Property Value

Take Care When Pricing Property #418

Legally Speaking

By Jennifer Clee Advising a seller as to an appropriate list price or reasonable sale price is fraught with risk in a hot market. A seller’s euphoria at achieving a sale price beyond wildest expectations quickly dissipates when the property resells shortly after at a significantly higher price, or when sales of comparable properties suggest

Fair Market Value of Leased Bare Land #216

Legally Speaking

By Gerry NeelyB.A., LL.B. It’s remarkable how often those who draft contracts, including leases and contracts of purchase, and those parties who sign them, find that a term of the contract that seemed perfectly clear to everyone is ambiguous and requires the aid of the court to decide what it means. An example of this

Tenancies, Subject to Existing #101

Legally Speaking

By Gerry NeelyB.A. LL.B. Lower interest rates have helped fuel a sharp increase in demand for properties in Victoria and the Lower Mainland, and I trust, throughout the Province. The increased demand has led to fewer listings and that will result in increased prices if demand continues. No one now anticipates that this increased demand