BOM DIA ALBUFEIRA
We are visiting Brooklin & Jose Demelo after their recent move from Kamloops to Portugal.
Steve and Jose went on a real estate expedition last May 2022 to find the perfect home.
This is the ocean view from their rooftop patio along the Rua Fernando Pessoa.
Portuguese is a very different language from Spanish.
For example, Steve was saying ‘obrigada’ to thank vendors until he was corrected by a female merchant that men are supposed to say ‘obrigado’.
Steve misunderstood that the feminine use of obrigada (thank you) is only said by women.
My favorite electronic card message platform is Blue Mountain with this special Valentine Greeting.
Plus it saves others from throwing out and recycling a card.
Why wait once a year to let someone know you love them?
Wouldn’t it be a lovely thing to celebrate Valentine’s Day every day all year long?
BOBI: WORLD’S OLDEST DOG
According to the Guinness Book of World Records, the world’s oldest dog ever is coming up to his 31st birthday and lives in Conqueiros, Portugal.
Bobi is a pure bred Rafeiro de Alentejo that normally live up to 14 years.
The secret for his longevity appears to be country living, no stress, and eating human food.
Our friends Jose & Brooklin Demelo moved from Kamloops to Albufeira last year.
REMEMBER TO SUBMIT YOUR SPECTAX
This is a courtesy reminder that every homeowner in British Columbia must submit their Speculation and Vacancy Tax Declaration by March 31, 2023.
Otherwise, you may end up paying up to 2% of your property’s assessed value as a penalty.
Considering that 99% of people are exempt, do you really think this tax is helping renters with affordable housing?
FUNNY MEME & PUNS
Pastor Kevan Dobsin from the Pitt Meadows campus shared this funny meme about rescuing a sheep stuck in a hole only to get stuck again.
Life sometimes feels like we keep getting stuck in the same rut; literally for this sheep.
Asking (bleating for sheep) for help is a sign of emotional strength and indicates a balance between independence and dependence.
Here’s a few puns to brighten up your day: #2, #3, and #8 are my faves, still laughing over #2, and working on getting some of the other puns.
UNDERUSED HOUSING TAX
The new Underused Housing Tax (UHT) was recently implemented by the Canada Revenue Agency.
The UHT is a 1% annual tax on the ownership of vacant or underused residential housing in Canada that took effect on January 1, 2022.
The UHT applies to all ownership structures of residential properties.
Penalties apply if the UHT return is not filed on time: $5,000 for individuals and $10,000 for non-individuals (such as corporations).
The UHT is due by April 30, 2023 and a separate return is required for each owner of each property.
Please consult with your professional advisor.
WHY INVEST IN REAL ESTATE?
Real estate is a long-term investment, meaning you can hold it for several years as you wait for it to appreciate. At the same time, if you rent out your real estate you can earn monthly income while you wait for your property’s value to rise.
About July Ono.
JulyOno.com is a real estate investment company. We have been actively involved in the Lower Mainland area real estate investing for a number of years. Our mission is to provide local housing and commercial workspace to quality tenants while at the same time providing an above average return on investment (R.O.I.) for our investor partners and for ourselves. It is truly a win-win-win way of investing!
July offers her investor partners hands-free investment opportunities. If you are interested to learn how to earn an above-average return on your investment, backed by a solid asset, and without the hassle of being a landlord, please contact July Ono.