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

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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 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.

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     What action If Buyer / Seller Breaches Sale Agreement or Fail to honor the terms of Sale Agreement ?

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     Breach of Real Estate Contract by Buyer

     Nov 6, 2021

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     Sales Chapter 6 Actions for Breach of Contract of Sale of Goods

     Apr 27, 2021

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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.

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5. www.nirmanslaw.com › 2023/10/02 › understanding-theUnderstanding the Terms in an Orea Agreement of Purchase and ...

   www.nirmanslaw.com › 2023/10/02 › understanding-the

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   Oct 2, 2023 · Need help understanding an OREA Agreement of Purchase and Sale for a Condominium Resale? Learn more about the common conditions that buyers and sellers should be aware of prior to signing this document in order to protect their rights.

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 · After several months, the seller resold the property for $1,242,964.11. The buyers did not dispute that they were in breach of the Agreement. They rested their case on the seller’s failure to get a higher resale price. The court agreed with the seller and awarded it judgment for $353,582.28.

7. davylaw.ca › agreement-of-purchase-and-sale-explainedAgreement of Purchase and Sale Explained - DavyLaw

   davylaw.ca › agreement-of-purchase-and-sale-explained

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   Jan 12, 2024 · Today, we will go over the Ontario Real Estate Association (OREA) Agreement of Purchase and Sale for resale properties and discuss each clause proposed by OREA and what rights and obligations the agreement imposes on both the buyer and the seller.

8. People also ask

   What happens if a buyer breaches the agreement of purchase and sale?

   • This breach constitutes an immediate breach of the Agreement of Purchase and Sale (APS) and the seller can deem that transaction at an end. Although the buyer breached the contract shortly after signing, the seller is still entitled to the deposit.

   Real Estate Contract Breaches in Ontario| Nava Wilson Blog

   navawilson.law/breach-of-real-estate-contracts/

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   Can a seller re-List A property if a buyer breaches a contract?

   • Although the buyer breached the contract shortly after signing, the seller is still entitled to the deposit. That means the seller could re-list the property and enter into an agreement to sell to someone else for a higher price and still go after the purchaser for the deposit.

   Real Estate Contract Breaches in Ontario| Nava Wilson Blog

   navawilson.law/breach-of-real-estate-contracts/

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   What is a breach of contract in real estate?

   • In the complex world of real estate transactions, agreements are vital for outlining the terms and conditions between buyers and sellers. When one party fails to uphold their obligations, it results in a breach of contract.

   Real Estate Contract Breaches in Ontario| Nava Wilson Blog

   navawilson.law/breach-of-real-estate-contracts/

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   What happens if a seller backs out of a sale?

   • The seller may also back out of the transaction, possibly due to another higher offer or seller’s remorse. In that case, the buyer may be able to rely on any specific clauses in the Agreement of Purchase and Sale that require the seller to rectify the situation, or the buyer may choose litigation. The latter will be discussed further.

   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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   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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   What happens if one party breaches a contract?

   • If one party breaches the contract, the other can sue for specific performance, asking the court to compel the breaching party to fulfill the contract’s terms. This would be the primary option for the buyer if they wanted to compel the seller to complete the transaction.

   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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9. navawilson.law › breach-of-real-estate-contractsReal Estate Contract Breaches in Ontario| Nava Wilson Blog

   navawilson.law › breach-of-real-estate-contracts

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   This breach constitutes an immediate breach of the Agreement of Purchase and Sale (APS) and the seller can deem that transaction at an end. Although the buyer breached the contract shortly after signing, the seller is still entitled to the deposit.