News

When a Deal Falls Through, Who Keeps the Deposit?

March 7, 2019

The deposit paid by the buyer for the purchase of real estate in Ontario is only released in the event that the sale goes through, upon mutual release of the parties, court order or due to a specific term in the contract.   Court Order In the event that a court order is sought, the…Read More

Mortgage Default: Remedies Available to the Bank and What You Can Do to Stop It…

March 5, 2019

When you have a mortgage on a property and fail to live up to the Mortgage terms a bank has three practical remedies under its standard charge terms – it can move to foreclose on the property, issue a Power of Sale or apply to the Court for a Judicial Sale.   As Judicial Sales are…Read More

The Right of Inspection

February 28, 2019

Recently, we were approached by a buyer whose real estate salesperson neglected to include an clause allowing him/her to inspect the property.  The Buyer was concerned that the Seller was going to remove the appliances and replace them with inferior ones. What were his options? With regards to a professional inspection, the Buyer was simply…Read More