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About Cindy Silver

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So far Cindy Silver has created 10 blog entries.
15 05, 2019

Are you a First Time Home Buyer?

By |2019-05-15T16:15:05-07:00May 15th, 2019|Financial, Real Estate|

Are you buying your first home? Good news! You may be exempt from paying Property Transfer Tax (PTT) on your purchase. The First Time Home Buyers' Program reduces or eliminates the amount of property transfer tax you pay when you purchase your first home. If you qualify for the program, you may be eligible for either a [...]

14 05, 2019

Five Things You Need to Know About Wills

By |2019-05-15T15:09:45-07:00May 14th, 2019|Wills and Estates|

1. When do I need a will? Our top question! If you are an adult who owns assets, has a spouse, or has children you should have a will. Though it is unpleasant to think about what should happen if you die, having a will safeguards you and ensures that your wishes are met regarding [...]

10 05, 2019

What is a Power of Attorney?

By |2019-05-15T16:16:05-07:00May 10th, 2019|Power of Attorney, Wills and Estates|

A Power of What? A Power of Attorney is a valuable part of an estate plan. By using a Power of Attorney, you can control who will make decisions about financial and legal matters for you in case you lose capacity. A Power of Attorney is a legal document used by an individual (the "donor") [...]

10 01, 2019

Why use a Lawyer instead of a Notary Public?

By |2019-05-15T16:18:39-07:00January 10th, 2019|Notary Public vs Lawyer|

Do you need something notarized? Are you looking for someone to notarize a contract, agreement, or other legal document? Documents can be notarized by either a lawyer or a notary public. A notary public is an individual who has trained to serve as an official witness to the execution (signing) of contracts, agreements, and other legal [...]

16 11, 2016

What do I need to know about Property Transfer Tax?

By |2019-05-15T16:16:19-07:00November 16th, 2016|Property Tax, Taxes|

What is Property Transfer Tax? The Property Transfer Tax (PTT) is a land registration tax charged by the B.C. government on all transfers of real estate in the province that are registered at the Land Title and Survey Authority (LTSA). The amount of tax you are required to pay is based on the fair market [...]

17 10, 2016

How Does the New “Stress Test” for Mortgages affect me?

By |2019-05-15T16:29:00-07:00October 17th, 2016|Real Estate|

What is the "stress test"? At the beginning of the month, Ottawa released the news that they would be introducing some new measures to make it harder for Canadians to take on a mortgage they can’t afford. On October 17th, 2016, the federal government’s new rules for first-time homebuyers take effect. Now all insured mortgage [...]

17 10, 2016

What is happening in the Real Estate Market?

By |2019-05-15T16:33:23-07:00October 17th, 2016|Real Estate|

Updated October, 2016 According to the BCREA (British Columbia Real Estate Association): Housing demand in the province “continued to trend lower in September” according to BCREA Chief Economist Cameron Muir. The number of residential unit sales recorded by the Multiple Listing Service (MLS®) in September is 7,591; down 11.2 percent from the same month last [...]

16 08, 2016

What is happening in the Real Estate Market?

By |2019-05-15T16:34:23-07:00August 16th, 2016|Real Estate|

Updated August 2016   According to the British Columbia Real Estate Association (BCREA), home sales in metro Vancouver region are showing a “cooling trend” since March. The 9,900 residential unit sales recorded by the Multiple Listing Service (MLS) in July in B.C. is down 3.4 per cent from the same month last year. According to [...]

10 05, 2014

The New Wills Estates and Succession Act (WESA)

By |2019-05-15T16:36:42-07:00May 10th, 2014|Wills and Estates|

The New Wills Estates and Succession Act (WESA) What is it? The Wills, Estates and Succession Act (WESA) came into force on March 31, 2014. The act provides greater certainty for individuals who put their last wishes into writing and simplifies the process for those responsible for distributing an estate. Among its benefits, the act: [...]

9 05, 2014

How does Property Transfer Tax affect you?

By |2019-05-15T16:38:25-07:00May 9th, 2014|Property Tax|

How does Property Transfer Tax affect you? Very generally, Property Transfer Tax (PTT) is paid by anyone who has land transferred into their name, unless they qualify for an exemption. Property Transfer Tax is 1% on the first $200,000.00 of the property's fair market value and 2% on the remaining fair market value, as of [...]