Real Estate Purchases and Sales

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’ abil…

You know that housing markets are extremely strong within British Columbia and across the country. In most respects, Landcor’s numbers for 2021-Q2 behaved as you and I might have expected – they were phenomenal. There was one small surprise: I had been expecting sales to be at an all-time high, but they were the second highest ever (48,726 residential sales for 2021-Q2 didn’t reach the record of…

BC Notaries Offer 10 Essential Tips for Strata Property BuyersStrata Property Purchases Rising due to First-time Buyers and Empty NestersFor Immediate Release                                        &n…

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…