Often, people will ask “what is common law”. And, just as often someone will provide a simple definition, but somewhat different than the one you heard before. So, let’s have …
Turning Coffee and Donuts into Real Estate
David Bach popularized the expression “your latte factor” in his book The Automatic Millionaire. His point was that anyone could find some extra money in their day to day living …
Liability of Condominium Corporations in Ontario
Liability of Condominium Corporations in Ontario Question: Please explain unlimited liability and limited liability regarding condominiums under the Condominium Act? Answer: You should start out with the proposition that all …
Land Transfer Taxes in Ontario
In Ontario, there is a land transfer tax which is imposed when transfers of land take place. A key concept is the actual transfer of land. So, the registration of …
Understanding Debt Service Ratios
This is really the first step in the buying process. Before you can buy property, you will need to qualify for a mortgage. There are, of course, exceptions: you could …
Selling: Documents for your Purchaser
Consider a VIDEO If you have just sold your house, what should you be leaving for the purchaser? Title Documents I am assuming that you have already delivered copies …
Can You Revive an Old Agreement?
The answer is “no”, but a lot of people don’t believe it. Let’s assume that Bob puts in an Offer to buy Bill’s property. The offer is accepted and contains …
FINTRAC Obligations Upon Real Estate Agents in Ontario
Since 23 June 2008, real estate agents must comply with the provisions of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. This Act is federal legislation and …
Responsibility for False and Misleading Statements
We are all aware that sales agents like to pump their products, merchandise and services. That has been going on for years and the public who believe that are naïve …
What is Allodial Title?
Just what is it and where does it come from? In English common law, the concept seems to have lost its meaning. Not too many people seem to know …