HomeIn The MediaCourt reaffirms lenders can only compel sale of borrower’s property through sheriff’s sale

Court reaffirms lenders can only compel sale of borrower’s property through sheriff’s sale

Civil litigators would be wise to take note that in Royal Bank of Canada v. Silvaggio (c.o.b. Tony’s Mobile Repairs), 2024 ONSC 2749, the court reiterated that in most circumstances, a lender can only compel the sale of a borrower’s property through a sheriff’s sale, unless the lender can meet the high threshold to convince the court otherwise.

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