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Whether a buyer can terminate an Agreement of Purchase and Sale due to a difference in property dimensions in the MLS listing and its actual size depends on how material the misrepresentation is. This is demonstrated in two recent cases Lamba v. Mitchell, 2021 ONSC 1612 (CanLII) and Issa v. Wilson, 2020 ONCA 756. Lamba […]
Read MoreCongratulations! You have survived spending months of COVID-19 lockdowns with your significant other and still love each other! Perhaps you have now both decided that you are ready to move in together permanently. While the thought of a possible separation in the future is not at the forefront of your mind when you are in […]
Read MoreThe purchase of a new construction home or condominium can differ from a property that is a resale. This is due to the fact that you are purchasing directly from the builder. The residential sector for the development industry is strong in Ontario. With the growing population and more residents moving outside the city, more […]
Read MoreWhat is a Shareholder? A party becomes a shareholder in a corporation when shares are issued to them from the corporation in exchange for money paid, property transferred, or past services rendered to the corporation. Shares can also be acquired through purchasing existing shares from another shareholder, as long as this complies with applicable securities […]
Read MoreThere have been many new changes to Ontario estate law and there are more to come. This is the start of a much-needed refresher in this area of law. Among these changes are the new simplified procedure for small estate administration, Bill 245, witnessing wills and Powers of Attorney, and the proposed legislation on spousal […]
Read MoreChanges are coming for homebuyers and uninsured mortgages. Those immersed in the current real estate market will know that there has been a dramatic increase in current house prices. According to the Canadian Real Estate Association, some markets have reached up to a 30% upsurge. To calm the popularity of the in-demand housing market, the […]
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