Real Estate

Tighter industry rules over mortgage brokers a 'good idea,' says Drummie

TORONTO – Mortgage brokers are advocating for tighter industry rules in the wake of allegations that dozens of brokers working with Home Capital Group Inc. falsified client income information. Read more

The differences between a deposit and down payment

By Lisa Laredo . When buying a home, the standard real estate contract will always require a deposit. The contract may then go on to provide for a further payment of cash, which, together with the proceeds of an anticipated mortgage along with the deposit, make up the purchase price. The further cash payment is called a down payment. Although the average buyer will likely be familiar with these terms, the distinctions between them are often overlooked or misunderstood. To clarify any confusion, the following offers a brief overview of what the deposit and the down payment ultimately mean for you, the homebuyer. Read more

Conference to highlight timely issues for condo industry

Toronto condominium lawyer Armand Conant will be presenting at an upcoming conference in London, Ont., hosted by the Association of Condominium Managers of Ontario and the Canadian Condominium Institute. Read more

Conant to discuss Bill 106 at AMCO Town Hall

Toronto condominium lawyer Armand Conant will be speaking at the Association of Condominium Managers of Ontario (AMCO)’s Town Hall meeting. Read more

Conant to provide insight on Condo Act changes

Toronto condominium lawyer Armand Conant will be part of a panel discussion hosted by the Canadian Condominium Institute (Toronto and Area Chapter), discussing the Ontario government’s recently proposed condo legislation. Read more

Cottages and the septic system

By Lisa Laredo . It’s cottage season and the onset of warm weather is an inspiration to start thinking seriously about investing in that summer retreat you’ve always dreamed of owning. A note of caution: a cottage is not an urban property – there are a number of specific issues associated with lots that must be incorporated into a buyer’s search criteria. Read more

Province's condo reform will impact lawyers

The reforms designed to assist Ontario’s condo owners will also provide business opportunities for condominium lawyers, real estate and developer lawyers and litigators, Toronto condominium lawyer Armand Conant tells Lawyers Weekly . Read more

OCA provides commentary on entire agreement clauses, SPIS

A recent Ontario Court of Appeal decision shines a light on entire agreement clauses in the standard residential agreement of purchase and sale and on the use of the seller property information statements (SPIS), Toronto real estate lawyer Peter Neilson writes in Lawyers Weekly . Read more

Conant: proposed changes ‘monumental’ for condo industry

The Ontario government’s long-anticipated revisions to the Condominium Act and legislation for the licensing of property managers are a “game changer,” says Toronto condo lawyer Armand Conant. Read more

Case may usher in new era for purchasers of new condo units

An Ontario Court of Appeal decision raises questions about the conflict between consumer protection legislation and traditional common law principles such as buyer beware, write Toronto condo lawyers Armand Conant and John De Vellis in The Lawyers Weekly . Read more

OCA examines law around Seller Property Information Statements

By Lisa Laredo . The Ontario Court of Appeal recently had the opportunity to examine the law surrounding Seller Property Information Statements in Soboczynski v. Beauchamp , 2015 ONCA 282 (CanLII) — in particular, those statements signed after the parties had entered into an Agreement of Purchase and Sale with respect to real property. Read more

High insurance premiums cause for concern in Ontario

Toronto condo lawyer Armand Conant weighs in on the increasing problem of insurance companies refusing new clients or demanding higher premiums in a recent Reuters article. Read more

The problem with 'insuring over' title claims

Toronto real estate and criminal lawyer Blair Drummie says the trend of title insurers “insuring over” claims rather than correcting the deficiencies will continue to cause problems for property owners. Read more

Decision provides clarity for condo arbitration appeals

A recent Superior Court of Ontario decision provides guidance on the appropriate standard of review of an arbitrator’s decision in the context of an award held pursuant to the Condominium Act , says Toronto condo lawyer Armand Conant. Read more

Real property defects: a vendor’s obligation to disclose

By Lisa Laredo . Any examination of the law regarding defects in real property commences with the famous statement by Prof. Bora Laskin in the Law Society of Upper Canada Special Lecture series: Read more