November 20, 2020
September 23, 2020
If you are in the market to buy a home, you will be familiar with the concept of an “unconditional’ offer, meaning one that is made without any conditions attached – such as your first being able to obtain financing on terms and conditions satisfactory to you, obtain a satisfactory home inspection, sell your …
April 15, 2019
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 liable to pay both capital gains tax and income …
February 24, 2017
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 The following changes to the Toronto Land Transfer Tax were considered and approved by Toronto City Council on February 15, 2017. …
February 21, 2017
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 to assume the purchase contract which …
February 21, 2017
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 on a significant defect verbally, rather than …
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