Updates

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 website at BC Budget...

The BC NDP Government has been active to start 2024. Last week, the provincial budget was tabled, and a couple big changes are coming to the real estate market. Updates to the Property Transfer Tax (PTT) Framework The 2024 provincial budget the BC Government is making three significant...

Real Estate (Non)Disclosure Gone Wrong Stigmatized properties create risks for home buyers, even if the risks aren’t what you might expect! This story out of Ontario highlights how important disclosure is and the pitfalls if it’s not done properly. Recently, a Toronto Raptors player...

Re:  Videos on Spags Website   Good morning, my team has finally convinced me to resume our videos.  Our website (www.bcrealestatelawyers.com) currently has information on Property Transfer Tax, Goods and Services Tax, Stigmatized Properties, Title Insurance and a few other topics, but...

Re: Bye Bye Video Appointments   Good day everyone, just a reminder that as of the end of day today we are no longer allowed to meet clients using video technology, except in very limited situations. If your clients are out of town, they will either need to get here and meet us in...

Effective September 30, 2023, LTSA's COVID-related remote witnessing measures will be retired, in line with the removal of province-wide COVID restrictions.  Lawyers and Notaries will no longer be able to use video technology (Zoom, Microsoft Teams, etc.) to witness signatures for land title...

For the realtors in our database who are receiving this email, you really need to pay attention to the latest issue of Legally Speaking (#561).  The article deals with climate change, and the lawyer who wrote the article states, and I quote: Now more than ever, reviewing charges on title to...

Re: Things are happening at Spagnuolo LLP Good morning, just a heads up that we have two big changes over the next week or so. First, we are excited to announce the return of Brian Kaminski, a senior corporate lawyer, to our firm. Brian has over 20 years of corporate experience and will be a...

I know you all have this day circled in your calendars, for it is Be Kind To Your Lawyer Day.  I just added Spagnuolo in there.  Yup, it is true, a day set aside for your favourite lawyer, which better be me and my team. On a more serious note, we have updated our Mortgage Fraud FAQ’s in our...

Earlier this week, the Government of Canada announced a series of amendments to the Foreign Buyer Ban. These amendments expand the exceptions to the regulations, are effective immediately, as of March 27, 2023, and are as follows: The Foreign Buyer Ban no longer applies to work permit holders....