Unlike other firms, a signing appointment with a Lawyer.
*These fixed closing costs on purchases apply to all standard single-family residential Whole Lot Land Titles purchases in the GTA for and acting on one institutional mortgage and up to two purchasers and two vendors. A standard transaction is one that is closed in accordance with its terms and without any unusual problems, clauses, or requirements. Our purchase quotes include any H.S.T. on the Title Insurance. H.S.T. applies only to the fixed closing costs above. Government Document Registration Charges, Teranet search Charges, Status Certificates, Payments for Creditor Letters regarding similar name executions and Fees Charged by the Government are not included. Title insurance costs may vary but will not exceed the figure in our quote unless your mortgage is for an amount higher than your purchase price. Occupancy Closings, if applicable, are not included.Almost all of our transactions or standard transactions. The only disbursements on top of those above comply with LSUC Rule 4.2-2.1: HST, Land Transfer Tax and Government Document Registration Fees as noted, fees charged by government agencies., Teranet fees, costs of condo status certificate and lawyers creditor’s letters. Land transfer taxes are not included. The only disbursements on top of those above comply with LSUC Rule 4.2-2.1: HST, Land Transfer Tax and Government Document Registration Fees as noted, fees charged by government agencies., Teranet fees, costs of condo status certificate and lawyers creditor’s letters. Land transfer taxes are not included.
Total Land Transfer Taxes and registrations depend on the purchase price and are not included. The 15% Ontario Foreign Buyers taxes are also not included. You may also be eligible for an instant refund of up to $4000.00 / in Provincial Land Transfer Taxes and a full exemption ( up to $8475) of the Toronto Land Transfer Tax.
In accordance with Law Society Requirements with respect to fees paid by the Title Insurers for the arrangement of Title Insurance we would advise that part of the total costs of Title Insurance include a fee paid to ourselves as your lawyers for arranging the title insurance policy. The amount of the fee paid by the Title Insurer will depend on the type and cost of the policy but the total amount you will be paying for title insurance will always be included in our fixed closing cost quote.
We must be retained and receive the Agreement of Purchase and Sale at least seven days and any mortgage documentation at least 5 business days prior to closing.
Note that additional charges apply to cartage properties, unusual and uncommon agreement of purchase and sale and related clauses, commercial properties, occupancy closings, investment properties, lines of credit or additional mortgages/lines of credit, private mortgages, assignment of rents, bridge loans and receiving the Agreement of Purchase and Sale and any mortgage documentation within 7 business days of closing or any other matter beyond the scope of a standard real estate transaction noted above.
Please also note that holding and disbursing funds to multiple parties after closing will not be included.
Please also note that we do reserve the right not to act on the completion of any transaction at our discretion.
*Our Fixed Sale Closing Costs above include paying out and existing institutional first mortgage and all closing costs except the Law Society Transaction Levy and HST. Additional mortgages, liens, executions or search is required to make such payments are not included. Government Document Registration Charges, Teranet part lot search Charges, Status Certificates, Payments for Creditor Letters regarding similar name executions and Fees Charged by the Government are not included.
Our Refinance costs include paying out and existing institutional first mortgage and all closing costs except the Law Society Transaction Levy and HST for a mortgage up to $750,000 . Government Document Registration Charges, Teranet Charges, Status Certificates, Lender Required Title Insurance, Bank Wire Fees ,Payments for Creditor Letters regarding similar name executions and Fees Charged by the Government are not included.
The only disbursements on top of those above comply with LSUC Rule 4.2-2.1: HST, Land Transfer Tax and Government Document Registration Fees as noted, fees charged by government agencies., Teranet fees, costs of condo status certificate and lawyers creditor’s letters. We would be happy to give you an estimate of these on your transaction if you would like.
Please note that all of our quotes do not apply to tenanted or commercial properties. Please call us to discuss what may be involved in such transactions. Please also note that it is required that we receive the agreement at least seven business days prior to closing and any mortgage instructions five days prior to closing. Additional charges may apply to investment properties, commercial properties, bridge loans, or other work outside the scope of a standard real estate transaction. Please also note that Covid-19 related Bank Wiring Charges may also temporarily apply. Please feel free to call us for a detailed fixed closing cost quote for such unusual transactions.
A standard transaction is one completed in accordance with the terms of the agreement of purchase and sale without any title problems, delays in getting mortgage instruction or payout statement, extension requests, liens to discharge, executions to payout and lift, disputes as to division or payment of funds, legal actions or disputes between the vendor and purchaser or significant legal issues which do not normally arise in a typical real estate transaction. We are happy to note that the vast majority transaction close without any such issues.
Our Title Transfer costs include all costs except Government Document Registration Charges, Teranet Charges, Status Certificates, Payments for Creditor Letters regarding similar name executions and Fees Charged by the Government are not included.