If you are purchasing a property from an owner who is not a Canadian resident, you must be careful and take certain steps in order that you do not become responsible for the Seller’s taxes owing to the Canada Revenue Agency (CRA).
A non-resident seller is […]
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.
Status […]
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 […]
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 […]
