FINTRAC is a federal requirement for all real estate transactions in Canada.
Every brokerage must verify the identity and occupation of anyone buying or selling property.
It is part of Canada’s anti–money laundering rules, and it ensures the transaction is legitimate and properly recorded.
To complete your FINTRAC record, we will need:
It is quick, standard, and required for every sale, and we will walk you through it.
Once all conditions have been waived, or if your offer had no conditions, your sale becomes firm.
This means the buyer is legally committed, the price and terms are locked in, and the closing date is confirmed.
At this stage, you can relax a little because the heavy lifting is done and we are moving straight toward closing.
Conditions are protections for the buyer that must be satisfied before the sale becomes firm.
While your home is marked as Sold Conditional, the buyer may still be completing:
Once these items are satisfied, the buyer signs a waiver and the deal becomes firm.
If a buyer is unable to meet their conditions by the deadline, the deal ends, the buyer’s deposit is returned, and your listing goes back on the market.
There is no penalty to you as the seller.
We resume marketing and showings immediately.
You are never required to extend a condition period unless you choose to.
A financing condition allows the buyer’s lender time to finalize approval.
Even if the buyer is pre-approved, the bank still reviews the property, the buyer’s income and documents, and the appraisal if needed.
If financing is approved, the condition is waived and the sale moves forward.
The buyer hires a certified inspector to assess the home’s major systems and structure.
After the inspection, the buyer may:
If they choose not to proceed within the condition period, their deposit is returned.
The buyer’s lawyer reviews the condominium corporation’s financial health, reserve fund, rules, upcoming expenses, and any special assessments.
If the lawyer does not approve the status certificate, the buyer may walk away within the condition period.
This gives the buyer’s lawyer time to review the full agreement to ensure everything is accurate and legally sound.
If the lawyer identifies concerns, the buyer may decide not to waive the condition.
This means the buyers must sell their own property before committing fully to yours.
It often includes a 48 hour escape clause, which protects you.
If another offer comes in, the buyer must waive their condition within the 48 hour window.
If they do not, the deal ends and you are free to accept the new offer.
The deposit must be delivered within the timeframe written in the Agreement of Purchase and Sale, usually 24 hours after acceptance.
We will notify you the moment it is received.
The deposit is held in trust by our brokerage until closing.
It cannot be released early unless both parties agree in writing.
After closing, once your lawyer confirms the transaction is complete, the balance of the deposit is released to you.
If the deposit is larger than the commission owing, you may choose:
Funds usually arrive within 1 to 3 business days after your lawyer confirms closing.
Once your listing goes live:
We balance your comfort with buyer demand to get the best results.
You choose the notice window.
Most sellers select options like 2 hours, 4 hours, or overnight.
If your schedule changes, we can update the showing instructions at any time.
We strongly recommend being out of the home during showings.
Buyers feel more comfortable exploring freely, and homes typically show better when the seller is not present.
Yes. We ask sellers to remove or lock up jewellery, passports, cash, medications, and important documents.
We take every precaution, but securing valuables ensures peace of mind.
Your home should feel clean, bright, open, and decluttered.
We will send a full preparation checklist with simple tips to help your photos turn out beautifully.
We recommend removing:
Think of preparing your home like preparing a hotel suite. Clean, calm, and welcoming.
Closings usually occur in the late afternoon once both lawyers exchange funds and documents.
We’ll update you as soon as your lawyer confirms the deal is complete.
Your lawyer will:
Once that’s done, you get your keys!
Delays are rare, but if they happen due to banking or legal timing, we’ll communicate with you immediately and ensure your lawyer manages the next steps.
If your listing is paused or removed from MLS:
Whenever you are ready to re-enter the market, we will be here to support you.
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