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iPad Pro release date, news and features | TechRadar

iPad Pro release date, news and features | TechRadar | HomesWithGrant Real Estate News | Scoop.it
iPad Pro release date, news and features | Apple just unveiled its enterprise tablet. Find out more about how it works and when it will begin shipping. Buying advice from the leading technology site
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Apple Acquires Artificial Intelligence Startup to Boost Siri

Apple Acquires Artificial Intelligence Startup to Boost Siri | HomesWithGrant Real Estate News | Scoop.it
Apple Inc. acquired a U.K. software startup that could give its digital assistant Siri a boost.
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10 Life Lessons From A Navy Seal. I Will Always Remember #4.

10 Life Lessons From A Navy Seal. I Will Always Remember #4. | HomesWithGrant Real Estate News | Scoop.it
Be your best in the darkest moment!
Grant Anderson's insight:

Brilliant truths!

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Scotiabank offers 5-year fixed mortgage at 2.97 per cent

Scotiabank offers 5-year fixed mortgage at 2.97 per cent | HomesWithGrant Real Estate News | Scoop.it
Scotiabank has lowered its five-year mortgage rate to 2.97 per cent, beginning a new sally in the war to win business.
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How to Stage Your House for a Quick Sale

How to Stage Your House for a Quick Sale | HomesWithGrant Real Estate News | Scoop.it
Home staging allows buyers to visualize themselves in your home. It ensures they see the full potential in the home, and it results in a quicker sale that gets you more money. Sounds pretty good, right? But where do you start? First of all, your realtor ca...
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CMHC Housing Observer 2013 - Housing Finance

CMHC Housing Observer 2013 - Housing Finance | HomesWithGrant Real Estate News | Scoop.it

Chapter 3 highlights key features of, and updates on,
Canada’s residential mortgage lending and mortgage
funding markets, and major policy and regulatory
developments related to these areas.

 

 

 

 

 

 

 

 

■■ Total residential mortgage credit outstanding stood at
$1.172 trillion in April 2013, up 5.2% compared to a
year earlier; this was below the average annual growth
rate of 9.3% from 2001-2010, reflecting a moderation
in housing market activity levels.

■■ The average posted 5-year fixed mortgage rate was
5.19% in the first quarter of 2013, down from an
average of 5.27% in 2012. Variable mortgage rates
continued to hold steady at 3%.

■■ Based on data from the 2013 survey by the Canadian
Association of Accredited Mortgage Professionals,
estimated negotiated discounts on 5-year fixed-rate
mortgages averaged 2.2 percentage points, compared
to 1.85 percentage points in 2012.

■■ The ratio of annual mortgage debt-service costs to
annual personal disposable income moderated in 2012
and fell further to 3.6% in the first quarter of 2013,
considerably below the average of 4.8% since 1990.

■■ As of June 2013, 0.31% of residential mortgages were
three or more months in arrears, compared to 0.33%
twelve months earlier. Canada’s internationally
recognized conservative mortgage lending practices are
among the key factors contributing to this outcome.

■■ Effective July 9, 2012, the maximum amortization
period for insured mortgages with loan-to-value
(LTV) ratios above 80% was set at 25 years under the
government-backed mortgage insurance framework.
Some lenders continue to offer mortgages with longer
amortization periods for uninsured mortgages with
lower LTV ratios.

■■ The 5-year fixed-rate mortgage (amortized over 25
years) remains the most common mortgage product.

Grant Anderson's insight:

I get asked at least a few times/week, "what is the health of the Housing Market".  Great question.  Keep asking!  The ability for Canadians to afford and Finance housing is really the life-blood of our Real Estate industry.  See for yourself in this 1 page excerpt from CMHC's 2013 "Canadian Housing Observer".  To say Housing Finance in Canada it is anything but "healthy" is ridiculous.  Don't always believe the headlines!

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OBA.org - Power of Attorney Month

OBA.org - Power of Attorney Month | HomesWithGrant Real Estate News | Scoop.it
Grant Anderson's insight:

A shameless plug by the Ontario Bar Association to drum up some Spring Business?  NOT!

 

As a Real Estate Professional, I have been on both the good and bad side of transactions where there WAS no Power of Attorney (PoA), or the PoA did not have the specific clauses that gave the Attorney* the Legal rights required to dispose of Assets (such as a home or property in my case) or manage Financial Affairs.

 

This Blog post is NOT intended to be an exhaustive guide to the use and/or need for a PoA.   But I am definitely encouraging anyone (and I mean everyone) to seriously consider adding a PoA to their Will & Estate portfolio.  If you are married (with or without children), have $10,000 or more of Assets, it is my belief that you should have a PoA in place for both your personal and financial affairs.  They are relatively inexpensive to put in place (I can refer you to several Lawyers and/or Financial Advisors that can give you professional guidance) and will save your loved ones significant heartache and grief if you should become incapable of handling your affairs.

 

Case Examples from my own experience:

 

Case 1) An Offer had to be rejected (my Buyer) as the PoA in place for the Seller's Property was incomplete for the purpose of managing Assets!  The person acting on behalf of the Estate WAS named in the PoA.  But only for Personal matters and did not have signing authority over Financial/Property Matters. This ended up starting a big feud with the remaining Family handling the Estate as the person named to handle Assets no longer lived locally and was not on speaking terms with the Family.  Ouch!  The Realtor should have asked more questions of his Seller and actually READ the PoA!  These are simple and honest mistakes that can easily be avoided with a bit of due diligence.  

 

Case 2) In another recent case where I was representing the Seller, they called to tell me they were going to list their Mother's (who had been placed in a Long Term Care facility) Property with another Realtor based on a friends recommendation.  (They lived in Southern, ON and didn't know anyone in this market)   I hadn't even presented my Market Evaluation yet! I took the time to read the PoA they had sent (I asked for it) as part of an information package to present a Market Evaluation on the home.  I told them straight out that their Power Of Attorney was missing a key clause and would not allow them to dispose of the Property.  If they were to List and Sell the property with the PoA as-is,  they were putting themselves at risk of not being able to close the transaction and be sued if they were to receive an offer!  Needless to say, they ended up hiring me immediately.  We sold their Mother's home in 32 days for 98+% of asking price and had the simple Amendment done to the PoA while preparing the home for market.

 

These 2 cases are just within the last 18 months!  Please take this seriously and digest the information provided on the OBA site.  

 

Or for a simple Q&A guide, read the Attorney Generals simple guide on Living Wills and PoA's here:  http://www.attorneygeneral.jus.gov.on.ca/english/family/pgt/livingwillqa.pdf

 

- Grant Anderson

"Your Trusted Advisor in Real Estate"

www.HomeWithGrant.com

www.OttawaPropertyReports.com

 

 

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Confused about the HST rebate?

Confused about the HST rebate? | HomesWithGrant Real Estate News | Scoop.it

New home buyers and owners renovating their own homes continue to be confused about the HST Rebate!

Grant Anderson's insight:

Courtesy of Mark Weisleder, Real Estate Lawyer

 

There are different rules governing this tax depending on your plan. You may be moving into the home as your primary residence, you may be renovating an existing home, or you may plan to rent it out.

 

When you buy a new home or condominium and plan to make it your primary residence, the rebate is usually included in the price. So if you paid $400,000, the real price including the tax is closer to $427,000. In your agreement with the builder, you likely agreed to transfer your rebate to him, bringing your price down to $400,000.

 

If you do not move in on closing, you will have to pay the full amount. If you decide to rent out your new home, you are still eligible for the HST rebate, under a different program, called the HST new rental residential rebate.

 

If you substantially renovated your own home and paid the contractors yourself, you may also be entitled to up to $16,000 in HST rebates.

 

In all cases, you have up to two years from closing your new home or completing your renovations to apply.

 

Figuring out what to do can be tough, says Michael Beallor of Rebate4U.ca, a company that helps homeowners collect the HST rebate. He says it can be difficult for the average person to understand what the Canada Revenue Agency needs and to deliver the documents supporting a claim for the HST rebate. Beallor does not charge a fee up front, but collects when the rebate is paid. Another company that provide the same service is Custom Business Solutions. Lawyers and accountants also provide this service.

 

Some buyers intend to move in when they buy a condominium, but when it is ready years later, their circumstances have changed and so they sell. In these cases, the CRA typically says the buyers are no longer entitled to the HST rebate.

 

But there is a way to fight that, says Toronto author and tax lawyer David Sherman.

 

Sherman says if you can show that you intended to make the house or condo your primary residence, but that circumstances changed, requiring you to sell, then you may be able to fight a reassessment. You may have relocated for work, there may have been a death in the family, or a child may have intended to use the unit for university but then was accepted at a university out of town.

 

What is very important is that you have the right documents to support your claim when dealing with the Canada Revenue Agency. You may need advice from a lawyer or accountant.

 

Speaking of rebates, my column of Feb. 28 (http://www.thestar.com/business/personal_finance/2014/02/28/ontario_land_transfer_tax_an_election_issue.html) was in part about first-time buyer rebates related to the Ontario Land Transfer Tax. Scott Blodgett with the Ministry of Finance, clarified an example used in the column which referred to a situation where a couple marry and buy a house. One spouse has already claimed the rebate but sold the home before they got married and one has never owned a house. Blodgett says the spouse who has never owned a home can still claim 100 per cent of the land transfer tax rebate, even if they do not take 100 per cent ownership of the property. This also applies to the Toronto Land transfer Tax rebate. If anyone has overpaid land transfer taxes, you have eighteen months to apply to the Ministry of Finance for an overpayment.

 

Be prepared when applying for any government rebate.

 

Mark Weisleder is a Toronto real estate lawyer.

 

For all your Real Estate questions and needs, call me any time!

 

Grant Anderson

"Your Trusted Advisor in Real Estate"

www.HomesWithGrant.com

www.OttawaPropertyReports.com

 

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Tweet from @laura_payton

Tweet from @laura_payton | HomesWithGrant Real Estate News | Scoop.it
Oh, Ottawa. @laura_payton These crazy people are waiting in line at 8am in -25 weather to get into a pub. #ottnews http://t.co/l2xk43sGgN
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The Second Chinese Corporate Default: Real Estate Developer With CNY3.5 Billion In Debt Collapses | Zero Hedge

The Second Chinese Corporate Default: Real Estate Developer With CNY3.5 Billion In Debt Collapses | Zero Hedge | HomesWithGrant Real Estate News | Scoop.it
A few days ago, copper prices and the Chinese stock market were roiled by speculation that another - the second in a row - Chinese bond default may be imminent, in the shape of Baoding Tianwei Baobian Electric (TBE) a maker of electrical equipment...
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Bank of Canada - Is our Mortgage Market Competitive?

Bank of Canada - Is our Mortgage Market Competitive? | HomesWithGrant Real Estate News | Scoop.it
The Bank of Canada is the nation's central bank. We are not a commercial bank and do not offer banking services to the public. Rather, we have responsibilities for Canada's monetary policy, bank notes, financial system, and funds management. Our principal role, as defined in the Bank of Canada Act, is "to promote the economic and financial welfare of Canada."
Grant Anderson's insight:

The fine print of this BoC paper says our Mortgage Market for consumers is competitive... IF YOU KNOW HOW TO WORK IT!  Call or write me any time to find out how.

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Allow wider driveways in Ottawa suburbs, report recommends

Allow wider driveways in Ottawa suburbs, report recommends | HomesWithGrant Real Estate News | Scoop.it
Councillors on Ottawa's planning committee will next week consider a proposal to allow suburban homeowners to widen their driveways.
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5 ways travel has changed (for the better) through mobile technology

5 ways travel has changed (for the better) through mobile technology | HomesWithGrant Real Estate News | Scoop.it
Technologies making travel simpler and more streamlined.
Grant Anderson's insight:

Seeing this have a similar effect in the trade of Real Estate!

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Investors bet Italy will avert crisis

Investors bet Italy will avert crisis | HomesWithGrant Real Estate News | Scoop.it
Read full story for latest details.

Via Lets-Talk-Finance
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Tax Tip for Cottage Sale

Tax Tip for Cottage Sale | HomesWithGrant Real Estate News | Scoop.it
Grant Anderson's insight:

Tax tips for cottage sales

 

If a client wants to keep her cottage in the family, she should consider claiming the principal residence exemption when she transfers or sells the property to family members. This way, she’ll be able to pass the property tax-free. This applies whether the cottage is transferred, sold or even deemed sold upon death.

 

If she doesn’t use the exemption, she could face significant capital gains tax if the property appreciated in value, says Jamie Golombek, managing director of Tax and Estate Planning with CIBC Wealth Advisory Services.

 

For a cottage to be considered a principal residence, he adds, “it doesn’t have to be the place you principally live. It just has to be a place you live in ordinarily at some point during the year. So you could say your vacation property is your principal residence for tax purposes, even if you only spend a few months there.”

 

Still, many people who own cottages also own houses in cities. That means they have to decide whether to use the tax exemption on the eventual sale of the cottage and house.

 

Before your client claims the exemption on the sale of her cottage, she also needs to consider a number of factors. These include “the gain [or loss] on each property, the potential for a future increase or even decrease in the value of the unsold propert[ies], and how long [she’s] going to hold” each.

 

An illustration on how a client can use the exemption: say she has two properties she bought in 2000. One of them she’ll sell in 2014 and the other she’ll sell in 2018. Both of them have gains, so she’ll have to decide whether to claim the principal residence exemption this year.

 

He adds, “If you don’t report the [first property’s] gain, you’re deemed to have reported the exemption and you pay no tax. Then, when you sell your second property in 2018, you’ll effectively have had 14 years of dual ownership (2000 to 2014). So when you sell the second property, it would have 14 years of gains and four tax-free years.”

 

Clients can also use life insurance to cover the cost of property-related taxes upon death. “There’s a deemed disposition at fair market value and that can give rise to capital gains tax, even if you don’t sell the property,” says Golombek. “Permanent life insurance can be a very inexpensive way of ensuring that the tax liability gets paid with tax-free death benefit proceeds.”

 

In fact, this option can be cheaper and less complicated than other strategies, such as using a trust to own properties (Read: Beware the 21-year rule)

 

However, clients who have vacation homes in the U.S. must seek advice from a cross-border tax and estate-planning expert, he says, since U.S. and Canadian estate rules different.  

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Water heater on title

Water heater on title | HomesWithGrant Real Estate News | Scoop.it
Grant Anderson's insight:

Water Heater Rental?  Or on Title?  Beware...

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Forget the Facebook phone, make free calls via WiFi and Messenger on iOS ... - ZDNet

Forget the Facebook phone, make free calls via WiFi and Messenger on iOS ... - ZDNet | HomesWithGrant Real Estate News | Scoop.it
“ ZDNet Forget the Facebook phone, make free calls via WiFi and Messenger on iOS ... ZDNet A couple days ago Facebook held an event where speculation was that they would announce a "Facebook phone".”
Via Rami Kantari, sygoh168
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Philippe Trebaul's curator insight, March 3, 2013 1:41 AM
Poster sur:    TOUT SUR FACEBOOK AVEC PHILIPPE TREBAUL SUR SCOOP.IT  TOUS DE GOOGLE PLUS AVEC PHILIPPE TREBAUL SUR SCOOP.IT  Architecture et Urbanisme - Construction Grands Projets de Paris et IDF  REJOIGNEZ-NOUS ET SCOOP.IT Suivez-moi sur SCOOP.IT  MONSTER.FR AVEC PHILIPPE TREBAUL  OPTIMISEUR PRÉSENCE SUR SA LIÉ DANS LA VIA SCOOP.IT ET PHILIPPE TREBAUL  Personal Branding et réseaux professionnels  Philippe TREBAUL sur SCOOP.IT - @ TREBAULPhilippe - MAJORS DE LA FILIERE BTP - WWW. COPTOS.COM  Quel Grand Paris?  Référencement et d'optimisation RANKING  START-UP et Réseaux sociaux - RÉSEAUX START-UP ET SOCIAL - @ TREBAULPhilippe  START-UP ET PROFESSIONNELS Réseaux sociaux - démarrage et réseaux sociaux professionnels - @ TREBAULPhilippe  SOLUTIONS D'IMPRESSION TECHNOLOGIQUES  WEB POUR IMPRIMER AVEC Coptos - www.coptos.com - 01 41 17 40 40 - ISSY-LES-MOULINEAUX   
Oubliez le téléphone Facebook, faire des appels gratuits via le WiFi et Messenger sur iOS ... - ZDNet

ZDNet 
"Oubliez le téléphone Facebook, faire des appels gratuits via le WiFi et Messenger sur iOS ... 
ZDNet 
il ya quelques jours Facebook a organisé un événement où la spéculation était qu'ils annoncent un "téléphone Facebook".

Forget the Facebook phone, make free calls via WiFi and Messenger on iOS ... - ZDNet via @Ramikantari http://sco.lt/...



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eWaste Recycling Event in Ottawa April 24th, 2014 @ ROGERS Data Centres

eWaste Recycling Event in Ottawa April 24th, 2014 @ ROGERS Data Centres | HomesWithGrant Real Estate News | Scoop.it

A list of ROGERS Data Centres eWaste events taking place this year.

Grant Anderson's insight:

Kudos to Rogers and Artex for hosting these Free e-Waste Recycling events.  Bring your old Laptops, Cell Phones, that VCR collecting dust on top of your old TV (bring the TV too!) and recycle them responsibly April 24th!  To see more info, find the event poster here:  http://www.granite-networks.ca/events/ewaste/Posters-Ottawa.pdf

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The 20 hottest real estate spots in the world

The 20 hottest real estate spots in the world | HomesWithGrant Real Estate News | Scoop.it
It's safe to say we’re in the midst of a global real estate bull market. According to the Knight Frank Global House Price Index, the value of homes internationally rose…
Grant Anderson's insight:

Hence the reason I joined a Global Real Estate Network last year.  I am seeing keen interest in Global Real Estate where Canadian Buyer's are looking for deals abroad.  Contact me any time for access to my network of 500K+ Agents world-wide fluent in 19 different languages  working with 55 different currencies!

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How the 'Seinfeld Strategy' Can Help You Stop Procrastinating

How the 'Seinfeld Strategy' Can Help You Stop Procrastinating | HomesWithGrant Real Estate News | Scoop.it
We look at one of the great comedian's secrets behind his remarkable productivity and consistency.
Grant Anderson's insight:

Brilliant...  Parallels what Gary Keller writes in his book "The One Thing".   A must read!

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Canadian Home Price Index - What is happening in YOUR Neighbourhood?

Canadian Home Price Index - What is happening in YOUR Neighbourhood? | HomesWithGrant Real Estate News | Scoop.it
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Grant Anderson's curator insight, March 11, 2014 11:59 AM

The MLS® Home Price Index (HPI) comprises a set of software tools configured to provide time-related indices on residential markets within territories of participating real estate boards in Canada. 

 

The MLS® HPI is the best and purest way of determining price trends in the housing market. It was pioneered by six founding partners: the real estate boards of Calgary, Fraser Valley, Greater Montreal, Greater Vancouver, and Greater Toronto and the Canadian Real Estate Association. In 2009, the partners contracted with Altus Group to develop the MLS® HPI, which subsequently launched in February 2012.

 

Since its founding, CREA’s Home Price Index has grown to include data from Regina, Saskatoon, Ottawa, Vancouver Island and Victoria.

 

The 10 real estate boards participating in the MLS® HPI represent 51.7% of all Canadian resale housing activity, based on the 10-year average of annual sales from 2003-2012.

 

The HPI breaks down pricing by property class (Apartment, Townhome, 2 Story, etc.) and neighbourhood in all the markets it services including Ottawa.  See the image for a top-level look at all the major Canadian Markets.

 

For more information about the MLS® HPI and to receive a report on what Home Prices are doing in your Neighbourhood, contact me any time!

 

Grant Anderson

"Your Trusted Advisor in Real Estate"

mailto:grant@homeswithgrant.com

www.HomesWithGrant.com

www.OttawaPropertyReports.com

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Bitcoin and real estate: bump in the road or end of the line? | Inman News

Bitcoin and real estate: bump in the road or end of the line? | Inman News | HomesWithGrant Real Estate News | Scoop.it
It was only last month we posited that Bitcoin at some point could become a standard and accepted currency to use in real estate transactions!
Grant Anderson's insight:

Bit.lame.  International Money Markets will never allow a virtual currency to survive...  Unfortunately.

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Canadian Home Price Index - What is happening in YOUR Neighbourhood?

Canadian Home Price Index - What is happening in YOUR Neighbourhood? | HomesWithGrant Real Estate News | Scoop.it
Grant Anderson's insight:

The MLS® Home Price Index (HPI) comprises a set of software tools configured to provide time-related indices on residential markets within territories of participating real estate boards in Canada. 

 

The MLS® HPI is the best and purest way of determining price trends in the housing market. It was pioneered by six founding partners: the real estate boards of Calgary, Fraser Valley, Greater Montreal, Greater Vancouver, and Greater Toronto and the Canadian Real Estate Association. In 2009, the partners contracted with Altus Group to develop the MLS® HPI, which subsequently launched in February 2012.

 

Since its founding, CREA’s Home Price Index has grown to include data from Regina, Saskatoon, Ottawa, Vancouver Island and Victoria.

 

The 10 real estate boards participating in the MLS® HPI represent 51.7% of all Canadian resale housing activity, based on the 10-year average of annual sales from 2003-2012.

 

The HPI breaks down pricing by property class (Apartment, Townhome, 2 Story, etc.) and neighbourhood in all the markets it services including Ottawa.  See the image for a top-level look at all the major Canadian Markets.

 

For more information about the MLS® HPI and to receive a report on what Home Prices are doing in your Neighbourhood, contact me any time!

 

Grant Anderson

"Your Trusted Advisor in Real Estate"

mailto:grant@homeswithgrant.com

www.HomesWithGrant.com

www.OttawaPropertyReports.com

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Are you tired or frustrated with searching for your next home

Are you tired or frustrated with searching for your next home | HomesWithGrant Real Estate News | Scoop.it
Grant Anderson's insight:

Let my experience and expertise be your guide!  Whether you are looking for new build, custom, resale, condo, commercial or just raw land, I can help!

 

I have access to today's hottest listings...  Often 48hrs before the general public is notified they are on market.  I have helped many Buyer's find their "dream home".  With the shifting market we are currently in, let an expert negotiator help you determine the best strategy and price to secure your next home.

 

Fill out my quick online form to start getting Search results targeted to your needs today:  http://www.homeswithgrant.com/dream_home_finder.asp

 

Your Trusted Advisor in Real Estate

 

- Grant Anderson

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