Real Estate Local Laws & Regulations
Navigating real estate transactions in Ontario can be overwhelming, but as a knowledgeable and experienced real estate lawyer, I can offer personalized guidance to make the process as smooth as possible.
In Ontario, real estate agents must be licensed by RECO and adhere to professional standards. Sellers are required to disclose any material defects to buyers, and buyers must pay a land transfer tax based on the purchase price. Additionally, properties in GTA and Mississauga are subject to zoning and building codes, while condos are governed by the Condominium Act. Non-residents looking to purchase property in Ontario must comply with NRST and obtain an ITN.
To ensure compliance with all of Ontario's laws and regulations, it is important for buyers to review condo bylaws and financial statements before making a purchase. As your real estate lawyer, I can provide comprehensive legal guidance throughout the process.
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