by admin | May 15, 2021 | 2021 Toronto Star Property Law Columns, Toronto Star Property Law Columns
In the current chaotic residential real estate market, buyers are frequently submitting offers well in excess of either the listing price or the realistic market value. But transactions like this sometimes go off the rails when the buyers are unable to obtain...
by admin | May 1, 2021 | 2021 Toronto Star Property Law Columns, Toronto Star Property Law Columns
Can a buyer terminate a transaction and get their deposit back if the published listing significantly overstates the size of a house? A Superior Court decision this past March addressed this question, and concluded the buyers in the case breached their contract by...
by admin | Apr 17, 2021 | 2021 Toronto Star Property Law Columns, Toronto Star Property Law Columns
An interesting case from the Tax Court of Canada last fall explores the issue of how many times a taxpayer can flip personal residences during a short period of time before the government will tax the profits as income rather than tax-free capital gains. Rick Hansen,...
by admin | Apr 3, 2021 | 2021 Toronto Star Property Law Columns, Toronto Star Property Law Columns
Last month I was asked to review an offer to purchase a $1.2 million waterfront cottage on Lake Simcoe. The experience underscored how important it is, especially in cottage transactions, to determine the exact size and location of the property being purchased with a...
by admin | Mar 20, 2021 | 2021 Toronto Star Property Law Columns, Toronto Star Property Law Columns
Disputes over the unauthorized use of condominium common elements continue to appear in Ontario courtrooms. One recent case involved Irving and Nancy Kumer, who owned a luxury condominium townhouse on Lower Village Gate, near Spadina Rd. and St. Clair Ave. W., in...
by admin | Mar 3, 2021 | 2021 Toronto Star Property Law Columns, Toronto Star Property Law Columns
Who is responsible when a home is so defective that it is deemed unsafe to occupy? That was the issue facing John Breen after he purchased a luxury cottage for $710,000 in 1999. The winterized cottage was 5,000 square feet on 15 acres with six bedrooms, 4-1/2...
