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.
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.
A property dispute whether with a neighbor, friend, family member, or a complete stranger can be complex, and it might get drawn out for a long time if the right legal representation is not hired.
Reputable real estate lawyers in Toronto keep abreast of any changes and details of the rights of property owners and tenants. These rights include but are not limited to, the right to contest nearby zoning bylaws, the right to access an easement, the right to establish adverse possession, and the right to have peaceful enjoyment of property.
Life can throw us many challenges including a life-threatening illness or a sudden death. We may not be able to prevent these catastrophes from occurring, but we can ensure our loved ones are taken care of, giving us the peace of mind to enjoy every day to its fullest.
With estate planning, you do not have to have great wealth and fortune or own large pieces of land. Planning your estate involves having your financial obligations, end-of-life care, and last wishes documented. It can help reduce the burden on your family while protecting your monetary worth from probate and taxes.
Property dispute lawyers in Toronto specialize in a variety of real estate issues. Whether the property at hand is a vacant lot, a driveway, or a home structure, it is important to protect one’s investment.
A dispute can arise before, during, or after the sale of a property. Property disputes are usually amicably resolved but there are a number of times when a real estate property dispute lawyer may be required to assist.