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:

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

    • See Link:​http://www.trebhome.com/index.php/buying/calculators

  • Title Insurance

    • See link for Quote:​

    • ​

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! ​

NOTARY: $20 (up to 4 seals)

• True Copies

• Affidavits

• Statutory Declarations 

• Commission of Oaths

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

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