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