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Homeowner Protection Act, 2024: What Ontario Builders and Developers Need to Know
The Homeowner Protection Act, 2024 was introduced on June 6, 2024, resulting in significant updates to Ontario's real estate landscape. One of the most notable changes is the introduction of a 10-day cooling-off period for buyers of newly constructed freehold...
Six Hidden Costs Every First Time Homebuyer Should Know
Buying your first home is an exciting milestone, but many homebuyers are caught off guard by hidden costs. Buying your first home is an exciting milestone, but it can also come with unexpected expenses. At Merovitz Potechin LLP, we want...
Top Reasons to Consider Buying a Home in Winter
Introduction: Why Buying a Home in Winter is a Smart Choice While many people focus on staying warm and getting back into their routines during winter, this season may be the perfect time for homebuyers. If you're considering buying a...
Assignment of Residential Real Estate Transactions – Part 3 of 3
This is the final installment in our three-part series on assignment of residential agreements of purchase and sale. If you have not done so already, click HERE to read part 1 and HERE to read part 2.In part 1, we...
Amendments to the Prohibition on the Purchase of Residential Property by Non-Canadians Act
Amendments to the Prohibition on the Purchase of Residential Property by Non-Canadians Act On January 1, 2023, the federal government implemented the Prohibition on the Purchase of Residential Property by Non-Canadians Act and regulations (together, the “Act”) barring non-Canadians from...
