Pools and Condominiums
By: Jacqueline Moneta JD and Jayson Schwarz LLM Whether you’re buying or renting a condominium, pools are often high on a house hunter’s list of desired amenities. But as a…
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The Toronto Land Transfer Tax
The Toronto Land Transfer Tax Anyone looking to get into the Toronto real estate market should be aware of the Toronto Land Transfer Tax (“TLTT”). This TLTT is applicable to…
HST and Land Transfer Tax
By: Jayson Schwarz LLM A number of readers have expressed concern over the documents in the Agreement of Purchase and Sale relating to HST. Today, virtually all builders include GST…
New Home Purchases and the HST
By: Jayson Schwarz LLM and Lori Simpson Effective July 1, 2010, new home buyers became subject to 13% HST on their purchase agreements. The HST, consisting of a 5% federal…
The Law of Good Faith . . . or lack thereof
By: Jayson Schwarz LLM The Supreme Court of Canada said that good faith is not a requirement by either side in the negotiation of a contract. They went on to…
The Mortgage Broker
By: Jayson Schwarz LLM Today’s article is a little different I want to discuss mortgage brokers and their role in the home purchase process. Who is and why use a…
How Does It Work On Closing
By: Jayson Schwarz LLM Lawyers have a tendency to forget that people do not know what to expect as they move closer to their closing so I hope this helps.…
Why I Need Title Insurance
By: Jayson Schwarz LLM In order to explain title insurance the best way may be to tell a story. Once upon a time Shaun and Molly purchased a beautiful…
Finding Your House and Your Lawyer
By: Jayson Schwarz In this article I will try to provide some of the basic knowledge that you will need in order to go forward to put in an offer…
What the Heck is Title Insurance?
By: Jayson Schwarz LLM Title insurance is provides comprehensive insurance coverage for the certain of the title-related risks associated with home buying. Risks such as zoning issues, claims of mental…
Not Every Lawyer is a Real Estate Lawyer
By: Jayson Schwarz LLM I participated as a guest speaker at a first time homebuyers seminar presented by Tarion (For those of you that either do not know, Tarion is…
How to Work with Your Lawyer
By:Jayson Schwarz This is so complicated I hope he helps The new condominium agreement of purchase and sale (the “Offer”) is an intimidating document that requires the expertise of an…
Mortgage Caps and When I need a Lawyer
By: Jayson Schwarz LLM In this article I thought I would start by answering a question posed by one of our readers. The question relates to the issue of mortgages…
Financing and The Hidden Tricks
By: Jayson Schwarz LLM I cannot believe how certain builders (“Vendors”) are trying to take advantage of new homebuyers on the issue of mortgages. There is an attempt to squeeze…
Final Inspection
By Jayson Schwarz LLM Today we are going to address a small but incredibly important part of the process of buying that new home, the “Pre Closing or Pre Delivery…
Can I Refuse to Close my Newly Constructed Home?
By: Jayson Schwarz As the Purchaser of a brand new home pre-construction you have the opportunity in most cases to choose the elevation, the lot and the various specifications and …
What Your Lawyer Does and What it should Cost
By: Jayson Schwarz LLM As a first time homebuyer hiring a lawyer for your real estate deal is probably the first time most of you will have had contact with…
Does Anyone Wear a Black Hat in the Residential Building Process
By: Jayson Schwarz LLM I like to think not. I have many people worried and asking whether the Builder is going to take advantage of them; whether their home will…
Getting Your House in Order
By: Jayson Schwarz LLM Whether you are a young couple or individual purchasing your new home for the very first time, a resale buyer moving in the market or an…
Closing Costs: Who gets Them? Who Pays Them?
By: Jayson Schwarz LLM At the closing of a residential real estate transaction there are usually three groups who get paid: the vendor/builder, various governments, and the lawyer. Each group…