06 May 2024 Grade 12 Essentials. Word of the day: Property Tax
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Today:
- Warmup.
- Finish up Test? One hour remaining.
- Read / digest the Excellent Brochure I printed for us: Buying A home in Manitoba
- Mid-Term Test due at no later than 10:00. It was a collaborative and take-home test issued on Thursday AM.
- Lesson: House Finance GDSR (Gross Debt Service Ratio) House Finance Notes pp “Practice Problems 6 to 11” at back.
- Check out all the costs just to close the sale: Closing Costs Checklist. In effect a new buyer should an extra $10K kicking about just for these costs too on top of down payment!
- News Artticle about GDSR vs TDSR. In our class, we use 32% and 40% respectively.
- Lesson Support Videos: GDSR
- CMHC Affordability Calculator. A simple calculator to see how much you can afford for a house. Most bank websites will do the same: ACU Affordability Calculator..
- Brochure: Buying A home in Manitoba. a nice basic explanation
- Lesson: House Finance Property Taxes NOTES pp. 11 – 16
- Lesson Support Video Playlist: Property Tax
- Typical Annual Tax Statement. Property owners get one of these every March, based on the value of their property.
- Assgt F-1 Property Tax (Due <8 May)
- Issue Unit F Workbook: Selection of Questions for House Finance from Archived Exams.
Useful Resources:
- CMHC Home Buying Guides. The Canadian Mortgage and Housing Corporation, a semi-government National Hosuing Agency. Some excellent materiel on buying a home!
- City of Winnipeg Taxation Department.
- Explore any address in the city, see wits details, its value, … etc. Property Assessment Details Search.
- Typical Annual Property Tax Statement
- Brochure: Buying A home in Manitoba. a nice basic explanation
- A Selection of Questions for House Finance from Archived Exams. Take a peek at 10 years worth of past exam questions
- Daily Lessons Shared Folder. Every Lesson we have had since Day One.
- Quiz Solutions Debrief Video Playlist. Video Solutions to weekly quizzes.