There is an all-too-common misconception by some Buyers and even by some Buyers’ professional, licenced realtors that the time period for the delivery of a Deposit pursuant to a resale Agreement of Purchase and Sale (APS) effectively provides the Buyer with a cooling-off period. The mistaken belief is that the Buyer ...
Congratulations! You are ready to buy your 1st ever real estate property. It could be a condominium unit, detached home or even a multi-unit property. Or perhaps you are looking to purchase your 2nd, 3rd or 5th property. As real estate lawyers, one of the first questions when clients contact us to open a real estate file i...
Good news for first-time home buyers! On May 27, 2025, legislative proposals were introduced in the Parliament to amend the Excise Tax Act by creating a new GST rebate specifically for first-time home buyers. If passed, this rebate would eliminate GST for eligible buyers on new homes priced up to $1 million and reduce the ...
Purchasing a condominium in Ontario demands more than selecting the right unit! One of the most important aspects of this transaction is a thorough review of the status certificate. What is a status certificate you ask? It is the statutory disclosure document under section 72 of the Condominium Act, 1998[1] provided by a c...
As part of a commercial real estate sale transaction, our office often gets retained during the early part of the transaction in order to review the Agreement of Purchase and Sale (the “APS”).
One of the most important aspects of the APS that we lookout for is whether HST is “included in the sale price” or if HST i...