by Natalka Falcomer | Jun 28, 2019 | Featured, Legal Issues
The interpretation of a “standard” clause by the court is always a coin toss. This is especially true as it relates to interpreting representations and warranties, as the decision in Beatty v Wei highlights. Beatty v. Wei, 2018 ONCA 479 involved the sale of a...
by Irina Sfranciog and Rachael Segal | May 8, 2017 | Featured, Legal Issues
In Canada, resident sellers of a principal residence are usually eligible for an exemption from the capital gains tax that would otherwise be triggered by the sale of a principal residence. Non-resident sellers must pay a capital gains tax of 25 per cent on the...
by Martin Rumack | Jul 26, 2016 | Advice for Agents, Featured, Legal Issues
At its essence, an assignment of an Agreement of Purchase and Sale – informally known as “flipping a home” – is a simple concept: A buyer of a new home allows someone else to take over the purchase contract, which allows that person to buy the home. More specifically,...
