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Prohibition on the Purchase of Residential Property by Non-Canadians Act The Prohibition on the Purchase of Residential Property by Non-Canadians Act prohibits non-Canadians from purchasing, directly or indirectly, any residential property in Canada. As discussed in our previous blog, Non-Canadians Will be Prohibited from Buying Canadian Residential Property in 2023, non-Canadian is defined as: The […]
Read MorePurchasing a pre-construction or “new-build” home is an exciting yet stressful process. To help ease some of the risk and anxiety, Tarion Warranty coverage (“Warranty”) plays a crucial role. Established under the Ontario New Homes Warranties Plan Act, the Tarion Warranty Corporation (“Tarion”) ensures that new home buyers are protected against defects, financial losses, and […]
Read MoreAs Canada’s housing crisis continues to challenge affordability and supply, the nation is turning to innovative solutions. Among these, modular and prefabricated homes are emerging as a promising option for Canadians. Programs like the federal Build Canada Homes (BCH) initiative aim to improve housing accessibility by reviving government-led homebuilding and embracing modern solutions like modular […]
Read MoreWhen entering into a contractual agreement, many people place emphasis on key terms such as price, services, or obligations while overlooking a critical clause —”time is of the essence.” This clause enforces strict adherence to deadlines, meaning that even what can appear to be minor or trivial delays can result in serious legal and financial […]
Read MoreWhat is an Amalgamation? An “amalgamation” is a process by which two or more corporations (the “amalgamating corporations”) merge into and carry on business as one corporation (the “amalgamated corporation”). Amalgamations are completed pursuant to the provincial Ontario Business Corporations Act, R.S.O. 1990, c. B.16(the “OBCA”) or the federal Canada Business Corporations Act, R.S.C. 1985, […]
Read MoreNotable Real Estate Law Decisions of 2024 Zhang v. Primont Homes (Caledon) Inc., 2024 ONCA 622 (CanLII) Superior Court of Justice Decision Facts In February of 2017, the plaintiff Jun Dai signed an agreement of purchase and sale (“APS”) for a house (the “Property”) to be built by developer, Primont Homes (Caledon) Inc. in a […]
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