Step 5: Closing Day

• Step 1: Understand The Housing Market
• Step 2: Select Your Home Buying Team
• Step 3: Calculate Your Costs
• Step 4: Present Your Offer
• Step 5: Closing Day
• Home Buying FAQ

Congratulations! This is the day you take possession of your home and get your keys. Here’s what you can expect on closing day:

• Your lender will provide the mortgage money to your lawyer (notary).
• You must provide the balance of the purchase price to your lawyer (notary).
• You will also be responsible for paying legal fees, disbursements and land transfer taxes.
• Your lawyer (notary) pays the vendor on your behalf, registers the property in your name and provides you with the keys.

Need to Know: Your lawyer (notary) will contact you prior to closing day to collect your downpayment.