Property Purchase Tax Act Amendments #174

Legally Speaking

By Gerry NeelyB.A., LL.B. A number of¬†amendments have been made to the¬†Property Purchase Tax Act, but those which will affect the largest number of licensees and purchasers are the amendments made to the principal residence exemption. A principal residence is defined as follows: “Principal Residence: A principal residence is a parcel of land that does

Reasons for Judgement on Another Offer #173

Legally Speaking

By Gerry NeelyB.A., LL.B. The Court of Appeal has handed down reasons for judgment on another offer or option case. This one concerned an offer to purchase containing conditions which required the vendor to deliver copies of leases and other information to a purchaser for approval. The clauses gave the purchaser the right to be