COQUITLAM, BRITISH COLUMBIA INFORMATION & REAL ESTATE & LOCAL SERVICES


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Coquitlam, British Columbia

Coquitlam is mainly a suburban city which is located in the Lower Mainland of British Columbia. It has a land area of approximately 150 km sq. In 2007 Coquitlam’s population was 120,512. The largest employers in the city include: Art in Motion, Boulevard Casino, and Real Canadian Superstore.

Coquitlam is rich in heritage, and is dedicated in preserving it. Its historical roots originated with the First Nations people and early French Canadian settlers, and have been evolving with the time as new traditions and cultures are introduced. There are six heritage sites identified by the city: Millside Elementary School, Place des Arts, Mackin Heritage House & Toy Museum, Church Hall, Notre Dam de Lourdes, and Priest’s House.

Moreover, the city contains over 80 municipal parks and trails. Mundy Park is among the biggest and is located in the centre of the city. Other major parks include: Ridge Park, Town Centre Park, and Pinecone Burke Provincial Park.

Top Fifteen Most Frequently Reported Ethnic Origins in Coquitlam (2006)

Ethnic Origin Coquitlam Percent
English
26,000
13%
Chinese
21,285
11%
Scottish
17,415
9%
Canadian
16,965
9%
Irish
13,650
7%
German
10,835
6%
French
8,315
4%
Italian
6,360
3%
Korean
6,000
3%
Ukrainian
4,990
3%
Iranian
4,015
2%
Polish
3,950
2%
East Indian
3,740
2%
Dutch (Netherlands)
3,500
2%
Filipino
3,430
2%

 

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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