11/27/2025
Your homebuying journey doesn’t end when a seller accepts your offer. Understand what it takes to seal the deal, including expected costs and typical timelines.
Here is a bit more information which may be helpful:
A Western Protocol closing is a conveyancing practice, developed by the law societies of Manitoba, Alberta, British Columbia, and Saskatchewan, that allows for the release of mortgage funds on the closing date, rather than waiting weeks for the mortgage and transfer documents to be registered with the land titles office
Title-Ins. provides a faster closing for the client and eliminating the "gap" between possession and funding that delays traditional closings. Removes the need to fund the title transfer process and be reimbursed for the unused funds.
1. Lawyer Liability:
Under the Protocol, the lawyer accepts liability for potential issues related to surveys, zoning, and the gap in registration, issues that would normally delay a closing.
2. Funds Release:
With the Protocol checklist completed, the funds can be released to the vendor's solicitor immediately on the closing date, even before the official registration of the mortgage and transfer documents.
Benefits:
3. Expedited Funding:
Sellers receive their sale proceeds immediately on closing, rather than waiting for the registration process
Craig Edwin Holdway l Mortgage Specialist l RBC Royal Bank of Canada l 220 Portage Avenue, MB, R3C 0A5 l Cell 431.778.7562
Closing on a house is the exciting final stretch of your homebuying journey, but there are still a few steps to complete before the deal is done. Understanding the home closing process, including the time and money involved, will allow you to anticipate what’s next and plan ahead before you finall...
