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Purchasing Residential Properties under the Rent-to-Own Process: A concept gaining momentum in the current ominous real estate market

For many Canadians, owning a home is a dream. However, over the past few years, this has proven to be difficult to attain due to the rocky and inconsi...
Dec 2023
Article

Changes to the Vacant Home Tax One Year After Implementation

Last year I wrote an article on the Vacant Home Tax (“VHT”), which took effect on January 1, 2023. Both the City of Toronto and the City o...
Nov 2023
Article

Requirements under the HCRA and Tarion to Sell New Construction Homes in Ontario

How to Avoid the “Illegal Builder” Designation Interested in selling a new construction home in Ontario? Here’s what you need to know… There are two authorities that regulate new build...
Nov 2023
Article

Property Assessments and Calculating Property Taxes in Ontario

What is MPAC? The Municipal Property Assessment Corporation (MPAC), is the largest assessment jurisdiction in North America. MPAC operates as an indep...
Nov 2023
Article

Deposit Protection Under Tarion - What are the Differences in How Deposit Funds are Treated for Freehold Homes vs New Condos?

Deposit Protection is available to purchasers of new homes under Ontario’s new home warranty and protection plan, administered by Tarion. If a p...
Nov 2023
Article

Selling Property in Ontario – Reviewing the Principal Residence Exemption and Property Flipping Rules

The sale of any residential property in Canada generally triggers a capital gain which means that 50% of the increased value of the property is taxabl...
Nov 2023
Article

Update to Tarion: New Enrolment Fee Schedule

Tarion has recently announced that there will be upcoming changes to the schedule of new enrolment fees effective as of January 1, 2024. The enrolment...
Nov 2023
Article

Embrace Warmth, Save on Energy Bills: The Home Winterproofing and Energy Affordability Programs

Attention homeowners and prospective buyers! As we brace ourselves for the chill of the winter season, there is no doubt that the thought of escalatin...
Nov 2023
Article

New Federal Agreement to Fast Track 1,200 Housing Units in Kitchener

On November 3, 2023 the Government of Canada and the City of Kitchener announced that they had reached an agreement to provide funding to Kitchener to...
Nov 2023
Article

Charged up: an Analysis on Electric Vehicle Parking in Ontario Condominiums

In an effort to lower Canada’s environmental footprint, the federal government has recently published proposed regulations that set sales target...
Nov 2023
Article

Land Transfer Tax: Benefit of Prepayment

Buying a property can be an exhilarating experience, but it also involves numerous taxes and fees. One that often goes unnoticed is the Land Transfer ...
Nov 2023
Article

The Risk of Private Lending in Real Estate Investments: A Lesson to be Observed from the Epic Alliance Scheme

The concept of private lending is a familiar one to the vast majority of the Canadian population. Individuals at least understand the basic structure ...
Oct 2023
Article

Hidden Dangers Below: The Risks of Illegal Basement Apartments

The growing trend of secondary units in homes, such as basement apartments, is a notable investment strategy for many, given the soaring mortgage expe...
Oct 2023
Article

Equitable Mortgages: What Are They, When They May Arise, and Their Effects

I recently wrote an article on the different types of mortgages that are available within the real estate market sphere. These types of mortgages...
Oct 2023
Article

CRA Extends Filing Deadline for 2022 Underused Housing Tax Returns

We have previously commented on the Underused Housing Tax, and more information can be found here. The Canadian government has made strides in address...
Oct 2023
Article

Bearing the Consequences of Taking Title in Trust

A Review of Weise v Weise, 2023 and Bare Trust Agreements When buyers need assistance in qualifying for a mortgage, they often seek to include the addition of their parents or other family members as a co-bor...
Oct 2023
Article

Affordable Housing: Proposed Legislation Update

Affordable housing, Bill 134, Affordable homes and good jobs act, development, Development Charge Act, housing income, development charge, rental hous...
Oct 2023
Article

Update to Tarion: Important Changes to the Customer Service Standards for New Homes

Tarion is making significant enhancements to its new home warranty program with a new customer service standard (CSS). The CSS sets out the claims pro...
Sep 2023
Article

Purchasing a Property Under a Co-ownership Structure: A recently popular and crafty trend to enter into the unfavourable real estate market

The Royal LePage Real Estate Survey (August 2023) In August, Royal LePage compiled a survey of more than 500 respondents which exhibited that Canadian...
Sep 2023
Article

Predatory Lending: Borrowers Beware

Law Society of Ontario v. Harrison, 2023 On June 2, 2023, the Law Society of Ontario (“Society”) temporarily suspended the licence of a Mi...
Sep 2023
Article

The City of Toronto Approves New Housing Taxes and Strategies to Confront its Funding Shortfall

On September 6, 2023, the City of Toronto (“City”) approved a new long-term financial plan outlining multiple new housing-related revenue ...
Sep 2023
Article

Legislation Update: Changes to Encourage Transparency in Real Estate Transactions as of December 1, 2023

A Summary of highly anticipated changes to the Trust in Real Estate Services Act. On December 1, 2023, phase 2 of the Trust in Real Estate Services Act (TRESA) will come into force to replace the Real Estate and Business Brokers Ac...
Sep 2023
Article

Is Time Really of the Essence in a Real Estate Transaction?

Seller cannot rely on time is of the essence clause to serve as a time limit if there is no time specified. In contract law, a time is of the essence clause confirms that timely performance is an essential obligation where a time limit is set out. Failure to...
Sep 2023
Article

Senthillmohan v. Senthillmohan – Debt Enforcement by a Third-Party and Joint Tenancy

The recent case of Senthillmohan v. Senthillmohan, 2023 ONCA 280[1] involved a separated husband and wife disputing over the division of their net fam...
Sep 2023
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