Buying a Condo
Close your real estate transaction with confidence. Available for virtual and in-person closing, we bring legal expertise to you in the most convenient and affordable way.

Close your real estate transaction with confidence. Available for virtual and in-person closing, we bring legal expertise to you in the most convenient and affordable way.
Investing in Ontario’s condo market can be great. Axess Law’s licensed real estate attorneys can look over your agreement of purchase and sale or close a condo sale for far less than you would pay for conventional legal services.
Condo living is a different lifestyle. If you’re used to living in a single family home or renting, be prepared to pay your fair share of common expenses like maintenance and landscaping and be responsible for the whole building, not just your unit.
Factors to consider when buying a condo:
Click on ‘Get Started’ button to receive a quote from us. If you decide to proceed, our customer care team will reach out to you within minutes to discuss the next steps.
You will receive a secure intake link in your inbox to submit your closing documents. After receiving your documents, we will work with the lender to prepare for closing while keeping you informed at all times.
Axess Law is there for you through every step of your real estate transaction. Speed up the process by keeping these documents handy.
Fire insurance is mandatory in Ontario when you have a mortgage. Your proposed insurer will give you a one-page fire insurance binder and our lawyers in turn confirm whether the certificate is valid and forward it to your mortgage lender.
Condominium corporations carry fire insurance for the whole building, including common parts of your unit, such as balconies. The details are contained in the condo status certificate you provide to us. We’ll touch on that next.
Prior to closing, Axess Law will ask you for two pieces of ID. Proving your identity is obligatory to prevent mortgage and title fraud. You may use either two pieces of primary ID (Ontario driver’s licence, passport, Ontario photo card, Canadian citizenship card with photo or Canadian permanent resident card with photo) or one primary and one secondary ID (Birth certificate, social insurance card or major credit card with your name on it).
Before you sign an agreement of purchase and sale, ask your realtor:
Pre-construction — Pre-construction purchase contracts let you pick finishes, layouts, or the unit you want. Be aware you may have to wait a long time to move in. It can be years before your pre-construction condo is registered and ready to be occupied.
Condo assignments — If you change your mind about buying, talk to the developer or a realtor about assigning your unit. Selling the purchase contract before your unit is legally registered transfers your liabilities to the new buyer, along with the new home warranty and HST due on closing.
New build or conversions — Buying a new build or rental converted to a condo can allow you to cancel your purchase within the first 10 days. An unsatisfactory status certificate, legal advice, or finding a unit you like better all qualify as excuses.
Resale — For a gently used home with an experienced condominium corporation, buy a resale. Since the building has been operating for some time, budgeting is predictable, and issues like owning pets or rentals have already been worked out.
Condo owners pay a share of operating and repair or replacement expenses for common elements in their building. You may be responsible for:
Landscaping and grounds maintenance
Your designated parking spot, if it's a common element
Heating, ventilation and air conditioning costs
Amenities like exercise or party rooms or guest suites
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