In 2280570 Ontario Inc. v. Vrisakis, 2017 ONSC 4513 the plaintiff entered into an agreement of purchase and sale with the defendant for the sale of a property. The defendant …
Mareva Injunctions: Cases
In Ontario, there are a couple of noteworthy cases. Azzarello v. Shawqi, 2015 ONSC 6914: In this case, the Ontario Superior Court of Justice granted a Mareva injunction to the …
Mareva Injunctions: A Powerful Tool for Protecting Real Estate Deals
Real estate transactions involve significant investments and complex negotiations. Buyers and Sellers alike are always on the lookout for effective measures to safeguard their interests during the deal-making process. One …
Clause Survival
Septic system that works Question: I want to make sure that the septic works on closing. The Listing agent is striking out “survive and not merge”. I was always under …
Pre-emptive Offers and Notification
Question: If on a listing, the Listing Agent has mentioned that they are taking offers on X date and time but Sellers have the right to take/review any preemptive offers. …
Terminating a Commercial Lease
In most situations the arrangements with respect to the termination of a commercial lease are contained in the Lease itself. However, there are many circumstances where no actual Lease is …
Improper Lease of Premises
Question: A couple are going through a divorce settlement. They are both on the title to various investment properties. The Court has ordered all properties listed for sale immediately. One …
Complaints About Real Estate Agents
There actually is a list. RECO has compiled a list of complaints made to it about real estate agents. Here’s an excerpt from the 2022 Annual Report: “TOP COMPLAINTS Registrants …
Toronto and GTA Markets in April 2023
GTA REALTORS® Release April 2023 Stats May 3, 2023 – The Greater Toronto Area (GTA) housing market continued to tighten in April 2023. On a year-over-year basis, sales edged lower compared …
Lots of Competition Out There
Number of Real Estate Agents There are a lot of people in the real estate business. In fact, 109,627 * (according to RECO 2022 Annual Report) registrants in total as …