Latest news with #SkyLiving
The Province
22-05-2025
- Business
- The Province
Surrey developer offering to buy back, or rent out, presale condos at today's prices
Developer says option will help spread risk of units dropping in value after presales contracts signed Construction on Cambie Street in Vancouver. Photo by NICK PROCAYLO / PNG A developer of a Surrey highrise is introducing a buy back offer in hopes of attracting buyers in the tough condo presale market. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Allure Ventures, which says it has already sold enough units to begin construction on its SkyLiving tower, will offer a new set of buyers two options that don't involve an outright discount or an incentive such as a decorating allowance. Instead, it's giving them the option to sign a secondary agreement in which the developer agrees to repurchase the unit at the original contract price or to lease the unit back from the buyer as long as it can be rented for a rate equivalent to 20 per cent of the original purchase price in a 24-month period. It would mean, for example, that the buyer of a two-bedroom presale unit for $750,000 today could sell it back to Allure for that price after the unit and the sale are completed in a few years, even if the market value of the unit drops by then. Stay on top of the latest real estate news and home design trends. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. The rental option would allow the buyer to get $6,250 a month in cash flow from the unit for two years and Allure would manage tenants and maintenance. 'When we sat down and really canvassed our past buyers and the realtors who work in the market, and potential future buyers, they feel like the risk of presales is all one-sided right now. They're expected to take the leap and carry all the uncertainty,' said Mohamed Mansour, vice-president of sales at Allure Ventures. There have been reports of buyers having to refinance purchases or put up additional cash because the assessed value of their unit is now lower than what they promised to pay in their presale contract several years ago. The company's offer, which will begin on May 31, is an experiment designed to show buyers that Allure has confidence in the current price and future value of the units, said Mansour. This advertisement has not loaded yet, but your article continues below. It highlights how some developers are trying to entice buyers even as the overall picture has been blanketed with uncertainty. The market that has been dominated by investors now faces rising interest rates and dropping values because of economic uncertainty linked to the trade war. The chill has some developers halting presales and returning deposits because they have not been able to sell enough units to qualify for construction financing. Prominent real estate company Rennie Marketing, which specializes in presale condos, recently said it is laying off 25 per cent of its staff as the number of completed and completing presale units that remain unsold is increasing. As of April, there are 2,503 condo units that are complete and unsold, and another 2,337 units in projects nearing completion that are unsold for a total of 4,480 units in Metro Vancouver, according to research by Rennie Intelligence. This advertisement has not loaded yet, but your article continues below. Mansour described SkyLiving as a 32-storey project that will be within walking distance of the University of B.C. and Simon Fraser University campuses in Surrey. He declined to say how many units will be offered with this program. He said every project and developer has a different set of circumstances — including location, initial cost of land, timing, competition from other projects — that may make it challenging to try what Allure is offering to the next set of buyers at SkyLiving. 'We're not blindly doing this. We're doing it because we've done our research and we believe that our risk is mitigated and so we're willing to share that risk with the buyers.' He said that developers that have the same confidence in the product they are building or in the price or location of that project, in its ability to be rented and demand for it will be better positioned to try this approach. jlee-young@ Read More Vancouver Canucks Vancouver Canucks Real Estate Sports National
Vancouver Sun
22-05-2025
- Business
- Vancouver Sun
Surrey developer offering to buy back, or rent out, presale condos at today's prices
A developer of a Surrey highrise is introducing a buy back offer in hopes of attracting buyers in the tough condo presale market. Allure Ventures, which says it has already sold enough units to begin construction on its SkyLiving tower, will offer a new set of buyers two options that don't involve an outright discount or an incentive such as a decorating allowance. Instead, it's giving them the option to sign a secondary agreement in which the developer agrees to repurchase the unit at the original contract price or to lease the unit back from the buyer as long as it can be rented for a rate equivalent to 20 per cent of the original purchase price in a 24-month period. Stay on top of the latest real estate news and home design trends. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Westcoast Homes will soon be in your inbox. Please try again Interested in more newsletters? Browse here. It would mean, for example, that the buyer of a two-bedroom presale unit for $750,000 today could sell it back to Allure for that price after the unit and the sale are completed in a few years, even if the market value of the unit drops by then. The rental option would allow the buyer to get $6,250 a month in cash flow from the unit for two years and Allure would manage tenants and maintenance. 'When we sat down and really canvassed our past buyers and the realtors who work in the market, and potential future buyers, they feel like the risk of presales is all one-sided right now. They're expected to take the leap and carry all the uncertainty,' said Mohamed Mansour, vice-president of sales at Allure Ventures. There have been reports of buyers having to refinance purchases or put up additional cash because the assessed value of their unit is now lower than what they promised to pay in their presale contract several years ago. The company's offer, which will begin on May 31, is an experiment designed to show buyers that Allure has confidence in the current price and future value of the units, said Mansour. It highlights how some developers are trying to entice buyers even as the overall picture has been blanketed with uncertainty. The market that has been dominated by investors now faces rising interest rates and dropping values because of economic uncertainty linked to the trade war. The chill has some developers halting presales and returning deposits because they have not been able to sell enough units to qualify for construction financing. Prominent real estate company Rennie Marketing, which specializes in presale condos, recently said it is laying off 25 per cent of its staff as the number of completed and completing presale units that remain unsold is increasing. As of April, there are 2,503 condo units that are complete and unsold, and another 2,337 units in projects nearing completion that are unsold for a total of 4,480 units in Metro Vancouver, according to research by Rennie Intelligence. Mansour described SkyLiving as a 32-storey project that will be within walking distance of the University of B.C. and Simon Fraser University campuses in Surrey. He declined to say how many units will be offered with this program. He said every project and developer has a different set of circumstances — including location, initial cost of land, timing, competition from other projects — that may make it challenging to try what Allure is offering to the next set of buyers at SkyLiving. 'We're not blindly doing this. We're doing it because we've done our research and we believe that our risk is mitigated and so we're willing to share that risk with the buyers.' He said that developers that have the same confidence in the product they are building or in the price or location of that project, in its ability to be rented and demand for it will be better positioned to try this approach. jlee-young@
The Irish Sun
20-05-2025
- Entertainment
- The Irish Sun
‘It traumatised me' says Irish star on ‘toxic' experience on TV show that left her unable to wear shorts for 15 years
IRISH actress Diona Doherty has opened up on her "toxic" experience on a very popular TV show that left her unable to wear shorts for over a decade. The 36-year-old is well known for her hilarious role as the Ukrainian student Katya in Derry Girls but her showbiz career started long before her Channel 4 appearance. 4 Diona appeared on Ireland AM this morning 4 Diona spoke about her experience on a 'toxic' TV show 4 Diona competed in Britain & Irelands Next Top Model Series 8 Credit: Sky Living Diona was a contestant on series eight of Britain and Ireland's Next Top Model in 2012 before being sent packing by judge Elle Macpherson. The Derry beauty spoke about the less-than-ideal experience she had on the show while on Ireland AM this morning. She said: "I mean, it wasn't great, if I'm being honest Those shows are very toxic. All those makeover TV shows that we had years ago. "When you're on that as a young woman I think you think, 'Oh my goodness, this is my ticket to the fashion industry, it's going to be so exciting afterwards'. And it's very clear that they're making a TV show and it's there for entertainment purposes." read more on derry girls Host Alan Hughes remarked: "I think there's more duty of care now than there was then." Diona replied: "Absolutely, and I think that It's a sign of the times. I think that's just the way TV was back then." She spoke about how one of the judge's comments gave her a "lifelong complex". Diona explained: "When I was on that show, comments were made to me by the judges that I only looked good from the waist up and it traumatised me as a 21-year-old. read more on the irish sun "And I never wore shorts or a skirt or anything since." The Irish star bought her first pair of shorts and wore her bare legs out for the first time in 15 years last week. Muireann O'Connell replied: "On national television, they did that to you. Get the shorts out. "I can't wait until you invite Elle 'the Body' McPherson on your podcast And go for it, as to what happened to you with that." Diona also spoke about the hilarious irony that she's a Derry native yet couldn't use her accent for Derry Girls as she played a Ukranian. She said: "Isn't this what's the funny thing about acting? People say to me all the time, 'You don't sound from Derry in Derry Girls, that's so weird'. "But I auditioned for the Ukrainian part. That's what happened." "Funnily enough I remember being on a train from like Derry to Belfast. I think it was just after Derry Girls had come out and a man came over to me and went, 'Do you need directions?', and I was like, 'I'm from here!' "I was like, 'Well done on the accent'." Girls Aloud star Nadine Coyle recently spoke about Nicola Coughlan basing her accent on hers. Diona remarked: "Did you see the shade? Oh my god. I was like, 'Nadine that's not how we behave in Derry'. "She said she watched videos of me to try and do the Derry accent but I think she should have watched some more." However Diona did admit that she "loves" Nadine and used to pretend they knew each other as they went to the same school - just five years a part. 4 Diona starred as Katya on Derry Girls Credit: Channel 4
Daily Mirror
24-04-2025
- Entertainment
- Daily Mirror
TV chef Lorraine Pascale 'hasn't cooked for a long time' after stepping away from showbiz
Former TV chef Lorraine Pascale - who starred in her own BBC projects and other shows - has announced that she's now pursuing a different career as she no longer cooks as much Former TV chef Lorraine Pascale has announced that she's studying for a doctorate in a different industry. She shared the news with fans after revealing on social media recently that she hasn't "cooked for a very, very long time". Lorraine, now 52, appeared in her own BBC shows, such as Home Cooking Made Easy in 2011, more than a decade ago. She's also shared recipes in cookbooks over the years and was a judge on Sky Living 's My Kitchen Rules in 2014. More recently, she was a judge on Food Network 's Holiday Baking Championship, having been on it for six years until 2019. The former chef, however, revealed this week on TikTok that she doesn't "really cook at all" anymore. Lorraine said in the video, which was uploaded yesterday, that it was "freeing" to speak about her relationship with cooking. She said: "I don't know if you remember me or not, but I used to be on TV cooking. A chef. Do you remember that? I used to do cakes and bakes and all sorts of whatnot. And now, do you know what, I don't really cook. I don't really cook at all anymore." Lorraine, who teased that she was preparing rice cakes, cheese and grapes for lunch, said: "It's like so freeing to say, do you know what, I'm not cooking anymore. I'm not." She went on to share: "I'm studying. I'm doing other things." She concluded the message to her followers on the platform by saying: "I don't know I just thought I'd just say that on here. I haven't cooked for a very, very long time and you know what? That's okay." Lorraine has since shared an update in which she suggested that her new relationship with cooking was "evolution". She also revealed in the second video that she's now studing for a doctorate in psychology and psychotherapy, with her sharing that she's already in her third year. Addressing reaction to her previous video, she said: "You guys have been giving me the nicest, kindest, loveliest comments. I mentioned that I don't really cook anymore and that I'm doing different things now. And the support has been amazing. "I just want you to know that even though I don't cook anymore, I really loved doing it. When I was doing it, I loved it. It was something that gave me ... it was like a creative outlet. It was lovely hearing from other people about how much they enjoyed the recipes and it really meant a lot to me." She continued by saying that "things change". Lorraine shared with viewers that she still "loves" fans having her cookbooks and using her recipes. Lorraine said: "I guess it's just like evolution. Like relationships. We're not with the same person ... some of us are not with the same person that we were when we were younger. Things change, right? Things change. We change. And I think that's what happened with me. So I love the fact that you've got my books and you've got my recipes." Discussing her life as a student, she said: "I'm actually studying a doctorate at the moment. A doctorate in psychology and psychotherapy. I'm in my third year. So that's what I'm doing a lot with my time at the moment." Lorraine - who is the mother of actor Ella Balinska - then shared that she has "remarried" and is a step-parent. She concluded: "Remarried. I'm a step-mum. I've got my daughter Ella and then I've got two stepchildren as well, so that's what I've been busy at the moment with. That's what I've been busy doing."
