Buyer
The Sellers Say They Won’t Close: Will the Courts Make Them?
Rising real estate prices create incentives for sellers to try to get the most out of their agreements. The hot markets in most of Ontario since the initial pandemic restrictions were loosened are no exception, and we have seen an...
Updated Repair and Warranty Deadlines for New Home Builders and Buyers
On July 6, 2020, Tarion announced the reinstatement of certain statutory timelines that had previously been suspended pursuant to Ontario’s Emergency Order. Builders and buyers should take note that the following rules will apply to builder repairs, warranty submission timelines,...
The Federal Home Equity Capital Gains Tax
As federal and provincial government deficits skyrocket due to COVID-19 support payouts such as the CERB, governments at all levels will be searching for new revenue sources in the not-so-distant future to try and balance budgets. One way to accomplish...
Drugs, Murder and Nudists – What Must be Disclosed During a Real Estate Sale in Ontario?
When purchasing a home, most buyers want the confidence that the home they are buying is in good shape and that the neighbourhood they are moving into lives up to their expectations. With the help of real estate agents, a...
Disclosure of Murder or Death in an Ontario Real Estate Sale
When looking to purchase real estate in Ontario, buyers should always perform their due diligence regarding the property. While this makes sense in terms of performing a physical home inspection with a licensed home inspector before finalizing the agreement, what...
Buying A Home: Backing Out Of A Purchase
For most residential real estate purchases - both houses and condos - there is a grace period where you may retract your offer before it is accepted. But once that offer is accepted - barring any conditions that are not...
Majority Of Home Sales Driven By Older Individuals
There has been a noticeable decline in mortgage activity amongst Canadians. Generally speaking, younger individuals - ages 38 and younger - seem to be struggling to break into the residential real estate market. While overall home sales have been down...
Condominium law restricting rents may affect investors
There is a great deal of news surrounding the rising cost of rent in Canadian cities. However, many condominium owners who seek to earn rental income from Ontario real estate investments are actually in the negative due to the cost of...
3 things to know for prospective condominium owners in Ontario
Condominium ownership comes with many benefits. But it also comes with rules and regulations that may govern everything from the cost of monthly maintenance fees to what type (if any) pets you can keep.As a potential condo owner, knowing some...
New condominium law to help regulate financial transparency
When choosing to invest in a condominium, buyers need to take monthly condo fees into consideration. Understandably, increases to these fees can cause a stir and many buyers want to understand what kinds of increases are allowed under condominium law....
