Toronto Realestate Archives -

Be Careful if Buying Real Estate From a Non- Resident!

April 15, 2019
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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 […]

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IMPORTANT Changes to Toronto Land Transfer Tax APPROVED – Effective March 1, 2017

February 24, 2017
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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 […]

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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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Verbal Mention of Sloping Kitchen Floor Not Enough – Negligent Home Inspector Ordered to Pay $19K to Buyer

February 21, 2017
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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 […]

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