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Real Estate


Wednesday, November 22, 2017 @ 10:50 AM

Disagreement on legal remedies for ongoing bad tenant problem Joe_Hoffer_sm

Vexing and at times even vexatious, so-called “professional tenants” are well known to advocates on both sides of the landlord-tenant divide. But as any landlord caught in one of these horror stories knows, pinning them down under the present rules can be a drawn-out, draining process. ... [read more]

Tuesday, November 21, 2017 @ 8:39 AM

REAL ESTATE AGENTS AND BROKERS - Liability - Types of - Breach of contractual duties

Appeal by Anderson from a Court of Queen’s Bench decision finding Anderson caused a loss, along with the other parties, related to representation on a sale of residential property. ... [read more]

Monday, November 20, 2017 @ 8:33 AM

Early action key when expropriating condominium common elements

A number of large, publicly funded infrastructure projects are currently underway in Ontario. These include multiple year transit initiatives such as the Mississauga and Ottawa light rail transit system. Given their mostly urban locations, a number of expropriations associated with such projects will inevitably involve condominium common elements. The expropriation of common elements presents unusual complications. ... [read more]

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]