Tag

Real Estate

APR

2024

Name Change…..Now What?

You have legally changed your name and you have a shiny new driver’s licence to prove it. But wait, you own property, and it is in your former name. What should you do? We can assist with updating your name on the title of your property. We would prepare a Land Title...

NOV

2023

Bare Trusts and the new reporting rules

“THIS JUST IN – OKANAGAN RESIDENT BARES ALL!” The Bare Necessities A bare trust (aka naked trust) is a type of trust that separates the legal and beneficial ownership of a property. It is sometimes referred to as a principal-agent relationship. The legal owner, also...

NOV

2023

Short-term rental restrictions coming down the pipe?

This past week, the Province of British Columbia proposed restrictions on short-term rentals through the Short-Term Rental Accommodations Act. These restrictions will most certainly present some significant changes in areas such as the Okanagan where a large number of...

OCT

2023

Purchasing a Strata Unit: Buyer Considerations

Strata properties have become more and more popular with the move in many areas to increased density. These types of properties often give property owners the benefit of limited repair and maintenance work and may also give access to amenities that a single family home...

SEP

2023

Property Transfer Tax | The price of moving in beautiful British Columbia

The year is 1987 and the Bangles’ “Walk Like An Egyptian” is the top hit on the Billboard 100. This just so happens to be the same year that Premier Vander Zalm introduces the Property Purchase Tax, now known as Property Transfer Tax (“PTT”). You’ve purchased a home and/or...

SEP

2023

Covenants

Under section 219 of the Land Title Act in British Columbia, a covenant can be registered against title to a property for the benefit of the Crown, a Crown corporation or agency, municipality, regional district and a few other specified bodies. These instruments are useful...

JUL

2023

Land Title Office – Remote Signing Phase Out

Through the COVID-19 pandemic, the Land Title Office introduced remote signing options which assisted in situations where a party was unable to sign with a lawyer or notary in person for reasons related to COVID-19. The Land Title Office has recently announced that those remote...

APR

2023

Signing Closing Documents on a Real Estate Transaction

We frequently get asked if a party can sign their closing documents on a transaction electronically. Generally, the answer is “no”, with some exceptions. On a sale of property requiring a transfer in the Land Title Office, the transferor’s signature must be completed...

APR

2023

Underused Housing Tax

The underused housing tax (UHT) came into effect January 1, 2022, and is an annual tax intended to apply to vacant or underused housing. It generally applies to non-resident, non-Canadian owners. A filing needs to be completed for each of your properties when all of the...

MAR

2023

Don’t Forget Your Specs! No, Not Glasses, Taxes!

It is nearly the end of March which, for many BC residents, means two things: your crocuses are popping up, and your BC Speculation and Vacancy Tax declarations for the period ending on December 31, 2022 are due (deadline is March 31, 2023). If you’re living in the Capital...

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Tag

Name Change…..Now What?

Bare Trusts and the new reporting rules

Short-term rental restrictions coming down the pipe?

Purchasing a Strata Unit: Buyer Considerations

Property Transfer Tax | The price of moving in beautiful British Columbia

Covenants

Land Title Office – Remote Signing Phase Out

Signing Closing Documents on a Real Estate Transaction

Underused Housing Tax

Don’t Forget Your Specs! No, Not Glasses, Taxes!

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