Residential & Commercial Closings
BUYING A RESIDENTIAL INCOME PROPERTY – A Primer
With the Ontario real estate market demonstrating continued resilience, many people are still putting their confidence in real estate as an investment option across Ontario. These...
THE NEW HST: What all Home Buyers are Asking!
As part of its provincial budget, the Ontario government chartered a bill on March 26, 2009 that will adopt a single sales tax system tagged as...
The Income Tax Consequences for Selling Real Estate in Canada as a Non-Resident
Under section 116 of the Canadian Income Tax Act, non-resident vendors disposing of certain taxable Canadian property (partially listed below) are to notify the Canada Revenue...
CONSTRUCTION LIEN: Basics
Basically, a construction lien is a remedy available for someone who improves someone else's property by way of supplying materials and or labour. If that person is owed monies...
MORTGAGES & FINANCE: Residential Construction Financing
In the residential market, construction financing is available for customers who are planning to build a new home or who want to reconstruct an existing property...
THE ECONOMICS OF THE MORTGAGE INDUSTRY
Real properties (real estate) like buildings, lands, residences are generally acquired by a purchaser through taking a loan. The promise to repay this loan is backed by a...
REAL ESTATE: Latent & Patent Defects when purchasing a home. Need a home inspection?
Latent defects in the eyes of the law applicable at the time when administering the sale of a real estate property (land, buildings and fixtures or chattels),...
THE BASICS TO LAND TITLE SEARCHES
A title search is conducted during the process of selling or purchasing or acquiring an interest in a property. Its purpose is to find out:If the...
LAND TRANSFER TAX IN ONTARIO: And now the HST!
In Ontario, the land transfer tax has to be paid if land is purchased in the province or an interest in land is acquired therein. This...
BUSINESS SENSE: Commercial Lease Enforcement & Remedies
The lease enforcement or implementation of the agreement between the landlord and the tenant should be deliberately followed to avoid any conflict and discussion. However, there...