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There 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 […]
Read MoreOne of the most considerable closing costs when purchasing a home is the Ontario Land Transfer Tax. This tax is a cost you may not be familiar with if you are a first-time homebuyer. When purchasing a home and property, there is a tax fee associated after the close of the transaction. This tax goes […]
Read MoreIn Ontario, common-law couples and married partners are able to enter into Cohabitation Agreements and Marriage Contracts (“pre-nuptial agreements”). In the unfortunate event of a breakdown of the relationship, partners are then able to enter into a Separation Agreement (collectively, all of these agreements are known as “domestic contracts”). One function of these types of […]
Read MoreA lot has changed in the world since the COVID-19 pandemic began just over one year ago. The real estate industry has been no exception. We have seen clarifications by the courts respecting the impact the pandemic has on contractual obligations in real estate transactions. These decisions have resulted in parties seeking practical solutions in […]
Read MoreRecent statistics suggest that there is a record demand for rural properties in Ontario. This may, in large part, be due to the COVID-19 situation, which has resulted in more people having the option to work remotely and has led to a greater desire to move away from large urban centers. If you have found […]
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