Builders may not be able to squeeze extra money from the buyers.

Monday Jul 24th, 2023

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In recent years we have heard of many instances of builders demanding extra money from the purchases of pre-construction residential properties, in many cases the options were to pay thousands of dollars or to terminate the contract. This may not be that easy going forward, in the case of Dhaliwal v Midland homes the judge recently ruled that the builder must honour the original purchase price and is not entitled to any additional funds. In summary Dhaliwal’s purchased a... [read more]

Buying Land to Build a Dream Home.

Tuesday Nov 13th, 2018

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You have found a nice and inexpensive piece of land and decided this is where you want to live, perhaps not only is it a great place for you to call home but also a fantastic investment. Great, now slow down, a lot of research should go into the decision making before dumping your hard-earned money into it, as there will be many hurdles to overcome, and many questions to answer: Question 1. Can I build a house on this piece of land? This will depend on several factors, there... [read more]

Buying Renovated Property. What About Building Permits.

Tuesday Apr 16th, 2019

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  You are interested in purchasing a renovated property, this gorgeous house in a great established neighbourhood has been completely renovated top to bottom, it just looks great, and is everything you have ever wanted. Do I have anything to worry about? Yes, one of many items you have to check are the construction permits. CHECK IF THE PERMITS WERE OBTAINED. Why is this important? Most major renovations will require some kind of permit, examples of work requiring... [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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