Draft & Review Agreements
Real Estate and New Environmental Laws
Passed on May 14, 2009, the Green Energy and Green Economy Act (“GEGEA”) and the enacted Green Energy Act (“Green Energy Act”) have as their main...
The Duty to Disclose Property Defects
This question often comes up with clients: Are we required to disclose latent defects in the property we are selling?A latent defect is a defect that...
REAL ESTATE: Depending on the age and type of property, the following off title searches may be necessary!
Occupancy permits: For a newly built or renovated dwelling or an extension or addition thereto, it is necessary to find out whether or not the local...
REAL ESTATE: The necessary off title searches when buying a property!
There are other searches besides a title search, that are necessary to assure title and enhance the marketability of a property. The purpose of these searches...
REAL ESTATE OPTIONS: Is an Option to purchase property marketable on the MLS?
An Option to purchase luxurious real estate is a contract between two parties giving the purchaser the exclusive right (without the obligation) to buy the property....
ASSIGNMENTS: Assigning your lease, rights in a partnership or intellectual property
Just like any other contractual right, real estate property rights can also be assigned. But, there are special duties and liabilities attaching to transfers of the right...
ASSIGNMENTS: Assigning your Contract to someone else!
Under a contract, the assignment of rights is the complete transfer of the rights to receive the benefits available to one of the parties to that...
BUYING A RESIDENTIAL INCOME PROPERTY – A Primer
With the Ontario real estate market demonstrating continued resilience, many people are still putting their confidence in real estate as an investment option across Ontario. These...
THE NEW HST: What all Home Buyers are Asking!
As part of its provincial budget, the Ontario government chartered a bill on March 26, 2009 that will adopt a single sales tax system tagged as...
The Income Tax Consequences for Selling Real Estate in Canada as a Non-Resident
Under section 116 of the Canadian Income Tax Act, non-resident vendors disposing of certain taxable Canadian property (partially listed below) are to notify the Canada Revenue...
