	      Category	    

Closing & Conditions

交割与条件：firm、押金、贷款条件、验房条件、产权保险、律师 closing。 Going firm, deposits, financing conditions, home inspection, title insurance, lawyer closing.

买家 · Buyer 细分Buyer subtopics 工具与知识库Buyer Toolkit & Reference 交割与条件Closing & Conditions 公寓专题Condo Buyer Guide 首次 · 新移民 · 投资First-Time, Newcomer & Investing 出价策略Offer Strategy 税法与监管Tax, Legal & TRESA 看房与验房Viewing & Inspection

	      Closing & Conditions	    

The Tarion New-Home Warranty Explained: What the 1-, 2-, and 7-Year Coverage Covers

What does Ontario's Tarion new-home warranty cover? The 1-, 2-, and 7-year coverage periods, pre-possession deposit protection limits, and the statutory coverage caps for freehold and condo. A must-read before buying new.

	      Jun 20, 2026	    

	      Closing & Conditions	    

Before You Buy Pre-Construction: What the Interim Occupancy Fee Really Is

What is the interim occupancy fee on a pre-construction condo? Its three components, why it builds no equity, and how long it lasts — a hidden cost every pre-construction buyer should understand.

	      Jun 20, 2026	    

	      Buying	    

Do You Need a Property Survey to Buy a Home in Ontario? Surveys (RPRs) vs. Title Insurance, Explained

For most resale purchases, no. In Ontario today, the large majority of buyers close on title insurance, which covers the fact that there is no up-to-date survey, and both lenders and lawyers accept that. Title insurance protects that you legally get what you physically see on the land as of closing,

	      Jun 18, 2026	    

	      Buying	    

Low Appraisal After a Firm Offer in Ontario: Who Covers the Gap?

The short answer: you cover the gap in cash, and you no longer have an exit. In Ontario, a lender funds a mortgage based on the lower of the purchase price or the appraised value — not the price you negotiated. According to CMHC, the loan amount (and loan insurance) is calculated on the lesser of th

	      Jun 17, 2026	    

	      Closing & Conditions	    

Tarion Delayed Closing & Occupancy Compensation: What a Builder Owes You When the Date Slips

In most cases, yes. Ontario's new-home warranty is administered by Tarion, and its statutory warranty includes delayed-closing compensation (for freehold homes) and delayed-occupancy compensation (for condominium units). As long as the delay is not caused by you and is not an "Unavoidable Delay" as

	      Jun 16, 2026	    

	      Closing & Conditions	    

Pre-Construction Condo Closing in Ontario: Interim Occupancy, the PDI, and Tarion Warranty Explained

The defining difference is that a pre-construction condo has two closings. First comes interim occupancy: the building is not yet registered as a condominium corporation at the land registry, but you get the keys and move in, paying a monthly "occupancy fee" (often called "phantom rent") that is not

	      Jun 15, 2026	    

	      Closing & Conditions	    

How Pre-Construction Deposits Work in the GTA — and Exactly How Much Tarion Protects

How are GTA pre-construction deposits staged? What does Tarion deposit protection cover for condos vs. freehold homes? How much do you recover if a builder cancels or goes bankrupt? Arthur Zhao breaks down the deposit structure, the coverage limits, and how it differs from a resale deposit held in trust.

	      Jun 14, 2026	    

	      Closing & Conditions	    

How Ontario’s Last Month’s Rent Deposit Really Works: One Month Max, Interest Owed, Not a Damage Deposit

In Ontario, a landlord can only collect a last month's rent deposit (at most one month for monthly tenancies), usable only for the final month's rent — not as a damage deposit. Landlords must pay annual interest equal to the rent-increase guideline, which is 2.1% in 2026. Here's how much can be collected, how interest works, what's illegal, and what to do if an illegal deposit was taken.

	      Jun 12, 2026	    