by Shaneka Shaw Taylor | Aug 8, 2019 | Advice for Agents, Featured, Legal Issues
The spring and summer of 2017 saw one of the hottest real estate housing markets in the Greater Toronto Area. According to the Toronto Real Estate Board, the average year-over-year sale price increased by six per cent. Buyers and sellers scrambled to take advantage of...
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,...
