Had the pleasure of having Wayne from Edmonton over the other day out looking at land on Salt Spring and the conversation turned to Gazette roads and or easements. It’s an odd topic but one that comes up when buying a large rural lot. One never really knows what they are getting unit one …
Update as of June 15, 2018, there will be “almost” be a ban on limited dual agency. An individual licensee won’t be able to represent more than one party in a transaction in most cases. This applies to sales, leases, assignments, as well as when there are two or more buyers. Designated agencies will still …
This last month I had an accepted offer on a home and had a backup offer come in. The backup offer was a very weak offer because the condition precedent (subject to clause) was so subjective. It was subject to the buyer viewing and liking the property. Normally no one would take an offer like …
The headlines in the media are something that keeps me up at night. Especially this CRA to recover from the buyers the capital gains tax. The other thing to note is this is just part of the trend of the federal government to bring in more taxes. They are also going to be going after …
Caveat Emptor is a Latin phrase that translates to “let the buyer beware” but the sellers do not get off that easy in BC they still need to disclose Latent defects and the listing REALTOR® has to do pre-listing due diligence and make sure material latent defects are disclosed. Disclosure standards for the seller and the listing …
Staff from the Ministry of Forests, Lands and Natural Resource Operations (FLNRO) was on Salt Spring 18 Jan 2017 explaining the new Water Sustainability Act (WSA). The WSA came into effect on 29 Feb 2016. The big changes that affect people on Salt Spring are the new licensing of groundwater (well water). The new licenses will “run …
