When purchasing or selling a property, most real estate purchasers are aware that they must pay Property Transfer Tax – which is a tax levied by the provincial government for the transfer of land from one party to another. But what some purchasers do not know is that they may also be required to pay … Read post
Completion Date, Possession Date, and Adjustment Date are all terms used in the real estate industry. They may seem similar, but there are some differences between them. The completion date is the date which the property is legally transferred to the buyer. The possession date is the date which the buyer can move in and … Read post
When it comes to buying a home, there are a lot of expenses to factor in – from the down payment and mortgage to home insurance and property taxes. In some provinces, such as British Columbia, buyers also have to pay property transfer tax (PTT). To help you understand this important expense, we’ve put together … Read post
When two or more people own property together, they can do so either as joint tenants or tenants in common. There are key differences between the two arrangements that you should be aware of before deciding which one is right for you. What Does it Mean to Own Property as Joint Tenants? With joint tenancy, … Read post
As part of the due diligence process when purchasing a property, your conveyancer or real estate lawyer will complete a title search to identify the charges registered against the property. There are generally two types of charges: financial and non-financial charges. It is important to understand how any charges registered on a property may affect … Read post
Buying a home is a significant investment, and the deposit is one of the most important aspects of the purchase. A deposit is a sum of money paid by the buyer to show their commitment to the purchase, and it is usually a percentage of the total price of the property. In most cases, the … Read post
Jennie and John had been best friends since they were kids. So, when they both inherited a little bit of money from their grandparents, they decided to pool their resources and buy a piece of property together. They found the perfect spot – a piece of forest land near their homes – and bought it … Read post
It is well known that the topic of vaccinations has a long and contested history. Despite many debates over the years, the issue of whether to vaccinate your children remains the center of many public health disputes. With a plethora of arguments for both sides readily available on the internet, the vaccination debate has also … Read post
Purchasing your first property is an achievement and a very exciting process! However, since it’s likely one of the largest transactions you’ve ever completed, there are a few things to think about when purchasing property. Contrary to popular belief, the process of purchasing a home doesn’t have to be overwhelming. So, if you’re at a … Read post
According to the BC Supreme Court Civil Rules, it is relatively simple to obtain a default judgement. In instances where a defendant has failed to respond to the plaintiff’s claim by filing the relevant documentation within the time limit, a plaintiff can apply for a default order. Should the plaintiff succeed in their request for … Read post
2016 - 2022