What is a co-op and how it differs from a condominium

Friday Oct 7th, 2022

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The topic of co-op units come up when someone sees a very inexpensive unit on the market and asks why so cheap, what’s the catch or is it too good to be true. To understand the issue, we will explain what co-op is, how it differs from the typical unit in a condominium and challenges related to buying, selling and owning a co-op. Legal structure. In a co-operative structure the corporation owns the land and each unit in the building, owner of a co-op doesn’t own the unit but... [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]

Kitec plumbing.

Tuesday Sep 28th, 2021

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If you are not familiar with kitec plumbing you are not alone, many have not heard of it, but if you are home or condo owner, or you are in the process of buying one, it would be beneficial to you to familiarize yourself with the basics. If interested, please read on. About kitec. Kitec plumbing was a very popular product used in homes and condos constructed between 1995 and 2007. In 2007 the problems were identified related to this product as the pipes and fittings were... [read more]

November 15, 2018 Ontario Rent Control.

Friday Jan 14th, 2022

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November 15, 2018 is a very important date since it determines if the unit falls under the rent control or not. We are often asked about it, and it is even more confusing for the owners and tenants in newer buildings. What does rent control refer to? It refers to how much the rent can be increased, for 2022 the rent can be increased 1.2% as per Municipal Affairs and Housing Guidelines. That means if your rental unit falls under the rent control and the rent charged was $1,000, for 2022... [read more]

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