Real Estate Law Blog

In December 2022, Vancouver City Council quietly enacted Bylaw No. 13575 (the “Amendment”), being an amendment to the City of Vancouver’s Parking Bylaw 6059 (the “Parking Bylaw”). Pursuant to the Amendment, accessible parking stalls in strata-titled developments must now be:

• held in common ownership; and
• not assigned to any strata lot.

Consequently, owner ...

When borrowers seek financing for real estate ventures, whether the borrowed funds are to be used for the acquisition of property, the construction of a project or to refinance existing debt for a longer term hold, in many cases the lender will require security for the debt to include guarantees from companies related to the landowner/developer and/or from one or more ...

The City of Vancouver (the “City”) has issued a new corporate policy on Letters of Credit that sets out the requirements that must be met where applicants for City approvals are required to provide security to the City for development or non-development projects.

The policy provides that the City will not accept any form of cheque (whether certified or not) or bank draft ...

It is common practice in lease negotiations for the parties to begin by informally negotiating the major lease terms. When the parties reach consensus on these major terms, they execute an offer to lease.  Such offer may be binding or non-binding.  A binding offer to lease is a contract itself and is enforceable.  Both parties should carefully consider whether they want the ...