According to a recent report in Better Dwelling, an independent online outlet for housing news, Vancouver’s sales-to-listings ratio, a measure of demand in the real estate industry, slipped into “buyer’s market” territory in July.
It is not uncommon for a parent to decide to hold property in joint tenancy with one or more adult children in joint tenancy as an estate planning tool. A parent may transfer title to a property into joint tenancy with a child with the intention that the child will become the sole owner of the property on the parent’s death, thereby avoiding probate fees associated with the property being held as part of a joint estate. However...
The British Columbia Personal Property Security Act (“PPSA”) has recently been updated to provide new rules for determining the location of a debtor where security is taken over mobile or intangible personal property.
The challenges faced by bricks-and-mortar retail businesses are also being faced by the owners of the bricks and mortar. Shopping mall owners struggle when their tenants struggle, and many landlords are now considering “doubling down” on their tenant’s business by also acting as lenders.
In Part 1 we discussed the factors to be considered in deciding whether to deal with a deceased person's insolvent estate under either the Wills, Estates and Succession Act ("WESA") or the Bankruptcy and Insolvency Act ("BIA"). In this concluding part, we will discuss the court proceedings in general terms under the WESA and the BIA.