Pushor Mitchell Lawyer Mark Brade will co-present at a Trial Lawyers Association of BC webinar with Paul Kent of Lindsay Kenney on the topic of Criminal Cross Over: Criminalization of Property Transfer. The webinar will take place January 26, 2023, at 12:35pm – 1:35pm and will be moderated by Pushor Mitchell Partner Bryan Fitzpatrick.
There is no question that affordable housing remains an issue in Canada. In light of the high housing prices, the Federal Government has taken action to ensure residential homes in Canada are being sold to Canadian buyers by implementing the Prohibition on the Purchase of Residential Property by Non-Canadians Act (“the Act”). In effect as of 1 January 2023, the Act limits non-Canadians from purchasing residential property in Canada for a period of two years.
Mark will lead a discussion of the application of the legislation: who is affected, what properties are within the scope of the prohibition, what does “purchase” mean under the legislation, what exemptions currently exist, and what are the enforcement provisions; plus further discussion of foreseeable solicitor file work which may generate questionable applicability of the prohibition.
To register click HERE.