Yigal Rifkind, Barrister & Solicitor

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Creative Solutions for Real Estate, Wills & Estates, and Business Law

October 2015 Archives

When you need outside help with your real estate transaction

A few weeks ago, we talked about how electronic document signing is making it easier for real estate buyers and sellers. While it's true that avoiding a mountain of hard copy paperwork does make real estate transactions more efficient, it's also true that those transactions are not what most people would call easy or simple.

What is a fixed-rate mortgage?

A fixed-rate mortgage is a mortgage that involves the same interest over the entire term of the loan — from 15 to 30 years. Since the interest doesn't change, the amount of the payment doesn't change, making it easier for homeowners to budget over the long run.

Electronic documents make real estate transactions more efficient

In 2014 alone, Ontario saw more than 205,000 real estate transactions. At the time, each of those transactions meant dozens of printed contracts and forms -- and dozens of hard-copy signatures from buyers and sellers. Not only is the process not environmentally friendly, but it is also cumbersome for buyers and sellers -- especially those conducting business over a distance. In July 2015, Ontario made changes to the Electronic Commerce Act. Those changes allowed real estate to be bought and sold via electronically signed documents.

Ontario denies request for real estate investigation

One city in the province of Ontario requested an investigation by the Attorney General into what the city alleged were dubious real estate dealings. The request to the AG noted that the city felt some real estate transactions involved misconduct by those planning, making approvals and procuring real estate. The city is not without future assistance in the matter, however, especially given some new legislation.

Yigal Rifkind, Barrister & Solicitor Attorney

5001 Yonge Street, Suite 301
Toronto, ON M2N 6P6

Toll Free: 416-222-4597
Phone: 416-222-4597
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