Overview:
- Issue: Applicant sought the return of a $46,500 deposit paid for a duplex purchase after the sale failed to close as scheduled.
Key Points:
- Agreement: Signed on January 26, 2022, with a closing date of September 12, 2022. Clause 15.1 required written changes to the agreement.
- Closing Failure: Respondent claimed the closing date was flexible, requiring 35 days' notice, not clearly stated in the contract.
- Deposit: Applicant requested a refund when informed of the delay. Respondent had already paid a realtor commission of $17,460.45, which was premature.
- Estoppel Argument: Respondent argued the Applicant agreed to delay the closing when agreeing to a price increase in March 2022. The Applicant denied this.
- Court's Findings:
- No written agreement to change the closing date.
- The realtor commission payment was unnecessary.
- The procedure was appropriate for the case.
Judgment:
- Award: $46,500 plus interest
- Costs: Awarded to the Applicant on a solicitor-client basis
Conclusion: The court ruled in favor of Oksana Nagorniuk, ordering the return of the deposit due to the absence of a written agreement to extend the closing date and the unnecessary realtor commission payment.