When to Hire Us

Buying or Selling Residential Property
Buying or selling residential property can be exciting however it can be a stressful process. We will help you understand how it works. We will make the process as stress-free as possible and will prepare and file the necessary legal documents to ensure that your real estate purchase or sale is completed appropriately and on time.

Buying or Selling Commercial Property
Buying or selling commercial property is a complex process. Consideration must be given to existing tenants, existing leases, triple net cost recovery, zoning bylaws, municipal and fire safety compliance, service contracts, and environmental waste management etc.

Lenders also generally require more security and personal guarantees for any loans or mortgages given to purchase commercial property. It is important to seek legal representation as soon as possible when buying or selling commercial property.

New Mortgages and Refinancing
If your mortgage is expiring and you are applying for a new mortgage, or if you are refinancing to renovate/build your home, or consolidating debt, we are here to provide you with exceptional hassle-free legal services.

How it Works

1. Contact us to discuss your real estate transaction. If you retain us, we will provide you with legal advice and the steps involved. We will walk you through the entire process and try to make it stress-free.

2. Let your bank or mortgage broker know right away that you have retained a lawyer for your real estate transaction.

3. We will prepare all of the legal documents, and will meet with you 1-3 days before closing to finalize your real estate transaction. At this time you will need to provide the balance of the down payment (if buying). We will then register the transfer and mortgage documents, complete your transaction, and notify you of completion.

4. You walk away satisfied and happy knowing that your legal team took care of your important real estate transaction.

Frequently Asked Questions

Our fees for a purchase with a mortgage usually range from $1,100.00 – $1,300.00. Expenses that are included in a quote are professional fees, land title search and registration fees and miscellaneous office disbursements. PST and GST are on top of the fees.

At our office a lawyer will be providing you with legal services and legal advice. You will not be dealing with a notary public. A lawyer’s fees versus a notary public’s fees can be different, and a notary might be slightly cheaper, but when you hire a lawyer you will have the peace of mind knowing that your file was handled by a lawyer. A lawyer can advise and represent you with all aspects of your transaction, for example in court if the need arises, a notary cannot.

PTT is a B.C. provincial tax. You have to pay 1% on the first $200,000 of the property’s value, 2% on the portion greater than $200,000 up to and including $2,000,000, 3% on any amount greater than $2,000,000, and if the property is residential, additional 2% on the portion of the fair market value greater than $3,000,000. The tax is submitted at the time the Buyer is registered as the new owner in the Land Title and Survey Authority, and the amount required must be provided to the lawyer to give to the government with the registration.

GST is Canadian federal tax payable by someone who is purchasing a brand new property. GST is 5% of the purchase price of the property. If the Buyer is going to use the property as a principal residence, rebates are available for up to 36% of the GST. The full 36% rebate of the GST is available for property $350,000 or less.

You can get a full or partial Property Transfer Tax exemption as a first time home buyer. You will need to qualify for the exemption. The purchase price determines whether or not it is a full or partial exemption. The main criteria for exemption: be a Canadian citizen or permanent resident of Canada; have resided in B.C. for a least 12 months or filed income tax returns as a resident of B.C. for 2 of the 6 taxation years immediately prior to registration of the transfer; and never previously owned a principal residence anywhere in the world.

The full exemption is available for properties with a purchase price of $500,000 or less and a partial exemption is available for properties with a purchase price above $500,000 and less than $525,000. There is no exemption on properties with a purchase price equal to or greater than $525,000.

You can get a full or partial Property Transfer Tax exemption for newly-constructed homes (including condos). You are not required to pay property transfer tax if the value of the property is below $750,000. There is a partial exemption for new homes under $800,000.

This is available to new residents of BC, first-time home buyers and previous property owners. The main criteria for exemption: the property must be 1.24 acres or smaller, you must be a Canadian citizen or permanent resident, you must move into the home within 92 days following registration at the Land Title Office, and you must continue to occupy the property as your principal residence for the remainder of the first year.

Adjustments is an accounting process where a buyer reimburses a seller for any prepaid expenses relating to the property from which the buyer will benefit, and a seller reimburses a buyer for any post-paid expenses relating to the property from which the seller has benefited. Closing adjustments can include making adjustments for property taxes, associated property fees, strata fees, rent payment, security deposits etc. We take care of this for you.