On Behalf of Porter Ramsay LLP | Jun, 18, 2020 | Uncategorized
Getting out on the open road for a motorcycle ride is something most riders look forward to every summer. It can be exciting, freeing and relaxing. Unfortunately, riding can also be dangerous. People make mistakes and bad decisions when they get on the road. When these errors lead to a crash, the consequences can be devastating, particularly for someone on a motorcycle. So, who is responsible for motorcycle crashes? It depends on the cause of the crash. Common causes of a motorcycle accident Impaired drivers – Drivers who are drunk, drugged, drowsy or distracted can all be impaired. Critical driving... View Article
On Behalf of Porter Ramsay LLP | Jun, 16, 2020 | Real Estate Law
May brought encouraging news to the province’s housing sector. Analysts say recovery signs in the real estate market in British Columbia were encouraging last month, even though year-over-year numbers remained down. The British Columbia Real Estate Association (BCREA) said 4,518 residential homes were sold in May, up from April’s 3,284. Total sales dollar-wise grew from $2.4 billion to $3.3 billion. Even though sales are still down significantly, that little jolt in May was enough for analysts to begin to look on the bright side. BCREA said listings started to go back to more normal levels in May as well. Active... View Article
On Behalf of Porter Ramsay LLP | Jun, 02, 2020 | Real Estate Law
Investors are always wary of circumstances that could adversely affect their investments. In times of global worry and economic crisis, real estate investors need to be mindful of safeguarding their portfolios to weather the storm. Business is not as usual in British Columbia in these times and even lenders have revisited their lending policies, which is affecting investors — especially those with high margin investment methods such as student rentals, flipping, short term rentals and construction. Some investors have actually sold some of their properties, while some who can afford it have decided to lower rents for tenants who are having... View Article
On Behalf of Porter Ramsay LLP | Jun, 01, 2020 | Wills And Estates
Everyone makes mistakes in life. But there is no room for error when it comes to wills and estates planning. Before sitting down to write an all-encompassing estate plan, British Columbia residents would do well to know how to avoid some common pitfalls — the first being not have an estate plan at all. Things will get tricky for the loved ones of someone who dies intestate — meaning without a will. Another mistake is assuming all an estate plan needs is a will. A will doesn’t speak to many important issues like jointly owned properties or businesses, taxes, power... View Article
