Real Estate Law Blog


Small estate changes a small step in the right direction

Probate just got a little easier for some small estates.  The provincial government recently announced that it would raise the limit for those considered “small estates” from $50,000 to $150,000.   “Right now, the process to apply to manage an estate in Ontario is the same, whether the estate is worth

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Improving reverse mortgage products a good option for seniors

Reverse mortgages are growing in popularity as the quality of the products available improves.  Better Dwelling, a news outlet covering the housing market, reports that reverse mortgage debt has spiked in Canada over the last couple of years, with Canadians owing around $4.3 billion in total to regulated financial institutions

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MLS misrepresentation can be costly

Think carefully about what goes in your MLS listing, because you could be held to it. The real estate listing is up there with the Agreement of Purchase and Sale in terms of importance, and buyers are entitled to rely on its contents.

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Take care when buying in a sellers’ market

Property hunters need to take a breath before committing to risky offers as the Toronto real estate market heats up again. After a brief slowdown in the early months of the pandemic, bidding wars and bully offers are well and truly back in the GTA. While the Toronto Regional Real

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Canadian Money

The differences between a deposit and down payment

When buying a home, the standard real estate contract will always require a deposit. The contract may then go on to provide for a further payment of cash, which, together with the proceeds of an anticipated mortgage along with the deposit, make up the purchase price. The further cash payment

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Lawyer review critical for newbuild condos deals

Take advantage of the cooling off period to avoid getting burned on a newbuild condo deal. Brand new condo purchases hold a unique status in Ontario’s real estate world, carrying with them a slew of extra steps and adjustments that can easily catch out ordinary consumers.   As a result, provincial

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