July News in September 2024, Issue #253

July Ono - Manager

OTBEC Group

july@otbec.com
6048302438
http://www.ocmi.ca

July - Facebook July - Twitter

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.

In a world of change, the learners shall inherit the earth, while the learned shall find themselves perfectly suited for a world that no longer exists.” Eric Hoffer



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.



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.



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.



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.



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?



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