Approved rental application - binding or no?

[kiwissima]

Hello!

I have made a rental application for one apartment in Ontario. It contained my personal, bank and income information, no other clauses were included. I did not make any cheque or money order payment. This application has been approved and I have scheduled an appointment for signing a lease agreement.
However, in meantime, I found another apartment, that I like more. Is the previous rental application binding for me? Can I notify the property manager that I simply do not want to proceed with the rental agreement?

Thank you!

 

[APPNOV2014NY]

You are OK as long as you haven't signed the lease.

 

[kiwissima]

You are OK as long as you haven't signed the lease.

Thank you for your reply!

In the Residential Tenancies Act, I found this definition of tenancy agreement:

“tenancy agreement” means a written, oral or implied agreement between a tenant and a landlord for occupancy of a rental unit and includes a licence to occupy a rental unit"

That is why I got a little bit confused since I had an email communication with the property manager about my intention to proceed with the rental agreement and I have also noticed that they removed this unit from their listing.