Everything You Need to Know About Real Estate Deposits in Ontario
Posted by Maryann Jones on
Buying a home is an exciting milestone. Whether you're a first-time buyer or looking to upgrade, the journey involves several steps. One crucial aspect is the deposit—a topic that often raises questions for buyers and sellers alike. How much should you pay? When is it due? What happens to the deposit if the deal doesn’t go through?
In Ontario, deposits play a significant role in real estate transactions. They are more than just a formality; they represent trust and commitment between buyers and sellers. Understanding how deposits work can save you stress, help you make informed decisions, and protect your hard-earned money.
In this guide, we’ll break down everything you need to know about real estate deposits in Ontario, using straightforward…
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