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How fast can a house close?

Seller guide · Ontario

How fast can a house close in Ontario? Timelines, and what slows them down

There is no legal minimum closing period in Ontario. The closing date is whatever the buyer and seller agree to in the offer. What really sets it is the buyer’s mortgage, the lawyers’ work, and anything that has to happen first, like probate or a separation agreement.

By Alex Reid · Updated

Brick two-car-garage house with a sign on the front lawn in Oshawa, Ontario
Oshawa, Ontario

The short answer

  • Financed buyer: usually 30 to 90 days from accepted offer to closing.
  • Cash buyer: as little as about a week, once both lawyers have done the title search and paperwork.
  • Condos need a status certificate, which the corporation has 10 days to provide after a request and payment.
  • Estates and separations are usually held up by probate or the agreement, not the sale. Sign first, then set the closing to match.

Typical closing timelines

Most Ontario sales close 30 to 90 days after the offer is accepted. That gives the buyer time to finalize the mortgage and sell their own place, and both sides time to move.

Before that there is the listing period: preparing the house, time on the market, and conditions like financing and inspection, which usually run 5 to 10 days after an offer.

From decision to closing: listed vs. direct sale (illustrative)

Preparation / offer

On market & conditions

Closing period

From decision to closing: listed vs. direct sale (illustrative)
Listed, financed buyerPrep: about 14 daysOn market: about 35 daysConditions and closing: about 60 days
Direct cash saleOffer: about 2 daysClosing: about 7 days
Illustrative only. Actual time on market and closing periods vary by area, price and season.

What has to happen before closing

Whatever the timeline, these steps happen on every sale. A fast close just means they are done quickly.

  • Title search by the buyer’s lawyer, to confirm you own it and to find mortgages, liens or other registrations.
  • Mortgage payout statement from your lender, so your lawyer knows exactly what to pay off.
  • Buyer’s funds: a mortgage approval and appraisal, or proof of cash.
  • Status certificate for a condo. The corporation has to provide it within 10 days of a request and payment.
  • Closing documents signed and funds moved between the lawyers’ trust accounts.
Close-up of a For Sale sign on a front lawn

What slows a closing down

  • Financing conditions. The buyer’s lender needs an appraisal. If it comes in low, the deal can stall or be renegotiated.
  • Title problems. An old mortgage never discharged, a lien, or a work order from the city.
  • Probate. Most estate sales can’t close until the Certificate of Appointment of Estate Trustee is issued. See selling an inherited house.
  • Separation. The matrimonial home needs both spouses’ consent, or a court order. See who keeps the house in a divorce.
  • Tenants. Selling with vacant possession means giving proper notice under the Residential Tenancies Act. See selling a house with tenants.

How to close fast

The fastest closings have a buyer who doesn’t need a mortgage, no conditions, and both lawyers ready early. Hire your lawyer when you accept the offer, not the week before closing, and ask your lender for the payout statement right away.

A fast closing can also be a later one. If you are waiting on probate, a new home or a separation agreement, the point is a firm date you choose. We give a written offer within 24 to 48 hours of a walkthrough and can close in as little as 7 days, or up to 6 months out. Get an offer.

Frequently asked questions

Sources

This guide is general information, not legal, tax or financial advice. Private Deals buys homes directly and is not a real estate brokerage. Talk to a lawyer before you sign anything.

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