PODCAST · business
Getting Keys and Closing Deals
by Bolloite Offor
"Getting Keys and Closing Deals", with me, Bolloite is your go-to podcast for unraveling the legal intricacies of real estate and lending. I am a lawyer, licensed to practice in Ontario, Canada. Each week, join me for new insights and practical tips. From purchase agreements and title searches, to loan transactions and emerging issues, we'll cover it all, making real estate law less complicated and more approachable. Whether you're a law student, a business owner, a new lawyer like me, or just curious, subscribe now and let's explore together!
Episodes
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Pitfalls in Lending Deals: Who Really Owns That Asset?
In this episode, I discuss a common and costly pitfall in lending— assuming the borrower owns the asset they offer as security. Whether it is real estate or personal property, ownership can be more complicated than it looks. I explain what happens when the borrower is not the registered owner on...
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The 10-Day Cooling-Off Period: Don’t Chill, Act!
Think the 10-day cooling-off period is just time to relax? Think again. In this episode, I break down what Ontario buyers really need to be doing after signing an agreement for a pre-construction condo or new freehold home. From reviewing your contract with a lawyer to locking in financing and...
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Deal Killers: Unpaid Property Taxes and Open Work Orders
In this episode, I talk about two threats that can stop a financing deal in its tracks: unpaid property taxes and unresolved work orders. As a lender’s lawyer, I’ve seen these issues turn what should have been a smooth closing into a full-blown scramble or even a dead deal. If you’re a borrower,...
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Termination Clauses in Agreements Registered on Title to Real Property: Why they Matter
Agreements registered on title without a clear termination or expiry date or trigger can cause major issues in real estate and lending transactions. In this episode, I explore how missing termination clauses can impact financing, property transfers and enforcement of security. Tune in!
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When Landlords Say No: Consent to Assignment in Commercial Leases — Rabin (2023)
In this episode, I explore the 2023 case of Rabin v. 2490918 Ontario Inc., unpacking the critical issue of assignment and consent in commercial leases. When a tenant seeks to assign their interest under a lease, what happens if the landlord refuses to consent? The court's decision in Rabin sheds...
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Understanding Canada's Federal Underused Housing Tax
In this episode, I break down Canada's Federal Underused Housing Tax — what it is, who it affects, and why it matters. I explore the difference between affected and excluded owners, what qualifies as "residential property," and the key exemptions that could apply. Plus, I discuss the penalties…
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The New Vacant Unit Tax in Hamilton and the April 30 Deadline
Hamilton’s new Vacant Unit Tax is here, and every residential property owner needs to pay attention. Even if you live in your home, you’re required to file a declaration – and missing the deadline could cost you. In this episode, I break down the key details: the reason behind the tax, who needs…
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CMHC INSURED LOANS: NEW CONSTRUCTIONS AND IMPROVEMENTS
In my last episode, we covered CMHC’s Purchase Product—but what if the home you’re buying needs some work? Or what if you’re building from the ground up? That’s where CMHC’s Improvement Product comes in. This episode explores how homebuyers can access insured financing of up to 95% of the...
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CMHC INSURED HOMEOWNER LOANS: PURCHASES
Looking to own a home in Canada? You might not need as big a down payment as you think! In this episode, we’re diving into CMHC-insured homeowner loans within the context of purchases—what they are, who benefits, and how they impact borrowers and lenders. This is the first of a series analysing...
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Priority Agreements: What Lenders and Borrowers Need to Know
Ever wondered how lenders decide who gets paid first in complex financing deals? In this episode, I dive into the world of priority agreements—essential tools in real property and personal property financing. Discover why these agreements become necessary, how they prevent conflicts, and the key...
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Vendor Take Back Mortgages
In this episode, I discuss Vendor Take Back Mortgages (VTB) as an alternative financing option to traditional mortgages. I break down what a VTB is, how it works, and the potential benefits and drawbacks for both buyers and sellers. l also delve into the legal considerations, including the...
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Enforcement Tug Between Lenders and Guarantors: Protecting Yourself
Guarantees can be a double-edged sword. In this episode, I examine best practices for both lenders and individual guarantors to protect themselves early enough and avoid the tug of war that typically happens during enforcement proceedings.
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Secured Financing and the Limits of Separate Corporate Personality
In this episode, I delve into the crucial concept of separate corporate personality within the context of secured financing. I explain what separate corporate personality means and how it impacts both lenders and borrowers and discuss the potential risks and benefits of this legal doctrine.…
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Guess who's back?! Happy New Year!
I'm back from my (very necessary) hiatus and on this episode, I share what to expect from me and my itsy bitsy podcast in this new season and new year. Cheers to 2025!
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Let's Talk FHSA and HBP (First Home Savings Account and Home Buyer's Plan)
On this episode, real estate and tax have a soiree. I talk about the First Home Savings Account (FHSA) and Home Buyer's Plan (HBP). What are the FHSA and HBP? What public policy reasons fueled their creation by the Canadian federal government? What tax or other benefits accrue to those who invest...
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Personally Guaranteeing a Loan: Things You Should Consider
On this episode, I talk about guarantees and the risks involved in granting personal guarantees for loans, especially regarding a borrower company one has no direct affiliation with. I explore critical factors you must consider before agreeing to guarantee a loan, as well as how to protect...
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Before You Sign That Tenancy Agreement: Tenant Rights and Responsibilities Under Ontario's Residential Tenancies Act
On this episode, I talk about things you may want to know and pay attention to before putting pen to paper on your residential tenancy agreement. I place this conversation within the broader context of your rights and responsibilities as a Tenant under Ontario`s Residential Tenancies Act. You…
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Crash Course on Title Insurance
On this episode, I break down the title insurance, including what title insurance is, it's importance, why it might be preferable to a lawyer's opinion on title, the difference between a lender's policy and an owner's policy, as well as the difference between title insurance and property insurance.
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Private Mortgages vs Bank Mortgages
On this episode, I talk about the pros and cons of Private Mortgages and Bank Mortgages, as well as why it may be crucial to have your lawyer review your loan agreement with a Private Lender, before you put ink on paper.
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Toronto Vacant Home Tax: Declaration, Deadlines, Consequences and Exceptions
Residential property home owners in Toronto have until February 29, 2024 to submit their declaration of 2023 occupancy status or face a fee for failure to declare. Registered owners of properties in Toronto that are classified as residential property class are required by a City of Toronto by-law...
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AS OCTOBER 2024 APPROACHES: NEW FINTRAC REGULATION OF THE MORTGAGE SECTOR AND CORRESPONDING OBLIGATIONS
FINTRAC’s anti-money laundering and anti-terrorist financing requirements will apply to the Mortgage Sector- Lenders, Administrators and Brokers- as of October 11, 2024. On this episode, I break down what you will have to to do as a stakeholder comply with FINTRAC's requirements, as well as...
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Until 2027: No Foreign Purchase of Residential Property in Canada
The Canadian government is extending its ban on foreign purchase and ownership of residential property in Canada by an additional two years! Let's talk about it.
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Criminal Interest Rates in Lending Transactions: No Predators, No Preys
Did you know that there is a limit to the amount of interest a lender in Canada can charge on loan transactions? A limit beyond which your loan transaction becomes a criminal offense? Even better for borrowers, the Canadian government is now proposing a reduction to that limit. In this jungle…
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Beyond brokers: What value do lawyers bring anyway?
Welcome to a new episode of "Getting Keys and Closing Deals." In this episode, we explore a fundamental question within the context of real property sale and purchases: "What Value Do Lawyers Bring Anyway?" I unravel the distinct contributions lawyers make to real estate transactions, moving…
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Welcome!
On this episode, I tell you a tiny bit about myself, and the trajectory this podcast will be taking. I'm so excited to learn together!
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ABOUT THIS SHOW
"Getting Keys and Closing Deals", with me, Bolloite is your go-to podcast for unraveling the legal intricacies of real estate and lending. I am a lawyer, licensed to practice in Ontario, Canada. Each week, join me for new insights and practical tips. From purchase agreements and title searches, to loan transactions and emerging issues, we'll cover it all, making real estate law less complicated and more approachable. Whether you're a law student, a business owner, a new lawyer like me, or just curious, subscribe now and let's explore together!
HOSTED BY
Bolloite Offor
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Frequently Asked Questions
How many episodes does Getting Keys and Closing Deals have?
Getting Keys and Closing Deals currently has 25 episodes available on PodParley. New episodes are automatically indexed when they're published to the podcast feed.
What is Getting Keys and Closing Deals about?
"Getting Keys and Closing Deals", with me, Bolloite is your go-to podcast for unraveling the legal intricacies of real estate and lending. I am a lawyer, licensed to practice in Ontario, Canada. Each week, join me for new insights and practical tips. From purchase agreements and title searches, to...
How often does Getting Keys and Closing Deals release new episodes?
Getting Keys and Closing Deals has 25 episodes. Check the episode list to see recent publication dates and frequency.
Where can I listen to Getting Keys and Closing Deals?
You can listen to Getting Keys and Closing Deals on PodParley by clicking any episode. We provide an embedded audio player for direct listening, and you can also subscribe via your preferred podcast app using the RSS feed.
Who hosts Getting Keys and Closing Deals?
Getting Keys and Closing Deals is created and hosted by Bolloite Offor.
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