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Articles by Scott D. Smythe
2024 B.C. Budget: More Changes To B.C.'s Real Estate Landscape
On February 22, 2024, the government of British Columbia released its Budget and Fiscal Plan 2024/2025 - 2026/2027 (the "Budget") outlining the province's priorities for the coming fiscal year.1 The Budget included several measures aimed at improving housing affordability in the province, including: the introduction of a new Home Flipping Tax; an expansion of the existing Property Transfer Tax ("PTT") exemption amounts for first-time home buyers and purchasers of newly built housing; and...
Amendments to Policy Statements 5 and 6
Effective March 8, 2023, the BC Financial Services Authority (“BCFSA”) amended Policy Statement 5 (“PS 5”) and Policy Statement 6 (“PS 6”), published pursuant to the Real Estate Development Marketing Act (British Columbia) (“REDMA”), which govern a developer’s ability to market development units before receiving a “building permit” or a “satisfactory financing commitment”, respectively.
Superintendent Of Real Estate Extends Early Marketing Periods For Developments Under Real Estate Development Marketing Act (British Columbia)
Canada: Superintendent Of Real Estate Extends Early Marketing Periods For Developments Under Real Estate Development Marketing Act (British Columbia) 18 May 2021 by The Lay of the Land , Scott Smythe , Madeleine Hawkins and Lindsay Frame McCarthy Tétrault LLP Your LinkedIn Connections with the authors To print this article, all you need is to be registered or login on Mondaq.com.
What Landowners Need To Know About The Land Owner Transparency Act And The Land Owner Transparency Registry
To print this article, all you need is to be registered or login on Mondaq.com. Overview Today, the Province put the Land Owner Transparency Act (British Columbia) (the "LOTA") into action and launched a new registry intended to make land ownership "transparent" in BC. As part of its 30-point housing affordability plan, the Province enacted the LOTA to combat money-laundering in the real estate industry and end so-called "hidden" land ownership.
COVID-19 Update: Rent Payment And Commercial Lease Enforcement During The Pandemic
To print this article, all you need is to be registered or login on Mondaq.com. The cornerstone of the global response to COVID-19 is social distancing. The effect of social distancing is perhaps nowhere more evident than in the halls of industry. Business, in all its forms, has or is in the process of being shuttered, and economic activity has largely ground to a jarring halt.
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