Updates

Good evening, you are receiving this as a past client of Spagnuolo LLP. There are a few legal topics that may be of interest to you, the first being mortgage fraud. For years, houses have been sold by someone impersonating the true owner and mortgages have been placed on properties without...

It appears our last email regarding mortgage fraud hit a nerve, as it was one of the most read and replied to emails we have ever sent. We have added https://bcrealestatelawyers.com/knowledge-centre/legal-issues-faqs/mortgage-fraud-protection/  to our website. This page expands upon mortgage...

Good morning everyone, I was going to update you on our SWOT analysis, or even the foreign buyer ban, but it seems everyone is talking about mortgage fraud. Houses have been sold by someone impersonating the true owner and mortgages have been placed properties without the owner knowing about...

Good morning and Happy New Year from the Spags office. As we look forward to 2023, we plan to expand our content offerings via email and social media to educate our referral partners. Our goal is to be your go-to resource for real estate issues and provide intangible value to your business. In...

Good afternoon everyone, hope you are staying warm! The federal ban on foreign buyers starts on Jan. 1, 2023, and the regulations were finally published yesterday. We have spent a few hours on them but still have more questions than answers such as: What cities/areas does the ban apply –...

Good morning everyone, a few updates for you: Federal ban on foreign buyers – many articles suggest resort areas such as Whistler will be exempt, but the regulations are not yet out. As soon as they are, I will try to update you all. Residential property flipping rule - The proposed...

September 2022 You likely have heard of David Eby's proposed changes for real estate in British Columbia.  Not sure why he could not have done this as housing minister but politics is politics I guess. What you may not have heard is that there is upcoming ban on foreign buyers purchasing...

A couple of recent articles in the Vancouver Sun caught my attention. The first article, published on May 27, can be found at More than $1m to remove racist language in West Van covenants: Report | Vancouver Sun  - ...

This is a follow up to our last email regarding a development in Maple Ridge that has a price escalation clause.  A number of you had follow up questions and I do not have time to return each question.  Below is a summary of the questions along with my answers.     Is this...

Re: Price Adjustment Clause in Pre-Sale Contract For all those involved in helping clients purchase new strata units, we have recently seen a price adjustment clause in the pre-sale contract. Without getting into all of the details, if the Building Constructing Pricing Index rises by more than...