Court File and Parties
COURT FILE NO.: CV-18-590053 DATE: 2018/09/04 ONTARIO SUPERIOR COURT OF JUSTICE
BETWEEN: Trez Capital Limited Partnership, Trez Capital (2011) Corporation, and Computershare Trust Company of Canada, Plaintiffs – and – Ontario International College Inc./ College International de l’Ontario Inc., Defendant
Counsel: Dominique Michaud for the Plaintiffs Jennifer Tam for the Defendant
Heard: In writing.
Before: Perell, J.
Reasons for Decision - Addendum
[1] This is an addendum to my Reasons for Decision released on August 23, 2018. See Trez Capital Limited Partnership v. Ontario International College Inc., 2018 ONSC 4978.
[2] In those Reasons for Decision, I granted the Plaintiff a summary judgment in respect of a guarantee signed by the Defendant in respect of a mortgage given by 2481043 Ontario Inc.
[3] In paragraphs 33 and 49 of the Reasons, I misstated the amount owning on the mortgage as of August 16, 2018. The correct amount owing on the mortgage as of August 16, 2018 is $2,841,580.55. The judgment should be drafted accordingly.
[4] In my Reasons for Decision, I did not expressly address the matter of the post-judgment interest rate.
[5] For clarity, I now indicate that post-judgment interest should accrue at the interest rate set out in the mortgage. The judgment should be drafted accordingly.
[6] The Defendant agrees that as of August 16, 2018 the correct amount of the mortgage debt is $2,841,580.55 and takes no position with respect to the post-judgment interest rate.
Perell, J. Released: September 4, 2018

