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Real Estate


Wednesday, November 29, 2023 @ 1:19 PM

[ Legal Wire ] - Ottawa tables legislation implementing competition reforms, key measures in fall economic statement Deputy Prime Minister and Finance Minister Chrystia Freeland

The federal government will boost to three years from one year the time Canada’s competition watchdog has to review past mergers, according to the notice of ways and means motion tabled in the House of Commons, ahead of imminent omnibus legislation to propose implementing key measures from the 2023 fall economic statement and from last spring’s federal budget. ... [read more]

Tuesday, November 28, 2023 @ 1:21 PM

[ Legal Wire ] - New Ontario real estate regulations to permit open auctions, modify realtor code of conduct

Real estate sellers will be able to permit brokerages to conduct open offers starting Dec. 1, 2023, when phase two of legislative and regulatory changes introduced under the Trust in Real Estate Services Act (TRESA), 2020 comes into force. ... [read more]

Tuesday, November 28, 2023 @ 10:54 AM

Power of sale rules in mortgage enforcement industry in Ontario House

It is the end of the line for homeowners who will experience a power of sale (contractually or statutorily), judicial sale or a foreclosure. ... [read more]

Monday, November 27, 2023 @ 4:39 PM

[ Legal Wire ] - Court exempts legal advisers from reporting clients’ tax affairs until Charter challenge determined

Legal advisers across Canada, including Quebec notaries and Ontario paralegals, do not have to comply with constitutionally-impugned Income Tax Act (ITA) mandatory reporting obligations with respect to clients’ tax avoidance, following the Federation of Law Societies of Canada’s (FLSC) success in obtaining a nationwide interlocutory court injunction until its Charter challenge to last June’s ITA amendments is determined. ... [read more]

Monday, November 27, 2023 @ 4:35 PM

[ Legal Wire ] - Ontario, Toronto reach ‘historic’ $1.2-billion deal for city’s long-term financial stability Doug Ford

The government of Ontario and the City of Toronto have agreed to a new $1.2-billion deal to achieve sustainability and long-term financial stability for the city. Premier Doug Ford called it a “game-changing historic new deal,” and the biggest in Canadian history. ... [read more]

Friday, November 24, 2023 @ 2:10 PM

[ Legal Wire ] - B.C. court: Unsecured $1,000 per day mortgage extension fee not invalidated by Interest Act

The B.C. Supreme Court has ruled that a daily extension fee of $1,000 negotiated between a mortgagor in default and a mortgagee was not subject to interest rate restrictions under the Interest Act, as it was not secured by the mortgage. ... [read more]

Friday, November 24, 2023 @ 1:11 PM

SALE OF LAND - Agreement of purchase and sale - Breach of - Forfeiture of deposit

Application by applicants for the return of their deposits aggregating $60,000. The parties entered into an agreement of purchase and sale (APS) for a new home in Thamesford, Ontario. The purchase price for the property was $680,000. Deposits in the aggregate amount of $60,000 were paid. The closing date was to be determined once site servicing was complete. ... [read more]

Thursday, November 23, 2023 @ 1:21 PM

B.C. expanding speculation and vacancy tax to new communities B.C. housing minister Ravi Kahlon

British Columbia is expanding its speculation and vacancy tax to 13 new municipalities as part of its efforts to expand housing supply in the province. ... [read more]

Wednesday, November 22, 2023 @ 3:52 PM

[ Legal Wire ] - Ontario Court of Appeal finds cost-sharing provision for road not triggered by proposed subdivision

The Ontario Court of Appeal has upheld a decision that a cost-sharing provision in a subdivision agreement was not triggered by a proposed subdivision that was not expected to derive any benefit from the relevant infrastructure. ... [read more]

Wednesday, November 22, 2023 @ 9:11 AM

Law360 Canada Pulse survey shows strong satisfaction among lawyers with their jobs

The Rolling Stones may not have been able to get any satisfaction, but many lawyers in Canada seem not to be singing that particular tune, with a recent survey of the profession showing high marks given for issues like job satisfaction and compensation. ... [read more]