By Gerry NeelyB.A., LL.B. Three columns 1 have discussed cases where a seller’s inability to clear the title of a private easement, allowed purchasers to repudiate contracts because of paragraph one of the Contract of Purchase and Sale. It allows restrictive covenants and rights-of-way that are in favour of only utilities and public authorities to remain on …
By Gerry NeelyB.A., LL.B. When limited dual agency is consented to by the seller and buyer, the fact that the agent now has two principals to whom duties are owed, leads to unexpected consequences and a dilemma for which there may be no certain answer, as the following facts demonstrate. A seller and buyer who …
By Gerry NeelyB.A., LL.B. An interest rate in excess of 60% is illegal under Section 347 of the Criminal Code. In one case, a $10,000 bonus on an advance of $180,000, secured by a mortgage for $190,000, to be repaid in 30 days without interest, resulted in an effective annual interest rate of 89%. The …
The British Columbia Real Estate Association acknowledges that our head office is located on the unceded traditional territories of the Coast Salish Nations of Sḵwx̱wú7mesh (Squamish), səl̓ilwətaɁɬ (Tsleil-Waututh), and xwməθkwəy̓əm (Musqueam). We also acknowledge the other 195 First Nations in British Columbia, as these are the lands we each call home.
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