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Buying and Selling real estate assignments is a common form of transaction in the real estate market. An assignment is a transaction of the rights to a property before the legal ownership of the actual property is transferred.

Property owners in Toronto and across Ontario face a number of important developments in 2026 that may impact their tax obligations.

The Additional Transfer Tax will apply to transactions involving a "foreign entity", which the Act defines as both a "foreign national" and a "foreign corporation".

On October 10, 2019, leave to appeal the decision of the Alberta Court of Appeal (the "Alberta CA") in Edmonton (City) v. Alvarez & Marsal Canada Inc. ("Edmonton v. Alvarez")1 was refused by the...

Canada has recently introduced legislation to implement an Underused Housing Tax (UHT).

Ontario has introduced the Fair Housing Plan which includes some measures that will have an immediate effect such as a rent control expansion, a new standardized lease and a new 15 percent...

On April 14, 2020, the provincial government amended the Development Charges Act, 1997 (the "DCA") and the Planning Act as part of omnibus legislation responding to the ongoing COVID-19 emergency.

In the June 2010 edition of the Real Estate & Urban Development @ Gowlings newsletter we reported on the amendments to the "Act respecting duties on transfer of immoveables" and its effect of allowing the City of Montréal to increase the amount of transfer tax imposed on real estate.

By now, every owner of a residential property in Toronto has received a YELLOW Notice from the City of Toronto regarding the Vacant Home Tax (the "VHT"). Here are some things you should know.

As has been widely predicted, today's federal budget (Budget 2015) delivered a handful of tax "goodies" in the lead-up to the coming election.

Filing your personal taxes properly is vital to avoid extra fees and to ensure you receive all deductions available for your tax return.

2024 has been a difficult year for many property owners in Canada, in light of the high mortgage rates, increased capital gains tax, and the slow real estate market.

It is quite common for joint ventures holding commercial real estate to appoint a bare trustee or nominee corporation to hold title to the property (often the nominee corporation is the trustee of the bare trust).

Canadian taxpayers are required to annually report certain properties that are situated outside of Canada when the aggregate COST of all properties is $100,000 CAD or more.

Many wealthy individuals and families own a secondary home in France.

Lenders, like any businesses, prefer certainty. In many ways the real property lending industry is built around trying to be as certain as possible before a loan is advanced.

The federal underused housing tax (the "Tax") is a new annual 1% tax on the value of non-resident, non-Canadian-owned residential real estate that is considered to be vacant or underused...