Real Estate Litigation Articles
Toronto’s vacant home tax a surprise, its exemptions confusing
Empty homes face tax of one per cent of provincial assessment, but some do not, writes Bob Aaron. The deadline for declarations has been extended. The City of Toronto vacant home tax has caught many owners by surprise, and understanding all of the available exemptions...
Found money in a house? That doesn’t necessarily entitle you to it
Instance of money being found in Bracebridge, Ont., focuses issue of unclaimed property in Ontario. It’s not always finders keepers, says Bob Aaron. When I heard that the Ontario Provincial Police in Bracebridge were looking for the owner of “a significant amount of...
Will you have to pay Toronto’s new Vacant Home Tax?
The 1 per cent charge on homes that go unoccupied for more than 6 months of the previous year is still a work in progress, write Bob Aaron. The City of Toronto’s new Vacant Home Tax is now in effect on Toronto residences. With certain exemptions, the tax applies to...
Toronto’s vacant home tax looms, and it will have ripples
The new annual tax kicks in on January 1 and home buyers should be vigilant to avoid being on the hook for penalties of up to $10,000. Toronto’s new annual tax on vacant residences kicks in on January 1, and it will have a significant impact on how real estate...
When does a home buyer legally own the property? Sooner than you may think
The old legal principle of ‘equitable conversion’ gives the buyer ownership once both sides have signed the deal, writes Bob Aaron. A compelling situation was raised in a Facebook group for real estate professionals last month by a realtor in Mississauga. The...
CREA steps back on a controversial new policy about home sale listings
The plan to begin mandatory public listings of homes for sale on Jan. 1 will now be put to a vote at the next annual general meeting, writes Bob Aaron. In the wake of a torrent of negative feedback, the Canadian Real Estate Association (CREA) has suspended its new...
Expect court challenges to law banning non- Canadians from buying property
Is the new law a genuine effort by Parliament to regulate immigration and citizenship, or a back door attempt to regulate property law, asks Bob Aaron. After January 1, 2023, it will be illegal for any non-Canadian to purchase residential property anywhere in Canada....
Why forcing home sellers to publicly list their properties is a bad idea
Many sellers choose exclusive listings because they don’t want their homes’ details and sale prices known, writes Bob Aaron. The Canadian Real Estate Association (CREA) has announced a change in its rules that will work against the best interests of home sellers...
A home purchase offer is legally binding once it’s signed
A buyer is obliged to complete the deal whether or not the deposit is paid, writes Bob Aaron. If a buyer has a change of heart after signing a purchase agreement, but before paying the deposit, is the contract still binding? That was the issue in a Superior Court case...
When pre-construction home buyers face builder demands for more money
Construction problems such as foreseen costs, and shortages of labour and materials, are issues for builders — not purchasers — to resolve, writes Bob Aaron. Just because a builder demands more money to build a new home or condominium does not mean that it is...
Carlson & Associates
Real Estate Litigation Lawyers
Contact us today to learn more about how we can assist you.
