Residential & Commercial Closings
Does your occupancy period count towards your 12 month anti-flipping of property?
Bill C-32 makes a few simple changes to the Canadian Income Tax Act (the "Act") that have drastic tax consequences for those who have "flipped property". ...
Can a foreign buyer enter into a purchase for a Pre-Construction Condo that closes after the 2-year ban?
The simple answer, is no. Although not exactly clear, the language in the Prohibition on the Purchase of Residential Property by Non-Canadians Act (the "Act"), does...
Foreign Buyer Ban and Anti-House Flipping Laws Implemented in 2023
The Foreign Buyer Ban If you have been trying to buy a house over the last few years, you may feel it's impossible to get one...
What to discuss with your real estate lawyer when buying a condo
When purchasing real estate, the help of an experienced real estate lawyer can be invaluable. But if you are purchasing a condo, there are some notable...
What is Land Transfer Tax and How Do I Calculate How Much I Owe?
As the famous saying goes – 'Nothing is certain except death and taxes.' When purchasing or selling a real estate property in Canada, you must consider...
Understanding Delayed Occupancy Compensation
In Ontario, once qualified for enrollment with Tarion, a condo developer can initially set its own tentative and outside occupancy dates for a new condo development....
What is the role of a lawyer in a real estate transaction?
Buying a house is one of the most significant investments you will ever make in your life. You are not just buying a house where you...
Backing Out of a Purchase Agreement
Toronto has experienced the fastest growing market on record. Buyers have been participating in bidding wars, fighting hard to lock themselves into a contract on a...
Common Problems Buyers Can Avoid at Closing
Purchasing a new home can be very exciting. You find the home of your dreams and the seller accepts your offer. You imagine the life that...
Important Questions To Ask Your Real Estate Lawyer
Regardless of whether you are buying or selling a property, and no matter how many real estate transactions you have conducted in the past, there are...
