Tag: agreement of purchase and sale
Tag: agreement of purchase and sale
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...
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...
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...
COMMERCIAL REAL ESTATE: A Brief on Real Property Acquisition & Disposition
Since the onset of the global economic struggles that hit the international business scene; trade and industry have been greatly affected. Commercial real estate in Canada...
