CEF – Parsonage Lot Sale

As things wind up with the CCAA proceedings things have gotten pretty quiet and it’s just a matter of dotting the “i”s and crossing the “t”s. In this case one of those “administrative details” is the status of the parsonage lot that’s been a thorn in the side of the CRO for some time. The real estate agent found a buyer and it looked like the deal was going to close – up until a title search was done and a question about the lot being “common property” came up. Until this question was resolved the buyer wasn’t willing to complete the transaction.

Now the courts have ruled that – notwithstanding any legal documents to the contrary – the lot is not common property and the sale can go through.