A Comprehensive Guide to Title Insurance in Toronto Ontario

Title Insurance is a form of indemnity insurance that provides homeowners and lenders with protection against financial loss due to defects in the title to real property. Unlike traditional insurance, which guards against future events, Title Insurance covers events affecting the title that have already occurred. Why You Need Title Insurance Protection Against Hidden Defects:…

Real Estate Lawyer Fees in Toronto: A Detailed Overview

real estate lawyer explaining the various fees and structures inherent to overseeing and reviewing real estate transactions in Toronto.

Navigating the real estate market in Toronto requires a keen understanding of various expenses, notably the critical role played by real estate lawyer fees. Whether you’re embarking on purchasing, selling, or refinancing property, the expertise of a seasoned real estate lawyer is invaluable. These professionals ensure that all financial and legal aspects of the transaction…

Do I need a real estate lawyer in Toronto Ontario?

Are you contemplating a real estate transaction in Ontario or Toronto and wondering, “Do I need a real estate lawyer?” Contrary to the common belief that their involvement isn’t legally mandatory, in reality, the role of a real estate lawyer is integral to the legal completion of these transactions. In Ontario, real estate lawyers are…

What Does “Duty of Honesty” Mean In An Agreement of Purchase and Sale?

In an earlier article I discussed the duty of good faith in the formation and performance of resale residential agreements of purchase and sale with particular focus on a buyer relying on his conditions to terminate an agreement. Typical conditions include the buyer arranging financing and/or insurance, and performing a home inspection, all of which…

Rental Items in Real Estate Transactions

When it comes to listing agreements and Agreements of Purchase and Sale, dealing with rental items, such as hot water tanks, water softeners, furnaces, or air conditioners, can be a complex task. To avoid potential issues, it’s essential to confirm the true nature of these items and ensure they are accurately disclosed in the contracts….

The Potential for Real Estate Agent Commission in Toronto Despite Rejected Offers

An interesting facet of real estate transactions is that agents can sometimes be entitled to their commission, even if the seller refuses to accept the offer they have procured. This aspect can be a boon for agents who have invested significant effort into securing an offer that aligns with the listing agreement, only to have…

Understanding the HST Rebate for New Homes and Condominiums In Toronto

maze to a home with an HST rebate that indicates the complexities of getting an HST rebate in Toronto.

The HST Rebate is a significant consideration for individuals purchasing new homes or condominiums directly from builders. This guide aims to clarify eligibility, conditions, and implications of the HST New Housing Rebate, ensuring buyers are well-informed about their potential entitlements and obligations. Key Takeaways Eligibility for the HST New Housing Rebate Primary Residence Requirement Eligibility…

Understanding the Taxation of Non-Resident Real Estate In Toronto

neon tax sign

Real estate transactions involving non-residents can involve complex taxation processes, especially in Ontario. Under Section 116 of the Income Tax Act, if a non-resident of Canada sells real property, the buyer is legally obligated to withhold and remit 25% of the sale price to the Canada Revenue Agency (CRA). This process is designed to ensure…

Front Yard Parking Rules in Toronto: A Detailed Guide for Residents

A red car parked on Bloor St. in Toronto Ontario.

Understanding the rules and regulations surrounding residential front yard parking in Toronto can be quite complex. However, it’s crucial for property owners to stay informed about these regulations, as violations can result in penalties. This guide aims to clarify the key aspects of front yard parking, from permit applications to determining the legality of parking…

What is WETT: Wood Energy Technology Transfer?

Wood Energy Technology Transfer Inc. (WETT Inc.) is a non-profit training and education association which functions as the national registrar of the WETT program to promote the safe and effective use of wood burning systems in Canada. The Wood Energy Technical Training program is designed to: “provide training to those who offer wood energy products…