Buying a house can be a rewarding experience and a great investment. It can also be quite stressful if you have not budgeted properly for some of the expenses that come with home ownership, and specifically, the expenses associated with closing your purchase transaction. Most people are aware of obvious…
News & Resources
Shareholder Agreement Essentials: Buy-Out Clauses
Going into business with someone is not unlike entering a marriage. While the parties may enter the relationship with the best of intentions and a shared vision about the future, things can change. If you’re considering walking down the aisle with a business partner(s), it is essential that some consideration…
Title Insurance: The Basics
Title insurance is an insurance policy issued by an insurance company, which insures or indemnifies the home buyer and mortgage lender (where mortgage financing is provided) against loss or damage sustained as a result of covered title risks and defects. It further insures against various problems which would have been…
What New Home Buyers Should Know about Tarion Warranty Corporation
If you’re a new home buyer in Ontario, you’ll be pleased to learn that Tarion Warranty Corporation is working to safeguard your investment. About Tarion Tarion helps protect consumers and regulates new home builders and sellers by administering and enforcing the Ontario New Home Warranties Plan Act and Regulations. The…
Condo Repairs: Due Diligence Can Help Buyers Avoid Unexpected Bills
he recent news story that condo owners in an Ottawa development are on the hook for $15.3M for repairs to the building (Ottawa Citizen, January 15th, 2014) will send a chill down the spine of other condo owners and anyone contemplating purchasing a condo. Potential Buyers If you’re considering buying…
Kelly Santini LLP Advises Fin-XO on Two Closings
Tim McCunn and Diem Nguyen recently advised Montreal based Fin-XO Securities Inc. on two private placements of unsecured convertible debentures, common shares and warrants by Digital Shelf Space in the total amount of $1,600,000. Digital Shelf Space is an independent creator, producer and distributor of home entertainment content targeted at…
Don Burke Named Special Olympics Festival Volunteer of the Year for Canada
Congratulation to Don Burke who was recently presented with the Special Olympics Festival Volunteer of the Year for Canada award. Don has been chairing the Ottawa Special Olympics Festival Breakfast since its inception in 2005. In that time, the Ottawa breakfast has raised over $200,000 for Special Olympics athletes in…
Supreme Court Denies Leave to Appeal in Insurance Dispute
Mitch Kitagawa successfully represented The Co-Operators when the plaintiffs sought leave to appeal to the Supreme Court to challenge an Ontario Court of Appeal’s ruling from February 2013. The Court of Appeal upheld a contractual one year limitation period in a commercial property policy. The Co-Operators denied the claim and…