Landlords, Tenants and COVID-19: What You Need to Know

Landlords, Tenants and COVID-19: What You Need to Know By Mark Weisleder As the Province slowly comes out of lockdown, the rights of landlords and tenants are all affected as questions continue to arise about COVID-19. Continue to read on to learn the 6 things you need to know surrounding landlords and tenants post COVID-19. […]

Avoiding the Mortgage Refinancing Penalty

Avoiding the Mortgage Refinancing Penalty If you would like to refinance your mortgage without the penalty payment, RealEstateLawyers.ca has the answer. Three Months Interest The penalty is the equivalent of three months of interest on your current mortgage principal. This penalty can apply to both variable and fixed mortgages. How to calculate it:  [ begin{bmatrix} […]

Be prepared for September 30, 2021

Be prepared for September 30th, 2021 Buyers and sellers have already started planning for September 30, 2021, with many real estate closings already scheduled across Ontario. Movers have already been retained. With the new Canadian National Day for Truth and Reconciliation being declared a holiday on September 30, starting this year in 2021, real estate […]

Can a Buyer Refuse to Pay a Deposit and Cancel a Real Estate Agreement?

Can a buyer refuse to pay a deposit and cancel a real estate agreement? There are some situations where a buyer has succeeded in a late-night bidding war and has had buyer’s remorse the following day. In many Ontario real estate agreements, the deposit is payable within 24 hours of acceptance. The buyer then decides […]

Can a Seller Cancel Their Real Estate Agreement?

Can a seller cancel their real estate agreement? As a result of the rising real estate market, sellers who signed agreements four months ago saw similar homes sell for more money. They then try to cancel their agreement and sell to someone else for more money. Can a seller do that? Here are the answers […]

Little Things Make a Big Difference In a Real Estate Agreement

Little things make a big difference in a real estate agreement Whenever a dispute arises in a real estate agreement, a judge will typically not be persuaded by what the buyer or seller thought or said. They usually ask one question: What does the agreement say? Therefore, it is essential that you are adequately protected […]

5 Things to Know When Closing At The End of The Month

5 Things to know when Closing at the end of the month As a result of the record-breaking sales this past Spring in the GTA, lawyers’ offices will be bustling at the end of June, July and August this year. As a result, it is more important than ever for buyers and sellers to be […]

7 Questions to Ask When Building a Backyard Deck

7 Questions to ask when building a backyard deck Now that summer has finally arrived, many homeowners may think about building a backyard deck by themselves. But, be careful; if it isn’t done correctly, you may run into problems later when you try and sell your home.  Here are seven questions to ask before building […]

5 Things to Remember When Doing a Renovation

5 Things to remember when doing a renovation If you are looking to begin home renovations, there are a few things you need to remember before hiring a general contractor. This is because you want to make sure the person you hire is someone you can trust and won’t cause you any headaches down the […]

What is a Power of Attorney – and Do I Need One?

What is a power of attorney and do I need one? A power of attorney (POA) is a legal document that allows you to appoint a person or organization to manage your property, financial, or medical affairs if you become unable to do so. Commonly, it is invoked when a person is incapacitated with illness […]