RBC First Home – Real Estate Pros

Pressure for winning bid on a home purchase leads some to waive ‪#‎HomeInspection‬. Home purchase subject free is it a good idea?

Ask us questions at ‪#‎RBCFirstHome‬ Twitter Chat on Tuesday August 18th @ 5:30 PM PST. Team of Real Estate Professionals across Canada ready to help. Chance to also win $100 Visa Gift Cards. Don’t miss this event courtesy of RBC Royal Bank.

Follow me on Twitter:  HomeInspector88

 

RBC First Home  Real Estate Professionals across Canada

RBC First Home
Real Estate Professionals across Canada

 

WorkSafeBC cracks down on home demos and renos over asbestos concerns

VANCOUVER — Work safety officials say they are stepping up enforcement of home renovations in B.C. over concerns about asbestos after a high number of contractors were caught trying to cut corners last year.

Starting this month, WorkSafeBC says prevention officers will be increasing inspections at residential demolition and renovation sites to ensure contractors are adhering to health and safety laws when identifying and removing asbestos.

WorkSafeBC conducted 210 site inspections last year and found 43 per cent of hazardous material surveys done by contractors were inadequate, the agency said Tuesday. WorkSafeBC officers wrote 257 orders for hazardous materials violations and imposed 20 penalties.

Al Johnson, vice-president of prevention services at WorkSafeBC, said he didn’t have a number for how many more inspections there would be, but said they will be adding officers dedicated to inspecting residential renovations and demolitions.

“We’re making this a priority and our focus,” he said. “Most of the activity will take place in the Lower Mainland, but it is also a provincial initiative.”

If there is asbestos in a building, it is required by provincial law that it be identified; however some contractors, in trying to compete for business, won’t identify all the areas that potentially have asbestos so they can put in a lower bid for the contract, Johnson said. He added that “although it’s hard to believe” some contractors have also claimed they didn’t know asbestos may have been in the building.

Buildings constructed before the late 1980s contained construction materials with asbestos such as insulation, floor tiles, cement pipes, drywall, linoleum and spray applied fire proofing.

“They are not doing complete surveys. They might identify one wall … but what about the other walls? What about the floor tile, duct material, taping compounds, installation? We need them to do a thorough risk assessment.”

Penalties vary depending on payroll, so larger companies pay more for infractions. They can range from $1,000 up to $30,000.

Johnson said 77 workers died in 2014 from asbestos-related diseases. “While asbestos does not pose a health risk when left undisturbed, preventable exposures can cause fatal lung diseases with symptoms developing many years later,” he said.

WorkSafeBC says hundreds of houses are demolished and renovated every month in B.C. with an increase over the summer months.

Five B.C. municipalities: Coquitlam, Vancouver, Saanich, Nanaimo and Port Coquitlam are working with WorkSafeBC and require those seeking demolition permits to provide results of an adequate hazardous material survey before issuing a permit.

Last month, Health Canada made changes to the way it describes the health risks associated with asbestos exposure. Chrysotile asbestos, mined in Canada and exported until the last operation in Quebec went bankrupt, used to be referred to on the department’s website as being less dangerous than other forms of the mineral.

But that section was removed in the last month, as was a reference to the risks associated with inhaling “significant quantities” of asbestos fibres.

The website now states “asbestos, if inhaled, can cause cancer and other diseases.”

The World Health Organization maintains all types of asbestos can cause lung cancer, mesothelioma, cancer of the larynx and ovary, and asbestosis.

BY TIFFANY CRAWFORD, VANCOUVER SUN JULY 14, 2015

ticrawford@vancouversun.com

With files from The Canadian Press

How to light up your Gas Fireplace

During the heating season homeowners look for a cozy fireplace for a source of heat. Often these gas fueled fireplaces are shut off during the summer and can be tricky to light up. Check out this helpful video.

 

Gas Fireplace

For more information about this topic or if you have questions on how a home inspection can help you, please contact us at 778.898.6831 or info@zegarra.ca. Thanks for checking in, be sure to visit us on Facebook as well for up to date news on enjoying your home.

Home Purchase Down Payment with RRSP

DID YOU KNOW? Home Purchase Down Payment with RRSP

I’m sure most people know that there is a government program that allows you to take money from your RRSP without tax implications in order to use it as a down payment on a property but did you know the following:

1. The money must be there for at least 90 days in order to qualify for taking out.
2. The allowable withdrawal has been increased in the past few years from $20,000. to $25,000.00
3. If you have a spouse you can both take $25,000.00 out
4. You have the year you took the money out plus 2 additional years before you have to start paying it back into your RRSP.

5. You have 15 years to pay it back into your RRSP
6. I would advise transferring the balance into something that does not fluctuate as you move closer to the possibility of using it.

7. It can take anywhere from 2 days to over a week to get the money out. Very important to know as you may need the money even sooner than this if you have to put a deposit on a property in order to purchase it.

8. The easiest way to get it back into your RRSP is through an automatic savings plan.
9. The property must be your principal residence.

The Homebuyer’s withdrawal plan is a government program so please check out their website for the latest on the details as well as other qualifications in order to take advantage of it if it makes sense for you.

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/hbp-rap/menu-eng.html

 

A special thank you to Tony Marchigiano | Mortgage Specialist, RBC Royal Bank for sharing this article. Should you have any questions please contact Tony Marchigiano at 604.505.7109 or tony.marchigiano@rbc.com

 

oil tank Vancouver

Oil Tank Removal Affects Your Mortgage Financing

Vancouver Oil Tank Removal and your Mortgage

oil tank Vancouver

oil tank Vancouver Removal

With increasing environmental consciousness, the use of oil furnaces is becoming redundant across Canada. Nowadays, people keenly take into account the detection and removal of oil tanks before purchasing a property, for constructing or redesigning their home.

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