This tool will only provide an estimate of the costs of your real estate transaction, and should NOT be considered a pricing quote. Although we had done our best to cover the most common scenarios, many of the costs included here may be different for your situation
If you would like to receive a personalized quote of the legal fees please Contact Us.
The cost of Land Transfer Tax, Title insurance and disbursements related to registration fees, search fees and government fees can only be provided prior to transaction closing date.
| ENTER YOUR TRANSACTION DETAILS | double-click to select | |
| Choose Transaction Type: | PURCHASE | |
| Enter your Transaction Price | 100000 | |
| Ontario Land Transfer Tax | 725 | |
| Is the property in Toronto? | NO | |
| Toronto Land Transfer Tax | 0 | |
| Are you a first time buyer? | YES | |
| Land Transfer Tax Rebate | 4000 | |
| Mortgage existing or required? | YES | |
| LEGAL FEES | In accordance to Law Society guidelines 4.2-2.1, the price estimate is inclusive of all fees for legal services, disbursements, third party charges and other amounts except for the harmonized sales tax and the following permitted disbursements: land transfer tax, government document registration fees, fees charged by government, Teranet fees, the cost of a condominium status certificate, payment for letters from creditors' lawyers regarding similar name executions and any title insurance premium | |
| Our Fee for Transaction (includes $100 discount for feedback/review) | 999 | |
| Our Fee for Mortgage/Discharge (if applicable) | 400 | |
| Disbursements (estimate) | 350 | |
| GOVERNMENT AND SEARCH FEES | ||
| Ontario LTT (estimate) | 0 | Ontario Land Transfer Tax payable after first time buyer rebate is applied |
| Registration fees (estimate) | 155.24 | Registration fees for ONE title transfer and ONE mortgage |
| Toronto LTT (estimate) | 0 | Toronto Land Transfer Tax payable after first time buyer rebate is applied |
| Title Insurance (estimate) | 325 | This is an estimate of your title insurance premium for purchase of a resale family home. The title insurance company exclusively determines the price of your title insurance premium based on their underwriting risk assessment. The final price of your title insurance premium will be provided to you with your closing costs breakdown when we receive the amount from the title insurance company prior to closing. |
| Title Search (estimate) | 120 | Includes fees charged by government, Teranet fees, the cost of a condominium status certificate if applicable, and sale transaction levy. These fees vary according to the property, number of entities on the title, etc. Final price will be provided prior to closing. |
What is covered by the Legal Fees and Disbursements ?
- reviewing the executed agreement of purchase and sale;
- performing a search of title and reviewing the same;
- submitting requisitions on title and reviewing responses thereto;
- searching for executions;
- all correspondence with the title insurance company, and to completing its required forms and documentation, and to reporting to the title insurer after closing;
- examining the draft deed;
- reviewing the statement of adjustments;
- preparation of an Affidavit pursuant to the Land Transfer Tax Act;
- all necessary telephone and written correspondence;
- meeting with you to sign all necessary documents;
- closing the transaction and registering the Transfer/Deed of Land;
- reporting to you;
- receiving and reviewing the executed Agreement of Purchase and Sale; –
- preparation of the deed or transfer;
- preparation of the Statement of Adjustments;
- preparation of undertakings, direction for funds and other documents required to complete the sale;
- receiving and responding to requisitions on title;
- correspondence with the mortgagee prior to closing and to obtaining a statement for discharge purposes with respect to the previous first mortgage
- delivering discharge funds forthwith after closing in accordance with the said statement;
- obtaining and registering a discharge of the mortgage and to reporting to the purchasers’ solicitor with registration particulars of the discharge;
- all necessary correspondence and telephone conversations;
- meeting with you to sign all necessary documents;
- reporting to you;
- receiving and reviewing mortgage instructions;
- preparation of required documentation;
- all correspondence with the mortgagee and to providing any required draft documents prior to closing;
- receiving funds from the mortgage advance into our trust account;
- registering the mortgage and to submitting a final report to the mortgagee;
- bank charges for certified cheques or wire transfers
- couriers or shipping costs for sending documents to you, the other party lawyers or other financial institutions
- software fees for tools used in closing
- faxes, paper, and any other office supplies