Land Transfer Tax (LTT) is a tax levied by provincial or territorial governments on the transfer of property ownership, typically when a property is bought or sold. The tax is calculated based on the property’s purchase price or its fair market value, whichever is higher. Here’s how it typically works: 1. When It’s Paid: LTT is usually paid when the … Read More
Going on title to a property with a parent and it is your matrimonial home? How Section 26 (1) of the Family Law Act could impact you.
Real estate law and family law often intersect in very interesting and sometimes unwanted ways. Imagine a situation where your parents own their property, and you marry and live in the property, and you go on title to it as part of your estate planning. What would happen if you passed away before your parent? Recently, I came across this … Read More
Cottage ownership and what you should know
Everyone wants a nice relaxing time at their cottage. To ensure the time at your cottage is stress free, consult a real estate lawyer to protect yourself from unexpected problems.
Why every homeowner needs Title Insurance
Title Insurance is an important part of any residential real estate transaction. It can protect you from many circumstances that can arise after a deal has closed. The following video explains why Title Insurance is important to any residential real estate transaction.
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