Grandfield Homes (Kenton) Ltd. v. Li
| Jurisdiction | Ontario |
| Court | Superior Court of Justice of Ontario (Canada) |
| Judge | PINTO J. |
| Citation | 2021 ONSC 2670 |
| Date | 09 April 2021 |
| Docket Number | CV-19-619098 CV-20-636929 |
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8 practice notes
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Gagliardi v. Al-Karawi,
...the following factors: · An attempt to back out of a purchase because of a falling market: Grandfield Homes (Kenton) Ltd. v. Li, 2021 ONSC 2670, at para. · A refusal to pay a modest amount to cover the seller’s additional legal fees: McGregor v. Tucci, 2021 ONSC 4379, at para. 23. · A failu......
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Sunstar Ventures Ltd. v. Conexus Credit Union 2006
...[160] The test for equitable relief from forfeiture was recently summarized by Justice Pinto in Grandfield Homes (Kenton) Ltd. v. Li, 2021 ONSC 2670 at para. 56. It is a two-part test. Firstly, whether the forfeited deposit was out of all proportion to the damages suffered; and secondly, wh......
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Country Wide Homes Upper Thornhill Estates Inc. v. Liu
...sufficed to counter his defense of non-comprehension of the terms of the agreement. Similarly, in Grandfield Homes (Kenton) Ltd. v. Li, 2021 ONSC 2670, the Court held that the buyer was sophisticated and experienced in the real estate market. He had previously purchased several properties b......
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Grandfield Homes (Kenton) LTD. v. Chen
...Q.B.), para. 73 [5] World Land Ltd. v. Daon Development Corp., 1981 CanLII 1140 at para. 76. [6] Grandfield Homes (Kenton) Ltd. v. Li, 2021 ONSC 2670 [7] Affidavit of Barry Zhuang, sworn May 31, [8] Courts of Justice Act, R.S.O. 1990, c. C.43, s. 138; see also Mundell v. 796586 Ontario Ltd.......
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7 cases
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Gagliardi v. Al-Karawi,
...the following factors: · An attempt to back out of a purchase because of a falling market: Grandfield Homes (Kenton) Ltd. v. Li, 2021 ONSC 2670, at para. · A refusal to pay a modest amount to cover the seller’s additional legal fees: McGregor v. Tucci, 2021 ONSC 4379, at para. 23. · A failu......
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Sunstar Ventures Ltd. v. Conexus Credit Union 2006
...[160] The test for equitable relief from forfeiture was recently summarized by Justice Pinto in Grandfield Homes (Kenton) Ltd. v. Li, 2021 ONSC 2670 at para. 56. It is a two-part test. Firstly, whether the forfeited deposit was out of all proportion to the damages suffered; and secondly, wh......
-
Country Wide Homes Upper Thornhill Estates Inc. v. Liu
...sufficed to counter his defense of non-comprehension of the terms of the agreement. Similarly, in Grandfield Homes (Kenton) Ltd. v. Li, 2021 ONSC 2670, the Court held that the buyer was sophisticated and experienced in the real estate market. He had previously purchased several properties b......
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Grandfield Homes (Kenton) LTD. v. Chen
...Q.B.), para. 73 [5] World Land Ltd. v. Daon Development Corp., 1981 CanLII 1140 at para. 76. [6] Grandfield Homes (Kenton) Ltd. v. Li, 2021 ONSC 2670 [7] Affidavit of Barry Zhuang, sworn May 31, [8] Courts of Justice Act, R.S.O. 1990, c. C.43, s. 138; see also Mundell v. 796586 Ontario Ltd.......
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1 firm's commentaries
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Buyers' Liability To Sellers In Aborted Real Estate Transactions - Part 2
...while unfortunate, is not a basis to withdraw from a binding contract to purchase a property. In Grandfield Homes (Kenton) Ltd. v. Li, 2021 ONSC 2670 (CanLII), the buyer entered into an APS in May 2017 to buy a new construction five-bedroom freehold luxury home in Toronto for $3,290,708. Th......
