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A Gift is a Gift is a Gift – Gift Letters and Mortgage Down Payments.
Many homebuyers struggle financially to qualify to purchase a home. Often I see this with younger clients. Many young people need a little bit of help to get that first home. If they are lucky, they will have generous parents...
Commercial Landlord Remedies In Ontario
Commercial landlord and tenant relationships are defined by the commercial lease, as well as the Commercial Tenancies Act. Both the lease and the Act typically outline a number of possible remedies that landlords may draw on in the event of...
The Residential Tenancies Act (the RTA)
The Residential Tenancies Act (the RTA) provides for a wide range of remedies for tenants when a landlord fails to comply with its responsibilities as established by the RTA. For example, landlords have a responsibility to maintain a residential dwelling...
What is an Irrevocable Date and Why is it Important?
A binding contract requires offer and acceptance and consideration. Generally, an offer can be accepted at any time until it is revoked. In order to not allow an offer to be available for acceptance all Agreements of Purchase and Sale...
Agreements of Purchase and Sale Must be Completed in Good Faith
If you have been following my blog, I surprised many people last year with the revelation in Agreements of Purchase and Sale are legally binding contracts that you cannot simply "use" a condition in the agreement to "get out" of the deal....
Increases in Interest Rates Not to be Used as Penalties
The Supreme Court of Canada recently released the decision Krayzel Crop v Equitable Trust Co, 2016 SCC 18. This case provides some clarification to lenders with respect to when an interest rate can be increased. There are 2 scenarios that...
