Monday, August 22, 2011

Canada's Newest Anti-Spam Legislation

Canada’s Anti-Spam Law (CASL), Bill C-28 is coming soon, but that doesn’t mean that small business, individual business people and organizations should wait to make sure they are prepared for the new legislations. The fines are hefty.  This bill applies to any “commercial activity” which means any particular transaction, act or conduct or any regular course of conduct that is of a commercial character, whether or not the person who carries it out does so in the expectation of profit.

This act is in addition to the PIPEDA. In the event of a conflict between a provision of this Act and a provision of Part 1 of the Personal Information Protection and Electronic Documents Act, the provision of this Act operates despite the provision of that Part, to the extent of the conflict.

Now you may say that you have a previous and hence an existing business relationship with your client or customer. The bill defines existing business relationship” to mean a business relationship between the person to whom the message is sent as any person who sent or caused or permitted to be sent the message arising from the purchase or lease of a product, goods, a service, land or an interest or right in land, within the two-year period immediately before the day on which the message was sent, by the person to whom the message is sent from any of those other persons. If it is beyond the 2 year period, you could be considered as a spammer. Get the permission, plus the permission has to be expressed and not implied, which means the sender cannot hide behind the excuse that “if they didn’t opt-out, then they automatically opted in”.

Any violation to this proposed act may be punishable. The maximum penalty for a violation is $1,000,000 (yes, a Million Dollars) in the case of an individual, and $10,000,000 in the case of any other person.

For more information on this act, click here. Happy complying.

Jagdeep Singh, B. Arch.

Real Estate Broker

647-28-SINGH

Powerful Local Focus on Real Estate with a Global Perspective.

Direct Tel: 647-287-4644

Direct Fax: 866-450-9199

www.JagdeepSingh.ca

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Century 21 New Star Realty Inc., Brokerage

Independently owned and operated

1450 Midland Avenue, Suite 206

Toronto ON  M1P 4Z8

Off Tel: 416-288-0800

Off Fax: 416-288-8038

This post is intended only for readers who accept to read it, and may contain information that is privileged, confidential and exempt from disclosure under applicable law. If the reader of this content is not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. This post is not intended to solicit parties currently under contract. If you have received this communication in error, please notify the sender immediately by email and delete the message.

Wednesday, August 17, 2011

Buying real estate a better deal than renting in 74% of major US cities

Buying real estate continues to be cheaper than renting in the vast majority of major U.S. cities, according to a quarterly rent vs. buy index from real estate search and marketing site Trulia. The index compared the median list price and the median annualized rent on a two-bedroom apartment, condominium or townhouse in the country's 50 most populous cities. According to the index, the cost of buying was less than renting in 37 of the 50 cities (74 percent) as of July 1, 2011. About the same share, 78 percent, favored buying over renting in Trulia's last index report, released in April. Trulia defines total costs of homeownership to include "mortgage principal and interest, property taxes, hazard insurance, closing costs at time of purchase and ongoing (homeowners association) dues and private mortgage insurance, where applicable. It also includes an offset for the tax advantages of homeownership, including mortgage interest, property tax and closing cost deductions."

Monday, August 8, 2011