Anshu Arora LLM, MSc, PMP

Cell 604-828-7331 | yourbcagent@gmail.com

In a strictly technical, definitional sense, this is an “era-changing” moment because there’s a new CEO for Alphabet. Larry Page and Sergey Brin, the founders of the company, are stepping back from running things and any time the founders change jobs, it means something. Arriving randomly on a Tuesday afternoon, it felt surprising and big.


Alphabet was formed in 2015 as a weird holding company for Google, designed in part to distance Page and Brin’s various pet projects from Google’s core business. That’s when Pichai was put in charge of Google as the CEO. Since then, I think Pichai’s tenure has been marked by a few major stories that are really the same story: he has spent a significant chunk of his time cleaning up the messes that resulted from Google’s culture up to that point.

Pichai’s rise through Google’s ranks was well deserved because he has calmly and consistently delivered good products. From the very first Google Toolbar to Chrome to Google’s online apps to ordering its scattered hardware efforts, he steadily took on more of Google’s user-facing products until, eventually, he took on the job of CEO.

All of the stuff Google made was innovative and smart but also directionless and unpolished. Pichai’s job was to take Google’s products out of permanent beta. At the same time, he’s had to ensure future technologies — especially those based on AI — turned into real products. From a purely product perspective, which of course includes the lucrative ad products that make the whole thing go, Pichai has been very successful.


Things are changing and this is an amazing time to do amazing things!














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#Toronto home sales in November rose 14.2 per cent from a year ago while home prices saw their strongest growth for the year.


The Toronto #Real Estate Board says there were 7,090 home sales in the month as sales rose in all major market segments.


The board says strong population growth and declining mortgage rates helped push up sales and #competition between buyers.


Sales rose as listings continued to drop, with new listings down 17.9 per cent year-over-year and active listings down 27.2 per cent. The higher activity mixed with fewer listings put upward pressure on prices. The average selling price for the month was up 7.1 per cent from last year to $843,637, while the board's composite benchmark price increased by 6.8 per cent. Detached home sales rose 23.8 per cent from a year ago and the average price rose 3.5 per cent to $1.04 million. Condo sales were up one per cent from a year ago and the average price rose 11.1 per cent to $617,658.








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Luxury giant LVMH Moët Hennessy Louis Vuitton SE has reached a $16.2 billion deal to buy #American jeweller Tiffany & Co.


The two companies announced Monday that they had entered an agreement for LVMH to acquire Tiffany for $135 a share — a multi-billion dollar bet that LVMH can restore Tiffany’s faded shine.


In a call Monday, LVMH Chief #Financial Officer Jean-Jacques Guiony described the deal as a “game-changer” for the conglomerate’s watches & jewellery segment, batting away concerns over Tiffany’s near-term performance.

“We strongly believe that LVMH is not only an ideal owner for Tiffany but also that this iconic brand is a perfect addition to our portfolio and perfect complement to our existing model,” Guiony said.The all-cash acquisition is one of the largest ever for the #French conglomerate known for its hard-charging deal making and surpasses its $13 billion deal for #Christian Dior in 2017.


That wasn’t the first time LVMH — Europe’s second-most valuable company, with a market capitalisation surpassing €200 billion — had set its sights on Tiffany. The conglomerate reportedly expressed interest in the jeweller prior to its takeover of #Bulgari in 2011 — LVMH's last major investment in hard #luxury.

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Properties deemed empty will be subject to a tax of 1% of the property’s 2019 assessed taxable value. Most homes will not be subject to the tax, as it does not apply to principal residences or homes rented for at least six months of the year; however, all homeowners are required to submit a declaration. Net revenues from the Empty Homes Tax will be reinvested into affordable housing initiatives.


Each year, every owner of residential property will have to make a property status declaration. This will determine if the property is subject to the Empty Homes Tax, also known as the Vacancy Tax.


Properties not subject to the tax

Most properties will not be subject to the Empty Homes Tax, including those:

  • Used as a principal residence by the owner, his/her family member or friend, or other permitted occupier for at least six months of the 2019 tax year
  • Rented for residential purposes for at least six months of the current year, in periods of 30 or more consecutive days
  • Meeting the criteria for one of the exemptions 


If you do not qualify for an exemption, several options are available to you in 2020:

  • Become a landlord by renting your property for at least six months of the year, in periods of 30 or more consecutive days
  • Enlist a property management firm to rent your property on a long-term or periodic basis
  • Invite a family member or friend to occupy your property as his/her principal residence for at least six months of the current year
  • Occupy your property as your principal residence for at least six months of the current year
  • Keep your property as-is and pay the Empty Homes Tax
  • Sell your property.
 
 
 
 
 
 
 
 
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Challenge #1: Take a photo every day of something you’re thankful for.

Challenge #2: In your transactions with cashiers, baristas and others, take the time to look them in the eye and really thank them.

Challenge #3: Put up gratitude “stop signs” in your life.

Challenge #4: Write a thank you note for a loved one — and give it to them.

Challenge #5: Be honest about the thanks you’d like to hear from the people in your life.


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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.