Real Estate
Fifteen tips for real estate lawyers from Sid Troister of Torkin Manes
The Law Society’s 2023 Real Estate Summit recently took place, and Sid Troister of Torkin Manes identified fifteen important tips and observations taken from speakers and program materials. These are useful for all real estate lawyers to read, and were included in Mr. Troister’s email newsletter. 1. The solicitor client relationship obligations are still with… Read More »
Categories: Real EstateImportant Reminder: Update to Non-Resident Speculation Tax
Effective October 25, 2022, the Non-Resident Speculation Tax (NRST) rate was increased to 25 per cent from 20 per cent. It applies to the purchase or acquisition of an interest in residential property located anywhere in Ontario by individuals who are not Canadian citizens or permanent residents of Canada, or by foreign corporations or taxable… Read More »
Categories: Real EstateTips for When a Client Dies
It is a difficult experience when a client dies. However, the right to confidentiality does not end with death and you have continuing professional duties. Our new tip sheet explains the steps to take upon learning that a client has passed away, depending on whether the matter involved litigation, wills or real estate, as well… Read More »
Categories: Wills & Estates, Real Estate, Civil LitigationFree LAWPRO CPD: Video replay of Tips for Real Estate Lawyers
The real estate market is shifting, and so are the risks. LAWPRO is seeing a range of real estate claims and new dangerous real estate frauds. Join our panel featuring leading real estate lawyers and LAWPRO counsel who will share practical tips about key risk areas and how to effectively manage them. Download the materials… Read More »
Categories: Real EstateNational Day for Truth and Reconciliation
September 30 marks the second National Day for Truth and Reconciliation. The day was created to honour survivors of the residential schools, their families, and communities, and this public commemoration remains a vital part of the reconciliation process. September 30 is a federal statutory holiday. Banks, the post office and other federally regulated entities will… Read More »
Categories: Diversity, Real Estate, Civil LitigationNew Federal Underused Housing Tax
[Update Sept 11/23] Underused Housing Tax penalties and interest waived The deadline for filing under the Underused Housing Tax Act (S.C. 2022, c. 5, s. 10), is April 30th, 2023, however the Canada Revenue Agency (CRA) has extended the time to file any return and pay any tax to November 1, 2023. For further information… Read More »
Categories: Real EstateUpdate about fund transfers
There has been much written about how lawyers receive and deliver money from their trust accounts on behalf of their clients as part of a transaction. The issue comes down to ensuring good funds are being dealt with in order that value is exchanged. In Canada, our banking system works on the basis of trust,… Read More »
Categories: Real Estate, Fraud PreventionCottages and Rural Properties: Avoid Common Errors that Lead to Title Insurance Claims
Cottages are a Canadian summertime staple. For many, cottage life has become tradition and cottage ownership is a dream come true. Conversely, cottage and rural residential properties generally present the real estate lawyer with some of the most challenging and complex issues of any area of real estate law, and may surprise lawyers who are… Read More »
Categories: Communication Errors, Real Estate