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Keep in mind BC’s leaky condo crisis, and discover whether there have been previous problems with water ingression in the building envelope, and whether it has been professionally remediated. Ask whether major maintenance work is required in the future (eg. replacing the roof, balconies, re-plumbing, etc.). Look into whether any legal action against the building or strata is in progress…

February 18, 2014BC Notaries are pleased that the Provincial government has recognized the high cost of home ownership in BC for first time buyers, and made it a little bit easier to enter the housing market.In the BC budget released today, Finance Minister Mike DeJong announced that more first-time home buyers will pay less property transfer tax. The government has increased the value of hom…

While ensuring one’s preferences are known and respected should be the primary motivator for advance care planning, it has social benefits as well.  Healthcare budgets are escalating and healthcare providers are often overworked and under-staffed. With baby boomers approaching a stage in life when they are more likely to need care, the squeeze on resources will inevitably increase.“Advance care…

April 16 is Advance Care Planning Day – Only 30% of B.C. Adults Have Legal Instructions for Healthcare Decision-making if Unable to Speak for ThemselvesFor Immediate ReleaseApril 15, 2014Vancouver, BC—This Wednesday April 16 is Advance Care Planning Day across Canada, and the Society of Notaries Public is encouraging British Columbians, especially baby boomers, to take charge of their own h…

Advance Care Planning:  What You Should KnowWhat are they key steps in Advance Care Planning?The process of considering and documenting your healthcare preferences is called advance care planning.  Everyone should have a plan, which could include:A discussion with those likely to be there when your need arises (family, caregiver, physician, close friends).A statement of expressed wishes f…

At the beginning of this month, Canada Mortgage and Housing Corporation (CMHC) increased its homeowner mortgage loan insurance premiums. The increase applies to mortgage loan insurance premiums for owner-occupied, self-employed, and 1-to-4 unit rental properties, including low-ratio refinance premiums. According to CMHC, on average that will result in a $5 increase in owners’ monthly mortgage pay…

When making an offer on a home, include subjects (requirements that must be met to proceed with the purchase) and realistic time frames that will allow you to ensure you have financing in place, have the home inspected, and have time to review strata council meeting minutes, if applicable.When making an offer on a home, include subjects (requirements that must be met to proceed with the purchas…

BC Notaries First-Time Home Buyers Tips for Busy Spring Market 2014 Spring Real Estate Market Stronger Than Last YearFOR IMMEDIATE RELEASE                                         &nb…

Regardless of the type of document being kept safeguarded in Canada while on vacation, it is crucial that one’s trusted Representative can get them, if needed. If the documents are safe at home, make sure someone has a key and knows where to find them. If they are in a safe, the Executor or Attorney will need the combination or key. As a service, some Notaries will store these documents for clien…