Warm Wishes for a wonderful Easter with friends and family
Kelly Hudson • April 5, 2015
Kelly Hudson’s home made Easter sugar cookies
Kelly Hudson
MORTGAGE ARCHITECTS
RECENT POSTS
If you’re buying a condo, townhouse, or bare-land strata property in BC, there’s one document many buyers overlook: the depreciation report. Strata depreciation report requirements - Province of British Columbia And honestly… it’s one of the most important documents you can review before buying. I see this all the time with clients. Some buyers carefully review it. Others quickly skim through it just to “check the box.” But this report can affect: your mortgage approval future repair costs special levies insurance and how stressful ownership may become later So, let’s break it down in simple, real-world language.
Decisions relating to real estate can have significant financial and legal consequences. Before deciding how to share ownership of what is likely one of the largest investments of your life, I recommend consulting a real estate lawyer. Many Canadians purchase property together — including spouses, common-law partners, family members, friends, and business partners. Because ownership structure affects estate planning, taxes, creditor exposure, and control over the property, it’s important to understand your options before you sign. In Canadian property law, there are two primary forms of co-ownership: Joint Tenancy Tenancy in Common While these terms may sound similar, they have very different legal and financial effects — particularly if one owner dies, sells their interest, separates, or faces creditor claims.
