Insights and Updates from Clark Woods LLP
Welcome to the Clark Woods LLP Blog, your resource for expert commentary on legal developments, practical advice, and updates on our firm’s activities. Whether you’re seeking information on recent legal trends or looking for guidance on specific legal matters, our blog is here to keep you informed and engaged.
BC Home Flipping Tax is Now in Effect—Here’s What You Need to Know
The BC home flipping tax is officially in force, imposing a new tax on property sales within two years of purchase. The tax applies to profits made from selling a property in British Columbia, including presale contracts, if the seller owned it for less than 730 days....
The Blueprint for Success: Choosing the Right Business Structure in Metro Vancouver
When starting or growing a business, selecting the right structure is one of the most crucial decisions you’ll make. The foundation of your business’s operations, liability, and taxation rests on this choice. Why Your Business Structure Matters Your business structure...
Metro Vancouver Property Assessments Released: What Homeowners Need to Know
Metro Vancouver property assessments showed mostly modest changes in home values as the market remains stable for a second consecutive year. According to BC Assessment, most homeowners can expect their property values to fluctuate between -5% and +5%, reflecting a...
Bank of Canada rate drops look to continue well into 2025
What They Mean for Canadians in 2024 and Beyond Interest rates are falling and experts believe they could continue to fall well into 2025, providing welcome news for mortgage holders and potential homebuyers. The Bank of Canada’s recent decision to drop its...
Estate Disputes: Why It is Important to Have Strong Legal Representation
Protect your inheritance and resolve conflicts with skilled estate litigation lawyers The loss of a loved one is an emotional time, but the stress can be compounded when disputes arise over their estate. Whether due to an unclear will, perceived inequities in the...
Your Trusted Partner in Business Law in Metro Vancouver
Helping businesses in Metro Vancouver and the Fraser Valley thrive with expert legal solutions tailored to your needs Navigating the complexities of business law in Metro Vancouver is no small task. That’s why businesses across the region have turned to Clark Woods...
Metro Vancouver Real Estate Surges in October Amid Lower Mortgage Rates
Buyers return as sales jump 31.9% year-over-year, fueled by rate cuts October brought a significant shift to the Metro Vancouver real estate market as home sales surged following lower mortgage rates and months of below-average activity. Residential sales in the...
Mortgage Stress Test Being Dropped
Canadian mortgage holders looking to renew their home loan got some good news last month as the national banking regulator confirmed that it will be discontinuing a requirement that made it harder to change lenders. The Office of the Superintendent of Financial...
Cornhole Classic 2024 proudly sponsored by Clark Woods LLP
Clark Woods LLP was proud to sponsor this year’s Colon Cancer Charity Cornhole Classic hosted by The Goutsisson Family Foundation this summer. The event raised $30,000 for the BC Cancer Foundation, pushing the total funds raised for colon cancer support and awareness...