Residential Real Estate Conference 2024
Course Date: December 5, 2024
Total: 6h 22min
Total Ethics: 1h
Residential Real Estate Conference 2024
Course Date: December 5, 2024
Total: 6h 22min
Total Ethics: 1h
Welcome and Land Acknowledgement (9:00 – 9:10)
Lawrence Guerin — Musqueam Indian Band, Vancouver
Teresa Sheward — Program Lawyer, CLEBC, Vancouver
Teresa Sheward — Program Lawyer, CLEBC, Vancouver
Timothy J. Lack — Redpoint Law LLP, Vancouver
Lisa Niro — Bell Alliance LLP, Vancouver
Lisa Niro — Bell Alliance LLP, Vancouver
Preliminary Matters and the Retainer (9:10 – 9:50)
- retainers and initial client communication
- the "done deal" contract and the limited scope retainer
- duty of care, limiting liability, and reducing errors
- distilling the checklist for that file
- issues with identifying the clients
- duties of other parties and duties owed to other parties
- searches and investigations
Timothy J. Lack — Redpoint Law LLP, Vancouver
Property Issues (9:50 – 10:30)
- strata property issues
- unregistered issues
- surveys, inspections, and appraisals
- zoning issues, strata due diligence, and parking issues
- exceptions to Indefeasible Title
K. Kathrine Uppal — Bleay Both Uppal LLP, Vancouver
BREAK (10:30 – 10:45)
Licensees, Mortgage Brokers, and Other Regulated Players (10:45 – 11:15)
Michael Drouillard — Drouillard Lawyers, Vancouver
Timothy J. Lack — Redpoint Law LLP, Vancouver
Bruce D. Woolley, KC — Barrister & Solicitor, Surrey
The Contract of Purchase and Sale (11:15 – 12:00)
- amendments
- repudiations
- vagueness and conflicting terms
- representation and warranties
- conditions precedents
- tenancies, implied terms, and special clauses
Mikis Manolis — Hammerco Lawyers LLP, Vancouver
Lisa Niro — Bell Alliance LLP, Vancouver
LUNCH (12:00 – 1:30) with Featured Speaker
Navigating New Uncertainties: Policy, Rates, and the Housing Market (12:30 – 1:15)
Bryan Yu — AVP Chief Economist, Central 1 Credit Union, Vancouver
Tax Considerations (1:30 – 2:15)
- GST
- enhanced rental housing rebate
- changes in use
- sale of investment property by non-registrants—filing the return and claiming a rebate
- flipped property rule for income tax—no equivalent for GST
- Speculation and Vacancy Tax/Vancouver Vacancy Tax/Underused Housing Tax
- proof of tenancy and residency
- proof of income (for SVT)
- stacked ownership structures
- Additional Property Transfer Tax
- tracing of funds
- foreign entity holding beneficial interest
Zheting Su — Thorsteinssons LLP, Vancouver
Completing the Transaction (2:15 – 3:00)
- financing issues
- insurance issues
- undertakings
- delivery of funds
- late closings
- tenant and occupancy issues
Evan Drygas — Ledding & Company LLP, Vancouver
BREAK (3:00 – 3:15)
The Collapsing Deal (3:15 – 3:55)
- protecting the client's interest
- taking and getting instructions
- tendering
- remedies and damages
- preparing for litigation
Daniel Byma — Fasken Martineau DuMoulin LLP, Vancouver
Lisa Niro — Bell Alliance LLP, Vancouver
Lisa Niro — Bell Alliance LLP, Vancouver
Hot Topics Roundtable (3:55 – 4:30)
Timothy J. Lack — Redpoint Law LLP, Vancouver
Lisa Niro — Bell Alliance LLP, Vancouver
Lisa Niro — Bell Alliance LLP, Vancouver
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Slides: Preliminary Matters
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Handout: Information Package Excerpt – Pre-sale Undertakings
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