If you purchase a condominium, once your condominium building has been registered, a corporation is created. At this time the builder will provide notice and proceed with your final closing, thus making the property your very own. If you have purchased a Single Family (or freehold) home, final closing will occur at occupancy.

At the time of final closing, there will be associated costs and a final closing statement of adjustments will be sent to your lawyer. Any charges as laid out in your offer to purchase will be listed as they pertain to your purchase transaction. In order for your home to close, it will be necessary for you to have your financing in place from a major financial institution, plus have the remaining funds available for payment. The closing costs often vary depending on the terms of your agreement and the price of your new home. For Single Family (or freehold) homes payment in accordance with your closing statement of adjustments will be required to be paid by you to release the keys for your home.