Real Estate
Introducing the new TitlePLUS: Launching May 17
The new TitlePLUS is launching on May 17 and is better than ever. It’s a one-stop shop to purchasing title insurance that busy legal professionals expect. Within minutes, you can complete an easy online application and receive a user-friendly title insurance policy that automatically includes legal service coverage. Backed by LAWPRO, TitlePLUS is the only… Read More »
Categories: Real Estate, The TitlePLUS Program & Title InsuranceTeraview improvements
The Director of Titles, Jeff Lem, has advised that Teraview was updated in two significant ways as of December 7, 2020. 1. French language documents may now be registered everywhere in the province via Teraview. Although some jurisdictions previously had this ability, this feature now applies to all counties and districts across the province. Nothing… Read More »
Categories: Real EstateOntario’s Residential Condominium Buyers’ Guide
Ontario’s Residential Condominium Buyers’ Guide was developed by the Condominium Authority of Ontario (CAO) in collaboration with the Ministry of Government and Consumer Services (MGCS) and approved by the Minister as a helpful resource for the purchasers of new condo units. Beginning on January 1, 2021 developers must provide a copy of the Condo Guide… Read More »
Categories: Real EstateOperators of short-term rentals in Toronto must register prior to December 31, 2020
Lawyers should be aware of the new short-term rental rules in the City of Toronto in order to advise clients who may be buying a property with the intent of short-term rental. Only registered operators can short-term rent in Toronto. The valid City-issued registration number must be included in all advertised listings (in the format:… Read More »
Categories: Real EstateNEW Registration Process for Paper Documents (Land Registry)
Further to the earlier notice the Director of Titles has provided instructions on how the registration process will function after the closing of the registry office counters as of October 13, 2020. This process will be in effect until Teranet builds online enhancements to OnLand and Teraview to allow paper documents to be submitted online…. Read More »
Categories: Real EstateNew rules for virtual signing and the winding down of remote signings of wills and powers of attorney
As Ontario continues to respond to COVID-19, the temporary provisions permitting the virtual witnessing of wills and powers of attorney are being wound down. However, the government has introduced new legislation and related regulations to permit the virtual commissioning of oaths or declarations. Remote Virtual Signing of Wills and Powers of Attorney The Reopening Ontario… Read More »
Categories: Law Practice Management, Announcements, Real EstateExcess coverage protects growing real estate practices
Is your real estate practice growing? That’s a good thing. But keep in mind that your risk exposure may be growing along with it. A hot market can mean a higher transaction volume, unconditional offers, and shorter closing times. All of these factors place pressure on lawyers, and can increase the chance of an error… Read More »
Categories: Real EstatePlanning Act Emergency Period Suspension Calculator
[NEW revised calculator, please only use the September 24, 2020 version] COVID-19 interrupted the timelines for numerous matters, including many proceedings under the Planning Act. Originally time periods under the Planning Act were suspended based on the general Emergency Period; they were subsequently addressed separately. All time suspensions regarding the Planning Act ceased on June… Read More »
Categories: Real Estate