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BC real estate definitions (N to Z)

Last month, we posted the first half of a two-parter demystifying some of the tricky terms often used in the real estate field. Today, we round out the rest of the alphabet with definitions from N to Z. Net taxes: The amount of property tax owing after deductions such as the home owner and seniors […]

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real estate terms

BC real estate definitions (A to M)

Navigating the real estate waters in B.C. can be a tricky business, and even more so if you aren’t familiar with the many terms used in the business. Today’s blog post contains the first of two lists detailing definitions of common words and phrases you’re likely to encounter. Amortization: How many years it will take […]

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Oil Storage Tanks in Richmond

Background Information Pre-1957, before natural gas was widely used to heat homes, many residences had Oil Storage Tanks on their property, loaded with furnace oil. These tanks, some buried underground and some above ground, would hold up to 1,000 gallons of oil. Once natural gas became widely available, the homeowners of the time simply filled […]

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