Category Archives: Real Estate

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 →

When a borrower who has granted a mortgage to a lender does not repay the loan, the lender may foreclose. The lender or another party registered on title may force the sale of the property or take ownership of the … Continue reading →

Time Limit to File Claim of Lien A Claim of Lien may be filed no later than 45 days after the date on which the certificate of completion was issued. If no certificate of completion was issued, a Claim of … Continue reading →

On May 1, 1999 there was a major change in the construction industry. A new government agency called the Homeowner Protection Office and a new statute the Homeowner Protection Act became law. Here are some of the highlights: Builder’s must … Continue reading →