Residential Real Estate Property

In 1931, I. conveyed land containing a gravel pit to B. and M., who purchased the land solely to obtain the gravel. At the same time, the parties entered into an agreement giving I. the “first option to purchase” the land for $1.00 once the gravel had been removed. However, the agreement gave B. and… Continue reading 2123201 Ontario Inc. v. Israel Estate, 2016 ONCA 409


The parties entered into an agreement of purchase and sale for a commercial condominium. The agreement provided that if the purchase defaulted, the deposit funds were forfeited to the vendor as liquidated damages. The precise closing date was left to the vendor to set. The purchaser paid deposits totaling $40,000, and a further $31,999.50 on… Continue reading 2336574 Ontario Inc. v. 1559586 Ontario Inc., 2016 ONSC 2467