All Forum Posts by: Andrew Tam

Hi everyone,

I'm selling my first investment property (Ontario) via an agent. I recently had an offer from a potential buyer and we signed the APS. The buyer never made the deposit within 1 business day and wants to back out now. Would that be a breach of the contract already?

There are also 2 clauses to be waived upon satisfactory inspection and contacting regulatory authorities for due diligence. The buyer wants to back out now and has not provided justification within the confines of the clauses.

I'm curious to know what my options are. Is legal action worth it?

I'm learning lots from reading the forum. I didn't expect this to happen on my first property.

Any advice or suggestions is greatly appreciated.

Thanks in advance.

Thank you Chris for the advice.

The city planner told me there was a rule passed in the last 3-4 years that allows a parcel of land to be severed twice and the previous owner used both opportunities. From a previous council meeting I attended, there was someone in a similar situation. They wanted to split their property in two for family but at the council meeting the planners would not allow them to severe it again.

Hence, when I dug into my property which is designated as rural, I found that I was in the same situation. I would like to severe it into smaller lots for rural residential.

Would appealing to the Mayor or council be appropriate in this situation?

Thank you.

I bought about several hectares of land a few years back. It turns out I can't severance it any more according to the official plan. Are there any ways to go around this by changing the zoning of the land AND then applying for severance?

Any advice is greatly appreciated.