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What`s New in the Law for Motor Vehicle Accidents?

In September 2010 some significant changes were made to the SABS – the Statutory Accident Benefits Schedule. These changes impact what benefits are available to an...

Buying or Selling a Home with an Oil Tank

What you need to be aware of when buying or selling a home with an oil tankOn June 28, 2001, the Ontario Legislature enacted the new...

Parent and Grandparent Super Visa

Effective December 1, 2011, parents and grandparents of Canadian Citizens or Permanent Residents may apply for a Parent and Grandparent Super Visa to allow for extended...

A MIC or a Mortgage Investment Corporation: What are they and how do you start one?

With significant potential for favourable rates of return and previously instituted tax exemptions, Canadian Mortgage Investment Corporations (MIC’s) are increasingly becoming recognized as a low-risk method...

What Is A Heritage Building in Toronto, Ontario?

The City of Toronto has been experiencing a shift of rapid development, and the scarcity of property resources accessible for further growth have led developers to...

Professional Corporations: What are they and how are they different from any other corporation?

Prior to the end of 2001, professionals could not incorporate their practices except as allowed by the laws that regulated their specific profession (all compliant professional...

CONDOMINIUM LAW: Too Many Loud Parties in Your Condominium Building?

Recently a Client who owned a condominium unit in a condominium building, came into my office and complained that he was being a target of an...

Corporate and Private Business | Business Lawyers

At Levy Zavet PC we offer a wide range of business consulting services including Corporate and Securities Law. The Levy Zavet team specializes in the matters...

Real Estate Lawyers

Whenever buying, selling or renting a property, signing a contract is always involved. Real Estate Law covers sales, purchases, leases, construction, development and other transfers of...

Can a lender charge a mortgage pre-payment penalty under Power of Sale proceedings or once the mortgage term has matured, regardless if it is an Open or Closed Mortgage?

Under section 17 of the Mortgages Act, and pursuant to relevant case law the answer is “Yes” the lender can.  Subject to the wording in the...