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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...
Benefits Available With Real Estate Lawyers for First-Time Home Buyers
There are many aspects of a real estate transaction that may seem overwhelming, especially when it is your first home purchase. The transaction is likely the largest investment you have ever made. In order to ensure that the transaction goes...
Buying a Condo? Additional Aspects for Your Real Estate Lawyer
A real estate lawyer has a vital role to play in a condo purchase. Although buying a condominium unit is similar to buying a single family home - inasmuch as it includes signing an Agreement of Purchase and Sale -...
