The appellant entered into an agreement to purchase a new home, but the transaction failed to close after multiple occupancy delays and the appellant's inability to secure financing.
The appellant sought a deposit refund from Tarion, which was denied.
On appeal to the Licence Appeal Tribunal, the appellant argued she had exercised a statutory right to rescind and that the vendor fundamentally breached the contract by changing the locks and providing insufficient notice of closing.
The Tribunal found no evidence of a statutory rescission and held that the vendor's actions did not amount to a fundamental breach, as the home was substantially complete and the vendor was ready to close.
The appeal was dismissed and Tarion's denial of the deposit refund was confirmed.