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Category Archives: Other

What are disbursements?

Disbursements are out of pocket expenses incurred by your lawyer or notary in order to complete your transaction. They appear in all areas of law but are particularly noteworthy in real estate transactions, where the disbursements can end up be greater than the legal fees. When you are quoted a fixed fee for your transaction,…
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First Time Home Buyers and Property Transfer Tax

Am I a first-time home buyer? First-time home buyers are individuals who, in general terms: 1. have not previously held a registered interest in a principal residence anywhere in the world at any time; 2. have never received a first-time home buyers’ exemption or refund; 3. have continuously lived in British Columbia for at least…
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