Category: Commercial Real Estate

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Fixing a Loophole – B.C. to Restrict Fixed-Term Residential Leases

November 1, 2017

On October 26, 2017, the provincial government introduced Bill 16, which amends the Residential Tenancy Act (RTA) and other acts. The proposed amendments were introduced in the context of public concern about alleged loopholes in the RTA relating to fixed-term leases and rent control. The government’s intention with these changes is to prohibit a practice apparently used by some landlords…

Getting to Yes: Everything You’ll Ever Need to Know About Offers to Lease

October 25, 2017

Please join us for a discussion on business and legal issues for landlords and tenants to consider when entering, negotiating or terminating offers to lease. Topics Non-binding LOI vs. binding offer vs. straight to lease – which is more effective? Landlords and tenants – advance preparation to make the deal process more effective Tenant issues – space planning, budgeting and…

Doing Business in Canada

October 10, 2017

The Blakes Doing Business in Canada guide is an introductory summary of the laws and regulations that affect the conduct of business in Canada.

Quebec Transfer Duties on Immovables: Recent Developments

September 25, 2017

The Quebec Minister of Finance presented the budget speech for the 2016–2017 financial year on March 17, 2016 (2016–2017 Budget), which modified the system of duties on transfers of immovables (please see our March 2016 Blakes Bulletin: Significant Proposals to Duties on Transfers of Immovables). These amendments were integrated into Bill 112, which was introduced on November 15, 2016, and assented to…

Cannabis, Commercial Real Estate and the Environment — Things to Consider Before You Get Into the Weeds

June 15, 2017

Cannabis legalization has been in the spotlight since Prime Minister Justin Trudeau put the issue on the agenda as part of his 2015 campaign. Details have begun emerging around how cannabis production, sale and consumption will be regulated with the recent introduction by the federal government of Bill C-45, the Cannabis Act (Bill) (for further information, please see our April…

Ontario Introduces a 15 Per Cent Non-Resident Speculation Tax on Certain Real Estate

April 25, 2017

On April 20, 2017, the Ontario government announced that it is imposing a 15 per cent non-resident speculation tax (NRST) on the purchase or acquisition of interests in residential property located in the Greater Golden Horseshoe (GGH). The GGH incorporates the greater Toronto area, including Toronto itself as well as Brant, Dufferin, Durham, Haldimand, Halton, Hamilton, Kawartha Lakes, Niagara, Northumberland,…

From Concrete to Complete: GTA Development Projects

April 18, 2017

In this session, we discussed the legal and business aspects involved in the planning, construction and completion of a development project in downtown Toronto. The panel used an office tower as a case study, but the analysis is applicable to commercial and industrial developments, including hotels and shopping centres. Topics: Structuring and planning: joint venture relationships and key agreements and other…

Ontario Land Transfer Tax Rates to Increase on Commercial Properties

November 28, 2016

On November 14, 2016, the Government of Ontario announced a series of changes to the Land Transfer Tax Act as part of the Building Ontario Up for Everyone Act (Budget Measures) (Bill). If passed, the Bill will increase land transfer tax (LTT) rates for certain properties, effective January 1, 2017. Current LTT rates in Ontario are based on the value…

New Act Will Require Ontario Corporations to Maintain Register of Real Estate Holdings

November 24, 2016

The Forfeited Corporate Property Act (FCPA) comes into force in Ontario on December 10, 2016, and will implement additional record-keeping obligations for corporations incorporated or continued in Ontario. Where a corporation is dissolved in Ontario, and that corporation is a holder of real estate, such property is automatically forfeited to the Ontario Crown upon dissolution. Prior to the FCPA, forfeited…

Worth Fighting For? Five Purchase Agreement Provisions That Deserve More Attention

October 27, 2016

Considerable time is spent negotiating purchase agreements to ensure an appropriate balance is struck between the interests of the buyer and the seller. But what is best and most efficient way to reach this balance? Blakes Commercial Real Estate group discusses five key provisions of a commercial real estate purchase agreement that are often the subject of much negotiation but…

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