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Sounds like the key needs to be reprogrammed. They can do it at the dealership for a nominal fee, you could also find instructions online to reprogram it yourself. Cost wise, I've heard it varies from "free" to $90 "diagnostic fee". But that is here in the states, not sure what they would charge up there.
Since you haven't bought the car yet - might be something you can work with the owner to remedy or use that to negotiate a new price to account for that. Also double check that the FCC number on the bottom of the key matches between the two. If they are different, there is a chance that the key will not work - dealership will have more information on that.
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2002 Corolla S, 1.8L 1ZZ-FE VVT-i
2003 Matrix XRS, 1.8L 2ZZ-GE, VVTL-i (RIP)
2009 Matrix XRS, 2.4L 2AZ-FE VVT-i
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