Tel: 416-321-8766 Email: john@zinatikay.com
Remote/Virtual closingFixed Closing Cost $999*

About: John Zinati

John ZinatiJohn Zinati is a veteran experienced real estate lawyer and partner at Zinati Kay Barristers & Solicitors. He holds a Bachelor of Arts from the University of Toronto and a Bachelor of Laws from Osgoode Hall Law School.

6 Reasons Why Your Mortgage Refinance Might Get Denied

Mortgage Refinancing

Denied! It’s one of the words in the English language that can easily launch emotions of sadness, anger, embarrassment, and hopelessness in a split second.

But being denied for a mortgage refinance loan is not the end of the world, although it may feel like it is. Underwriters of financial institutions follow specific guidelines and regulations when deciding on a mortgage refinance application.

While the reason behind the decision may be obvious, there may be unknown issues that can continue to keep you from being successful. Below, we will look at the top 6 reasons why a mortgage refinance application might be denied.

We also highly recommend that you contact a reputable real estate lawyer for mortgage refinance advice!

... 6 Reasons Why Your Mortgage Refinance Might Get Denied

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4 Common Problems That Could Occur During a Real Estate Transaction

Buying Property, Selling Property

With all the excitement of purchasing a home, it’s easy to overlook some of the important details within the transaction. That’s why a residential real estate lawyer in Toronto should be consulted when drafting the Agreement of Purchase and Sale. As it becomes a legally binding document once both parties have signed, it is crucial to ensure the details are clear and concise.

In addition, a real estate lawyer in Toronto can help you decipher the legal implications of when a real estate transaction goes wrong.

Below, we will now look at four common problems to be aware of with a real estate transaction.

... 4 Common Problems That Could Occur During a Real Estate Transaction

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Why Do You Need a Real Estate Lawyer to Review the Purchase Agreement?

Buying Property, Selling Property

Protecting your legal rights when purchasing a home begins with an Agreement of Purchase and Sale. 

The Agreement of Purchase and Sale is a written legal document between the buyer and the seller of a property. It is established to protect the rights of both parties. It contains details such as the offer and closing dates, legal names of both parties, offer price and deposit amount, chattels and fixtures, and other conditions relating to the sale of the property. 

... Why Do You Need a Real Estate Lawyer to Review the Purchase Agreement?

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How Can a Real Estate Lawyer Help Protect Your Investment?

Buying Property, Selling Property

The real estate market can be tricky to negotiate, even for the most veteran property seekers. A real estate lawyer in Toronto should be your first call, particularly when it comes to prepayment for a pre-constructed home.

Recently, John Zinati was featured in a CBC News article focused on two failed townhouse projects that are predicted to cost the homebuyers close to $150K in unprotected deposits. In the article, John warns potential homebuyers to protect their investment by following a few key guidelines. Below, we go over some of his tips.

... How Can a Real Estate Lawyer Help Protect Your Investment?

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New Home Contract – 2022

Buying Property, Selling Property

Hi, 

I hope you are well. 

As of May 17, 2022,all Assignments will be subject to HST and extra care is required when drafting Assignment Agreements.I am pleased to enclose our latest issue of Title Tips which goes over what you need to know about this. I hope you find this helpful. If so, I would ask that you forward this to other Agents and Brokers or anyone who you think may find it of interest. Thank you!

... New Home Contract – 2022

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Types of Real Estate Fraud in Toronto and How to Prevent Them

Buying Property, Mortgage Refinancing, Selling Property, Title Tips

Real estate fraud in Canada is on the rise, particularly with mortgage payments being deferred in recent years due to the economy. Real estate lawyers in Toronto have been helping Canadians deal with the surge of fraudsters now more than ever. 

... Types of Real Estate Fraud in Toronto and How to Prevent Them

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Actions to Take between Offer Acceptance and House Closing

Buying Property, Selling Property

Buying a new home is definitely an exciting venture. It’s a new chapter in your life that’s worth celebrating. Whether you’re moving to be closer to family and friends or to start a new job, the process of buying a home can be arduous and involves numerous logistical and clerical steps that need to be followed to make it official. If you’re moving out on your own for the first time or simply lack real estate experience, then you need to hire a house closing lawyer in Toronto who can help you navigate the ins and outs of the process. 

... Actions to Take between Offer Acceptance and House Closing

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What Can a Property Seller Do if the Buyer Fails to Close on Time?

Buying Property

Buying and selling a property involves many different moving parts that must align in order for the transaction to go through. Unfortunately, things don’t always go exactly as planned, but that’s why every sales transaction includes a purchase agreement to fall back on. Closing dates are part of the purchase agreement and must be agreed upon in writing by both the buyer and the seller. But what happens if the buyer defaults on the closing date? According to a top closing lawyer in Toronto, there are a few different options to consider. 

... What Can a Property Seller Do if the Buyer Fails to Close on Time?

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What Documents are Required for Mortgage Refinancing in Toronto?

Mortgage Refinancing

Mortgage refinancing is a long and arduous process that requires attention to detail. Certain legal documents and parameters need to be taken care of in order for this endeavour to be executed correctly and with minimal financial risk. 

There are many different reasons why property owners might choose to refinance their mortgage from debt consolidation to cashing in on your home’s equity. Whatever your reasons are, there are a few important things you should know to prepare in advance. 

... What Documents are Required for Mortgage Refinancing in Toronto?

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When Is the Best Time to Sell Your Property in 2022?

Selling Property

Believe it or not, there is actually an ideal time of year to enter into the real estate market. Although things seem to be in a constant state of flux given the current housing market, there is an end in sight. Prospective home buyers and sellers will be able to breathe a sigh of relief hopefully in the coming months. If you’re wondering when the right time is to sell your home, then hang tight. In this article, you’ll find expert advice from an experienced real estate lawyer in Toronto. 

... When Is the Best Time to Sell Your Property in 2022?

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Key Points to Know if You’re Buying a Home in 2022 

Buying Property

Over the course of the pandemic, purchasing residential real estate has become a rat race of sorts. With the majority of the workforce working from home, the competition for better quality real estate has become fierce. Naturally, the increased demand has driven up the prices. Homebuyers are facing a lot of unique challenges in the current red-hot real estate market. Working with an experienced home buying lawyer in Toronto can help you overcome some of those challenges. But first, here are a few important things you should know if you’re planning on buying a home in 2022.

... Key Points to Know if You’re Buying a Home in 2022 

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5 Critical Challenges to the Ontario Real Estate Landscape in 2022

Buying Property, Selling Property

Throughout the pandemic—particularly during the past year—the Ontario housing market experienced a massive economic boom that tipped the scale in favour of sellers. This left a lot of buyers and renters in the dark. Financial experts and residential real estate lawyers in Toronto predict that the housing market will eventually balance itself out and the housing bubble will pop. But the situation will continue to get worse before it gets better. Here are some of the top challenges that even the best real estate lawyers in Toronto are currently facing along with possible solutions. 

... 5 Critical Challenges to the Ontario Real Estate Landscape in 2022

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Good Luck In 2022!

FAQ

ZINATI  KAY  
Barristers & Solicitors
John Zinati, B.A., L.L.B.
100 Cowdray Court, Suite 320,
Toronto, Ontario,
Canada M1S 5C8
Tel: 416 321 8766                    
Fax: 416 321 8267
Conveniently at  Kennedy Road near the 401  & @ Cityplace near Skydome info@zinatikay.com Real Estate Lawyers

Good Luck In 2022!

And remember not to schedule closings on the following Holidays:

*February 21 – Family Day (Monday) 
*April 15 - Good Friday
*April 18 - Easter Monday
*May 23 -Victoria Day-Monday
*July 1 - Canada Day -Friday 
*August 1 - Civic Holiday (Monday)
*September 5 - Labour Day (Monday) **NEW** *September 30 - National Day for Truth and Reconciliation (Friday)		*October 10 - Thanksgiving (Monday)
*November 11- Remembrance Day (Friday)
*December 26 & 27
Christmas Day (25th) is on the weekend so holidays are the following Boxing Day Monday and Tuesday (Monday & Tuesday)  
*January 1,’23 - New Year’s Day (Monday)
News Years Day is on Sunday so the holiday will be on Monday

 Please also remember to avoid midmonth and month-end closings if you can, especially during the busy summer months.

We offer Fixed Closing Costs including all Fees, Disbursements, and Title Insurance protection. Please call John Zinati @ 416- 321- 8766 for details. For future reminders watch for our newsletter Title Tips.

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6 Tips for Hiring a Real Estate Lawyer in Toronto

Featured

Every good real estate lawyer in Toronto knows that it’s important to understand the needs of their client. From the client’s perspective, however, hiring a cheap residential real estate lawyer in Toronto may seem too good to be true. After all, how can it be possible that a real estate lawyer is both affordable and competent at their job? Here are a few tips for hiring a real estate lawyer in Toronto who fits your budget and meets your expectations.

... 6 Tips for Hiring a Real Estate Lawyer in Toronto

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Why Pre-Construction Life Leases Offer Limited Financial Security for Seniors

Buying Property

After recent events regarding the Trinity Ravine Towers construction, many elderly real estate buyers are reconsidering investing in life leases in Toronto and the GTA—and with good reason. Keep reading to learn what life leases are, how they work, and determine if they’re a good option for you. 

... Why Pre-Construction Life Leases Offer Limited Financial Security for Seniors

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Step-By-Step Guide to Refinancing Your Mortgage

Mortgage Refinancing

There are a lot of perks to refinancing your mortgage. Mortgage refinancing allows you to take advantage of lower interest rates, cash out on your home equity, and even lower your bi-weekly or monthly payments. Refinancing your mortgage entails paying off the full sum of your current loan in exchange for a new loan with more favourable and equitable terms. In some cases, it could mean extending the loan term of your mortgage, but it could have long-term savings opportunities for homeowners. Working with a qualified lawyer to refinance your mortgage will help you navigate every stage of the process and ensure that you fully understand all of your options and their advantages.

... Step-By-Step Guide to Refinancing Your Mortgage

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Top 5 Reasons to Refinance Your Mortgage and How Often You Can Do It

Mortgage Refinancing

Refinancing your mortgage doesn’t have to be a long and complicated process. It can be as simple as calling up your mortgage lawyer in Toronto to get the process started. There are a lot of cash saving benefits to refinancing your mortgage, given the right market timing and circumstances. If you’re on the fence about whether or not this is a necessary or feasible move at this juncture in your home ownership, then here are a few compelling reasons to consider refinancing your mortgage. 

... Top 5 Reasons to Refinance Your Mortgage and How Often You Can Do It

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Steps to Take for an Effective Mortgage Refinance

Mortgage Refinancing

There’s a certain sense of pride when it comes to home ownership. You have your own space and the freedom to do whatever you want with it as long as you’re not in violation of local building codes. But, there’s a lot of financial responsibility involved when you take on a mortgage loan. When the initial terms of your mortgage don’t cut it anymore and you need to make some changes to save money, refinancing your mortgage is a viable option. Where do you start? For one thing, you should hire a lawyer to refinance your mortgage in Toronto. Once you’ve secured the services of a qualified and reputable mortgage lawyer in Toronto, follow these important tips.

... Steps to Take for an Effective Mortgage Refinance

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6 Reasons Why Winter Is the Best Time to Buy a Home

Buying Property

Buying a home when the market is hot like it is now can be nerve-wracking for a lot of people. A good real estate lawyer will work hard to put their clients at ease and help build their trust and confidence that they’re making the right choice for their personal and professional lifestyles—especially now that more people are working from home.

Spring and summer are traditionally considered the ideal times of year to go home shopping because the weather is mild, and people are just generally in a better mood. But that also means that the competition for top-quality homes in desirable neighbourhoods is a lot fiercer. Sellers price their homes under market value to incite bidding wars amongst buyers and this can end up driving up the cost of the home well above the asking price.

... 6 Reasons Why Winter Is the Best Time to Buy a Home

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Cancellation of Preconstruction Condominiums

Buying Property

What to do when a project is cancelled?

The experience of purchasing a condominium can be one that is both exciting, particularly for first time home buyers, and emotionally and financially draining. Purchasers would have gone through the process of assessing their finances with their banks, expending considerable effort in looking at different condominiums, plans and locations, speaking to lawyers about the contracts, and completing the other strenuous tasks that goes into deciding to buy a condominium. While many people are purchasing these condominiums as investments, the majority are looking to make a home in the building. As such, this is made all the more frustrating when a developer/ builder seemingly cancels the agreement on a whim, leaving the purchaser without much recourse. 

... Cancellation of Preconstruction Condominiums

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