Buying your first property is one of the most significant decisions you will ever make. It is exciting, emotional, and at times, overwhelming. Understanding the legal process before you get started can make the entire experience feel a lot more manageable.

Here is a straightforward guide to what you can expect when purchasing your first property in Ontario.

Step 1: Your offer is accepted

Once your offer is accepted by the seller, the clock starts. You will typically have a few days to satisfy any conditions, most commonly financing and home inspection. Once conditions are waived, the deal is firm and it is time to retain a real estate lawyer.

"Retaining your lawyer early gives them time to review your agreement carefully and flag anything that needs attention before closing."

Step 2: Your lawyer reviews the agreement

Your lawyer will review your Agreement of Purchase and Sale in full. They are looking for anything unusual, including closing dates, chattels included, deposit structure, and any clauses that could create issues later.

Step 3: Title search and due diligence

Your lawyer conducts a title search on the property to confirm there are no liens, claims, or encumbrances that could affect your ownership. They also review zoning, property tax status, and any easements registered against the land.

This is one of the most important steps in the process, and one that happens entirely behind the scenes.

Step 4: Mortgage instructions

If you are financing your purchase with a mortgage, your lawyer receives instructions directly from your lender. They prepare the mortgage documents and ensure everything aligns with your purchase agreement.

Step 5: Signing appointment

A few days before closing, you meet with your lawyer to sign all the necessary documents, including title transfer, mortgage paperwork, and any statutory declarations. Your lawyer will explain each document before you sign.

You will also bring your closing funds at this stage, typically by certified cheque or wire transfer.

Step 6: Closing day

Your lawyer coordinates with the seller's lawyer to exchange documents and funds. Once everything is registered with the Land Registry Office, the title is officially in your name and you get your keys.

A note on closing costs

First-time buyers in Ontario are often surprised by closing costs beyond the purchase price. These typically include:

• Land transfer tax (Ontario + Toronto municipal if applicable)

• Legal fees and disbursements

• Title insurance

• Home inspection (if not already completed)

• Moving costs and utility setup

First-time buyers may be eligible for a land transfer tax rebate. Your lawyer can confirm what applies to your situation.