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  • Cottage Opportunities
    • Created by Kormans LLP

    Our law firm has a large presence in the vast “cottage country” in Ontario. For decades we have been actively retained for the purchase, sale and refinance of cottage properties all over the Province. As such we have a deep-rooted understanding about the uniqueness of cottage properties both from a lifestyle point of v...
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  • 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...
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  • Forfeiture of Deposits
    • Created by Kormans LLP

    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, ...
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  • Homeowner Protection Act, 2024
    • Created by Kormans LLP

    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 ...
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  • 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...
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