The Closing Corner: Insights & Innovations in Canadian Real Estate Law

Welcome to "the closing corner", your go-to resource for the latest insights and innovations in Canadian real estate law. Here, we explore legal trends, offer expert advice, and share valuable resources.

Welcome to "the closing corner", your go-to resource for the latest insights and innovations in Canadian real estate law. Here, we explore legal trends, offer expert advice, and share valuable resources.

Indirect Consequences of Canada’s Foreign Buyer Ban

Indirect consequences of Canada's two-year foreign buyer ban may be reducing its impact. The ban has narrowed the pool of foreign buyers Toronto homebuyers traditionally…

Reassuring Mortgage Borrowers When Interest Rates Climb

Panicked mortgage borrowers can make for nerve-wracking encounters when interest rates climb. Who can blame them? Debt that outpaces the value of a home could…

Waiving Legal Advice During Real Estate Deals

Waiving your right to legal advice on real estate deals can be a dangerous slope. Buying and selling property is a major investment. Not only…

Top 5 Reasons Conditional Offers Fall Through

No wonder that conditional offer fell through. Defects in your resale home are hiding in plain sight, #1 on our list of reasons conditional offers…

Realtor Watch: Preventing Seller Fraudulent Misrepresentation

Hiding a geotechnical report from homebuyers got a B.C. couple their day in court for fraudulent misrepresentation. Don't let it happen to you or your…

Prevent Foreclosure Fraud From Happening to You

Poor credit or a minimal down payment can make you easy prey for foreclosure fraud. Watch out for scammers who say they can solve mortgage…

Lowering Loan-to-Value Ratios for Homebuyers

Watch your loan-to-value ratio if you want the best mortgage interest rates. Minimum down payments of 5%-10% can get you lower rates.  On the other…

Investor Alert: Ottawa’s Vacant Unit Tax

Taxes are going up for Ottawa investors, but this time it's a municipal vacant unit tax (VUT).  Foreign investors and some Canadians property owners can…

Verifying the Identity of Homebuyers and Borrowers

An upsurge in mortgage and title frauds is a sharp reminder why verifying identity is crucial. Verification of mortgage applicants' identity is essential to closing…

Escrow Closing: When Your Closing Is Late

Your lender saved the day with a last-minute mortgage, but now the lawyers are talking about an escrow closing. Will this real estate deal ever…

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