New Disclosure of Benficial Ownership in British Columbia

The British Columbia New Democratic Party Government, has introduced legislation, to force the disclosure of the benefical ownership of real estate and shares of Britis Columbia corporates.

Read more

Land Owner Transparency Act

The Government of British Columbia has committed to a 30-Point Plan for Housing Affordability.  A part of the recently announced plan, involves the ending the “hidden ownership” of real estate to make sure people are paying their fair…

Read more

Mortgage Stress Test – Update

The Office of the Superintendent of Financial Institutions Canada (OSFI) announced a number of new mortgage rules which came into effect on January 1, 2018. The new rules, which affect all Canadians renewing or refinancing a mortgage, will require…

Read more

Vancouver Empty Homes Tax

Effective January 1, 2017, Vancouver home owners are subject to an empty home tax of 1% of the property’s assessed value (the “Tax”), pursuant to Vacancy Tax By-law No. 11674 (the “By-law”). In accordance with the By-law, all…

Read more

Purchase of Real Property and the “Lawyer Approval” Clause

In recent years, some Canadian cities have experienced a dynamic shift in their housing market. Market factors such as a strong global economy, an increased desire amongst foreign buyers to own Canadian real property, the influx of out…

Read more

Foreign Buyer Tax – An Australian Perspective

British Columbia and Ontario have both recently instituted a Foreign Buyers Tax (B.C.) (the “FBT”) and a Non Resident Speculation Tax (Ontario) (the “NRST”), in an effort to address escalating home price and, arguably, the general supply imbalance.…

Read more

Changes to Principal Residence Exemption Announced Today

Minister of Finance, Bill Morneau, announced a major change to the rules regarding the Principal Residence Exemption.

Read more

Anti-Avoidance Rules in the Property Transfer Tax Act (British Columbia)

Commentary on the Anti-Avoidance Rules contained in the Property Transfer Tax Act (British Columbia).

Read more

New Tax on Foreign Buyers of Vancouver of Real Estate

Foreign buyers of Metro Vancouver real estate will be taxed an additional 15 per cent, the government announced today in new legislation.

Read more

Shadow Flipping and Contract Assignment in the Vancouver Real Estate Market

Real Estate, Shadow Flipping and Contract Assignment in the Vancouver Market

Read more