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 […]
Marty's Musings | Law Firm of Martin K.I. Rumack
On Nudists, Convicts and Ghosts – How Much Must a Seller Disclose to a Buyer?
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 […]
Good News for Owners of Co-ownership Units – Property Tax Classification Re Classified
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 […]
How to Help Your Clients with Their Mortgage-Shopping
By definition, real estate professionals are on the front-line of the home-buying process with their clients: They are called upon to explain the process, to find them the right home, and then – alongside the involved lawyers – to help shepherd them through the actual legal home-buying […]