Always review a current status certificate before buying a condo

Buying a condo is not the same as buying a house. With a condo, there are a few extra details you should check before signing the deal. A crucial one is the status certificate. Here’s why. One woman we know simply had her lawyer review the status certificate’s summary page before getting the go-ahead to [...]

By |2019-09-03T15:20:06+00:00September 30th, 2018|

Buying a house with a tenant? Here’s what you need to know

For many homeowners, renting out the basement or other areas of their home is an attractive idea. After all, having a tenant helps cover mortgage costs, making the purchase easier to afford. In exchange, all you (hopefully) have to do is fix the occasional leaky faucet. But having a tenant in a single-family home can [...]

By |2019-09-03T18:10:18+00:00April 2nd, 2018|

Conditions exist to safeguard interests of purchasers

A booming real estate market last year caused an uptick in offers with no conditions, a phenomenon which can harm buyers, writes Toronto real estate lawyer Lisa Laredo in The Lawyer’s Daily. Last spring, “the market was so hot that vendors were able to sell most properties within a day or two; many above the asking price,” writes [...]

By |2019-09-03T18:29:38+00:00January 30th, 2018|

New legislation proposes to increase protection for new homebuyers

Although the Ontario new home warranties plan has been in effect for more than 40 years, it has given rise to persistent complaints of an appearance of conflict of interest — and the government now plans to split its two functions, Toronto real estate lawyer Lisa Laredo writes in The Lawyer’s Daily.   To read more please follow [...]

By |2019-09-03T18:30:42+00:00November 4th, 2017|

What you need to know about buying a pre-construction condo

Buying a pre-construction condo is more complicated than it first seems. The easy part is what feels like the hardest — finding a condo that you love at a price you can afford. Sure, you may have looked at dozens of plans in a number of buildings to find the one that’s right for you. [...]

By |2019-09-03T19:44:18+00:00August 28th, 2017|

Speculation tax more political than practical

The Ontario government's recently announced policy changes won’t have a significant impact on the real estate market. Non-resident speculation tax The government’s 15 per cent tax on the purchase price of all property in the Greater Toronto Area by non-residents of Canada is intended to curb the influx of foreign money into the market, which some believe [...]

By |2019-09-03T20:45:45+00:00August 22nd, 2017|

Commercial real estate buys trickier than residential property

Buying commercial real estate differs significantly from personal property purchases, so it’s vital that entrepreneurs seek legal advice early, Toronto real estate lawyer Lisa Laredo tells AdvocateDaily.com. For the full article please go to http://www.advocatedaily.com/lisa-laredo-commercial-real-estate-buys-trickier-than-residential-property.html

By |2019-09-03T19:46:47+00:00August 8th, 2017|

Executor’s role is no small job: Laredo

The role of an executor is to quarterback the assets of the deceased and it’s no small job, says Toronto lawyer, Lisa Laredo. But there is a prescribed process to follow to fulfil that obligation and ensuring the executor is prepared for the task ahead is as important as making the decision on who to [...]

By |2019-09-03T19:50:29+00:00June 9th, 2017|

Legal agreements are a must in shared home ownership arrangements

Earlier this month, about two dozen Torontonians came together in a speed-dating type of event in search of a home ownership partner. These are people who may have sizeable down payments but, in today’s hot Toronto housing market, can’t make a go of it alone. What they each need is someone willing to share a [...]

By |2019-09-03T19:51:40+00:00June 2nd, 2017|

Shared Home Ownership (Podcast)

Shared Home Ownership (Part 2): Advice from a Real Estate Lawyer Part 2 of Shared Ownership is from a legal point of view. As housing prices in Toronto climb, we have to find creative solutions to home ownership. I’m a big advocate of friends buying houses together. https://www.spreaker.com/episode/11723901

By |2019-09-03T19:51:58+00:00May 31st, 2017|