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Delayed Closing Coverage

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freehold home and high rise condo
Under the delayed closing and delayed occupancy warranty, your builder guarantees that your home will be ready for you to move in either by a date specified in the purchase agreement or by a date that has been properly extended if circumstances occur that delay the home's completion. In many cases, your builder will be required to compensate you if a delay occurs.
 
For more information about delayed closings and occupancies, including Addendums and Statement of Critical Dates calculators, please see below.


Freehold Buyers 

Delayed Closing Protection
 
To learn more about Delayed Closing protection, click on the link below that corresponds to the signing date of your purchase agreement:
 
 
 
New Interactive Delayed Closing Addenda Forms as of July 26, 2012
 
The forms originally posted have now been replaced with the PDF interactive forms below. Builders should be using the newly posted forms of the Addenda as these new forms now include the arbitration provision (s.15 of the freehold and condominium forms and s.16 of the POTL/CEC form).
 
These will come into effect on October 1, 2012, however, they are optional to use after July 1st, 2012. 
 

Freehold Firm Closing Date - Addendum

Freehold Tentative Closing Date - Addendum

Limited Use Freehold Firm Occupancy Date - Addendum

Limited Use Freehold Tentative Occupancy Date - Addendum

 
If your new freehold home's purchase agreement was signed on or after July 1, 2008, click on the link below that corresponds to your type of closing to download an addendum: 
 
 
 
However, if project viability conditions are permitted and included in your purchase agreement or the deal is conditional on the sale of the purchaser's existing home, you must use one of the forms below:
 
 
 
Statement of Critical Dates calculator
 
To create an Addendum with a Statement of Critical Dates, click on the link below:
 
 
As of November 24, 2014 the Freehold Tentative Critical Dates paper calculator will no longer be available. Please use the electronic Statement of Critical Dates calculator for freehold homes directly above.

Condominium Buyers  

Delayed Occupancy Protection
 
To learn more about Delayed Occupancy protection, click on the link below that corresponds to the signing date of your purchase agreement:
 
 
 
 
Delayed Occupancy Addendums
 
New Interactive Delayed Closing Addenda Forms as of July 26, 2012
 
The forms originally posted have now been replaced with the PDF interactive forms below. Builders should be using the newly posted forms of the Addenda as these new forms now include the arbitration provision (s.15 of the freehold and condominium forms and s.16 of the POTL/CEC form).
 
These will come into effect on October 1, 2012, however, they are optional to use after July 1st, 2012.
 
If the purchase agreement for the first unit sold in your condominium project or phase was signed on or after July 1, 2008, click on the link below that corresponds to your type of closing to download an addendum:
 
 
 
However, if the deal is conditional on the sale of the purchaser's existing home, you may use one of the forms below:
 
 
 
 
Statement of Critical Dates Calculator
 
To create an Addendum with a Statement of Critical Dates, click on the link below:
 
 
As of November 24, 2014 the Condo Tentative Critical Dates paper calculator will no longer be available. Please use the electronic Statement of Critical Dates calculator for condominiums directly above.