FAQs

Residential Freehold Purchase

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  1. I have signed my purchase agreement and it has been sent to my lawyer. What’s next?

  2. What is a Statement of Adjustments?

  3. What is a Funds Summary?

  4. What is Title Insurance? Is it mandatory to get title insurance?


  1. What Do I need to know for my residential closing?

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  2. What is a “statement of Adjustments” in a Residential purchase?

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  3. What is a “Funds Summary”?

    Occupancy fees are monthly payments made to a builder to cover the interest costs on the outstanding balance of the price of the Unit and other general costs related to the unit. Occupancy fees are paid during the occupancy period, from the date of occupancy of the unit to the final closing date.

  4. What is a Title Insurance? Is it mandatory to get title insurance in Ontario?

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  5. Test?

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