Breach of Sales Agreements
Registering a Notice to try and save a Power of Sale
Often, borrowers loosing their home to a power of sale will take any advise they can get to stop the process. Borrowers are sometimes led...
Meeting your legal needs during Covid-19
At Levy Zavet, the health and safety of our clients and staff is our top priority. During this time, we are monitoring the COVID-19 situation as...
Private Lending: Do not Rely on Someone Else’s Appraisal!
Often private lenders will receive a brief term sheet with an email introduction from a mortgage broker or agent trying to place a mortgage deal. Included...
Levy Zavet Lawyers – Are restrictive covenants always totally and completely enforceable?
For most buyers purchasing real estate, it is common practice to check municipal by-laws to determine whether their intended use for a property will be permissible. What they may...
Levy Zavet Lawyers: A Real Estate Lawyer’s Top Tips for First-Time Homebuyers in 2020
As 2019 came to a close, many Canadians are setting their sights on 2020 and making plans for the next decade. If one of your New...
Do Private Lenders need a brokerage license to lend in Ontario?
The Mortgage Brokerages, Lenders and Administrators Act, 2006, requires that a mortgage lender hold a brokerage license in Ontario. And that a person or...
Why Would One Need a Real Estate Lawyer?
For most Canadians, the purchase of a home is the largest single investment that they will ever make. Not only is the purchase of a home a large...
What Happens if You Die Without a Will in Ontario?
Confirmation of Registration Report They say nothing is certain in life but death and taxes. We pay taxes on a daily basis but often try to avoid the thought...
Changes to the Mortgage Syndication Rules
As of July 1, 2018, the Financial Services Commission of Ontario (FSCO) will begin enforcing the changes to the O. Regulation 188/08 Mortgage Brokerages Standards of Practice under...
A MIC’s Specified Shareholder, Related Parties and Prohibited RRSP Investment Rules
The Question being asked is a brother or sister of a shareholder of a mortgage investment corporation (MIC) a specified shareholder (To qualify as a MIC...
MIC Foreign Investors & Withholding Taxes on Dividends
The Quick and Simple is that Yes, withholding taxes (usually 25% of gross amount unless subject to a tax treaty with the resident country of the...
Islamic Financing and Riba Free Mortgages
Over the last few years, and especially since the financial crisis of 2008, the concept of Islamic financing or banking has been gaining momentum as an...
Self Sabotage: When You Incorporate Without A Lawyer
So you looked up a few websites on incorporating, stumbled upon the government sites for filing articles of incorporation and decided to fill in the forms...
Challenges in Starting a MIC: Paying Dividends
One of the biggest challenges in running a MIC is when you first realize that the investors who were once your private lenders are now expecting...
A MIC does not simply allow you to raise money from the public!
Mortgage Investment Corporations ("MICs") are on the rise in Canada. With many of these MICs the founders and managers are confused over what regulators may or...
What Is A Medical Professional Corporation And What Are Its Advantages And Disadvantages
New doctors often face the question of whether to incorporate or not early on in their practice. In that regard the question that I am most...