REAL ESTATE LAW703 - RYERSON- ALL CLASSES AND EXAM NOTES INCLUDED
17 views 1 purchase
Course
REAL ESTATE (LAW703)
Institution
Ryerson University (Ru
)
Legal System
• Common Law = court made law
• Statute Law = gov't made law
Division of Powers
• Federal law effects real estate bc they can indirectly regulate it
o Ex. Real estate developers cannot build tall buildings near airports
Jurisdiction Over Real Estate
• Provincial la...
GROUP DISCUSSION:
Trends:
Mortgage stress test = harder for buyers to quality – more rental = rent goes up
o Hard to qualify = go to alternate lenders
Sustainability impact = environment green
Foreign investors are going up
o = non resident specialization tax = going up (Vancouver - now 20%). 15% in Toronto
o vacant units = bad for locals because prices go up, and locals cant afford
o good if you already own a home because foreign buyers are driving the prices up, but bad if you don’t own = because cant afford
prices decreased ($780K)
o number of sales decrease 16.1%
block chain machine learning
o digital
shared economy
o airbnb – if investor = good because buying it to rent them out to short term = not subjected to rent control = but hurts the long term
renting market
o
mortgage rates
, o bank of Canada keeping rates the same, not harder to get finance – suppose to support the market going upwards
o but the stress test is still making it harder to qualify
industrial = online retail = buying more distribution space = vacancy rate lower
retail
o amazon e stores = automate
o retail = going down because of online stores
o banks going online = closing branches
retirement housing
rent controls
WEEK ONE
1. Why study real estate law?
2. Legal System
3. Constitution Act (Division of Powers & Charter)
4. Brief History
5. Estates & Interests
6. Land Recording Systems
7. Priorities
8. Control over Subdivision of Land
Why study real estate law?
• Important
o Housing
o Business
o Environment
• Impacts financial institutions
• Impacts governments
• Manage risk in buying, selling, owning and managing real estate
Legal System
• Common Law System
• (except Quebec)
• Common Law = Statute Law + Common Law
• Statute Law – gov’t made law
• Real estate = cant moved = vulnerable to gov intervention
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller sliystephanie. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $50.49. You're not tied to anything after your purchase.
