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Real Estate

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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]

Wednesday, October 18, 2017 @ 8:36 AM

How Ontario’s rent control changes will hurt new apartment construction

In April, Ontario enacted the Rental Fairness Act, 2017, revoking an exemption from rent controls for apartment rentals in buildings first occupied after Nov. 1, 1991. The revocation of the rent control exemption occurred in response to some high profile media reports chronicling substantial rent increases to residential tenants — in some cases as much as 100 per cent — in buildings which were exempt from the province’s 2017 rent control guideline (the guideline) of 1.8 per cent. ... [read more]

Wednesday, October 18, 2017 @ 7:28 AM

Changes to decades-old Alberta condo legislation 'long overdue,' lawyer says Roberto Noce, Miller Thomson LLP

Alberta has announced new protections for condo buyers, a move a real estate lawyer said will mark the first major changes to the province's condominium legislation in over 50 years. ... [read more]

Tuesday, October 17, 2017 @ 2:09 PM

Owners' Counsel of America adds new Ontario-based member

Shane Rayman is now a member of the Owners’ Counsel of America (OCA). ... [read more]