Home Purchase Contract Form

Home Purchase Contract Form Template for Canada

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Home Purchase Contract Form

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

"I need a Home Purchase Contract Form for a detached single-family home in Ontario, with specific provisions for a delayed closing date of March 15, 2025, and inclusion of solar panel equipment in the sale."

Document background

The Home Purchase Contract Form is a standardized legal document used throughout Canada for residential property transactions. It is designed to comply with federal and provincial real estate laws, ensuring all necessary elements of a property purchase are properly documented and legally binding. This contract form is essential when any residential property is being bought or sold in Canada, whether it's a single-family home, condominium, or other residential property. The document includes crucial information such as property details, purchase price, payment terms, conditions precedent, warranties, and closing requirements. It incorporates provisions for property inspection, title transfer, and financing conditions, while addressing specific Canadian requirements such as foreign buyer regulations and provincial property transfer rules. The Home Purchase Contract Form serves as the foundation for the transaction, protecting both buyers' and sellers' interests while ensuring compliance with applicable Canadian real estate legislation.

Suggested Sections

1. Parties: Identification of the buyer(s) and seller(s) with full legal names and addresses

2. Background: Context of the transaction and acknowledgment of the parties' intention to enter into the agreement

3. Definitions: Key terms used throughout the agreement defined for clarity and legal certainty

4. Property Description: Detailed legal description of the property including address, lot number, and property boundaries

5. Purchase Price: The agreed purchase price and payment terms, including deposit amounts and payment schedule

6. Closing Date: Specified date for completion of the transaction and transfer of ownership

7. Deposit: Details of the deposit amount, payment timing, and handling of funds

8. Title and Ownership: Warranties regarding clear title and transfer of ownership

9. Property Inspection: Terms regarding property inspection rights and timelines

10. Conditions Precedent: Conditions that must be met before the agreement becomes binding

11. Representations and Warranties: Statements of fact by both parties about the property and their capacity to enter the agreement

12. Closing Procedures: Detailed process for completing the transaction

13. Property Insurance: Requirements for insurance coverage during the transaction period

14. Default and Remedies: Consequences and available remedies if either party fails to fulfill obligations

15. Notices: How and where formal communications between parties should be made

16. Governing Law: Specification that the agreement is governed by Canadian law

17. Execution: Signature blocks and execution requirements

Optional Sections

1. Financing Conditions: Used when the purchase is contingent on the buyer obtaining mortgage financing

2. Sale of Existing Property: Include when the purchase is conditional on the buyer selling their current property

3. Rental Properties: Required when the property includes tenant-occupied units, detailing lease assignments

4. Foreign Buyer Provisions: Include when the buyer is not a Canadian resident, addressing specific legal requirements

5. Property Management: For properties with ongoing management requirements or shared facilities

6. Environmental Matters: Include when there are known environmental issues or requirements

7. Chattels and Fixtures: Detailed when specific personal property items are included in the sale

8. Construction Warranties: Include for new construction or recently completed properties

9. Multiple Unit Properties: Required when the property contains multiple units or is part of a complex

Suggested Schedules

1. Schedule A - Property Description: Detailed legal description of the property and land survey details

2. Schedule B - Included Items: List of fixtures, appliances, and other items included in the sale

3. Schedule C - Excluded Items: List of items specifically excluded from the sale

4. Schedule D - Property Disclosure Statement: Seller's disclosure of property condition and known issues

5. Schedule E - Title Search Results: Summary of title search and any encumbrances

6. Schedule F - Environmental Assessment: Results of any environmental assessments or known issues

7. Schedule G - Inspection Reports: Property inspection findings and recommendations

8. Schedule H - Lease Agreements: Copies of existing lease agreements if property is tenant-occupied

9. Appendix 1 - Property Photos: Documentation of property condition at time of agreement

10. Appendix 2 - Floor Plans: Detailed floor plans and property measurements

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Legal Services

Financial Services

Insurance

Property Management

Construction

Banking

Property Development

Professional Services

Mortgage Lending

Relevant Teams

Legal

Real Estate

Property Management

Transactions

Compliance

Documentation

Contract Administration

Risk Management

Client Services

Operations

Relevant Roles

Real Estate Agent

Real Estate Broker

Property Lawyer

Conveyancing Lawyer

Mortgage Broker

Property Manager

Real Estate Transaction Coordinator

Legal Assistant

Title Examiner

Closing Coordinator

Real Estate Administrator

Property Inspector

Real Estate Paralegal

Compliance Officer

Contract Administrator

Real Estate Documentation Specialist

Find the exact document you need