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Jonker had a mortgage over their home with Everest. They defaulted in making the required payments on the mortgage, and Everest commenced power of sale proceedings.

For lending institutions, few things can interfere with the priority of a first-ranking mortgage – construction liens and writs of execution are familiar examples.

It is not uncommon for tradespeople, professionals and businesses alike to encounter customers who refuse or neglect to pay their bills.

On February 29, 2024, the Government of Alberta released its proposed budget for the 2024 fiscal year (the Budget). The Budget may significantly impact registration fees...

Young Canadian buyers are struggling to enter the housing market with such high housing prices and the inability to make up a 20% down payment for the purchase. In an effort to tackle this, as of August 1, 2024.

The recent First Tier Tribunal decision in HSBC Holdings Plc and The Bank of New York Mellon Corporation v The Commissioners for Her Majesty’s Revenue & Customs brings positive news for UK companies aiming to undertake a fundraise or listing outside the EU involving the use of overseas depositary or clearance systems.

In this case, the Ontario Court of Appeal has set a precedent in the enforceability of contractual payments, distinguishing between penalty clauses and non-contingent contractual obligations.

The Ontario Ministry of Finance is seeking input from the public and other stakeholders with respect to a legislative review of the Mortgage Brokerages, Lenders and Administrators Act, 2006 (MBLAA).

The Investment Funds Branch of the Ontario Securities Commission recently published the April 2012 issue of its Investment Funds Practitioner.

Thanks in part to the Madoff scandal still unfolding in the United States, the Ontario Securities Commission has launched a focused compliance review of hedge funds.

On July 7, 2017, OSFI released draft changes to Guideline B-20 - Residential Mortgage Underwriting Practices and Procedures for public consultation.

This is our third in a series of posts on the proposed amendments to NI 41-101 to expand the scope of marketing activities that can be conducted in connection with prospectus offerings.

The Canadian Securities Administrators (CSA) are proposing the adoption of new rules which would allow reporting issuers to choose to provide securityholders with proxy solicitations and materials through the internet (Notice-and-Access).

The Financial System Review Act (FSRA) passed third reading in the Senate on December 16, 2011 and is currently awaiting first reading in the House of Commons.

Proposed Form 51-102F6, Statement of Executive Compensation, is touted by the CSA as improving clarity and context regarding corporate compensation practices.

On May 26, 2010, the Government of Canada released a proposed federal "Securities Act" and concurrently referred the Act to the Supreme Court of Canada for an opinion on whether it falls within the legislative authority of the Parliament of Canada.

Investors who beneficially own more than 5% of a class of voting equity securities of an SEC-registered issuer may need to file a report with the SEC by February 17, 2009.

Unitholders of the recently established Royal Utilities Income Fund explicitly given additional protections commensurate with those typically enjoyed by corporate shareholders.