Update: Land Owner Transparency Act in force November 30, 2020
Further to our previous article of September 16, 2020, the Province of BC approved Order in Council No. 549 on September 20, 2020 which brings ... Continued
Update: Land Owner Transparency Act in force November 30, 2020
Further to our previous article of September 16, 2020, the Province of BC approved Order in Council No. 549 on September 20, 2020 which brings ... Continued
LOTR – the Land Owner Transparency Registry
In an effort to increase disclosure of the ownership of real estate in B.C., the Land Owner Transparency Act (“LOTA”) received royal assent and will ... Continued
UPDATE: BC Government Outlines Plans for Residential Rent-Related Evictions and Repayment Framework
Further to our article from July 17, 2020, the provincial government has released requirements of the new repayment framework applicable to residential tenants with outstanding ... Continued
BC Government Outlines Plans for Residential Rent-Related Evictions and Repayment Framework
Note: Since the date of this article, the provincial government has released the requirements of the new repayment framework. You can find our latest update ... Continued
BC Government Lifts Moratorium on Non-Rent Related Notices to End Tenancy and Evictions
On June 24, the provincial government announced that landlords in BC are able to issue notices to end tenancy again, effective immediately. The announcement is ... Continued
Commercial Property Owners and Tenants May Wish to Consult Lenders before Applying for CECRA
On May 25, 2020, the Government of Canada announced that applications are being accepted for the Canada Emergency Commercial Rent Assistance (CECRA) program. This program ... Continued
BC Extends the Temporary Rental Supplement to August
On June 19, 2020, the provincial government announced the extension of the temporary rental supplement (“TRS”). The TRS began on April 9, and is now ... Continued
New Regulations Soon in Effect from CMHC
Stricter regulations for mortgage applications will soon be implemented by the Canada Mortgage and Housing Corporation (CMHC). These changes are being implemented in response to ... Continued
Details Emerge on the Administration of the CECRA Program
On Thursday, June 4, 2020, the NAIOP Commercial Real Estate Development Association held a roundtable where members of the Canadian Mortgage and Housing Corporation (CMHC) ... Continued
B.C. Offers Additional Support to CECRA
On Monday, June 1, 2020, the BC Provincial Government announced its intent to provide assistance to small businesses seeking commercial rent relief by putting measures ... Continued
Some Clarity on the Foreign Buyer’s Tax: Amendment to the Property Transfer Tax Regulation
The provincial government recently announced an amendment to the Property Transfer Tax Regulation to provide clarity on how the additional property transfer tax applicable to ... Continued