Overall, there is a very good book of business planned for Intracorp. We are active in Burnaby, Vancouver, North Vancouver, Richmond, as well as Toronto and we anticipate launching more than 1500 residential units in pre-construction sales before the end of 2012.

Included is a 548-home community at Cambie and Marine in Vancouver. It is a prime example of our strong belief in transit-oriented communities. And while the majority of the development will be market condominiums, there will also be more than 100 market rental suites.

We have another project in the North Shore to bring to market; an anticipated launch of our third new tower in Metrotown in the fall; and we are working with the City of Richmond to bring to fruition a new project in the Richmond Oval Village neighbourhood.

Much of this growth and progress are as a result of streamlining our internal processes so that we are now in a position to focus on truly great execution. In real ways, this gives meaning to our company’s philosophy of “Building the Extraordinary”. Rather than just a company slogan, it is a promise to our customers and partners – and a rallying cry for our team.

‘Extraordinary’ is our benchmark. That attitude and commitment is ingrained in all that we do. We look forward to demonstrating this in 2012 and beyond.

Best regards,

Don Forsgren, President

From somewhat unexpected beginnings as a harbour master, Ben West has gone on to create some of the most interesting new technology companies in Canada. And now, he and his partners are poised to go ‘intergalactic’.

First, with some friends, Ben created stockhouse.com – at the time, a revolutionary portal site to track stock performance and perhaps the first to incorporate a discussion forum. After the dot com bubble burst in 2001, he took some time to decide what he really wanted to do.

It turned out that he wanted to create a “techies first” company where staff were allowed and encouraged to explore the boundaries and develop new solutions. It would be a place where they were

recognized and rewarded – that didn’t see the techies stuck in a dark room and out of sight. So, in 2004 Big Green Technical Solutions was born.

This led to his first 3D rendering opportunity – and being the sort of fellow who doesn’t like to fail, he engaged three different renderers to do the same illustration for his first client. He then chose the best of the three to present to his client, knowing it would cost him more than he could sell it to his client for, but that wasn’t the goal. The goal was to deliver the best.

Soon, real estate developers sought them out and Big Green became the largest provider of 3D renderings in western Canada. This led to interactive touch-screen experiences like you’ll see

in the presentation centre at Silver, and all sorts of rich, immersive experiences for new home buyers in the Lower Mainland and beyond.

In 2008, two important things converged: Ben had one of the first iPhones in town and his longtime friend Jeff Sinclair was consulting with VANOC for the upcoming 2010 winter games. Ben suggested they create an app for the games, so Jeff became a partner in Big Green and the two of them formed a new company called XOMO – specifically to develop eventrelated apps for smart phones.

Their first event app was for the 2009 Vancouver Jazz Festival – which helped serve as a case study for VANOC’s app developed for the winter games. And then, it snowballed.

Architects in 1905, ERA Architects will oversee the restoration of the four-storey portion of the bank, which will become the front entrance and street-level presence of the 60-storey tower behind the historic landmark.

A portion of the site connects to Victoria Street, which will be donated to Massey Hall, enhancing the neighbourhood even further.

“The proposed gift of this key portion of land at the south of Massey Hall is an incredibly exciting development for the Hall and for the city of Toronto,” said Charles Cutts, President and CEO of the Corporation of Massey Hall and Roy Thomson Hall. “It presents us with multiple options to revitalize Massey Hall and we’ll be studying them closely in the coming months.”

that they’ve used before successfully, and some of the players are familiar to the Vancouver market as well.

The interior design for The Massey Tower is inspired by the ongoing legacy of Massey Hall. This centuryold eclecticism will be expressed in a melody of forms, volumes, materials and colours, harmonizing diverse styles from past and present.

The Massey Tower brings together an award-winning team that includes interior-design consulting firm Cecconi Simone Inc., previous collaborators on such projects as Uno and Centrepoint with Intracorp in Vancouver and Five Condominiums with MOD in Toronto.

The interiors will be a perfect counterpoint to the juxtaposition of historic and modern architecture that will be seen from the street.

With the rich history of the iconic Massey Hall to draw inspiration from, it’s no small wonder that the team settled on the positioning line, “Live on Yonge” – and however one pronounces “live” you get a sense of connection to the richness of life here.

Built in 1894, Massey Hall has been a premier performing arts venue in Toronto for more than a century. Many famous figures have appeared on the broad stage of this stately hall, including William Booth, Maria Callas, Enrico Caruso, Winston Churchill, George Gershwin, Glenn Gould, the Dalai Lama, Gordon Lightfoot, Luciano Pavarotti, Neil Young, Oscar Peterson, Arturo Toscanini and Rush.

It was the site of the legendary Charlie Parker-Dizzy Gillespie concert, recorded as Jazz at Massey Hall, in May 1953. Accompanying Gillespie and Parker in this acoustically sound hall were Bud Powell, Max Roach and Charles Mingus. And the music still echoes and moves us. The Massey Tower. Live on Yonge.

If you’d like to know more about this exciting new iconic Toronto project, sign up here for updates and announcements.

You may have heard of – or even used – the interactive website called Walk Score®. Walkscore.com is a great site that allows you to see what’s in your potentially new neighbourhood.

Essentially, Walk Score® maps out everything that’s in your neighbourhood and gives you a score out of 100, rating how walkable your community is.

For example, The Versatile Building is located at 3rd and Lonsdale in North Vancouver, and it receives a score of 98! That’s what they call a Walker’s Paradise. Then, the site goes on to list the things that are close, ranked in order of proximity. Categories such as Restaurants – which for The Versatile Building really is paradise. There are more than 15 restaurants within less than half a kilometer, in addition

and entertainment that are literally at its doorstep. There’s Massey Hall (of course), Eaton Centre and all of the great places along Queen Street including the legendary Horseshoe Tavern.

Our new project in Metrotown – Silver – scores a 97. Of course, it doesn’t hurt that Silver is just 200 metres from the 300 shops of Metropolis at Metrotown. And, with the SkyTrain station 120 metres away, it’s pretty easy to see how this great location gets such high marks.

So, wherever you’re looking to move to, the old adage “Location. Location. Location.” is more true than ever. And, now it’s measurable thanks to Walk Score®. Check out your potential new community for all it has to offer at www.walkscore.com

As Tony Kaleel explains it, one has to look at the real estate market – and all places where money goes – in a global context. Money doesn’t disappear. It moves. It gets shifted from all over the world to places that are perceived to be safe. Metro Vancouver real estate is on a very short list of places thought to be safe havens in this uncertain world.

For example, in the past five years, apartment resale values are up 15.5%* in Burnaby South.

In absolute terms, the benchmark price for a condominium apartment in Burnaby South was $373,300* in January 2012. That’s where our new development Silver is located – where you can find more than 100 homes priced below the current benchmark price.

There’s more good news. When you look at the five year trend, you can see that while prices have risen, they are really quite metered in their growth. You’ll also see that prices have fully recovered from the 2008 downturn.

The five-year trends are similar for apartments in other communities:

North Vancouver: Up 9%*
Richmond: Up 14.6%*
Vancouver West: Up 16.8%*

In fact, in all of the communities where we have new residential developments on the go, the trends are performing above the Greater Vancouver averages. Meanwhile, in Toronto 2011 was a record year for the new condominium market in the CMA (census metropolitan area) – a total 28,190 homes sold,

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