by James R.G. Cook | Sep 29, 2023 | Legal Issues
QUICK HITS In a collapsing real estate market, buyers who fail to complete a purchase can face substantial liability exceeding their deposit; the case of Switzer v. Petrie arose from a failed real estate transaction in Ontario in July 2022. The buyers backed out due...
by James R.G. Cook | Sep 13, 2023 | Legal Issues
QUICK HITS In Stanley v. Grech, a real estate agent’s alleged professional negligence was examined. The plaintiff purchased a strata lot in Vancouver with the intention of redeveloping it. The agent failed to recommend legal advice, leading to disputes over...
by James R.G. Cook | Sep 6, 2023 | Legal Issues
QUICK HITS In the case of More v. 1362279 Ontario Ltd. (Seiko Homes), a real estate dispute highlighted the importance of understanding closing deadlines in property transactions. When the APS lacks a specified time for closing, midnight is often assumed, but...
by James R.G. Cook | Aug 29, 2023 | Legal Issues
Agreements for the sale of real estate may sometimes require one of the parties to complete certain steps before the transaction can be completed, such as applying for permits or ensuring that the land can be legally conveyed. Disputes may arise over which party has...
by James R.G. Cook | Aug 10, 2023 | Legal Issues
The Ontario Land Titles Act (LTA) provides that a registered mortgage that is determined to be a fraudulent instrument is void and may be deleted from title. This provision is commonly used in circumstances where an imposter has posed as a mortgagor in order to secure...
