The Supreme Court of Canada released its decision in Bhasin v. Hrynew late in the afternoon on 13 November 2014. That meant that no one really “knew” about it until the next day, the 14th. That’s when I first learned about it and was somewhat in shock, so I had to real it several times before I was sure of it’s meaning.
So, I didn’t publish anything until the 15th of November 2014. That was the date when I published it in the OREA Forum, (now eliminated since OREA left the educational business), my own website blog (now removed since Lone Wolf decided to get out of the website business), and at least three real estate Facebook sites, including Real Estate Hacks, Real Estate Corner and Real Estate 2.0.
So, for many in the real estate business the 15th is the 10 year anniversary!
Given the fact that the Supreme Court of Canada introduced a new common law principle, I would have expected this to receive a great deal of publicity. It didn’t, and in fact, it took almost a year for the case to appear on many law firm websites.
The Court concluded that that there was a general organizing principle of “good faith” and that parties to a contract are committed to good faith performance of that contract.
Brian Madigan LL.B., Broker