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Occupancy date and closing date – what new condo buyers need to know?

August 9, 2010

Many clients purchasing condos get confused when trying to differentiate between their occupancy date and registration date…knowing that they are not the same thing and that one will have an impact on the timing of your mortgage, and ultimately your mortgage interest rate, is important.

Occupancy Date:

Closing/Registration Date:

This occurs upon registration of the building