I’m the listing agent for a restaurant business sale. The Seller secured the lease and fully renovated the unit using his personal savings without any mortgage financing several decades ago. …
Seller’s Escape Clause: When to Give Notice
Eric wants to sell his house, and Bob wants to buy it, so he puts in an Offer conditional on the sale of his own house. Escape Clause Eric adds …
Solar Blanket: In or Out?
Question: I have an upcoming closing that is causing some issues. Upon visiting the home my clients retrieved a feature sheet that listed numerous upgrades and features of the home. …
Century Home Destroyed by Fire: No Specific Performance
The Buyer had acquire a century home which was destroyed by fire. The Trial Judge determined that the Buyer was not entitled to specific performance because it was no just …
Builder sets Closing One Day Late: No Escape for Buyer
The Ontario Court of Appeal in Ezidiegwu v. Manorgate Homes on 26 February 2025 confirmed: The appeal was dismissed and costs of the appeal were awarded to the Builder at …
Time of the Essence and 9 minutes Late
The Ontario Court of Appeal looked at a case where the delivery of the funds for closing was 9 minutes late. That was unfortunate for the Buyer since the Seller …
Don’t Fall for Commission Reduction Strategies
Question: I have a Listing and I just got a call from a Buyer agent who is presenting an offer and would like to reduce the commission substantially. We are …
Listing Agent’s Notice Obligations
Question: This is a statement in an MLS Listing: “Seller has Right To accept Pre-Emptive offers W/O Notice.” The w/o means “without” Doesn’t the Listing agent have to notify anybody …
One Day Holdover
Question: My Buyer clients are considering allowing the Seller to stay until the day after closing. I suggested they talk to their lawyer but for some reason they never want …
A Decade Since Bhasin v. Hrynew
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 …