By Harjot Atwal ( January 23, 2024, 9:02 AM EST) -- “If purchasers were allowed to reclaim their deposits in a rising real estate market simply because the vendors resold the property at a higher price, it would eviscerate the legal concept of a deposit, render contractual terms relating to the deposit meaningless and would remove any incentive that a deposit gives a purchaser to close the transaction. All that would inject considerable uncertainty into the residential real estate market.” - Justice Markus Koehnen...