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Blogs

Do I Need a Lawyer to Close My Real Estate Transaction?

In Ontario, when buying or selling a home, hiring a real estate lawyer is not just a recommendation; it is a requirement. The law is clear that only licensed lawyers can complete real estate transactions. Under the Law Society Act, it is prohibited to provide legal services without a license. Section 1(6) of the Act […]

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Status Certificate and Why it Matters in Condo Purchases

What is a Status Certificate A status certificate is a document issued by the Condominium corporation’s management or board upon request by a prospective purchaser. It is an essential document in a condominium transaction because it provides a snapshot of the corporation’s financial and legal status at purchase. Pursuant to section 76 of the Condominium […]

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Assigning a Commercial Lease: What Assignors, Assignees and Landlords Should Know

A commercial lease assignment involves a transfer of a commercial tenant’s (the “Assignor”) rights and obligations to a new tenant (the “Assignee”), where the Assignee agrees to assume the Assignor’s rights and obligations under the original lease with the landlord. The parties to an assignment of lease must ensure compliance with the terms in both […]

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Buying a House With a Basement Apartment: What Single Family Home Buyers Should Know

Are you thinking about buying a single family home with a basement apartment? For many Ontario homebuyers, basement apartments offer attractive benefits, from generating rental income to providing long-term flexibility for family living or future resale. What is a Single Family Residence? A single-family home or residence is a detached dwelling that is not connected […]

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Power of Sale in Real Estate Law: A Step-by-Step Overview

With interest rates and property values constantly shifting, Ontario’s real estate market is experiencing an unprecedented increase in mortgage defaults. When a borrower defaults on their mortgage, lenders have several statutory remedies available to recover the money owed. One of the most common is a power of sale, as it is typically more cost-effective and […]

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Could You Qualify for a New Home HST Rebate?

Have you recently purchased a new home in Ontario? If so, you may be eligible for a New Home HST Rebate. Understanding The Rebate When purchasing a newly built home or condo in Canada, many buyers are often surprised by the additional cost of Harmonized Sales Tax (HST). What’s less commonly known is that a […]

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