Author Archives: Blair Franklin

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 … Continue reading →

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 … Continue reading →

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 … Continue reading →

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 … Continue reading →

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 … Continue reading →

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 … Continue reading →

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 … Continue reading →