MMann Lawyers LLPOttawa, ON · May 4, 2026
5:00 PM Means 5:00 PM: Strict Enforcement of “Time is of the Essence” Clauses
The 2025 Ontario Court of Appeal decision of Correa v. Valstar Homes (Oakville Sixth Line) Inc. (2025 ONCA 156), demonstrates that “time is of the essence” clauses will be strictly interpreted in real estate transactions in Ontario, even when a delay is as short as nine minutes. Background In 2020, the Purchasers entered into an...
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