Occupancy Permit

Learn what an occupancy permit is in Canadian real estate, when it’s needed, and how it certifies that a new or renovated home is safe to occupy.

Occupancy Permit

May 22, 2025


What is an Occupancy Permit?

An occupancy permit is a legal document issued by a municipal authority certifying that a newly constructed or renovated building complies with building codes and is safe for habitation.

Why Occupancy Permits Matter in Real Estate

In Canadian real estate, an occupancy permit is required before a buyer can legally move into a new home or condo unit. Builders must pass inspections for plumbing, electrical, fire safety, and structural compliance.

Key points include:
  • Issued after final inspection by city officials
  • Required for new builds and major renovations
  • May be needed before mortgage funding is released

In condo developments, interim occupancy may occur before full registration, allowing the buyer to move in while awaiting title transfer.

Understanding occupancy permits ensures buyers take possession legally and that properties meet municipal safety standards.

Example of Occupancy Permits in Action

The city inspector approves the new home’s final inspection, and the builder receives an occupancy permit, allowing the buyer to move in.

Key Takeaways

  • Confirms a home is safe and code-compliant.
  • Required before occupancy or closing.
  • Involves municipal inspection.
  • Common in new builds and condos.
  • Ensures legal possession rights.

Related Terms

  • Interim Occupancy
  • Building Permit
  • New Construction
  • Final Inspection
  • Municipal Compliance

Additional Terms

Recourse Loan

A recourse loan is a type of loan where the lender can pursue the borrower’s personal assets, beyond the collateral, in the event of default.. more

Pari Passu

A pari passu clause is a contractual provision ensuring that multiple creditors share equally in repayment priority from the borrower’s assets.. more

Non-Recourse Loan

A non-recourse loan is a type of loan where the lender’s only remedy in case of default is to seize the collateral property; the borrower is not. more

Net Operating Income

Net operating income (NOI) is the total income generated by a property after operating expenses are deducted but before taxes and financing costs.. more

Mechanic's Lien

A mechanic’s lien is a legal claim by a contractor, subcontractor, or supplier for unpaid work or materials provided for a property.. more

Lis Pendens

Lis pendens is a legal notice filed in the land registry indicating that a property is subject to ongoing litigation that may affect its title.. more

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