The Town of Caledon and Waterstone Properties Corporation (and Wyndcliffe Developments Inc.) brought cross-applications concerning the beneficial ownership of a 2.8-acre parkette.
Waterstone claimed beneficial ownership based on a 1972 subdivision agreement with a re-conveyance clause, arguing its inclusion in a subsequent 1973 agreement was a mistake.
The Town asserted ownership based on the unconditional transfer provision in the 1973 agreement, and alternatively, through adverse possession or dedication and acceptance.
The court found the 1973 agreement superseded the 1972 agreement, that the inclusion of the parkette in the 1973 agreement was not a mistake, and that the Town was the beneficial owner.
The court also found that the Town would have succeeded on adverse possession and dedication and acceptance.
Waterstone's application was dismissed, and the Town's application was granted.