Category: Buyers

Property Transfer Tax
25
Nov
By Peter Borszcz / Buyers, Property Transfer Tax / Property

For most out of province buyers, finding out about Property Transfer Tax often comes as an unpleasant shock Property Transfer Tax is charged on every transfer of freehold title in the Province of British Columbia as is calculated as 1% of the first $200k and 2% of the remainder of the Purchase Price This means a $30...

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By Peter Borszcz / Buyers, Strata, Strata Property, Uncategorized /

Is strata right for me This is a personal question and each strata is different When you are buying into a strata you are buying into a community and you should carefully read through the Form B package, the rules, minutes, and bylaws to ensure that who your are matches the "personality" of the community When in do...

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The end of June is "high season" for residential real estate closing As the school year comes to the close and the weather turns warmer, people want to get the "business of moving" done prior to enjoying summer holidays There are a couple of unique considerations for Kelowna Real Estate at this time of year, all of ...

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Under the Strata Property Act, a Contingency Reserve Fund (CRF) is established to pay for extraordinary expenses, but under the Act, the amount in the CRF was established by a formula (which had NO relationship  to the age of the building!) Furthermore, the amount of contribution to the CRF was CAPPED, unless an ¾ vo...

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In a recent Kelowna court case, Oyelese v Sorensen, 2013 BCSC 940 (CanLII), has received widespread local media attention as the Sorensens have been ordered by the Court to remove their encroaching swimming pool from their neighbors lands Like most Real Estate Lawyers, our firm has received lots of questions on this ca...

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My mum's family is from Edmonton and I had the fortune of going to the University of Alberta in Edmonton for 10 years Although I enjoyed the great people I met in Alberta, I was always drawn to come back home to Kelowna Kelowna Real Estate has a special allure for many Alberta buyers for many good reasons, a few of ...

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By: Peter Borszcz, Real Estate Lawyer, Montgomery Miles & Stone Law Firm Irrespective of economic conditions, foreclosure properties are often viewed as a “deal” for the savvy real estate investor However, courts in British Columbia have a duty to ensure that foreclosure properties are being sold as close to the...

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