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Home Purchase

All home purchase related posts.

Completing your Purchase Transaction

To complete the deal, your real estate lawyer will: search for other owners, liens or rights and restrictions affecting your property’s use transfer the title of the property to you prepare the property deed for signing ensure the seller is paid confirm that the seller’s mortgage is discharged ensure that your mortgage or credit line…Read More

Assignments – When you are the Assignee (Person Receiving the Unit)

Pre-construction purchases are a hot item. Buyers get early bird prices. Builders get needed capital. What happens if a buyer changes their mind? The unit may no longer be right for them. They could be transferred or can’t get financing. Speculators often buy pre-sale units and flip them if the market goes up. That can…Read More

New Construction Homes

Buying a brand new house or condominium can be exciting. There are many new residential developments popping up every week and it’s important that you have a real estate lawyer thoroughly review your agreement of purchase and sale and related documents to ensure you are, in fact, getting what you have bargained for.  A new…Read More

stack of hardbound books

What Information will my Real Estate Lawyer Need for my Home Purchase?

In Ontario, when you select a real estate lawyer for your home purchase, you will be required to provide the lawyer with a number of materials prior to closing.  Below, we explain what those materials are, how you can obtain them, and why your real estate lawyer will need them. Here’s What You Need Agreement…Read More

washing machine

Chattels Versus Fixtures

You may have heard the terms chattel and fixture thrown around by an Ontario real estate lawyer or agent, but what do these terms actually mean? It is important to understand the difference between fixtures and chattels because Ontario real estate law treats each differently. The general rule in Ontario is that all fixtures become…Read More

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