Real Estate Development Update 2023
Course Date: June 8, 2023
Total: 6h 15min
Total Ethics: 1h
Course Date: June 8, 2023
Welcome and Land Acknowledgement (9:00 – 9:10)
Teresa Sheward — Program Lawyer, CLEBC, Vancouver
Mark V. Lewis — Bennett Jones LLP, Vancouver
Edward L. Wilson — Lawson Lundell LLP, Vancouver
Structuring Joint Ventures and Partnerships (9:10 – 10:10)
- what is the right entity to choose?
- passive investment properties vs. development properties
- do you need a shareholders agreement?
- how many management agreements is too many?
- events of default and liquidity rights
- stalemate protections
- what to do when one partner/joint venturer is in financial distress
Jim M.J. Alam — Koffman Kalef LLP, Vancouver
Carmine Boskovich — Fasken Martineau DuMoulin LLP, Vancouver
Maxwell P. Carroll — Lawson Lundell LLP, Vancouver
Jordan Langlois — Kornfeld LLP, Vancouver
Mark V. Lewis — Bennett Jones LLP, Vancouver
BREAK (10:10 – 10:25)
Investment Restrictions and Vacancy Taxes and the Impacts on Developers (10:25 – 11:10)
- Prohibition on the Purchase of Residential Property by Non-Canadians Act
- Property Transfer Tax Act
- Speculation and Vacancy Tax Act
- Underused Housing Tax Act
- Empty Homes Tax Bylaw
Mark V. Lewis — Bennett Jones LLP, Vancouver
Shauna Towriss — Cassels Brock & Blackwell LLP, Vancouver
Legislative Update: New Legislation and Implications (11:10 – 12:00)
- Mortgage Service Act—how will it impact your clients?
- Strata Property Act—contingency reserve fund contributions and rental restrictions
- Money Services Business Act—a new world of regulation
- Real Estate Development Market Act Policy Statements
- Property Law Act—what is a cooling down period and when does it apply?
- Bill 32 (Canada) and trust account reporting
Lisa A. Frey — Lawson Lundell LLP, Vancouver
Edward L. Wilson — Lawson Lundell LLP, Vancouver
NETWORKING LUNCH (provided to in-person registrants) (12:00 – 1:00)
Working with BC Housing and CMHC (1:00 – 1:45)
- what are the types of transactions in which BC Housing is involved?
- what are the requirements that BC Housing seeks from non-profit borrowers or project proponents?
- what are the requirements that BC Housing seeks from private developers?
Susan Do — Boughton Law Corporation, Vancouver
Mike Walker — Miller Thomson LLP, Vancouver
Expropriation Update (1:45 – 2:30)
- expropriation primer
- Annapolis Group Inc. v. Halifax Regional Municipality, 2022 SCC 36—what does it mean for expropriation cases?
- what are the broader implications for development post-Annapolis?
James Goulden, KC — Norton Rose Fulbright LLP, Vancouver
Michael Moll — Civic Legal LLP, Vancouver
Phong Phan — Legal Services Branch, Ministry of Attorney General, Victoria
BREAK (2:30 – 2:45)
Development on First Nations Lands (2:45 – 3:30)
- the ABC's of development on First Nation land
- searches and due diligence
- leasing and development strategies and tips
- comparison of First Nation land regimes
John Doolan — Miller Thomson LLP, Vancouver
Jean Yuen — Boughton Law Corporation, Vancouver
Complex Issues for Urban Developments (3:30 – 4:30)
- pre-incorporation agreements post-Crystal Square
- negotiating agreements that accommodate electric vehicles
- sections vs. air space parcels in light of the Abstract decision
- parking leases—to register or not to register (a lease or an option)?
- construction easements—what is the current practice post-OSED Howe Street?
- trespass vs. nuisance
- is a licence enough?
- use of reciprocal agreements
- how much to pay?
- City of Vancouver requirements
Wil Chan — Dentons Canada LLP, Vancouver
Bradley Cronquist — Pushor Mitchell LLP, Kelowna
Alexander Fane — Sampson Davie Fane Volpiana LLP, Vancouver
Mark V. Lewis — Bennett Jones LLP, Vancouver
Alexander L.F. Mackoff — Terra Law Corporation, Vancouver
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