Torkin Manes (Toronto): Sidney H. Troister and Aaron English speak to the National Post on COVID clauses in real estate deals

Christian Torok had no idea when the COVID‑19 crisis would end. One thing the Toronto realtor did know, however, was that one of his residential sales had to close despite the turmoil.

Having purchased a new home two weeks earlier, one of Torok’s clients was eager to sell their current property. But that suddenly became much more difficult than usual, the Real Estate Homeward Brokerage salesperson recalls. Suspecting the pandemic would drag down prices, some bidders made unacceptably low offers, while other prospective buyers expressed concern about financing issues triggered by job losses. The inability to host open houses and showings didn’t help. MORE.

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