Real Estate
Always up-to-date LTT and NRST Frequently Asked Questions
Last updated Feb 9/18 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 created this page to provide answers to the questions we are hearing most frequently from Ontario lawyers. Thanks to an ongoing and helpful dialogue with… Read More »
Categories: Real EstateFrequently asked questions and a CPD program on the LTT and NRST changes
LAWPRO and other stakeholders have had discussions with the Ministry of Finance on some of the questions and issues raised by the changes to the Land Transfer Tax (LTT) and the new Non-Resident Speculation Tax (NRST). To assist the real estate bar, we are sharing information provided to us by representatives of the Ministry of… Read More »
Categories: Real Estate[LAWPRO Alert] Clarification on implementation of non-resident speculation tax changes
The information in this Alert is dated. Please visit our Always up-to-date LTT and NRST Frequently Asked Questions webpage for the most current information. [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… Read More »
Categories: Announcements, Real Estate[LAWPRO Alert] Clarifications on implementation of provincial land transfer tax changes
The information in this Alert is dated. Please visit our Always up-to-date LTT and NRST Frequently Asked Questions webpage for the most current information. [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… Read More »
Categories: Announcements, Real EstateIs a real property survey still required?
When I’m asked if a real property survey is still required, I answer it depends, but do you and I agree on what it depends? Traditionally, real estate lawyers undertook a series of investigations – title and off-title – to provide the purchaser and lender clients with an opinion on whether title was good and… Read More »
Categories: Real Estate, The TitlePLUS Program & Title InsuranceThe lender client: not just a third wheel in a purchase transaction
It isn’t uncommon for real estate lawyers to be retained to act for both the purchaser of a property and the mortgage lender that is financing the purchase. However, a review of lender claims against lawyers for negligence suggests a misconception by some lawyers who believe that their only obligation to the lender client is… Read More »
Categories: Real EstateTo avoid real estate claims: take instructions from the party with value at risk
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 Estate10 Common Mortgage Blunders You Can Easily Avoid
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