Real Estate Litigation Articles

EasyFund could have difficulty getting off the ground

Bob Aaron bob@aaron.ca Web-based money transfer system’s goal is to streamline real-estate closings. But is it needed? Will home buyers willingly pay an extra $148 to help lawyers close their purchase transactions? The question arises in the wake of the launch by...

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Builder bankruptcy reveals warranty shortcomings

Bob Aaron bob@aaron.ca Tarion warranties need to be improved, and a forthcoming report on improving consumer protections should address delayed occupancy compensation The recent insolvency of the Urbancorp builder group, and its impact on hundreds of would-be home...

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Tips to reduce, postpone or avoid probate taxes

Bob Aaron bob@aaron.ca Some simple solutions to help keep the taxman’s fingers out of your pockets. The soaring values of GTA-area homes has made it an increasingly expensive proposition to die while owning real estate. Huge probate taxes, officially known as estate...

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Get a survey even if your agent says no

Bob Aaron bob@aaron.ca Only a survey prepared by an Ontario land surveyor can confirm that the cottage is situated inside the appropriate land boundaries. With cottage-buying season now underway, it’s important to remember that a land survey is the single most...

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No need for third-party hand in closing funds

Bob Aaron bob@aaron.ca Proposed scheme full of unanswered questions on money safeguards, timing of transfers and discharging prior mortgages. A new business to transfer funds in real estate purchases and sales is being proposed in Ontario. The plan is to take control...

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Regulating Ontario’s home inspectors is taking too long

Bob Aaron bob@aaron.ca In this province, anyone with a business card and a flashlight can be a home inspector. But after more than three years of study, the Liberals are still not ready to proceed with legislation. There’s good news and bad news for homebuyers who...

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Be wary of rebate rules before buying a home

Bob Aaron bob@aaron.ca Until now, when a cousin, aunt, uncle, nephew, niece, friend or business associate is registered on title for mortgage purposes, none of the buyers can get the rebate. It is unclear after a recent court decision if having a friend listed on your...

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Fee for land transfer registration amounts to tax on a tax

Bob Aaron bob@aaron.ca ‘Administration fee’ that will now be charged on municipal land transfer tax is $75 — plus HST Last week the City of Toronto and Teranet, the administrator of the provincial land registration system, announced a new $84.75 tax on registration of...

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Finders keepers’ law not always a golden ticket

Bob Aaron bob@aaron.ca What would you do if you found a gold bar while renovating someone’s house? If you had been hired to renovate and in the process discovered a 1 kg gold bar worth $50,000, would you return it to the owner of the house? Or pocket it and say...

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