Assignments Explained In Simple Terms

Sunday Apr 12th, 2020

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In this blog I will try to explain basics of assignments, the general terms apply to any region in Canada, some specifics will be related to Ontario and more specifically GTA. What is an assignment. Assignment is when the seller sells the interest in the property (contract with the builder) before they actually own the property (before the seller’s name is on the title). In real estate transaction the assignments can happen for preconstruction and resale, in practise it is very rare... [read more]

Real estate deals falling though - Greg Weedon Seminar

Sunday Nov 27th, 2022

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In this blog we post a seminar by our lawyer of choice Greg Weedon on the subject of the buyers’ real estate contract breaches. The seminar is fairly lengthy at about an hour and twenty minutes, to help navigate the video we have posted topic timeline below and we suggest watching the video along with the summary prepared by Greg and posted here. The seminar is designed for the real estate agents, but we think anyone interested in the process would find it interesting, there are... [read more]

15 examples of buyers breaching the real estate contracts

Saturday Nov 5th, 2022

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As the market has turned in the spring of 2022 unfortunately there were many breached contracts, and as we discussed with a well known and respected real estate litigation lawyer, the number of current cases is unprecedented. These unfortunate cases already have or will go to trial within the next couple of years, here we are listing 15 examples of the cases from the past to illustrate what happens when the buyer breaches the agreement of purchase and sale. Different cases: resale,... [read more]

Condos Allowing Short Term Rentals DT Core

Tuesday Oct 27th, 2020

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People who are interested in living in or investing in DT condos are often asking which building do, and which once don’t allow short term rentals. The truth is the majority of the condos don’t permit short term rentals and it is stated in their bylaws, of the buildings who are not allowing them there are some who enforce it strictly, and others that don’t. City of Toronto at the end of 2019 implemented new rules and regulations for short term rentals, there are certain... [read more]

Buying A Property With Basement Rental Potential.

Saturday Aug 29th, 2020

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  GTA’s real estate market has been very expensive for many decades and it is often very difficult to get into the market, and as we wait to save more the price increases tend to outpace the savings. In the last 20 years the price corrections have been few and far between, with few hiccups along the way the prices are going from expensive to even more expensive. One way to get into the market is to find a place with a rental basement potential, yours truly have done it with our... [read more]

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