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Disclosure of Murder or Death in an Ontario Real Estate Sale
When looking to purchase real estate in Ontario, buyers should always perform their due diligence regarding the property. While this makes sense in terms of performing a physical home inspection with a licensed home inspector before finalizing the agreement, what...
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...
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....
Seller Property Information Statement – Do Not Sign
Sellers should not sign the Seller Property Information Statement ("SPIS") for many reasons. First, and foremost, it is not a required document to create a binding Agreement of Purchase and Sale. Next, it is overly complex, technically difficult to complete...
What You Should Know About Private Roads
Private roads are being used more frequently in recent years in Ontario. When a residential house is situated on a private road and a purchaser offers to buy that residential house, the purchaser should be aware of several associated realities....
