Summary of Issues and Rulings:

1. Background:

   • The Condoman Developments Inc., 1808176 Ontario Inc., and Howard Youhanan (Plaintiffs) sought to enjoin Cannect International Mortgage Corporation, Cannect Mortgage Investment Corporation, and Marcus Tzaferis (Defendants) from selling properties under a blanket mortgage.
   • The court initially set the injunction motion for July 24, 2025, with a temporary standstill order in place regarding sales.

2. Scope of the Standstill Order:

   • The court's December 2024 endorsement restricted the sale of properties in Ontario, except specific exemptions (e.g., 25 Telegram Mews, Toronto).
   • Justice Morgan clarified that the endorsement does not apply to properties outside Ontario (e.g., Quebec or Florida).

3. Jurisdictional Considerations:

   • Ontario courts have in personam jurisdiction over parties but generally defer to the courts of other provinces for property within their jurisdiction.
   • A sale of a Montreal property under Quebec court authorization could not be invalidated by Ontario’s endorsement.

4. Montreal Property Sale:

   • Plaintiffs sought to interpret the Ontario court's endorsement as a worldwide injunction.
   • Justice Morgan rejected this, stating no evidence or request supported such an interpretation.

5. Expedited Hearing Request:

   • Both parties expressed interest in advancing the July hearing; the court pledged efforts to arrange an earlier date.

Conclusion:

The court confirmed the limits of its December 2024 endorsement, emphasizing deference to Quebec courts for property under their jurisdiction. Sales authorized in Ontario, like the one at 25 Telegram Mews, were allowed to proceed. The judgment does not include any monetary award, costs, or damages.