Frequently Asked Questions

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Which homes qualify for Sale Assurance?

Currently, Properly's Sale Assurance is available in the Greater Toronto Area, Greater Vancouver Area, and Surrey.

Properly offers Sale Assurance when we are able to confidently estimate a home’s selling price. The following table details the home features that qualify in each city:

 

Detached and semi-detached

Townhouses (condo or freehold)

Condo apartments

Property value

  • GTA:
    • City of Toronto: $500,000 to $2,750,000
    • Mississauga, Brampton Richmond Hill, Vaughan, Markham, Caledon, and Oakville: $500,000 to $2,250,000
    • Remaining GTA regions: $500,000 to $1,500,000
  • Greater Vancouver Area:
    • Vancouver, North Vancouver, and Richmond: $750,000 to $2,750,000
    • West Vancouver: $1,250,000 to $2,500,000
    • Burnaby: $750,000 to $2,500,000
    • Abbotsford, Langley, North Delta, Surrey: $600,000 to $1,750,000
    • Coquitlam, Delta/Ladner, Maple Ridge/Pitt Meadows, New Westminster, Port Coquitlam, Port Moody, Tsawwassen: $500,000 to $2,250,000
    • Squamish: $500,000 to $2,250,000
  • GTA:
    • City of Toronto: $500,00 to $2,000,000
    • Mississauga, Brampton Richmond Hill, Vaughan, Markham, and Oakville: $500,000 to $1,750,000
    • Rest of GTA: $500,000 to $1,500,000
  • Greater Vancouver Area:
    • Vancouver and North Vancouver: $500,000 to $1,500,000
    • No West Vancouver Towns
    • Richmond and Burnaby: $500,000 to $1,250,000
    • Abbotsford, Langley, North Delta, Surrey: $300,000 to $1,000,000
    • Coquitlam, Delta/Ladner, Maple Ridge/Pitt Meadows, New Westminster, Port Coquitlam, Port Moody, Tsawwassen: $0 to $1,250,000
    • Squamish: $0 to $1,250,000
  • All of GTA: $300,000 and $1,000,000
  • Greater Vancouver Area:
    • Vancouver and North Vancouver: $0 to $1,250,000
    • West Vancouver: $500,000 to $1,250,000
    • Burnaby: $0 to $1,000,000
    • Abbotsford, Langley, North Delta, Surrey: $0 to $500,000
    • Richmond, Coquitlam, Delta/Ladner, Maple Ridge/Pitt Meadows, New Westminster, Port Coquitlam, Port Moody, Tsawwassen: $0 to $750,000
    • Squamish: $0 to $750,000

Age

No age restriction

  • Greater Toronto Area:
    • If standalone without units on top or below:
      • No age restriction
    • If stacked townhouse:
      • Built after 2000
  • Greater Vancouver Area: 
    • If standalone without units on top or below:
      • No age restriction
    • If stacked townhouse:
      • Built after 1990
  • Greater Toronto Area:
    • Built after 2000
  • Greater Vancouver Area
    • Built after 1990

Home features

  • Greater Toronto Area:
    • 1+ full bathrooms
  • All:
    • 2+ bedrooms above ground
    • 1-acre lot size or smaller
  • Condo townhomes and freehold townhomes, non-stacked:
    • Greater Toronto Area: 1+ full bathrooms
    • All other: 1+ full bathrooms and 1+ half bathrooms
    • 2+ bedrooms above ground
    • 1-acre lot size or smaller
  • Stacked condo townhomes:
    • Not a studio (0 bedrooms)
    • Not a condo-hotel
    • Maint. fees <$1.10 / sq ft
    • Not leased at the time of closing
    • Not on the CMHC blacklist (i.e. able to be insured)
  • Not a studio (0 bedrooms)
  • Not a condo-hotel
  • Maint. fees <$1.10 / sq ft
  • Not leased at the time of closing
  • Not on the CMHC blacklist (i.e. able to be insured)

 

Other restrictions

  • Not in Dufferin County or Simcoe County
  • Not in age-restricted communities
  • Not in a flood zone
  • Not used for grow-op
  • Free of foundation issues
  • Free of Masonite woodruff roofs
  • Not leased at the time of closing
  • Not on designated (or under dispute for designation) as First Nation reserves, Tribal Councils, political organizations and land covered by treaties
  • Sale Assurance is not available in Anmore, Belcarra, Bowen Island, Egmont, Furry Creek, Galiano Island/Mayne Islane/Saturna Island, Gibsons/Langdale, Garden Bay, Halfmoon Bay, Keats Island, Lions Bay, Madeira Park, Mission, Pemberton, Roberts Creek, Sechelt, Whistler, or White Rock.

 

With shifting market conditions, some homes may no longer qualify for Sale Assurance, please contact one of our Properly team members to learn more about your eligibility and options.

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