Author: Daniel La Gamba

Canada has no gift tax. It has a rule that produces the same result, and most families discover it after the transfer is registered rather than before. The rule behind everything: deemed disposition When you transfer real estate to your child, the Canada Revenue Agency treats you as having sold it at fair market value – whether… Continue reading Transferring Ownership of Property From Parent to Child

Most buyers think a new house should be trouble-free at month 11. They’re wrong. An 11 month home warranty inspection checklist is where small defects get caught before they become denied claims, water damage, or an argument about whether the problem was ever reported. What an 11 month home warranty inspection checklist is An 11… Continue reading 11 Month Home Warranty Inspection Checklist for Ontario Buyers

Failing to close is not the same as walking away from a deal. An agreement of purchase and sale is binding once conditions are waived, and a buyer who cannot complete is in breach – with liability that runs well past the deposit. What it costs a buyer The deposit. Forfeited. On a Toronto purchase that… Continue reading What Happens If I Can’t Close on My Toronto House?

Two very different people read this page: someone who is owed money and wants to secure it against a property, and someone who has just discovered a lien on their own title. Both answers are below. How much does it cost to put a lien on a property in Ontario? The land registration fee is… Continue reading How to Put a Lien on a Property in Ontario

Most buyers and owners think a right of first refusal means the holder can force a sale whenever they want. They are wrong. In first refusal real estate, the holder usually gets the chance to match a sale opportunity before the owner sells to someone else, but only if the contract says the right has… Continue reading Right of First Refusal in Real Estate: Ontario Guide