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What is an OCP and how does it affect Homeowners?

February 24th, 2011
An OCP is an “Official Community Plan” that the City of Richmond is proposing to help guide their City into how citizens would like our City to look by 2041.  Some of the areas that the City will be addressing are: 1)Transportation    2)Parks     3) Natural Environment    4)Greenhouse gas reduction targets, policies and actions 5)      Demoghraphic and Employment studies, and   6 Environment ...

Variable Rate Mortgages Versus Fixed Rate Mortgages

February 11th, 2011
   Spon Allan Seltzer Mortgage ConsultantPhone: 604.202.7114Fax: 866.246.5260allan@seltzerteam.com www.seltzerteam.com   Good Afternoon,   Mortgage Term Nugget:   Variable Rate Mortgage: This term refers to Mortgages that follow ...

Borrowing funds for Strata Repairs

December 7th, 2010
What if a Strata is planning a major building facelift, new roof, windows or paint?  Strata Corporations can borrow funds and there are several banking institutions in BC who lend to Strata Corporations. A Strata Corporation can enter into a loan agreement which is a contractual document that will grant the lender the first priority of receipt of special levies and strata fees. Because Strata ...
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