City of Toronto Council has approved changes to the Toronto Land Transfer Tax that mean additional Toronto Land Transfer Tax costs for some home buyers with a closing date on or after March 1, 2017, when it will be harmonized with the provincial LTT.
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Marty's Musings Archives - Page 14 of 30 -
IMPORTANT Changes to Toronto Land Transfer Tax APPROVED – Effective March 1, 2017
Assigning an Agreement of Purchase and Sale
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 […]
Verbal Mention of Sloping Kitchen Floor Not Enough – Negligent Home Inspector Ordered to Pay $19K to Buyer
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 […]
Mortgage Qualification Changes… Are Here!!!
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 […]