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In Ontario, what is the standard time period for a buyer to remove conditions in a residential offer?

Correct Answer

C) The time period is specified in the individual offer

There is no standard mandated time period for condition removal in Ontario. The time periods for fulfilling or waiving conditions are negotiated and specified in each individual Agreement of Purchase and Sale based on the specific circumstances of the transaction.

Answer Options
A
24 hours from acceptance
B
5 business days from acceptance
C
The time period is specified in the individual offer
D
30 days from the offer date

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