Minimize Your Risk in Real Estate by Understanding the Depreciation Report The Importance of Depreciation Reports for Strata Properties A depreciation report also known as a reserve fund study in some regions, is a planning tool that identifies the common property, common assets and those parts of a strata lot the strata corporation by … Read more
Do You Know the Risks and Benefits of New Home Presales and Preconstruction? As anyone who lives or works in the Lower Mainland can attest, one thing that never seems to slow down is the preconstruction of new homes. From townhouses to condos and even single-family homes, there are several presales happening at any given … Read more
Unrepresented Parties in Real Estate – Beware Consumers who choose to conduct a real estate transaction without a real estate professional are soon to be known as “unrepresented parties”. Following the Independent Advisory Group Review for the Office of the Superintendent of Real Estate (OSRE), consumer protection has been reaffirmed as the priority in real … Read more
Principal Residence Exemption – 2016 Reporting Requirements For the 70% of Canadians who own a home, it is a place to live, raise a family, and connects them to their community. Due to Canada’s tax system’s Principal Residence Exemption, when we sell our homes, any increased value or “capital gains” are not taxed. This tax break … Read more
The Purrfect World of Port Moody: Cat Owner Responsibilities I believe true feline lovers everywhere would agree that all pet cats need to either be kept inside or completely controlled. The Port Moody townhome strata corporation where I have lived for over four years has very clear bylaws for the control of pets and the … Read more
Responsible pet owners know that owning a cat or dog is not just about the love they give you, but the care you take of them. Part of this caring and responsibility involves knowing your local pet bylaws so you can do your due diligence in licensing and looking after your animal. Not all bylaws … Read more
Being a Responsible Pet Owner means Protecting Pets and People Responsibly As a Coquitlam council watcher in the early nineties, I see one topic still appearing on the municipal agendas today: irresponsible pet owners. Owning a dog is a joy – and it is also a big responsibility. Your best friend for life is there for … Read more