• Steinbach 204.326.3442 - 85 PTH 12 North, Steinbach, MB, R5G 1A7
  • Niverville 204.388.9300 - Box 1120, 62 Main Street, Niverville, MB, R0A 1E0
 

Buying a Home: Protocol Closings

When purchasing a home in Manitoba, the purchaser will usually pay interest to the seller from the possession date until such time as the purchaser’s new transfer of land and mortgage are registered at the land titles office, which usually takes approximately 2-4 weeks after the possession date. There is a method of avoiding this interest to the seller by closing the transaction under the Western Canadian Law Societies Protocol method of closing (“Protocol”), but protocol is not possible in all circumstances. To learn more about protocol, and whether it is an option for you, please consult your lawyer.

Notice: The articles on our website are provided for general information purposes only and should not be relied upon as legal advice or opinion. They reflect the current state of the law as at the date of posting on the website, and are subject to change without notice. If you require legal advice or opinion, we would be pleased to provide you with our assistance on any of the issues raised in these articles.