Cranberry Cove Tower Inc. et al. v. Monarch Trust Co. et al., [2003] O.T.C. 645 (SC)

• Judge: Cameron, J.
• Court: Superior Court of Justice of Ontario (Canada)
• Case Date: July 10, 2003
• Jurisdiction: Ontario
• Citations: [2003] O.T.C. 645 (SC)

Cranberry Cove Tower v. Monarch Trust, [2003] O.T.C. 645 (SC)

MLB headnote and full text

Temp. Cite: [2003] O.T.C. TBEd. JL.040

Cranberry Cove Tower Inc. and A. Duncan Green (plaintiffs) v. Monarch Trust Company, Stanley Taube, New Digs Resources Ltd., 952418 Ontario Inc., Mark Jeffrey Shoom, trustee, Diana Burt, Terry L. Winchie, Martin Lloyd Rubinoff, Nuray Sakin, Recep Ramadanoff, also known as Recep Ramadanova, National Trust Company, Victor Paul, Albert C. Bond, 991652 Ontario Limited and Laurentian Bank of Canada, trustee for RRSP 204-001-571 (defendants)

(Court File No. 91-CQ-7028CM)

Indexed As: Cranberry Cove Tower Inc. et al. v. Monarch Trust Co. et al.

Court of Ontario

Superior Court of Justice

Cameron, J.

July 10, 2003.

Summary:

This headnote contains no summary.

Mortgages - Topic 8021

Statutory and contractual rights - Sale under power of sale - Validity of sale - General - See paragraphs 1 to 199.

Cases Noticed:

Double D Developments Ltd. v. Green (1979), 24 O.R.(2d) 391 (H.C.), refd to. [para. 145].

Gord Harris Construction Ltd. v. Stern, [1992] O.J. No. 1389 (Gen. Div.), refd to. [para. 145].

Botiuk v. Collison et al. (1979), 26 O.R.(2d) 580 (C.A.), refd to. [para. 147].

Jeffreys v. Dickson (1866), 1 Ch. App. 183, refd to. [para. 172].

Cordoba Developments Inc. v. Montreal Trust Co. (1981), 20 C.P.C. 96 (Ont. H.C.), refd to. [para. 172].

Northern Heights (Sault) Ltd. v. Belgrand Investments Ltd., [1968] 2 O.R. 266 (H.C.), refd to. [para. 172].

Maletta v. Thiessen (1996), 90 O.A.C. 1; 28 O.R.(3d) 251 (Div. Ct.), refd to. [para. 172].

Canada Cement LaFarge Ltd. et al. v. British Columbia Lightweight Aggregate Ltd. et al., [1983] 1 S.C.R. 452; 47 N.R. 191; 145 D.L.R.(3d) 385, refd to. [para. 184].

Statutes Noticed:

Mortgages Act, R.S.O. 1990, c. M-40, sect. 22 [para. 144]; sect. 32 [para. 146]; sect. 35, sect. 36 [para. 148].

Authors and Works Noticed:

C.E.D. - see Canadian Encyclopedic Digest.

Canadian Encyclopedic Digest (Ont.) (3rd Ed. 1977) (1995 Looseleaf), generally [para. 136]; ss. 607, 610 [para. 137].

Falconbridge, Law of Mortgages (4th Ed. 1977), c. 32.1 [para. 136].

Halsbury's Laws of England (4th Ed.), vol. 32, para. 955 [para. 172].

Marriott and Dunn, Practice in Mortgage Actions in Ontario (4th Ed. 1982), ss. 10.23 [para. 136]; 10.24, 10.25 [para. 137]; 24.2 [para. 145].

Counsel:

R. Lee Akazaki and Isana Nagla, for the plaintiffs;

John Marshall and David Di Paolo, for the defendants, National Trust Co. and Albert C. Bond.

This action was heard on May 13-16, 20-23 and 26-28, 2003, before Cameron, J., of the Ontario Superior Court, who released the following decision on July 10, 2003.

Please note: The following judgment has not been edited.