Real Estate

Ontario builders are concerned about Tarion’s future, says lawyer

/ Real Estate /
Jillian M. Siskind
Jillian M. Siskind
Partner at Siskind Doyle LLP
(416) 953-3334, ext. 1011
jillian@jilliansiskind.ca
Jillian M. Siskind
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It has been reported that Tarion – the independent and not-for-profit organization that administers Ontario’s new home warranty program – is facing the “largest claim event” in its history, with the organization expecting to owe more than $90 million to home buyers. “The claims are expected for deposits from homebuyers who purchased homes or condos […]

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Do I need a real estate lawyer if I inherit a house?

/ Real Estate /
Sean Schaefer
Sean Schaefer
Partner/co-founder at Dumas Schaefer Family Law
(780) 23-2643
info@dsfamilylaw.ca
Sean Schaefer
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People that inherit a property have three choices: live in the residence, rent it or sell the property. Each has legal implications. “That is why anyone in this situation should seek the advice of a qualified real estate lawyer,” says Edmonton real estate lawyer Sean Schaefer. “They can guide you through the legal aspects of

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Hidden costs to be aware of when buying a house

/ Real Estate /
LegalMattersCanada
LegalMattersCanada
blogcorpcanada@gmail.com
LegalMattersCanada
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By LegalMatters Staff • There are many “hidden” charges when buying a home. They vary in size but can add up, which will cause real problems if you are already struggling to make your mortgage payment each month. “If you are putting down less than 20 per cent toward the purchase of a home in

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A home inspection is a great investment for home buyers

/ Real Estate /
LegalMattersCanada
LegalMattersCanada
blogcorpcanada@gmail.com
LegalMattersCanada
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By LegalMatters Staff • Anyone thinking about buying a home should get a home inspection done first. The relatively minor cost ($400 to $600) pays for itself in terms of peace of mind. “A qualified home inspector can help you make an informed decision about what is likely the largest investment you will ever make,”

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A deposit can be recovered when a home sale fails

/ Real Estate /
LegalMattersCanada
LegalMattersCanada
blogcorpcanada@gmail.com
LegalMattersCanada
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By LegalMatters Staff • To show their sincerity prospective home buyers often will include a deposit in their offer to purchase. The deposit forms part of the agreement and is applied against the buyer’s down payment at closing. When an offer to purchase is drafted it will include conditions that have to be met before

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Reneging on a home sales agreement can be costly

/ Real Estate /
LegalMattersCanada
LegalMattersCanada
blogcorpcanada@gmail.com
LegalMattersCanada
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By LegalMatters Staff • Once a home seller and a buyer formally sign a standard sales agreement, a deal is a deal. If either party wants to back out, there will likely be legal and financial consequences. “A signed formal purchase agreement is a binding contract and cannot be rescinded without the consent of the

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There are many reasons to hire a knowledgeable real estate lawyer

/ Real Estate /
LegalMattersCanada
LegalMattersCanada
blogcorpcanada@gmail.com
LegalMattersCanada
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By LegalMatters Staff • There can be many decisions to be made when purchasing or selling a home and one of the first should be to hire an experienced real estate lawyer. If you are a homeowner, you are the one who decides when to put your house on the market. You are ultimately responsible

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House hunting in a hot market requires cool calculation

/ Real Estate /
Mariya Berenbaum
Mariya Berenbaum
(416) 513-9418
mariya@mbpropertylaw.com
Mariya Berenbaum
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By Tony Poland, LegalMatters Staff • It can be easy to get burned in a hot housing market, especially for those who fail to do their homework, says Toronto real estate lawyer Mariya Berenbaum. Berenbaum, founder of MB Law, says those taking the plunge during the current home-buying frenzy should ensure they are not getting in

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