I bought a new home recently and I haven't received my certificate of title yet - should I be worried?
- GOOD LAW
- Dec 11, 2024
- 1 min read
put everything together in a closing package as soon as we can after closing, some
things are out of our control and will take some time to complete.
For example, and particularly during the summer months, the Land Titles Office becomes extremely busy, and it can take several weeks for registration of the transfer of land into your
name and to add your new mortgage, if applicable.
Similarly, after a seller pays out their mortgage with the sale proceeds, their bank will need time to discharge that mortgage at Land Titles. Once that is completed, then the Land Titles Office will issue a new certificate of title for the new owners of the property.
If you have questions about the steps needed in completing your purchase or sale, please contact your lawyer for information as you’re putting your plans together to ensure things move smoothly and efficiently.
