Residential & Commercial Closings
Ontario’s new real estate cooling off plan and the 15% foreign buyer tax!
Ontario's new real estate cooling off plan has the following changes: 1) 15% Non-Resident Speculation Tax on residential single family dwellings purchased by non-citizens or non-permanent residents...
New 2017 Ontario and Toronto Municipal Land Transfer Tax Rates
The new City of Toronto Land Transfer Tax Rates which are effective March 1, 2017 are as illustrated below. The City has decided to harmonize their...
Tips On Being A New Home Owner & Things You Could Do To Save Money
Tips on Being a Home Owner & things you could do to save money:Change the locks and make spare keys, update the alarm with monitoring and...
Buying or Selling a Home with an Oil Tank
What you need to be aware of when buying or selling a home with an oil tankOn June 28, 2001, the Ontario Legislature enacted the new...
Realtors; learn how to save a deal when spouses are feuding and being uncooperative over the sale of a property!
This article applies to legally married couples and not those in common-law arrangements. The long and the short of it is that IF both spouses are...
Everyone’s a “Builder”, but what does that mean in terms of HST?
For purposes below referring to a “house” includes a condo as well. Did you know that CRA will consider you a “Builder” if:1) You are an...
CONSTRUCTION LAW UPDATE: The Meaning of Builder Under the Ontario New Home Warranty Plan Act
In Ontario, Tarion Warranty Corporation (“Tarion”) is responsible for administering the Ontario New Home Warranties Plan Act R.S.O. 1990, CHAPTER 0.31 (the “Act”) and is remedial,...
Breached Agreements of Purchase and Sale: Can I Recover My Losses?
Many Real Estate transactions wind up breaking down between the point where an Agreement of Purchase and Sale has been signed and the transaction is completed...
REAL ESTATE LAW UPDATE: Can the Court Refuse a Remedy Under the Partition Act?
In a past article, it was discussed that under the Partition Act R.S.O. 1990 (the “Act”) one has a prima facie right to partition or sell...
Real Estate law: Can You Refuse to Close if Your Condominium Square Footage is Less Than You Bargained For?
In real estate law, representations are very important elements to any agreement of purchase and sale. Typically the party selling the property will represent things such...
