Buying, selling, or refinancing a property in Canada involves much more than simply agreeing on a price. Every real estate transaction requires legal documents, verifications, compliance with legal obligations, and specific procedures to ensure the transaction is completed properly. In British Columbia, working with a real estate lawyer can help you understand your legal obligations,[Read More]
Closing Costs When Buying a Home in BC: Legal Fees, Taxes and Other Expenses
Buying a home in British Columbia involves more than saving for a down payment. Buyers must also budget for closing costs, which can include property transfer taxes, legal fees, disbursements, inspection fees, title-related expenses and other charges associated with completing the transaction. Understanding these expenses before making an offer can help you prepare a realistic[Read More]
Buying a Home in British Columbia: The Legal Process Explained
Buying a home in British Columbia involves more than finding the right property and securing a mortgage. Understanding the legal process, reviewing the property’s title, preparing closing documents, and budgeting for taxes and other expenses can help you avoid complications and protect your investment. A real estate lawyer or qualified notary public can coordinate the[Read More]
New Land Owner Transparency Registry in Force Beginning on November 30, 2020
Now for any application to register or transfer an interest under the Land Title Act, a “transparency declaration” must be filed, otherwise, the Registrar of Land Titles will decline to register or transfer.
New Commercial Rent Relief Program for Businesses Impacted by COVID-19
New Commercial Rent Relief program announced Oct 9 by the Department of Finance Canada, the “Canada Emergency Rent Subsidy” (CERS) for rent and mortgage support for organizations affected by COVID-19.
Tax Tips for Foreign Purchasers Buying Property in Canada
When investing in Canadian real estate, there are important tax implications if you are a foreign buyer that should factor into your decision and how you structure the purchase.
BC Property Transfer Tax and Exemptions
Property transfer tax is often the largest closing cost when you buy a home in BC. Plan ahead for it and consider eligibility for exemptions.
Buying a home? Here’s how a conveyance lawyer will help
Buying a home is exciting – but the process can feel overwhelming. An experienced real estate conveyance lawyer can reduce your stress and ensure your purchase goes smoothly.