Value of property a key to proving breach of contract

By James R.G. Cook (August 6, 2024, 2:41 PM EDT) -- In cases where sellers have failed to complete a binding agreement for the sale of property, the buyers may understandably assume that they have a valid claim for breach of contract. Buyers should nevertheless carefully assess the prospect and evidentiary burden of proving that damages resulted from the breach. A key factor in such an assessment should be the value of the property as of the date of the breach of contract, as demonstrated by the trial decision in 2511899 Ontario Inc. v. 2221465 Ontario Inc., 2024 ONSC 4159....