Toronto brought in a vacant home tax. It’s in the amount of 1% of the assessed value of the property if the property was vacant for 6 months throughout the …
Disclosure Issues for Realtors
There are basic rules that apply to realtors concerning disclosure. Everyone who is permitted to trade in real estate under the Real Estate and Business Brokers Act, 2002 is subject …
Noisy Neighbours ~ Do You have to Tell?
Actually, it depends upon where you live. If you live in Ontario, you can keep this to yourself. But, one little problem, your agent may have to tell. Listen, this …
Suicide Disclosure
Question: Does a suicide in the unit have to be disclosed by the seller? Or is it a buyer beware type of situation? Answer: The law does not require the …
Real Estate Agents ~ Tricky Moves
So, you thought you had an agent? Only one little problem, your agent takes all your secrets and immediately tells the other side. And, it’s legal. At least, that’s what …
Leased Heating Equipment: Chattel or Fixture?
The Ontario Court of Appeal quoted with approval a decision of the House of Lords (Melluish). In this case, a company leased plant and machinery (including central heating equipment) to …
Omission Obligation Not Expanded by Court of Appeal
The Ontario Court of Appeal had to consider the application of the Supreme Court of Canada’s decision in Callow v.Zollinger in its case Greta Energy Inc. v. Pembina Pipeline Corporation …
You Might Need a Non-Canadian Acknowledgement for Your Form 127
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 …
Threatened Cancellation of Contract By Buyer Failing to deliver the Deposit
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 …