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Real Estate

Notice to Lawyers Concerning Syndicated Mortgages

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On Oct. 24, 2017, the Law Society of Upper Canada issued a notice to lawyers concerning syndicated mortgages and syndicated mortgage investments. A syndicated mortgage is a mortgage where two or more persons participate as investors. Syndicated mortgages can be as simple as two people lending to a third person, the loan secured against a… Read More »

Categories: Real Estate

Commercial title insurance: What you need to know

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Commercial title insurance is a different product than a residential policy. For the most part, residential policies can be characterized as being “one size fits all” or “off the rack.” Yes, there are times when a residential policy may require an amendment or an exclusion to accommodate a particular situation, but often times, assuming the… Read More »

Categories: Real Estate

The CBA’s Mortgage Instruction Toolkit

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The Mortgage Instructions Toolkit is a practical resource for residential real estate lawyers in Canada. Over the last few years, lender instructions have increased in scope and lawyers may find themselves being pressured to give opinions and assume responsibility for matters outside their areas of expertise. The result is a significant increase in potential liability…. Read More »

Categories: Real Estate, Practice Aids

What kinds of PPSA claims does LAWPRO see?

What kinds of PPSA claims does LAWPRO see? Problems with registrations under personal property security legislation (such as the Ontario Personal Property Security Act (PPSA)) are common causes of claims against corporate/commercial lawyers, and indemnity costs associated with these claims can be high. Approximately ten claims involving allegations of PPSA-related mistakes are reported to LAWPRO… Read More »

Categories: Real Estate

Reflections on Technology Changes in Real Estate Practice

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Online real estate portals support client satisfaction, risk management, and profitability Facilitating transfers of real estate has been the bread-and-butter of thousands of Ontario lawyers for generations. Despite occasional market wobbles, real estate business has helped firms to flourish in communities of all sizes, often supporting the delivery of family, estates, commercial and even criminal… Read More »

Categories: Real Estate, Technology

Always up-to-date LTT and NRST Frequently Asked Questions

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Last updated June 8/17 The government has posted the following regulations http://www.ontario.ca/laws/regulation/r17182 The FAQs have not been updated to what is stated in the regulations: (Updated June 8, 2017). To help real estate lawyers take steps to comply with the recent changes to the Land Transfer Tax and the new Non-Resident Speculation Tax (NRST), LAWPRO… Read More »

Categories: Real Estate
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