Federal Government extends ban on foreign ownership of Canadian residential property
On February 4th, 2024, in a significant move to address the continued concerns over housing affordability in Canada, the federal government announced an extension of the prohibition on foreign acquisition of Canadian housing for an additional two years, now set […]
Rescission and s. 74 of the Condominium Act: Chen v Brookfield Residential (Ontario) Limited, 2022 ONCA 887
The Ontario Court of Appeal recently upheld a decision in Chen v Brookfield Residential (Ontario) Limited, 2022 ONCA 887, invalidating a home buyer’s Notice of Rescission, affirming that the buyer anticipatorily breached the contract and entitling the developer to retain […]
