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Real Estate Practice in Ontario, 10th Edition

Get the latest edition of the book that has been the leading how-to guide for real estate transactions in Ontario for over 50 years.
Publication Language: English
Book
$220.00
Quantity

Hardcover | 554 pages

In Stock
Published: October 25, 2023
ISBN/ISSN: 9780433528678

Product description

Celebrating over 50 years of the Real Estate Practice in Ontario publication!
Real Estate Practice in Ontario, 10th Edition provides a comprehensive overview of the myriad issues – procedural and substantive – that underlie virtually every real estate transaction, and offers expert guidance on navigating the constantly evolving landscape of this practice area. An indispensable reference manual since it was first published five decades ago, this book remains the authoritative portable real estate guide as it continues to track the evolution of Ontario real estate law while delivering reliable advice on the potential challenges that arise in day-to-day practice.

In addition to examining all aspects of real estate practice in Ontario, including the registry system, the land titles system, agreements of purchase and sale, real estate agents, government controls, liens and taxes, this text includes an up-to-date discussion of recent developments in relevant legislation and case law.

What’s New In This Edition

  • The enactment of the New Home Construction Licensing Act, 2017, S.O. 2017, c. 33
  • Designation of responsibility to the newly created Home Construction Regulatory Authority for licensing new home builders and vendors; enforcing professional standards for competence and conduct; investigating illegal building practices; and administering the Ontario Builder Directory
  • New requirements under the renamed Ontario New Home Warranties and Protection Plan, including the new mandatory addenda
  • Discussion of new federal legislation (the Underused Housing Tax Act and the Prohibition on the Purchase of Residential Property by Non-Canadians Act) regarding purchase and ownership of residential property by “non-Canadians”; also discussed is provincial and municipal amendments dealing with vacant properties
  • Changes to the Income Tax Act regarding eligibility for the principal residence capital gains exemption
  • Amendments to the Planning Act, including the new provision permitting separate dealings of property owned under joint tenancy
  • Replacement of the Local Planning Appeal Tribunal (LPAT) with the Ontario Land Tribunal (OLT)
  • New content regarding interference with the exercise of an easement
  • The new Trust in Real Estate Services Act, 2020, which replaced the Real Estate and Business Brokers Act, 2002 including the new Code of Ethics for real estate agents
  • Changes in the procedures for closing on a sale of property and executing other contracts, including permitting remote or virtual execution of documents
  • New section on frustration of the agreement of purchase and sale
  • Discussion of determination of disputes under the Condominium Act
  • New section on clogs on the equity of redemption of a mortgage

Who Should Read This Book
Real Estate Practice in Ontario, 10th Edition is an indispensable reference manual for real estate practitioners, articling students, law clerks, paralegals, conveyancers and law librarians.

 

Featured Authors

Table of contents

 Preface

Chapter 1: The Registry System

Chapter 2: The Land Titles System

Chapter 3: Other Statutes Affecting Real Estate in Ontario

Chapter 4: Statutory Liens and Tax Statutes Affecting Real Estate

Chapter 5: Government Controls on the Use and Disposition of Land

Chapter 6: Status of Owner: Its Effect on Conveyancing

Chapter 7: Easements and Restrictive Covenants

Chapter 8: Construction Liens

Chapter 9: Personal Property Security Act

Chapter 10: Real Estate Agents

Chapter 11: The Agreement of Purchase and Sale

Chapter 12: Procedures in a Routine Transaction of Purchase and Sale

Chapter 13: Acting for the Purchaser of a Condominium Unit

Chapter 14: Representing Purchasers of New Homes

Chapter 15: Remedies on Default

Chapter 16: Searching Titles

Chapter 17: Legal Description of Land

Chapter 18: Proper Execution of Documents for Registration

Chapter 19: Financing Land

Chapter 20: Mortgage Default Proceedings

Appendix 1: Document Registration Agreements

Appendix 2: Measurement Conversion Table

Index