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When can Parties Back Out of a Real Estate Transaction?

September 25, 2024 Tags: breach of contract, buyer's rights, failed transaction, Real Estate, seller's rights, specific performance

Authored by: Andrew Wray and Sam Zargami In Ontario, parties to a real estate transaction sign an Agreement of Purchase and Sale (“APS”) which outlines the agreed upon terms between the parties involved, including among other things, the purchase price and closing date. If either party cannot close the transaction by the closing date, they […]

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