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Who is responsible if damage happens to a home between purchase and closing?

In most binding contracts for real estate transactions – or agreements of purchase and sale – the seller is responsible for maintaining the property until closing. This includes repairs for any damage that may occur before the change of ownership. However, once closing has taken place, the buyer becomes the owner ...

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If I don’t give my deposit to the brokerage, does it cancel the deal? Ontario

A real estate deal is a big undertaking and can be daunting for many people – especially with the rising cost of living and growing inflation rates in the current economy. If you have signed an agreement to buy a home but are now having second thoughts, or you are having ...

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My partner and I are retired and want to downsize. Where should we begin?

Downsizing is a big decision. As you make the move from your current home to a smaller one that is more suitable for your lifestyle and needs, there are steps you can take to help make sure that you are content with your real estate transactions – selling your existing ...

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What happens if I find a problem with the roof that was covered with snow when I bought the house? Toronto

The short answer is, it depends on the nature of the issue or damage you found, the seller’s responsibilities, and terms specified in the agreement of purchase and sale. I would like to begin by pointing out that Ontario law requires sellers to disclose certain defects of a home. Essentially, there are ...

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