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Closing day. The day you've been working toward through open houses, negotiations, inspections, and a mountain of paperwork. It's the day you officially become a homeowner — and it's every bit as exciting as it sounds.
But for a lot of buyers, closing day also comes with a side of anxiety. What exactly happens? What do I need to bring? What if something goes wrong at the last minute? Let's walk through it so you feel completely ready.
The Days Leading Up to Closing
Closing doesn't happen out of nowhere — there's a sequence of events in the final days that set everything up.
• Your lawyer or notary will reach out with a statement of adjustments, which outlines the final numbers: your purchase price, property tax adjustments, closing costs, and exactly how much money you need to bring.
• Your mortgage lender will send final approval and funding instructions to your lawyer.
• You'll do a final walkthrough of the property — usually 24 hours before closing — to confirm the home is in the same condition as when you purchased it and that any agreed-upon repairs have been completed.
This final walkthrough matters. If something looks off, now is the time to flag it with your realtor — not after the keys are in your hand.
What Happens on the Day Itself
On closing day, most of the action happens at your lawyer's or notary's office, not at the property itself. Here's what that typically looks like:
1. You'll meet with your lawyer or notary to review and sign the final documents — the transfer of title, mortgage documents, and any other paperwork required in your province.
2. You'll bring certified funds (a bank draft or wire transfer) for any remaining closing costs and the balance of your down payment. Personal cheques are generally not accepted, so confirm the exact amount and method in advance.
3. Once everything is signed and funds are received, your lawyer sends the paperwork to the Land Title Office to register the transfer.
4. When the title is officially transferred and the seller's lawyer confirms receipt of funds, your realtor will get the green light to release the keys.
That moment when the keys land in your hand? It never gets old.
What Are Closing Costs, Exactly?
Closing costs are the fees and expenses you pay on top of your down payment to complete the purchase. Buyers are often surprised by these — so let's make sure you're not. Depending on your province and purchase price, closing costs typically include:
• Legal and notary fees
• Land transfer tax (and in some provinces, a municipal land transfer tax on top)
• Title insurance
• Property tax adjustments
• Home inspection fees (usually paid before closing)
• Moving costs
As a general rule of thumb, budget 1.5% to 4% of your purchase price for closing costs. Your lawyer will give you the exact breakdown before closing day so there are no surprises.
A Few Tips to Make Closing Day Smooth
• Confirm your closing funds and payment method with your lawyer at least a few days in advance.
• Don't attempt to transfer large sums the morning of closing — have everything ready the day before.
• Keep your phone on. Your realtor, lawyer, and lender may need to reach you quickly.
• Bring valid government-issued ID to your lawyer appointment.
• Take a breath. This is a big deal — let yourself enjoy it.
When Do I Actually Get the Keys?
Key release usually happens in the afternoon, once the title transfer is fully registered. The exact timing varies, but your realtor will be the one to let you know the moment those keys are ready.
And when they are? You've officially done it. Welcome home.
Have questions about the buying process?
I love helping buyers feel informed and confident every step of the way. Whether you're just starting to think about buying or you're ready to dive in, reach out anytime. There are no silly questions here — only ones that lead to better decisions.
Cassie Schellenberg, Personal Real Estate Corporation
Helping buyers navigate the market with clarity, confidence, and zero overwhelm.
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