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Buying a Home: Mortgages
May 25th, 2023 by SNJ
The majority of home buyers are not afforded the luxury of paying for a home without obtaining a loan from one of the many available lenders. As a result, it is usually a requirement that the buyer arrange a mortgage with their lender. A buyer of real property should be aware that the requirements of the mortgage will add to the documents that need to… Read More »
Buying a Home: Offer to Purchase
May 11th, 2023 by SNJ
An offer to purchase is the form used to create the agreement between the buyer and seller. Once the offer to purchase is signed, the agreement between the parties is established, and your lawyer will be limited by the agreement with regard to their ability to assist you. Therefore, prior to entering into an offer to purchase you should investigate all matters of importance to… Read More »
Flip or Flop: Navigating the New Income Tax Act rules regarding Real Estate “Flipping”
March 17th, 2023 by Blake Rowswell
Beginning as a highlight in the 2022 Canadian Budget, the federal government has made a concerted effort to ensure that profits made from “flipping properties” (i.e purchasing a property with the intent or effect to resell the property for a profit) are taxed in a full and fair manner. As defined in Section 13 of the Income Tax Act, flipped property means a “housing unit… Read More »
What Rights Does an Owner of a Riverside Have to Use The River?
February 16th, 2023 by Paul Reimer
A person who owns land along a river or other body of water is called a “riparian owner”. The rights that a riparian owner has to use of the river are called “riparian rights.” A riparian owner does not own the river itself. Pursuant to The Water Rights Act of Manitoba, all property in the water of a river or other body of water is… Read More »
2023 Rent Guidelines
December 8th, 2022 by Grant M. Driedger
Rent Guidelines In Manitoba all residential rentals are governed by The Residential Tenancies Act (“the Act”) which is administered by The Residential Tenancies Board (“the RTB”). Each year a rent increase guideline amount is pronounced, which prescribes the percentage by which rents may be increased by a landlord without obtaining special permission from the RTB. Even though there has been substantial inflation and increased costs… Read More »
The Education Property Tax Rebate
October 18th, 2022 by Simon Reimer
A new program to help eliminate the Education Property Tax in Manitoba The Province of Manitoba is continuing its phase out of the Education Property Tax in Manitoba, moving from a locally-determined model for funding education to funding out of general revenues. The Government states this will put Manitoba on equal footing with other provinces. Currently, Manitoba is the only province which operates under a… Read More »
