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Recent Posts:
- My Two Cents on the Canadian Real Estate Market and Housing Prices in 4 Minutes
- CONDOMINIUM LAW: 10 Day Cooling Off Period and Giving Proper Notice of Rescission
- CONSTRUCTION LAW UPDATE: The Meaning of Builder Under the Ontario New Home Warranty Plan Act
- REAL ESTATE LAW UPDATE: Is a Condominium Corporation Obligated to Buy the Superintendant’s Unit?
- REAL ESTATE LAW: Condominium Basics
PLZ Law Blog
Category Archives: Real Estate
My Two Cents on the Canadian Real Estate Market and Housing Prices in 4 Minutes
Date: April 24, 2012 | Author: Jeff Levy, HBSc, MBA, CFA, AMP, JD
Every other day I get asked “what’s the deal with the Canadian Real Estate market and housing prices is there a cap? Will there be a bust/crash? What will be the floor?” After spending 4 minutes thinking about it; the following is just my two cents! Over the past few years, I wake up every ...
CONDOMINIUM LAW: 10 Day Cooling Off Period and Giving Proper Notice of Rescission
Date: February 21, 2012 | Author: Maxim Zavet, BA, JD
The condominium market in Toronto is and has been hot over the past few years for a variety of reasons such a seeming stable Canadian economy, foreign investment, growth in Toronto’s financial services industry, low interest rates and lack of supply in desirable neighbourhoods. Condominium Developers market new projects as sexy investments, and for the ...
CONSTRUCTION LAW UPDATE: The Meaning of Builder Under the Ontario New Home Warranty Plan Act
Date: September 2, 2011 | Author: Maxim Zavet, BA, JD
In Ontario, Tarion Warranty Corporation (“Tarion”) is responsible for administering the Ontario New Home Warranties Plan Act R.S.O. 1990, CHAPTER 0.31 (the “Act”) and is remedial, consumer protection legislation that primarily seeks to protect new home buyers from construction deficiencies and delayed closings. To paraphrase from the Tarion website, ONHWP describes the mandatory responsibilities of ...
Breached Agreements of Purchase and Sale: Can I Recover My Losses?
Date: February 9, 2011 | Author: Jeff Levy, HBSc, MBA, CFA, AMP, JD
Many Real Estate transactions wind up breaking down between the point where an Agreement of Purchase and Sale has been signed and the transaction is completed (“closed”). In such cases there are very often financial losses for both parties. Depending on who is at fault, there are avenues for the vendor or purchaser to recover ...
REAL ESTATE LAW UPDATE: Can the Court Refuse a Remedy Under the Partition Act?
Date: February 9, 2011 | Author: Maxim Zavet, BA, JD
In a past article, it was discussed that under the Partition Act R.S.O. 1990 (the “Act”) one has a prima facie right to partition or sell a co-owned property in which they have legal and or an equitable interest in. The presumption is in favour of a partition rather than a sale, however, a sale ...
Property Tax in Ontario: A Primer
Date: January 27, 2011 | Author: Maxim Zavet, BA, JD
One of the most contentious issues in real estate and property is how real property taxes are assessed and charged to the property owner, of course, it is only contentious when one’s property taxes are assessed at a higher rate than it should be. In Ontario, the Municipal Property Assessment Corporation (MPAC) is a non-profit ...
Real Estate law: Can You Refuse to Close if Your Condominium Square Footage is Less Than You Bargained For?
Date: January 13, 2011 | Author: Maxim Zavet, BA, JD
In real estate law, representations are very important elements to any agreement of purchase and sale. Typically the party selling the property will represent things such as the size of the land, the size of the dwelling, that the chattels and fixtures included in the purchase price are free and clear of encumbrances and in working ...
Real Estate Law: Choosing a Real Estate Lawyer and Understanding Fees
Date: November 16, 2010 | Author: Maxim Zavet, BA, JD
Often clients will shop around for legal services as if they were a commodity and not a service and therefore the lowest price is the only consideration in their decision. Like almost any good or service, you often get what you pay for! When looking for a real estate lawyer, one should always ask the ...
Real Estate Law: Buying Real Estate with Other Parties or Trying to Sell Real Estate Owned with Others?
Date: November 5, 2010 | Author: Maxim Zavet, BA, JD
Often individuals and companies purchase property together either as a means to secure financing, registered ownership or as a business venture. For various reasons, often financial, one or some of the parties need to relinquish their interest in the property. For example, Joan and Bob purchased a multiplex as tenants in common with a fifty ...
