Protecting condo buyers when materials, expenses change in final sale agreements

by admin | Feb 27, 2016 | 2016 Toronto Star Property Law Columns, Toronto Star Property Law Columns

Bob Aaron bob@aaron.ca Recent court decisions have ruled in favour of condo buyers seeking a refund of their deposits following a discrepancy between the initial documents they signed and the final sale agreement. Recent lawsuits over material changes in final sale...

Beware of overcharges during interim occupancy period

by admin | Feb 13, 2016 | 2016 Toronto Star Property Law Columns, Toronto Star Property Law Columns

Bob Aaron bob@aaron.ca The way some builders calculate estimated taxes is not the way the city does it and the result is a significant overcharge to buyers. Thousands of purchasers of new condominiums are being overcharged for property taxes. Here’s how it works: when...

Late mortgage payment charges contrary to Interest Act, court rules

by admin | Feb 1, 2016 | 2016 Toronto Star Property Law Columns, Toronto Star Property Law Columns

Bob Aaron bob@aaron.ca Interest Act is intended to protect property owners against abusive lending practices. A decision of the Ontario Court of Appeal has ruled that late payment charges and default fees set out in a mortgage are unenforceable and contrary to the...

Let’s name a lane or two after Wayne and Shuster

by admin | Jan 16, 2016 | 2016 Toronto Star Property Law Columns, Toronto Star Property Law Columns

Bob Aaron bob@aaron.ca Toronto’s Laneway Project offers the perfect chance to honour these famous local comedians, suggests Bob Aaron.   The Aarons and the Shusters around 1985. L-R Bob Aaron, Dorothy Aaron, Frank Shuster, Ruth Shuster. The city of Toronto has about...

Title insurance must cover post-closing work orders

by admin | Dec 15, 2015 | 2015 Toronto Star Property Law Columns, Toronto Star Property Law Columns

Bob Aaron bob@aaron.ca Insurance must cover missing wall, court rules Ontario homeowners who have purchased title insurance policies are the big winners in a Court of Appeal decision released last week. When Paul and Stefanie MacDonald bought their Toronto home back...