Holdbacks are tools used by real estate lawyers for their Buyer clients, whereby a portion of the closing proceeds is withheld from the Seller pending the completion of a condition or an undertaking in the Agreement of Purchase and Sale that could not be completed prior to the Closing Date. The Holdback funds may be held...

As a lawyer there is nothing worse than having to explain to clients that are so happy and excited to have bought a pre-construction property that there are significant costs that they will incur that they might not have anticipated or be able to afford as a result of their failure to have their Pre-Construction Contract...

If you are a director or shareholder of a corporation, do you know if your corporation has a minute book or if the minute book of your corporation is up to date? Often individuals, either personally or through another individual such as their accountant, will incorporate a corporation through the filing of articles of in...

In this blog post, we will cover a few aspects of purchasing a pre-construction property via an Assignment and why is it vital to have a lawyer who is well versed in Assignments represent you with regards to same. Buying a pre-construction property directly from a Developer/Builder is complicated enough on its own. Howe...

We often get asked as part of our real estate practice whether we can close real estate transactions outside of Ontario.  Clients are often buying homes, vacation and investment properties all over the world!  The properties can be located in another Canadian province (e.g. Quebec and British Columbia), the United Stat...