What are FINTRAC forms and why do you have to fill them out?

FINTRAC forms have become a standard part of the Real Estate paperwork. FINTRAC stands for Financial Transactions and Reports Analysis Centre of Canada. The completion of these documents by realtors and the brokerages they work for is a federal requirement.

According to the government's FINTRAC website: FINTRAC is part of Canada's national initiative to combat money laundering and terrorist activity financing. It is a specialized agency created to collect, analyze and disclose financial information and intelligence on suspected money laundering and terrorist activities financing.

Not only is filling out the documents required for every transaction, the documents need to be witnessed by a professional, in our case either a realtor or a notary/lawyer. A realtor in a cooperating office generally will not charge for this service (so if you are a Royal LePage client you can go to any RLP office to fill out the paperwork) but a notary/lawyer generally will.

The information collected is kept locked away and confidential, by the brokerage office. It does not stay in our files.

For more information on this, please visit the website: http://www.fintrac.gc.ca/intro-eng.asp

It's a Coastal Lifestyle ... Live It!

Personal Real Estate Corporation

You may notice that Shelley's name has gotten a little longer in advertising after this week. Like Ed, Shelley has become a personal real estate corporation, and as such now has a real estate license in the name of the corporation. Real Estate Council of BC regulations require advertising to have her full corporation name.

So the ad text will get a little longer as the BC Oceanfront Team is now Ed Handja Personal Real Estate Corporation and Shelley McKay Personal Real Estate Corporation. Same great BCO service and experience; more paperwork for Shelley!

It's a Coastal Lifestyle ... Live It!

Vancouver Island Amenities

When people think of the islands and the coast of BC, they think of rugged wilderness, large trees and vast spaces. While these are all accurate and definitely part of the charm of the coast, what people don't realize are just how many amenities Vancouver Island offers as well.

The four main urban areas on Vancouver Island are (in order of population) Victoria, Nanaimo, the Comox Valley (including Courtenay and Comox) and Campbell River. All of these centres have major hospitals (Victoria has two) and vibrant downtown districts.

Vancouver Island has two universities. The University of Victoria has been around for 50 years and attracts students from across Canada as well as many international students. It is also a popular choice for students on Vancouver Island. The second university is Vancouver Island University, which is based in Nanaimo. It was originally Malaspina College, and in 2008 was granted full university status under its new name.

The Save On Foods Memorial Center regularly features high profile music acts. MacPherson and Royal Theatres in Victoria and Port Theatre in Nanaimo attract major stage and dance productions, while the Sid Williams Theatre in Courtenay and the Tidemark Theatre in Campbell River provide a nice variety of live entertainment for those communities. Victoria also boasts the world-class Royal BC Museum as well as an art gallery.

Both Victoria and Nanaimo have a number of indoor shopping malls, including The Bay Centre and Mayfair Mall in Victoria, and Woodgrove Centre in Nanaimo - all very popular with island residents. All the urban centres have a wide variety of shopping available.

One of the appeals of living on Vancouver Island is that you can truly have it all. Anywhere you live on the island offers amazing coastal beauty, while all the amenities needed or wanted are also available.

It's a Coastal Lifestyle ... Live It!

Signs on the Water

Looking at the land from the water offers a different perspective. One of the things people who are out sight seeing or fishing for the first time may have questions about are some of the markings you can see on apparently unoccupied land. These can appear to be art work or secret messages, but actually they are for the benefit of everyone.

When fishing in amongst the islands and just off the coast, it is the responsibility of the person fishing to know and follow the regulations set out by the Department of Fisheries. These regulations include closures, places in the water where fishing is not allowed, or is only allowed to certain sectors of the fishing community (commercial, sport, etc). The boundary markers are generally visible from the water, some newer than others, some faded with time (many boundaries have been in place for years). Sometimes good old-fashioned signs work.

The markers are generally a triangle and a square, although there is no clear definition on the DFO website as to which is used when and generally the regulations will simply say "between the boundary markers at ..." Whenever you see one of these markers, search the shore opposite (often in a bay) for its mate. Line the two markers up, and the "invisible line" between the two markers is your boundary. You don't want to get caught on the wrong side of the line, as there can be hefty fines!

It's a Coastal Lifestyle ... Live It!