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Imagine this: Smith and Sandy agree to buy and sell a charming home in Toronto. They’ve signed all the paperwork, and everything seems on track—until the closing date arrives. Smith is ready with the payment, but Sandy isn’t fully prepared to hand over the keys. What happens now? Does the deal fall apart? Have you

The first reason people negotiate real estate deals in writing is because written agreements are enforceable. Under the Ontario Statute of Frauds, oral agreements for the purchase or sale of land generally lack legal enforceability. In law, an oral offer to buy or sell does not bind the person making the offer until both the