Asbestos – does it matter?

What is Asbestos? Where is it? Asbestos was often used in the construction of residential properties, particularly in the 1950s to 1970s. Asbestos was primarily used as an insulator because it is heat resistant and has a high tensile strength. It was contained in products such as pipe and duct insulation on heating systems, sealers […]

Buyer’s right to a final inspection?

Once you buy a property, are you allowed to have another look?  Now, once you own it, you can look at it all you like, but by that time it may be too late. The basic question is whether you have the legal right to inspect it before closing. From time to time, this issue […]

Defaulting Buyers lose their deposit

Defaulting Buyers lose their deposit – even in a rising market One of the fundamental principles of contract law is that damages are based on the actual loss suffered by the innocent party when there is a breach of contract. Damages restore the innocent party to the position she would have been in if the […]

New rules for principal residence exemption

A seasonal residence, such as a cottage, cabin, lake house or even ski chalet can be considered to be “ordinarily inhabited in the year” even if you only use it during vacation periods “provided that the main reason for owning the property is not to gain or produce income.” As part of the new measures […]

More UrbanCorp troubles

Tarion Warranty Corp., which administers the Ontario New Home Warranties Plan Act, sent a note advising customers of Urbancorp that “Tarion has issued a notice of proposal to revoke the registration of 17 Urbancorp related companies.” It adds, “The decision was made due to the builder’s failure to meet Tarion’s ongoing registration requirements.”  Read more…

Mortgage fraud thrives in Canada

Earlier this year, Home Capital Group Inc., the country’s largest alternative mortgage lender, revealed it had cut ties with 45 mortgage brokers after an anonymous letter to the company’s board of directors sparked an investigation into forged documents, such as fake employment letters and income statements. Collectively, the brokers who were fired generated nearly $1-billion […]

What common law couples should know

A lot of people assume that common law relationships are the same as marriage after a certain number of years.  This is both correct and incorrect.  It’s correct in the fact that certain rights are acquired in a common law relationship, but the matrimonial home is still just that – the matrimonial home. You need […]

Distracted driving penalties increase…

Maximum $1K fine and three demerit points for Ontario drivers who text, email or talk on handheld phone Ontario unanimously passed legislation Tuesday increasing penalties for drivers who text or use a handheld phone while on the road, and who open their door into the path of a cyclist. The update to the Highway Traffic […]