Purchase of Real Property and the “Lawyer Approval” Clause

In recent years, some Canadian cities have experienced a dynamic shift in their housing market. Market factors such as a strong global economy, an increased desire amongst foreign buyers to own Canadian real property, the influx of out…

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Update on who gets to keep the Deposit

As an update to our prior posting on this matter, the British Columbia Court of Appeal have recently considered another factual scenario where the purchaser failed to complete on a contract of purchase and sale in the case…

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Who keeps the Deposit when the Purchaser fails to complete?

A recent Court of Appeal judgement, Tang v. Zhang, has moved towards clarifying the law surrounding the forfeiture of deposits in British Columbia real estate transactions when the purchaser fails to complete.  The case in question involved a…

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An Oil Tank Surprise

In a recent case from the Supreme Court of British Columbia, A Speedy Solutions Oil Tank Removal Inc. v. Horvath Estate the Executor of the Horvath Estate had entered into a contract to sell the estate real property…

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