Changes to Real Property Matters: s.194 of the Education Act and O. Reg. 374/23
The Better Schools and Student Outcomes Act, 2023, S.O. 2023, c. 11 has come into force with respect to the newly imposed powers of the province in acquisitions and dispositions of school board property. Beginning December 31, 2023, considerable changes […]
Municipal Land Transfer Tax to increase for “high value” residential properties in January 2024
On September 6, 2023, the City of Toronto approved increased graduated Municipal Land Transfer Tax (the “MLTT”) rates for residential properties valued in excess of $3,000,000.00 to assist with the reduction of Toronto’s budget deficit. There will be additional graduated […]
Rescission and s. 74 of the Condominium Act: Chen v Brookfield Residential (Ontario) Limited, 2022 ONCA 887
The Ontario Court of Appeal recently upheld a decision in Chen v Brookfield Residential (Ontario) Limited, 2022 ONCA 887, invalidating a home buyer’s Notice of Rescission, affirming that the buyer anticipatorily breached the contract and entitling the developer to retain […]
