Business and Corporate Names and Trade-marks

Business Names A business name is a name under which a person conducts their business. The full name of the business will include the proprietor or partners of the business. For example, the business name could be Smith’s Upholstery, which is a proprietorship, the full name of which would be Jane Smith carrying on business […]

Make-a-Will Week

March 31 to April 6, 2014, is Make-a-Will Week in British Columbia and its purpose is to encourage the public to write their will or bring an existing will up-to-date. If you want to make a will or have any questions, please contact Blair Franklin and we would be pleased to assist you.  

Traveling with Children

Foreign Affairs and International Trade Canada strongly recommend that children traveling abroad carry a consent letter proving they have permission to travel from every person with the legal right to make major decisions on their behalf, if that person is not accompanying the children on the trip. You can obtain the forms from their website […]

Builders Lien Holdbacks

A builders lien holdback is money that is held back at the time of sale of a property. The holdback is released after the time limit for filing a builders lien has expired. In B.C. a claim of builders lien may be filed against a property no later than 45 days after the date the […]

When the Buyer Does Not Buy

What do you do when you think you have sold your house but the buyer does not complete the purchase? The rights of the seller are set out in the contract of purchase and sale. The standard contract of purchase and sale used in many sales in British Columbia contains the following provision: 12. TIME: […]

Two Home Strata

In B.C. it is possible in many areas to build 2 houses on one legal lot and then strata title the houses and create a new strata lot for each house. You can even have some common property between the two houses, like a common driveway. Where this is permitted, normally a developer will buy […]

Title Insurance

Title insurance is an insurance policy from a company like Stewart Title Guarantee Company or First Canadian Title that covers either a mortgage lender or a purchaser against certain types of losses. Title insurance may be required by some mortgage lenders. In other cases it may be used, if there is no survey available. Title […]

Buying Real Estate

Costs What are the costs of buying real estate? This page lists most of costs involved. Some of them are one-time costs and others, such as condominium maintenance fees and property insurance, will be ongoing monthly expenses. The good news is that not all of these costs may apply in your circumstances. Harmonized Sales Tax […]

Property Purchase Transfer Tax

Property purchaser transfer tax (P.P.T.) is payable by the purchaser at the time an application to register a transfer is made at the Land Title Office. The tax payable is 1% of the first $200,000 of the fair market value of the property and 2% on the remainder of the amount. Subject to a list […]

Selling Real Estate

Selling your house is among the most important financial decisions you will make in your life. While simpler than buying a house, there is more to selling than asking – how much is my house worth? While price is primary concern, we will give you some information on costs, realtors and buyers. Costs A seller’s […]