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.
Soaring Metro Vancouver housing market defies rising interest rates with price gains
Home prices remain resilient in the face of rising interest rates Rising interest rates do not appear to be putting a damper on housing prices in Metro Vancouver. According to the most recent sales statistics from the Greater Vancouver Real Estate Board, the benchmark...
Surging Demand Outpaces Supply, Fueling Home Price Growth in Metro Vancouver
Home values in the Lower Mainland steadily rose in June as listings dwindled and demand surged. According to data from the Real Estate Board of Greater Vancouver (REBGV), the sales-to-active listings ratio last month was 20.9% for detached homes, 38.5% for townhouses,...
Landlords will have to pay interest on damage deposits in 2023
It is the first time since 2008 that property owners have been required to calculate the amount.
Federal foreign buyer ban puts pressure on Vancouver real estate market
The rule changes aimed to ease residential home prices come amid already cooling market.
Homeowners have until March 31 to file speculation and vacancy tax declaration
Residential property owners in many parts of B.C. have until March 31 to submit their speculation and vacancy tax declaration.
7 reasons why you should update your Will
Once a Will is drafted, it is easy to forget about. But failing to keep your Will up to date could have serious ramifications for the distribution of your estate and can cause distress and confusion for your loved ones once you pass. A well-drafted Will should include...
We asked ChatGPT to explain the pitfalls of using AI for legal advice
The results were eerily accurate There has been a lot of discussion in the media about ChatGPT, OpenAI’s incredible chatbot technology, which is capable of performing human-like conversations and tasks. So far, ChatGPT has passed exams for MBA courses at Ivy League...
Do you want to know how much your home is worth?
Current real estate market prices may not reflect assessed value, says BC Assessment It's that time of year again. BC Assessment recently released its home-price assessments showing most Lower Mainland homeowners saw a bump in the value of their property in 2022....
Happy holidays from all of us at Clark Woods LLP
On behalf of everyone at Clark Woods LLP, we want to wish our clients and the community a joyful and relaxing holiday season. This time of year is about celebrating with friends, family, and loved ones, and we hope you all get some much deserved time off.