Understanding the Ontario Land Transfer Tax: A Key Part of Your Home Purchase Buying a home in Ontario is a significant investment, and as part of this process, there are several additional costs that buyers must account for. One of the most important—and often least understood—is the Ontario Land Transfer Tax (LTT). While the LTT … Read More
Understanding the Commitment Once a buyer submits an offer to purchase a property in Ontario, and the seller accepts, both parties are legally bound by the terms of the contract. This brings up a critical question: can a buyer back out of an accepted offer? The short answer is that while there are scenarios in … Read More
So, You’re Selling a Haunted House in Ontario: Legal Tips for Ghostly Disclosure Selling a house in Ontario is never just about handing over the keys. But when the property has a little “extra” (as in, extra footsteps, unexplained whispers, and the occasional hovering candle flame), things can get tricky. Welcome to the world of … Read More
Understanding the Statement of Adjustments in Ontario Real Estate In an Ontario real estate transaction, understanding the statement of adjustments is essential for both buyers and sellers as it finalizes the financial details of the transaction on closing day. This document details various costs, prepaid expenses, and any adjustments that ensure each party covers their … Read More
Understanding Offer and Acceptance in Ontario Real Estate When it comes to offer and acceptance in Ontario real estate, each step is critical to a successful transaction. A clear and legally sound offer sets the foundation for a smooth process, and understanding the elements of acceptance helps both buyers and sellers navigate Ontario’s unique requirements. … Read More
