Real Estate Fundamentals 2020


Course Date: October 15, 2020

Full Course Materials
Total: 7h 8min

Day 1

Welcome and Land Acknowledgement (9:00 - 9:10)

Sergio C. Custodio Fasken Martineau DuMoulin LLP, Vancouver
Rachel V. Hutton Stikeman Elliott LLP, Vancouver

Statement of Adjustments (9:10 - 9:30)

  • purpose
  • specific types of adjustments
  • tax
  • rent
  • commissions
  • holdbacks

Dharam Dhillon MEP Business Counsel, Vancouver

Questions & Discussion (9:30 - 9:35)

BREAK (9:35 - 9:50)

Drafting the Purchase Contract (9:50 - 10:25)

  • parties and property
  • representations
  • conditions
  • amendments
  • assignments

Stacey J. Handley Gowling WLG, Vancouver

Questions & Discussion (10:25 - 10:30)

BREAK (10:30 - 10:45)

Commercial Property (10:45 - 11:20)

  • who is the seller?
  • who is the buyer?
  • what is being bought/sold?
  • leases
  • service contracts and equipment leases
  • project documents
  • labour and employment
  • purchase price
  • environmental

Neil Davie Norton Rose Fulbright Canada LLP, Vancouver

Questions & Discussion (11:20 - 11:25)

LUNCH BREAK (11:25 - 12:05)

Common Income Tax and GST Issues (12:05 - 12:45)

  • Income Tax
    • transactional considerations
    • principal residence
    • non-resident vendors and withholding
  •  Goods and Services Tax
    • when applicable
    • special considerations

Hardeep Gill Fasken Martineau DuMoulin LLP, Vancouver

Questions & Discussion (12:45 - 12:50)

BREAK (12:50 - 1:05)

Realty Specific Taxes and PST (1:05 - 1:50)

  • realty specific taxesoverview and common issues
    • Property Transfer Tax
    • Foreign Buyers Tax
    • Empty Homes Tax
    • Speculation and Vacancy Tax
    • related considerations
  • PST
    • real property contractors
    • fixtures
  • key practice points

Zheting Su Thorsteinssons LLP, Vancouver

Questions & Discussion (1:50 - 1:55)

Closing Remarks (1:55 - 2:00)

Sergio C. Custodio Fasken Martineau DuMoulin LLP, Vancouver
Rachel V. Hutton Stikeman Elliott LLP, Vancouver

Day 2

Welcome and Land Acknowledgement (9:00 - 9:10)

Sergio C. Custodio Fasken Martineau DuMoulin LLP, Vancouver
Rachel V. Hutton Stikeman Elliott LLP, Vancouver

Due Diligence (9:10 - 9:40)

  • title review
  • types of searches: what to search and why
  • material contract and document review
  • additional considerations for specific transactions
  • title insurance

Navnit Duhra Miller Titerle + Co., Vancouver
Peter Eirikson Miller Titerle + Co., Vancouver

Questions & Discussion (9:40 - 9:45)

BREAK (9:45 - 10:00)

Closing Procedures (10:00 - 10:20)

  • payment of funds
  • registration order
  • coordination with lenders
  • electronic registration

Sarah Batut Fasken Martineau DuMoulin LLP, Vancouver

Questions & Discussion (10:20 - 10:25)

BREAK (10:25 - 10:40)

Undertakings (10:40 - 11:00)

  • ethical considerations
  • nature of undertaking
  • general guidelines

Aneez Devji Richards Buell Sutton LLP, Vancouver

Questions & Discussion (11:00 - 11:05)

BREAK (11:05 - 11:20)

Mortgages (11:20 - 11:45)

  • key components of a mortgage
  • lender requirements
  • due diligence affecting mortgages
  • priority issues
  • mechanics of funding and registration

Laura Smith Fasken Martineau DuMoulin LLP, Vancouver

Questions & Discussion (11:45 - 11:50)

LUNCH BREAK (11:50 - 12:30)

Regulatory Disclosure and Transparency Requirements (12:30 - 1:00)

  • know your client obligations
  • handling funds
  • Land Owner Transparency Act

Wil Chan Dentons Canada LLP, Vancouver

Questions & Discussion (1:00 - 1:05)

BREAK (1:05 - 1:20)

The Collapsing Deal: When Things Go Wrong (1:20 - 1:50)

  • elections on breach of contract
  • tender
  • specific performance
  • restrictions on dealing with land pending litigation
  • damages
  • claiming the deposit

Shane D. Coblin Kornfeld LLP, Vancouver

Questions & Discussion (1:50 - 1:55)

Closing Remarks (1:55 - 2:00)

Sergio C. Custodio Fasken Martineau DuMoulin LLP, Vancouver
Rachel V. Hutton Stikeman Elliott LLP, Vancouver