Home Inspection

Understand the importance of a home inspection in Canadian real estate, what it covers, and how it protects buyers from unexpected repair costs.

Home Inspection

May 22, 2025


What is a home inspection?

A home inspection is a professional evaluation of a property's condition, typically conducted before completing a real estate transaction to identify any existing or potential issues.

Why Home Inspections Matter in Real Estate

In Canadian real estate, a home inspection is a critical step for buyers who want to make informed purchasing decisions. It involves a licensed inspector assessing key components such as:
  • Foundation and structure
  • Roof and attic
  • Plumbing and electrical systems
  • Heating and cooling systems
  • Interior and exterior condition

The findings are compiled into a written report that outlines any defects, safety concerns, or maintenance needs. This helps buyers understand the true condition of the home, estimate repair costs, and renegotiate the offer if necessary.

Home inspections are often included as a condition in a buyer’s offer. In competitive markets, some buyers may choose to waive this condition to make their offer more appealing—but doing so increases risk.

Understanding the home inspection process empowers buyers to protect their investment and avoid unexpected post-purchase expenses.

Example of a Home Inspection

Before closing on a semi-detached home in Halifax, the buyer orders a home inspection. The inspector uncovers faulty wiring, prompting the buyer to request repairs or a price reduction.

Key Takeaways

  • Evaluates a property’s physical condition and systems.
  • Helps buyers make informed decisions and negotiate repairs.
  • Typically conducted before closing.
  • Can reveal hidden issues not visible during showings.
  • Often included as a purchase condition.

Related Terms

Additional Terms

Public Realm Improvements

Public realm improvements are enhancements to public spaces such as sidewalks, parks, plazas, and streetscapes, often funded or contributed by. more

Mortgagee in Possession

A mortgagee in possession is a lender who takes control of a property after borrower default, but before foreclosure or power of sale. The lender. more

Lease Surrender Agreement

A lease surrender agreement is a negotiated contract between a landlord and tenant that ends a lease before its scheduled expiration. Terms may. more

Green Infrastructure

Green infrastructure refers to natural or engineered systems that manage stormwater, reduce heat, and improve sustainability in developments.. more

Escrow Holdback

An escrow holdback is a portion of funds withheld at closing and held in escrow until specific conditions are met, such as completion of repairs,. more

Underused Housing Tax

The Underused Housing Tax (UHT) is a federal annual 1% tax on the value of vacant or underused residential property owned by non-resident,. more

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