Posted in Real Estate Law Guides | McMurter & Associates, Whitby

When purchasing property in Ontario, buyers need to be aware of the land transfer tax, a significant cost that can add thousands to your purchase price.What is land transfer tax?In Ontario, the land transfer tax is a fee you pay to the provincial government when you acquire real estate. It’s ca...

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...

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 ...

You are selling your home and the deal is set to close in 2 weeks. You get a dreaded call from your lawyer that the buyer will no longer buy your house. You have moving trucks arranged, and you’ve already entered into an Agreement of Purchase and Sale of your new house. What is going to happen ...