A New Code of Ethics for Ontario Homebuilders Introduced
As the demand for new houses continues to rise in Ontario it is no surprise that complaints about the home building process have risen too. Cities across the province have cited an uptick in building issues. Complaints range from unlicensed builders and contractors building homes, significant delays, increased costs to complete the home and general […]
Is Help On its Way for New Construction Home Buyers? The HCRA Says Yes!
The real estate market in Ontario is red hot and while bidding wars may have buyers discouraged, there is good news! Buyers purchasing new build homes now have an additional resource to help navigate the daunting world of home builders, vendors, and warranties. In February 2021 Ontario launched the Home Construction Regulatory Authority (HCRA). The […]
Ontario’s Condominium Authority Tribunal: Where it Started and Where it is Going
In March, 2020, the quick shift to online platforms due to COVID-19 proved to be a big adjustment for many, except perhaps the Ontario Condominium Authority Tribunal (CAT). Launched in November, 2017, the CAT became Ontario’s first fully online tribunal. This year, as Zoom calls became the venue for happy hours, and graduations became not […]
First-Time Home Buyer Incentive Program
In today’s real estate market, it is becoming increasingly more difficult for first-time home buyers to find and secure an offer on a property. Low mortgage rates and a limited supply of properties has led to an increase in multiple offers situations and properties being sold for well over the list price. This can be […]
COVID-19’s Effect on New Construction
After visiting numerous model homes and reviewing various floor plans, you entered into a Purchase Agreement to buy your dream home. Construction begins, you pick your finishes, and you can see your home taking shape. Your excitement grows, as you enter the final stretch to the closing date. Then, the World Health Organization (“WHO”) declares […]
What You Need to Know about Builder Deals
So you’ve looked around and finally found your “dream home”, a newly built home from a builder. You’re at the sales office and you want to put in an offer to purchase, but the Agreement of Purchase and Sale is 20-30 pages long! What do you do? Before you sign the agreement, you should be sure you […]
Want to Buy a Condo, But Not Sure How It Works?
In today’s real estate market, buyers have a variety of different options: single detached homes, semi-detached homes, town homes, new construction, resale homes and condominiums. There has been a growing trend towards the purchase of condominiums. However, many buyers are not familiar with how condominiums work. When a buyer purchases a condo, he or she […]
Tips for Working with a Lawyer on a Real Estate Transaction
Buying or selling a property can be a very exciting time. So many intricate details, all with time sensitivities, and so many different service providers to interact with – it can be overwhelming. Your real estate lawyers coordinate the “business side” of the transaction – the nitty-gritty of transferring title in exchange for money. Paying […]