Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

What documents do I sign at a Saskatoon closing?

A Saskatoon closing centres on paperwork your lawyer prepares and manages through Information Services Corporation, not documents you sign yourself at a table with the other party: transfer of title, mortgage documents if you are financing, and a statement of adjustments that settles the exact dollar amounts owed on possession day.

The statement of adjustments is the document that actually matters most to your bottom line, since it lists prorated property taxes, any condo or utility adjustments, and the net amount you will pay or receive at possession, reconciled against your deposit and mortgage proceeds.

If you are financing, your lender's mortgage documents run separately through your lawyer as well, and CMHC, Sagen or Canada Guaranty insurance documents come into play if your down payment is under 20 percent. None of this happens at a shared table the way some other markets structure a closing; your lawyer and the other side's lawyer complete it independently and register the transfer through Information Services Corporation.

Review your statement of adjustments as soon as your lawyer has it, not on possession day itself, so there is time to ask questions. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

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