Toronto and GTA Markets in August 2022

Prices down 20% since February but the same as August 2021 This is the recently released report of the Toronto Regional Real Estate Board concerning the August 2022 results: “September …

Merger of Executory Contracts

Doctrine of Merger Let’s say you are about to buy a farm! It doesn’t all happen at once. First, you submit an Offer; that results in an Agreement. Second, the …

Privity: Contract and Estate

Privity of Contract This is the precise relationship between two parties to a contract. They each have rights to sue one another because they have “privity of contract” An independent …

Preference for Warranty Clauses

Consider the following type of clause: “The Seller represents and warrants to the best of his knowledge and belief that the swimming pool and equipment are now, and on the …

One Attempt at Financing is Not Enough

The Supreme Court in British Columbia just considered a case involving attempts to secure financing Drover v. Steer (15 October 2018). Clifford Drover worked for the Canadian Military. He was …

Disposing of Files in Ontario

Question: When can I finally throw things out? I have been in the real estate business for twenty years. What do you have to physically keep when it comes to …