A Certificate of Pending Litigation (CPL for short) is an encumbrance on title often registered by an party with an interest to warn the public that the property is subject to litigation. Registering a CPL should have the effect of preventing all dealings with the...
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Vacant Home Tax
What is the Vacant Home Tax? Effective at the begging of 2023 the City of Toronto's Vacant Home Tax requires homeowners to declare whether or not their property is vacant by February 2, 2023. This tax aims to help boost the housing market by encouraging owners to sell...
Residential Purchase Ban for Non-Canadians
On January 1, 2023, the Prohibition on the Purchase of Residential Property by Non-Canadians Act (the "Act") will go into effect for a period of two years. The Act prohibits "non-Canadian" persons, foreign businesses, and other parties regarded to be "non-Canadian"...
Anticipatory Breach of the Agreement of Purchase and Sale
When involved in a real estate transaction, many individuals are already familiar with the Agreement of Purchase and Sale (APS). The APS is a written contract that determines the terms of the sale of a property as well as the requirements and obligations that both the...
Mirror Wills vs. Mutual Wills
Spouses who intend to make their wills together should be attentive to the differences between mirror wills and mutual wills. Both of these types of wills are generally produced by spouses who seek to pass down their estate in an identical manner. However, despite...
Capital Gains Tax on Your Principal Residence
In Canada, there are a number of laws surrounding the taxation of capital gains of an individual’s principal residence. When you sell your home, you may be required to pay taxes on any realized capital gains. Generally, individuals are exempt from paying taxes on...
Underused Housing Tax Act
Part 2 of Bill C-8 is the Underused Housing Tax Act (“UHTA”), which is the first federal statute targeting vacant homes and foreign owners. The UHTA applies to residential real estate that is owned directly or indirectly, in whole or in part, by non-permanent...
Defamation Laws in Canada
Defamation is a tort action in which the plaintiff claims that its reputation has been harmed. The defendant is accused of "defaming" the plaintiff by spreading incorrect information. In layman's terms, the plaintiff claims that the defendant injured their reputation...
Toronto’s Short-Term Rental Regime
The following article is a summary of the City's short-term rental laws. The new system allows short-term rentals in any owner's or tenant's primary house in residential and mixed-use zones, subject to several restrictions designed to balance several conflicting...
Vacancy Tax in Toronto
The City of Toronto is planning to start taxing unoccupied houses in order to discourage real estate speculators from buying up homes and leaving them empty as locals struggle to find affordable accommodation. While the federal government has revealed plans to...
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