Residential Real Estate

The Importance of Having a Contract for Home Renovations

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.

Carson Law is Growing and Hiring!

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

The Risks of Buying and Selling Real Estate on the Same Closing Day

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.

Fence Location Dispute

Fence Location Dispute

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.

Transfer of Matrimonial Property

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.

Calculating Equalization

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).

What Is Power of Sale and How Can You Avoid It?

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?

What You Need To Know About Rent Control In Ontario

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.

September Client Spotlight - Investor Girl Diana

Diana is a knowledgeable and experienced Real Estate Investor in Southern Ontario, with several BRRRRs, flips and private lends under her belt. As an avid networker, Diana has leveraged her extensive network to position herself as a valuable resource for aspiring investors by providing her community with a broad scope of valuable information from experts in the field.

Property Boundary Surveys

With the increase in purchases of remote and rural acreages, having a boundary survey completed could add value to your title and mitigate any potential problems with new neighbours.

Today’s blog article written by Freddy and Linda Marks from 3A Group Re/Max, addresses the benefits of having a survey completed along with a horror story of a situation where their buyers were lucky they did.

Leased Property and Tax Concerns

Within a real estate transaction, not all property is transferred in the traditional sense that both the dwelling and the subsequent land are conveyed in fee simple. An increasing number of transactions include purchases where the dwelling is conveyed in fee simple, but the land itself is merely leased to the occupant.

Substantial Damages on a Purchase Property

The article goes over how Ontario’s Superior Court of Justice had addressed two issues; the responsibilities of the seller when substantial damage occurs to a property in between the time of the signed Agreement of Purchase and Sale to the closing date, and what is considered substantial damage to property..

What Is Force Majeure?

Since March 11, 2020 when the World Health Organization deemed the outbreak of Covid-19 a global pandemic, many situations arose where businesses could not offer full services and clients were dissatisfied as they saw this as not fulfilling a contractual obligation.

A Legal Checklist For The Prudent Real Estate Investor

Real estate investing has long been a lucrative business practice. Whether you are new to the business, or already have multiple properties, it is important to make sure that you have the necessary legal safe guards in place. In order to best protect yourself and your business, there are many important legal steps that the prudent real estate investor should investigate and consider implementing into their business operations.

Carson Law's Client Spotlight for August 2021 - JAAG Properties Inc

JAAG Properties Inc is one of the top companies in the Rent-To-Own industry today. JAAG Properties was founded in 2014 by Adam Wissink, President/CEO, and Alfonso Salemi, VP of Relations. JAAG Properties is based in London, ON but has over 100 Rent-To-Own properties across Ontario as well as in 6 provinces.

First-Time Homebuyers Land Transfer Tax Refund

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.

When a Buyer Backs Out of a House Purchase …

With the current market resulting in numerous bids on a property, and even more offers being pulled after the Agreement of Purchase and Sale has been signed, falling under the unique aspect of Canadian contract law, the seller of a property is entitled to keep the deposit of an offer when the buyer backs out without having to prove any loss.