Tag Archives: home owners

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada Eligibility is very important information. Home owners and Quebec real estate investors can save the headache and money.

Pyrrhotite and pyrite: the differences

“Pyrrhotite is a mineral species composed of iron sulfide and is of a
bronze yellow color, blackening when exposed to air. When it crystallizes in blades, pyrrhotite can produce cracks in the concrete structures.”

“Pyrite is a mineral which is found in stone and produces sulfuric acid when it oxidizes upon contact with humidity and oxygen.
When this phenomenon occurs under foundations, it can cause
the heaving and cracking of the concrete slab.”

(Source: Quebec’s building authority )Quebec

 

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This program grants financial assistance to the owners of
residential buildings whose foundations have been damaged
by the presence of pyrrhotite in order to enable them to get
the necessary work done to ensure the integrity of the
foundations on these buildings.

It applies to a municipality where measures have
been put in place to avoid the risks associated with t
he presence of pyrrhotite in the foundations of residential buildings.

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada Eligibility

You may benefit from this program if the following conditions are met:

The residential unit must serve as a principal residence;
The building must have been damaged by pyrrhotite,
or the building’s foundations must contain at least 0.23 % of pyrrhotite;
Work is needed to ensure the integrity of the building’s foundation.
Other conditions apply.

Financial Assistance Residences Damaged
by Pyrrhotite in Quebec Canada Assistance Offered

This financial assistance covers 75 % of the recognized
eligible costs, up to:

$75,000 if the building does not fall under the Guarantee
Plan for New Residential Buildings;
or

$15,000 if the building falls under the Guarantee Plan
for New Residential Buildings, but where the restoration
work on rooms located in the basement is not covered by this plan.
Eligible Work

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada Eligible work includes:

Replacement of the building’s foundation, including
elements providing access to the building if they
are integrated into the foundation and, if applicable,
reconstruction of the outside siding;
Restoration of the rooms located in the basement.
Non-eligible Work
Landscape, paving of the driveway or alleyways (pavement, asphalt),
restoration or replacement of wood decks or backyard accessories
(pool, spa, shed) are not eligible under this program.

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada Program Registration

The Société d’habitation du Québec has allocated the management
of the Program for Residences Damaged by Pyrrhotiteto the
municipalities and regional county municipalities (RCM).

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada Steps

You must communicate with your municipality or RCM to see
if you are eligible to the program. They will tell you what
documents you need to submit in order to create your file.
A representative from your municipality or RCM will go visit
your residence to determine what work might be eligible.
A representative from your municipality or your RCM will
set the maximum financial assistance to which you are
entitled, based on the recognized eligible costs and
work execution modalities.

You must wait for authorization from the municipality or
RCM before undertaking the work.

The financial assistance will be paid once the work has been
completed and after an inspector from the municipality or
RCM has checked that the work has been completed as agreed.

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada For More Information

Contact your municipality or RCM Cet hyperlien s’ouvrira
dans une nouvelle fenêtre.. If you need any additional information,
contact the SHQ Client Relations Centre.

DISCLAIMER

We believe the information contained in this
article to be accurate.It is presented with the
understanding that we are not engaged in
rendering legal,accounting, or investment advice.
When professional assistance is required,
utilize the services of a licensed real estate
broker, lawyer, accountant,
or other consultant as may be required.

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada
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Low Interest Renovation Loans

Financial institutions offer 'green' loans for home owners making energy efficient upgrades. Vancity's Bright Ideas personal loan offers home owners up to $20,000 at prime + 1% for up to 10 years for 'green' renovations. RBC's Energy Saver loan offers 1% off the interest rate for a fixed rate installment loan over $5,000 or a $100 renovation on a home energy audit on a fixed rate installment loan over $5,000. For information visit your financial institution.

Continue reading Low Interest Renovation Loans

Top Grants and Rebates for British Columbia (BC) Real Estate

Top Grants and Rebates for British Columbia (BC) Real Estate cost saving programs for Professional real estate investors, home/property buyers and owners. British Columbia (BC) Real Estate property owners can take advantage using following grants and rebates. Professional real estate investors have been using these grants and rebates in British Columbia (BC) to have better cash flow and save money.

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City of Toronto Basement Flooding Protection Subsidy Program

City of Toronto Basement Flooding Protection Subsidy Program

Help protect yourself against basement flooding.Basements can flood for many reasons.

While the City of Toronto is working to make improvements to its complex system of underground pipes, sewers and catchbasins, these improvements alone cannot completely protect a home from basement flooding.

With increasingly frequent severe weather events, it is essential that homeowners take appropriate action to reduce the risk of basement flooding on their own private property.

To assist, the City offers owners of single-family, duplex and triplex residential homes a financial subsidy of up to $3,400 per property to install flood protection devices including a backwater valve, a sump pump, and pipe severance and capping of the home’s storm sewer or external weeping tile connection.

 

City of Toronto Basement Flooding Protection Subsidy Program Work that is eligible

A: Backwater valve

Eligible work:

Installation of backwater valve
Replacement of existing backwater valve
Installation of alarm for backwater valve

Available subsidy = 80% of the invoiced cost up to a maximum of $1,250 regardless of the number of devices installed at the property, including eligible labour, materials, permit and taxes.

B: Sump pump

Eligible work:

Installation of sump pump
Replacement of existing sump pump
Installation of alarm for sump pump
Installation of back-up power for sump pump

Available subsidy = 80% of the invoiced cost up to a maximum of $1,750 regardless of the number of devices installed at the property, including eligible labour, materials, permit and taxes.

Note: Be sure to maintain basement flooding protection devices according to manufacturer instructions. Keeping these devices in good working order is an important step in protecting your home against basement flooding.

C: Foundation drain (weeping tile) pipe severance and capping

Eligible work:

Disconnection of foundation drains (weeping tiles) from the City’s sewer system by severing and capping the underground sewer connection

Available subsidy = 80% of the invoiced cost up to a maximum of $400 including eligible labour, materials and taxes.

Note: Disconnecting the downspouts from your property’s eavestrough system is not eligible for a subsidy under this program.

How to apply for a subsidy for City of Toronto Basement Flooding Protection Subsidy Program

http://www1.toronto.ca/wps/portal/contentonly?vgnextoid=30ee7c6a9967f310VgnVCM10000071d60f89RCRD&vgnextchannel=f041ffa6ee33f310VgnVCM10000071d60f89RCRD

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

City of Toronto Basement Flooding Protection Subsidy Program

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Jingle mail Alberta, Canada

Jingle mail Alberta, Canada

 
Jingle mail Alberta, CanadaJingle mail Alberta, Canada is a phenomenon where home owners are moving away from their mortgages by putting their keys in the mailbox and sending it back to the bank or the lender in Alberta, Canada. This is due to a combination of both high debt and lost jobs. Professional real estate investors group (PREIG) Canada’s members know how to help fellow Alberta homeowners who are going through very difficult times. The Alberta properties that are either underwater or where the homeowners are unable to make mortgage payments, they have several options.

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