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What happens on closing day?
Closing day is the day you become the official owner of your home.
It is usually the day the seller moves out as well, so be patient.
Typically, you visit your lawyer's office to review and sign documents
relating to the mortgage, the property you are buying, the ownership
of the property, and the conditions of the purchase. Your lawyer
will also ask you to bring a certified cheque to cover the closing
costs and any other outstanding costs.
Once the mortgage and the deed for the property are officially
recorded, you become the official owner of the property and your
lawyer will call you to pick up the keys to your new home.
Congratulations! You've just bought a home!
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