Costs Involved in Your RESIDENTIAL
Real Estate Transaction
Standard Legal Fees
Purchase $750.00 plus GST
Sale $500.00 plus GST
Refinance $400.00 plus GST
Disbursements
These are the costs that your lawyer incurs on your behalf for which you are responsible to repay on closing. Examples of disbursements are Title Insurance, title search, registration charges from the Province of Ontario, etc. In a purchase, your disbursements are normally around $800.00, and in a sale around $175.00.
Land Transfer Tax (LTT) is a tax charged by the Province of Ontario to buyers of real estate. LTT is payable on closing and collected from you by your lawyer, and then submitted to the Province. Click here for our online LTT calculator.
Costs Involved in Your COMMERCIAL Real Estate Transaction
*Legal Fees, Disbursements, and LTT vary greatly depending on the nature of the transaction. Please contact our office today for a discussion of the costs you may incur.