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Can I have more than 2 purchasers on title?

Yes, please contact us to assist you with 3 or more purchasers.

How is my identity verified?

Your identity will be programmatically confirmed using a secure authentication process on your mobile or desktop computer. You will be prompted to take photos of a piece of valid, photo government-issued identification, as well as a photo of yourself. The validity of your documents will be verified and matched to your photograph using AI software. The information is processed securely by Stripe, a trusted identity verification service.

What are acceptable forms of identification?

We accept government-issued, photo identification documents, such as driver’s licences, health cards, or passports. Please ensure the documents are valid and have not expired.

Can I write my contract under my Corporation name?

Yes, please contact us to assist you with this.

Reserve a unit

Why do I need to authorise a credit card hold?

This is part of our terms of payment for securing a home purchase. The hold will be removed after 72 hours, upon the receipt of your deposit payment.

What is the buying process like?

Buying properties online with OwnSpace is simple, and much faster than any other home buying process. The entire process is completely online, so you can walk through the steps on your time, wherever you are. All you need is a government-issued ID to provide proof of identity, and a credit card to reserve your unit. Once your purchase offer is submitted, we will review and sign; you will receive a notification by email as soon as the offer has been accepted. You will have access to the signed contract and all other unit details in your OwnSpace account.

Why is there a time limit for me to reserve a unit?

We want to give everyone a fair chance to purchase a unit, so we secure a set period of time for a buyer to prepare and submit their offer, including deposit payment/credit card hold. If you don’t complete your offer within the time limit, the unit will become available for others to purchase. However, all your information is saved so you can easily complete another offer without having to go through the entire process.


What are the terms of payment?


For Canadian residents - 20% deposit is due within 21 days of Contract date.

For Non Canadian residents - 30% deposit is due within 21 days of Contract date.

Remaining funds:

No financing - Remaining balance will be due within 21 days prior to closing.

Financing - Remaining balance will be due at closing.

When do I need to confirm my financial details for my purchase?

You will need to confirm your financial details within 21 days of the Contract date.

What happens if my pre-approval expires?

If your pre-approval expires before the closing date, you are required to obtain another as you will need it when signing at the notary’s office. You will receive a 30 day notice prior to the Closing date to ensure you have sufficient time to prepare the funds.

When do I need to pay my deposit?

The deposit is due on or before 21 days from the Contract date. You may refer to your contract for the exact date.

Contract signing

How do I access my contract?

Once you have created an account, you may access your completed contract at any time by logging into OwnSpace.

Do I need a witness for signing?

No, you do not need a witness to sign the contract.

Are electronic signatures legal in Canada?

Yes, an electronic signature in Canada has the same legal status as a handwritten one.

Other costs to consider

What is the estimated condo fee for this project?

Approximately $1.00 per square foot. 

For example: If your unit is 500 sq ft, your condo fees will be approximately $500/month.

The final condo fees will be calculated following the relative value of the unit as indicated in the Declaration of Co-Ownership

What is the Land Transfer Tax?

Also known as a "Welcome Tax", the Land Transfer Tax is a fee imposed on the buyer of immovable property by the municipality, specifically when there is a transfer of ownership of said property. The percentage of tax is set in brackets based on the value of the immovable property. To learn more, please visit: City of Montreal

What are some other costs I need to cover?

Notarial fees, other disbursements for the deed of sale and loan, copy of Certificate of Location, mortgage insurance fee, home insurance and more.

Still have questions?

Contact Us