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Friday, November 17, 2017 @ 8:30 AM

Reducing vacate clauses in B.C. residential tenancy agreements

In response to British Columbia’s red-hot real estate market, various levels of government have taken measures to mediate the growth of the residential market and to address public concerns regarding perceived loopholes related to rental regulations. One such measure includes Bill 16, the Tenancy Statutes Amendment Act, 2017. Should Bill-16 become law, it will significantly impact residential landlords and developers. ... [read more]

Monday, November 13, 2017 @ 12:02 PM

Beaumont joins Lavery Lawyers

Lavery Lawyers has added Marie-Lou Beaumont to its business law group. ... [read more]

Friday, November 10, 2017 @ 10:42 AM

Mortgage stress test expansion aimed at reducing sky-high household debt mortgage_teset_sm

The Office of the Superintendent of Financial Institutions (OFSI), which regulates banks and mortgage insurance companies, released further mortgage rules in a guideline titled Residential Mortgage Underwriting Practices and Procedures which will come into effect on Jan. 1, 2018. The purpose of this guideline is to ensure that federally regulated lenders adopt a stringent and rigorous approach to mortgage underwriting and to their internal risk protocols. ... [read more]

Thursday, November 09, 2017 @ 8:40 AM

Lawyers cautioned on the professional risks of syndicated mortgages

On October 24, 2017, the Law Society of Upper Canada issued a notice to lawyers concerning syndicated mortgages and syndicated mortgage investments. ... [read more]

Monday, October 30, 2017 @ 11:23 AM

Increased federal oversight of condo flipping called ‘grossly overdue’ Audrey Loeb, Shibley Righton LLP

The Canada Revenue Agency (CRA) is looking into nearly 3,000 condominium transactions in the Toronto and Vancouver areas for possible instances of tax evasion, and a prominent tax lawyer is saying increased federal monitoring of so-called assignment sales is “grossly overdue.” ... [read more]

Monday, October 30, 2017 @ 10:59 AM

Piurko to head Commercial Real Estate Women Network

The Commercial Real Estate Women (CREW) Network elected its first Canadian president. ... [read more]

Thursday, October 26, 2017 @ 8:50 AM

Proposed legislation to boost consumer protection for new homebuyers home_warranty_sm

The Ontario New Home Warranties Plan has been in effect for more than 40 years. The present system has given rise to persistent complaints of an appearance of conflict of interest. On the one hand, Tarion is the authority that registers builders and thereby gives them permission to operate. On the other hand, it is responsible for adjudicating disputes between those same builders and the owners of newly constructed homes under a warranty claim. ... [read more]

Monday, October 23, 2017 @ 9:46 AM

Implementing Bill 106: Big shake-up for the condominium industry

The condominium industry will be undergoing significant changes in the next few weeks. On December 3, 2015 the Protecting Condominium Owners Act, also known as Bill 106, received royal assent by the Ontario Legislature. Bill 106 is important because it marked the first overhaul of the province’s condominium law in over 16 years. ... [read more]

Friday, October 20, 2017 @ 12:14 PM

Three associates join Minden Gross

Toronto-based real estate, corporate and commercial transactional and litigation services law firm Minden Gross LLP has hired three new associates. ... [read more]

Thursday, October 19, 2017 @ 10:50 AM

Along with the name change, law society should also look at title insurance | Julius Melnitzer

The Law Society of Upper Canada (LSUC) will be changing its name. Let’s hope it doesn’t use the occasion to toss its sticky if not seamy underside into the compost bin. ... [read more]