Real Estate Law

AI-Powered Listings and Valuations: Redefining Real Estate with Restb.ai

Restb.ai, a US- and Barcelona-based company is bringing photo intelligence and computer vision capabilities to the Toronto Regional Real Estate Board (TRREB). Picture a world where, as a real estate agent creating a listing, you can have an AI analyze each photo you upload and instantly pre-populate the majority of the listing form based on …

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Understanding Mortgage Closings with Dual Representation for a Private Mortgage

When it comes to private mortgage transactions in Ontario, Canada, lenders and borrowers are required to have legal representation. As such, it’s important to understand the rules and guidelines put in place by the Law Society of Ontario as it relates to dual representation in this scenario. So, let’s dive into what exactly dual representation …

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Fortifying Real Estate Transactions: Axess Law’s Cutting-Edge ID Verification in the Face of Rising Fraud

We talk a lot about the increasing amount of real estate fraud happening across Canada, but have you heard about a recent, high-level real estate scam led by four suspects in the Greater Toronto Area? These four individuals allegedly used fake identifications to pose as homeowners across the GTA to rent out properties, and in …

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Protect Your Property: Unmasking Real Estate Fraud & Innovative Solutions for Homeowners

Two types of real estate fraud have been on the rise in the past year: (1) fraudsters impersonating homeowners and (2) fraudsters tricking homeowners into registering several mortgages on their homes at “discount rates”. Where homeowners are impersonated, fraudsters are using stolen IDs to sell or mortgage properties, and once they’ve done so, disappear with …

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Empowering Your Property Hunt: ChatGPT Plugin for Tailored Real Estate Discoveries

What if you could ask ChatGPT to “help me find condos for under $800,000 in Toronto’s Financial District or near the Harbourfront”? Well, these kinds of capabilities are being actualized right now by companies like Wahi, a Toronto firm that specializes in real estate insights. Wahi is developing a plugin for ChatGPT that will give …

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House Flipping Rules in Canada: What You Need to Know

House flipping has become subject to a new rule in Canada that could have significant tax implications. The rule was introduced in Budget 2022 and became law through Bill C-32, which received Royal Assent on December 15, 2022. Its purpose is to address individuals who classify profits from flipped residential properties as capital gains to …

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Vancouver Tech Trends for Growth and Efficiency

It’s no surprise that technology is revolutionizing real estate. Right now, the Vancouver market is undergoing a digital transformation as real estate professionals (brokers, mortgage agents, developers etc.) are embracing groundbreaking technologies to achieve enhanced efficiency and streamlined processes. Jamie Squires, President of Fifth Ave Real Estate Marketing, tells us that the five biggest tech …

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