Ward 11 councillor Stephen Turner (Derek Ruttan/The London Free Press) City politicians endorse ‘granny flat’ rule changes for London homes Forget granny suites. Now, you can build an extra unit for granny and another for grandpa. A provincial rule change – which gave Ontarians the ability to create up to two additional units on a…
By Nathan Hwee, Chinneck Law There are specific legal and accounting matters that must be considered when a non-resident of Canada sells Canadian real estate. Whenever a non-resident of Canada sells Canadian property, the non-resident seller must pay tax on any gain realized on the sale to the Canadian Revenue Agency (“CRA”). To comfort the…
All landlords and tenants in Ontario should be aware that as of April 30, 2018, a new standard-form residential lease must be used for almost all new residential leases. Who Is Affected. The standard lease will be required for all residential tenancies that are regulated under the Residential Tenancies Act, 2006 (the “RTA”). This includes tenancies in…
On December 14, 2016, the provincial government received the final report on the Ontario New Home Warranties Plan Act and the Tarion Warranty Corporation itself. One of the most interesting aspects of this report is its criticism of how the Tarion Warranty Corporation currently manages three distinct (and seemingly conflicted) aspects of the new home warranty scheme, being (1)…