Updates

Good morning, our final email of the summer, and much like last one, it deals with covenants on title. Another article appeared in the Vancouver Sun yesterday regarding covenants on title -  Neighbours clash as Coquitlam land assembly blocked by 1960s covenant | Vancouver Sun. This article is...

Great article on front page of Vancouver Sun today - https://vancouversun.com/news/prospective-buyer-burnaby-home-multi-unit-property-hitch. A seller wants to sell their home in Burnaby. A Buyer wants the home to build a multi unit building. No problem right? Wrong - there is a building...

Good news, no video of me today! In other news, Land Use Contracts are no longer relevant. If you see them on a title search you can disregard them. What about other non-financial charges on title you ask? That is where Terra Firma Title Review (terrafirmareview.com) comes into play. ...

Considerations When Purchasing a Pre-Sale Home Buying a home that does not complete for some time has some unique considerations. Who is the developer and what is their track record? When is closing?  May I assign the unit prior to closing, either with or without penalty?  What if there are...

Good morning! We are finally updating our video page on our website and our YouTube Channel. I totally forgot we even had a YouTube Channel. Starting off slow, our first video is a simple one - joint tenancy vs. tenants in common. Should be straightforward for your clients to understand, and...

Yes - another tax. Last announcement dealt with changes to capital gains tax. This one deals with the British Columbia Home Flipping Tax. We have updated our Knowledge Centre, check out BC Home Flipping Tax - B.C. Real Estate Lawyers (bcrealestatelawyers.com). Hopefully no more real estate...

May 1, 2024 Capital Gains Increase Coming You probably know the rate of tax payable on capital gains is increasing as of June 25, 2024. What you may not know is that some clients may want to trigger the capital gains now, rather than wait until after June 25.  Some elderly clients may...

April 3, 2024 A bit of a sales pitch here, but we recently conducted a SWOT analysis and asked many of you for feedback. One of the many replies was that you would like to send us more files, but the Coquitlam office is not convenient for many of your clients. While our head office is located in...

March 18, 2024 Real Estate Fraud An article in the Financial Post (Homeowners, realtors should take steps to protect against title fraud: experts | Financial Post) advises people to take title insurance to protect themselves against fraud. While title insurance will pay out in the event of...

March 13, 2024 It has been a couple weeks since the BC Budget was tabled, and while not all details are known, there is a bit more clarity. This email will answer our most frequently asked questions. More information (and answers to other less frequently asked questions) can be found an our...