Logozzo v. TD Bk., (1999) 126 O.A.C. 59 (CA)

JudgeGoudge, Borins and MacPherson, JJ.A.
CourtCourt of Appeal (Ontario)
Case DateAugust 13, 1999
JurisdictionOntario
Citations(1999), 126 O.A.C. 59 (CA)

Logozzo v. TD Bk. (1999), 126 O.A.C. 59 (CA)

MLB headnote and full text

Temp. Cite: [1999] O.A.C. TBEd. NO.014

Rodney Logozzo (applicant/respondent in appeal) v. The Toronto-Dominion Bank (respondent/respondent in appeal) and Leif Grann (third party/appellant in appeal)

(C31306)

Indexed As: Logozzo v. Toronto-Dominion Bank

Ontario Court of Appeal

Goudge, Borins and MacPherson, JJ.A.

November 3, 1999.

Summary:

A mortgagee entered into an agreement of purchase and sale of a property pursuant to its power of sale contained in the mortgage. The mortgagor applied for a declaration that he had the right to redeem the property prior to the closing date.

The Ontario Court (General Division), in a judgment reported at (1999), 83 O.T.C. 231, allowed the mortgagor's ap­plication. The proposed purchaser appealed.

The Ontario Court of Appeal, Goudge, J.A., dissenting, allowed the appeal.

Mortgages - Topic 4602

Redemption of mortgage - General prin­ciples - When available - A mortgagee entered into an agreement of purchase and sale of a property pursuant to its power of sale contained in the mortgage - The mort­gagor sought to redeem the property prior to the closing date of the transaction pur­suant to s. 22(1)(a) of the Mortgages Act -The Ontario Court of Appeal held that acceptance of the offer to purchase was a sale within the meaning of s. 22(1)(a) and put an end to the mortgagor's right to redeem - Moreover, the mortgagor had not fulfilled the necessary condition precedent to engaging s. 22(1)(a) as he failed to tender the amount due to discharge the mortgage - Also, the agreement of pur­chase and sale was not conditional, even though it contained an acknowledgment of the mortgagor's right of redemption up to a particular time, namely, the date of waiver or termination of the purchaser's right to raise objections to title - See para­graphs 1 to 56.

Mortgages - Topic 4614

Redemption of mortgage - General prin­ciples - When right expires - [See Mort­gages - Topic 4602 ].

Cases Noticed:

Mission Construction Ltd. v. Seel In­vestments Ltd., [1973] 2 O.R. 190 (H.C.), refd to. [para. 23].

Daniels (Theodore) Ltd. v. Income Trust Co. (1982), 37 O.R.(2d) 316 (C.A.), refd to. [para. 25].

Standard Realty Co. v. Nicholson (1911), 24 O.L.R. 46 (K.B.), refd to. [para. 26].

Waring (Lord) v. London & Manchester Assurance Co., [1935] 1 Ch. 310, refd to. [para. 29].

Van Minnen Construction Ltd. v. Murphy (1977), 19 O.R.(2d) 125 (H.C.), refd to. [para. 33].

Scarborough (Township) v. Greater Tor­onto Investments Corp. (1956), 4 D.L.R.(2d) 396 (Ont. C.A.), refd to. [para. 35].

National Trust Co. v. Saad (1997), 33 O.R.(3d) 419; 10 R.P.R.(3d) 145 (Gen. Div.), dist. [para. 37].

Nalisa Investments Ltd. v. National Bank of Canada (1980), 28 Chitty's L.J. (Ont. H.C.), refd to. [para. 42].

Property & Bloodstock Ltd. v. Emerton, [1968] 1 Ch. 94 (C.A.), refd to. [para. 52].

London Drugs v. Kuehne & Nagle Interna­tional Ltd. et al. - see London Drugs Ltd. v. Brassart and Vanwinkel.

London Drugs Ltd. v. Brassart and Van­winkel, [1992] 3 S.C.R. 299; 143 N.R. 1; 18 B.C.A.C. 1; 31 W.A.C. 1; 97 D.L.R.(4th) 261, refd to. [para. 54].

Fraser River Pile & Dredge Ltd. v. Can-Dive Services Ltd. (1999), 245 N.R. 88; 127 B.C.A.C. 287; 207 W.A.C. 287 (S.C.C.), refd to. [para. 54].

Statutes Noticed:

Mortgages Act, R.S.O. 1990, c. M-40, sect. 22(1) [para. 5].

Authors and Works Noticed:

Falconbridge on Mortgages (4th Ed. 1977), pp. 721 to 722 [para. 22].

Counsel:

Michael Carter, for the appellant;

Walter Wieckowski, for the respondent, Logozzo;

B. Paul Jasiuara, for the respondent, Tor­onto-Dominion Bank.

This appeal was heard on August 13, 1999, before Goudge, Borins and MacPherson, JJ.A., of the Ontario Court of Appeal. On November 3, 1999, the decision of the court was released and the following opinions were filed:

Borins, J.A. (MacPherson, J.A., con­curring) - see paragraphs 1 to 56;

Goudge, J.A., dissenting - see paragraphs 57 to 79.

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4 practice notes
  • Hornstein v. Gardena Prop. Inc., [2005] O.T.C. 714 (SC)
    • Canada
    • Ontario Superior Court of Justice of Ontario (Canada)
    • July 27, 2005
    ...[para. 54]. 618469 Ontario Ltd. v. Szanto, [1990] O.J. No. 2407 (Gen. Div.), refd to. [para. 54]. Logozzo v. Toronto-Dominion Bank (1999), 126 O.A.C. 59; 45 O.R.(3d) 737 (C.A.), refd to. [para. Arnold v. Bronstein, [1971] 1 O.R. 467 (H.C.), refd to. [para. 56]. Authors and Works Noticed: Du......
  • 1016824 Ontario Ltd. v. Broadhurst et al., [2004] O.T.C. 1125 (SC)
    • Canada
    • Ontario Superior Court of Justice of Ontario (Canada)
    • December 21, 2004
    ...Cases Noticed: Arnold v. Bronstein et al., [1971] 1 O.R. 467 (H.C.), refd to. [para. 7, footnote 7]. Logozzo v. Toronto-Dominion Bank (1999), 126 O.A.C. 59; 45 O.R.(3d) 737 (C.A.), refd to. [para. 7, footnote Patrick Di Monte, for the plaintiff; Roy Wise, for the defendant, John Baranyai. T......
  • Hornstein v. Gardena Prop. Inc., (2006) 212 O.A.C. 203 (CA)
    • Canada
    • Ontario Court of Appeal (Ontario)
    • June 12, 2006
    ...(Div. Ct.), refd to. [para. 7]. Arnold v. Bronstein, [1971] 1 O.R. 467 (H.C.), refd to. [para. 9]. Logozzo v. Toronto-Dominion Bank (1999), 126 O.A.C. 59; 45 O.R.(3d) 737 (C.A.), refd to. [para. Daniels (Theodore) Ltd. v. Income Trust Co. (1982), 37 O.R.(2d) 316 (C.A.), refd to. [para. 9]. ......
  • Girard v. MCAP Service Corp., [2004] O.T.C. 323 (SC)
    • Canada
    • Ontario Superior Court of Justice of Ontario (Canada)
    • March 24, 2004
    ...Hotel California Holdings Ltd. v. Grossman (1980), 11 R.P.R. 66 (Ont. H.C.), refd to. [para. 17]. Logozzo v. Toronto-Dominion Bank (1999), 126 O.A.C. 59; 45 O.R.(3d) 737 (C.A.), consd. [para. RJR-MacDonald Inc. et Imperial Tobacco Ltd. v. Canada (Procureur général), [1994] 1 S.C.R. 311; 164......
4 cases
  • Hornstein v. Gardena Prop. Inc., [2005] O.T.C. 714 (SC)
    • Canada
    • Ontario Superior Court of Justice of Ontario (Canada)
    • July 27, 2005
    ...[para. 54]. 618469 Ontario Ltd. v. Szanto, [1990] O.J. No. 2407 (Gen. Div.), refd to. [para. 54]. Logozzo v. Toronto-Dominion Bank (1999), 126 O.A.C. 59; 45 O.R.(3d) 737 (C.A.), refd to. [para. Arnold v. Bronstein, [1971] 1 O.R. 467 (H.C.), refd to. [para. 56]. Authors and Works Noticed: Du......
  • 1016824 Ontario Ltd. v. Broadhurst et al., [2004] O.T.C. 1125 (SC)
    • Canada
    • Ontario Superior Court of Justice of Ontario (Canada)
    • December 21, 2004
    ...Cases Noticed: Arnold v. Bronstein et al., [1971] 1 O.R. 467 (H.C.), refd to. [para. 7, footnote 7]. Logozzo v. Toronto-Dominion Bank (1999), 126 O.A.C. 59; 45 O.R.(3d) 737 (C.A.), refd to. [para. 7, footnote Patrick Di Monte, for the plaintiff; Roy Wise, for the defendant, John Baranyai. T......
  • Hornstein v. Gardena Prop. Inc., (2006) 212 O.A.C. 203 (CA)
    • Canada
    • Ontario Court of Appeal (Ontario)
    • June 12, 2006
    ...(Div. Ct.), refd to. [para. 7]. Arnold v. Bronstein, [1971] 1 O.R. 467 (H.C.), refd to. [para. 9]. Logozzo v. Toronto-Dominion Bank (1999), 126 O.A.C. 59; 45 O.R.(3d) 737 (C.A.), refd to. [para. Daniels (Theodore) Ltd. v. Income Trust Co. (1982), 37 O.R.(2d) 316 (C.A.), refd to. [para. 9]. ......
  • Girard v. MCAP Service Corp., [2004] O.T.C. 323 (SC)
    • Canada
    • Ontario Superior Court of Justice of Ontario (Canada)
    • March 24, 2004
    ...Hotel California Holdings Ltd. v. Grossman (1980), 11 R.P.R. 66 (Ont. H.C.), refd to. [para. 17]. Logozzo v. Toronto-Dominion Bank (1999), 126 O.A.C. 59; 45 O.R.(3d) 737 (C.A.), consd. [para. RJR-MacDonald Inc. et Imperial Tobacco Ltd. v. Canada (Procureur général), [1994] 1 S.C.R. 311; 164......

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