A cohabitation agreement is an agreement signed by two unmarried individuals who are living together or intend to live together in the future. When a couple decides to live together, a cohabitation agreement can clearly set out the rights and obligations of each party, either in the event of a breakdown of the relationship or upon the passing of one of the partners.

With new mortgage rules and fluctuating rates, this has caused people to look at their mortgage and lending options. While there appears to be an increasing number of available lending sources entering into the market, there have also been agreements that have been forced into Power of Sale situations.  So, what is Power of Sale, and how can one avoid it?

At Carson Law, we believe in a team-based approach, so you will interact with a few key players based on where your file is in processing. There is a lot of backend work that goes into successfully closing your real estate purchase. Understand our process from owner and president, Ryan Carson, so we can all work together to achieve a smooth closing.

At Carson Law, we believe in a team-based approach, so you will interact with a few key players based on where your file is in processing. There is a lot of backend work that goes into successfully closing your real estate sale. Understand our process from owner and president, Ryan Carson, so we can all work together to achieve a smooth closing.

Purchasing a condominium is an exciting milestone, but amidst the anticipation, it's crucial to consider the financial responsibilities that accompany this significant investment. One aspect that potential condo buyers in Ontario must be aware of is the concept of closing costs. These expenses, separate from the purchase price, can add up significantly and should be factored into your budget. In this article, we will delve into the details of closing costs associated with buying a pre-construction condo in Ontario, providing you with a comprehensive understanding of what to expect and how to plan accordingly.

Most people believe this to be the best approach with regard to making other arrangements around their closing such as scheduling movers, contractors, etc. However, there are a few other things individuals in such a situation should consider before arranging to buy and sell real estate on the same business day.

With more families of different generations sharing a residential space, and the need for more affordable housing, the this tax credit is long overdue.
What is the multigenerational home renovation tax credit and who qualifies? Read the below article to help answer this question plus more.

Most often believe this to be the best approach with regard to making other arrangements around their closing such as scheduling movers, contractors, etc. However, there are a few other things that individuals in such a situation should consider before arranging to buy and sell real estate on the same business day.

On January 25, 2023, Hamilton Councilors passed a by-law in hopes it would free up the Hamilton housing supply for longer-term rentals. The by-law will also ban commercial operators with multiple properties listed on rental sites like Airbnb.

The term ‘title’, in real estate, is used to describe someone’s right of ownership to land. Title fraud is when the title of someone’s home is stolen or a scammer has borrowed money using someone else’s property as collateral.

As of January 1, 2023, new legislation came into effect that may impact you.  If you have purchased a property you are now looking to sell within the last 12 months, you may be impacted by this new legislation.  To ensure you are aware of what your obligations are, we are recommending that you seek advice on your upcoming transaction from a professional accredited accountant.

In one of the many measures the federal government has put into place to slow down the real estate market and ensure Canadians have more access and buying power when purchasing a home, is the implementation of a temporary ban on new foreign ownership.

THINKING ABOUT BEING A LANDLORD?
SPEAK TO YOUR LEGAL REPRESENTATIVE FIRST TO GET ALL THE FACTS.

There are a lot of questions from first time home buyers trying to enter into the market. One of them being the difference between a deposit and a down payment.

One of the most common questions that clients have with regard to a real estate Agreement of Purchase and Sale pertain to what household items can be categorized as either a chattel or a fixture. Read this article to understand how to define these two items within the Agreement of Purchase and Sale.

With a shift in the market, it’s important for first time home buyers to know all the details of purchasing a home, especially Land Transfer Tax (LTT). The Land Transfer Tax is charged by the provincial government’s Ministry of Finance whenever a person buys or acquires an interest in a piece of land in Ontario, except in a few special circumstances. The tax applies to every method of conveying land ownership, whether the land is purchased, gifted, or obtained through other means.

A cohabitation agreement is an agreement signed by two unmarried individuals who are living together or intend to live together in the future. When a couple decides to live together, a cohabitation agreement can clearly set out the rights and obligations of each party, either in the event of a breakdown of the relationship or upon the passing of one of the partners.

Find out how to help your clients get into their dream home sooner with the help of JAAG Properties Rent To Home program.

Alfonso Salemi from JAAG and Ryan Carson will walk you through all you need to know about the program, providing useful information for you to help current and potential clients who may be struggling to enter the real estate market.

Financial disclosure refers to the information provided by parties to a domestic contract that sets out their income, assets, debts, liabilities and expenses. Domestic contracts can include cohabitation agreements, marriage contracts and separation agreements. These agreements can outline how the parties will divide property and determine spousal support in the event there is a breakdown in the relationship or marriage. If you are applying to the court to resolve your matter, the court will require detailed, accurate financial information that you will have to swear to the accuracy of.

In an effort to continually strive to improve upon the efficiency in how we handle our clients’ legal matters, Carson Law Office Professional Corporation, located in Burlington, Ontario, is happy to announce the we are searching for a full-time experienced, motivated, team-oriented Senior Real Estate Clerk – Team Lead to join our team!.

Any and all interested candidates should provide a resume and cover letter to our Manager of Employee Relations, Stephanie Badour, at stephanie@carsonlaw.ca

Many home owners at some point will find themselves wanting to complete home renovation projects on their property. This can be a DIY project or something more substantial that an outside professional would need to be hired. If the latter, it is best practice to have a written contract in place.

In an effort to continually strive to improve upon the efficiency in how we handle our clients’ legal matters, Carson Law Office Professional Corporation located in Burlington, Ontario, is actively searching for the following full-time positions to join our growing team:

• Real Estate Manager
• Wills Clerk
• Administrative Assistant
• Junior Financial Clerk

The successful applicants will be motivated, tech-savvy and team-oriented. A detailed job description for each position along with a list of expectations and requirements can be found within.

Any and all interested candidates should provide a resume and cover letter to our Manager of Employee Relations, Stephanie Badour, at stephanie@carsonlaw.ca

At Carson Law, one of our leading values is transparency. We believe in informing our clients and the general community on what we do, and why we do it so there is no ambiguity to our actions.

Most often believe this to be the best approach with regard to making other arrangements around their closing such as scheduling movers, contractors, etc. However, there are a few other things that individuals in such a situation should consider before arranging to buy and sell real estate on the same business day.

In rural neighbourhoods and new community developments, it is extremely common for there to be discussions on fencing and property lines among the residents. Unfortunately, sometimes the best laid plans go wrong and end up in court for settlement.

When a couple decides to separate, one of the primary concerns involve what is to come of the matrimonial home. Several options exist at this point. For one, the parties may elect to have the matrimonial home sold, and to then have the sale proceeds divided according to agreed upon allotments outlined in a separation agreement. Alternatively, one party may elect to purchase the other party’s interest in the property. This process involves transferring the title of the home solely into the name of the party purchasing the interest of the other. Whichever route a separating couple elect to take, it will be outlined in detail in a binding separation agreement.

If a married couple decides to separate or divorce, both parties are entitled to what is called the equalization of net family property. This means that each spouse is automatically entitled to an equal share of the profits of that marriage. Barring a domestic contract between the spouses, either spouse can apply for equalization of family property under the Ontario Family Law Act (FLA).

While there appears to be an increasing number of available lending sources entering into the market, we have also seen an increase in the number of borrowing agreements that have been forced into Power of Sale situations. So, what is Power of Sale, and how can one avoid it?

There are a number of factors that come into play when determining when a construction lien expires. There are three important time frames to consider:

• Preservation of lien deadline;

• Perfection of lien deadline;

• Two-year limitation period to set action down for trial.

The term “rent control” means “rent stabilization”, which allows to establish a small, set percentage by which landlords can increase rent each year. Rent control in Ontario specifically refers to the system of rent regulation in Ontario.