The Non-Resident Speculation Tax (NRST) rate was increased to 20% and expanded provincewide effective March 30, 2022, Prior to March 30, 2022, the NRST was a 15% tax on the purchase of an interest in residential property in the Greater …
What do you need to know when you purchase an old house?
The charm of old towns and cities in Ontario can not leave any person indifferent, some of old houses are eye-catching and people fell in love in them easily and would like to live there. What do you need to …
Survivorship Rights
✧ Many people know that in joint ownership of real estate (joint tenancy) the share of the deceased owner after his/her death goes to the survivors of the deceased owners. It’s called survivorship rights. ✧ For this reason, relatives often …
6 Terms You Should Know Before Buying Commercial Real Estate
Owning commercial property can be very lucrative. However, commercial real estate transactions are complex. It is, therefore, wise to hire a commercial real estate lawyer and an accountant for such transactions. While a commercial real estate lawyer can help you …
Why Hiring a Lawyer to Draft Your Will Is a Smart Idea
No one wants to think about their mortality, and for that reason, many people delay creating a will. However, estate planning is essential if you want to ensure your closest loved ones will be taken care of after you pass …
Why You Should Review a Purchase and Sale Agreement With a Lawyer Before Signing
If you are looking to purchase or sell real estate, a well-drafted Agreement of Purchase and Sale is essential. An Agreement of Purchase and Sale is a contract between the buyer and seller. It outlines the details of the real …
What You Should Know When Investing in Real Estate
If you’re looking to purchase real estate, the easiest part of the buying and selling process is identifying the house, condo or commercial property you wish to purchase. Everything else can be tedious. That’s why if you are looking to …
Fast sale proceeds deposit
✧ Important thing to know if you sell your property: ✧ Sometimes people sell their residential property without the intention to buy a new one. ✧ When it happens, the sale proceeds are deposited to the sellers’ account after the …
Assignment clause in a new condo purchase agreement
✧ It happened again. The phone calls with requests for help to get away from the purchase of a pre-construction condo. The construction of new buildings takes some time. People’s plans change and they want to re-assign their rights under …
Доверяй, но проверяй!
Вы живете по пословице: «доверяй, но проверяй!»? Если да, то в какой степени? Наверное, это логично в общении с малознакомыми людьми, а как на счет близких родственников, супругов, например, с которыми живешь много лет? Как показывает жизнь, бывают различные варианты. …