Although recent interest rate hikes have taken the edge off Toronto’s notoriously wild housing market, prices are still high enough that co-ownership with family or friends remains an increasingly conventional choice for prospective buyers who see no other route onto the property ladder. When co-owners fall out over a house, emotions run high and it’s often hard for them to agree on anything again. And while Ontario’s Partition Act provides a mechanism for the division and sale of a property, litigants (and their counsel) are often wary of pushing for a court-ordered sale until they have worked out some of the other details in dispute — such as the list price, the listing agent, or liability for outstanding property taxes and other bills associated with the home.
Month: March 2023
Categories
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- Real Estate Disputes (14)
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Recent Posts
- Selecting the right procedural route to dismiss a claim: guidance from Lahey v. Lahey
- Ontario Court of Appeal enforces oral agreement for sale of land
- Buyer recovers deposit after vendor fails to terminate real estate deal
- Appeal Court upholds partial summary judgment in real estate fraud case
- Judge upholds arbitrator’s decision, keeps constructive trust debate going
