues to support.
Let the countdown to festivities begin!
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Here are all the amazing events taking place for Vancouver Pride 2021 (please note most of the in-person events require tickets/registration):
VanPrideFest: Beyond the Binary Picnic
A gathering for Trans*, Enby, Genderqueer, Genderfluid, Agender, and folks outside of the gender binary, their friends and allies.
Stoli Pride Lounge
Book a two-hour time slot with up to five friends and enjoy some lounge-style entertainment including drag artists. Running Friday 30th to Sunday 1st.
VanPrideFest: TOGETHER AGAIN
TOGETHER AGAIN co-presented by Level Up is a QTBIPOC-CENTRED hip hop dance party with DJs, gogo dancers, and drag performances. The event is for those who identify as Black, and/or Indigenous, and/or people of colour (BIPOC).
VanPrideFest: Ace & Aro Prom in the Park
Afternoon prom-theme picnic in Mount Pleasant. Every year, the local Ace and Aro community hosts a prom, in order to provide an alternative for those who don’t feel comfortable at their own proms.
Vizzy Pride Lounge
More lounge-style entertainment including drinks and drag artists! Running Friday 30th to Sunday 1st.
Pride Art Walk
Enjoy a self-guided tour of five public art pieces and murals celebrating queer folks in Vancouver Downtown. Running July 19th to August 3rd
Decentralized Pride Parade
Rally your bubble to snap a Pride-parade-worthy pic or video and upload it to Facebook, Instagram, or Twitter using #VanPride for your chance to be featured live in the parade broadcast.
VanPrideFest: Commercial Drag
Co-presented by Sleepy Queers Production. This event takes place in the park and promises an “outrageous Commercial Drag experience”.
VanPrideFest: Pride Picnic
An afternoon picnic offering Pride without the crowds! Featuring live music, drag, and sunshine.
If you’re more comfortable celebrating Vancouver Pride 2021 online, be sure to catch the Pride Livestream, featuring the following events (& more).
Human Rights Panel
VanPride Classroom Series
Posh Ball 2021 – Online Kiki Ball
Pride Summer Series
Queer History Panel
Pride means action! We believe in showing our support, not simply saying it. After the success of the initiative last year, for Vancouver Pride 2021 Oakwyn has again created a line of exclusive Pride-themed Nalgene bottles. Proceeds from these bottles will go to supporting two local charities, Rainbow Refugee part of QMUNITY and Dr. Peter AIDS Foundation.
We will also be purchasing a Pride-themed cocktail kit from our friends at Dr. Peter AIDS Foundation, Oakwyn’s featured charity for the month of August. The kit will be part of the Grand Prize of our Golf Tournament on July 22nd. Keep your eyes peeled for our next Charity Feature article for more information on this amazing foundation.
From bars to brunch spots, Vancouver’s LGBTQ+ neighbourhood is a celebrated part of Vancouver Pride and queer culture and community in general. While we can’t shout out everyone, here is a list of some of our favourite spots. Make sure to support local queer businesses during Vancouver Pride 2021!
Enjoy these queer-friendly/queer-owned spots this Vancouver Pride 2021 for drinks, food, and general celebrations.
The Fountainhead Pub
Support LGBTQ+ and inclusive apparel with the following businesses:
Venus & Mars Clothing
Peau De Loup
From book shops to barber shops, find more celebrated queer operated/queer friendly businesses below:
Little Sisters Book Store
Awl Together Leather
Big Bro’s Barber Shop
Of course, you can find more amazing queer-owned and operated businesses online!
Hex Metals & Minerals
Samonte Cruz Studios
Brandy Mars Designs
Kaitlin Day Photography
Leah Day Arts
Spectrum Studio Art
Pacific Basket Company
Reward Your Skin
Oakwynites Casey Archibald from Xeva Mortgage and Catherine Worthy were featured on the BHB Podcast to celebrate Pride month. The pair joined guest host Scott MacArthur of Sportsnet 590, Kyra Wong, and Chris Baker to discuss all things Pride month and celebrating Pride across the mortgage industry.
You can catch up on the podcast below!
Be safe & responsible and enjoy the Pride celebrations!
For more information on any of the organizations or Oakwyn’s involvement, please reach out to us!
by Oakwyn Realty
Lynn Hughes, Principal at SSDG Interiors Inc., joins hosts Morgan Browne & Arlene Chiang as they reminisce about designing the Oakwyn offices! They also discuss the trials and tribulations of opening a new office, how to find the right team and what it’s like getting into a leadership role.
Shout out to all the hardworking parents out there! Our cohosts, Morgan Browne & Arlene Chiang, discuss what they’ve learned from being mothers while maintaining their businesses and client relationships.
At Oakwyn we’re always wanting to present the facts in an engaging way. Every month, one of our agents will unpick current market statistics from the Real Estate Board of Greater Vancouver to help you understand what’s going on in the real estate market and what you should be looking out for.
For June 2021 statistics, we have Oakwyn agent Jeff Appelbe here for his statistics report.
The past two months have shown a market that’s shifting towards more historically typical conditions. June 2021 statistics show sales have eased back from the record-setting pace of March and April, and are down another 12% from May. However, sales were still 18% above the 10-year average for the month of June. In any other year, sales 18% above the 10-year average would be the headline, but it’s not right now, because we’ve come out of such a crazy phase.
If we look at a few other things, inventory is down 17% across the board, while sales are only down 12%. Sales being down in June is historically normal as well. Typically June is never quite as busy as March, April, May.
If we look at the sales to active ratios in a couple of areas, there’s a few things that stand out. June 2021 statistics show the sales to active ratio in East Vancouver is at 53%. 53 homes out of 100 are selling in a month, which is a really strong sales to active ratio. Things are moving, there’s high demand.
If we look at Vancouver West, it’s 26%, it’s about half as strong. That includes Downtown. If we look further at Yaletown, the West End, and Gastown, those are 22%, 19%, and 23%. Those are straddling the balanced market and the seller’s market. So only 20 homes out of 100 are selling in a month. Jeff remains bullish on Downtown in the long-term. “I think it’s a great opportunity to buy still, because we’re not fully opened and that will change,” he concluded.
On the detached side, we have seen a bit more normalization. One area that stands out is North Vancouver. We still have really strong detached demand in North Van and a 45% sales to active ratio. We are having more upward pressure on pricing there.
Mount Pleasant condos are at a 56% sales to active ratio. Kits is at a 71% sales to active ratio. These markets are still moving really quickly. These are central, highly desirable areas, outside of the Downtown core, and that’s the trend we’re seeing there.
Work with your Oakwyn agent, work with your trusted real estate advisor, and come up with a plan that makes sense for you in 2021 if you’re thinking about making a move.
To keep up with the latest market statistics and join the conversation, be sure to follow us on Instagram and Twitter, and visit our website.
Our hosts, Morgan Browne & Arlene Chiang, are joined by Michael White, the Associate VP of Campus and Community Planning at UBC! They discuss real estate and developments at UBC and what city planning’s role is in the jurisdiction.
Arlene Chiang, Oakwyn Co-Founder & C.O.O, joins us in this week’s episode to discuss what it’s like to work with her sibling, host Michael Uy.
The angelic Jacqueline Adler joins us on our 70th episode! Jackie shares how she was encouraged to take a leap into real estate, getting clients by being authentic and genuine and how she feels empowered when contributing to our community.
In this episode, host Michael and producer Brayden (the Podfather) discuss how someone can get into podcasting! They discuss what you need to get started and how this format works as a great window to showcase your personality.
At Oakwyn, we want to make sure we are continuing to provide value and insight within the Real Estate Industry. This includes sharing our knowledge and experience with our community.
For this month Oakwyn Managing Broker, Michelle Adams is here to shed light on new and revised regulatory amendments from the Financial Transactions & Reports Analysis Centre of Canada (FINTRAC).
Read on for Michelle’s advice and get in the know, with Oakwyn.
Previously, REALTORS® would enter into a business relationship after 2 transactions, however now, a business relationship is created the first time an agent verifies a client’s ID. This means agents need to fill out a new Individual FINTRAC form for every transaction, plus you must fill out Part D (most agents have been filling out Part D anyways). Please also DO NOT use abbreviations for anything- use full names, full occupation titles, and full identification types (eg. write “Driver’s License” instead of “DL”).
When working with a Corporation/Entity, you now must obtain beneficial ownership information when confirming the existence of an entity and take steps to verify its accuracy. Beneficial owners are individuals who directly or indirectly own or control 25% or more of a corporation or trust.
Ensure you are providing corporate registry documents, completing the corporate FINTRAC, completing the Beneficial Records, providing Source Information, and confirming the signing Authority.
To search for Beneficial Ownership, you can go to the “Land Owner Transparency Registry” on MyLtsa. If your search comes back without any results, take a screenshot of the “no results found” page and save it to your Skyslope file, so that the office has a record that you took measures to search it. You will need the names and addresses of all directors and beneficial owners. In order to verify the accuracy of this information, you will need to request and submit documents to the office such as the Certificate of Incorporation, Notice of Articles, and any document found in number 4 of the “Beneficial Ownership Record” Form.
Agents must determine and declare if they are working with a PEP or an HIO. A Domestic PEP can be anyone who has held a political position in the last 5 years: such as a Mayor, Judge, or MP etc. A Foreign PEP could have been a Head of State or Government Member. An example of a HIO would be the head of the UN or the World Health Organization. There is a new form to fill out and should you find yourself in this situation, please reach out to a Managing Broker.
REALTORS® must report virtual currency transactions of $10,000 or more to FINTRAC when the funds are received in one or more transactions within a 24 hour period. Oakwyn does not accept transactions done with virtual currency at this time, however, new rules are in place to deal with it.
Previously, REALTORS® were required to keep records of only certain reports sent to FINTRAC but now REALTORS® are required to keep every report sent to FINTRAC.
We are in this together to improve the real estate industry! Let’s stay on top of what we need to do to continue to lead the way in providing professional, ethical, and excellent service to those we serve.
For more information check out our website, or contact us!
These blogs aim to leverage our Managing Brokers’ industry experience into content to better serve our community. Together, we will continue to stand up for the ways in which we can transform the industry, from the inside out.
In this week’s episode, get to know power couple Ashley Smith & Taylor Biggar! Ashley & Taylor discuss their leadership roles at the Real Estate Board of Greater Vancouver (REBGV) and the Real Estate Council of BC (RECBC) and the future of this industry.
For May 2021 statistics, we have Oakwyn agent Adam Chahl here for his statistics report.
As May 2021 statistics show, we saw 4,268 sales during the month of May. This is actually 13% less than we saw in April, the month prior. We’re no longer setting records!
For the past few months, we’ve been seeing recording-setting figures. See March and April reports for reference. We’re no longer in that territory anymore, so that’s really interesting when we look at the market.
May 2021 statistics show that in Vancouver, if we look at the average house price for all property types, last month it was 1,172,000. That’s still 14% up, year on year, and 1.5% up from the previous month of April.
However, the number of active listings is also up at almost at 11,000. Last month we had 10,970 on the market which is 7% increase from April. This is translating into buyers having a little bit more choice than they had in the previous few months. We’re not saying that the market is returning to a balance or a buyer’s market but it’s teetering back from that peak of a seller’s market that we’ve been seeing for the past few months.
What we’re seeing in the market that’s not really reflected in the statistics yet is fewer multiple offers and fewer subject-free offers. It could be a sign that if buyers have a little more choice, there’s a little less pressure, which means a little less stress on the market. Adam expects we may see things return from the peak that we’ve had for the last few months.
From our recent WOO Scholarship to Oakwyn’s annual kindness challenge, Oakwynites are passionate about giving back to the community and using our platform to lift up others.
Starting June, Oakwyn will be launching a new charity series that aims to give back to causes close to Oakwynites’ hearts. Inspired by the sheer generosity we’re seeing throughout the Oakwyn community, we hope to instigate positive change with Oakwyn’s Charity Feature.
Our first featured charity is I’m a HIPpy! Read on for more information and the ways to donate to this worthwhile cause.
The initiative aims to spotlight charities that have significance to members of the Oakwyn community. Every two months an Oakwynite will get to select the charity they wish to be Oakwyn’s Charity Feature and we will use our platform to generate awareness and funds for the chosen charity. Oakwyn has always been passionate about giving back and supporting community, and this initiative is a great way for Oakwyn to not only support those in need financially but elevate that support by providing a platform to causes that may not have access to a large network.
As realtors, we are privileged to work in a prosperous industry. It is our responsibility to make sure we are prioritizing giving back and the ways we can use our business acumen, marketing expertise, and community to help spread awareness for important causes.
For our first featured charity, Oakwynite Wenda Tseng has chosen I’m a HIPpy. I’m a HIPpy is an organization that works to improve hip health, mobility, and quality of life in children with hip dysplasia and other hip disorders. Hip dysplasia is the most common childhood hip disorder affecting 1-3% of all infants. If it is detected and properly diagnosed within the first three months of a baby’s life, the likelihood of complications and surgeries later on in life significantly diminishes. By supporting research, innovation, and education initiatives, I’m A HIPpy aims to raise awareness, and improve the care and outcomes for children with Hip Dysplasia and other hip disorders.
Wenda chose this charity as it is a cause very close to her heart. Wenda was born with hip dysplasia, however, due to the lack of proper screening and investigation, was sadly not diagnosed until she was 24 years old. The condition has affected Wenda’s ability to enjoy even the smallest of activities and has had a huge impact on her quality of life overall. It is her mission to raise awareness for this charity to ensure no other children have to suffer in silence. Since becoming a parent, she is even more passionate about raising the standards of education around caring for, and identifying, hip dysplasia in young children.
“I am sharing my story so that everyone can understand that hip dysplasia is real, and if undetected, it has a significant impact on a child and even an adult’s life.”
You can find more information about the organisation and the ways to donate, here*.
*Donations on this page can be made until July 30th and all funds will go directly to the foundation. Tax receipts will be issued by the BC Children’s Hospital.
We are so excited for this worthwhile initiative and cannot wait to see the positive impact Oakwynites can have on local charities close to our hearts.
For more information on this months’ featured charity, visit their website. You can keep up with our charity feature on our Facebook, and Instagram.