Canada: Real Estate and Construction

The British Columbia construction industry is undergoing a period of sustained stress. Dramatically decreasing market demand has resulted in an erosion of project equity across the province. As equity positions deteriorate, the viability of many projects is increasingly in question, particularly those that were marginally capitalized from the outset.

In recent years, the RTA has been amended to provide more and more protections to tenants faced with an eviction arising from the sale of the rental property.

Despite well-laid plans and best intentions, the complexity of construction projects can overwhelm even experienced contractors. When this occurs, owners face the risk of unfinished projects, and contractors face the risk of unpaid invoices.