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Buying a Home: Land Transfer Tax
June 13th, 2019 by Bonnie Schott
Generally, when a buyer purchases real estate in Manitoba they will incur land transfer tax. Land transfer tax is calculated based on the fair market value of the property (usually the purchase price). The percentage used by the provincial government to calculate land transfer tax differs based on the value of the home (see table below). Value of Property Rate On the first $30,000 0%… Read More »
Manitoba Metis First Time Home Buyers Purchase Program
May 17th, 2019 by Bonnie Schott
Recently, the Manitoba Metis Federation announced the launch of the Metis First Time Home Purchase Program (FTHPP), which is to be implemented and managed by the Louis Riel Capital Corporation (LRCC) starting in the spring of 2019. The FTHPP is designed to help Metis citizens overcome the challenge of trying to save sufficient enough funds for a down payment, as required by financial institutions, for… Read More »
Rules relating to the Transfer or Subdivision of Properties Containing Ejector Systems
March 8th, 2019 by Gemma Brown
In October 2009, regulations were passed that were aimed at phasing out existing disposal systems to alleviate the problems with leaking systems, and run off into Manitoba’s water ways. The Provincial Government later amended the regulations of The Environment Act, known as the Onsite Wastewater Management Regulations (60/2010), concerning sewage disposal in the Province. The regulations indicated that if there was an ejector system on… Read More »
Rent-to-Own Agreements
August 16th, 2018 by Gemma Brown
The common thread of rent-to-own agreements is that the buyer will take possession and make payments to the seller over time and only upon payment in full will the seller then transfer legal title of the property to the buyer. There are generally two ways in which a rent-to-own agreement is structured; (i) agreement of sale and (ii) rental agreement with option to purchase. Agreement… Read More »
Congratulations to Bryan J. Peters
June 8th, 2018 by theresa
Congratulations to Bryan J. Peters on receiving his Call to the Ontario Bar. The primary areas of Bryan’s practice include corporate and commercial transactions and real estate transactions. As part of his work in these areas, Bryan has experience acting in the areas of condominium law, having represented developers, purchasers and sellers of condominiums; agricultural law, providing legal advice to farm and agricultural operators and… Read More »
Manitoba New Home Warranty Act – Will you be Ready for it?
November 13th, 2017 by Gemma Brown
The Manitoba provincial government has proclaimed the New Home Warranty Act and Regulation to come into force as of January 1, 2020. As a new home buyer, a builder or a lender, you should start to familiarize yourselves with the new rules and requirements, so that you are not caught off guard. The following is a basic overview of the new regulatory scheme: In most… Read More »
