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Consequences for Purchasers Who Fail to Close on New Build Condos Under OREA APS In Ontario, the purchase of a pre construction condo is governed by a detailed agreement of purchase and sale that is typically drafted using the Ontario Real Estate Association (OREA) Agreement of Purchase and Sale (APS). This agreement forms a legally binding contract once the buyer signed it, committing the buyer to complete the purchase on the agreed closing date. Unlike resale real estate transactions, a pre construction purchase involves unique risks tied to timelines, financing, and shifting real estate market conditions.
Consequences for Purchasers/Sellers for Failure to Close Under a Standard APS In Ontario real estate transactions, the failure to close under a standard Agreement of Purchase and Sale ("APS") can result in serious legal and financial consequences for both purchasers and sellers. A missed closing date or inability to complete the transaction as agreed often escalates into complex real estate litigation, exposing the parties to significant risk. As real estate litigation lawyers regularly observe, disputes arising from failed closings are among the most contentious and costly forms of property disputes in Ontario.
Obtaining a Judgement in Ontario & The Enforcement Process Thereafter Obtaining a judgement in Ontario is often viewed as the culmination of a civil dispute. However, for many creditors, a judgement is just the beginning of a longer and more complex process. While the court may determine that one party is entitled to compensation, the responsibility of turning that judgement into actual recovery frequently rests with the successful party. Judgement enforcement in Ontario involves a series of procedural steps governed by legislation, court rules, and established principles of civil procedure.
ONTARIO PAY TRANSPARENCY ACT: NEW EMPLOYMENT STANDARDS RULES FOR 2026 Pay Transparency Act Ontario: Learn how new 2026 employment standards affect job postings, pay disclosure, hiring rules, and employer compliance.
PENALTY CLAUSES IN CONTRACTS Learn what a penalty clause is, how it works in Canadian contracts, its enforceability, and key differences from liquidated damages.
THE IMPORTANCE OF SHAREHOLDER AND PARTNERSHIP AGREEMENT Discover the importance of shareholder and partnership agreements to protect interests, prevent disputes, and ensure business stability.
ARBITRATION CLAUSE Learn how an arbitration clause streamlines dispute resolution, ensures confidentiality, and enhances enforceability in commercial contracts.
MAREVA INJUNCTION ONTARIO In Ontario's civil procedure, a Mareva injunction, also referred to as a freezing order or Mareva order, serves as a crucial mechanism for plaintiffs and applicants seeking to prevent the dissipation of a defendant's assets prior to judgement. When properly granted, such an interlocutory injunction ensures that the defendant cannot conceal, transfer, or remove property, thereby protecting the plaintiff's potential right to recovery.
LEGAL CONSIDERATIONS FOR STARTING BUSINESS IN CANADA Starting a business can be exciting, but it involves navigating important legal decisions. From choosing the right business structure to seeking business advice on registrations, permits, and employment obligations, understanding the rules upfront sets you up for success and peace of mind.