CLE Online

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

Teresa Sheward — Program Laywer, CLEBC, Vancouver
Timothy J. Lack — Redpoint Law LLP, Vancouver
Lisa Niro — Bell Alliance LLP, Vancouver

Case Law Update (9:10 – 9:55)

• encroachments
• Time is of the Essence and Waiver
• removing Certificates of Pending Litigation

Yarden Gershony — Rush Ihas Hardwick LLP, Kelowna
Stefani Lefebvre — Rush Ihas Hardwick LLP, Kelowna

LTSA Update (9:55 – 10:25)

• common defects when registering POAs
• what are requirements for registering short form leases or options to purchase?
• why doesn't filing an application to deposit plan for a subdivision plan or strata plan trigger a requirement to file a LOTA report at the same time?
• LOTR update

Larry S. Blaschuk — Registrar of Land Titles, Land Title and Survey Authority of BC, New Westminster

BREAK (10:25 – 10:45)

Transactional and Realty Taxes Update (10:45 – 11:30)

• GST
• Property Transfer Tax ("PTT")/Foreign Buyer Tax ("FBT")
• Empty Homes Tax ("EHT")
• Speculation and Vacancy Tax ("SVT")
• Underused Housing Tax ("UHT")

Zheting Su — Thorsteinssons LLP, Vancouver

Collapsing Deals (11:30 – 12:15)

• common reasons real estate transactions collapse
• how to handle a collapsing deal as a legal representative; pre-collapse, during, and post-collapse
• special considerations when handling a collapsing deal
• remedies for the innocent party and practical considerations
• timing for closing
• recent case law update: Sandhu v. Uppal Farms & Greenhouses Ltd.

Andrew R. Morrison — Shields Harney LLP, Vancouver
Lisa Niro — Bell Alliance LLP, Vancouver

LUNCH with Featured Speaker (provided) (12:15 – 1:30)

"Rates, Recession, and the Housing Market" (12:45 – 12:15) 
Bryan Yu — Chief Economist, Central 1 Credit Union, Vancouver

Rural and Recreational Real Estate (1:30 – 1:50)

• differences between a city lot and a piece of rural property 
• Agricultural Land Reserve and its significance
• Livestock Act and the Livestock Lien Act provisions
• the law around fences, water licences, range tenure, Crown grants, grazing leases, easement, dogs
• tax issues—GST as a potential trap for the unwary

Mary E. MacGregor, KC — Mary MacGregor Law Corporation, Kamloops
Brett A. Squair — Davidson Lawyers LLP, Vernon

Title Insurance (1:50 – 2:15)

Title insurance is available to lenders and borrowers—common examples:

• • surveys (encroachments)
  • strata special assessments, levies not properly disclosed
  • certain charges registered on title
  • certain outstanding work orders

CRA deemed trusts, usually GST (self-employed taxpayer owns the property and does not remit GST):

• • due diligence search that will give clearance
  • deemed trust takes priority over mortgage security if pre-existing GST liability
  • limitation on deemed trust may be up to 10 years: endorsements available to cover CRA trust claims post-discharge of the security

Borrower fraud (identity theft):

• • what due diligence is required on behalf of lawyers to identify fraud?

Title insurers may sue the lender's lawyers by way of subrogated claims:

• • lawyer negligence or participation in the fraud
  • failing to do a lien and judgement search on an advance of funds
  • failing to identify a fraud if certain red flags are up

Policies differ: check exclusions—title insurance is for your client, not for you

Alan Frydenlund, KC — Owen Bird Law Corporation, Vancouver

Mortgage Law Update (2:15 – 2:45)

An overview of important practice points and updated case law;
the seminal cases and considered cases on:

• • interest rate "bumps"
  • prepayment penalties
  • protective disbursements
  • super priority liens
  • liability of professionals
  • covenantors
  • corporate borrowers
  • solicitor's duties and obligations

Timothy J. Lack — Redpoint Law LLP, Vancouver
Jennifer M. Wong — Richards Buell Sutton LLP, Vancouver

BREAK (2:45 – 3:00)

Pre-sale Purchases (3:00 – 3:20)

• what happens when there are delays in the construction start or completion dates of pre-sale residential developments?
• what lawyers advising both developers and purchasers should be aware of 
• steps that developers should take when faced with delays
• remedies available to purchasers under the Real Estate Development Marketing Act 

Edward G. Wong — Edward G. Wong Law Corporation, Vancouver

Hot Topics Roundtable (3:20 – 4:20)

• the Federal ban on non-Canadians buying land (?) (residences?) in Canada, starts January 1, 2023
• provincial legislative initiative to require licensing for all lenders

Timothy J. Lack — Redpoint Law LLP, Vancouver
Yarden Gershony — Rush Ihas Hardwick LLP, Kelowna
Stefani Lefebvre — Rush Ihas Hardwick LLP, Kelowna
Lisa Niro — Bell Alliance LLP, Vancouver
Edward G. Wong — Edward G. Wong Law Corporation, Vancouver
Jennifer M. Wong — Richards Buell Sutton LLP, Vancouver

Closing Comments (4:20 – 4:30)

Timothy J. Lack — Redpoint Law LLP, Vancouver
Lisa Niro — Bell Alliance LLP, Vancouver