Southcott Estates Inc. v. Toronto Catholic District School Board (March 20, 2012)
Case # 33778
The Toronto Catholic District School Board entered into an agreement of purchase and sale with Southcott Estates Inc. The agreement was for the sale of 4.78 acres of surplus land for the use of residential development. The agreement was conditional upon the school board obtaining a severance from the committee of adjustments before the closing date. For a variety of reasons the closing date was not met. The school board denied Southcott’s request to extend the closing date, ended the transaction, and returned its deposit. Southcott sued the school board, accusing it of breaching its obligation to obtain the severance.