Closing
There is no standard method for closing. In some places, 'round table' closings bring all parties together at the closing table. In other areas, buyers and sellers complete the process through separate, individual appointments with their lawyer. The latter is the case in Squamish, B.C.
Closing day is the day you become the official owner of your home.
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 title for the property are officially recorded, you become the official owner of the property and your lawyer will call my office with a Land Title registration number. You can then pick up your keys for your new home from me.
Congratulations! You've just bought a home!