The timeframe specified in a conditional offer during which the buyer must complete a home inspection and decide whether to proceed with the purchase. In Ontario, this is typically 3 to 7 business days from offer acceptance. The buyer can waive the condition (proceed), request repairs or a price reduction, or walk away from the deal.
Why It Matters
This is your window to uncover hidden problems before you're legally committed. In competitive GTA markets, buyers sometimes feel pressured to shorten or skip this period -- but rushing an inspection or skipping one entirely can leave you with costly surprises after closing.
Real-World Example
Your conditional offer on a semi in Danforth Village is accepted with a 5-business-day inspection period. You book a home inspector for day two, who discovers an aging roof with missing shingles and signs of water damage in the attic. You use the inspection report to negotiate a $15,000 price reduction. The seller agrees, you waive the inspection condition on day four, and the deal moves forward.
Ontario & GTA Context
Ontario does not mandate home inspections by law, and there is no statutory minimum inspection period. The inspection period is negotiated between buyer and seller as part of the conditional offer. Home inspectors in Ontario should be insured and certified, though the industry is not currently licensed by the province.
How It Works in Practice
Book your inspector before you make your offer so they can come as soon as the offer is accepted. Attend the inspection in person if possible -- a good inspector will walk you through their findings and help you understand what is normal wear versus a serious issue. Use the report to make informed decisions, not as a tool to renegotiate in bad faith.
Common Questions
How much does a home inspection cost in Ontario?▾
Can I extend the inspection period?▾
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