Categories
Vacant Unit Tax
On May 11, 2022, The City of Ottawa (the "City") instituted a new By-Law related to vacant residential properties. The By-Law includes three key components that every residential homeowner should be aware of: The City has made the determination that, moving forward, a homeowner should...
A homebuyer’s guide to home inspection reports
Congratulations! You have just purchased a property and it is conditional on inspection by a home inspector. What happens when you receive your home inspection report and there are one… two… ten… fifty things wrong with the property? What do you do? ...
Federal Budget 2022: Ottawa to Implement Canada-Wide Anti-Flipping Tax
The 2022 Federal Budget introduces a new deeming rule to ensure profits from flipping residential real estate are subject to full taxation. The proposed Anti-Flipping Tax would affect homeowners who sell a principal residence that they have owned for less...
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...
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...
