At PKC Law Professional Corporation, we specialize in comprehensive real estate conveyancing services for individuals and businesses in Ontario. Whether you're a first-time homebuyer, seasoned investor, or commercial entity, we provide exceptional legal solutions for all your real estate transactions.
From buying and selling to refinancing and second mortgages, our experienced team guides you through every step with expertise and care. Additionally, we offer trusted notary services to support all your legal needs. Choose PKC Law for expert real estate law services in Ontario.
Services
Note: Starting prices are legal fees only and NOT disbursements and other closing costs (example, land transfer tax)
What is a real estate lawyer?
A real estate lawyer in Ontario safeguards your rights by ensuring all parties adhere to the terms of your agreement and that you receive a clear title to the property. Legal jargon can be complex, making it crucial to have a trusted lawyer by your side. Your real estate lawyer represents your best interests, clarifies any uncertainties, and enables you to sign with confidence. Their expertise in navigating the rules and regulations of real estate transactions provides valuable guidance throughout the process.
Throughout the transaction, your real estate lawyer in Ontario prioritizes your best interests. They review the purchase agreement to ensure clarity and protect your rights by scrutinizing offers on properties. If misunderstandings arise or revisions are needed, they are readily available to provide assistance and guidance.
Beyond transactional support, an Ontario real estate lawyer helps navigate zoning and planning regulations, unique condominium laws, and your rights and obligations as a buyer or seller. With their comprehensive understanding of Ontario real estate law, they serve as your trusted advisor, guiding you through every aspect of the transaction with confidence and clarity. Real estate lawyers handle a wide range of tasks, including:
Title Search and Examination
They review property titles to ensure there are no outstanding liens, encumbrances, or legal issues that could affect the transaction.
Drafting and Reviewing Contracts
They prepare and review contracts, purchase agreements, lease agreements, and other legal documents to ensure the terms are fair and protect their client's interests.
Negotiation
They negotiate terms and conditions of real estate transactions on behalf of their clients to achieve favorable outcomes.
Closing Procedures
They oversee the closing process, ensuring all legal requirements are met, funds are transferred securely, and documents are properly executed.
Legal Advice
They provide legal advice and guidance to clients on matters such as property rights, zoning laws, land use regulations, and compliance with local ordinances.
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Who needs a real estate lawyer in Ontario?
Whether you're buying, selling, leasing, or developing real estate in Ontario, having a trusted real estate lawyer by your side can make all the difference. Here are just a few ways different parties involved in Ontario real estate transactions can benefit from their expertise:
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Ontario Homebuyers and Sellers
A real estate lawyer ensures your transaction proceeds smoothly and your rights are protected. From reviewing contracts to handling the closing process, they provide invaluable guidance every step of the way.
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Ontario Real Estate Investors
Navigate complex transactions and address any legal issues with the assistance of a real estate lawyer. Whether you're buying or selling multiple properties in Ontario, their expertise can help you achieve your investment goals.
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Ontario Financial Institutions
Banks, mortgage lenders, and other Ontario financial institutions involved in real estate transactions rely on legal representation to ensure compliance with lending laws and regulations, handle foreclosures, and address legal issues related to property ownership.
No matter your role in a real estate transaction, having a real estate lawyer on your team provides peace of mind and protects your interests.
Why choose us?
When you entrust us with your Ontario real estate needs, you're not merely engaging legal expertise – you're gaining direct access to a committed advocate who prioritizes your interests above all else.
We oversee every facet of your case, ensuring meticulous attention to detail and personalized care throughout the process. Whether your preference is for in-person consultations or virtual meetings.
We are dedicated to accommodating your schedule and unique circumstances to facilitate a seamless experience.
Should the need arise for meetings outside traditional business hours, rest assured that we are committed to going above and beyond to meet your needs.
Beyond the realm of legal services, our aim is to cultivate a welcoming and supportive atmosphere where you feel valued and understood.
We pride ourselves on fostering a professional yet approachable demeanor, characterized by friendliness, personability, and a genuine concern for your welfare.
You can trust in the assurance that you are in capable hands every step of the way.
Commitment To Excellence
Dedicated Support
Personalized Attention
Experience
Frequently Asked Questions
What is the difference between legal fees and disbursements? +
Legal Fees: Legal fees are the charges for the services provided by your real estate lawyer. These fees can be quoted as a flat rate for the entire service or based on an hourly rate with an estimate of the time required. Legal fees cover tasks such as drafting and reviewing contracts, providing legal advice, and representing you throughout the transaction process.
Disbursements:
Disbursements are expenses incurred by your lawyer on your behalf during the real estate transaction. These costs include but are not limited to charges for services such as property searches, land title registration fees, courier fees, land transfer tax, tax certificate and title insurance. Disbursements are essential for ensuring the proper completion of the transaction.
Clients should be aware that disbursements can accumulate and may vary depending on the complexity of the transaction and specific services required.
It's important for clients to understand both legal fees and disbursements to accurately budget for their real estate transaction. Our team can provide transparency regarding these costs and help you navigate through the process smoothly.
When and where will the signing be? +
We understand the importance of flexibility and convenience in real estate transactions. Whether you prefer in-person or virtual signing, we offer both options to accommodate your needs. Our clients have the flexibility to choose the method that suits them best, ensuring a seamless and efficient signing process. Additionally, if circumstances prevent you from visiting our office, such as disability or other constraints, we are committed to making the signing process accessible. Our team is prepared to travel to your location to facilitate the signing, ensuring that every client can complete their transaction comfortably and with ease. Get in touch with us to discuss your preferences and make arrangements for a smooth signing experience.
How much land transfer tax will I pay? +
In Ontario, buyers are responsible for the land transfer tax, whether for residential or commercial properties. It's crucial to include this expense when budgeting for your property purchase, as it must be paid in full before the property can be registered under the new owner's name. Both Toronto and Ontario land transfer taxes operate on a sliding scale, with rates dependent on the value of the property.
Effective January 1, 2017, the tax rates vary based on the agreement date of purchase and sale. Toronto's land transfer tax applies in addition to Ontario's, with rates differing slightly. The introduction of municipal land transfer tax (MLTT) further impacts Toronto properties. As of September 6, 2023, changes were implemented, adjusting the MLTT rate structure and rebate eligibility criteria.
Ontario Land Transfer Tax Rates:
| Value of Consideration | Tax Rate |
|---|---|
| Up to $55,000 | 0.5% |
| $55,000.01 to $250,000 | 1.0% |
| $250,000.01 to $400,000 | 1.5% |
| $400,000.01 to $2,000,000 | 2.0% |
| Over $2,000,000 | 2.5% |
| Over $3,000,000 and up to $4,000,000 | 3.5% |
| Over $4,000,000 and up to $5,000,000 | 4.5% |
| Over $5,000,000 and up to $10,000,000 | 5.5% |
| Over $10,000,000 and up to $20,000,000 | 6.5% |
| Over $20,000,000 | 7.5% |
Toronto Land Transfer Tax Rates:
| Value of Consideration | Tax Rate |
|---|---|
| Up to $55,000 | 0.5% |
| $55,000.01 to $250,000 | 1.0% |
| $250,000.01 to $400,000 | 1.5% |
| $400,000.01 to $2,000,000 | 2.0% |
| Over $2,000,000 | 2.5% |
| Over $3,000,000 and up to $4,000,000 | 3.5% |
| Over $4,000,000 and up to $5,000,000 | 4.5% |
| Over $5,000,000 and up to $10,000,000 | 5.5% |
| Over $10,000,000 and up to $20,000,000 | 6.5% |
| Over $20,000,000 | 7.5% |
In Alberta, there is no land transfer tax. However, buyers are responsible for nominal fees associated with title transfer and mortgage registration. For the title transfer, a fee of $50 is applicable, along with an additional charge of $2 for every $5,000 of the property's purchase price. Similarly, for mortgage registration, a fee of $50 is required, plus an additional $1.50 for every $5,000 of the mortgage amount.
Exemptions and rebates are available for first-time homebuyers. To determine if you qualify for these benefits, please get in touch with our team. We're here to provide guidance and assistance tailored to your specific circumstances.
Who will be working on my case? +
Your real estate transaction will be handled by our experienced team, with a focus on providing personalized attention to every detail. Throughout the process, your dedicated lawyer will oversee each step, ensuring that your transaction progresses smoothly and efficiently. Rest assured that your lawyer will be actively involved in all aspects of your case, from initial consultation to final signing. Our commitment to excellence means that you can trust us to handle your transaction with the utmost professionalism and expertise. Should there be any future adjustments to our team structure, rest assured that our primary goal remains consistent: to provide you with exceptional service and peace of mind throughout your real estate journey.
What is title insurance? +
What is Title Insurance? Title insurance is a form of protection that safeguards property owners and lenders against potential issues with the title of a property. These issues can include undisclosed liens, encroachments, errors in public records, or even fraud. Title insurance provides coverage for legal expenses incurred in defending a title and compensates for financial losses resulting from covered title defects. It's important to note that title insurance comprises two distinct policies: one tailored for property owners and another for lenders. Each policy serves to safeguard the interests of its respective holder, ensuring comprehensive protection against unforeseen title-related challenges.
How is it Paid? When is it Due? Title insurance is a one-time premium paid at the time of property purchase or mortgage financing. The cost of title insurance can vary depending on factors such as the property's value and location, as well as the insurance provider. It's important to note that while the premium is paid upfront, the coverage remains in effect for as long as the insured party owns the property or holds the mortgage.
In summary, title insurance offers peace of mind by mitigating risks associated with property ownership or mortgage financing. By paying a one-time premium, property owners and lenders can protect themselves against unforeseen title issues that may arise in the future.
Areas served in Ontario
- Ajax, Ontario
- Aurora, Ontario
- Brampton, Ontario
- Brock, Ontario
- Burlington, Ontario
- Caledon, Ontario
- Clarington, Ontario
- East Gwillimbury, Ontario
- Etobicoke, Ontario
- Georgetown, Ontario
- Georgina, Ontario
- Grimsby, Ontario
- Hamilton, Ontario
- Halton Hills, Ontario
- King, Ontario
- Markham, Ontario
- Milton, Ontario
- Mississauga, Ontario
- Newmarket, Ontario
- Oakville, Ontario
- Oshawa, Ontario
- Pickering, Ontario
- Richmond Hill, Ontario
- Scugog, Ontario
- Toronto, Ontario
- Uxbridge, Ontario
- Vaughan, Ontario
- Whitby, Ontario
- Whitchurch-Stouffville, Ontario