Condominium Maintenance Fees: A Comprehensive Guide to Common Expenses

As the city’s skyline continues to evolve, condominiums are emerging as the dominant housing type in the urban landscape. The growing interest and trend in living in condos means it’s important to understand the financial obligations that come with ownership. You will notice that the monthly maintenance fees can vary widely between different condo corporations….

Avoiding the Mortgage Refinancing Penalty

This year, with rates changing so much, we will see some shocked people when they go to refinance their property.    Here are some things you should know before you go… Unlocking Your Mortgage Potential: Navigating the Maze of Refinancing Penalties Embarking on the journey of mortgage refinancing is often fueled by the desire for…

Navigating End-of-Month Closings in Real Estate: Your Essential Guide

In the realm of real estate transactions, the first and last week of each month emerges as the peak period for legal activities. This pattern aligns with the preference of many people to schedule recurring payments, such as for utilities, around these times, aiding in effective budgeting.   Given this context, it’s essential to recognize the…

Why you Need an Experienced Real Estate Lawyer on your Side

Unlocking the Power of an Experienced Real Estate Lawyer: Your Key to a Hassle-Free Transaction In the ever-evolving world of real estate, one crucial aspect often gets overlooked in the excitement of buying or selling a property: the need for an experienced real estate lawyer. While some may be tempted to cut corners and opt…

Purchasing a Pre-Construction Condominium – What to Know

What to Know Interested in entering the pre-construction condo market but not sure where to start? You are certainly not alone! The idea can seem a bit daunting at first. Hundreds of pages of legalese to go through. Uncertain construction timelines to deal with. An ever-changing market. There are many factors to consider before putting pen to paper….

Foreign Buyer Ban on Residential Property – Effective January 1, 2023

What is the Foreign Buyer Ban? Effective January 1, 2023, the Government of Canada is implementing a two (2) year foreign buyer ban. This means that ONLY Canadian citizens/permanent residents will be allowed to buy residential property in Canada.  There are some exceptions to the ban.  For example, if a non-Canadian is purchasing with their…

Why choose the WeAreLaw team?

Whether you are a first time home buyer or an investor we are here for you. Our Experience We handle purchases and sales (resale, preconstruction and commercial), refinances, title transfers, assignments and wills and estates.  We have been practicing for almost 20 years and have closed over 15,000 real estate transactions throughout Ontario.  Our People In today’s…

Status Certificates

What is a Status Certificate? A Status Certificate is a document that discloses certain information about a specific condominium unit (dwelling, parking, and locker units, as applicable). The Status Certificate includes a package of documents outlining the current financial and legal “health” of the unit(s) and building, and the rules and regulations unit owners must…

The Closing Costs Most Overlooked by Home Buyers

 By Zoocasa  When it comes to material possessions, nothing will be more important than your very own home. The price tag on the house you can afford, however, is only the start of costs you’ll be expected to roll out. To start with the bottom line first, most financial institutions recommend setting aside roughly 1.5…

How Condo Fees Affect a Condo Purchase

Deciding to buy your own home is an exciting milestone for many, and choosing a condo over a detached home definitely has its perks. The indoor amenities and services, not to mention the outdoor maintenance tasks you’ll never have to do are all wonderful features, perfect for busy singles, couples and seniors. Although you’re spared…