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Category Archives: New or Pre Construction Condos

Preconstruction Condos

New or Pre Construction CondosDecember 31, 2020

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…

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SPECIAL ASSESSMENTS

International Matters, New or Pre Construction Condos, Real Estate, Residential Real EstateMarch 8, 2019

SPECIAL ASSESSMENTS By: Jacqueline Moneta JD with assistance from Jayson Schwarz LLM Most homeowners agree that maintenance and unexpected repairs are a fact of life. So why does talk of…

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Pools and Condominiums

New or Pre Construction Condos, New or Pre Construction Freehold Homes, Residential Real EstateOctober 3, 2018

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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Pets and Condominiums

New or Pre Construction Condos, Resale HomesJune 10, 2015

By: Jayson Schwarz LLM with assistance from Ernest Woo JD When buying a condominium the emotional aspects are often as important as the legal aspects and the two are inexorably intertwined. …

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Smoke and Condominiums

New or Pre Construction Condos, Resale HomesMarch 3, 2015

WHERE THERE IS SMOKE… Living in a condominium, second-hand smoke can enter your living space in a number of ways, including open windows, patios, and even through building ventilation systems.…

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Condominium Board of Directors: Friend or Foe?

New or Pre Construction Condos, Resale HomesFebruary 18, 2015

By: Jayson Schwarz LLM  I have been receiving many questions and complaints about the Board of Directors (the “Board”) of a number of condo corporations. The Board appears to be…

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WHERE THERE IS SMOKE…

New or Pre Construction Condos, Resale HomesFebruary 17, 2015

Living in a condominium, second-hand smoke can enter your living space in a number of ways, including open windows, patios, and even through building ventilation systems. So what can you…

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The Toronto Land Transfer Tax

New or Pre Construction Condos, New or Pre Construction Freehold Homes, Resale HomesFebruary 16, 2015

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…

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HST and Land Transfer Tax

Cottage Property, New or Pre Construction Condos, New or Pre Construction Freehold Homes, Resale HomesFebruary 16, 2015

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…

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Common Element Fees – What you need to know!!

New or Pre Construction Condos, Resale HomesFebruary 27, 2011

By: Jayson Schwarz LLM Part of buying a condominium is understanding the fact that you are entering into a legally binding agreement to pay certain monies every month to the…

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New Home Purchases and the HST

New or Pre Construction Condos, New or Pre Construction Freehold HomesFebruary 27, 2011

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…

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The Law of Good Faith . . . or lack thereof

New or Pre Construction Condos, New or Pre Construction Freehold Homes, Resale HomesOctober 8, 2009

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…

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The Mortgage Broker

New or Pre Construction Condos, New or Pre Construction Freehold Homes, Resale HomesOctober 8, 2009

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…

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How Does It Work On Closing

Cottage Property, New or Pre Construction Condos, New or Pre Construction Freehold Homes, Resale HomesOctober 8, 2009

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.…

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Condominium Common Element Fees

New or Pre Construction Condos, Resale HomesOctober 8, 2009

By: Jayson Schwarz LLM Part of buying a resale condominium is understanding the fact that you are entering into a legally binding agreement to pay certain monies every month to…

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Why I Need Title Insurance

New or Pre Construction Condos, New or Pre Construction Freehold Homes, Resale HomesOctober 8, 2009

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…

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Finding Your House and Your Lawyer

Cottage Property, New or Pre Construction Condos, New or Pre Construction Freehold Homes, Resale HomesOctober 8, 2009

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…

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What the Heck is Title Insurance?

Cottage Property, New or Pre Construction Condos, New or Pre Construction Freehold Homes, Resale HomesOctober 8, 2009

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…

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Not Every Lawyer is a Real Estate Lawyer

Cottage Property, New or Pre Construction Condos, New or Pre Construction Freehold Homes, Resale HomesOctober 8, 2009

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…

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How to Work with Your Lawyer

New or Pre Construction Condos, New or Pre Construction Freehold HomesDecember 11, 2008

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…

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Disclaimer:

The articles provided herein are for general information purposes only and not intended as or to be relied upon for legal advice. Consult with a lawyer for your unique situation.

 

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