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Category: Real Estate Lawyer

Correcting Public Record Errors in Toronto

At first glance, a misspelled name or street address in a publicly registered document (e.g., a title transfer or purchase agreement) may seem like a simple mistake. No big deal, right? But even the simplest mistake in public records can lead to increased costs and closing delays. In the worst-case scenario, with fraud a very real concern, it could cause you to lose ownership of your property.

Under Canadian law, proof of ownership legally entitles the named person or entity to a piece of property. This is established by document registration in the province or territory land registry system. In Ontario, this is referred to as a Certificate of land title.

... Correcting Public Record Errors in Toronto

Ontario Real Estate Law: Hopes & Doubts

With the ever-changing landscape of the real estate industry, it's important to stay informed on the latest developments and regulations. One such change is the introduction of “open bidding” in Ontario, which has left many hopeful and also doubtful.

... Ontario Real Estate Law: Hopes & Doubts

How Lower Pre-Construction Appraisals Lead to More VTB Mortgages

The recent resurgence of vendor take-back (VTB) mortgages has grabbed the attention of those in the pre-construction industry. With the right financing terms, both the buyer and the developer may benefit from this mortgage option.

VTB mortgages first became popular in the late 80s as an incentive for buyers to purchase a home during a time when lenders proposed high-interest rates and severe conditions. From the 90s until 2018, VTB mortgages were put on the sideline.

... How Lower Pre-Construction Appraisals Lead to More VTB Mortgages

Real Estate Lawyer Responsibilities in Toronto

When it comes to successful real estate transactions, having a real estate lawyer to help you navigate the complexities of transactions can save you money and time.

A real estate agreement is a legally binding document between the potential buyer and the seller of a home and/or property. This transaction requires a proper understanding of the intricacies of several different documents which will be formally signed by both parties. A real estate lawyer has the knowledge, expertise, and experience to provide information for their client's best interests.

... Real Estate Lawyer Responsibilities in Toronto

Post-Closing Buyer Withdrawals: Zinati’s View

A post-closing dispute between a buyer and a seller of a property can happen for numerous reasons—but buyer withdrawals are the most common reason. These housing disputes can be drawn-out and costly, and almost always lead to a cloud of ambiguity over the closing purchase price. Here’s what you need to know about buyer withdrawals.

... Post-Closing Buyer Withdrawals: Zinati’s View

Common Mistakes to Avoid When Buying a Home in a Buyer’s Market

If you’re looking to buy or sell your home in the upcoming months, you’ve probably heard the phrase “buyer’s market”. But what exactly is a buyer’s market and how can it impact your home purchase or sale?

A buyer’s market occurs when there are more houses on the market for sale than there are potential buyers. This surplus gives buyers several advantages when looking for their dream home, including financial savings.

... Common Mistakes to Avoid When Buying a Home in a Buyer’s Market

John Zinati on Builder Delays in Toronto

If your closing date has been delayed by a building corporation, you’re likely feeling frustration and anxiety. While there are many viable reasons for builders to push back closing dates, there are also several “unacceptable” reasons.

Regardless of the cause of the delay, this situation can have major impacts on the local housing market and on a homebuyer’s financial future.

... John Zinati on Builder Delays in Toronto

Real Estate Agreement: The Do’s and Don’ts of Negotiating Terms

When completing a real estate Agreement of Purchase and Sale, there are key areas where having the knowledge of a real estate lawyer can help save you money and time. A misspelled word, incorrect pricing, and vague details can delay or halt a real estate transaction, costing the buyer a significant amount of money.

... Real Estate Agreement: The Do’s and Don’ts of Negotiating Terms

Handling Hidden Home Buying Costs

Real estate lawyers are legal experts in the home-buying process. They can be your guide to protecting one of life’s biggest investments while ensuring your legal responsibilities are safeguarded.

The cost of buying a home is much more than just the asking price on the real estate sign. There are various municipal, provincial, and federal fees and hidden costs that can stretch your house budget to the sky.

... Handling Hidden Home Buying Costs

The Impact of Rising Interest Rates on Homebuyers

Rising interest rates are a point of concern for all Canadians, especially for homebuyers. As the real estate market continues to surge across the country thanks to high demand and low supply, interest rates continue to increase as well. Below, we explore the impact rising interest rates have on homeowners.

... The Impact of Rising Interest Rates on Homebuyers

New Anti-Flipping Rules for Residential Real Estate in Toronto

In January, a new by-law under residential real estate laws was implemented by the Canadian Federal Government to reduce the number of homes that are flipped in the country. Canadians who purchased residential property with the intentions of “flipping” the house may want to take note of the new law.

Flipping a property entails a purchase of a house, completing renovations or improvements, and increasing the purchase price to make a profit as a resale. In some cases, the property is “resold” before an official available sell date.

... New Anti-Flipping Rules for Residential Real Estate in Toronto

How Real Estate Lawyers Can Help You with Real Estate Litigation

Real estate litigation is a multifaceted legal practice that encompasses several different areas of the law. Typically, it involves disputes between property buyers, sellers, or investors. While the process of real estate litigation may seem complicated and intimidating, it offers an essential means for resolving disputes and upholding legal rights in real estate matters.

... How Real Estate Lawyers Can Help You with Real Estate Litigation

Real Estate Lawyers: Safeguarding Your Investment

Real estate lawyers are the gurus of the home buying and selling process. With their knowledge, training, and experience, these lawyers focus on protecting their client’s financial futures. Buying or selling property takes a massive amount of time, research, and negotiations. Plus, it’s likely one of the biggest transactions you’ll ever make in your life! You want to make sure you are in good hands.

In the process of managing all the steps in the buying and selling process, a real estate lawyer helps to maximize your investment in the deal. They will review all documentation including the Agreement of Purchase and Sale and the mortgage documents that may be needed. They can even help you draft if necessary.

... Real Estate Lawyers: Safeguarding Your Investment

Choosing the Right Real Estate Lawyer in Toronto: A Guide

Are you planning to buy or sell real estate in Toronto but aren't sure where to start? Don't fret! Choosing the right real estate lawyer is a critical step that can make all the difference. Our comprehensive guide will provide you with everything you need to know about selecting the right real estate lawyer in Toronto for your situation and ensuring your transaction moves ahead smoothly. From what questions to ask prospective lawyers, understanding their fees, and knowing when it's time to move forward, we'll cover it all!

... Choosing the Right Real Estate Lawyer in Toronto: A Guide

Guide to Toronto’s Real Estate Landscape

Navigating the Toronto real estate market might seem like it takes several science degrees and a law degree to ensure all your investments are protected. Buying a home is an exciting time but it can quickly become overwhelming and uncover challenges such as bidding wars, hidden defects, title issues, and expensive closing costs.

This is why it is imperative to enlist the help of a reputable lawyer to act as a Toronto real estate guide. To understand the potential pitfalls that can be seen in Toronto’s 2023 real estate market, this article looks at the foundation of the local landscape.

... Guide to Toronto’s Real Estate Landscape

How a Condo Lawyer Can Help in Navigating Condo Disputes

Condo disputes of any form may require the assistance of a knowledgeable and expert real estate lawyer. In this article, we discuss the common condo disputes you might find yourself in and how you can resolve them.

... How a Condo Lawyer Can Help in Navigating Condo Disputes

How Zinati Kay Addresses Buyer Closing Challenges

Potential home buyers excited about the future may be facing challenges during the closing process thanks to recent economic changes.

John Zinati of Zinati Kay – Real Estate Lawyers has been helping home buyers and sellers navigate the closing process across the GTA for 25 years. As a leading real estate contributor to CTV and CFRB, Zinati has been offering sound legal advice through his Toronto real estate office and his newsletter Title Tips.

Recently, he spoke to the Toronto Star about the challenges buyers may be facing with the closing process in the current housing market.

... How Zinati Kay Addresses Buyer Closing Challenges

Will You Inherit Your Property if Your Spouse Dies?

What happens to my property if my spouse dies? Unfortunately, this is a common question property lawyers in Scarborough receive. The answer depends largely on whether a legal Will exists.

... Will You Inherit Your Property if Your Spouse Dies?

Foreign Buyers Ban: Zinati’s Explanation

A temporary ban on selling residential property to foreign buyers was recently introduced into legislation. The Foreign Buyers Ban in Canada came into effect on January 1, 2023, and will remain in force until at least December 31, 2025. 

... Foreign Buyers Ban: Zinati’s Explanation

Risks of Adding Child to Property Deed

Before making the decision to add your adult child(ren) to the title for your primary home, talk to a real estate deed lawyer in Toronto. While the idea to add their name to the deed may come with good intentions, the cons can outweigh the pros.

Here are some reasons why you shouldn’t add you child(ren) to the title of your deed.

... Risks of Adding Child to Property Deed