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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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Good news for first-time home buyers! On May 27, 2025, legislative proposals were introduced in the Parliament to amend the Excise Tax Act by creating a new GST rebate specifically for first-time home buyers.
Purchasing a condominium in Ontario demands more than selecting the right unit! One of the most important aspects of this transaction is a thorough review of the status certificate.
As part of a commercial real estate sale transaction, our office often gets retained during the early part of the transaction in order to review the Agreement of Purchase and Sale (the “APS”).
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