FINTRAC: 5 things to remember in 2022
The FINTRAC updates announced on June 1, 2021 must be complied with by real estate agents and brokerages across Canada starting on April 1, 2022. Here are answers to five of the most frequently asked questions I receive when conducting FINTRAC updates for brokerages...
Ontario’s new residential tenancies bill isn’t really that bad
The Ontario Government recently announced that The Protecting Tenants and Strengthening Community Housing Act (Bill 184) affecting residential tenancies is now law. The emergency stay of eviction proceedings expired for the most part on July 31. Based on the reaction...
Protecting your deals during COVID-19
During this difficult time of isolation due to COVID-19, everyone must do what they can to make sure buyers and sellers can still successfully enter into and complete their real estate contracts. Here are five questions and answers about real estate deals as they...
What happens when real estate deals can’t close on time?
In Ontario, real estate deals are supposed to close by 5 p.m., since that is when the government registration system shuts down. By 5 p.m., the buyer lawyer is supposed to have sent the required paperwork and money to the seller lawyer trust account and the seller...
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