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Ontario Real Estate, Wills & Estate Law Blog
Stay informed with practical legal insights from McMurter & Associates. Our blog explores Ontario real estate law, buying and selling property, wills, estate planning, probate, powers of attorney and other issues affecting individuals, families and real estate professionals. These articles provide general information; for advice about your specific circumstances, contact one of our lawyers in Whitby.
Power of Sale in Ontario: What Homeowners and Buyers Need to Know
Posted by Allison McMurter-Hughes
on 22 August 2024
The short answer: A power of sale is a sale by a lender after a homeowner defaults on mortgage payments, using a right granted in the mortgage. In Ontario, buyers can purchase these properties, but they are sold "as is" at fair market value, not necessarily at a bargain, so have a real estate lawye...
| Posted in:Real Estate Law Guides | McMurter & Associates, WhitbySelling a Home in Ontario | McMurter & Associates |
Estate Administration Tax in Ontario: What It Is and How to Reduce It
Posted by McMurter & Associates
on 23 July 2024
The short answer: Estate Administration Tax (EAT), often called probate fees, is a tax Ontario charges on the value of an estate when an estate certificate is issued. There's no tax on the first $50,000, and $15 per $1,000 above that. Naming beneficiaries and holding assets jointly can reduce how ...
| Posted in:Wills & Estates |
Foregoing a home inspection? Proceed with caution.
Posted by Allison McMurter-Hughes
on 23 June 2024
As a buyer, it can be tempting to forego all conditions. Financing, home sale, and home inspection conditions are the most common conditions. If you are considering excluding conditions, we urge you to reconsider.It is no secret that our team at McMurter & Associates are strong believers in c...
| Posted in:First-Time Home Buyer Legal Guides | McMurter & Associates |
What Is a Chattel and What Is a Fixture in an Ontario Home Sale?
Posted by McMurter & Associates
on 27 May 2024
The short answer: A chattel is a movable piece of personal property that isn't permanently attached to a home, such as furniture or appliances, and it only stays if the Agreement of Purchase and Sale says so. A fixture is an item attached to the home or land, such as light fixtures, and generally ...
| Posted in:Real Estate Law Guides | McMurter & Associates, WhitbySelling a Home in Ontario | McMurter & AssociatesBuying a Home in Ontario | McMurter & Associates |
Tips for selling a property that is a part of an estate
Posted by Allison McMurter-Hughes
on 24 April 2024
When settling the estate of an individual there are often hurdles and hiccups that must be navigated. If you are an Executor of an estate that has property to sell, we expect that you may have some serious questions. Read more about what to expect when you are appointed as an Executor ...
| Posted in:Wills & Estates |
