Archive for August, 2012

1st Shaughnessy – city of Vancouver will not allow demolishing pre 1940 buildings – Letter from an owner that wants to sell

Thursday, August 16th, 2012

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Home Sales Decline in Vancouver, but Surge in Rest of BC

Tuesday, August 14th, 2012

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The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through the Multiple Listing Service® (MLS®) in BC declined 12.9 per cent to $3.1 billion in July compared to the same month last year. A total of 6,482 MLS® residential unit sales were recorded over the same period, down 0.8 per cent from July 2011. The average MLS® residential price was $474,954, 12.2 per cent lower than a year ago.

 “While some potential homebuyers in Vancouver are taking a breather over the summer months, stronger consumer demand continues across the rest of the province,” said Cameron Muir, BCREA Chief Economist. MLS® residential unit sales outside of Vancouver were up 11 per cent in July over a year ago. In contrast, home sales through the Real Estate Board of Greater Vancouver were down 18 per cent over the same period. 

Year-to-date, BC residential sales dollar volume declined 16.5 per cent to $23.5 billion, compared to the same period last year. Residential unit sales dipped 7.9 per cent to 44,794 units, while the average MLS® residential price was 9.4 per cent lower at $525,183.

IRS Rules On Mexican Fideicomiso

Monday, August 13th, 2012

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Should you file 3520 and 3520A to pay taxes on your fideicomiso with the IRS or not? That has been the question For the last eight years or so that the IRS has been asked to make a ruling on it.They still have not done that but this week they did make what’s called a private letter ruling on it. The private letter ruling stated that the taxpayer who applied for the ruling was not required to file the Forms 3520. However, this ruling only applies to the taxpayer who asked for the ruling. The IRS is not bound to apply this ruling to anyone else. For any taxpayer to be completely certain they do not have to file these forms, the IRS would need to make a written public announcement that such filing was not required, and they haven’t done that, preferring to keep us all in limbo. But this ruling seems to speak to which way that wind is blowing concerning calling a fideicomiso a taxable trust.

Maple Ridge to update secondary suites bylaw

Monday, August 13th, 2012

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When it comes to hot button issues in Maple Ridge, secondary suites top the list with neighbours complaining about illegal suites, building code compliance and parking problems.

In 1999, Maple Ridge council amended its zoning bylaw to allow secondary suites in a limited number of single family residential zones with minimum lot areas of 557m2 or greater.

The goal was to help provide affordable rental housing within the District, with the recognition at that time that there were many unauthorized suites in Maple Ridge.

Since 1999, Council has approved additional policies and regulations that allow temporary residential accommodation for family members and detached garden suites.

But illegal suites continue to be an issue, creating significant neighbourhood concerns. At the same time developers and builders are in favour of the District allowing secondary suites in zones with smaller lot areas.

To address all of these issues, Council has asked staff to review current secondary suites and temporary residential uses policies and regulations and identify a comprehensive list of issues and potential solutions.

In September and October as part of this review, staff will host focus groups, workshops and open houses for local developers, builders, community associations and residents.

Maple Ridge is hoping this consultation process will provide a wide range of opportunities for input.

Maple Ridge REALTORS® interested in participating should check the Maple Ridge website at www.mapleridge.ca. Dates and times of workshops and focus groups will be posted later this summer.

If you have questions, please contact Harriet Permut, Manager, Government Relations at [email protected].

© Real Estate Board of Greater Vancouver

Know the rules when it comes to insuring secondary suites

Monday, August 13th, 2012

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Secondary suites continue to be an affordable housing option for Metro Vancouver area residents, benefitting home owners as mortgage helpers and tenants as a less expensive roof over their heads.

Secondary suites are so prevalent that Canada Mortgage and Housing Corporation estimates there are now about 101,808 accessory suites in the Metro Vancouver region.

“With so many suites in our area, it’s important to remind home owners to let their insurer know about a suite and to buy insurance to cover the suite,” says REBGV member David Chambers, a licensed REALTOR® and a licensed insurance agent, and vice-president of Chambers Olson Insurance in Vancouver.

 “Whether the suite is legal or illegal, having insurance coverage is vital,” says Chambers who notes there is a misconception among home owners that their existing policy will cover a suite. “It doesn’t,” says Chambers.

A home owner who doesn’t tell their insurer about a suite and that there are two households living in the home, opens themselves up to significant risk.

“An unreported and uninsured suite could potentially void the existing insurance contract on the primary residence if there is a flood or a fire,” explains Chambers.

Some home owners may not properly insure their property because of fear that their insurer will report the suite to the local municipality. “This isn’t true,” says Chambers. “However, we always advise our clients to comply with local bylaws and report and register the suite with the local municipality.”

How much will insurance cost? “About 10% of the cost of your total home insurance. So if you’re paying $1,200, it will cost you an additional $120,” says Chambers.

Home owners who rent their secondary suite can also buy separate comprehensive rental insurance. Depending on the insurer and on the policy, this can cover vandalism and damage by tenants, typically up to a payout maximum limit of $5,000. This insurance doesn’t cover the tenant’s belongings. The tenant has to buy their own insurance for their possessions.

Home owners with laneway homes, coach homes above garages and other authorized or unauthorized accommodation on their property should also let their insurer know and should buy appropriate coverage.

REALTORS® should also advise clients buying property with suites to find out beforehand whether the property is insurable. “If your client can’t get insurance, it could void the contract,” notes Chambers.

© Real Estate Board of Greater Vancouver

Highland Springs in Chilliwack

Thursday, August 9th, 2012

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Kingston on Burke Mountain Coquitlam

Thursday, August 9th, 2012

The jewel of Burke Mountain

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Craigslist reportedly blocks search engines to kill competitors

Tuesday, August 7th, 2012

Craigslist seems determined to destroy sites like Craiggers and Padmapper.

Timothy B. Lee
Other

A third-party site that relies on Craigslist data has accused the classified giant of changing its policies in an effort to kill it off. Craigslist has reportedly told major search engines to stop indexing its users’ ads. That could leave 3taps, which operates the site Craiggers and re-publishes the data for use by third parties such as Padmapper to use, out in the cold.

“At approximately noon on Sunday August 5, Craigslist instructed all general search engines to stop indexing CL postings,” says a statement on the 3taps homepage. Because 3taps had been harvesting Craigslist data from cached copies offered by Google and Bing, the move to block search engines means Craigslist is “effectively blocking 3taps and other third party use of that data from these public domain sources,” 3taps claims.

“We are sorry that CL has chosen this course of action and are exploring options to restore service but may be down for an extended period of time unless we or CL change practices,” the company says.

3taps seems slightly confused about when the block started. Its website states it began on Sunday, August 5, but the Verge noticed a tweet, published early Tuesday morning, that says Craigslist changed its policy on Monday. We’ve asked 3taps for clarification and will update when we have it.

The search engine block would be only the latest step Craigslist has taken to shut down competing services. Two weeks ago, the firm filed suit against 3taps and Padmapper, accusing them of copyright and trademark infringement. Last week, Craigslist beefed up its terms of service in an apparent effort to shore up what experts have told Ars is a flimsy legal case.

But the lawsuit would become all but irrelevant if Craigslist prevents third parties from crawling its site in the first place. That would also be a serious loss for users who prefer the more sophisticated interface of sites like Craiggers or Padmapper to Craigslist’s “old and busted” look.

We’ve asked Craigslist for comment and will update the story if they respond.

Update: A couple of readers have pointed out that Craigslist has set the NOARCHIVE robots meta-tag, but not the NOINDEX tag. So Craigslist posts should still show up in search results, but 3taps will be deprived of the cached copies of those posts it was using to build its own database.

Craigslist reportedly blocks search engines to kill competitors

Tuesday, August 7th, 2012

Craigslist seems determined to destroy sites like Craiggers and Padmapper.

Timothy B. Lee
Other

A third-party site that relies on Craigslist data has accused the classified giant of changing its policies in an effort to kill it off. Craigslist has reportedly told major search engines to stop indexing its users’ ads. That could leave 3taps, which operates the site Craiggers and re-publishes the data for use by third parties such as Padmapper to use, out in the cold.

“At approximately noon on Sunday August 5, Craigslist instructed all general search engines to stop indexing CL postings,” says a statement on the 3taps homepage. Because 3taps had been harvesting Craigslist data from cached copies offered by Google and Bing, the move to block search engines means Craigslist is “effectively blocking 3taps and other third party use of that data from these public domain sources,” 3taps claims.

“We are sorry that CL has chosen this course of action and are exploring options to restore service but may be down for an extended period of time unless we or CL change practices,” the company says.

3taps seems slightly confused about when the block started. Its website states it began on Sunday, August 5, but the Verge noticed a tweet, published early Tuesday morning, that says Craigslist changed its policy on Monday. We’ve asked 3taps for clarification and will update when we have it.

The search engine block would be only the latest step Craigslist has taken to shut down competing services. Two weeks ago, the firm filed suit against 3taps and Padmapper, accusing them of copyright and trademark infringement. Last week, Craigslist beefed up its terms of service in an apparent effort to shore up what experts have told Ars is a flimsy legal case.

But the lawsuit would become all but irrelevant if Craigslist prevents third parties from crawling its site in the first place. That would also be a serious loss for users who prefer the more sophisticated interface of sites like Craiggers or Padmapper to Craigslist’s “old and busted” look.

We’ve asked Craigslist for comment and will update the story if they respond.

Update: A couple of readers have pointed out that Craigslist has set the NOARCHIVE robots meta-tag, but not the NOINDEX tag. So Craigslist posts should still show up in search results, but 3taps will be deprived of the cached copies of those posts it was using to build its own database.

 

Craigslist reportedly blocks search engines to kill competitors

Tuesday, August 7th, 2012

Craigslist seems determined to destroy sites like Craiggers and Padmapper.

Timothy B. Lee
Other

A third-party site that relies on Craigslist data has accused the classified giant of changing its policies in an effort to kill it off. Craigslist has reportedly told major search engines to stop indexing its users’ ads. That could leave 3taps, which operates the site Craiggers and re-publishes the data for use by third parties such as Padmapper to use, out in the cold.

“At approximately noon on Sunday August 5, Craigslist instructed all general search engines to stop indexing CL postings,” says a statement on the 3taps homepage. Because 3taps had been harvesting Craigslist data from cached copies offered by Google and Bing, the move to block search engines means Craigslist is “effectively blocking 3taps and other third party use of that data from these public domain sources,” 3taps claims.

“We are sorry that CL has chosen this course of action and are exploring options to restore service but may be down for an extended period of time unless we or CL change practices,” the company says.

3taps seems slightly confused about when the block started. Its website states it began on Sunday, August 5, but the Verge noticed a tweet, published early Tuesday morning, that says Craigslist changed its policy on Monday. We’ve asked 3taps for clarification and will update when we have it.

The search engine block would be only the latest step Craigslist has taken to shut down competing services. Two weeks ago, the firm filed suit against 3taps and Padmapper, accusing them of copyright and trademark infringement. Last week, Craigslist beefed up its terms of service in an apparent effort to shore up what experts have told Ars is a flimsy legal case.

But the lawsuit would become all but irrelevant if Craigslist prevents third parties from crawling its site in the first place. That would also be a serious loss for users who prefer the more sophisticated interface of sites like Craiggers or Padmapper to Craigslist’s “old and busted” look.

We’ve asked Craigslist for comment and will update the story if they respond.

Update: A couple of readers have pointed out that Craigslist has set the NOARCHIVE robots meta-tag, but not the NOINDEX tag. So Craigslist posts should still show up in search results, but 3taps will be deprived of the cached copies of those posts it was using to build its own database.