The plaintiff purchaser brought a motion for summary judgment seeking the return of a $300,000 deposit and delayed closing compensation following a failed pre-construction real estate transaction.
The purchaser argued the vendor breached the Tarion Addendum by improperly setting closing dates and failing to obtain an occupancy permit.
The court found that the vendor's notices complied with the Tarion Addendum and that the agreement placed the obligation to obtain the occupancy permit on the purchaser.
The court concluded that the purchaser failed to close the transaction and ordered the $300,000 deposit forfeited to the vendor.