(Ontario) Question: A new Client of mine purchased a home and closed just under 4 years ago. The listing when they purchased the home overstated the square footage by just …
Seller Defaults on Closing Time
Seller Defaults on Closing Time; Buyer Deposit Returned While this situation may seem obvious, the matter went to the Ontario Court of Appeal for final determination. This wasn’t a straightforward …
No Pools Allowed: Should the Buyer’s Agent Search Title?
Question: A Buyer purchases a home with no conditions with the intention of putting in a swimming pool only to find out that there are no pools allowed in the …
No Pools Allowed: Is Buyer Stuck?
Question: A Buyer purchases a home with no conditions with the intention of putting in a swimming pool only to find out that there are no pools allowed in the …
Searching Title: Requisitions and Objections Removal
What should be the normal periods? What’s fair and reasonable? What makes sense from the Buyer’s perspective? What makes sense from the Seller’s point of view? Let’s start out with …
Procedure When a Deal Falls Through
Question: The Buyer’s agent indicated in a telephone conversation that the Buyer isn’t able to secure his financing by the end of the conditional period. What happens, if nothing is …
When Does a Seller have to Mitigate in a Defaulted Real Estate Transaction?
This is an interesting question and hundreds of thousands of dollars can turn on the answer. Recently, the Ontario Superior Court of Justice had to consider that question. The Buyers, …
Registration of the Unsigned Offer
Ontario Question: You get a notification from your office that an agent has “registered an offer” on your listing. You don’t see anything in email for an hour. You follow up …
Payment after Power of Sale Listing
Ontario Question: After power of sale proceedings are initiated and when the house is listed can the Owner who “went under” bring his account back to good standings and have …
OREA Condo FORM Reference to Building Number
Question: There is a reference to the Building Number in the standard Form OREA condominium purchase agreement. Is that the municipal address or another number? Answer: The reference to Building …