Clients are sometimes worried that they won’t be available to meet their lawyer and sign documents for their real estate transaction closings. The good news is that if you communicate your circumstances to your lawyer ahead of time, your lawyer can prepare a Power of Attorney to deal with your property. Your circumstan...

Nobody likes paying taxes and everyone likes to minimize any taxes payable. On every residential real estate transaction, whether a purchase, a sale or an assignment, there are various municipal, provincial and federal taxes that might be applicable and must be considered. This is all in addition to the property taxes th...

This question comes up weekly, if not daily in my practice sometimes.  The situation is often the same:  one parent has already passed.  One parent is still alive and living in the family home.  There could be any combination of children- 1 or more. The question becomes:  should the parent transfer the home to the c...

Our clients often ask us how property taxes work and to many, property taxes are a novel issue that they have not dealt with before. Here are some tips on how to deal with your property taxes and how to avoid potential issues after a real estate closing.   Typically, on a purchase transaction, your real estate lawye...

If you’re considering purchasing a property with two or more individuals, you should decide whether you will take ownership as “joint tenants” or as “tenants in common”. These are legal concepts that identify the two different structures of property ownership.   Joint Tenancy As joint tenants, each owner o...