How and Why We Efile Real Estate Transfers and Mortgages

To Efile means to electronically file real estate documents with the BC Land Title Office using their “Electronic Filing System” or “EFS”. Some Notary and law offices take the original signed documents, drive them down the Land Title Office in New Westminster, have them stamped there and then have them driven back. This form of registration is slow, expensive and involves unnecessary car trips. What our office does is E-File the transaction; which means we take your original signed documents; I sign the documents with an adobe digital signature and then have them uploaded to the BC Land Title Office via the provincial government’s BC Online Electronic Filing System. This service is faster, easier and more cost effective.

Read More

Power of Attorney for Your Kids While They Are Away At School

One of the things notary public’s prepare is Powers of Attorney. We had a client come in with a really good idea for a Power of Attorney; her son is going away to school in Ontario, and so he gave his mom Power of Attorney. This was done so that while he is away at school if there is anything that needs to be signed for him in Vancouver it can be done by his mom.

Read More

Scrivener Article on Fraud

As March was recently recognized a Fraud Prevention month by a number of organizations; I wrote an article for the Society of Notaries Public of British Columbia’s  Scrivener Magazine on the topic of Fraud. 

Read More

Claiming Home Buyer Amount and Home Renovation Tax Credit

If you own your home and pay taxes, you should read this:

There are two new tax credits that are relevant for home owners in preparing 2009 Personal Canadian Income Taxes.  The First Time Home Buyer’s Tax Credit and the Home Renovation Tax Credit.  If you or your accountant missed claiming these items; it is pretty easy to claim them now yourself.

Read More

Earth Day – a few thoughts on Reduce, Reuse and Recycle

Today is Earth Day.  It’s a good time to think about what you can do in your home or office to lessen your impact on the environment.

Most of us are pretty good at recycling –  we throw our garbage in the garbage, pop cans in the blue box, and paper goes in its recycling box.

However, it is more important to think about Reduce and then Reuse; so there isn’t so much to Recycle.

Read More

Georgia Straight’s #1 Best of Vancouver – Lawyer/Notary when Buying/Selling Real Estate

Best of Vancouver I have been voted by readers of the Georgia Straight as First Choice – Best of Vancouver – in the category of “Lawyer to Use when Buying or Selling Real Estate”.

I would like to thank all of those who voted for me. To all off my clients; it has been my privilege to work with you to help you buy and sell your homes. I would also like to thank the bankers, realtors; and mortgage brokers I have met over the past 3 and ½ years who have trusted me with your clients. I can’t tell you how much I appreciate it.

Read More

Best time to Buy?

Interesting to read the British Columbia Real Estate Association (BCREA)’s report this week indicating that April was the third consecutive month of increasing home sales in BC. It seams cliché to say “this is a good time to buy” but it seems that many people are agreeing that it is. Whether we are now at the bottom and end of the current price correction will remain to be seen, but does it really matter?

Read More

Comment on BCREA Report – Home Sales Increase In February

The BC Real Estate Association (BCREA) reported on March 13, 2009 that after several months of decrease, that there were more Home Sales last month, than the month prior. Greater Vancouver has experienced a 13% average decrease in prices. The residential sales units fell 45.3% for this Feburary over last Feburary.  The report shows a graph which is shows quite well what is going on.

Read More

Consumer Confidence Recovering

Consumer confidence Recovering

Canadian consumer confidence has revived since December to highest level since August, according to a Harris-Decima poll. While the US was officially in recession at that point, it wasn’t until September that the current economic turmoil emerged to the front pages of our newspapers with required bailouts an massive corporate failures.

While supply and demand are the key factors in prices and activity in the Real Estate Market, consumer confidence is a key component of demand. Nobody wants to purchase an asset that will immediately drop in value. Vancouver Real Estate Prices have been falling through much of 2008, and especially in the second half of the year.

Read More

Income Tax Consequences of Purchasing Real Estate Investment Property

With the chance of values we have experienced in the Vancouver Real Estate market, especially in Downtown condominium project; many people who have purchased Pre-Sales are now completing their purchases at significantly higher prices than the property would be worth if they were negotiate a deal today. As long as you don’t live in the property, you are purchasing an investment. Some investments go up and some go down. I think we are all pretty familiar with investments that go down these days. If you turned around and sold a property today, you would probably do so at a loss.

Read More