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Real Estate

Do You Need a Lawyer When Buying a Condominium in Toronto?

If you need a quick answer, yes, you definitely need a condominium lawyer to purchase a condo in Toronto. Why? Lawyers usually know the ins and outs of any real estate closing, saving you an enormous amount of time and money. However, the speed with which they close deals stems not only from theory, but also from experience and legal practice. While you can’t gain the last two without proper...

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Squatter’s Rights in Ontario: What Landowners and Claimants Need to Know

Imagine how frustrating it can be to find out that someone came to visit you uninvited — and worse, has no intention to leave and claims the right to stay. It may seem unbelievable, but it happens quite often. This is known as “squatting”, and sometimes, land claimants (squatters) can gain legal title to land through adverse possession. Not all cases of squatter’s rights involve the intentional occupation of a neighbour's...

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Protecting Assets With a Mareva Order

A Mareva Order is also called an asset freezing order or asset protection order. It’s a powerful tool that prevents someone from hiding or wasting assets during legal proceedings. It promotes fair resolution, protecting the assets until the proceedings are over. Whether you’re the applicant or the defendant, you need to understand the specifics of what is a Mareva order. What is a Mareva Order? A Mareva injunction freezes one of the party's assets, be it...

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What is Canada’s Foreign Buyer Ban and Who Does It Affect?

Canada’s real estate market has drawn global attention, not just for its picturesque landscapes but for its skyrocketing housing prices. With affordability slipping out of reach for many residents, public discourse has increasingly turned to the role of foreign investment in driving up home costs. In response to mounting pressure, the Canadian government introduced the Prohibition on the Purchase of Residential Property by Non-Canadians Act, often referred to as the foreign...

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How to Avoid Real Estate Fraud

Real estate fraud has become a growing concern in today’s market, posing serious risks to buyers, sellers, and lenders alike. The DeKrupe law team specializes in real estate law and has experience dealing with various types of property fraud. You need to understand the dynamics of real estate fraud and know how to protect yourself against malicious intent....

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What is a Real Estate Brokerage?

Understanding the framework of property transactions comes from answering the questions what is a real estate brokerage and what he does. Briefly, this activity serve as the bridge between buyers and sellers, offering expertise and assisting in the real estate market deals.  Unlike individual agents, brokerages operate as larger firms providing a suite of services for those aiming to understand the complexities of real estate. They're licensed professionals in legal compliance...

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Steps in Commercial Real Estate Transactions

The process of commercial real estate transactions is complex and requires precise legal interpretation. For investors and businesses, these transactions are critical as they can expand or strengthen assets.  Buying, selling, or leasing commercial properties require a strategic approach to ensure financial success and compliance with regulatory standards. With significant capital at stake, professionals navigate through due diligence processes, contract negotiations, and financing considerations with meticulous attention to detail. Commercial Real Estate...

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Why Safe Deposit Box Is Essential?

Often placed within the fortified walls of banks or special secure facilities, these boxes offer people a safe place to store important documents and valuables. The main feature of a safe deposit box lies in its simplicity.  A physical lock and key shielding one's possessions from theft, loss, or damage. Yet, despite this simplicity, choosing the right safe requires an understanding of various factors such as size, ease of access, cost...

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