Sales
A sale has fewer moving parts than a purchase, but the ones it has matter: discharging what is registered against your title, and getting your money out cleanly.
What we do
What happens between the sold sign and your proceeds arriving.
Selling a Property
Before Your Sale Closes
A smooth sale starts with clear financial and ownership information. Addressing these items early helps us protect your proceeds and keep your closing on schedule.
The balance shown in your banking app may not include accrued interest, prepayment penalties, discharge fees or amounts secured by a line of credit. Tell us about every mortgage and secured credit facility registered against the property even if the balance is zero so we can obtain accurate payout statements.
If you are relying on your sale proceeds to complete a purchase, your sale generally needs to close first. We coordinate the two transactions carefully, but the timing still depends on the buyer’s funds arriving. Discuss bridge financing or a backup plan with your lender early if timing is critical.
Let us know early if the property is tenanted, owned by an estate or corporation, being sold under a power of attorney, or if any seller is a non-resident of Canada. You should also tell us if the property may be a matrimonial home and a married spouse is not on title. These circumstances are manageable, but may require additional documents, consents or tax steps.
Common questions
Once the transfer is registered and your sale is complete, we release the net proceeds to your designated bank account. Funds are typically deposited by 11:00 p.m. on the closing date, subject to your bank’s processing times.
It is common and manageable, but the two closings have to be sequenced so the sale funds are available for the purchase. Tell us early if both are with us, or who is acting on the other file.
Yes. A transfer of land in Ontario has to be registered electronically by a lawyer regardless of whether a brokerage was involved.
Deductions may include your mortgage payout, prepayment penalties, lender discharge fees, real estate commission, legal fees, property tax or condominium adjustments and any other amounts that must be cleared on closing. We provide you with a detailed breakdown before the transaction is completed.
