Deferred Taxes due if Use Changes This is a case in the province of New Brunswick involving the use of the Property Condition Statement and the liability of the agent who assisted …
Deposit Clause with Automatic Forfeiture Provision
Here’s an interesting clause found among some Schedule B’s: “Once this Agreement becomes unconditional, should the Buyer fail to complete this agreement on the completion date, at no fault of the …
Unnecessary Deposit Clause in Schedule “B”
Here’s a mandatory schedule “B” that states: “The Buyer (s) acknowledges that by execution of this Agreement of Purchase and Sale, they are creating a binding Agreement, whether or not …
SPIS ~ Kaufmann and Gibson
Disclosue: ice damming This is a case involving the improper completion of the Seller Property Information Statement by the vendors. The Kaufmanns resided in London Ontario and acquired their residence …
SPIS ~ Riley and Langfield
Disclosure: Real estate agents are not simply tour guides This is another interesting Seller Property Information Statement (SPIS) case.The purchasers sought to recover damages in the Superior Court of Justice of Ontario …
SPIS ~ Alevizos and Nirula
Disclosure This is another Property Condition Disclosure Statement case. This case came before the Manitoba Court of Appeal for consideration in 2003. It is one the highest Courts to discuss this document, …
Install Hardwood Floors
The interesting thing about hardwood floors is that it is one of the few improvements that you can make to your house where the resale value may exceed the actual …
Unfair Business Practices
Consumer Protection Act The Business Practices Act was a very good piece of legislation, but not too many people knew about it, so in 2007 the Ontario Government replaced it …
Gas Shortage and Cottage Prices
You should have purchased in 2008 What is that going to mean for real estate? As this is published thousands of motorists in the GTA line up for gas. They …
Five Financial Reasons for Owning a Home
By Brian Madigan LL.B. So, you think that you would like to buy some real estate! In particular, you would like to buy a house. Let’s summarize the principal financial …