m city condos mississauga.As soon as the Chinese in Canada emigrated, they swept three houses. A Chinese couple swept three separate houses as soon as they emigrated to Canada, but happened to be hit by the housing market crisis in 2017, when house prices plummeted after signing the contract, and the deposit was forfeited for breach of contract, so they took the lawyer to court.Please Visit: m city condos mississauga to Get Your VVIP Registration Today!
According to court documents, Mr. M is 38 years old and was born in China. After living in France for several years, he emigrated to Canada in June 2016 with his cohabiting partner, Ms. H.
The judge said that Mr. M was well educated and completed a master’s degree (or multiple degrees) in MBA, economics and psychology in France. A Mandarin interpreter was asked to testify in court, but it was clear that he could work in English.
In October 2016, Mr. M and Ms. H bought a house in the southwest corner of Hwy 7 and Leslie in Wanjin City.
The deal, originally scheduled for closing handover in June 2017, has been postponed to August 2017 at the request of the seller.
Between the signing date and the deadline, there are a number of developments of great significance.
First, during the same period, Mr. M bought another detached house on the new town’s Leslie Avenue and the northwest corner of st John’s.
This detached house is C $1.75 million and the handover date is the end of June.
Second, Ontario’s introduction of a “non-resident speculative tax” on April 21, 2017, and the bankruptcy of a well-known mortgage lender (Home Trust), led to a sharp decline in the real estate market in the Greater Toronto area, which reduced the value of the two detached houses that Mr. M bought in Richmond Hill and New City.
It was clear that after buying a house in the new city, Mr. M lost interest in the detached house bought by Richmond Hill, according to the court documents.
So Mr. M wanted to break the deal for the house in Richmond Hill.
However, fearing that the deposit would be confiscated and would be recovered in the future, Mr. M found a Dheeraj Bhatia lawyer who worked for Madamser Law.
At the time, the lawyer said there was no problem, and he was “100% to 120% confident that they could pull out of the deal,” Mr. M said. ”
As a result, M broke the contract and did not complete the handover.
As a result, Mr. M was sued by the seller for a settlement fine of C $150000.
After heavy losses, M began to blame the lawyer for the matter and took him to court.
Lawyer Bhatia denied the charges in court.
Lawyer Bhatia said that Mr. M said the market had “collapsed” since the introduction of the non-resident speculative tax in April that year, and the new city detached house bought at 1.75 million yuan was now worth about 1 million yuan.
Finally, the judge held that Mr. M was largely responsible for the misfortune and could not blame the lawyer for his difficulties.
Although Bhatia’s behavior is not perfect, M himself bears a lot of responsibility for driving the incident.