Closing day + after

The two weeks between firm and close

Once all conditions are removed, the deal is officially firm. The next chapter is entirely about logistics and preparation. Our team coordinates the moving parts to ensure you arrive at moving day without a hitch. Here is what happens in the background.

Days one to three after firm

The initial steps lock the transaction in place. The deposit is cleared in the trust account at the listing brokerage. Your lawyer files an engagement letter with both sides to formally begin the legal work. As a buyer, you must arrange your home insurance binder — your lender requires this before they will release any funding. If you are selling, you will sign the mortgage discharge authorization directly at your bank.

Days four to ten

The heavy administrative lifting happens here. The buyer’s lawyer runs the comprehensive title search, checks for executions, and pulls the tax certificate from the City of Toronto. Meanwhile, the seller’s lawyer prepares the draft transfer and the statement of adjustments. The buyer signs the final mortgage documents at the lender or via their lawyer. Once the insurance binder is confirmed, the lender’s funds are released to the lawyer’s trust account.

Days ten to thirteen

We conduct the buyer pre-closing visit usually 24 to 48 hours before close. This is our chance to confirm the property condition, ensure the fixtures stay, and verify the agreed chattels are delivered. The statement of adjustments is finalised — prorating the property tax, local utilities, and condo fees. Finally, the wire transfer of the remaining down payment funds moves from the buyer to the lawyer’s trust.

Closing day

Your lawyer registers the official transfer at the Land Registry office. The funds then move over to the seller’s side. The actual keys handover happens after this registration confirmation comes through — usually mid-afternoon to early evening. A member of our team is right there at the meet-up for the final handover.

The week after moving

There is still a checklist to tackle once the boxes are inside. You will need to process address updates with the CRA, OHIP, your driver’s licence, banks, subscriptions, and your employer. Utility transfers must be finalized with Toronto Hydro, Enbridge, and Toronto Water. If you bought a condo, this is the time for building onboarding — securing new fobs, your parking pass, and your locker assignment. We also recommend setting up mail forwarding via Canada Post for a full twelve months.

Ongoing support

Most real estate relationships end the moment the deal closes. Ours does not. Our team stays on call for renovation referrals, market updates, and the planning of your next move when life inevitably shifts. Real estate is a long game, and we take pride in watching our clients settle in and thrive. We are always here when you need us.