Nobody likes paying taxes and everyone likes to minimize any taxes payable. On every residential real estate transaction, whether a purchase, a sale or an assignment, there are various municipal, provincial and federal taxes that might be applicable and must be considered. This is all in addition to the property taxes that are payable to the municipality and must be adjusted for on every transaction.

This question comes up weekly, if not daily in my practice sometimes. The situation is often the same: one parent has already passed. One parent is still alive and living in the family home. There could be any combination of children- 1 or more. The question becomes: should the parent transfer the home to the children now? Should they wait? What to do? (For the purpose of this exercise, we will consider “children” to be adult children of the elderly parents)

Our clients often ask us how property taxes work and to many, property taxes are a novel issue that they have not dealt with before. Here are some tips on how to deal with your property taxes and how to avoid potential issues after a real estate closing.

If you’re considering purchasing a property with two or more individuals, you should decide whether you will take ownership as “joint tenants” or as “tenants in common”. These are legal concepts that identify the two different structures of property ownership.

As an individual looking to rent a residential property or apartment unit there are a few things to consider. For starters, when you are renting, do you know who you are renting from?

If you are in the market for or have recently purchased a new build home in Ontario, then you may have already heard about Tarion.Tarion is a corporation that administers and enforces the Ontario New Home Warranties Act (the “Act”) and its regulations. Tarion also provides new home warranty protection to all newly built homes in Ontario, unless the home is exempt from being registered with Tarion. Under the Act, it is illegal for a builder who is not registered with Tarion to enter into an Agreement of Purchase and Sale or a construction contract with a purchaser.Tarion offers two important protections to new build home purchasers: the deposit protection and the new home warranty.

If you are reading this blog entry, then chances are that you have closed a real estate transaction in the past.  Or you might be in the middle of one right now! No matter which stage you are at, know that working with your real estate lawyer is no different than any other key relationship in your life.  The secret is communication!

Home cultivation of cannabis has become a hot topic, especially with predictions of increased consumption after the legalization of cannabis in Canada and increased interest in facilitating access to cannabis. The Cannabis Act allows for individuals aged 19 and over to cultivate up to four legal cannabis plants per residence (not per individual in the residence). In this blog post, we will outline a few points you may want to consider before growing cannabis at home.

Buyer Checklist: The following are some practical tips for any Buyer of a residential property

When looking to buy a condominium property it is important that a status certificate is obtained for the property and that it is reviewed by your lawyer. The status certificate will give you as a prospective buyer additional information about the property and the condominium corporation in general. The status certificate will come as part of a package of documents from the condominium corporation which should include the condominium corporation’s declaration, by-laws, rules, current budget, most recent audited financial statements and a summary of their most recent reserve fund study.

As many of you know, on October 17, 2018 cannabis was legalized Canada wide by the Federal Government by the Cannabis Act.The Federal Cannabis Act and the Ontario Cannabis Act have created a system of regulations to allow for the legalization of Cannabis and how it is to be dealt with in the Province of Ontario.

Private mortgages are becoming increasingly popular in today’s Canadian mortgage market. Private lenders, who want to ensure that they can collect their loans, often enquire about remedies available to them once a mortgage is in default.

We often act as the lawyers for either the Buyer or the Seller of real estate owned in Canada by Non-Residents of Canada. As a Non-Resident of Canada, tax must be paid on income received from sources in Canada.

We often act as the lawyers for either the Buyer or the Seller of real estate owned in Canada by Non-Residents of Canada. As a Non-Resident of Canada, tax must be paid on income received from sources in Canada.

If it is your 1st real estate purchase or even your 10th, title insurance may be a mystery to you. You may want to know why your real estate lawyer may recommend purchasing a policy ofresidential title insurance on your upcoming real estate purchase transaction and below aresome helpful reasons.

If it is your 1st real estate purchase or even your 10th, title insurance may be a mystery to you. You may want to know why your real estate lawyer may recommend purchasing a policy ofresidential title insurance on your upcoming real estate purchase transaction and below aresome helpful reasons.

How does an HST rebate work when you buy a new construction house or condominium? The HST rebate on them are not as simple as they may seem!

Whether you are selling or buying real estate, it is important to know and understand 4 different types taxes that you may incur as part of a real estate transaction. These taxes are in addition to the property tax that you will pay throughout the ownership of your land. %

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