BURNABY, BRITISH COLUMBIA INFORMATION & REAL ESTATE & LOCAL SERVICES


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Burnaby, British Columbia

Burnably occupies 98.60 sq km, and is located immediately east of Vancouver. While Burnaby occupies only 4% of the land area of the Greater Vancouver Regional District, it accounted for 10% of the Region's population in 2001 (est. 205,261). It is the 3rd largest city in British Columbia (by population), after Surrey and Vancouver. Simialr to Vancouver, Burnaby's population is largely ethnic - 54% of residents (2006 Census) have a mother tongue that is neither English nor French. In North Burnaby, near Hastings St., you will find many Italian restaurants. In the South, specifically in Metrotown's condo towers, there are many recent immigrants from China (including Hong Kong & Macau), South Korea, Tawian, and the former Yugoslavia.

The overall physical landscap of Burnaby is one of hills, ridges, valleys and alluvial plain. Natural features include 2 large freshwater lakes, an ocean beach, fish bearing rivers and streams, and naturally forested mountain parkland.

Burnably has shifted from rural to suburan to largley urban. It houses several large companies such as: Electronic Arts, Creo, Telus, Ballard Power Systems, eBay, and Nokia.

Burnaby Demographics (Stats Canada)
Population by Place of Birth
1996
%
2001
%
Canada
99,855
56.5
96,725
50.5

Hong Kong

11,760
6.7
11,710
6.1
People's Republic of China
8,085
4.6
13,950
7.3
Tawian
6,270
3.5
8,425
4.4
United Kingdom
5,175
2.9
4,010
2.1
Italy
3,680
2.1
3,370
1.8
India
3,510
2.0
4,430
2.3
All other countries
35,145
20.0
44,790
23.4
Non-permanent residents
3,145
1.8
3,975
2.1

Don't Be Alarmed, I.D. Required

As of June 23, 2008, your REALTOR® will have to ask for identification, as in picture I.D. In June 2007, the federal government approved amendments to regulations under the Proceeds of Crime (Money Laundering)and Terrorist Financing Act (PCMLTFA). The amendments, which come into effect on June 23, 2008, are designed to broaden the scope of record keeping and reporting requirements. This means that real estate salespersons and brokers will have new obligations under the PCMLTFA.

Requirements as of June 23, 2008 will include a receipt of funds record for all transactions regardless of the amount of funds received (unless funds are received from a financial entity or public body). In addition, a client identification record will be required to be completed with respect to every purchase and sale regardless of the existence of a cash deposit. Salespersons and brokers will be required to verify and record the identification of each client involved in a particular sale.

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The word REALTOR® is a registered trademark owned in Canada by REALTOR® Canada Inc., a subsidiary of the Canadian Real Estate Association. Only members of the Canadian Real estate Association have the right to use the trademark and in strict accordance with the rules and only to identify membership in this association. The word Realtor®: is a registered trademark in the United States and only members of the National Association of Realtors®: are permitted to use and spell (upper case and lower case) the word. This is a Canadian site offering information, the word REALTOR® intended use is that of a member of the Canadian Real Estate Association. The owner of the site is a member of the Canadian Real Estate Association. If you would like further information please contact.

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