(604) 830-2438

 

CELEBRATING A MILESTONE

21 years ago, we acquired our first multi-family residential apartment complex in Fort St. John.

A year later, we acquired the apartment across the street and had 129 units under management.

We built our portfolio with steadfast purpose across Canada and by 2018, we jointly owned 719 units representing $117-million of assets under management.

I pinch myself at times remembering my humble beginnings: $40,000 in debt and living in my parents’ basement suite.

But I had a dream, an impossible dream at the time, that turned into an 80-year mission/vision to empower and inspire the world to live in hope and victory.

My focus was using real estate as the vehicle towards prosperity.

The impossible dream is now a reality.

Having achieved my 20-year milestone, our team is launching into the next 10-year phase of expansion and growth.

Thank you Andrew Barber-Starkey, my ProCoach, for being my constant support

 

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BILL 44

Bill 44 seeks to eliminate the development of single family homes in favor of multi-units to address the chronic shortage of homes.

A developer can build 3 to 4 units on a single family zoned or duplex zoned lot, and up to 6-units if the lot is near a transit stop.

Municipalities are required to update their Official Community Plan (OCP) to phase out the one-off public hearing process and replace it with an upfront rezoning process.

July Ono.

 

BILL 46

Bill 46 allows the provincial government to mandate density requirements to new developments.

Notably, the government can supersede the restrictions that municipalities impose on developers for height and density requirements for affordable housing projects. 

Municipalities will be required to shift to an up-front planning process, pre-zone land for housing, and reduce current rezoning processes.

The legislation provides high-growth communities with a development-finance tool called an amenity cost charge (ACC) that will replace the community amenity contribution (CAC) fund by providing more transparency in understanding housing project costs. 

LOUGHEED LANDMARK PROJECT

For accredited investors only.

To see if you qualify, please check Section 1.1 of the National Instrument 45-106 to see which definition applies to you.

The Lougheed Landmark building in Coquitlam marks the first project in our latest investment offering through the OCMI Mutual Fund Trust.

This is a 100% residential rental project with 20% below-market housing located within 800-metres of the Lougheed Town Centre Skytrain station.

Over half of the units are 2 and 3 bedroom family-oriented suites. 

We have designed space for a daycare facility that will hold up to 20 children including a child play area.

To familiarize yourself with the project, there is a 40-minute Lougheed Landmark presentation at https://julyono.com/; scroll down to Latest Blog.

BILL 47

Bill 47 applies to developments within the Transit Oriented Development (TOD) areas by removing height and density restrictions.

A TOD is any development within 800-metres of a rapid transit station or 400-metres of a bus exchange.

Bill 47 seeks to remove the minimum parking requirements established by municipalities.

For example: under the current regime, a developer must include 1.2 parking stalls per unit and this ultimately determines how tall a building is because the cost of digging out an underground parkade is very expensive.

Municipalities have until June 30, 2024 to update their Official Community Plans (OCP).

What does more density create?

With more people per capita, more infrastructure is required to support the demand for more schools, hospitals, police force, childcare, elder care, and civic amenities.

It will be interesting to see if these legislative solutions solve the housing shortage and what, if any, unforeseen consequences arise in the short term. 

TOP 10 PUBLIC TRANSIT CITIES

The North American culture is heavily dependent on personal vehicles for transportation.

Yet, there are cities where the majority of its citizens take public transit.

Starting in 10th place to 1st place, the top 10 public transit systems in the world are:

Hong Kong, Tokyo, Singapore, New York, Seoul, Paris, Madrid, London (mind the gap), Shanghai, and Berlin.

WHY INVEST IN REAL ESTATE?

Build Equity and Wealth

As you pay down a property mortgage, you build equity—an asset that’s
part of your net worth. And as you build equity, you have the leverage to
buy more properties and increase cash flow and wealth even more.

About July Ono.

JulyOno.com is a marketing platform for a real estate investment company. We have been actively involved in the Lower Mainland area real estate investing for a number of years.  Our mission is to provide local housing and commercial workspace to quality tenants while at the same time providing an above average return on investment (R.O.I.) for our investor partners and for ourselves. It is truly a win-win-win way of investing!

July offers her investor partners hands-free investment opportunities. If you are interested to learn how to earn an above-average return on your investment, backed by a solid asset, and without the hassle of being a landlord, please contact July Ono.

For more information about July and her investment program, please call (604) 830-2438 and email her at july@julyono.com or visit https://julyono.com/