Real Estate
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August 09, 2024
Court reaffirms lenders can only compel sale of borrower’s property through sheriff’s sale
Civil litigators would be wise to take note that in Royal Bank of Canada v. Silvaggio (c.o.b. Tony's Mobile Repairs), 2024 ONSC 2749, the court reiterated that in most circumstances, a lender can only compel the sale of a borrower’s property through a sheriff’s sale, unless the lender can meet the high threshold to convince the court otherwise.
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August 08, 2024
Personal-use notice period for homebuyers changing in B.C.
B.C. is amending the personal use-notice period for home purchasers in B.C. to three months to improve conditions for first-time homebuyers while ensuring that tenants have more than two months’ notice to find new housing.
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August 08, 2024
New partner at Sotos LLP
Sotos LLP recently announced the addition of Michael Sabusco as a partner in the firm’s corporate group.
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August 07, 2024
Competition Bureau seeks public comment on interim approach to property controls
The Competition Bureau is seeking public comment on its interim enforcement approach with respect to competitor property controls following recent changes to the Competition Act, which enhanced the bureau’s power to tackle anticompetitive agreements.
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August 07, 2024
Court affirms Ontario Energy Board’s exclusive jurisdiction in substation dispute
The Ontario Superior Court has dismissed an application concerning a dispute over whether certain property developers or a municipal electricity distributor should be required to pay for a new municipal substation, finding that the Ontario Energy Board has exclusive jurisdiction over the matter.
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August 07, 2024
Perfect storm means busy time for mortgage enforcement lawyers
Despite the Bank of Canada's (BOC) recent cuts to the overnight lending rate, bellwether signs suggest a looming spike in mortgage enforcement against defaulting borrowers caught in a perfect storm. That has mortgage enforcement lawyers buckling up for action.
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August 07, 2024
Office managing partner announced at Dentons Vancouver
Dentons announced the appointment of Scott Wilson as office managing partner in the firm’s Vancouver office, effective Aug. 1, 2024.
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August 06, 2024
Value of property a key to proving breach of contract
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.
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August 06, 2024
Edmonton woman sentenced to 12 months in jail for securities breaches
The Alberta Securities Commission (ASC) and the Alberta RCMP Federal Policing Integrated Market Enforcement Team (IMET) have announced that an Edmonton woman has been sentenced to 12 months in jail for fraud.
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August 02, 2024
Ontario Court of Appeal upholds decision quashing property assessment based on potential use
The Ontario Court of Appeal has upheld a decision setting aside property assessment of certain commercial buildings based on their potential use, rejecting arguments that the Assessment Review Board had presumed that the current use of the property was its highest and best use.