10/19/2026
You agreed on a price. Then the closing paperwork shows a different number, and suddenly you're wondering what you missed.
Meet the statement of adjustments.
It's the closing document that settles who pays for what. The ongoing costs of the property are split fairly between buyer and seller as of the possession date.
Many buyers and sellers assume the purchase price is the amount that changes hands at closing. The price is really just the starting line. The adjustments move the final figure up or down.
Here's one ordinary example.
Say the seller has already paid the property taxes for the whole year. The buyer takes possession partway through. The adjustment credits the seller for the months after possession, so each side pays only for the time they own the home.
In the image, the red line is the possession date. Everything to its right is the buyer's time.
Once you see that one line, the rest of the page starts to make sense.
Adjustments are an accounting of costs the buyer and seller share. Nothing on that page should be a mystery to you before closing day.
Walking clients through each line before closing is part of the practical real estate work we do.
If you are buying or selling a home in Calgary, Strathmore, or the surrounding communities, our real estate team is here to help walk you through your statement of adjustments before you sign. 🏠