Typical Closing Charges

BUYING: 

[Assuming the transaction is of normal complexity] NOTE that Land Transfer Tax, Disbursements [i.e. searches, courier fees, bank fees, software fees], Registration, and title insurance are in addition to]

  • Legal Fee - Purchase + 1 Mortgage: $1,049 + HST (inclusive of postage and photocopies)

    • 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 (~$350).

  • Disbursements 

    • Generally between $395-550

    •   (please call to qualify your transaction)   

  • Ministry of Finance:

    • $78.79 for Transfer

    • $78.79 for Mortgage (if applicable)

  • IF Property Purchased is in Toronto:

    • MLTT Fee – $91.63

    • Additional Costs contingent on acquisition price:

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Additional Charges - Condo

  • Status Certificate Review:

    • $175-275

  • Interim Closings 

    • $500 Legal + HST + Disbursements 

CONTRACT REVIEW

  • New Purchase - Builder starting at $549 + 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): $300 + HST

SELLING: 

**Assuming the transaction is of normal complexity **

·    Legal Fee - Sale + 1 Mortgage Discharge: $899 + HST (inclusive of postage and photocopies) 

·    Additional Mortgages/Bridge Discharge: $200 each

·    Disbursements ~$500 maximum 

·      (please call to qualify your transaction)   

·    LSUC Levy Fee - $65

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

  • Registration - $78.79 for each access (Power of attorney in regards to this - $200 + $78.79 registration.

REFINANCE: 

  • Legal Fee - $899 (includes discharge of 1 mortgage) + HST

  • Additional Mortgages/Bridge Discharge: $200 each

  • Disbursements usually ~$310-$450  (please call to qualify your transaction) 

  • Registration - $78.79 per instrument 

  • Title Insurance - See calculator 

  • Other Charges (where applicable):

    • Debt payouts - $50/debt

    • Rush fee ($200-350) for less than 1 weeks' notice 

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

  • Legal Fee - Transfer $899 + HST

    • includes ILA preparation

  • Disbursements usually ~$310-500

  •   (please call to qualify your transaction)   

  • Other Fees which will apply:

    • ILA (depending on other lawyer)

    • Title insurance 

      • Amount Depends on Insurer

    • Land Transfer Tax 

    • Ministry of Finance:

      • $78.79 for Transfer

      • IF Property is in Toronto:

        • MLTT Fee – $91.63

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

  • IF REFINANCE/CHARGE/MORTGAGE

    • $1600 + HST 

      • includes transfer and ILA document preparation

  • Disbursements usually $310-500

  • Other Fees which will apply:

    • ILA (depending on other lawyer)

    • Title insurance 

      • Amount Depends on Insurer

      • Land Transfer Tax 

    • Ministry of Finance:

      • $77.62 for Transfer

      • $77.62 for Mortgage

    • IF Property is in Toronto:

      • MLTT Fee – $89.84

    • 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 (~$350).

NOTARY: $20 - Per Document for:

1) True Copies

2) Affidavits

3) Statutory Declarations

4) Commission of Oaths

 

POWER OF ATTORNEY NOTARY $40 per document.

 

Multiple Documents? Call for quote.

 

 

HOURLY RATES: $350

  • Non-Transaction Related Consultations 

  • Legal Advice Letters

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