“Don’t shoot the messenger”—this must have been the reaction of a licensee against whom two complaints of discrimination under the Human Rights Code were made by another licensee…
Posts tagged with “Buyers Default”
Legally Speaking
Human Rights Code Complaint Against Licensee by Another Licensee; Minor Defect in Comparison With Larger Contract Benefit Didn’t Justify Repudiation #401
Legally Speaking
Mortgage Interest – Claim for Damages Rejected Despite Buyer’s Default #295
The evidence of Ms. Lederman is compelling as to the importance of exposure to the widest possible market through the MLS®. It presents a simple, economical, and effective method…
Legally Speaking
Defaulting Purchaser Regains Deposit #164
The advantages to a vendor of the use of the Norfolk v. Aikens addendum to the standard form contract {Column 155) is apparent from a decision delivered October 24th, 1990, which allowed a defaulting purchaser…
Legally Speaking
Interest – The Criminal Illegal Rate #151
In times like these we might feel that high interest rates are a crime, but they don’t become a crime under the Criminal Code of Canada until the effective annual rate exceeds 60%…
Legally Speaking
Agreements for Sale #68
A recent amendment to the Law and Equity Act may mean that the time-honoured method of selling property by way of an agreement for sale (right to purchase) may cease…
Legally Speaking
A Vendor May Stipulate a Higher Rate of Interest Apply if Default Occurs on the Part of the Purchaser #7
Occasionally, a vendor who has agreed to carry part of the sale price on a mortgage, agrees to take a lower rate of interest than the current rate, because the remaining terms of the sale justify that decision…