The Bank of Canada recently announced its third interest rate cut of 2024, reducing the overnight rate by 0.25%, bringing it to 4¼%. A fourth cut is expected later this year. For homebuyers in British Columbia, this change can offer more affordable borrowing opportunities, but it’s essential to consider additional factors beyond just interest rates […]
Bank of Canada’s Third Rate Cut: Impact on BC Real Estate Read More »
When it comes to estate planning and managing property ownership, adding or removing someone from the title of your property in British Columbia can have significant legal, financial, and tax implications. Understanding these consequences is crucial for making informed decisions about your estate. In this blog, we’ll explore the pros and cons of altering property
Estate Planning FAQs: Pros and Cons of Changing Your Property Title Read More »
The Bank of Canada’s recent decision to cut its key lending rate from 4.75% to 4.5% marks another significant shift in monetary policy, providing a much-needed reprieve for homeowners and potential buyers. This rate cut continues the trend of easing monetary policy and brings immediate financial relief and new opportunities for those looking to buy
How Homebuyers Can Benefit from the Recent Bank of Canada Rate Cut Read More »
Selling a property in British Columbia (BC), Canada, involves more than just listing your home and accepting an offer. There are various costs associated with the process that sellers need to consider. Understanding these expenses can help you better prepare and maximize your profit. Here’s a comprehensive breakdown of the costs you may incur when
Breaking Down the Costs of Selling a Home in BC Canada Read More »
The real estate industry in British Columbia (BC), Canada, is dynamic and diverse, characterized by a mix of urban centers, suburban neighborhoods, and scenic rural areas. With a strong economy, desirable living conditions, and a steady influx of residents, the BC real estate market remains robust. Whether you’re in Vancouver, Victoria, or any other part
How to Sell a Property in British Columbia, Canada: A Comprehensive Guide Read More »
As the deadline for property tax payments approaches in British Columbia, homeowners need to be aware of the Home Owner Grant. This valuable program can significantly reduce the amount of property taxes you pay on your principal residence. Whether you live in a bustling urban center or a serene rural area, this grant is designed
Maximizing Your Home Owner Grant: Reducing Your Property Taxes in BC Read More »
The terrain of property transfer tax (PTT) in British Columbia, Canada, can seem like a maze, particularly for couples facing the emotional and logistical complexities of a marriage breakdown. However, amidst the intricate web of BC’s PTT laws lie exemptions that offer clarity and relief during this challenging time. In this comprehensive guide, we’ll unravel
Examining How Marriage Breakdowns Influence Property Transfer Tax Exemptions Read More »
As a law firm specializing in conveyancing services, we recognize that tax law changes can significantly impact your real estate transactions. With the 2024 federal budget proposing changes to the capital gains tax inclusion rate, it’s essential for buyers and sellers to understand these implications. Here’s a breakdown tailored to your real estate needs. What
Capital Gains Tax Changes 2024: Implications for Real Estate Transactions Read More »
The dream of homeownership is becoming a reality for more Canadians, thanks to recent enhancements announced by the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance. These changes, part of Budget 2024, aim to address the challenges faced by young Canadians in saving for a down payment and qualifying for an affordable mortgage.
Bridging the Gap to Homeownership: Recent Changes for Canadian Home Buyers Read More »
Are you considering investing in Canadian real estate? The recent press release from the Bank of Canada offers valuable insights that could shape your decision-making process. Let’s start by understanding what the Bank of Canada recently announced before delving into its implications for potential property buyers. The Bank of Canada has decided to maintain its
Northam Law is a boutique law firm located in the beautiful Kitsilano neighbourhood of Vancouver.
(604) 630-2350
Melissa has 8+ years of combined Commercial, Business and Contract Law experience as In-House Counsel in manufacturing, health, real estate development, and broadcast communication industries. She is instrumental in developing strategies to minimize legal risk and ensure regulatory compliance.
She has 6+ years of Human Resources Management experience and a Chartered Professional in Human Resources (CPHR) designation. Her practice includes Family Law, Civil Litigation, Wills & Estates and Real Estate & Conveyancing.
For fun, she visits ancient sites and ruins and belts out popular Broadway tunes.
Northam Law is a boutique law firm offering advisory services in Real Estate Law and Conveyancing, Business Law, and Human Resources. Our practice areas also include Wills & Estates and Family Law. Notarization services are also available.
