The City of Toronto has implemented a new Vacant Home Tax (VHT) which takes effect on January 1, 2023. This new tax will impact real estate transactions in Toronto. The new legislation requires all residential property owners to declare the property’s occupancy status for the previous year. For the 2022 year, all owners are required
Uncategorized Archives - Isenberg & Shuman
Lorne Shuman / January 02, 2023
IMPORTANT INFORMATION REGARDING THE NEW TORONTO VACANT HOME TAX
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Lorne Shuman / July 20, 2020
WHAT IS A CONDOMINIUM OCCUPANCY CLOSING?
If you are buying a brand new condominium, the paperwork and entire process can be confusing and overwhelming. Aside from the complexities of signing the actual Agreement of Purchase and Sale which can be 50 to 60 pages in length, many Buyers are not aware of the unique aspects of closing a pre-constructions condominium purchase.
Lorne Shuman / February 26, 2020
What is a Parcel of Tied Land (POTL)?
Many people believe that a condominium is a tall building with many units and some common amenities. While this is true, there are a number of other different types of condominiums in Ontario. One unique form of condominium ownership is called a Common Elements Condominium (“CEC”). With a CEC, there is an entity called a