2007 Toronto Star Columns

As if lawyers need extra work

Bob Aaron bob@aaron.ca December 22, 2007 As if lawyers need extra work Two-lawyer rule for registering deeds is overkill Question: How many lawyers does it take to register a deed transferring the ownership of a parcel of land? Answer: For the past 212 years, the answer has been “one.” Next year, the answer will be […]

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Document your insured possessions

Bob Aaron bob@aaron.ca December 15, 2007 Document your insured possessions Chubb gets hit with $500,000 in punitive damages It was exactly 10 years ago this weekend that a fire destroyed the luxury house belonging to Bridgette Sagl on Doulton Dr. in Mississauga. When Chubb Insurance refused to pay her claim, she took the company to […]

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Time to repeal outdated law

Bob Aaron bob@aaron.ca December 8, 2007 Time to repeal outdated law Statute Labour Act could mean that some Ontario taxpayers must perform road work The owners of a farm in England have been hit with a bill for more than 500,000 ($1 million) by the Church of England as the result of an old law […]

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‘Arrogant’ bank chastised by judge

Bob Aaron bob@aaron.ca December 1, 2007 ‘Arrogant’ bank chastised by judge Whoever said you can’t fight city hall or the big banks never met Brampton lawyer Ken Hood or his clients Mark and Laura McDonald. When the McDonalds bought their cottage near Kapuskasing some years ago, they took out a personal loan secured by a […]

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We need an open, comprehensive grow-op list

Bob Aaron bob@aaron.ca November 24,2007 We need an open, comprehensive grow-op list Two weeks ago in this column, I asked whether listing agents should be required to disclose that a home was, or might have been, a marijuana grow operation, or whether they should disclose only if the seller tells them it was a grow-op? […]

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Federal tax cut already in effect

Bob Aaron bob@aaron.ca November 3, 2007 Federal tax cut already in effect New homes bought since Oct. 30, 2007 eligible for 5 per cent GST rate While the GST officially won’t drop from 6 per cent to 5 per cent until Jan. 1, 2008, the new rate is already in effect for buyers of newly […]

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Buyer beware if you want that GST rebate

Bob Aaron bob@aaron.ca November 3,2007 Buyer beware if you want that GST rebate With the GST falling again from 6 per cent to 5 per cent buyers of new homes should be warned about a practice some builders have employed to scoop the purchasers’ transitional rebates. May 2, 2006 was the last date when the […]

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New home worthless, assessor rules

Bob Aaron bob@aaron.ca October 27,2007 New home worthless, assessor rules An interesting decision of the Assessment Review Board last year may be the first Ontario case in which the value of a new home was assessed at zero dollars for tax purposes. As well, it could set a precedent for reducing the assessments and taxes […]

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It’s best not to combine mortgage, line of credit

Bob Aaron bob@aaron.ca October 6,2007 It’s best not to combine mortgage, line of credit Beware of loans tied to ‘real’ mortgage After Nathaniel and Danielle signed a contract to buy their Toronto dream home for $450,000, they contacted a mortgage officer at their bank to arrange financing. Their down payment of $115,000 represented more than […]

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Renovation project calls for a written deal

Bob Aaron bob@aaron.ca September 29, 2007 Renovation project calls for a written deal The Ontario Court of Appeal has written the final chapter in what could easily be called the case of the “renovation from hell.” It all began in early 2004 when Arik and Olga Idan hired Maureen Chung and Geoffrey Jackson to renovate […]

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Signing SPIS form remains a huge risk

Bob Aaron bob@aaron.ca September 8, 2007 Signing SPIS form remains a huge risk Whenever I write about Seller Property Information Statements (SPIS), which real estate agents often ask their seller clients to sign, I can always be sure of getting a significant number of email responses. In last month’s issue of REM (Real Estate Magazine), […]

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Title insurance policies can differ

Bob Aaron bob@aaron.ca September 1, 2007 Title insurance policies can differ Are all title insurance policies the same? Are the coverages provided by the various title insurance companies so similar that it doesn’t matter which one you choose? These questions arise in the wake of a recent article on title insurance which appeared in the […]

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Relying on municipal records too risky

Bob Aaron bob@aaron.ca August 18, 2007 Relying on municipal records too risky In last week’s column, I wrote about a client of mine who signed an agreement to purchase a property on Burgess Ave., in the Beach neighbourhood. The lot size was advertised as 36 feet by 96 feet, but when I pointed out to […]

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