Author: marketing

A new piece of legislation for Canadian home buyers has reverberated through media outlets around the world. It is a ban that applies to “residential property”, says real estate litigation lawyer, Arsen Krekovic, with Hoogbruin & Company in Vancouver, BC. He adds that it is clearly defined in The Prohibition on the Purchase of Residential Property by Non-Canadians Act. It came into force...

Are you a resident with property in British Columbia, who might also travel often to other locations for work, or who enjoys living abroad for multiple months in a year? Then the Empty Homes Tax may impact you. Also known as the Vacancy Tax, this property tax carries specific rules and responsibilities that real estate lawyer, Arsen Krekovic at Vancouver’s Hoogbruin & Company, has some...

“It is yet to be seen what impact the newest legislation for the real estate market in BC will have,” notes Arsen Krekovic, real estate litigation specialist at Hoogbruin & Company. One of these is that homebuyers now have the added protection of a three-day cooling-off period which came into effect January 1, 2023. While buyers of residential property now have this buffer to perform their...

Shifts in the BC real estate market may affect the success of interactions between home buyers and home sellers. This is confirmed by the British Columbia Real Estate Association (BCREA). Residential sales have declined somewhat from the record highs seen in 2021. They are expected to fall further in 2023, perhaps by as much as 11%. However, real estate litigation specialist, Arsen Krekovic of...

In Vancouver’s sometimes sizzling real estate market a pre-sale may be the right opportunity for a first time homebuyer or an investor. A presale secures a property offered by a developer before it is built or completed. Prices may be rising so the purchase of a home that is not move-in ready can be lucrative and can happen before or during construction. While it can be a dream in the making...

What does the new legislation mean for residential home sellers and buyers? Arsen Krekovic, real estate litigation specialist at Hoogbruin & Company explains, “Homebuyers now have the added protection of a three-day cooling-off period. This comes into effect on January 1, 2023 and enables residential property buyers, who may have felt pressured to make a “no subjects” offer on their home...

In a recent post on market conditions affecting home sellers in BC’s residential real estate seeing far fewer transactions than expected. In addition, the possibility of deals collapsing was noted. One of the two critical impacts that can arise is the matter of  “When is a Deposit a Deposit”. The other is whether a seller can sue for damages. The two options are not necessarily...

Home sellers in BC’s residential real estate are seeing far fewer transactions than expected in this often enviably dynamic market. Even near year’s end, motivated buyers have typically still looked to purchase their dream homes. Yet, times have changed. Today’s post covers how deals can collapse. Let’s first look briefly at changes in real estate sales amidst the desire for real estate...

Is it time to harvest the effort and time you’ve put into your home property? Or time to reap the growth in the residential real estate property you invested in and are now selling so someone else can own their own home? In Vancouver’s season of home sales, you’d be wise to engage an experienced real estate litigation lawyer such as Arsen Krekovic at Hoogbruin & Company. A real estate...

The season of thankfulness is sweetest as you enjoy it in the comforts of your own home. Vancouver’s real estate litigation lawyer, Arsen Krekovic of Hoogbruin & Company has helped home buyers secure their homes with confidence in their real estate transactions. Some have overcome the early challenges of finding a home, working out the terms and conditions and financing – a task full of...