It can cost you to back out of a purchase
Superior Court orders a buyer to pay over $600,000 to the builder of a Thornhill development where she walked away from her deal. Over the last five years, Ontario’s courts have been busy with litigation involving failed residential real estate transactions. When the...
New provincial rules can’t stop pricey surprise fees for new homebuyers
Additional and high closing fees should not be billed to buyers in the final hours before their deals close, writes Bob Aaron. A group of buyers of new townhomes in Mississauga got the shock of their lives when, a few days before closing their purchases last month,...
New provincial rules can’t stop pricey surprise fees for new homebuyers
Additional and high closing fees should not be billed to buyers in the final hours before their deals close, writes Bob Aaron. A group of buyers of new townhomes in Mississauga got the shock of their lives when, a few days before closing their purchases last month,...
It can cost you to back out of a purchase
Superior Court orders a buyer to pay over $600,000 to the builder of a Thornhill development where she walked away from her deal. Over the last five years, Ontario’s courts have been busy with litigation involving failed residential real estate transactions. When the...
Superior Court awards condo owner $30,000 in noise ruling
‘This singular issue has been outstanding … for the better part of 10 to 11 years,’ writes the justice in her decision about garbage room clamour. A case released by the Superior Court last month is a textbook example of how condominium boards should respond to noise...
Floor plan review is critical to a condo purchase
Make sure your lawyer confirms the unit you’re buying matches the building plans, writes Bob Aaron. A near disaster in closing 173 units in a new Guelph, Ont. condominium project last week underscores that the most important documents in any condominium purchase are...
Is it time to abandon the metric system in construction and real estate?
Our strange mix of using both Imperial and metric systems is hard to fathom by any measure, writes Bob Aaron. As Britain prepared to celebrate the Queen’s Platinum Jubilee last week, British Prime Minister Boris Johnson was expected to announce the country’s return to...
A ‘believe it or not’ home insurance case in Superior Court
Superior Court justice compares events to Ripley’s iconic tagline in his decision on litigation, writes Bob Aaron A court case involving the appraisal of a fire loss on a Toronto home was described in a Superior Court ruling last month as a Ripley’s Believe It or Not...
Budget ’22 may rattle the resale of pre-built condos
Property speculation is targeted in the recent federal budget and has the potential to cause upheaval, writes Bob Aaron. The 2022 federal budget has the potential to create a huge upheaval in the market for pre-construction condominiums. The government plans to reduce...
Prevent condo cancellations with penalties against builders and better support for buyers
The Ontario government wants public input about how to stop developments from being cancelled. Now’s your chance to speak up, writes Bob Aaron. The issue of condominium project cancellations is the subject of a public consultation by the provincial government. This...