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Notary Public North Vancouver (Lonsdale)
Notary Public West Vancouver

Blog

Mortgage Rates
Jan 14, 2022

What’s Going on with Rates?

Fixed mortgage rates have increased between .50% to .60% over the last couple of weeks. This is largely due to the Bank of Canada ending quantitative easing (QE). QE was a stimulus program that was introduced at the start of the pandemic to pump money into the economy. What it also did was artificially lower the bond prices and by extension the fixed mortgage rates. Taking away the stimulus rai…

Dec 31, 2021

Real estate in B.C.

Learn about real estate in B.C.: buying and selling property, real estate consultations, and regulations for real estate services, real estate development marketing and pre-sale strata.Buying & selling propertyReal estate consultationsCondo and Strata Assignment Integrity RegisterLand Owner Transparency RegistryRead More…

FINTRAC guidance
Dec 14, 2021

FINTRAC recent updates and requirements

FINTRAC guidance related to the Ministerial Directive on Financial Transactions Associated with the Islamic Republic of Iran issued on July 25, 2020September 2021This guidance is related to the Ministerial Directive (MD) issued by the Minister of Finance that was published in the Canada Gazette and came into force on July 25, 2020.This guidance will answer the following questions:…

Nov 30, 2021

Indigenous housing

The Province of British Columbia, working with BC Housing, delivers a wide range of Indigenous housing, programs and services for Indigenous youth, singles, families, women and children fleeing violence, seniors, elders, and those experiencing homelessness.  The Province of British Columbia is committed to reconciliation with Indigenous Peoples. As part of this commitment, the Province…

Nov 14, 2021

Owning a home in BC

In British Columbia, about 70% of households own their own homes. For many British Columbians, owning a home is an important investment towards financial security, wealth generation and retirement savings.Annual property taxesHomeowners in B.C. pay annual property taxes. Learn more about the annual property tax.Speculation and Vacancy TaxAll residential property owners…

strata
Oct 31, 2021

Living in a strata

Strata living is a popular choice in B.C. In fact more than 1.5 million people live in stratas in B.C. Living in strata housing has unique roles and responsibilities; it is not the same as renting an apartment or owning a home which is not part of a strata corporation.Strata legislation applies to all stratasStrata living requires owners and residents to follow the Strata Prop…

Newly built home exemption
Oct 14, 2021

Newly built home exemption frequently asked questions

What sources can a transferee use to determine whether a house is “new” or not?Information sources that can be used to determine whether the property qualifies as “new” under the Newly Built Home Exemption include, but are not limited to:The vendor: the information is included as part of the contract of purchase and saleLTSA: a title search shows that the application with the land title…

What’s new in speculation and vacancy tax
Sep 30, 2021

What’s new in speculation and vacancy tax

Updates to speculation and vacancy tax information are posted here.Read the most recent update below.Latest updatesApril 20, 2021The provincial government announced its 2021 Budget on April 20, 2021. As a result, amendments to the speculation and vacancy tax were made. Learn more at B.C. provincial budget tax changes.April 9, 2021The speculation and vacancy tax webs…

Land Owner Transparency Act Consultation
Sep 14, 2021

Land Owner Transparency Act Consultation

As part of its 30-Point Plan for Housing Affordability (PDF), the B.C. government is taking steps to end the hidden ownership of real estate to make sure people are paying their fair share of taxes.Currently in B.C., people can hide their ownership behind numbered companies, offshore and domestic trusts, and corporations. This makes enforcement difficult.To improve tax agencies’ ab…

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