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Purchasers Should Look at Possible Barriers That Can Arise on a Resale When Buying a Home
When buying real property, a potential purchaser should always have an eye to the future resale of the property. While resale value is the obvious concern, purchasers should also be mindful of any possible barriers to resale that maybe be...
How Partial Truths May Lead to a Finding of Misrepresentation
In Meridian Credit Union Limited v. Baig, 2014 CarswellOnt 11251 (S.C.J.), Meridian held a first mortgage on the property of 984 Bay Street Inc. After 984 Bay Street Inc. defaulted on its loan obligations, Meridian obtained an order appointing KPMG...
Does a Seller Have to Wait for a Better Market to Sell their Property in Order to Mitigate Their Damages Where
In Briscoe-Montgomery v. Kelly, 2014 CarswellOnt 9707 (S.C.J.), the plaintiffs sold their hobby farm to the defendant for the sum of $458,000. The closing was scheduled for September 14, 2012. The defendant failed to close because of lack of financing....