Home Sellers Beware! Not Providing The Correct Square Footage Of The Home You Are Selling May Be Grounds For Rescission Of The Agreement Of Purchase And Sale.

Tuesday Dec 15th, 2020

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A misrepresentation by the seller and real estate agent as to the square footage of a residential property in Stouffville, Ont. resulted in the rescission of the Agreement of Purchase and Sale (APS) and the return of the $50,000 deposit. (Issa v. Wilson, 2020 ONCA 756 [CanLII]).   The plaintiff, a 26-year-old first-time home buyer, wanted a house large enough to live in with his parents and three sisters. He retained the defendant real estate agent to help him find a... [read more]

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