The Closing Corner: Insights & Innovations in Canadian Real Estate Law

Welcome to "the closing corner", your go-to resource for the latest insights and innovations in Canadian real estate law. Here, we explore legal trends, offer expert advice, and share valuable resources.

Welcome to "the closing corner", your go-to resource for the latest insights and innovations in Canadian real estate law. Here, we explore legal trends, offer expert advice, and share valuable resources.

Realtor Watch: Preventing Seller Fraudulent Misrepresentation

Hiding a geotechnical report from homebuyers got a B.C. couple their day in court for fraudulent misrepresentation. Don't let it happen to you or your…

Prevent Foreclosure Fraud From Happening to You

Poor credit or a minimal down payment can make you easy prey for foreclosure fraud. Watch out for scammers who say they can solve mortgage…

Lowering Loan-to-Value Ratios for Homebuyers

Watch your loan-to-value ratio if you want the best mortgage interest rates. Minimum down payments of 5%-10% can get you lower rates.  On the other…

Investor Alert: Ottawa’s Vacant Unit Tax

Taxes are going up for Ottawa investors, but this time it's a municipal vacant unit tax (VUT).  Foreign investors and some Canadians property owners can…

Verifying the Identity of Homebuyers and Borrowers

An upsurge in mortgage and title frauds is a sharp reminder why verifying identity is crucial. Verification of mortgage applicants' identity is essential to closing…

Escrow Closing: When Your Closing Is Late

Your lender saved the day with a last-minute mortgage, but now the lawyers are talking about an escrow closing. Will this real estate deal ever…

Failed the Mortgage Stress Test – Now What?

Guess you didn't realize refinancing your mortgage or switching lenders would trigger a mortgage stress test.  Now you need to get creative to find financing…

Realtor vs Lawyer? Why You Need Both

You've decided to look for your first home, but you're not sure if you need a real estate lawyer vs agent. Can a real estate…

Pros and Cons of Low Down Payments

High rents or long commutes are sapping your savings -- low down payments could get you in the door of your own home sooner. You…

What Happens to House Prices During Recessions

The new year came in with a blast, but what happens to house prices during recessions is a cautionary tale. When you see these signs,…

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