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.

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.

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:

Toronto Land Transfer Tax Rates:

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.

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? 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.