Unaffordability continues to wreak havoc on real estate market

On Behalf of Porter Ramsay LLP | Feb, 24, 2020 | Real Estate Law

Much property in British Columbia continues to be unaffordable to many which is fuelling the crisis in the market. High prices are actually forcing some British Columbia residents to look outside the province when it comes to securing real estate and some analysts say this is having a negative effect on market balance overall. Inflated prices make it difficult for some — like seniors, young families and single individuals — to purchase real estate in the province. Many prospective new buyers are virtually being pushed out of homeownership since they simply can’t afford a home. And current homeowners are feeling the... View Article

Wills and estates: How not to mess up an estate plan

On Behalf of Porter Ramsay LLP | Feb, 12, 2020 | Wills And Estates

Once people have made the decision to devote some time to their estate plans, knowing what’s essential is helpful, and knowing what screws up estate planning might also make the going a bit easier. Wills and estates can be tricky things for British Columbia residents, and even tiny mistakes could mess up otherwise good planning. Not keeping documents current is probably the number one faux pas for an existing plan, but there are others. It may seem obvious, but the number one mistake is not having a plan at all. The issues surrounding those who die intestate (or without a will) could... View Article