A lawyer handles the file directly, typically for $800 to $1,500 on a residential sale, and that fee covers the title search, the mortgage discharge and registering the new title through Information Services Corporation.
Financing conditions are usually the pace-setter when a mortgage is involved, since a lender needs time to order an appraisal and confirm the file before those conditions come off, which is why the negotiated condition period matters as much as the possession date itself.
Joel Dyck sets financing and inspection timelines realistically at the offer stage so the possession date holds. Get your hand-reviewed valuation from Joel Dyck.