Understanding Breach of Real Estate Contracts in Ontario: Rights and Remedies
In the complex world of real estate transactions, agreements are vital for outlining the terms and conditions between buyers and sellers. When one party fails to uphold their obligations, it results in a breach of contract. This blog post will explore the key components of a real estate agreement of purchase and sale, the implications […]
Ultimate Guide on Effective Collaboration with a Real Estate Law Firm for MICs
For Mortgage Investment Corporations (MICs) operating in Ontario, establishing a strong legal partnership is crucial to navigating the regulatory landscape and ensuring long-term success. In this post, we’ll outline key factors for effective collaboration between MICs and their real estate law firms. Where to Start? Assess expertise and experience: Look for a law firm with […]
Why Do I Need a Real Estate Lawyer in Ontario?
Buying or selling your real estate property is one of the most significant transactions in a person’s life. Even more so when you’re a first-time buyer. Having an experienced real estate lawyer and realtor on your team is an absolute necessity. The Nava Wilson team is committed to ensuring this experience is memorable and seamless. […]
What does Vacant Home Tax mean for homeowners in Toronto?
Starting in the year, 2023 City of Toronto implemented a Vacant Home Tax (VHT) to increase the housing supply by discouraging owners from leaving their residential properties unoccupied. Homeowners who keep their properties vacant will be subject to this tax. Nava Wilson’s team conducted a structured overview of what a Vacant Home Tax (VHT) is […]
Building Community Initiatives: MFRC gets a new safe space for teens
Malvern Family Resource Centre (MFRC) launched its community initiative Youth Hub a couple of weeks ago at 1321 Neilson Rd, Scarborough. It is a part of city operations property initiatives around the city in libraries and recreation centres as the result of a rapid expansion of the area. This hub acts not only as a […]
Bill 184, Protecting Tenants and Strengthening Community Housing Act, 2020
On July 21, 2020 Bill 184, title “Protecting Tenants and Strengthening Community Housing Act, 2020” received royal assent. The most significant change in this Bill for landlords, is the ability to streamline the eviction process for non-payment of rent. As a result of this Bill, landlords who reach an agreement with their tenant for repayment […]
Providing Notice of Termination When Evicting A Tenant
If a landlord decides they want to end their tenancy agreement with their tenant, the first step is to provide the proper notice. The Notice Form will change based on the reason the landlord is terminating the tenancy. The Notice of Termination is an essential step in the landlord’s process of evicting a tenant. The […]
Terminating A Tenancy For Personal Use Of Sale Of The Property
At the end of the term of the residential lease, if the landlord decides that they (or an immediate family member) would like to live in the property or if they choose to sell it and the buyer (or an immediate family member) would like to live in the property, the landlord can give notice […]
Real Estate 101: The Ins And Outs Of Chattels
What is a Fixture? A Chattel is considered personal property as opposed to real property. It includes any tangible movable items (furniture, lawnmower etc.) which are neither land nor permanently attached to the property. What is a Fixture? A Fixture, on the other hand, is an object firmly fixed in place, such as appliances, satellite dishes, carpeting, etc. How […]
Detached-Housing Market Is Breaking Out Of Two-Year Sales Slump In Toronto-Area Suburbs
Below is an excerpt from an article from the Globe and Mail. To read the full article please click here. All rights to the feature image for this post are reserved to the Globe and Mail. Sales of detached houses in the suburban 905 region outside Toronto are leaping higher after a two-year slump, posting […]