The Federal Budget for 2022 has made amendments to Part IX of the Excise Tax Act (“ETA”). Effective May 7, 2022, all assignment sales in respect of newly constructed or substantially renovated single unit residential complexes or residential condominium units are taxable. For clarity, with respect to residential housing transactions, ...
Continue ReadingIndustrial leasing introduces a vocabulary that can seem unfamiliar to businesses entering the market for the first time. Terms such as Triple Net (NNN), Additional Rent, Permitted Use, and Tenant Improvements appear throughout lease negotiations, yet many business owners understandably focus their attention on the rental rate rather than the ...
Continue ReadingThe RECO Information Guide is designed to help Ontario buyers and sellers understand how real estate representation works before they receive services or assistance from an agent. Whether you are buying a home, selling an investment property, leasing commercial space or considering another real estate transaction, one of the first ...
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