Temporary Wage Subsidy for Employers

As of Monday, March 30, government of Ontario introduced a temporary Wage Subsidy for Employers – here are the details: The federal government’s temporary wage subsidy for employers has been evolving. Now, many small and medium-sized law firms will be eligible. The initial announcement offered a subsidy of up to 10% and limited eligible employers […]

What to To Do With Your Pending Real Estate Deal

(THIS IS NOT LEGAL ADVICE – the discussion is just one lawyer’s observations and views intended for a general audience) The concern for buyers is that they may be laid off and not have the financial resources to carry a mortgage for an indefinite time after closing until their financial circumstances go back to normal. […]

NOTICE: COVID – 19

OUR NEW SHARED REALITY This is a message to our friends, family and clients on what we – the staff and lawyers – at GREEN GERMANN SAKRAN / GGS LAW are doing in response to the COVID–19 pandemic. GGS clients and employees are always our top priority. Rest assured that we are taking all necessary […]

It’s not a bubble – It’s a devastating storm

I believe it is everyone’s right to have a safe and affordable home to raise a family.  The reality in today’s economy is quite the opposite.  I see people making desperate decisions to buy a home out of their price range for fear that they won’t be able to afford anything similar if they wait.  […]

What does Trump have to do with home ownership in the GTA?

Benjamin Tal, Deputy Chief Economist with CIBC World Markets, made a spectacular presentation to kick off the Landpro conference today at the Paramount Centre in Vaughn. Tal spoke about the economy and real estate outlook for the GTA. Tal started with Trump’s election and ended with the rise of housing prices, the trend towards a […]

The Principle Residence Exemption is under attack

Until recently, when you sold your principle residence you did not have to declare it on your tax return and you were not at risk of paying income tax on its increase in value from the original purchase price. As of October 3, 2016, the federal government requires you to report the sale of your […]

“WHY” the new stress test lending requirements?

Home Buyers stress Test –  Real Estate The federal government, bless their heart, have implemented a financial stress test for homebuyers effective October 17, 2016. Qualifying for a mortgage has always been a “stress test” for borrowers but we never called it that.  The federal government tweaked their lending rules in four substantive ways: Banks now […]

Boomers Plus Seminar – should you cash in on your home?

Come out to the BOOMERS PLUS SEMINAR to be held on: TOPIC: Is it a good time to sell or buy your home in today’s market? September 29, 2016 from 7pm to 9pm at REMAX office located at 4121 Fairview Street, Burlington https://www.youtube.com/watch?v=lMHhyHF8blw   Sellinga home? Talk to a Real Estate Lawyer » Burlington, Hamilton, Milton, Mississauga, […]