New Assignments and Beneficial Ownership Registries 101


The provincial government is seeking to dissuade artificially increased condo prices and potentially close a tax loop through a new system aimed at registering assignments.  An assignment is when a buyer has purchased a pre-sale condo, and sells it to another buyer (for a higher price) before the building is complete.  Often referred to as [...]

New Assignments and Beneficial Ownership Registries 1012020-12-17T19:00:54+00:00

March 2019 Real Estate Update


Canadians’ concerns that the legalization of cannabis will negatively impact property values have not played out in other jurisdictions where marijuana is legal. In fact, in some areas, homes within 160 metres of a retail marijuana store were valued close to 10% higher than those outside of that radius. Fixed rate mortgage rates are [...]

March 2019 Real Estate Update2020-12-17T19:00:54+00:00

February 2019 Real Estate Update


The Financial Institutions Commission is increasing its oversight of mortgage brokers in Canada to help curb problems with predatory lending as Canadian debt loads rise and home prices fall. Despite rising interest rates, other data suggest that in Vancouver, delinquencies are not increasing as the number of borrowers who are three months or more [...]

February 2019 Real Estate Update2020-12-17T19:00:54+00:00

January 2019 Real Estate Update


The Greater Vancouver housing market continues to see 10 year lows in sales due to increased municipal and provincial regulation, as well as more stringent mortgage stress tests and rising interest rates. This downturn is contributing to the Bank of Canada prediction for negative growth for residential real estate investment in Canada in 2019. [...]

January 2019 Real Estate Update2020-12-17T19:00:55+00:00

Supreme Court ruling supports appeal on GST in bankruptcy cases


In our April 12, 2018, blog we wrote about the case of Canada v. Callidus Capital Corporation. The Supreme Court of Canada since heard an appeal of this case and gave its unanimous decision on November 11, 2018, allowing the appeal and overturning the decision of the lower court. The Federal Court of Appeal had determined [...]

Supreme Court ruling supports appeal on GST in bankruptcy cases2020-12-17T19:00:55+00:00

December 2018 Real Estate Update


Rising interest rates have resulted in a decrease in detached home prices in Greater Vancouver and in increased insolvencies across Canada. However, northern markets have not seen the same overall negative effects of rising interest rates couple with the more stringent mortgage stress test as seen in the Lower Mainland. Parts of northwest BC [...]

December 2018 Real Estate Update2020-12-17T19:00:55+00:00

Financing Aircraft – Enforcing Security


Financing mobile equipment comes with certain risks, particularly when the equipment being financed is aircraft. Aircraft can leave Canada and land where foreign laws may not provide protection for Canadian financiers. A recent example of this type of risk was Export Development Canada’s (EDC) $41 million financing of the purchase of a Bombardier jet [...]

Financing Aircraft – Enforcing Security2020-12-17T19:00:55+00:00

November 2018 Real Estate Update


The Chartered Professional Accountants (CPA) of Canada say the country is unlikely to experience the same housing market crash experienced by the U.S. a decade ago given the credit quality of today’s Canadian homebuyers. However, homebuyers who may be unable to qualify under the new mortgage stress tests are turning to private lenders, making [...]

November 2018 Real Estate Update2020-12-17T19:00:55+00:00

October 2018 Real Estate Update


The BC real estate market, along with other areas in Canada, continues to show signs of recovering from the changes early in 2018 in government regulations with respect to stress testing and foreign buyers.  The approval of the LNG terminal in Kitimat, BC means that the $6 billion Coastal GasLink pipeline will also be [...]

October 2018 Real Estate Update2020-12-17T19:01:22+00:00
  • L2 logo

L2 – lenders and lawyers on one shared workspace to reduce risk!


We represent chartered banks, credit unions, commercial lenders and other creditors to minimize the time and cost of security realization, collections and insolvency. In doing so, we use a tool called L2, which puts our lawyers and the clients we serve on one shared, digital workspace – improving efficiency, transparency, security and reducing risk for [...]

L2 – lenders and lawyers on one shared workspace to reduce risk!2020-12-17T19:01:22+00:00
Go to Top