What is a Reverse Mortgage? Reverse mortgages are a type of loan for homeowners to borrow money from their home equity without needing to sell their home. It essentially converts a portion of your home equity into tax-free money, with the lender making payments to the borrower rather than the other way around. Unlike traditional…
What is an Ontario Title Transfer, and Why it is Important
Whether an individual is buying or selling a property, many legal formalities in Ontario must be accomplished before the payment. One of the most crucial formalities is the Ontario Title Transfer, where the possession of a property is taken from one party and…
As a Real Estate Lawyer, I understand the importance of having a smooth and stress-free real estate closing process. It is imperative for us to ensure that our clients close their transactions time, these tips are to further assist our clients and keep our transactions on track and ensure that clients are fully aware of what…
The Federal Government of Canada's 2024 annual budget introduced a significant change to the capital gains rate in Canada under the Income Tax Act. Expected to come into place June 25, 2024, these changes aim to increase tax fairness and revenue, primarily focusing on taxing wealthy individuals and corporations. This article will discuss the specifics…
Understanding Virtual Real Estate Closings
Virtual real estate closings are becoming more common than ever, largely due to the recent COVID-19 pandemic causing a shift towards digital contactless transactions and remote work. These methods are far more convenient than physical transactions, which is why many are looking to conduct virtual real estate deals. This article…