On Closing

The documents and the keys are exchanged between the parties once an updated search of title is completed by the Purchaser. The purchaser’s lawyer will also provide us with a cheque for the balance of the purchase price which is due on closing to be released once the Transfer is registered. After closing, you will receive a cheque for the balance due on closing less payment of the mortgage, payment of the real estate commission, a holdback for final utilities, if required, and our legal fees and disbursements.