Question:I am the Listing agent acting on behalf of my client who is selling his condominium. I sold the condo conditional on Status and Finance yesterday. In fact, there were …
You Might Need a Schedule “NC” for Your BRA
The Federal Government has brought into force the “Prohibition on the Purchase of Residential Property by Non-Canadians Act”. For a two year period commencing 1 January 2023, a Non-Canadian will …
The Seller Breaks His Promise to Leave Items Behind
Question: A Buyer was offered all the leftover tile, wood flooring and some other items left in boxes on a house he’s buying. There were many texts from Listing agent. …
Real Estate Agents at Risk of Fine for Assisting Non-Canadians
There is a new Act, the “Prohibition on the Purchase of Residential Property by Non-Canadians Act” which will have an impact upon real estate transactions. Starting 1 January 2023 and …
Does Title Insurance make sense?
That’s a good question. Prior to 1997, there was no commonly available title insurance in Ontario and yet it was the norm in the United States. Solicitor’s Opinion Traditionally, purchasers …
Time for Closing: 5:00 pm or 6:00 pm?
There used to be a time when agreements of purchase and sale provided that transaction must be completed prior to 4:30 pm on the date scheduled for closing. Now that …
Responsibility for the Missing Dishwasher
Here is a question that arises about once every two weeks: If the agent fails to include the dishwasher in the Agreement of Purchase and Sale, but told the buyer …
Protecting Buyers and Sellers from “leaky basements”
Never mind wondering who you can sue, the best time to protect yourself is before the deal is done. Consider the following case, it’s really quite common. John and Mary …
Selecting a Title Search Date without Negligence
It seems unusual for a real estate agent to be selecting a title search date without speaking to the client’s lawyer, yet, they do all the time. Rarely, if ever, …
Fraud Eliminates the Entire Agreement Clause
The Ontario Court of Appeal just confirmed that the “entire agreement” clause does not prevail when it comes to fraud in 10443204 Canada Inc. v. 2701835 Ontario Inc. November 1, …