ARCHIVED BLOG POSTS
2009
7
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Illegal Basement Apartments in Ontario By Brian Madigan LL.B.So, you would like to have someone help you with your mortgage payments? Who wouldn't! That seems reasonable. But, be aware of the risky proposition of renting out an illegal basement apartment.There are literally thousands of houses ...
11/23/2009
Title Insurance Preferred Over a Title Opinion By Brian Madigan LL.B.I thought that I would give you some good reasons to buy title insurance. Until 1997, the common practice in Ontario was to secure an opinion on title from a solicitor. If something went wrong, then you simply sued the lawyer....
11/23/2009
10
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Lock in Your Divorce Savings By Brian Madigan LL.B.There's no point waiting for tomorrow if your assets are going up and those of your spouse are going down.Have a look at the recent article published in the Toronto Star by Katie Daubs (www.thestar.com/printarticle/728452).Here's a quick summar...
11/22/2009
8
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Land without Laws By Brian Madigan LL.B.You might think that the rule of law would apply equally in Ontario. Apparently, it doesn't, according to Julian Fantino the Commissioner of the Ontario Provincial Police.David Brown and Donna Chatwell are suing both the OPP and the Province of Ontario fo...
11/22/2009
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Should You Have Title Insurance? By Brian Madigan LL.B.That's a good question. Prior to 1997, there was no commonly available title insurance in Ontario and yet it was the norm in the United States.Solicitor's OpinionTraditionally, purchasers sought a title opinion from a solicitor who undertook...
11/21/2009
3
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Warning Clauses in Agreements By Brian MadiganWithin the last few years it has become increasingly common for realtors to place warnings within the terms of the agreement of purchase and sale.Precedents for such clauses abound, and the following is an example:"The Buyers acknowledge that they hav...
11/20/2009
4
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Toronto's Museum Makes Top Ten List By Brian Madigan LL.B.But, not in a good way!It's #8 on the list of the world's ugliest buildings as selected by the members and editors at VirtualTourist.com."Many of these buildings don't have the warmth of an ice cube while others don't even seem completed...
11/20/2009
10
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HST Adds to the Cost of a New Home By Brian Madigan LL.B.The Province of Ontario has introduced legislation to combine the eight percent Provincial Sales Tax with the five percent federal Goods and Services Tax, creating a 13 percent Harmonized Sales Tax (HST).It is proposed that the HST will c...
11/19/2009
November 2009 Toronto Real Estate Market Cools Off By Brian Madigan LL.B.Here is the latest report from the Toronto Real Estate Board:"In the first two weeks of November, Greater Toronto REALTORS® reported 3,666 sales - up 84 per cent compared to the first two weeks of November 2008. The averag...
11/19/2009
Seller Conceals Truth and is found Liable for Faulty Disclosure Statement By Brian Madigan LL.B.The case of Cutts vs. Okipnik is another Disclosure case. The action was tried in the Court of Queen's Bench of Manitoba.The purchasers claimed that the vendor fraudulently or negligentyly misreprese...
11/17/2009
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