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:

•  

  • Land transfer tax (if in Toronto, additional Toronto Land Transfer Tax)

    • See Link: https://trreb.ca/index.php/buying/calculators

  • Title Insurance

    • See link for Quote:

      • https://www.stepsonline.ca/Transaction/PremiumCalculator​

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 

  •  https://www.stepsonline.ca/Transaction/PremiumCalculator

• Other Charges (where applicable):

  • Debt payouts - $50/debt

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

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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

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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.

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