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Development Applications and COVID-19: Delays, Deadlines and Expiry Dates
In Ontario, a state of emergency was declared due to the COVID-19 Pandemic on March 17, 2020. On March 20, 2020, the province issued a Regulation (retroactive to March 16, 2020) under the Emergency Management and Civil Protection Act, that...
Real Estate Lawyer Merredith MacLennan joins Merovitz Potechin LLP
Merovitz Potechin LLP is thrilled to announce that Real Estate Lawyer Merredith MacLennan has joined our team as of January 2020. Merredith has extensive experience in all aspects of real estate law including freehold and condominium land development, completing large...
HST New Housing Rebate – What New Home Builders Should Know
Most agreements of purchase and sale for newly built homes in Ontario are premised on buyers qualifying for the HST New Housing Rebate and assigning it to the builder. In exchange, the builder credits the buyer with the amount of...
Shared Common Elements in a Condominium
Condominium developers may be required by the City to purchase a Parcel of Tied Land ("POTL"), as authorized in the Condominium Act, 1998 (the "Act"), to be tied to their common elements. Conversely, condominium owners currently enjoying an informal arrangement...
Interim Occupancy Fees Related to a New Build Condominium Purchase
When a purchaser buys a newly constructed condominium unit, the builder will often allow them to move in prior to being able to transfer legal title to the property. This occurs in almost all new build condominiums since the legal...
New Build Condo Closing Costs: Tarion And Utilities
For our final post in our series on closing costs for new build condos, we will take a look at more complex costs that are payable upon closing. In previous weeks, we looked at the down payment and legal fees,...
