Real Estate Law
Title Insurance in Real Estate Transactions
What is Title Insurance? Title insurance protects property owners from losses that could potentially arise regarding the legal ownership of a property. As a present title owner it is crucial to have a clear ownership “title” to the property. Despite the current owner being at no fault, these issues can always arise. Without title insurance,…
Read MorePlanning to Purchase a Resale Property? Here’s Your Guide
If you are considering purchasing a home or condo this year, one of the decisions you will need to make is whether you wish to purchase something that is newly built or whether you wish to purchase a resale property. While there are advantages and disadvantages to each, many people prefer to purchase a resale…
Read MoreWhen Does an Asset Go to Probate?
When dealing with someone’s estate after they are deceased, there is a process called probate which must happen before assets may be transferred to that person’s beneficiaries. This helps to ensure that the relative taxes are first paid out accordingly. The executor or administrator of the estate ensures that debts and taxes are paid off…
Read MoreA Divorce Attorney Explains: Is the Division of Property and Assets in a Divorce Always 50/50?
When a married couple decides to separate and go their separate ways, it is generally expected that property and assets will be divided equally. In fact, according to the Family Law Act in Ontario, it is required that assets that have been accumulated over the course of the marriage are divided 50/50 in the divorce.…
Read MoreFive ways to protect yourself when buying or selling real estate
Buying and selling real estate is a major financial transaction, for both parties involved. Thus it makes sense that each side wants to have their interests protected and make sure their investment is well made. If you’re considering buying or selling real estate, here are five tips to keep in mind. Do your research If…
Read More5 Tips for Homebuyers to Keep in Mind When Purchasing
Purchasing a home is the largest investments that most people will make in their lives. The process can be both exciting and stressful. But having the help of the right professionals such as a good realtor and real estate lawyer can really help the process go more smoothly. If you are in the process of…
Read MoreWhat is the difference between joint tenancy and tenants in common when buying a home?
In Ontario, there are several different ways of taking title to a home. You could be the sole owner or own the property jointly with someone else (typically a spouse or common-law partner). The two most common ways of owning a home with another person are joint tenancy and tenancy in common. If you are…
Read MoreThe Risks and Rewards of Buying a Foreclosed Home
If you have seen a foreclosure property appear on the market lately, you may be tempted to swoop in and purchase it at a fraction of the price that you would had it been a normal sale. Although foreclosure sales are not as common in Canada as they are in the US, they sill happen…
Read MoreBuying a Home from a Builder: What you Should Know!
Having a brand new home, where you get to pick out all the finishes and fixtures is so exciting! No one else has ever lived in this home, it’s just yours and you get to make it exactly the way you want it. It’s a very attractive option to work with a builder and purchase…
Read MoreHow Does a Real Estate Lawyer Help You Safely Navigate Buying and Selling During COVID-19?
Working with a real estate lawyer is critically important when you are closing a real estate transaction. Your lawyer can help you with a number of important items from helping you draft or understand the legalities of the sale contract, conducting title searches for you, and ensuring that the funds from the transaction are transferred…
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