As a law firm acting on new construction residential transactions we hear that plea for help from our clients all too often. The closing date is fast approaching and the Purchaser will have to come up with an amount equal to the GST/HST New Housing Rebate on closing in the event that the Purchaser either does not qualify f...

The equity of redemption is a foundational principle in mortgage law that protects the rights of borrowers i.e. the registered owners/mortgagors—by allowing them to retain ownership of the property upon repayment of their mortgage debt. When a borrower has defaulted, this right ensures that the borrower has an opportunit...

Following the footsteps of the City of Toronto, Hamilton has introduced its own vacancy tax. The City of Hamilton’s new Vacant Unit Tax is now in effect. Originally set to launch a year ago, the tax was delayed when the council unexpectedly struck down the bylaw in late 2023. It was later revived, passed in 2024, and sch...

In previous blog posts, we provided an introduction into some keys points that you need to consider when entering into a commercial lease as a tenant: Some Key Points to Consider When Entering a Commercial Lease as a Tenant – Part One Some Key Points to Consider When Entering a Commercial Lease as a Tenant – Part T...

A Vendor Take-Back Mortgage (VTB) is an alternative financing solution where the seller accepts part or all of the purchase price consideration in the form of a mortgage from the buyer registered against title to the property being purchased. In a VTB, the seller acts as the lender, allowing the buyer to make payments dire...