In toronto real estate, the Seller Property Information Statement (SPIS) continues to be the single most dangerous document in current use in the real estate market. Since 1997, when the form first came into use, there have been 94 reported Ontario court cases centred on the document. Across the country, the total exceeds 250. […]
SPIS Seller Property Information Statement
Buyers can cancel property sale over Sellers’ misleading information
Is a seller required to be truthful in disclosing to a buyer that a house was built on potentially toxic landfill? That was the issue in a case decided last month in eastern Ontario. For many years, Christian Ménard and Lillian Lalonde lived in a nice-looking, well-constructed bungalow on a manicured double lot outside […]