What is an Agreement of Purchase and Sale?

Jesse Abrams - December 30, 2017, 9:09 pm

Why do I need an Agreement of Purchase and Sale? 

This is a document that is used in Ontario when real estate is being purchased and sold. This is always required when a borrower (applicant) is applying for a mortgage through a lender. The document must include a fully completed purchase and sale agreement. 

      

How do you get you Agreement of Purchase and Sale? 

This is a key document that will be signed by the home buyer upon the purchase of the home.

      

Example of an Agreement of Purchase and Sale

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