Siskinds LLP real estate law specialist, Matthew Wilson, was recently featured in an article by Shane Dingman of The Globe and Mail regarding a surge in the number of buyers pulling out of their sales contracts to purchase homes, and the challenge that home sellers are facing when collecting on the deposits made to secure the sale. Matthew highlights that people in general do not understand how deposits actually work and that the obligations of explaining what happens to the deposit when a deal collapses falls on the real estate agents.
Read the full article here (available to globeandmail.com subscribers): https://tgam.ca/3KTMDxA