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.
Federal Government Proposes Mortgage Changes to Help First-Time Homebuyers
The federal government has announced mortgage changes that will make it easier for first-time home buyers to enter the real estate market and buy a home. Proposed changes floated by the Liberal government would see price caps removed and amortizations extended on...
Real Estate Agent Suspended for Misconduct after Forging Signatures in Richmond Land Deal
A British Columbia real estate agent has been suspended for six months for misconduct after admitting to forging signatures on key documents in a Richmond land assembly deal. The BC Financial Services Authority (BCFSA) announced last week that Ramandeep Singh Kooner...
Metro Vancouver Real Estate Market Sees Home Sales Slump in August
The Metro Vancouver real estate market continued to lag in August 2024, falling well below the ten-year seasonal average as high borrowing costs kept potential buyers at bay. According to the Greater Vancouver REALTORS (GVR), residential sales totaled 1,904 for the...
New rules go into effect to allow 30-year mortgages for some first-time homebuyers
Changes by the federal government aimed at making home ownership more affordable for first-time homebuyers went into effect this month, allowing 30-year mortgages for some prospective buyers, up from the standard 25-year term. As a result of the changes, which went...
Metro Vancouver Real Estate Market Sees Inventory Rise
The Metro Vancouver real estate market experienced a notable increase in new property listings in July 2024, with the total number of new listings rising nearly 20% year over year. However, despite the influx of new properties, residential sales in the region totaled...
New B.C. Renter Website to Protect Tenants from Bad Faith Evictions
The B.C. provincial government is launching a new website later this month they say will protect renters from bad faith evictions and improve the eviction process for landlords. Starting July 18, landlords must use the new Landlord Use Web Portal to generate Notices...
Metro Vancouver Home Sales Drop in June, Inventory Rises
Metro Vancouver home sales fell 19.1% in June 2024 compared to last year, well below historical and seasonal averages. According to the Greater Vancouver Realtors, which collects MLS data on home sales in the Lower Mainland, sales are down 23.6% over the 10-year...
New eviction rules could make buying a home more difficult, say housing industry insiders
There are new concerns over potential negative impacts new eviction rules put forward by the provincial government this month. As of July 18, the province is requiring landlords to give four months’ notice instead of two when evicting tenants for personal or family...
Clark Woods LLP Sponsors Coquitlam Little League with Field Naming Honour
The baseball field at Mackin Park is getting a new name this summer. Clark Woods LLP is proud to announce a sponsorship with Coquitlam Little League, which will see the ball diamond renamed to Clark Woods Field for the remainder of the season. The sponsorship comes...