OCMI.CA RE-DESIGNED
Introducing the first iteration of our OCMI.ca digital brand.
Admittedly, we are not website experts because our focus is on tangible real estate and we acknowledge that our digital presence has been underwhelming.
It takes a lot of intentionality, time, and resources to build a website that reflects our historical accomplishments, operational values, and multi-decade vision.
●・○・●・○・●●・○・●・○・●
LOUGHEED LANDMARK UPDATE
The Lougheed Landmark application was reviewed by the City of Coquitlam on September 9, 2024.
This was not an official hearing; it was an advisory committee meeting
We, the developer, are not allowed to speak at this meeting.
After weeks of seeking input from the City, we discovered that our application did not meet the specifications under the RM6 zoning and have shifted to C7 zoning.
An investor update has been posted at JulyOno.com that explains our side.
July Ono.
BEWARE OF TAX SCHEMES
Did you know that the prevalence of tax schemes is increasing?
Tax schemes are not fraud or scams, but arrangements by promoters who promise tax reduction through deceptive practices that go against Canadian tax laws.
Please be informed and be aware of potential tax schemes that promise to reduce your taxes.
If you feel that gut check, it’s your intuition telling you that it’s too good to be true.
If you think you have been misled into a fraudulent scheme, call CRA at 1-800-265-2577 or call collect 1-613-221-3176.
FAST TRACKING SSMUH
SSMUH stands for small scale multi-unit housing.
Last year the Province introduced legislative change through Bills 44 and 47 to increase density so more people have access to homes in transit-oriented hub communities.
The BC Ministry of Housing has released free standardized home designs.
The design phase and hiring architects is an expensive and time-intensive process.
This link will take you view the 81-page PDF with ten sample designs.
This initiative is to help build homes faster.
Bill 44 requires municipalities with at least 5,000 people (86 are exempt out of 191 municipalities) to allow multiplexes on a standard residential lot.
Nearly 90% of B.C. communities have adopted small-scale multi-unit housing legislation | BC Gov News
You know what this means: real estate prices will continue to increase in these areas.
POWER OF 252
Reached another milestone this month with my 252nd newsletter (aka 21 years).
What is one keystone habit that you can start today?
The Power of Habits: Why We Do What We Do And How To Change It by Charles Duhigg.
AI TIMELINE
My neighbor and friend Jordan Holoman got me hooked up to ChatGPT.
He shared this timeline of artificial intelligence (AI) development since 2022.
Software is developed in iterations or repetitions.
By the way, humans learn this way too.
All you need is a 1-degree iteration to start change in your business or your health.
What is that 1-degree step you will take today?
WHY INVEST IN REAL ESTATE?
Qualify for Capital Gains Tax Treatment
If you purchase a property and then sell it within 12 months, any gains from the sale will be taxed as ordinary income. However, if you hold onto the property for over one year, the sale will be taxed as a capital gain at capital gains tax rates, at least on the federal level.
At the federal level, most taxpayers will only be levied a 15% tax, with some even qualifying for a 0% tax rate.
About July Ono.
JulyOno.com is a marketing platform for 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.
For more information about July and her investment program, please call (604) 830-2438 and email her at july@julyono.com or visit https://julyono.com/
