Legal Steps When Buying a Home in BC (2026 Legal Guide)
The deal isn't done when you sign the offer. The "conveyancing" period is where the legal magic happens.
Completion vs. Possession
- Completion Date: Money changes hands, title registers to you. You technically own it, but can't enter yet.
- Possession Date: Usually 1 day later at noon. You get the keys.
Statement of Adjustments
Your lawyer calculates the pro-rated property taxes, strata fees, and utilities. If the seller paid taxes for the whole year, you reimburse them for your portion.
Frequently Asked Questions
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Either works for standard residential deals. Notaries are often slightly cheaper; lawyers can handle more complex litigation if things go wrong.
You bring the rest of your down payment (bank draft) to the lawyer/notary about 1-2 days before completion.