Find out how Ontario real estate law treats a buyer’s failure to pay a deposit under a signed agreement of purchase and sale.

In this video, Whitby real estate lawyer Paria Rad explains why a deposit is not what makes the contract binding. Instead, when an agreement is signed under seal, it remains fully enforceable, even if the buyer never submits the deposit.

Ontario courts recognize that the seal demonstrates the parties’ clear intent to be legally bound, allowing sellers to hold buyers accountable for breaking the agreement. Learn how case law supports enforcing these contracts and what steps sellers can take if a buyer refuses to fulfill their obligations.

Whitby real estate lawyer, Paria Rad of Devry Smith Frank LLP and Woitzik Polsinelli LLP, has over 13 years of experience in residential and commercial real estate law. If you have questions about the purchase of a property, contact Paria at paria@durhamlawyer.ca or at 905-668-4486.