Closing and moving day

Closing day is the day when you take legal possession and finally get to call your new house your home.

Closing day

There are quite a few things that need to be done on closing day:

• Your lender will provide the mortgage money to your lawyer or notary.
• You must provide the rest of the purchase price to your lawyer or notary as well as the closing costs.
• Your lawyer or notary pays the person who is selling the house, registers the home in your name, and then gives you the deed and keys to your new home.

What needs to be done on moving day

• If you have hired a moving company, go through the house with the supervisor and provide any special moving instructions.
• Ensure the condition of your belongings are noted on an inventory list, and that the list is complete and accurate. Mark off items on the mover’s list as soon as they are unloaded at your new home.

Things to consider when hiring a mover

• Friends or relatives may be able to recommend a professional moving company.
• Ask the mover for references.
• Once you’ve selected a mover, it is a good idea to have someone from the company come to your home to see what will be moved and revise the estimate, if necessary.

Insurance

While your home or property insurance may cover your belongings, you should call your broker or insurance company to ask about the extent of the coverage while they are being moved from one home to another.

If your home or property insurance does not cover your belongings while they are being moved, many moving companies offer additional insurance coverage.

You should be aware that professional movers are not responsible for items such as jewellery, currency or important papers. You will have to move these items yourself.

Plan ahead to make the transition as smooth as possible for everyone involved. That way, you can relax and enjoy your new home.

For more details on CMHC's programs, contact me or visit CMHC's interactive "Step by Step" Guide. As Canada's authority on housing, CMHC helps Canadians buy a home with a minimum down payment starting at 5%. Ask your mortgage professional about CMHC.

The information is provided by CMHC for general illustrative purposes only, and does not take into account the specific objectives, circumstances and individual needs of the reader. It does not provide advice, and should not be relied upon in that regard. The information is believed to be reliable, but its accuracy, completeness and currency cannot be guaranteed. Neither CMHC and its employees nor any other party identified in this Article (Lender, Broker, etc.) assumes any liability of any kind in connection with the information provided. CMHC stakeholders are permitted to distribute the materials at their expense. The above mentioned stakeholder organization is responsible for the distribution of this document.