Embarking on a home renovation in Toronto is not just a matter of hiring contractors and choosing materials; it also involves navigating a series of legal requirements. This article aims to provide some helpful guidance and tips into the necessary permits, zoning laws, and contractual considerations, providing homeowners with critical legal advice to protect their…
Navigating the real estate market in Toronto can be a complex and daunting process. With the city’s dynamic property landscape, buyers, sellers, and investors are often at risk of falling into legal pitfalls that can lead to significant financial losses and legal complications. Understanding common legal mistakes and recognizing the value of engaging a real…
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:…
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…
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…
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…
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….
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…
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…
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…