British Columbia Real Estate Practice Manual

A lawyer’s day-to-day guide to conveyancing

This publication is essential for: lawyers looking for guidance on practice and procedure issues arising from conveyancing in BC

Current to: March 1, 2019

Although an efficient conveyancing practice may involve delegation to support staff, lawyers are ultimately responsible for ensuring a conveyance is properly managed and advice is sound. In addition to complete coverage of the necessary stages of a conveyance, British Columbia Real Estate Practice Manual guides you through practice issues you are most likely to confront that require your expertise, including discussion of real estate licensee regulation, tax considerations for both buyers and sellers, undertakings, and collapsing deals. Mainly focused on residential property, this resource also provides a summary of considerations in commercial conveyances.

With this resource, you will be able to:

• quickly spot and avoid common conveyancing practice errors and mistakes
  
• refer to statutes and cases to start your investigation of any substantive law issues that arise
  
• access over 125 conveyancing forms and precedents to save you time

Buy today and be confident in your conveyances! View a sample from this book!

Highlights of the 2019 Update include:

• additional property transfer tax for foreign buyers—updated rate info, expanded purchaser disclosure requirements, protecting vendors through indemnities in cases of nominee share transactions, and speculation and vacancy tax—info, search tips
  
  
• Vancouver vacancy (empty homes) tax—info, search tips, how to protect purchasers, impact on leasing
  
  
• new guidance on adjustments for property transfer tax and completion of property transfer tax return
  
  
• new disclosure requirements and forms for real estate licensees
  
  
• new information collection requirements and restrictions on assignments of strata lot pre-sales
  
  
• new Policy Statement 16 from Superintendent of Real Estate regarding disclosure statements and purchase contract requirements as to pre-sales assignments
  
  
• release of draft legislation contemplating beneficial ownership registry
  
  
• new limits on tax-free RRSP withdrawals for qualifying first-time home purchasers
  
  
• increase in required notice period when ending residential tenancy for demolition, renovation, or redevelopment
  
  
• advent of Web Filing at LTSA

CLEBC Legal Editor
L. Joy Tataryn
jtataryn@cle.bc.ca

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