Ontario Law Resources

Park & Jung Resource Centre

Welcome to the Park and Jung Resource Centre! This is where we house all of our videos, articles and other great educational material. Please explore the various parts of the Resource Centre and educate yourself on the law and other relevant material.

Toronto Housing Market Insider

Interviews with experts who shed light on what is happening in the Toronto Housing Market.  Whether you are an investor or a young family looking for your home, tune into the latest insights!

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Lesson Series: How to Prepare a Will

We have produced a free series of videos for parents on how to protect their children if something happens to them.  Watch the videos or read the valuable information in this series.

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Video Law Library

Got a question about an area of law? Check out our Video Law Library for videos that address different topics on the law. We are always updating it!

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Articles

Park & Jung regularly produces insightful articles on different topics relevant to you. Search our archives by category or read the latest articles published by us.

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Are you a parent with young kids?  Learn 4 Reasons Why You Need a Will Teach Me

Latest Articles from Park and Jung

The Truth About Condo Vacancy Rates in

The Truth About Condo Vacancy Rates in Toronto

By | Toronto Housing Market | One Comment

Introduction: The “1.7%” Vacancy Rate

Are vacancy rates really 1.7%?

That’s the reported rate by CMHC – the Canada Mortgage Housing Corporation – as of the end of February, 2015.

This is a very important question, because many people have invested large sums of money into condo units in the hopes of renting it out.

The more I delved into this issue, the murkier it became.

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TORONTO

The Toronto Housing Market Insider Podcast

By | Toronto Housing Market | No Comments
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The Mission of the Toronto Housing Market Podcast

Welcome to the first episode of the Toronto Housing Market Insider podcast. This is a very exciting and also nerve-wracking time in the Toronto real estate scene. Housing prices are at record highs, bidding wars are common, condos are everywhere, and mortgage rates are dirt cheap but hard to access. What’s really going on here?

That’s the mission of this podcast: to cut through the clutter and shed real light on what’s happening.

So who am I, your host, Simon Park?

By day I’m a real estate lawyer and partner with the law firm of Park & Jung LLP in North York. I help clients close the purchase and sale of their homes, as well as refinance their mortgages.

So why am I doing this show?

Perhaps a little about my story will explain why.

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5 Things Potential Home-Buyers Should Consider After the Mortgage Rate Cuts

By | Uncategorized | No Comments

The action is just getting started after the Bank of Canada’s recent interest rate cuts.  The Royal Bank of Canada dropped its five-year fixed rate to 2.84 per cent, sparking talks of a mortgage price war.  In this episode of the Toronto Housing Market Examiner, we list 5 things that potential home buyers should consider in the wake of this news.

The recent bought of interest rate cuts have stirred a frenzy in the Toronto housing market and people are wondering whether this is the time to jump in.  This is a very personal and relevant question for me, because I’m expecting my first child in a few months, and we have to start thinking about a place to raise our family.  I’ve put together a list of 5 things that anyone considering buying a house in the Toronto area should consider.

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How the Interest Rate Cut Has Stirred a Frenzy in the Toronto Housing Market

By | Uncategorized | No Comments

If you haven’t heard, the Bank of Canada dropped a surprise bombshell by cutting its interest rate. This surprise news caught many people off guard, and it has created a whole new bought of speculation about what will happen to the Toronto housing market.

Welcome to the first edition of the Toronto Housing Market Examiner, brought to you by the law firm of Park & Jung LLP, your Toronto real estate lawyers. My name is Simon Park, and I’m the managing partner of Park & Jung. Our mission with the Toronto Housing Market Examiner is to bring meaningful perspective and insight on what’s happening in the Toronto housing market today. For links to all of the articles we mention, make sure to visit our website at www.parkandjung.com. Let’s get started.

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BL 003: How to Leave a Lasting Legacy Beyond Your Physical Assets

By | A Beautiful Life | No Comments

A BEAUTIFUL LIFE LESSON 3:

How to Leave a Lasting Legacy Beyond Your Physical Assets

In the final episode of this trilogy on wills for parents, we take you deeper into the meaning behind this whole process.  Most often the focus with wills is on physical assets and how they get passed down.  Our approach, however, is that the process is more than that.  We try to capture the meaning behind the decisions you make so that your children and beneficiaries will understand and appreciate your insights, and be guided by them.

In this 17-minute episode, you will learn:

What is often lacking in the will planning process
The three stages of grief a child goes through when a parent dies
Three short term actions that affect long term recovery
How a proper will can help a child through recovery and be guided by your memory
Our approach to the will planning process

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BL 002: How a Will Provides For Your Children and Guides Their Decisions

By | A Beautiful Life | No Comments

A BEAUTIFUL LIFE LESSON 2:

How a Will Provides for Your Children and Guides Their Decisions

Most parents want their kids to grow up feeling confident and equipped to pursue their dreams and hopes.  Our job is to instil in them a sense of core values that have been shaped by our unique life experiences and formative influences.  What happens, though, when we’re not around to instil these values in them ourselves?  And how will we provide for them if we’re not here to do so?

In this 14-minute lesson you’ll discover:

The powerful tool that determines how your child will be provided for
How to keep control of your assets away from the government
Five things that would happen to your assets if die without a will
And much more!

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