HEAD OFFICE - Markham Location:

Located at the Real Estate Business Centre - Markham

Unit 88 - 7393 Markham Rd., Markham, ON

Downtown-Markham 

8321 Kennedy Road

Units 92 & 93

Markham, Ontario L3R 5N4

O:905-554-7465

F: 1-905-390-3031

E: info@rathorebaig.com

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Typical Closing Charges

BUYING: ~$1,150-$1,345

(Most buyers will not pay more than $1,250 on a purchase including Legal, HST, and Disbursements. [Assuming the transaction is of normal complexity] NOTE that Land Transfer Tax, Registration, and title insurance are in addition to)

  • Legal Fee - Purchase + 1 Mortgage: $899 + HST

    • we require mortgage instructions at least 1 week prior to the closing date. If we are not in receipt of the instructions at least 1 week prior to closing, a rush fee will be applied to the transaction (~$300).​

  • Disbursements ~$305 maximum

    • Generally between $170-230

  • Ministry of Finance:

    • $75.65 for Transfer

    • $75.65 for Mortgage (if applicable)

  • IF Property Purchased is in Toronto:

    • MLTT Fee – $84.75

  • Additional Costs contingent on acquisition price:

Additional Charges - Condo

  • Status Certificate Review:

    • $150-$250

  • Interim Closings 

    • $400 Legal + HST + Disbursements 

CONTRACT REVIEW

  • New Purchase - Builder $499 + HST 

    • For condo: We will not be reviewing the disclosure documents + by-laws – we will only be reviewing the agreement​​

  • Assignment: OREA + Original Agreement review + in-person meeting to discuss terms and conditions + feedback : $1500 + HST (non-refundable)

    • For condo: We will not be reviewing the disclosure documents + by-laws – we will only be reviewing the agreement​

  • Review of Assignment Terms (if any): $150 + HST

SELLING: ~$950-$1050

**Most of Our Sellers won't have to pay more than $975 to close inclusive of Disbursements and HST! - Assuming the transaction is of normal complexity **)

  • Legal Fee - Sale + 1 Mortgage Discharge: $699 + HST

  • Additional Mortgages: $150 each

  • Disbursements ~$250 maximum

    • Generally between $55-85

  • LSUC Levy Fee - $65

  • IF NECESSARY (Most Transactions do NOT require these):

    • Registration - $75.63 for each access (Power of attorney in regards to this - $150 + $75.63 registration.

REFINANCE: ~$925-$1050

  • Legal Fee - $700 (includes discharge of 1 mortgage) + HST

  • Additional Mortgages: $100 each

  • Disbursements ~$90-200 (please call to qualify your transaction) 

  • Registration - $75.63 per instrument 

  • Title Insurance - See calculator 

  • Other Charges (where applicable):

    • Debt payouts - $25/debt ​

    • Rush fee ($150-300) for less than 1 weeks' notice 

Additional Charges - Other

  • Discharge of BRIDGE

    • $100-150

NOW OFFERING:

**MOBILE SIGNING SERVICE** FOR PURCHASES AND SALES! 

  • Depending on Location:

    • $150 - $300   

      • Please call the office for a quote! ​

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NOTARY: $20 (up to 4 seals)

  • True Copies

  • Affidavits

  • Statutory Declarations 

  • Commission of Oaths

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TRANSFER (Gift/inter-Family) WITHOUT MORTGAGE - for nominal consideration:

  • Legal Fee - Transfer $649 + HST

    • includes ILA preparation

  • Disbursements ~$90-250

    • Generally between $55-85

  • Other Fees which will apply:

    •  ​ILA (depending on other lawyer)

  • Other fees which may apply

    • Title insurance  

      • Amount Depends on Insurer​

    • Land Transfer Tax 

    • Ministry of Finance:

      • $75.63 for Transfer

      • IF Property is in Toronto:

        • MLTT Fee – $84.75

TRANSFER (Gift/inter-Family) WITH MORTGAGE/REFINANCE:

  • IF REFINANCE/CHARGE/MORTGAGE

    • $1350 + HST 

      • includes transfer and ILA document preparation ​

  • Disbursements ~$90-250

    • Generally between $55-85

  • Other Fees which will apply:

    •  ​ILA (depending on other lawyer)

  • Other fees which may apply

    • Title insurance  

      • Amount Depends on Insurer​

    • Land Transfer Tax 

    • Ministry of Finance:

      • $75.63 for Transfer

      • $75.63 for Mortgage

    • IF Property is in Toronto:

      • MLTT Fee – $84.75

    • we require mortgage instructions at least 1 week prior to the closing date. If we are not in receipt of the instructions at least 1 week prior to closing, a rush fee will be applied to the transaction (~$300).​

HOURLY RATES: $175

  • Non-Transaction Related Consultations 

  • Legal Advice Letters

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Please call for more information. E.O. & E.