For homebuyers in Ontario, mortgage rates are a key factor in shaping purchasing power, affordability, and the ability to navigate the real estate market successfully. As real estate lawyers at Kormans LLP, we understand how these rates impact both legal considerations and financial commitments. Our goal is to help you gra...

A reverse mortgage, also known as a CHIP (Canadian Home Income Plan) mortgage in Canada, is a financial solution for homeowners aged 55 and older. It allows individuals to access the equity in their homes without selling the property, offering significant financial flexibility during retirement. However, this option comes ...

The holiday season is here, and 2024 is drawing to a close! While this time of year often means vacations, family gatherings, and festive cheer, it can also coincide with major life events—like moving into a new home.  Although real estate transactions tend to slow down during the holidays, for some, this is the ...

Understanding the distinction between chattels and fixtures is essential in any real estate transaction to ensure a seamless purchase and avoid post-closing complications. Chattels, being movable personal property, typically appliances, furniture, and decorations, are not automatically included in the sale unless specifi...

Managing a loved one’s estate after their passing can be a daunting and emotionally challenging experience, particularly when no will has been left behind to provide clear guidance. In Ontario, when an individual dies without a will, their estate is considered intestate, which adds further complexity to the process. To...