Touchstone Law Group LLP

MAR

2018

Farewell to the British Columbia Home Owner Mortgage and Equity Partnership Program

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The British Columbia Home Owner Mortgage and Equity Partnership Program (the “BCHP”) was introduced in December 2016. On February 20, 2018, the government of British Columbia announced that the BCHP will be eliminated. The BCHP is a program that offers financial support to...

FEB

2018

Property Transfer Tax Changes – Additional Property Transfer Tax

Posted By : Touchstone Law Group LLP

Tags : Real Estate

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If you are a non-resident of Canada looking at purchasing property in the Regional District of Central Okanagan (“CORD”), the changes to Property Transfer Tax announced by the government of British Columbia on February 20, 2018 will be of particular importance. As of February 21,...

FEB

2018

Introduction to Probate Fees

Posted By : Touchstone Law Group LLP

Tags : Estates & Trusts, Wills

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In most circumstances, a grant of probate (or administration) from the Supreme Court of British Columbia will be required to distribute your estate. The Probate Fee Act of British Columbia requires the payment of a “probate fee” if the value of the estate exceeds $25,000. In this...

FEB

2018

Closing vs. Possession Date

Posted By : Touchstone Law Group LLP

Tags : Real Estate

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When you purchase a new home or sell your existing home, there are various dates that are important in the process including the closing date (also known as the completion date) and the possession date which are both discussed in this article. We regularly get asked questions...

JAN

2018

Adjusting for Property Taxes

Posted By : Touchstone Law Group LLP

Tags : Real Estate

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In most cases in our area, property taxes are payable to the applicable taxation authority (City, District, Municipality, etc.) in the middle of the year (on the specified date for each jurisdiction) for the entire calendar year. For example, property taxes payable in July 2018...

JAN

2018

New Mortgage Rules

Posted By : Touchstone Law Group LLP

Tags : Real Estate

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On January 1, 2018, new mortgage rules were introduced by the federal government that will affect many potential home buyers. Would-be home buyers with a down payment of 20% or more will now be subject to additional qualifying criteria. Also known as a “stress test”, home buyers...

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Our Law Blog

Farewell to the British Columbia Home Owner Mortgage and Equity Partnership Program

Property Transfer Tax Changes – Additional Property Transfer Tax

Introduction to Probate Fees

Closing vs. Possession Date

Adjusting for Property Taxes

New Mortgage Rules

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