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Stan and Stelli Stanchev / Team 3000 Realty
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GST on New Homes in BC

British Columbia Goods and Services Tax (GST) is a 5% tax you pay on goods or services for personal use and enjoyment. Much like the GST you pay for the purchase of clothing, the same principle applies to the purchase of a new home in BC. GST is charged on top of the purchase price…
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Property Transfer Tax in BC

Property Transfer Tax in BC 2024

PROPERTY TRANSFER TAX One of the major expenses associated with the purchase of real estate in British Columbia is the property transfer tax (“PTT”). PTT becomes payable when a change in title is registered at the land title office.  PTT is taxed on the fair market value of the land and improvements and is charged…
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BC Home Flipping Tax

If you’re a buyer considering purchasing a property for the short-term or a seller looking to sell within the first 730 days of ownership, there’s an important new tax you need to know about. Starting January 1, 2025, the BC Home Flipping Tax will apply to certain property transactions, and it’s important to understand how it…
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amazon-prime-cargo-plane-slides-off-yvr-runway-during-landing

Amazon Prime cargo plane slides off YVR runway during landing

Posted November 19, 2024 7:03 am. Last Updated November 19, 2024 8:25 am. A runway at Vancouver International Airport (YVR) is closed Tuesday after an Amazon PrimeAir cargo airplane ran off the runway during landing overnight. In a statement to 1130 NewsRadio, YVR says the incident happened around 1:45 a.m. when the aircraft “overran the eastern boundary of YVR’s North Runway.” CLICK HERE TO LISTEN TO 1130 NEWSRADIO VANCOUVER LIVE! “Safety and security are our top priorities. YVR Fire and Rescue attended. There were no injuries reported and the CargoJet crew of three were safely deplaned,” said Chloe Reynaud, communications specialist. The North Runway is closed while airport crews assess the plane, which is sitting near a fence by Templeton Street, and runway. Pictures sent to 1130 NewsRadio show the aircraft sitting on its belly with the landing gear collapsed. “This event will have an impact on YVR operations while we work to bring the North Runway safely back into operation. We encourage passengers to check with their airlines for current flight schedules and status,” Reynaud added. A runway at Vancouver International Airport (YVR) is closed Tuesday after an Amazon PrimeAir cargo airplane ran off the runway during landing overnight. (Supplied) YVR says further updates about the situation will be shared when they become available. “We appreciate the work of those responding to the incident and everybody’s patience.” In a statement, the Transportation Safety Board of Canada says it’s sending a team of investigators to YVR “following a runway overrun of a Boeing 767 operated by CargoJet Airways.” “The TSB will gather information and assess the occurrence,” it said. You can watch CityNews 24/7 live or listen live to 1130 NewsRadio Vancouver to keep up to date with this story. You can also subscribe to  breaking news alerts  sent directly to your inbox.
Read More Amazon Prime cargo plane slides off YVR runway during landing

Bank of Canada says Mortgage stress tests helped prevent spike in delinquencies

Stress test curbed credit growth while reducing risks for borrowers facing higher payments Mortgage stress tests have proven to be effective in preventing an uptick in delinquencies despite recent interest rate hikes, according to a new Bank of Canada (BoC) report. The federal government and the Office of the Superintendent of Financial Institutions (OSFI) first…
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Mortgage war

Mortgage war. Canadians may emerge winners as banks fight for business

Canadians could see a “mortgage war” in the months and years ahead as interest rates fall and unprecedented conditions drive competition among the country’s banks, according to RBC Capital Markets. The growth restrictions recently imposed on TD Bank’s U.S. operations and the eventual arrival of open banking in Canada are among the factors at play,…
Read More Mortgage war. Canadians may emerge winners as banks fight for business
Condo vacancy rates hit new low

Condo vacancy rates hit new low: Developers pivot to bigger units

BUYERS – Find the best deals, foreclosures, bank distress, estate sales and exclusive listings. Visit www.vreg.ca and go to “EXCLUSIVE DEALS” Changing demand drives trend toward bigger, more functional spaces Canada’s rental market has hit a critical low in vacancy levels, but developers are struggling to keep pace with the growing demand for new housing. Despite a…
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heres-what-those-tall-green-fins-on-the-highway-are-actually-for

Here is What Those Tall Green Fins On the Highway Are Actually For

Heng Cai / 500px/Getty Images Heng Cai / 500px/Getty Images Published on Nov. 18, 2024 Discover how headlight shields reduce glare from oncoming traffic, what they look like, and how they improve night driving safety along with other helpful traffic control devices. Now Trending Have you ever driven along a highway or interstate and seen those weird green objects sticking up on top between lanes of traffic? Well, they’re not just cool roadway decor. These fins play an important role in creating a safer nighttime driving experience by reducing glare and improving lane awareness to prevent accidents. What Are Headlight Shields? Headlight shields, also known as oncoming headlight blockers, are devices installed between lanes of traffic to reduce the glare of headlights from oncoming vehicles. Especially useful in divided highways or multi-lane roads, these shields enhance nighttime driving safety by blocking intense beams of light from the opposing lane, preventing temporary “night blindness.” This momentary loss of vision can be dangerous, particularly for drivers with increased light sensitivity, and headlight shields help mitigate this issue by creating a visual barrier between lanes. What Do Headlight Shields Look Like? Headlight shields are usually vertical panels that extend above the roadway divider, with a slight curve or angle designed to intercept the beam of oncoming headlights. They often resemble a row of slim, upright paddles or slats mounted along the center line or on a highway barrier. While green and gray are the most common colors for headlight shields, they can also be seen in shades of blue or white, with colors chosen to blend with the surrounding environment or meet local visibility standards. Some shields are reflective, allowing them to be seen easily by both oncoming and same-direction drivers, helping improve overall road awareness and visibility. Are There Other Traffic Devices Like Oncoming Headlight Blockers? In addition to headlight shields, a variety of traffic control devices exist to help manage visibility and safety between lanes. Median barriers, like concrete Jersey barriers, are frequently installed to physically separate lanes of opposing traffic and can serve as a buffer against headlight glare. However, their primary purpose is crash prevention. Another common sight on highways is the installation of rumble strips along the edges of lanes. While not designed to block headlights, rumble strips alert drivers when they are veering off course, helping keep vehicles safely within their lanes. In some regions, more advanced dynamic lighting systems are being implemented. These systems use technology such as adaptive headlights, which automatically dim high beams when oncoming traffic is detected. Additionally, road studs or “cat’s eyes” are reflective markers embedded in the road surface, helping to outline lane divisions in low-visibility conditions without needing to physically block oncoming lights.
Read More Here is What Those Tall Green Fins On the Highway Are Actually For

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