Neschadim Law PC

02/05/2019

New lobby waterfall feature at 39 Brant Street :)

“It's raining inside a condo building at 39 Brant St. https://t.co/p7yo7HsJOZ”

01/17/2018

Another interest rate hike from Bank of Canada!

The Bank of Canada raises its key lending rate by a quarter percentage point to 1.25 per cent, the third time it has moved its benchmark rate from once-record lows.

09/15/2017

NESCHADIM LAWYERS in the news!!! Pavel Neschadim of our firm and realtor, Alex Balikoev, have been interviewed for a news piece on teamwork in a Law Firm-Realtor relationship and the benefits it generates for mutual clients.

06/03/2017

06/02/2017

The Vancouver foreign buyers tax doesn't seem to have had much success in cooling that market. Do you think Ontario's newly-enacted Non-Resident Speculation Tax will have better success in the GTA?

http://www.repmag.ca/business-news/vancouver-home-prices-heading-towards-record-levels-again-226304.aspx

REB figures show 22.8% jump in home sales last month

05/12/2017

Insight into how—and where—the City of Toronto is growing.

http://urbantoronto.ca/news/2017/05/census-new-report-charts-evolving-housing-and-living-trends

05/11/2017

What a great show so far!! Met some fantastic people and even learned a thing or two at the informative seminars!

04/20/2017

As many of you know, a new Non-Resident Speculation Tax has been introduced by the Ontario government. As our firm has received numerous emails from realtors and clients asking questions regarding the applicability and payment of the tax, we wanted to take the opportunity to outline a few specific points that did not make it into the various news articles that have surfaced in the media:

1. The legislation is not yet law (but will likely become law shortly).

2. Although the tax will apply retroactively to transactions closing on or after April 21, 2017, binding agreements signed on or before April 20, 2017 will not be subject to the tax (i.e. there will be a grandfathering clause).

3. Initially (due to technical administration constraints) the tax will be collected by buyers (or their lawyers) pre-paying the tax prior to closing at the Ministry of Finance office in Oshawa (by Certified cheque or lawyer’s trust account cheque).

4. After the initial period, the tax will be collected just like Land Transfer Taxes – i.e. it will be electronically withdrawn from the lawyer’s account upon registration of the Transfer/Deed.

5. Starting tomorrow (April 21, 2017) new statements will be introduced into Transfers/Deeds, requiring confirmation, prior to registering the Transfer/Deed, as to whether or not the tax is applicable to the transfer that is being registered.

We hope this is helpful in clarifying some of the more salient points of the proposed legislation. If you have any questions regarding the NRST that have not been covered here, or if you have other questions relating to real estate law, please feel free to email or give us a call and we would be happy to help!

04/03/2017

To tax or not to tax? What's YOUR opinion on a foreign sales tax in Toronto? Comment below!

http://www.repmag.ca/news/poll-results-industry-on-foreign-tax-223667.aspx

We asked and you answered: In what is likely the most comprehensive survey of agent opinion on the matter, the results are in on whether or not the industry is in favour of a foreign sales tax in T ...