Real Estate

New home buyers beware interest rate differential penalty: Drummie

Toronto real estate lawyer Blair Drummie has a word of caution for new home buyers involving the Interest Rate Differential (IRD) penalty that banks charge for ending your mortgage early. Read more

Laredo welcomes Tarion Warranty Corp. review

Toronto real estate lawyer Lisa Laredo tells Law Times says the Ontario government’s announcement that it will conduct a review of Tarion Warranty Corp. and the Ontario New Home Warranties Plan Act is a step in the right direction. Read more

Purchasing real estate online poses legal, public policy concerns

By Lisa Laredo . Canada-wide real estate search site BuzzBuzzHome says it will soon launch a service where a potential buyer of a yet-to-be-built condominium can peruse information about numerous projects, enter into an agreement of purchase and sale for a selected unit, and then pay a deposit by credit card, the CBC reports . All of the above will be done online from the purchaser’s computer. The site also plans to add the possibility of purchasing yet-to-be-built freehold houses. Read more

New CMHC rule could have impact in Toronto, Vancouver markets

With the announcement the federal government is boosting the minimum down payment for higher-priced homes in Canada, it will likely be the Toronto and Vancouver housing markets that will be most affected by the change, says Toronto real estate lawyer Peter Neilson . Read more

Conant to discuss Bill 106 at Condominium Conference

Toronto condominium lawyer Armand Conant will share his insights into the latest updates related to Bill 106 at the 19 th Annual Condominium Conference later this month. Read more

Bill 106 changes 'big step forward' for Ontario condo industry

For condominium directors, the balancing act between running a not-for-profit corporation and sustaining a community for families is not easy — but there is hope that the proposed reforms of Bill 106 will rectify some of the weaknesses of the present Condominium Act, write Toronto lawyers Armand Conant and Joel Berkovitz in a recent issue of Condo Voice magazine. Read more

Howden to moderate panel on condo health and safety

Toronto litigation lawyer Deborah Howden will be sharing her thoughts on condo health and safety at the upcoming 19 th Annual Condominium Conference. Read more

Compensation not guaranteed for delayed occupancy

While the Tarion Warranty Corporation requires that a delayed occupancy warranty be attached to every agreement of purchase and sale of a newly constructed dwelling, the nature and extent of permissible delays vary depending on the facts of each individual case, Toronto real estate lawyer Lisa Laredo writes in Lawyers Weekly . Read more

Beware of 'quirky' issues when buying, selling cottage

As cottage season draws to a close and sellers become more motivated to list their properties, it’s important to note that buying and selling a cottage can present a number of issues not seen in urban residential properties, says Toronto real estate lawyer Patrick J. Aulis. Read more

CRA increasing scrutiny on condo corporation activities

Although condominium corporations have long been treated as tax-exempt not-for-profit corporations — free to carry on their activities as long as they submit an annual filing with the Canada Revenue Agency (CRA) — this may no longer be the case for some, write Toronto lawyers Armand Conant and Joel Berkovitz in a recent issue of Condo Voice magazine. Read more

Rising fees, urgent repairs may impact resale of condo units

A steep rise in monthly fees to cover urgent repairs — including falling concrete, faulty elevators and toxic mould — at an Etobicoke condominium is “every condominium owner’s worst nightmare,” says Toronto litigation lawyer Deborah Howden . Read more

No shame in new lawyers saying 'I don't know'

New lawyers building up credibility with clients should not be afraid to say three words rarely uttered in the profession — “I don’t know,” Toronto real estate lawyer Lisa Laredo tells Lawyers Weekly . Read more

Legislation aims to crackdown on ‘phantom’ offers

New rules around so-called “phantom bids” will make it easier to take action against agents who falsify or fabricate information or documents, Toronto real estate lawyer Matthias Duensing writes in Lawyers Weekly . Read more

E-cigs pose concerns for condo corporations

Loosely regulated electronic cigarettes pose concerns for both condominium board members and residents, write Toronto lawyers Armand Conant and Joel Berkovitz in Condo Voice magazine. Read more

Conant provides early insights into Bill 106

Toronto condominium lawyer Armand Conant weighs in on Bill 106, including what’s new and what the government may have missed, in the July 2015 cover story of CondoBusiness . Read more