The defendant brought a motion for summary judgment seeking dismissal of an action for specific performance of an agreement of purchase and sale of residential property.
The purchaser failed to provide funds to his solicitor by the contractual closing deadline, despite the agreement specifying that time was of the essence and requiring tender by certified funds from a lawyer’s trust account.
The court found the purchaser was not in funds on the closing date and that the vendor reasonably refused a requested extension.
The purchaser’s evidentiary record was deficient, as he failed to file affidavits from his solicitor or mortgage broker to support his claims regarding financing issues.
Summary judgment was granted dismissing the claim, and the vendor was awarded damages and litigation costs set off against the purchaser’s deposit.