This post has been made in conjunction with our good friends at Above Realty โ a real estate brokerage serving Toronto and the surrounding areas that does not charge commission and covers your legal fees. Visit them at aboverealty,ca to find out more. If you’re thinking about buying a property in Ontario, one of the first questions you may have … Read More
Airbnb Property Owners Beware: Ontario Court Says You Owe HST on Sale
In 1351231 Ontario Inc. v. The King (2024 TCC 37), the Tax Court of Canada (TCC) held that a condo initially used for long-term rentals but later listed on Airbnb did not qualify as a โresidential complexโ under the Excise Tax Act (ETA), making its sale subject to HST. The corporation had purchased the unit in 2008, treating it as … Read More
Why Buying Pre-Construction in Toronto Can Be a Smart Move
Thinking about buying a pre-construction condo or home in Toronto? Learn the top advantages of investing early in new developments across the GTA. ________________________________________ Why Buying Pre-Construction in Toronto and the GTA Makes Sense Torontoโs real estate market continues to evolve, and buying pre-construction has become an increasingly popular option for homebuyers and investors alike. Whether you’re looking for a … Read More
Ontario Pre-Delivery Inspections – Why Are They So Important?
A Pre-Delivery Inspection (PDI) is a crucial step for homebuyers in Ontario when purchasing a newly built home or condominium. It is the inspection that takes place just before you take possession of the property, allowing you to ensure that the builder has completed the home or condo according to the agreed-upon specifications, quality standards, and local building codes. Whether … Read More
Looking to Sign a Commercial Lease in Toronto? Take a Look at These Tips Before You Do
Signing a commercial lease in Ontario is a significant step for your business, and itโs essential to ensure that the lease terms align with your needs and protect your interests. Here are some important tips to keep in mind: 1. Understand the Lease Term โข Length of Lease: Commercial leases can vary in length, typically ranging from 1 to 10 … Read More
Should you get a Will? – The Key Differences between having one and not having one
In Ontario, the key differences between dying with a will (testate) and dying without a will (intestate) are related to how your estate is distributed, the process of handling your affairs, and who is in charge of managing your estate. Hereโs a breakdown of the differences: 1. Distribution of Assets โข With a Will (Testate): o You get to decide … Read More
Does your lifestyle suit a condo?
Before putting a down payment on a condo, take a look at see if a condo is truly the right fit for you.
What does your real estate lawyer do for you?
Many people fail to realize the importance of a lawyer working for them in a real estate transaction. The video below provides a great summary on the benefits of having a legal professional working for you.