City of Toronto Archives - Law Firm of Martin K.I. Rumack

The City of Toronto: The John Tory Story

March 27, 2018
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The City has a Mayor who is in competition with Justin Trudeau, Kathleen Wynne, and Donald Trump for being one of the most photographed politicians. In many ways he has also become a Mr. Selfie just like Mr. Trudeau. Our mayor seems to be neutral on many matters […]

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New Housing Measures Announced

April 28, 2017
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The Ontario government has announced what it calls a comprehensive housing package aimed at cooling a red-hot real estate market.

Here are the 16 proposed measures:

— A 15-per-cent non-resident speculation tax to be imposed on buyers in the Greater Golden Horseshoe […]

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Assigning an Agreement of Purchase and Sale

February 21, 2017
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What is an Assignment of an Agreement of Purchase and sale?

At its essence, an Assignment of an Agreement of Purchase and Sale – informally known as “flipping a home” – is a simple concept:  A buyer (Assignor) of a new home sells to a third party (Assignee) the right […]

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Land Transfer Tax Credit – Are You a First-Time Buyer?

April 26, 2016
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Buyers often misunderstand the rules around eligibility for obtaining a Land Transfer Tax credit as a “first time homeowner” both in Ontario and in the City of Toronto.  (And in my experience, this often stems from misinformation provided by real estate agents).
Let me give you the facts […]

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