by James R.G. Cook | Dec 19, 2024 | Legal Issues
QUICK HITS When the buyers of a $937,400 home backed out of the deal, they claimed the contract was void because deadlines had been missed. The court found that their actions—like paying deposits and not cancelling the agreement earlier—showed they intended to...
by James R.G. Cook | Dec 3, 2024 | Legal Issues
QUICK HITS In Ali v. Patel, the Ontario Superior Court ruled that no binding agreement of purchase and sale was formed because the seller’s inclusion of Schedule B, which was not signed by the buyer, constituted a counteroffer rather than acceptance of the...
by James R.G. Cook | Nov 22, 2024 | Legal Issues
Cases arising from failed residential real estate transactions in a falling market reaffirm that buyers who breach purchase agreements may face significant financial repercussions. Often, buyers argue that sellers have failed to mitigate losses by not re-listing the...
by James R.G. Cook | Nov 7, 2024 | Columnists, Legal Issues
QUICK HITS In Langen v. Sharma, buyers who agreed to purchase a $2.9-million home later discovered discrepancies in the listing’s tax and square footage information, affecting their financing. They requested a price reduction and an extension, which the sellers...
by James R.G. Cook | Oct 29, 2024 | Columnists, Legal Issues
QUICK HITS A Realtor misrepresented the location of a new-build property to buyers, leading them to believe it was in Brampton when it was actually in Caledon, three kilometres away. After discovering the mistake, the buyers sued, and the Ontario Court of...
