Family law: Divorce isn’t all negative for children

On Behalf of Porter Ramsay LLP | Jan, 31, 2018 | Family Law

It’s hard for some people to see any positives in divorce. When a couple splits up in British Columbia it is often associated with negatives, and the impact it may have on children are also thought to be negative. But, there are some positives children could take away from the end of their parents’ marriage. No one wants a child to have to toughen up, but divorce may give children some skills that they wouldn’t have otherwise developed. Available resources can provide parents with the tools to help their children through family law proceedings in the most positive way possible. If there is one thing divorce... View Article

2018 real estate sales expected to cool off in British Columbia

On Behalf of Porter Ramsay LLP | Jan, 17, 2018 | Real Estate Law

Realtors are expecting home sales to drop in 2018 to the tune of about 10 per cent, but don’t expect that dip to make a significant difference in the market overall. However, British Columbia real estate prices are set to climb, according to economists with supply and demand out of sync — there aren’t enough housing starts to meet the demand. That volatile marriage is what creates price increases. According to the Canadian Real Estate Association (CREA), a new stress test for mortgages that are uninsured may also reduce the buying power of many in the market. The national real... View Article

Factors affecting real estate values in 2018

On Behalf of Porter Ramsay LLP | Jan, 01, 2018 | Real Estate Law

Home prices skyrocketed in 2017. The cities that felt the most impact were Toronto and Vancouver. Prices dropped somewhat in British Columbia when the province initiated a tax on foreign buyers. But still, a house that sold for about $708,000 in 2015 shot up to around $933,000 and then down to about $896,000 after the tax was implemented. One of the things that is likely to affect real estate values in 2018 is the stress test initiated by the federal government. That means that home buyers must show they can qualify for more of a mortgage. In other words, if... View Article