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A Real Estate Sale Contract is a legally binding agreement between a property buyer and seller that spells out the terms of a home or land purchase in Canada. This essential document covers the purchase price, deposit amount, closing date, and any conditions like home inspections or financing requirements.

Under Canadian property law, this contract must be in writing and include specific details about both parties, a clear description of the property, and signatures to make it enforceable. Most provinces require licensed real estate agents to use standardized forms that protect both buyers and sellers while meeting local legal requirements for property transfers.

Use a Real Estate Sale Contract anytime you're buying or selling property in Canada, even when dealing with family or close friends. This critical document needs to be in place before any money changes hands or possession transfers���typically right after both parties agree on the basic sale terms.

The timing matters because many elements of the deal, like securing financing or completing home inspections, need to happen within specific deadlines. Getting this contract signed early protects everyone by clearly documenting the agreed price, deposit requirements, closing date, and any special conditions that must be met before the sale becomes final.

• Real Estate Offer Form: The initial proposal document used to start negotiations, typically through a licensed realtor
• For Sale By Owner Home Purchase Contract: A direct sale agreement when no real estate agents are involved
• Agreement For Sale Of Immovable Property: Specialized contract for commercial buildings and fixed structures
• Mortgage Sales Contract: Used when selling properties with existing mortgages or specific financing terms
• Basic Land Purchase Agreement: Simplified contract specifically for vacant land transactions

• Property Buyers and Sellers: The main parties who sign the Real Estate Sale Contract and are legally bound by its terms
• Real Estate Agents: Licensed professionals who prepare and explain the contract, ensuring it meets provincial requirements
• Real Estate Lawyers: Review and modify contracts, conduct title searches, and handle the closing process
• Mortgage Lenders: Financial institutions that review the contract terms before approving financing
• Home Inspectors: Referenced in contract conditions, their reports often affect the sale's completion
• Insurance Companies: Review contracts to confirm property coverage requirements

• Property Details: Gather the exact legal description, address, and any included fixtures or chattels
• Party Information: Collect full legal names, current addresses, and contact details of all buyers and sellers
• Financial Terms: Document the purchase price, deposit amount, and payment schedule
• Key Dates: Set clear closing date, possession date, and condition removal deadlines
• Special Conditions: List any financing, inspection, or property-specific requirements
• Supporting Documents: Gather property tax assessments, utility bills, and renovation permits
• Legal Requirements: Use our platform to generate a province-specific contract that includes all mandatory elements

• Property Description: Full legal description and municipal address of the property being sold
• Party Details: Complete legal names and addresses of all buyers and sellers
• Purchase Terms: Clear statement of price, deposit, and payment structure
• Timeline Elements: Offer expiry, condition deadlines, closing date, and possession details
• Conditions Precedent: Financing, inspection, and other requirements before closing
• Property Inclusions: List of fixtures and chattels included in the sale
• Representations: Seller's warranties about property condition and title
• Signature Block: Date and space for all parties' signatures and witnesses

A Real Estate Sale Contract often gets confused with a Deed of Sale, but they serve different purposes in Canadian property transactions. While both documents relate to property transfers, their timing and legal effects differ significantly.

• Timing and Purpose: A Real Estate Sale Contract outlines the future transfer of property and sets conditions that must be met before closing. A Deed of Sale is the final document that actually transfers ownership at closing.
• Legal Effect: The Sale Contract creates binding obligations between parties but doesn't transfer title. The Deed permanently transfers legal ownership from seller to buyer.
• Content Focus: Sale Contracts include conditions, timelines, and contingencies. Deeds focus on property description and ownership rights.
• Duration: Sale Contracts are temporary agreements leading to closing. Deeds are permanent records of completed transfers.