Category: Real Estate Development
On February 22, the Provincial Government introduced Budget 2024, which made several significant tax changes focused on housing.
The provincial Budget 2024 revealed a new tax is on the horizon for sellers of real estate within British Columbia.
Effective September 30, 2023, many of the COVID-related measures implemented by the Land Title and Survey Authority of British Columbia will be retired.
Developers have to deal with the requirements imposed by a municipality through the development permit process.
COVID-19 has resulted in a number of issues which put the performance of purchase contracts for real property at risk.
The B.C. Ministry of Agriculture has prepared a discussion paper to seek input into a draft Minister's Bylaw Standard to assist local government bylaw development.
Since 2009, real estate developers (“Developers”) have been subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the “Act”). Under this Act, Developers are required to comply with the following record keeping and reporting obligations:
Developers have to deal with the requirements imposed by a municipality through the development permit process. These requirements can be onerous and time consuming, and sometimes appear to the developer as unreasonable or arbitrarily applied.
One land owner decided to push back against the denial of a development permit that the District of Squamish refused to issue. The land owner sought a declaration from the court that Squamish was required to issue the development permit in the case of 0742848 BC Ltd. v District of Squamish.