Draft & Review Agreements
THE ECONOMICS OF THE MORTGAGE INDUSTRY
Real properties (real estate) like buildings, lands, residences are generally acquired by a purchaser through taking a loan. The promise to repay this loan is backed by a...
REAL ESTATE: Latent & Patent Defects when purchasing a home. Need a home inspection?
Latent defects in the eyes of the law applicable at the time when administering the sale of a real estate property (land, buildings and fixtures or chattels),...
LAND TRANSFER TAX IN ONTARIO: And now the HST!
In Ontario, the land transfer tax has to be paid if land is purchased in the province or an interest in land is acquired therein. This...
LAND TRANSFER TAX – Avoiding the tax, Trustee to Beneficiary
A client came into see me and wanted to transfer title to his property from his parents name to his and his wife. He was concerned...
REAL ESTATE BASICS: What Every New Immigrant OR First Time Home Buyer Should Know About Buying Real Estate In Canada
Canada remains one of the countries attractive to the eyes of the people who plan to migrate. Currently, Canada has maintained its open doors to immigrants....
THE AGREEMENT OF PURCHASE AND SALE: Not Just Used In Real Estate!
An agreement of purchase and sale is a major key document in negotiating to buy and sell an asset. This is an agreement between the seller and...
STATUS CERTIFICATE REVIEW – A Way Out of the Deal?
Last week, one of my clients called to inform me that the sale of his condo unit failed to firm up because the purchaser’s lawyer advised...
Real Estate: Buying an Investment Condo Pre-Build and the GST/HST Rebate
A few months ago my clients came in to sign the builder documents for interim occupancy for their condominium unit which they purchased pre-build as an...
Understanding the Standard Agreement of Purchase and Sale – Part 1
Often my clients have their realtors prepare their agreements of purchase and sale without fully understanding the clauses that are inserted. Most real estate clauses contained...
