Residential & Commercial Closings
MORTGAGES & FINANCE: Residential Construction Financing
In the residential market, construction financing is available for customers who are planning to build a new home or who want to reconstruct an existing property...
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),...
THE BASICS TO LAND TITLE SEARCHES
A title search is conducted during the process of selling or purchasing or acquiring an interest in a property. Its purpose is to find out:If the...
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...
BUSINESS SENSE: Commercial Lease Enforcement & Remedies
The lease enforcement or implementation of the agreement between the landlord and the tenant should be deliberately followed to avoid any conflict and discussion. However, there...
THE BASICS OF A COMMERCIAL LEASE
The global economic recession unavoidably affected the commercial leasing market in Canada. This has caused landlords and tenants to think over their respective bargaining positions when engaging into...
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...
