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Strata Conversions: an Option for Developers in BC

December 5th, 2007 | Strata

When the supply of developable land is tight, opportunities remain for “new” stratified developments. Conversions from previously occupied rental properties to strata lots may be the most suitable option for urban developers looking for opportunities in today’s real estate market. As the vacancy rate for rental housing in B.C. remains […]

Transitioning to 5% GST on Real Estate Transactions

October 31st, 2007 | Taxes

The federal government’s mini-budget announcement on October 30 included a further cut in the GST rate from 6% to 5%, effective on January 1, 2008. As with the reduction from 7% to 6% in 2006, the announcement includes special transitional rules for real estate sales. Navigating the transitional rules is likely to […]

Mixed-Use Developments: Air Space vs. Strata

October 17th, 2007 | Strata

A growing number of developments are combining both commercial and residential space within the same building – there may be grocery stores, restaurants and offices on the lower levels of a building, and several floors of residential apartments directly above them. With this sort of combination, a typical concern is […]

REAL ESTATE OUTLOOKS CHANGING QUICKLY – TORONTO

September 20th, 2007 | Industry Events

Having recently completed acting on behalf of Sunstone Realty Advisors in respect of their Pure Industrial Real Estate Trust (PIRET) prospectus offering and listing on the TSX Venture Exchange, and having established several private REITs and mortgage trusts over the past 12 months for clients seeking to raise funds for a variety of real […]

HOMEOWNER WARRANTIES: TAKING THE MYSTERY OUT OF THE “2-5-10″

September 3rd, 2007 | Construction

Most folks in the construction business have heard about “mandatory warranties” for residential construction. They may know that the Homeowner Protection Office is involved in enforcing the requirements. They may even know that theHomeowner Protection Act contains the specific requirements for residential builders in B.C. In my experience, however, many are […]

Landlord Liability for Counterfeit Goods – What Every Retail Landlord Should Know

June 15th, 2007 | Leasing

You are tearing around your local shopping mall desperately looking to buy a birthday gift for a significant female in your life. You spot what appears to be a very nice quilted Chanel tote bag for $75. You hesitate. Seems rather affordable for a luxury brand but then again the sales assistant […]

2007 Vancouver Real Estate Forum

April 26th, 2007 | Industry Events

The full house packing the Vancouver Convention Centre at the 2007 Vancouver Real Estate Forum heard from a host of industry experts that the good times – and challenges – would, for the most part, continue in BC thoughout the year.  For those who missed it altogether, or had to choose […]

Proposed Legislation Addresses Multi-Phased Developments

March 30th, 2007 | Legislation

The Provincial government has announced an amendment to the Local Government Act which will permit a developer and a local government to enter into “phased development agreements”. Under such an agreement, a local government will agree that amendments to any zoning bylaws listed in the agreement will not apply to the development during the […]

Is “Fair Market Rent” Really that Fair?

February 19th, 2007 | Leasing

In most commercial leases, “Fair Market Rent” is the standard for the rent payable during a renewal period. While most leases provide some general guidelines for how to determine “Fair Market Rent”, they typically do not set out exactly what is to be included or excluded in this determination. It […]

It’s a Brand New Game – The Impact of the New Dividend Tax Credit Rules on Real Estate Companies

February 9th, 2007 | Taxes

Would you like to borrow approximately 10 per cent of your income from the Government of Canada on an interest free basis? Now that British Columbia has finally joined the Federal Government and announced their new dividend tax credit rules we can expect to see a change in the manner in which […]

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