This case involved two applications arising from a failed condominium purchase and sale.
The purchaser sought a refund of her deposit, arguing she validly rescinded the agreement due to the vendor's failure to complete common elements (parkette and gates), which she claimed constituted a material change.
The vendor contended the purchaser breached the agreement by failing to close, leading to termination, and that rescission was not possible after termination.
The court found that the purchaser had no right to refuse closing based on uncompleted common elements, as the agreement explicitly stated this would not deem the unit incomplete.
Furthermore, a change in the construction schedule for amenities was not a "material change" under the Condominium Act, 1998.
The court affirmed the common law principle that an agreement cannot be rescinded once it has been validly terminated.
Consequently, the purchaser's application for a deposit refund was dismissed, and the vendor's application was allowed, confirming the purchaser's breach, the vendor's right to terminate and retain the deposit, and the right to sue for further damages.
A trial of an issue was ordered to determine the quantum of damages exceeding the forfeited deposit.