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

[@ContraryBarry1592]

Who is responsible when a lawyer is hired to complete the purchase of a home and then we find out the property tax was not paid and now the town wants be to be liable.

[@thunderthumbz3293]

Purchaser's attorney should have figured out if property taxes were in arrears.

[@skylerhardy9212]

I help with questions