by James R.G. Cook | Jun 21, 2021 | Featured, Legal Issues
While conditional offers may be rare in the Greater Toronto Area, where multiple bidders compete for most properties, buyers in less heated markets may sometimes negotiate a limited time period to have a home inspection, arrange financing or complete other due...
by James R.G. Cook | Jun 1, 2021 | Featured, Legal Issues
It is settled law in Ontario that when a buyer fails to complete an Agreement of Purchase and Sale, the seller is entitled to retain the deposit without having to prove any loss. This means that even if the seller makes a greater profit on a subsequent sale...
by James R.G. Cook | May 11, 2021 | Featured, Legal Issues
Agents often require buyer clients to enter into a Buyer’s Representation Agreement (BRA), which sets out the buyer’s agreement to pay the agent a commission on certain terms. The BRA is intended to provide an agent with some protection when working for a buyer to...
by Varoujan Arman | May 4, 2021 | Featured, Legal Issues
Despite the economic disruption caused by COVID-19, the residential real estate market has continued its upward climb. Pressures on home buyers have intensified. “Clean” offers without meaningful conditions – for financing, for the sale of an existing residence, or...
by James R.G. Cook | Apr 20, 2021 | Featured, Legal Issues
While the discovery of incorrect descriptions as to the size of a property or unpermitted renovations may allow a buyer to terminate a purchase transaction, that is not always the case. Whether a description of the size of the property is a material factor not only...
