Dealing with home emergencies

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After dealing with mortgage rates and home loans, the last thing you want to do is add more stress to the home owning experience. However, it’s essential that homeowners understand how to keep their family and property safe in case of an emergency.

While less dangerous than other emergencies, power outages can still wreak havoc when it comes to your health, security and comfort. Besides the obvious inconvenience of your home’s appliances failing to work, power outages leave you vulnerable to things such as fire or carbon monoxide poisoning if your detection devices lose power. In addition, losing power could mean losing heat, something that could lead to serious damage and discomfort in the middle of winter.

One way to deal with power outages is to make sure that you have a backup system in place. Purchasing a generator will allow your home to continue functioning in case of a power outage, although you will likely need to ration power to the most important parts of your home. You can help cut down on wasting back up power by installing energy efficient appliances. Not only will these help in the case of using a back up generator, but they will save you money on energy costs as well. Continue reading

Drunk Driving Highest in Interior BC Towns, Not Urban Areas

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According to ICBC investigation records, as accessed by Global News in an exclusive investigation, the postal code areas showing the highest rates of alcohol-related suspensions are within interior towns, not heavier populated urban areas.

The top 10 highest volumes of alcohol-related suspensions per postal code – ranging from 12-hour license suspensions to impaired driving causing death – were found in the following locations, as reported from April, 2010 to April, 2011:

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Should Debt Halt your Plans for Wedded Bliss?

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Money can’t buy you love, but a large shortfall of it sure seems to have an effect in destroying it. Money troubles are consistently one of the chief factors associated with divorce and the number one reason couples state they bicker.

That said, is it a good idea to openly enter into a marriage contract knowing that you or your partner are bringing to it a fair sized bundle of funds owing?

According to David Weliver, writer for Money Under 30, it really depends on the type of debt. He states that while he would be comfortable entering into marriage with student loans or even vehicle debt – since the purpose for which those two debts were, or are, being incurred are viewed by society as beneficial toward intents of the future – he would not do so with personal or credit debt.

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Is a Holiday Cottage Within Your Budget?

What you Need to Consider Before Purchasing your Vacation Home

There is little more appealing than a second property that provides a getaway from your hectic city life; a place to host family and build memories; and an investment from which rental revenue can be generated during the weeks or months you won’t be using it. But before you take on a dream that ends up a costly burden, think over the following steps when researching for the purchase of your home away from home.

How will you Pay for it? Is it better for you to refinance your current mortgage, take out a Home Equity Line of Credit on your current home or apply for a completely separate second mortgage? Discuss your options with a reputable mortgage broker or financial adviser and be sure to pick the option that will see you attain the lowest mortgage rate possible, and pay the least amount of taxes. Before you cash in an RRSP or other investment to come up with a down payment, examine your equity take out options.

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Potential home lot levy could affect Calgary buyers

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A plan currently being negotiated by officials in Calgary could increase the price of new homes in the region, making it more difficult for many buyers to qualify for loans, despite currently low Canadian mortgage rates.

According to the Calgary Herald, officials are negotiating an $8,000 levy per new home, which will be used to help promote transportation and other services in the city as part of the Plan It Calgary plan. The plan seeks to make space for the 1.3 million people expected to be added to the city in the coming decades.

However, builders told the paper additional fees for development and other services will also be added on, which could lead to an extra $16,000 for each new home that is sold in the city.

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