Is a condition precedent binding in a real estate transaction?

Indeed, the court in Wiebe v. Bobsien (S.C.) stated at 761 that a condition precedent will ordinarily create a binding contract in relation to a real estate transaction: ... in a real estate transaction a condition precedent which must be performed by the purchaser will not usually prevent the formation of a contract but will simply suspend the covenant of the vendor to complete until the condition precedent is met by the purchaser.