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Real Estate

[LAWPRO Alert] Clarification on implementation of non-resident speculation tax changes

LAWPRO ALert

[The following is a LAWPRO Alert that LAWPRO sent to all Ontario lawyers with REPCO coverage on April 24, 2017] With the new Non-Resident Speculation Tax (NRST) statements being required as of April 21, an issue arose as previously signed documents would have lost their approval if someone added the new statements. Late Friday afternoon… Read More »

Categories: Announcements, Real Estate

[LAWPRO Alert] Clarifications on implementation of provincial land transfer tax changes

LAWPRO ALert

[The following is a LAWPRO Alert that LAWPRO sent to all Ontario lawyers with REPCO coverage on April 21, 2017] This afternoon the Ministry of Finance posted an update that clarifies how previously signed documents will be handled. The Ministry’s update makes it clear that previously signed documents will remain signed and can be registered… Read More »

Categories: Announcements, Real Estate

[LAWPRO Alert] Non-resident speculation tax changes effective April 21, 2017

LAWPRO ALert

[The following is a LAWPRO Alert that LAWPRO sent to all Ontario lawyers with REPCO coverage on April 20, 2017] The Law Society received a letter from the Ministry of Finance today which provides details about the April 21, 2017 implementation of the non-resident speculation tax changes. LAWPRO encourages all lawyers who handle real estate… Read More »

Categories: Announcements, Real Estate

[LAWPRO Alert] Provincial land transfer tax changes effective April 24,2017

LAWPRO ALert

[The following is a LAWPRO Alert that LAWPRO sent to all Ontario lawyers with REPCO coverage on April 19, 2017] LAWPRO encourages all lawyers who handle real estate transactions in Ontario to be aware of upcoming changes to the land transfer tax system. These changes apply to applicable purchases and acquisitions starting April 24, 2017…. Read More »

Categories: Announcements, Real Estate

To avoid real estate claims: take instructions from the party with value at risk

real-estate

If you’ve read even just the title of today’s risk management post, you’re on your way to avoiding a real estate claim. For seasoned real estate lawyers, the process of taking instructions, formulating or answering requisitions, and closing the deal can become, to a large extent, routine. An “ordinary” set of instructions with respect to… Read More »

Categories: Real Estate

10 Common Mortgage Blunders You Can Easily Avoid

real-estate

The Smiths (seemingly friendly and genuine people) walk into your law office with what appears to be a straightforward real estate deal including mortgage financing, for which you are to represent the lender as well. But, is it really that straightforward? Consider this: a high percentage of claims are caused by communication errors, inadequate investigation,… Read More »

Categories: Real Estate
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