Buyer who walked away from real estate deal ordered to pay $360K

The B.C. Supreme Court has ordered a buyer who walked away from a Surrey, B.C., real estate deal last summer to pay the sellers more than $360,000, or six times his original deposit. The ruling puts the would-be buyer on the hook for the difference between the contract he signed — for $1,260,000 — and what it eventually sold for after the homeowners failed to find another buyer to match the initial high offer. -- More...