Tag: toronto
Tag: toronto
Agreements of Purchase and Sale: Fixtures, Chattels and Rental Items
Fixtures and chattelsThe specification of chattels versus fixtures happens to be one of the more contentious issues arising in a real estate transaction. To recap past...
Understanding the Deposit in a Real Estate Transaction
The depositA deposit on a real estate transaction is regarded as consideration by the buyer to the seller to sell their property at a future date. If...
The Duty to Disclose Property Defects
This question often comes up with clients: Are we required to disclose latent defects in the property we are selling?A latent defect is a defect that...
MORTGAGE DEFAULT: Power of Sale or Foreclosure?
Although generally the real estate market in Ontario has been robust, the frenzied market of the past has caused an increase in mortgage defaults as a...
DAMAGES IN REAL ESTATE
When a vendor or purchaser breach an agreement of purchase and sale by not completing the sale transaction, the innocent party may suffer damages and should...
PIERCING THE CORPORATE VEIL: The Doctrine of Alter Ego
I recently got a phone call from a client after he had been served with a law suit. He had entered into an agreement of purchase and...
Competition Bureau and the Canadian Real Estate Associations (“CREA”): More Private Deals on the Horizon?
Recently the Canadian Competition Bureau requested that CREA open up the Canadian real estate market by making the Multiple Listing Service (“MLS”) open to the public...
