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Potential Issues with Purchasing New Developments
Importance of Title Search
All You Need to Know About Mortgages with Roy Prince
Is It Required Under Law For A Corporation To Keep A Corporate Minute Book?
Keeping a minute book is a legal requirement for all Canadian incorporated businesses pursuant to the requirements of the Canada Business Corporations Act and Ontario Business Corporations Act to document…
Land Transfer Tax & Potential Rebates
Certain things in Canada are non-taxable or their tax rate is zero, such as basic groceries or prescription drugs. However, when you purchase a property in Ontario, you will have…
THE MATRIMONIAL HOME AND REAL ESTATE TRANSACTIONS
When you are selling or mortgaging a property, you should advise your lawyer if the subject property is your matrimonial home and/or of your current spousal status and the use…
THE PURCHASER AGAIN LOSES THE DEPOSIT
Canadian real estate legal practises are hard on buyers that fail to close the agreed upon real estate transaction. Almost certainly the buyer will lose the deposit and could also…
JANUARY 1ST, 2022, OUR GOVERNMENT WILL INTRODUCE CANADA’S FIRST NATIONAL TAX ON VACANT PROPERTY OWNED BY NON-RESIDENT, NON-CANADIANS
In recent weeks, there have been numerous talks about the taxation of the sale of principal residences, which talks made many homeowners fear these sweeping measures. However, Finance Minister Chrystia…
What changed for the purchasers of newly built freehold homes and condominium units as of February 1, 2021
There are several changes to the developer’s processes and documentation stipulated under Tarion that came into effect on February 1, 2021. A number of articles have been written to draw…