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1. www.gilbertsondavis.com › breach-of-agreement-ofBreach of Agreement of Purchase and Sale – What are Your ...

   www.gilbertsondavis.com › breach-of-agreement-of

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   Oct 29, 2021 · The Ontario Court of Appeal (ONCA) in Ching v. Pier 27 Toronto Inc., 2021 ONCA 551 (CanLII), recently outlined the options an innocent party to an agreement of purchase and sale (APS) has upon the other party breaching (i.e. repudiating) the APS. General Principles.

2. baderlaw.ca › blogs-news › remedies-for-breach-of-anEnforcing Agreements of Purchase and Sale in Ontario - Bader Law

   baderlaw.ca › blogs-news › remedies-for-breach-of-an

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   Mar 5, 2024 · If an agreement of purchase and sale is breached by a seller, a buyer may seek to enforce the contract through specific performance.

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4. prudentlaw.ca › specific-performance-a-remedy-forSpecific Performance & Breach of an Agreement of Purchase & Sale

   prudentlaw.ca › specific-performance-a-remedy-for

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   Sep 4, 2020 · When parties enter into an Agreement of Purchase and Sale (APS) for a residential property, there are consequences for breaching the agreement by failing to complete the transaction. Often, it will be the purchaser who breaches an agreement, due to a failure to secure sufficient funds on time.

   • 5/5 (48)
   • Phone: (905) 361-9789

   • Location: #360-4 Robert Speck Parkway, Mississauga, L4Z 1S1, ON

5. www.gillmulholland.ca › blog › sellers-breach-of-theSELLER’S BREACH OF THE PURCHASE AND SALE AGREEMENT ... - Gill

   www.gillmulholland.ca › blog › sellers-breach-of-the

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   Apr 5, 2022 · When a seller is unable or unwilling to close on the sale of a home, the buyer may need to respond quickly. If you are a realtor, recommend the buyer obtain legal assistance without delay, especially if it is unlikely the buyer will be able to purchase a comparable home.

   • Author: Matt Mulholland
   • Phone: (416) 703-1900

   • Location: 340 King Street East, 4th Floor, North Elevator Toronto, ON, M5A 1K8 Canada
   • Email: info@gmllp.ca

6. boglaw.ca › mitigation-of-damages-following-breachMitigation of Damages Following Breach of Agreement of ...

   boglaw.ca › mitigation-of-damages-following-breach

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   Feb 16, 2021 · A buyer cannot argue with the resale value obtained by the seller, unless: The buyer provides their own market evaluation or expert evidence from a realtor about the value of the Property and that that the seller could have obtained a higher price whether through exposing the property more widely or taken additional marketing steps; and

7. www.michaelsfirm.ca › blog › backing-out-of-anBacking out of an Ontario Agreement of Purchase and Sale

   www.michaelsfirm.ca › blog › backing-out-of-an

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   Oct 21, 2018 · Two recent Superior Court decisions should serve as a reminder that backing out of a signed (and enforceable, which is not always the case) Agreement of Purchase and Sale (APS) for a property can prove costly.

8. People also ask

   What happens if you breach an agreement of purchase and sale?

   • When parties enter into an Agreement of Purchase and Sale (APS) for a residential property, there are consequences for breaching the agreement by failing to complete the transaction. Often, it will be the purchaser who breaches an agreement, due to a failure to secure sufficient funds on time.

   Specific Performance & Breach of an Agreement of Purchase & Sale

   prudentlaw.ca/specific-performance-a-remedy-for-breach-of-agreement-of-purchase-sale/

   See all results for this question

   What happens if you don't close a purchase and sale agreement?

   • As these cases indicate, failing to close upon an Agreement of Purchase and Sale can be costly for buyers and sellers alike. If you’re thinking about backing out of a signed agreement of Purchase and Sale, or if another party has breached its agreement with you, contact the lawyers at Michael’s firm for a consultation.

   Backing out of an Ontario Agreement of Purchase and Sale

   www.michaelsfirm.ca/blog/backing-out-of-an-ontario-agreement-of-purchase-and-sale-what-you-should-know/

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   Can a buyer compel a sale?

   • If the buyer’s goal is to enforce the Agreement of Purchase and Sale, speed is of the essence. That said, just because the seller breached the Agreement of Purchase and Sale and the buyer wants to compel the sale, it does not mean that a court is going to grant this relief.

   SELLER’S BREACH OF THE PURCHASE AND SALE AGREEMENT: CAN TH…

   www.gillmulholland.ca/blog/sellers-breach-of-the-purchase-and-sale-agreement-can-the-innocent-buyer-force-the-sale

   See all results for this question

   Should you back out of an agreement of purchase and sale?

   • Two recent Superior Court decisions should serve as a reminder that backing out of a signed (and enforceable, which is not always the case) Agreement of Purchase and Sale (APS) for a property can prove costly. In Bang v. Sebastian, 2018 ONSC 6226 (CanLII), Sebastian agreed to purchase Bang’s Mississauga property for

   Backing out of an Ontario Agreement of Purchase and Sale

   www.michaelsfirm.ca/blog/backing-out-of-an-ontario-agreement-of-purchase-and-sale-what-you-should-know/

   See all results for this question

   What happens if a seller does not meet their obligations?

   • If a seller cannot meet their obligations under the Agreement of Purchase in Sale, they may be in breach. The seller may also back out of the transaction, possibly due to another higher offer or seller’s remorse.

   Remedies for Breach of an Agreement of Purchase and Sale

   baderlaw.ca/blogs-news/remedies-for-breach-of-an-agreement-of-purchase-and-sale/

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   Can a buyer force the sale of a home?

   • However, if the buyer wants to force the sale of the home, rather than seek damages, then the buyer must move quickly as the seller may enter into a new agreement with a third party. The first thing a buyer needs to do is obtain leave to register a Certificate of Pending Litigation ("CPL").

   SELLER’S BREACH OF THE PURCHASE AND SALE AGREEMENT: CAN TH…

   www.gillmulholland.ca/blog/sellers-breach-of-the-purchase-and-sale-agreement-can-the-innocent-buyer-force-the-sale

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9. www.moneysense.ca › spend › real-estateWhat happens when a buyer backs out of a real estate deal?

   www.moneysense.ca › spend › real-estate

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   Aug 30, 2022 · Signing a purchase agreement and then failing to close can have serious financial consequences—and courts don’t take it lightly. When it comes to backing out of a real estate deal, the law ...