Buying real estate is one of the biggest financial decisions you’ll ever make. Whether it’s your first home or an investment property, conducting proper due diligence is essential. In Vancouver’s fast-paced housing market, skipping important steps can lead to legal or financial trouble later on.
This guide will walk you through how to do due diligence in real estate transactions, what it inv…
Buying or selling a property is a major step, and understanding the documents involved in the process can help make it smoother. Whether you are a first-time homebuyer or a seasoned investor, knowing what to expect in terms of paperwork ensures you are fully prepared for every stage of your real estate transaction. In this article, we’ll break down the key documents involved in conveyancing and…
Buying or selling a property is one of the most significant financial transactions you’ll make. However, mistakes in the conveyancing process can lead to delays, financial losses, or even legal disputes. Whether you’re a first-time buyer or an experienced investor, understanding these common pitfalls can help you avoid costly setbacks.
1. Not Reviewing the Contract Carefully
Real estate c…
The BC Home Flipping Tax, set to take effect on January 1, 2025, is a significant change for property sellers in British Columbia. Designed to curb speculative real estate transactions, this tax targets short-term property ownership. As a notary public, I can help you navigate this new tax regulation, ensuring your real estate transactions comply with the latest laws.
What Is the BC Home Fli…
When buying or selling property in North Vancouver, conveyancing plays a crucial role in ensuring the legal transfer of ownership. Whether you’re a first-time buyer or a seasoned investor, understanding the basics of conveyancing can help you navigate the process with confidence. In this guide, we’ll break down the key steps involved in conveyancing and explain how a notary public can assist yo…
Recent amendments to British Columbia’s Property Law Act and Land Title Act are breaking down barriers for First Nations in land registration. Effective May 21, 2024, these changes allow First Nations to register land directly in their own names—just like individuals and corporations—without needing proxies like development corporations.
Key Changes
First Nations can now acquire, hold, a…
In September 2024, the Canadian government introduced major mortgage reforms to help more Canadians, especially Millennials and Gen Z, achieve homeownership. These changes, effective December 15, 2024, aim to lower mortgage costs and increase access to home loans.
Key Changes:
Increased Insured Mortgage Cap: The limit for insured mortgages will rise from $1 million to $1.5 million, allow…
As a homeowner in British Columbia, you’re likely familiar with property taxes. But did you know there’s a program that can help you reduce your bill significantly? The B.C. homeowner grant offers valuable property tax relief for qualified residents.
Here’s what you need to know about the homeowner grant:
Eligibility: The grant is available to homeowners who use their property as a princ…
British Columbia recently implemented changes to the Residential Tenancy Act, impacting notice periods for tenants when a property is sold. While this aims to protect renters, it also presents unforeseen challenges for homebuyers, particularly those relying on mortgage financing. Here’s a breakdown of the new rules and how they affect both buyers and sellers:
Changes to Notice Periods:
E…
