closing costs

The Requisition Period: The Invisible Step That Actually Protects You When Buying in Ontario

Ontario's requisition (title search) period explained: what the OREA Agreement's Requisition Date means, what the buyer's lawyer searches, how a requisition letter clears title defects, and how title insurance protects you before closing.

The Final Walkthrough Before Closing: An Ontario Buyer’s Pre-Closing Visit Guide

A complete guide to the final walkthrough before closing on an Ontario resale home: the OREA clause that gives buyers pre-closing visits, the best timing, a room-by-room checklist (appliances, HVAC, chattels, fixtures), and what to do if you find a problem — holdback or abatement.

The New-Build Cost Buyers Miss: Development Charges and Levies in Ontario

Development charges and levies are the most overlooked cost of buying a new-build or pre-construction home in Ontario. According to the City of Toronto (2025), the DC on a two-bedroom condo is $80,690 per unit. Here's how DCs, education levies, Tarion fees, hook-up charges and HST work — and why you must cap levies in the contract.

Do You ‘Close’ on a Pre-Construction Condo? The Two Closings Every Ontario Buyer Should Know

An Ontario pre-construction condo has two closings: interim occupancy (you move in and pay occupancy fees / phantom rent) and final closing when the condo registers and title transfers. See the Condominium Act 1998 framework, occupancy-fee components, closing costs and Tarion timing.

Interim Occupancy & Occupancy Fees on Pre-Construction Condos

What are interim occupancy and occupancy fees on an Ontario pre-construction condo? A guide to the three components of the occupancy fee, its statutory basis, how long it can last, and why this money doesn't pay down principal or build equity.

Closing Costs in Ontario: What Buyers Pay Beyond the Price (2026)

Beyond the down payment and purchase price, what closing costs does an Ontario/GTA home buyer pay? A line-by-line breakdown of land transfer tax, legal fees, title insurance, inspection and adjustments, with a worked $1M example.

Closing Adjustments in Ontario: What the Statement of Adjustments Adds Beyond the Price

The answer lives on a document called the Statement of Adjustments. Prepared by the seller's lawyer and sent to your (the buyer's) lawyer, it itemizes everything beyond the price that has to be "split" between buyer and seller — prepaid property taxes covering time after closing, utilities, condo co

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