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Statement of Adjustments in Ontario

In Ontario real estate transactions, the Statement of Adjustments is a crucial document. This financial statement outlines the final amounts to be paid or received on closing day, ensuring both buyers and sellers have a clear understanding of their financial obligations. Familiarity with this document is essential for anyone entering the Ontario real estate market.

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What is a Matrimonial Home?

Determining which properties qualify as matrimonial homes is contingent upon various factors, including marital status, consistent use by both parties, and residential purpose.

Law