The Government of Canada has enacted the Prohibition on the Purchase of Residential Property by Non-Canadians Act (the “Act”) which came into effect January 1, 2023. The Act prohibits the “purchase” of any “residential property” directly or indirectly by “non-Canadians.”; It is presently only intended to be in effect for the calendar years 2023 and 2024. The Prohibition on the Purchase of Residential Property by Non-Canadians Regulations (the “Regulations”), released on December 21, 2022, provide additional detail on key elements of the Act.
On April 10, 2024, the Province of Ontario introduced the Cutting Red Tape to Build More Homes Act, 2024, which proposes a number of amendments to the Planning Act and related legislation that would…
Brenda Gosselin and Stephen Pincus co-authored the Canada Chapter of The Law Reviews' Real Estate M&A and Private Equity Review 8th Edition. The Real Estate M&A and Private Equity Review is a…
The Government of Canada has enacted the Prohibition on the Purchase of Residential Property by Non-Canadians Act (the “Act”) which came into effect January 1, 2023. The Act prohibits the…
After significant lobbying by the real estate industry, in the stated effort to “enhance the flexibility of newcomers and businesses looking to add to Canada’s housing supply”, the Honourable Ahmed…
The Government of Canada has enacted the Prohibition on the Purchase of Residential Property by Non-Canadians Act (the “Act”) which came into effect January 1, 2023. The Act prohibits the “purchase…
Brenda Gosselin and Stephen Pincus co-authored the Canada Chapter of The Law Reviews' Real Estate M&A and Private Equity Review 7th Edition. The Real Estate M&A and Private Equity Review is a…
Goodmans acts for Tricon Residential Inc. in connection with its arrangement agreement with Blackstone, pursuant to which an affiliate of Blackstone, Inc. will acquire all outstanding common shares of…
Goodmans LLP is acting as Canadian counsel for Yellow Corporation and its subsidiaries in connection with their ongoing recognition proceedings under Part IV of the Companies’ Creditors Arrangement…
Goodmans LLP advised Quayside Impact Limited Partnership (“QILP”), a partnership between Dream Unlimited and Great Gulf, in connection with Waterfront Toronto’s international search for a development…
Goodmans continues to act on behalf of CT REIT in connection with the redevelopment of Canada Square, including negotiating key documents with stakeholders…
We are proud to announce Goodmans LLP has once again been recognized in the 2024 edition of The Canadian Legal Lexpert Directory.91 Goodmans lawyers have been recognized as top-tier in their…
We are pleased to share Goodmans lawyers have been recognized across Who's Who Legal's National Guide: Canada 2023. WWL National Guides identify national or regional leaders in a sector, industry…
We are pleased to announce Goodmans LLP has once again received top tier recognition from The Legal 500 Canada in their 2024 Guide released today. Recognition from The Legal 500 is based on…
