Real Estate

  • April 19, 2024

    Underused housing tax to generate estimated $694M, says Parliamentary Budget Officer

    The underused housing tax (UHT) will generate an estimated $693.9 million in revenue between the fiscal years 2023-24 and 2027-28, according to a legislative costing note published by the Office of the Parliamentary Budget Officer (PBO).

  • April 18, 2024

    New rules aimed at turning short-term rentals back into homes in B.C. to come into force on May 1

    New rules aimed at reining in the growing short-term rental market in B.C. and helping to alleviate the housing crisis are set to come into effect on May 1.

  • April 18, 2024

    Canada’s first national flood insurance program missing funding agreement, says Insurance Bureau

    Canada’s flood insurance program as outlined in Budget 2024 will ensure that more than 1.5 million homeowners will have access to affordable flood insurance, according to the Insurance Bureau of Canada (IBC). However, without a proper funding agreement, homeowners remain at risk.

  • April 18, 2024

    The multi-disciplinary lawyer: Why legal expertise isn’t enough

    The conventional notion of what makes a successful, valuable lawyer has and continues to undergo a transformation. While it is still important to have legal expertise, this has become just the starting point for the profession as a whole and is in no way guaranteed a successful representation of clients and the community.

  • April 17, 2024

    Digital solutions through an Indigenous lens | Lawrence Lewis

    In a world where digital transformation shapes every aspect of our lives, the narrative of technological advancement often overlooks the diverse needs and voices of Indigenous communities. But creating digital solutions through an Indigenous lens — combining traditional values through innovative pathways — gives rise to progressive structures that honour cultural significance.

  • April 16, 2024

    Legal aid funding, auto theft crack down and redistribution of judgeships feature in federal budget

    Funding for legal aid to reduce court delays; redistributing “unused” Alberta unified family court posts to other superior courts; and creating new offences and harsher penalties for auto theft are among dozens of justice-related measures proposed in the latest federal budget, which the minority Liberal government says aims to enhance the affordability of shelter, groceries, internet and other necessities for Canadians.

  • April 16, 2024

    Budget 2024 tax initiatives to play a key role in Ottawa’s effort to boost housing, economy

    In a sweeping 2024 budget that targets increased housing, lower living costs, small-business support and greater economic growth, Prime Minister Justin Trudeau’s Liberal government is also taking tax measures to help offset a projected $40 billion deficit for 2023-24 and a rising federal debt estimated to reach $1.37 trillion by 2029.

  • April 15, 2024

    Court gives guidance on whether condo unit sale subject to GST

    On March 15, the Tax Court of Canada in 1351231 Ontario Inc v. The King, 2024 TCC 37 was tasked with deciding whether the sale of a condominium unit was subject to GST pursuant to Division II of the Excise Tax Act, R.S.C. 1985, C. E-15 (the Act). In sum, the court found that GST/HST was collectible on the sale of a condominium that was leased under a number of short-term leases through the Airbnb platform. 

  • April 15, 2024

    Property buying, money laundering: An overview

    Property buying and money laundering are two interconnected issues that have garnered significant attention in recent years. Money laundering is the process of converting illicit funds, obtained through illegal activities, into seemingly legitimate assets. Property transactions, particularly real estate, have become a popular method for money launderers to clean their illegal funds. This essay will explore the relationship between property buying and money laundering, the methods used in laundering and the steps taken to combat this issue.

  • April 15, 2024

    B.C. formally recognizes First Nation’s title over traditional territory

    In what is being characterized as a first in Canada, the B.C. government has negotiated an agreement that recognizes Aboriginal title over Haida Gwaii, an archipelago off the coast of the provincial mainland where the Haida people have lived for over 12,000 years.