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]
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Legal Fee - Purchase + 1 Mortgage: $999 + HST (inclusive of postage and photocopies)
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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).
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Disbursements
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Generally between $275-335
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(please call to qualify your transaction)
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Ministry of Finance:
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$77.62 for Transfer
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$77.62 for Mortgage (if applicable)
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IF Property Purchased is in Toronto:
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MLTT Fee – $89.84
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Additional Costs contingent on acquisition price:
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Land transfer tax (if in Toronto, additional Toronto Land Transfer Tax)
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See Link:
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Title Insurance
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See link for Quote:
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Additional Charges - Condo
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Status Certificate Review:
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$150-$250
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Interim Closings
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$500 Legal + HST + Disbursements
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CONTRACT REVIEW
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New Purchase - Builder starting at $499 + HST
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For condo: We will not be reviewing the disclosure documents + by-laws – we will only be reviewing the agreement
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Assignment: OREA + Original Agreement review + in-person meeting to discuss terms and conditions + feedback : $1500 + HST (non-refundable)
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For condo: We will not be reviewing the disclosure documents + by-laws – we will only be reviewing the agreement
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Review of Assignment Terms (if any): $150 + HST
SELLING:
**Assuming the transaction is of normal complexity **
· Legal Fee - Sale + 1 Mortgage Discharge: $799 + HST (inclusive of postage and photocopies)
· Additional Mortgages/Bridge Discharge: $150 each
· Disbursements ~$350 maximum
· (please call to qualify your transaction)
· LSUC Levy Fee - $65
· IF NECESSARY (Most Transactions do NOT require these):
oRegistration - $77.62 for each access (Power of attorney in regards to this - $150 + $77.62 registration.
REFINANCE:
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Legal Fee - $799 (includes discharge of 1 mortgage) + HST
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Additional Mortgages/Bridge Discharge: $150 each
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Disbursements usually ~$190-300 (please call to qualify your transaction)
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Registration - $77.62 per instrument
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Title Insurance - See calculator
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Other Charges (where applicable):
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Debt payouts - $50/debt
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Rush fee ($150-300) for less than 1 weeks' notice
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NOW OFFERING:
**MOBILE SIGNING SERVICE** FOR PURCHASES AND SALES!
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Depending on Location:
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$150 - $300
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Please call the office for a quote!
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NOTARY: $20 (up to 4 seals)
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True Copies
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Affidavits
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Statutory Declarations
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Commission of Oaths
TRANSFER (Gift/inter-Family) WITHOUT MORTGAGE - for nominal consideration:
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Legal Fee - Transfer $749 + HST
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includes ILA preparation
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Disbursements usually ~$190-350
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(please call to qualify your transaction)
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Other Fees which will apply:
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ILA (depending on other lawyer)
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Other fees which may apply
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Title insurance
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Amount Depends on Insurer
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Land Transfer Tax
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Ministry of Finance:
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$77.62 for Transfer
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IF Property is in Toronto:
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MLTT Fee – $89.84
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TRANSFER (Gift/inter-Family) WITH MORTGAGE/REFINANCE:
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IF REFINANCE/CHARGE/MORTGAGE
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$1450 + HST
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includes transfer and ILA document preparation
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Disbursements usually $190-350
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Other Fees which will apply:
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ILA (depending on other lawyer)
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Other fees which may apply
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Title insurance
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Amount Depends on Insurer
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Land Transfer Tax
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Ministry of Finance:
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$77.62 for Transfer
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$77.62 for Mortgage
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IF Property is in Toronto:
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MLTT Fee – $89.84
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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).
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HOURLY RATES: $350
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Non-Transaction Related Consultations
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Legal Advice Letters
Please call for more information. E.O. & E.