Real Estate Law Blog


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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Estate planning: Don’t wait until it’s too late

There’s no better time than the present to get your estate in order. I’ve heard every excuse in the book from procrastinators who say they’re too young, too old, too poor or too scared to think about getting a will or a power of attorney in place. But the truth

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Eliminate joint-account confusion to avoid estate litigation

Parents could be sowing the seeds of a future estate battle when they set up a joint bank account with a child. There are good estate planning reasons for owning property jointly with a beneficiary – it can be an effective way to transfer funds while avoiding the 1.5 per-cent probate tax otherwise payable on assets in a person’s estate.

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