Questions about buying a home

78 questions, answered with the number where there is a number and the statute where there is a statute. Every answer says how confident it is and when it was last reviewed, because an answer about a tax threshold can go wrong without anybody editing it.

2 questions in Ontario

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ConditionsTypicalEssential

What conditions should I put in my offer?

Financing and inspection at minimum, plus status certificate review on a condo. Each is a dated right to walk away with your deposit, and each one you remove makes your offer stronger and your position worse.

Ontario

ConditionsDefinitiveEssential

What happens if my financing falls through after I have an accepted offer?

If you kept a financing condition and it fails within the deadline, you walk away and your deposit is returned. If you waived it, you must close anyway or breach the agreement, losing the deposit and exposing yourself to a claim for the seller's loss.

Ontario