Understanding Joint Tenancy vs. Tenants in Common on Land Titles in British Columbia
Posted on Aug 12, 2024 in Sellers Info & Facts
When purchasing property in British Columbia, one of the crucial decisions you'll need to make is how to hold the title. The two primary forms of ownership are joint tenancy and tenants in common. Each has significant legal implications, especially regarding ownership rights, responsibilities, and what happens in the event of a co-owner's death. He...
Understanding the Home Ownership Structure
Posted on Aug 12, 2024 in Sellers Info & Facts
When selling a home in British Columbia where two joint tenants in common have a third party with a percentage of interest on the title, several legal and financial considerations come into play. This situation involves both the complexities of joint tenancy and tenants in common, which can affect how the property is sold, how the proceeds are divi...
Understanding the Speculation & Vacancy Tax in BC: What You Need to Know
Posted on Aug 11, 2024 in Taxes in Real Estate
The Speculation and Vacancy Tax (SVT) in British Columbia (BC) is a tax introduced by the provincial government to address housing affordability issues. It targets property owners who leave residential properties vacant or who are speculating on real estate without contributing to the local economy or housing market. This blog provides a comprehens...
Exploring Metchosin, BC: A Journey Through History and Heritage
Posted on Aug 11, 2024 in Victoria's History
Metchosin, BC, a rural community located just a short drive from Victoria on Vancouver Island, is a place where history and natural beauty intertwine. Known for its rolling farmlands, dense forests, and stunning coastline, Metchosin has a rich history that dates back to the early settlers who first shaped the land. This blog delves into the history...
Navigating the Sale of a Jointly Owned Home During a Seperation in BC
Posted on Aug 11, 2024 in Sellers Info & Facts
Separation or divorce is a challenging and emotional process, and when the property is involved, it can become even more complex. In British Columbia, when a married couple decides to divorce and they jointly own a home, there are specific legal steps that need to be taken, especially when the sale of the home is necessary. This blog will guide you...
The Pioneers of Shawnigan Lake, BC: Shaping a Community
Posted on Aug 11, 2024 in Exploring Vancouver Island
Shawnigan Lake, BC, is a community with a rich history shaped by the people who first settled there. From the Indigenous peoples who originally inhabited the land to the European settlers who established the area as a thriving community, the story of Shawnigan Lake is one of perseverance, hard work, and a deep connection to the land. This blog expl...