Tag: purchase
Tag: purchase
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...
Resulting and Constructive Trusts: The Various Types
Resulting Trusts Arising from Mortgage FraudThe Alberta Court of Appeal observed in Luitenko v. McAleer that a resulting trust arose out of mortgage fraud. The respondent,...
TYPICAL MORTGAGE FRAUD SCHEMES AND THEIR RED FLAGS
According to industry estimates, losses from mortgage fraud in Canada range into the hundreds of millions of dollars annually. Some criminal groups are each responsible for...
Business Purchase Gone Wrong
You decide to purchase a business-- either to consolidate the market, or enter into a new venture. After a hard fought negotiation and many wrinkles in...
