Question: There is a detached house with a private driveway. The house was enlarged and extended into the driveway, so there is now no private drive at the side of …
Ottawa Vacant Unit Tax
The City of Ottawa has passed a By-law dealing with the “Vacant Unit Tax”. It comes into force 1 January 2023 and imposes a tax of 1% of the assessed …
Offer Clauses: Toronto Vacant Home Tax
The City of Toronto has made Purchasers responsible for the added tax which might come as a surprise. So, consider adding the following clause or something similar to an Offer …
Change of Ownership and Toronto Vacant Home Tax
The City of Toronto is looking to place a lien on the property for unpaid taxes. That means that the vacant home tax will become the Purchaser’s responsibility. Have a …
Toronto Vacant Home Tax: The Declarations
“Types of Property Status Declarations Property Status Declaration Description Subject to Vacant Home Tax? Occupied as principal residence of homeowner The property is where you reside and conduct your daily …
Toronto Vacant Home Tax: Exemptions
Exemptions There are a few exemptions to the vacant home tax. Here they are: A property may be left vacant and be exempt from the Vacant Home Tax if one …
Toronto’s Vacant Home Tax and Buyers
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 …
Kitec and the Seller
Kitec Replacement and Condominium Special Assessment Question: Buyer buys a condo on a building with Kitec, firm offer with no inspection or status review although they were provided with the …
Plant Your Own Weeds!
This is the time of year to plant your own weeds. Pick out whatever you want and plant them now. I’m going to pick grass for my own lawn, but …
The Real Estate Mediator
You may wonder what this has to do with real estate? However, unresolved disputes really represent the quickest way to eliminate any equity that has accumulated in real estate acquisitions …