By Jayson Schwarz LLM and Jacqueline Moneta JD Just a friendly reminder to all of us to stop putting off our estate planning. Making a will is actually much easier and less complicated than it may seem when you work with an experienced lawyer. With families now coming in so many different shapes and sizes,…
By Jayson Schwarz LLM and Jacqueline Moneta JD Just a friendly reminder to all of us to stop putting off our estate planning. Making a will is actually much easier and less complicated than it may seem when you work with an experienced lawyer. With families now coming in so many different shapes and sizes,…
How to carefully prepare to buy a home by JAYSON SCHWARZ, LLM Here you are getting ready to make what may be the largest single purchase that you will ever make in your life, when you are confronted by daily doses of anxiety caused by uncertainty and indecision. “What do I do?” you ask yourself.…
By: Jayson Schwarz LLM Whether you are a young or an older person, having Powers of Attorney and Wills prepared are a necessary evil that every person not only should do but must do. I stress this because I have seen so many times the mess that is left behind when an individual does not…
When it comes to Wills, while the numbers vary somewhat from survey to survey, one thing about the picture remains consistent: Fewer than half of Canadians have a Will, and even fewer than that have appointed Powers of Attorney. There is a number of reasons why this might be, but there seems to be a…
by JAYSON SCHWARZ, LLM & HAMZA AHMAD, JD The last two years of COVID-19 and low inflation rates created a frenzy in the real estate market; perhaps something few of us anticipated in the early days of the lockdown. People were rushing to buy homes and homeowners were happy to see their home prices escalate.…
WHAT YOU NEED TO KNOW ABOUT THE NON-RESIDENT SPECULATION TAX In order to help cool the real estate market and make homes more affordable to residents, the government of Ontario instituted a speculation tax for foreign buyers. It was restricted to certain hot market areas. At least that was the hope. It seems only rising…
By Jayson Schwarz LLM and Razik Sarsam CPA. CA As most files that come across our desks are multifaceted, in writing this article we chose to lay out a common scenario involving a family business and provide a strategic process to address related corporate tax, real estate, and succession planning issues. Shaun Moishe MacDonald is…
By : Jayson Schwarz LLM and Razik Sarsam CPA,CA 1. With international travel still facing disruption due to Covid, what’s your advice to businesses attempting to manage overseas real estate processes as they enter a new market? Canada is one of the most vaccinated countries in the world with over 71% of the population double…
CTV Your MorningJayson Schwarz Discusses Renting Your Pool Watch Interview To swim or not to swim? To rent or not to rent? Those are the questions. I was recently interviewed on CTV’s Your Morning to discuss this very issue. It seems that the home Internet rental phenomenon has expanded to include not only homes but…
With GTA real estate holding steady at sky high prices, Millennials are left scratching their heads trying to find a way into the housing market. With the average resale price in Toronto more than $1 million, more young adults are turning to their families for help. But what does this mean for the Baby Boomers…
Summer has come, and many people head for the lake, greenery and beauty of nature. We’re either buying a cottage, opening a cottage we already own or just enjoying our time there. As you sit on the dock and watch the children and grandchildren play, with the sounds of summer cascading around you, your mind…
By: Jayson Schwarz LLM and Hamza Ahmad JD If you think your purchase price is the only amount you will be paying your builder on closing you should read the fine print of your contract, or better yet, have a real estate lawyer review it for you. Interim Occupancy Closings Before the final closing for…
By: Jayson Schwarz LLM It is the week before your closing on your newly constructed home. Your lawyer has just reached out to you and explained the money you need to bring in. All of this is set out in the statement of adjustments (“s/a”) received from the builder’s lawyer. in that s/a are the…
By Jayson Schwarz LLM and Hamza Ahmad JD One of the most common questions our clients ask us is, “When will I get the keys to my new home?” If the transaction is a typical purchase, our answer will be “Most likely by 6 p.m.” but when someone is selling a home to buy a…
By: Jayson Schwarz LLM and Hamza Ahmad JD Many clients think that doing an assignment of a home purchase agreement is a simple transaction, but the reality is far different. It is an extremely complex transaction and if not handled properly can result in the loss of a lot of money. This article describes two…
As at January 1, 2021 True Path Law merged with Schwarz Law LLP. True Path Law is a mid-size residential real estate transactional law firm currently located in Mississauga, Ontario. True Path’s founder Patrick Squire brings extensive and unique high volume real estate experience, gained through senior management roles with Chicago Title Insurance and FNF…
By: Patrick Squire and Jayson Schwarz LLM You have moved into your new home, your finances have stabilized…and months later, you get a surprising set of property tax bills. When closing on a new build condominium or freehold property, you should always be aware that at the time of closing, the taxing authority has not…
PRECONSTRUCTION CONDOS By Jacqueline Moneta JD and Jayson Schwarz LLM With the average prices of homes in the GTA soaring to over $1 million, this makes condominiums an attractive and more affordable option. Condos represent an opportunity to enter the market for first-time buyers, and investors alike, especially when it comes to preconstruction condos. But…
COVID-19 AND CONDOS By: Jayson Schwarz LLM and Jacqueline Moneta, J.D. While the current COVID-19 pandemic has impacted all facets of life, health and safety concerns have perhaps been the most pressing issue for condominium corporations. So how have condominium corporations reacted to the pandemic and what can owners expect? AMENDMENTS TO THE CONDOMINIUM ACT,…