Category: Buyers

Strata Property

By Peter Borszcz / Buyers, First Time Home Buyers, Strata /

Most people think of condos when they think of strata property, however in British Columbia, strata property can include detached and semi-detached homes, apartments, and even bare land The Strata Property Act imposes rules on the home owner which regulates the home owners use of the lands The rules can include pet res...

Freehold vs. Leasehold

By Peter Borszcz / Buyers, Lease, Native Land, Realtors, Sellers /

At common law, in British Columbia, land tenures can be generally divided into two large catagories, fee simple land and leasehold landsFee simple lands (also called freehold lands) are lands where the owner owns all the property rights associated with thoses lands, except the rights which are reserved for the Crown (f...

Property Transfer Tax – First Time Home Buyer Exemption

By Peter Borszcz / Buyers, First Time Home Buyers, Property Transfer Tax /

This exemption is more limited than most first time home buyers realize, its not enough that this is your first home in British Columbia, to qualify you must meet all of the following criteria:Be a Canadian Citizen or Permanent Resident Must have resided in BC for the last 12 months, and at least 2 of the last 6...