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Assignment of New Home Agreements
The 2022 Federal Budget was tabled on April 7, 2022 (the “Budget”). Given the growing demand for new homes, it comes as little surprise that the government has proposed various new rules aimed at addressing affordability in the real estate...
A homebuyer’s guide to home inspection reports
Congratulations! You have just purchased a property and it is conditional on inspection by a home inspector. What happens when you receive your home inspection report and there are one… two… ten… fifty things wrong with the property? What do you do? ...
Federal Budget 2022: Ottawa to Implement Canada-Wide Anti-Flipping Tax
The 2022 Federal Budget introduces a new deeming rule to ensure profits from flipping residential real estate are subject to full taxation. The proposed Anti-Flipping Tax would affect homeowners who sell a principal residence that they have owned for less...
Builder and Developer Series Part 1: The Land Deal
Whether you are a builder or developer looking to purchase vacant land, a tear-down, or a building slated for fit-up or renovation, one of your first steps is going to be making a land deal with the vendor (seller). While...
Code of Ethics for New Home Builders and Vendors
The arrival of the Home Construction Regulatory Authority (HCRA), established under the New Home Construction Licensing Act, 2017 (NHCLA) has brought about many changes impacting new home builders and vendors in Ontario. Most recently, on July 1, 2021, regulations under...
Purchase and Sale of AIRbnb Properties Part 2
In Part 1 of our series on the purchase and sale of AIRbnb rental properties, we discussed different forms of taxation that may apply when buying or selling a short-term rental property. In Part 2, we will look at city...
