Everything You Need To Know About Closing on a Property in Ontario – from a Real Estate Lawyer

Gerry Gatto is a licensed real estate lawyer who works specifically with real estate investors. In this Rock Star Minutes, he shares some key things every investor needs to know about closing on a property in Ontario. There's something in this video for everyone - whether you're closing on your first property or 10th!

We cover...

• Closing costs in Ontario - What do they consist of, how can you save money on them, and how much does it cost?
• Title Insurance - What is it, why it's important, and how it protects you and your bank?
• Mortgage insurance - What is due on closing?
• Mortgage Payment Frequency - How do mortgages accrue, how to pay your mortgage down much faster and save on interest, when you want to pay your mortgage down as an investor vs a homeowner?
• Key Pick Up - How it works, and what you need to know as a seller and as a buyer
• After Closing - What to do if there are unpaid utility bills and/or property taxes, or issues with the property after you close