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Anticipatory Breach of the Real Estate Agreement
Kormans LLP
March 19, 2020
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Recently the Court of Appeal for Ontario clarified the law on anticipatory breach of an Agreement of Purchase and Sale (APS) of real property.Both the Seller and the Buyer should strictly adhere to the APS. If one of the parties does not close the transaction in accordance with the APS, the breaching party may have negative financial consequences.
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Residential markets alwaysfluctuate and historically are cyclical. Accordingly, it is crucial tounderstand the market at any given time and adapt strategically.
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See what the 2025 Federal Budget means for Canada’s housing market: GST relief, RRSP changes, tax updates, and major construction investments.
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Buying a home is one of life’s most rewarding milestones and at the same time it’s also one of the biggest financial decisions you’ll ever make. Amid the excitement of open houses and offers, it’s easy to overlook one short clause in your Agreement of Purchase and Sale that can make all the difference: the home inspection clause.
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