Underused Housing Tax Update: October 31 deadline and guidance from CRA
By St.John McCloskey and Emily Davies UPDATE (October 31, 2023): The Canada Revenue Agency has extended the effective deadline again for filing and payment for ... Continued
Real Estate Litigation: A Primer on Buyer’s Remedies When the Seller Defaults on a Real Estate Contract
By Anna Sekunova A real estate transaction can collapse for many reasons – for example, a default by a buyer or a seller, or an ... Continued
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
Clark Wilson Lawyers Named in the 2023 Canadian Legal Lexpert Directory
Clark Wilson is proud to share our team’s rankings in the 2023 Canadian Legal Lexpert Directory®, a distinction based on an extensive peer survey process ... Continued
Canada’s New Underused Housing Tax
By St.John McCloskey UPDATE (October 31, 2023): The Canada Revenue Agency has extended the effective deadline again for filing and payment for the 2022 UHT ... 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
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