Make Sure You Know What You’re Ordering In my unique role, I interact often with prospective clients who are trying to decide on a law firm for their upcoming real estate transaction. Many are first-time homebuyers. Almost all have questions: ‘Who’s the best lawyer?’, ‘What’s a good price?’, ‘Is Land Transfer Tax a scam?’, ‘How …
(AND NO, LAND TRANSFER TAX IS NOT A SCAM) While a typical right-of-passage of adulthood has traditionally included the first purchase of a home, skyrocketing prices, lack of inventory, bidding wars and income insecurity have made this milestone incredibly challenging for today’s first-time home-buying demographic – arguably more now than any time in the past …
JUST KNOW WHAT YOU’RE GETTING INTO: TIPS FOR FIRST-TIME HOMEBUYERS Read More »
PURCHASING A HOME IS ALWAYS A MEANINGFUL AND SIGNIFICANT EXPERIENCE FOR FIRST-TIME HOMEBUYERS. STILL, SOMETIMES THE EXCITEMENT THAT SURROUNDS A HOMEBUYER’S TRANSACTION CLOUDS THE REALITIES OF SOME OF THE UNEXPECTED COSTS ASSOCIATED WITH PURCHASING A RESIDENTIAL PROPERTY FOR THE FIRST TIME. ONE OF THESE UNEXPECTED COSTS IS THE DREADED LAND TRANSFER TAX (LLT). LTT is …
FIRST-TIME HOMEBUYER SERIES: THING TO CONSIDER- ONTARIO’S LAND TRANSFER TAX Read More »
It is well established by the Courts that an Employer has an almost unfettered right to terminate the employment of an employee. However, in the event of a termination of employment on a without cause basis (meaning no fault of the employee) the debate over the amount of notice or pay in lieu thereof required …
The closing date is usually the final step in the purchase or sale of a home. However, the closing very often (even more so since the onset of the ongoing COVID-19 pandemic) may be required to be extended. The completion (or lack thereof) of the real estate transaction on the originally agreed upon closing date …
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