44 These — This is — 41 East 40th, is that in
45 Vancouver West?
46 A That is east of Main Street on — on 40th Avenue,
47 in the Oakridge area. So it’s an East Side
626 Raymond Hunter (a Third Party)Cross-exam by Mr. Davison
1 address, just into the East Side technically. As
2 I said, it is west of Main Street.
3 Q Okay. The next property is 5412 Cambie Street.
4 Is that in Vancouver West?
5 A Yes, it is.
6 Q Okay. And that’s a B.C. assessed value of
7 914,000, but you say the actual market value is
8 now 1.4 million?
9 A Right.
10 Q And then the apartment on the next page is 1584
11 West 12th, and again that’s in the Vancouver West
13 A That’s correct.
14 Q Okay. And that’s an assessed value of
15 $2.2 million, and you say its market value is
16 $2.4 million and could go to 2.5 million?
17 A That’s correct.
18 Q You clearly use assessment value as something of
19 importance when you’re dealing with the bank,
21 A Well, that is — that is information that, you
22 know, the bank might be interested in. If — You
23 know, from my own experience on my own properties,
24 I’ve noted that the bank very often ask for the
25 assessed value.
26 Q In this document, Mr. Hunter, is your recollection
27 that there’s mention of the SkyTrain coming in
29 A In this document I think it — it is mentioned in
30 the last — last paragraph on page 1-5.
31 Q Page 15?
32 A Yes.
33 Q And it says:
35 Further, the City of Vancouver has targeted
36 this area being immediately adjacent to what
37 will now be the new Cambie and 41st Avenue
40 A Correct.
41 Q So how did you find that information out?
42 A Well, I presume that at that time it was — would
43 be common knowledge.
44 Q And it says:
46 This is scheduled to occur within the next
47 18 months, which will more likely increase
627 Raymond Hunter (a Third Party)Cross-exam by Mr. Davison