Property

Property means anything that can be owned. Real property is land and things attached to it, such as buildings; personal property includes goods, equipment and vehicles, as well as intangibles such as shares, debts and intellectual property rights.

How BC law treats it

Land is governed by the Land Title Act, RSBC 1996, c 250 and the Property Law Act, RSBC 1996, c 377, and security over personal property by the Personal Property Security Act, RSBC 1996, c 359. Commercial leases are governed by the lease, the common law and the Commercial Tenancy Act, RSBC 1996, c 57, not the Residential Tenancy Act.

What it means for your business

Whether an asset is real or personal property determines how it is transferred, financed and protected.

Risks and common mistakes

A lender that fails to register its security interest in personal property under the Personal Property Security Act can lose priority to other creditors.

Fulcrum's real estate lawyers can help with these issues.

General information about British Columbia and Canadian law, current to October 2026. It is not legal advice.