by Martin Rumack | Oct 8, 2020 | Featured, Legal Issues
An “unconditional” offer is one that is made without any conditions attached – such as the buyer first being able to obtain financing, obtain a satisfactory home inspection, sell their existing home and/or other stipulations. In a recent case called Perkins v....
by Martin Rumack | Apr 30, 2020 | Legal Issues
As you may have been advised by your accountant and/or your tax lawyer, the CRA has introduced new disclosure and reporting rules effective for the 2021 taxation year. Will these new requirements open a Pandora’s Box? That’s the big question in connection with trusts....
by Martin Rumack | Apr 23, 2020 | Legal Issues
Under Ontario’s Condominium Act, 1998 a condominium corporation is granted specific powers in the event that an owner fails to pay his share of the common expenses. Specifically, section 85 entitles the corporation to a lien against the defaulting owner’s unit, which...
by Martin Rumack | Jan 28, 2020 | Advice for Agents, Columnists, Legal Issues
I am often asked to discuss the start of a home-based business. Most provinces (hopefully including Ontario soon) allow real estate professionals to set up personal real estate corporations. But for other businesses, if you have a client who is thinking of operating a...
by Martin Rumack | Sep 26, 2019 | Advice for Agents, Featured
Whether your client is a first-time buyer or a current owner who is renewing their mortgage, their commitment to the right (or wrong) mortgage loan can last for years and years and will have a serious impact on their finances – and by extension, on their ability to...
