PTT and first time home buyer’s information

Spagnuolo Law | April 5th, 2017 | Legal Issues / FAQ's

Use our Property Transfer Tax Calculator. Click here   What is it? The Property Transfer Tax is a tax payable to the Provincial Government by purchasers of real estate. The tax applies to all types of real estate, whether residential, commercial or industrial.   How is it calculated? The amount of the Property Transfer Tax is […]

Underground Oil Storage Tanks

Spagnuolo Law | May 4th, 2015 | Legal Issues / FAQ's

Many homes in the Greater Vancouver area built before 1957 were originally heated with furnace oil. Many homes in the Greater Vancouver area built before 1957 were originally heated with furnace oil. When natural gas became available, the oil storage tanks, which were normally located underground in backyards, were filled with sand or capped. However, […]

Basic Info for Residential Real Estate

Spagnuolo Law | April 5th, 2013 | GST and Transitional Tax

Now that H.S.T. is eliminated, we are back to the old G.S.T. rules, along with the Transitional Tax. To help our referral partners and clients understand G.S.T. we have prepared the following. You may find it easier to watch this on YouTube channel, and if so, please search for it on YouTube under Spagnuolo and […]

Using a Power of Attorney to Buy, Sell or Refinance Real Estate

Spagnuolo Law | October 19th, 2011 | FAQ's, Legal Issues / FAQ's

It is not uncommon for clients to be away at the time they are closing a real estate transaction. In this situation there are a few options to ensure the transaction closes on time, one of them being the use of a Power of Attorney. Legislation relating to the use of Power of Attorney’s was […]

Using a power of attorney for real estate

Spagnuolo Law | October 19th, 2011 | Legal Issues / FAQ's

It is not uncommon for clients to be away at the time they are closing a real estate transaction. In this situation there are a few options to ensure the transaction closes on time, one of them being the use of a Power of Attorney. Legislation relating to the use of Power of Attorney’s was […]

First time home owners tax credit

Spagnuolo Law | April 12th, 2011 | Legal Issues / FAQ's

The First Time Home Buyers Tax Credit is a non-refundable tax credit for certain homebuyers who acquire a qualifying home after January 27, 2009. Rather than retype the criteria, we offer the following link to the Canada Revenue Agency website. Please visit this site for complete information: http://www.cra-arc.gc.ca/nwsrm/fctshts/2010/m01/fs100121-eng.html

Strata Property Instruction Guides

Spagnuolo Law | April 8th, 2011 | Strata Living

Okay, we are being a little lazy on this one. We had grand plans of adding pages and pages to our website with information on a variety of Strata Topics. After doing a bunch of research, we found this government website, http://www.fic.gov.bc.ca/pdf/responsibilities_strata/StrataOverview.pdf?p=strata_property/index. This website has all of the information we were looking to provide to […]

General Living

Spagnuolo Law | March 14th, 2011 | Strata Living

A significant number of all real estate transactions in British Columbia involve the purchase or sale of a strata unit. More and more people are choosing to purchase strata titled property such as a townhome or condominium over the traditional suburban single family home. This is for a variety of reasons, usually affordability, lifestyle or […]

“Stigmatized” Properties

Spagnuolo Law | February 1st, 2011 | Legal Issues / FAQ's

A potential buyer may be quite happy with the physical condition and the location of a residential property, but they may avoid purchasing the property because of concerns regarding an event or circumstance occurring in or near the property.  Examples include a property next door to a residence occupied by a convicted pedophile, or a […]

Examples and Stories

Spagnuolo Law | May 25th, 2009 | Real Estate Fraud

FRAUD STORIES FROM OUR MOST RECENT FILES: Title Fraud A mortgage-free British Columbia property which had been registered to the same owner for 23 years was fraudulently transferred to a new owner. The fraudster later registered a mortgage for $400,000 against the property. Stewart Title insured the unknowing lender as having a first priority mortgage […]