Newsletter – Title Tips

With over 25 years of Real Estate experience and over ten thousand deals closed, we have come across most of the issues that come up in closing a Real Estate deal. To help our clients we publish a newsletter “Title Tips” to answer questions and keep closings smooth. Below are the most common questions and issues we find.

Disclaimer: The information provided on this website is not intended and should not be relied on as legal advice. Feel free to call John Zinati to discuss your particular situation today.

5 Critical Challenges to the Ontario Real Estate Landscape in 2022

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

Good Luck In 2022!

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.

6 Tips for Hiring a Real Estate Lawyer in Toronto

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

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

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

Step-By-Step Guide to Refinancing Your Mortgage

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

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

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

Steps to Take for an Effective Mortgage Refinance

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

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

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

Cancellation of Preconstruction Condominiums

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

What Is a Title Transfer and Why Do You Need One?

Title transfers are a routine legal component of any real estate transaction. Whether you’re purchasing a new home or inheriting a property, there are many different reasons why a title transfer is necessary. 

Ontario law mandates that only licensed real estate lawyers can file the paperwork for a title transfer. In the process of purchasing or selling a property, it’s important to secure the services of a good real estate lawyer in Toronto or the area in which the transaction is taking place. 

If you’re in the midst of completing a commercial or residential real estate transaction, then there are some things you need to know about title transfers and how they work. Keep reading to learn about the different types and why title transfers are necessary in Toronto and the GTA. 

... What Is a Title Transfer and Why Do You Need One?

What Is the Role of a Real Estate Closing Lawyer in Toronto and Why Should You Hire One?

Buying and selling a commercial or residential property can be a stressful experience, especially if the market is hot like it’s been during the pandemic. Not only is there a lot of competition to contend with, but there’s also a lot of crossing of T’s and dotting of I’s to make sure that everything goes according to plan.

Working with a reputable and experienced real estate closing lawyer in Toronto can help make the transition a lot easier. Their job is to draw up contracts and tend to all of the legalities involved in real estate transactions to protect you from potential fraud and any other issues that may come up.

... What Is the Role of a Real Estate Closing Lawyer in Toronto and Why Should You Hire One?

How to Transfer a Real Estate Title in Toronto

A real estate title or deed is a physical legal document that indicates a specific individual or party has ownership rights to a property. In the event that property is sold, the title is then transferred to the buyer during the sales transaction. A real estate lawyer is typically the one who fills out and files the official paperwork on behalf of their client. Keep reading if you have questions or need clarification on how real estate title transfers in Toronto work.

... How to Transfer a Real Estate Title in Toronto

Why Is It Better to Buy a House in the Fall?

Spring and summer are usually peak season for homebuyers to start their search for a number of reasons. Prompted by the warm weather and the fact that kids are out of school for a few months, this is the perfect time of year for families to start the search for their (hopefully) forever home. While there is something called a fall market when people get back into the market after their summer holidays, typically the fall is slower than spring or summer.

The milder temperatures and lack of snow on the ground also make it easier to stage the exterior of properties as beautifully and strategically as the interior, making them more appealing to homebuyers. Putting all of that aside, however, there are also a lot of great reasons to consider purchasing a new home in the fall. With the help of a good real estate lawyer and agent, you can find your dream house during any time of the year.

Keep reading to learn about the benefits of conducting the search for your perfect home in the fall.

... Why Is It Better to Buy a House in the Fall?

How to Get a Mortgage Pre-Approved to Buy a House

Shopping for a new home can be stressful, especially in an extremely competitive market with skyrocketing prices. One way to alleviate some of the stress is to work with an experienced home buying mortgage lawyer in Toronto. They can walk you through the process of getting a mortgage pre-approval, which essentially lets you know how much you can afford to spend on a new home. You’re not obligated to spend the exact amount that you get pre-approved for, but it’s always good to know what your options are and this will give you a good idea of where to start.

... How to Get a Mortgage Pre-Approved to Buy a House

7 Foolproof Signs You May Be Ready to Buy Your First House

The current housing market has many Toronto residents completely rethinking their living situations. If you’re a renter, is it worth transitioning into buying a home? The answer to that question depends on your current circumstances and where you foresee your life trajectory going in the future. Is homeownership something you’ve always dreamed of, but never thought was financially attainable? Are you the type of person that wants to lay down roots in a specific area, but don’t know where to start?

Weighing the pros and cons of homeownership vs. renting a place can help you decide which one is the right choice for you and your lifestyle. There’s also probably a lot that you have to learn about how the housing market in Toronto works. A good real estate lawyer in Toronto can advise you regarding your options so that you can move forward confidently with a decision.

According to some of the top house closing real estate lawyers in Toronto, here are some guaranteed signs that you may be ready to buy your first home.

... 7 Foolproof Signs You May Be Ready to Buy Your First House

When Do You Need to Hire a Real Estate Lawyer?

Buying or selling real estate, whether it’s commercial or residential, is an important life-altering decision—one where you need expert advice to help guide you in the right direction.

It’s the reason many people choose to hire an experienced real estate agent to help them find what they’re looking for within their budget. It’s also the reason that many people hire a good real estate lawyer in Toronto to guarantee that you’re getting the absolute best deal possible on their property purchase or sale.

Given then current state of the housing market in Toronto and the GTA, hiring a qualified real estate closing lawyer in Toronto is the smart move before making such a big investment.

Here are few circumstances in which a real estate lawyer in downtown Toronto and the GTA is extremely useful.

... When Do You Need to Hire a Real Estate Lawyer?

8 Reasons Why Your Real Estate Closing Date Is Delayed

Real estate closing dates are very, very important. Every  standard contract contains a clause that says “time is of the essence”. This means that change the closing date or another date is not that easy. However, the need to change a date can always arise, even if a specific date appears in your contractual agreement. Unfortunately, sometimes extenuating circumstances can come up that can warrant the closing date to be delayed by a certain amount of time. Although this doesn’t happen often, it’s always within the realm of possibility and it’s important that you work with a trustworthy real estate agent and lawyer who will be completely upfront with you regarding the selling agreement of any property your purchase. Before you sign a contract, be sure to consult a house closing real estate lawyer in Toronto, so that they can review your agreement for you too. If a request for delay comes up on closing this can be quite problematic for all the parties who may have other transactions on the line or moving trucks in front of a home. An experienced lawyer will know how to navigate you through this stressful and difficult type of request.

Without further ado, here are eight common reasons why your real estate closing date could be delayed.

... 8 Reasons Why Your Real Estate Closing Date Is Delayed

7 Real Estate Selling Myths Busted

Whether you’re a buyer or a seller, entering into a highly competitive real estate market can be challenging and daunting. The less experience you have with residential real estate, the more likely you are to believe some incredibly common, yet unsubstantiated pieces of misinformation about how the whole process works and what to expect.

Selling your home is a big deal! That’s why it’s important that you do your research and work with a reputable real estate lawyer in Toronto to ensure that you’re getting the full value that you deserve.

To help you get started on the research front, we’ve debunked seven of the most common myths regarding real estate in Toronto, the GTA, and beyond.

... 7 Real Estate Selling Myths Busted

9 Reasons to Hire an Experienced Real Estate Lawyer when Buying a Home

While buying a home is exciting, it’s not something you should take lightly. It’s often best to consult a home buying lawyer in Toronto if you want to make sure your purchase is given its due diligence and there’s no costly oversights.

There are many, many good reasons to work with a closing lawyer in Toronto when you go to buy a home. Below, we’ll list the top nine reasons you should consider using a real estate closing lawyer in Toronto before you finalize the purchase of your new home.

... 9 Reasons to Hire an Experienced Real Estate Lawyer when Buying a Home

An Interview with John Zinati on the Future of Home Buying

In March, our very own John Zinati, an expert real estate lawyer in Toronto, sat down with the CEO of Veritas Investment Research, Anthony Scilipoti, to discuss the current real estate market. As a real estate closing lawyer in Toronto with decades of experience, John is uniquely positioned to educate us on what the market is telling us right now.

The interview was part of the Veritas Fact-Finding series. Designed in the wake of the COVID-19 pandemic as a way to find the truth about investment opportunities and pitfalls, this series speaks with industry professionals on the ground to better understand how the pandemic will affect our life and our investments.

Here are some of the key points John and Anthony discussed.

... An Interview with John Zinati on the Future of Home Buying