“Time is of the Essence” in real estate transactions
A recent unanimous decision of the Ontario Court of Appeal[1] (“ONCA”) examined the meaning of a “time is of the essence” clause in an agreement of purchase and sale and the right of a non-defaulting party to terminate the agreement […]
Changes to Real Property Matters: s.194 of the Education Act and O. Reg. 374/23
The Better Schools and Student Outcomes Act, 2023, S.O. 2023, c. 11 has come into force with respect to the newly imposed powers of the province in acquisitions and dispositions of school board property. Beginning December 31, 2023, considerable changes […]
