The plaintiff, Yaqiong Wang, sought to terminate an agreement to purchase a new-build house from the defendant, Tribute (Grandview) Ltd., after the housing market dropped.
Wang sued for the return of her deposit, while Tribute counterclaimed for specific performance, later amending to seek damages for breach of contract.
Tribute brought a motion for summary judgment.
The court found the agreement valid, rejected Wang's claims of a subsequent settlement, and determined that Tribute had not failed to mitigate damages.
Summary judgment was granted in favour of Tribute, ordering Wang to pay damages for the difference between the original purchase price and the current listing price, less the deposit already paid.