Centurion Farms Ltd. v. Citifinancial Canada Inc., [2013] O.A.C. Uned. 56 (CA)

JurisdictionOntario
JudgeArmstrong, Blair and Pepall, JJ.A.
CourtCourt of Appeal (Ontario)
Subject MatterPRACTICE,MORTGAGES
Citation[2013] O.A.C. Uned. 56 (CA),2013 ONCA 79,[2013] O.A.C. Uned. 56
Date28 January 2013
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13 practice notes
  • Court Of Appeal Summaries (January 24-28, 2022)
    • Canada
    • Mondaq Canada
    • February 1, 2022
    ...v. Waterloo (City), 2020 ONCA 96, Di Trapani v. 9706151 Canada Ltd., 2019 ONSC 7311, Centurion Farms Ltd. v. Citifinancial Canada Inc., 2013 ONCA 79, Gowling Lafleur Henderson LLP, Marriott and Dunn: Practice in Mortgage Remedies in Ontario, looseleaf, 5th ed. (Toronto: Carswell, 1995) Shor......
  • Court Of Appeal Summaries (January 24-28, 2022)
    • Canada
    • Mondaq Canada
    • February 1, 2022
    ...v. Waterloo (City), 2020 ONCA 96, Di Trapani v. 9706151 Canada Ltd., 2019 ONSC 7311, Centurion Farms Ltd. v. Citifinancial Canada Inc., 2013 ONCA 79, Gowling Lafleur Henderson LLP, Marriott and Dunn: Practice in Mortgage Remedies in Ontario, looseleaf, 5th ed. (Toronto: Carswell, 1995) Shor......
  • Court Of Appeal Summaries (November 16 ' November 20, 2020)
    • Canada
    • Mondaq Canada
    • November 24, 2020
    ...2015 ONCA 436, Circuit World Corporation v Lesperance (1997), 33 OR (3d) 674 (Ont CA), Centurion Farms Ltd v Citifinancial Canada Inc, 2013 ONCA 79, Manufacturers Life Co v Granada Investments Ltd (2001), 150 OAC 253 (Ont CA), Oak Orchard Developments Ltd v Iseman, [1987] OJ No 361 (Ont HC)......
  • Bank of Montreal v 9310088 Canada Inc.,
    • Canada
    • Superior Court of Justice of Ontario (Canada)
    • April 15, 2024
    ...date of the sale: Bank of Nova Scotia v. Scholaert, 2017 ONSC 5960 at para 23 citing Centurion Farms Ltd. v. Citifinancial Canada Inc., 2013 ONCA 79 at para 46 The Defendants provided no case authority for a duty of care requiring a secured creditor to realize on assets before suing on the ......
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10 cases
  • Bank of Montreal v 9310088 Canada Inc.,
    • Canada
    • Superior Court of Justice of Ontario (Canada)
    • April 15, 2024
    ...date of the sale: Bank of Nova Scotia v. Scholaert, 2017 ONSC 5960 at para 23 citing Centurion Farms Ltd. v. Citifinancial Canada Inc., 2013 ONCA 79 at para 46 The Defendants provided no case authority for a duty of care requiring a secured creditor to realize on assets before suing on the ......
  • 2257573 Ontario Inc. v. Furney, 2020 ONCA 742
    • Canada
    • Court of Appeal (Ontario)
    • November 19, 2020
    ...precautions to obtain the true market value of the Properties as of the date of sale: Centurion Farms Ltd. v. Citifinancial Canada Inc., 2013 ONCA 79, at para. 4; Manufacturers Life Co. v. Granada Investments Ltd. (2001), 150 O.A.C. 253 (C.A.), at para. 67, leave to appeal refused, [2001] S......
  • D'Amico v. Claveau,
    • Canada
    • Superior Court of Justice of Ontario (Canada)
    • April 25, 2023
    ...to obtain true market value of the property as of the date of the sale”: Centurion Farms Ltd. v. Citifinancial Canada Inc., 2013 ONCA 79 at para. 4. See also Armanasco v. Linderwood Holdings Inc., 2016 ONSC 1605. The mortgagee does not have a duty to actually obtain the true market v......
  • The Bank of Nova Scotia v. Scholaert, 2017 ONSC 5960
    • Canada
    • Superior Court of Justice of Ontario (Canada)
    • October 5, 2017
    ...to obtain the true market value of the property as of the date of the sale": Centurion Farms Ltd. v. Citifinancial Canada Inc., 2013 ONCA 79 at para. 4. [24]In Bank of Montreal v. Zaffino, 2013 ONSC 3090 (Sup. Ct.) at para. 39, this Court confirmed that the defendant has the burde......
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3 firm's commentaries
  • Court Of Appeal Summaries (January 24-28, 2022)
    • Canada
    • Mondaq Canada
    • February 1, 2022
    ...v. Waterloo (City), 2020 ONCA 96, Di Trapani v. 9706151 Canada Ltd., 2019 ONSC 7311, Centurion Farms Ltd. v. Citifinancial Canada Inc., 2013 ONCA 79, Gowling Lafleur Henderson LLP, Marriott and Dunn: Practice in Mortgage Remedies in Ontario, looseleaf, 5th ed. (Toronto: Carswell, 1995) Shor......
  • Court Of Appeal Summaries (January 24-28, 2022)
    • Canada
    • Mondaq Canada
    • February 1, 2022
    ...v. Waterloo (City), 2020 ONCA 96, Di Trapani v. 9706151 Canada Ltd., 2019 ONSC 7311, Centurion Farms Ltd. v. Citifinancial Canada Inc., 2013 ONCA 79, Gowling Lafleur Henderson LLP, Marriott and Dunn: Practice in Mortgage Remedies in Ontario, looseleaf, 5th ed. (Toronto: Carswell, 1995) Shor......
  • Court Of Appeal Summaries (November 16 ' November 20, 2020)
    • Canada
    • Mondaq Canada
    • November 24, 2020
    ...2015 ONCA 436, Circuit World Corporation v Lesperance (1997), 33 OR (3d) 674 (Ont CA), Centurion Farms Ltd v Citifinancial Canada Inc, 2013 ONCA 79, Manufacturers Life Co v Granada Investments Ltd (2001), 150 OAC 253 (Ont CA), Oak Orchard Developments Ltd v Iseman, [1987] OJ No 361 (Ont HC)......

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