Closing Issue Considerations

The closing date is usually the final step in the purchase or sale of a home.  However, the closing very often (even more so since the onset of the ongoing COVID-19 pandemic) may be required to be extended. The completion (or lack thereof) of the real estate transaction on the originally agreed upon closing date …

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Notice Periods

It is well established by the Courts that an Employer has an almost unfettered right to terminate the employment of an employee. However, in the event of a termination of employment on a without cause basis (meaning no fault of the employee) the debate over the amount of notice or pay in lieu thereof required …

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First-Time Homebuyer Series: Thing to Consider- Ontario’s Land Transfer Tax

Purchasing a home is always a meaningful and significant experience for first-time homebuyers. Still, sometimes the excitement that surrounds a homebuyer’s transaction clouds the realities of some of the unexpected costs associated with purchasing a residential property for the first time. One of these unexpected costs is the dreaded Land Transfer Tax (LLT). LTT is …

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Just Know What You’re Getting Into: Tips for First-time Homebuyers

(and no, Land Transfer Tax is not a scam) While a typical right-of-passage of adulthood has traditionally included the first purchase of a home, skyrocketing prices, lack of inventory, bidding wars and income insecurity have made this milestone incredibly challenging for today’s first-time home-buying demographic – arguably more now than any time in the past …

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Food & Real Estate

Make sure you know what you’re ordering In my unique role, I interact often with prospective clients who are trying to decide on a law firm for their upcoming real estate transaction. Many are first-time homebuyers. Almost all have questions: ‘Who’s the best lawyer?’, ‘What’s a good price?’, ‘Is Land Transfer Tax a scam?’, ‘How …

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* This blog posting contains general comments only and should not be considered specific legal advice. Readers of this blog do not establish any solicitor-client relationship. The comments and opinions expressed in this Blog represent the comments and opinions of the writer alone and may not represent the comments and opinions of Refcio & Associates as a collective law Firm. Individuals are encouraged to speak to a lawyer for specific advice and opinion regarding their particular set of circumstances. Refcio & Associates is pleased to provide a free initial consultation to those individuals seeking to retain legal counsel.