An overview of the 22 February 2011 Christchurch earthquake is presented in the context of characterization of extreme/rare events. Focus is given to the earthquake source, observed near-source strong ground motions, and effects of site response, while structural response and consequences are mentioned for completeness. For each of the above topics comparisons and discussions are made with predictive models for each of phenomena considered. In light of the observations and predictive model comparisons, the author’s opinion on improving the characterization of such extreme/rare events, and their appropriate consideration in seismic design is presented