Winright Law is a team of lawyers serving Nanaimo who specialize in Business, Real Estate and Wills and Estate Planning. We provide legal services to our clients in Surrey, Vancouver, Burnaby, Langley, Maple Ridge, Nanaimo and Kamloops.
Business Lawyers in Nanaimo
Regardless of the size of your Nanaimo business, Winright Law will provide you with a variety of legal services and advice. Our lawyers serving Nanaimo can help you draft up any type of legal contract and take care of all the legalities that come with starting a small business, running a business, litigation, and purchasing and selling a business.
Our Nanaimo Business Legal Services Include:
- Registered and records office
- Share transfers
- Purchase and sale of business assets
- Purchase and sale of shares
- Mergers and acquisitions
- Contract drafting and contract reviews (e.g. partnership agreements, joint ventures, shareholder agreements, etc.)
- Corporate restructuring and reorganizations
- Employment agreements (non-competes, non-disclosure agreements)
The City of Nanaimo is growing at a rate that outpaces not just Vancouver Island, but the entire country. The city greets 3,000 new residents each year on average. This growth in population translates into increased demand for businesses. In 2019, 6,233 business licenses were issued in Nanaimo, with the largest industries being construction, technology, and retail.
The City of Nanaimo saw $445.3 million in building permit revenue in 2019 alone, almost doubling its previous best year. A significant portion of permits were issued to non-residential buildings, as commercial buildings have been in demand to accommodate the increased number of businesses.
In order to adapt to the number of people and businesses choosing Nanaimo as home, a number of infrastructure investments have been made. The Nanaimo Airport, Nanaimo Port Authority, Vancouver Island University, and Telus have together invested nearly $200 million in boosting critical infrastructure.
The labour force in Nanaimo has grown by over 7% annually from 2014 to 2018, compared to a provincial average of only 1.5%. Median household income in Nanaimo is lower than the provincial average, but it is expected to grow 5% faster than the rest of the province.
Overall, the outlook for Nanaimo is bright. It is not just growing, it is thriving. The city is showing all the signs of a healthy community that would be ideal for business investment. With the help of Winright Law’s business lawyers serving Nanaimo, your business could thrive too.
Reach Out to One of Our Experienced Surrey Lawyers
Contact us today at 604-559-2529 or email us at [email protected], and we will be happy to answer any questions you might have during your initial consultation.
How Our Nanaimo Real Estate Lawyers Can Help Clients
Whether you’re purchasing a home or commercial property in Nanaimo or you’re a real estate developer dealing with permits and bylaws, our Nanaimo real estate lawyers and legal professionals can provide guidance in making your transaction seamless. Avoid unnecessary headaches and hassle by completing your transaction at Winright Law.
Our Nanaimo Real Estate Law Services:
- Residential Purchases
- Residential Sales
- Residential Refinancing
- Private Lending
- Family Transfers
- Contract Drafting
- Contract Reviews
- Commercial Transactions
- Commercial Leasing
- Real Estate Property Assessment Appeals – Appeal Board
2019 saw a 65% increase in housing when compared to the previous year. A significant number of apartments and condos have been built in the city compared to single or detached homes. While detached homes still make up a majority of housing, there is a clear trend towards multi-unit residential projects.
On the other hand, while housing prices dropped in Vancouver and Victoria in 2019, Nanaimo saw an 11% increase in housing prices. The average price for a brand-new single-family detached home in Nanaimo cost $836,853 in 2019.
The rental market saw price increases as well, with an average rent increase of 8% in 2019. This increase is more than Vancouver (6%) and Victoria (3%). However, rent in Nanaimo was still significantly less expensive than those cities. The average monthly rent for a 2-bedroom apartment in Nanaimo was $1,084. At the moment, 33% of Nanaimo residents rent their homes.
How Our Nanaimo Estate Planning Lawyers Can Help
With the average household income in Nanaimo on the rise, it has never been more important for residents of Nanaimo to protect their estates with Nanaimo Estate Planning Lawyers. It is essential to set up a comprehensive plan that guarantees your assets are properly managed and distributed upon death. Winright Law’s lawyers serving Nanaimo in wealth preservation can make sure that happens.
Our Estate Planning Services Include:
- Declarations of Trusts
- Promissory Notes
- Family Trusts
- Cohabitation/Marriage Agreements
Nanaimo’s fastest growing age demographic is mostly greater than 65 years old, which is expected to grow by 17% in the next 5 years. With the value of homes increasing and average income increasing alongside, there is a rising number of Nanaimo residents planning to sell or transfer their properties.
Ensuring that you have a will, and that it is legally valid is the best way to make things easier on your family and friends, and Winright Law is here to guide you through every step. In situations where a loved one has passed on without a will, our lawyers can help you deal with the probate process and administer the estate appropriately. We can also help you preserve your wealth through other means including trusts, contracts, and promissory notes.
About Nanaimo, BC
Centrally located on the east coast of Vancouver Island, between the ocean and the mountains, 113 km north of Victoria, and 55 km across the Strait of Georgia from Vancouver. Nanaimo is home to a deep-sea port, a university, and a growing service-based economy. Nanaimo is critical to the health of not only the island, but the province. Vancouver Island University provides a steady stream of well-educated young people to Nanaimo’s workforce. Those graduates are finding work in a variety of industries as Nanaimo has found itself issuing more business licenses than ever before. New commercial construction projects are filling up as businesses choose to set up shop in Nanaimo over anywhere else.
Nanaimo’s economy has moved from a city that was largely dependent on the forestry sector to a diversified base including retail and wholesale trade, construction, manufacturing, knowledge-based and technology companies and government services.The city’s dedicated Economic Development office provides support to business owners and prospective business owners. The increased demand that always accompanies growth has been managed by multi million dollar investments in the airport and port authority. There has never been a better time to move yourself or your business to Nanaimo.
There are certainly no questions as to why Nanaimo lawyers at Winright Law are excited to provide legal services residents in this thriving city.
If you’re considering us for your legal services, you can book a free initial assessment by using our scheduler. Talk to our lawyers serving Nanaimo at your convenience to find out if Winright Law is right for you.