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Bill C-45, the Cannabis Act has received Royal Assent and is scheduled to come into force on October 17, 2018.  Canadians will then be able to legally possess, consume and grow recreational cannabis. Bill C-45 enables provinces to establish additional regulations, some of which affect real estate. Here, we highlight the basics of Bill C-45 as well as the approaches British ...

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The Province of British Columbia is taking steps to ensure that the applicable taxes are paid on assignments of pre-sale condominiums with the introduction of Bill 25 Real Estate Development Marketing Amendment Act, 2018. The goal of the legislation is to collect the applicable tax on such assignments and to generally discourage the assignment of such contracts and reduce ...

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Posted in Tax, Real Estate

The British Columbia government has released further details about the Speculation Tax on residential property announced in the 2018 Provincial Budget (the highlights of which are discussed in our previous blog post). These details clarify the geographic areas the Speculation Tax will apply to, along with rates, exemptions, and credits that may be available to offset ...

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Posted in Real Estate

Lawson Lundell LLP is pleased to announce that three partners, one associate and two paralegals have recently joined our Calgary office. Shaun Partridge, QC (Partner), Devin Itterman (Partner), Aubrey Guild-Young (Partner), Devlin Steers (Associate), and paralegals Laura Romeo and Brandy Tobin join us from a boutique firm in Calgary where their practices focused on ...

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Thinking of purchasing a strata lot to rent out on the short-term market? If so, you may wish to familiarize yourself with the applicable rental restrictions.

The popularity of short-term rentals such as Airbnb continues to soar, making them an increasingly attractive revenue stream for potential property investors.

In HighStreet Accommodations Ltd. v. The Owners ...

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Our Real Estate Law Blog provides brief commentary on current legal trends and developments affecting your business. The topics addressed in Lawson Lundell’s Real Estate Law Blog are of interest to commercial real estate developers, real estate and strata agents, investors, landlords and tenants, as well as a variety of industry groups. 

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