Rosemary John was recently elected corporate secretary for the Mortgage Investment Association of British Columbia. MIABC is the leading professional organization within the mortgage lending sector in British Columbia. Congratulations to Rosemary on her well-deserved position.
Yesterday, BC announced that the property transfer tax for foreign buyers of residential property in the greater Vancouver region will increase to 15%. Sarah Jones explains that she cannot foresee foreign buyers challenging the tax because the "contract they signed into is not with the government." To learn more, read the full Vancouver Sun article.
The Law Society of BC and the Canadian Bar Association BC Branch have jointly appointed Amy Mortimore to the Board of Directors of the Continuing Legal Education Society of British Columbia. By leading industry courses, programs and publications, the CLEBC mandate is to meet the educational needs of the legal profession in BC. Congratulations to Amy on her well-earned position.
In The Lawyers Weekly, Bernard Pinsky recently discussed financial advisors facing tough new rules. Bernard states that "it's going to make it quite a bit more expensive for brokers, dealers and advisers to do business because of the compliance requirements."
In a recent Advisor article, Bernard Pinsky discusses the CSA’s new proposals that, if adopted, may increase the cost of advisor services, leaving less return for investors and possibly amplifying the allure of cheaper online investing, explains Bernard. Read the full article to learn more.
Jennifer Loeb was successful in the BC Court of Appeal on behalf of an insured landlord following a house fire in a rental property. The court found that failing to install a smoke alarm does not automatically render the landlord liable for fire losses. Read the reasons for judgement to learn more.
The Civil Resolution Tribunal (CRT) has launched the beta version of Solution Explorer, a tool for helping people manage and resolve disputes in BC. For now, Solution Explorer works for strata disputes. Congratulations to Pat Williams and the rest of the CRT team for making this productive public resource a success. Read the CRT’s article to learn more.
Clark Wilson acted for Pure Industrial Real Estate Trust (PIRET) (TSX: AAR.UN) in closing its public offering of 29,670,000 trust units, on a bought deal basis, for total gross proceeds of $149,833,500. Vikram Dhir and James Speakman led the Clark Wilson team, with assistance from Ethan Minsky on US securities matters. See PIRET's news release for more information.
Andrew Dixon has been appointed to the board of the Canadian Bar Association, BC Branch, Employment Law section. Andrew looks forward to contributing to the educational, advocacy and professional needs of members of the employment law bar in BC. Congratulations Andrew!