Real Estate Litigation Articles
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...
Beware of overcharges during interim occupancy period
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
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
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
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...
New home owners need these protections
Bob Aaron bob@aaron.ca One of the greatest shortfalls in Tarion’s consumer protection is in the area of marketing pre-construction houses and condominiums A review of consumer protections for owners of new homes is set to get underway. Retired associate chief justice...
New home owners need these protections
Bob Aaron bob@aaron.ca One of the greatest shortfalls in Tarion’s consumer protection is in the area of marketing pre-construction houses and condominiums, Bob Aaron says. A review of consumer protections for owners of new homes is set to get underway. Retired...
Buyers can cancel property sale over misleading information
Bob Aaron bob@aaron.ca Sellers aren’t required to answer questions about their property, but they have to be truthful in what they say.Agreeing to fill out a Seller Property Information Statement makes the seller liable for the answers they give. Is a seller required...
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