Empty Homes Tax: New Unsold Inventory Exemption
By Bhagwant Dhaliwal and Abigail Choi On May 11, 2023, Vancouver City Council created a new exemption under the Empty Homes Tax (“EHT”) for unsold ... Continued
Clark Wilson is the Most-Named Firm on BiV’s Biggest Real Estate Deals List for the 17th Consecutive Year
We’re delighted to maintain our status as the most-named law firm on Business in Vancouver’s annual Biggest Real Estate Deals list. Each year Business in Vancouver ... Continued
Federal Government Eases Restrictions on Purchase of Residential Property by non-Canadians
By Sarah Jones and Manveer Sall On March 27, 2023, the Ministry of Housing and Diversity and Inclusion announced a number of amendments (the “Amendments”) to the Prohibition ... Continued
BCFSA Amends Policy Statements 5 and 6 – Developers May Market Projects After Third Reading
The BC Financial Services Authority (“BCFSA”) has issued a notice to its stakeholders, including developers, advising that the Superintendent of Real Estate’s Policy Statements 5 ... Continued
Rent is on the Rise: How to Increase Your Rental Income
by Karen Ngan and Alex Bogdan The average rent for an apartment in Greater Vancouver is on the rise, and if you are a developer ... Continued
Federal Government reveals regulations to the Prohibition on the Purchase of Residential Property by Non-Canadians Act
By Chris Sharpe and Manveer Sall On December 21, 2022, the Federal Government released the much-anticipated regulations that will accompany the Prohibition on the Purchase ... Continued
Clark Wilson Recognized As One of Canada’s Best Law Firms in 2023 By The Globe & Mail
Clark Wilson has been recognized as one of Canada’s Best Law Firms for 2023 by The Globe and Mail and independent market research provider Statista. For a second consecutive ... Continued
Not For Sale: Canada Closes The Door To Foreign Home Buyers
By Chris Sharpe and Manveer Sall The federal government has introduced legislation that bans the purchase of residential real estate by non-Canadians. The Prohibition on the ... Continued
“Ready, Willing, and Able”: BC Court Clarifies Law on Sufficiency of Tender in Real Estate Transactions
By Anna Sekunova and Cameron Fox Parties negotiating agreements for sale of real estate always hope that closing day goes smoothly – but it is ... Continued
Cool Off: The Government of BC Acts on Homebuyer Protection Recommendations
On July 21, 2022, the Government of British Columbia announced a new homebuyer protection period in residential real estate sales. Amendments to the Property Law ... Continued
Clark Wilson Most Named Firm on BiV’s Biggest Real Estate Deals for 16th Consecutive Year
Clark Wilson is delighted to be distinguished again as the most named law firm on Business in Vancouver’s annual ranking of the Biggest Real Estate ... Continued
Pre-Sale Assignments attract GST starting May 7 2022
On April 7, 2022, the Government of Canada released Budget 2022: A Plan to Grow Our Economy and Make Life More Affordable. As part of ... Continued