No matter who you are or where you are (in Canada), you have a legal obligation to disclose any issues pertaining to your home upon selling. Put yourself in the buyer's shoes. Wouldn't you want to know if there was a homicide or a grow op or death caused by a fire? These situations do not only have financial implications but emotional ones as well.
There was an article in a major publication on Tuesday September 13th regarding a home that was used in the past as a grow op that was sold (without disclosure) and in turn left the buyers with a major financial setback having to repair the house. There were legal ramifications to the seller; they had to award damages (a substantial amount of money) to the buyer.
Now, I want to make something clear...if your home was used as a grow up in the past you must disclose this. If there was a crime committed or any illegal action taking place in the home you must disclose this. If there was a fire and the house suffered major damages and you have put thousands of dollars into renos....you still have to disclose this. Let's just say you HAVE to disclose EVEY THING no matter how long ago the event took place. If you know about it....you had better disclose it or the consequences could be quite dramatic (costly and time consuming).
It is for the seller's benefit to do this. The more honest you are, the better the buyer feels and in turn you will be establishing confidence in the transaction. Doesn't that sound good to you?
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