Tag

Real Estate

FEB

2023

What is Title Insurance?

Guest blog article provided by Stewart Title Guaranty Company With heightened attention on title fraud lately, understanding the benefits and coverages of title insurance can help protect your most valuable asset – your home. Title insurance can protect against many losses...

JAN

2023

Market Madness: Foreign Home Buyer Ban

As of January 1, 2023, the federal government of Canada has enacted the Prohibition on the Purchase of Residential Property by Non-Canadians Act (the “Act”), often referred to more commonly as the “foreign home buyer ban”, or similar. The ban prohibits non-Canadians from...

JAN

2023

BC’s 3 Day Cooling Off Period

It’s Getting Hot in Here – So here’s three days to cool off! The 2023 real estate market has started with a bang, but not in the normal sense. With a shift in the general market dynamics due to increased interest rates, slowing sales and lowering prices, buyers and sellers...

AUG

2022

House Insurance and Fire Season

With fire season upon us, a reminder on the importance of insurance considerations in real estate transactions is timely. The best advice we can provide is to speak with a knowledgeable insurance broker early in the process so that you can have peace of mind as you move...

JUN

2022

Title to Property in British Columbia

In our real estate practice, we frequently get asked by our clients when they will receive the “title deed” or “title” to their property. Historically, a title deed was a much more specific, one-of-a-kind document that required safe keeping. With the implementation of...

APR

2022

What are closing costs?

As you work through the process of purchasing a home, you will often hear references to the term “closing costs” or something similar in nature. That terminology is intended to refer to the costs that a party needs to consider, in addition to their down payment funds, when...

APR

2022

Fixed Rate Mortgages vs. Variable Rate Mortgages

When considering a mortgage borrowers have multiple options including the term, differing interest rates, and payment frequency. These options should be considered carefully, and a mortgage selected based on the priorities and preferences of the borrower. Particularly...

MAR

2022

Real Estate Transactions and Utilities

When purchasing or selling a property there are some important considerations with respect to utility accounts (water/sewer/electricity/gas/telecommunications) that the buyers and sellers, as well as their legal representatives, will need to consider. In many cases the seller’s...

FEB

2022

Strata Properties – Parking Stalls

The ownership and the right to use of parking stalls in the context of strata property ownership can be confusing for purchasers. A parking stall may be a constituent part of the strata lot that is automatically transferred with the title to the strata lot. In some cases, a...

FEB

2022

Speculation Tax

It is that time of year again! For properties located in areas subject to the BC Speculation and Vacancy Tax, declarations for the period ending on December 31, 2021 are due prior to March 31, 2022. Notifications have been mailed to property owners and will include...

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Tag

What is Title Insurance?

Market Madness: Foreign Home Buyer Ban

BC’s 3 Day Cooling Off Period

House Insurance and Fire Season

Title to Property in British Columbia

What are closing costs?

Fixed Rate Mortgages vs. Variable Rate Mortgages

Real Estate Transactions and Utilities

Strata Properties – Parking Stalls

Speculation Tax

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