Tag: Buyer

Agreement of Purchase and Sale: Put it in writing.

You have decided to purchase or sell your home. The next step is to enter into an agreement of purchase and sale. It is important that the agreement be set out in writing, as per the Statue of Frauds. The...

By Noah Potechin of Merovitz Potechin LLP on Monday February 8, 2021.

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...

By Eric Lay of Merovitz Potechin LLP on Monday October 5, 2020.

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,...

By Frank Bourgault of Merovitz Potechin LLP on Tuesday August 18, 2020.

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...

By Merovitz Potechin on Tuesday August 11, 2020.

Drugs, Murder and Nudists

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...

By Merovitz Potechin on Wednesday August 28, 2019.

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...

By Merovitz Potechin on Thursday January 24, 2019.