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...
In the volatile residential real estate market conditions in Ontario during the past year or so the forfeiture of deposits has become a crucial issue often encountered during transactions when one party (more often the Buyer) fails to fulfill its obligations under an Agreement of Purchase and Sale (APS).
Typically, ...
Homeowner Protection Act, 2024 (HPA) came into force in Ontario on June 6, 2024. This legislation aims to enhance the protection of homeowners and buyers. In particular the HPA is expected to be beneficial for vulnerable segments of the population such as seniors, who now have some legislative protection against predatory ...
A proposed settlement agreement has been reached with respect to a class-action lawsuit that was filed in the Missouri federal court by a group of home sellers against the National Association of Realtors (NAR) and other defendants. The Plaintiffs claimed that real estate commission rates are too high, buyers’ representa...
Two levels of government have introduced legislation with respect to the beneficial ownership of privately-held corporations.
The Province of Ontario introduced legislation effective as of January 1, 2023 requiring privately-held corporations in Ontario to keep their beneficial ownership information, or “individu...
