Blog by Irene Wong & Mike Mulligan

Next >

Home owners can choose assessed value

November 10th, 2008
In January 2009, when home owners receive their Property Assessment Notice, they will be able to select one of two values as the basis for their 2009 property assessment. The two options are: • the value as of July 1, 2007; or • the value as of July 1, 2008 Premier Gordon Campbell had originally announced on November 1, 2008 that he would freeze property assessment values for all properties at ...

Read More

Posted in General

Canadian mortgage market considerably different from USA

October 15th, 2008
Recent media reports have expressed some concerns about potential risks for the Canadian housing and mortgage markets. One of the concerns being expressed is that Canadian consumers have been “over-extending” themselves through mortgage borrowing. And, it has recently been suggested that the Canadian housing and mortgage markets might fall into a downward spiral like the one currently underwa ...

Read More

Posted in General

Natural Gas rates: Terasen Gas or Independent Marketers

June 18th, 2008
BC homeowners now have a choice regarding how much they pay for natural gas.  In 2007 the BC Utilities Commission extended the ability of BC residents to choose gas suppliers.  In a nutshell, Terasen owns the infrastructure or delivery pipelines & is now in competition with independent suppliers of the gas.  Independent gas marketers are selling door to door hoping to entice you to sign a na ...

Read More

Posted in General

Fintrac: What you need to know

April 16th, 2008
Changes to the federal Proceeds of Crime (Money Laundering) and Terrorist Financing Act are coming soon.  As of June 23, 2008, the federal government requires all brokers and sales representatives to document proof of a client’s identity at the time the transaction completes (photo identification like drivers licence or passport, written agreement from buyer authorizing a 3rd party to act as ...

Read More

Posted in General

Financing the Property Transfer Tax (PTT). Is it possible? It depends

July 11th, 2007
Is there federal government legislation or policy that prohibits financing the PTT?  No. There is no federal government legislation or policy that prohibits the financing of the PTT, including the Bank Act, which does not restrict financing the PTT. However, the Bank Act, section 418 (1) governs the loan-to-value ratio for mortgage insurance. It requires borrowers of any mortgage with a loan- ...

Read More

Posted in General

How to pay property taxes

June 18th, 2007
Property taxes are due the first week of July. The exact date may vary depending on the municipality. Check the due date on the tax notice. Make sure to complete the Home Owner Grant application on the reverse side of the tax statement.  Municipalities may permit home owners to electronically file their Home Owner Grant application. Check your local municipal web site or the insert that came ...

Read More

Posted in General

The Secret - The Law of Attraction

February 15th, 2007
An unprecedented world-wide syncronized film release occured March 23, 2006 that has the potential to raise man's consciousness about the power of our thoughts like never before in history.  The Secret made world history as the first feature film to be released to all points of the globe at once.  In the 1970 rock opera "Jesus Christ Superstar" one of the lines from the song "Superstar" was " ...

Read More

Posted in General

Next >

Privacy Policy Sitemap Real Estate websites for Agents