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Conveyancing Fast Facts

Q.When and to whom is the deposit to be released by the deposit holder (stakeholder)? A. There isn’t one answer to this question. It depends on the circumstances. Set out below are a few likely scenarios: When a Contract is settled the deposit can usually be released to...

Q.Should a foreign buyer make a Contract to buy a residential property subject to Foreign Investment Review Board (FIRB) approval? A. Yes, unless prior written approval has been obtained to purchase the property or the Buyer is specifically exempted under the Foreign Acquisitions and Takeovers Regulations or...