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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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Learn how Section 116 of the Income Tax Act affects non-resident sellers, buyer withholding obligations, holdbacks, and real estate closings in Ontario.
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Learn about the 2026 HST rebates for new homes, including the federal First-Time Home Buyer GST/HST Rebate and Ontario's proposed expanded relief.
Purchasers of newly constructed freehold homes in Ontario should be aware of an important new requirement that may affect their deposit protection rights.
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