Century 21 Leading Edge Realty Inc. v. Khanna2025 CanLII 150066 (ON SCSM), A recent Ontario Small Claims Court decision provides important guidance for real estate professionals dealing with failed transactions, …
Deposit Forfeiture Following Failed Real Estate Transaction
Brown v. Godfrey, 2006 CanLII 16540 (ON SCDC) In Brown v. Godfrey, the Ontario Divisional Court considered the consequences of a purchaser repudiating an Agreement of Purchase and Sale for …
Buyer Walks Away from $3.2 Million Purchase: $150,000 Deposit Forfeited
Wu v. Charles, 2024 ONSC 947 (CanLII) In Wu v. Charles, the Ontario Superior Court of Justice considered whether a purchaser who failed to close a residential real estate transaction …
Purchaser’s Failure to Close: Damages Award and Forfeiture of Deposit
Kisliuk v. Algai, 2023 ONSC 1841 (CanLII) Background In Kisliuk v. Algai, 2023 ONSC 1841, the Ontario Superior Court of Justice considered the consequences of a purchaser’s failure to complete …
When a Buyer Fails to Close: Forfeiture of $20,000 Deposit
Su v. Hoang, 2017 CanLII 146584 (ON SCSM) A real estate transaction can unravel for many reasons, but when a purchaser refuses to close after signing a firm Agreement of …
New Brunswick Court of Appeal Reaffirms the Law of Deposit Forfeiture
Lockhart v. Glidden, 2026 NBCA 66 One of the most common misconceptions in real estate law is that a Seller can only keep a Buyer’s deposit if the Seller suffers …
Pre-Construction Condominium Agreements: Failure to Deliver the Condominium Guide Can Make the Deal Non-Binding
In Dicenzo (Linden Park) Holdings Inc. v. Sadeghyar, the Ontario Superior Court delivered an important reminder to condominium developers and real estate professionals: The case involved a failed pre-construction condominium …
Deposit Lost: No Matter What
Gagliardi v. Al-Karawi, 2023 ONSC 6853 In Ontario real estate transactions, deposits are often treated as routine, just another line in the Agreement of Purchase and Sale. But the decision …
When a Deal Falls Apart in a Falling Market
Zoleta v. Singh and RE/MAX Twin City Realty 2023 ONSC 5898 The Ontario Superior Court’s decision in Zoleta v. Singh and RE/MAX Twin City Realty is a timely and instructive …
When a Deal Falls Apart: The Deposit Is Lost
Hussain v. Reid’s Heritage Homes Ltd., 2026 ONSC 710 Real estate transactions do not always fail because of bad faith or sharp practice. Sometimes, they collapse because life takes an …