Marty's Musings Archives - Page 4 of 19 - Law Firm of Martin K.I. Rumack

Verbal Mention of Sloping Kitchen Floor Not Enough – Negligent Home Inspector Ordered to Pay $19K to Buyer

February 21, 2017
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An Ontario case called Rimmer v. Building Insights Inc. probably gives some comfort to potential buyers – but it probably keeps home inspectors awake at night.  It features a home inspector who was ordered to pay almost $19,000 to a buyer who hired him, all because he reported […]

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Mortgage Qualification Changes… Are Here!!!

February 21, 2017
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As you are probably aware, the Federal Government has recently announced a significant change concerning guidelines for borrowers of high-ratio mortgages; i.e., a borrower having a deposit of less than 20% of the purchase price of a home.

 

As […]

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On Nudists, Convicts and Ghosts – How Much Must a Seller Disclose to a Buyer?

February 21, 2017
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On Nudists, Convicts and Ghosts – How Much Must a Seller Disclose to a Buyer?

I am often asked by sellers to advise as to how much (or how little) information they must provide to potential buyers.   It’s never an easy answer:  Although the time-honoured […]

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Good News for Owners of Co-ownership Units – Property Tax Classification Re Classified

November 1, 2016
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To the relief of Co-ownership Buildings created after 1998 but before 2008, and the individual unit owners, the submission to the Ontario Ministry of Finance has been successful.  A group of property tax experts consisting of David Fleet, Peter Milligan, and David Gibson were retained by […]

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