Current Use or Present Use in APS

(Ontario) Question: I have received mixed comments about filling in the “current use” section in the standard Form. Some say “fill it in”, others say “leave it blank, it’s the …

Seller Defaults on Closing Time

Seller Defaults on Closing Time; Buyer Deposit Returned While this situation may seem obvious, the matter went to the Ontario Court of Appeal for final determination. This wasn’t a straightforward …

Residency of an Ontario Corporation

The residency of an Ontario corporation can become quite complicated. Usually, it will be determined on the basis of the common law rules related to residency. That is usually the …

Buyer’s Agent’s Sign

Question: Our office is on the listing side and sold a property for a home being built. They buyer’s agent, after closing but during construction, has posted his For Sale …

Future Estates and Life Estates

(Ontario) Before his death, Bill had written a Will in which he granted his wife Mary a life estate for the cottage property and a future estate for their son …

Lack of Property Insurance

(Ontario) Question: My clients are closing soon on their property and they have been inquiring about insurance and they are getting rejected. This is an old end row house. There …

Calculating Dates for Financing

Question: If the Agreement of Purchase and Sale has accepted at 4pm on Monday and there is a financing condition for 5 banking days. Does the start of the 1st …