Real Estate Lawyer Fees

Sale | Purchase | Refinance | Title Transfer

Real Estate Lawyer Fees

Average real estate lawyer fees for house closing in Ontario are between $450 to $1,500, depending on the transactions’ complexity. Some real estate lawyers charge an hourly rate between $270 to $450 + HST per hour plus Law Office disbursements.

At Shaikh Law, our real estate lawyers’ fees are fixed with no hidden closing costs. Our transparent legal fee structure helps clients budget their closing costs effectively.

We go the extra mile by assisting our clients with closing smoothly & effectively and ensuring all move-related tasks are completed hassle-free. Please take the time to read our online reviews!

Real Estate Lawyer Fees Ontario

Our Legal Services

Our brief spectrum of real estate legal services

  • Sale and Purchase of Property.
  • Review of Agreement of purchase and sale.
  • Simple Land Title Transfer in Ontario, Mortgage Title Transfer, Spousal Title Transfer amicable or as per separation agreement or court order.
  • Refinancing Property.
  • Survivorship applications.
  • Assisting first-time homebuyers with their real estate purchase.
  • Assisting foreign buyers in Ontario with their real estate purchase, including non-resident speculation tax rebate.
  • Independent legal advice Mortgage or Spouse. 
  • Interim Closing, Bridge loans, second mortage. 
  • Trust Agreements and Declarations of Trust. 

Testimonials

Online Real Estate Lawyer

At Shaikh Law, we believe in providing cost-effective and efficient real estate services to clients. 

Therefore we have introduced an option for online video signing appointments for our clients.  

Real Estate Lawyer Fees in Ontario

Our Real Estate Lawyer Flat Fee range between $450 to $999 + Tax for sale, purchase, interim closing or refinance.  

Disclaimer

Our all-inclusive Flat Legal Fees is based on a residential transaction for a vacant single-family property on the date of closing and upon receipt of mortgage instructions seven days prior closing (if applicable). The quotes above assume there are no reasoably foreseen complications.

Rush Fees

 Rush Fees of $450 + HST would apply if documents or instructions are received less seven days prior to closing. If you are seeking to close a Commercial Real Estate Transaction, please visit our Corporate Lawyer Page.

Interim Closing

Interim Closing

Real Estate Lawyer Fees for condo Interim Closing is $450 + Taxes inclusive of law office disbursements, such as phone, fax courier, printing and software charges.

Real Estate lawyer fees for buying a house in ontario

Real Estate Lawyer Fees For Purchase in Ontario is $999 + Tax

Our Real Estate Lawyer fee for purchase is $999 + Tax. Add $99 if purchasing with a mortgage. Below is a list of services included in our legal fees plus closing costs & disbursements.

WHAT IS INCLUDED IN LEGAL FEES;

  • Reviewing the Agreement of Purchase and Sale. 
  • Conducting and reviewing title searches for any defects in the title. 
  • Submitting requisition on the title and reviewing the response.
  • Conducting and reviewing writ searches and execution searches. 
  • Securing title insurance and all correspondence with the title insurance company.
  • Examining draft transfer deeds and drafting closing documents.
  • Drafting and registering mortgage documents.
  • Reviewing the statement of adjustments.
  • Drafting documents and statements in accordance with Land Transfer Tax Act.
  • Drafting documents to apply for first-time home buyer rebate for the client.
  • Reviewing mortgage instructions.
  • Drafting all mortgage documents
  • Extensive correspondence with the lender.
  • Receive mortgage funds in a trust account.
  • Correspondence with any condo corporation, reviewing the status certificate
  • Reviewing certificate of insurance.
  • Client meeting to explain all legal documents 
  • Close the transaction by securing transferring funds
  • Register transfer and mortgage on title 
  • Report to client, lender & realtor about closing. 
  • Printing charges.
  • Phone & Fax charges.
  • File Opening Charges.
  • One Appointment/ Mobile Signing.
  • After Office Hours Appointment.

CLOSING COSTS &  NOT INCLUDED IN FEES;

  • Land Transfer Tax; 
  • Title Insurance; (As Per Invoice)
  • Registration cost per Transfer or per Mortgage $78;
  • Software & Conveyancing Charges $171 + HST;
  • Flat disbursements cost $180 for title searches, writ searches, execution searches, bank charges, courier charges, online mortgage instructions charge etc
Real Estate lawyer fees for selling a house in ontario

Real Estate Lawyer Fees For Sale

Our Real Estate Lawyer fee for selling a property is $900 + Tax. Below is a list of services included in our legal fees plus closing costs & disbursements.

WHAT IS INCLUDED IN LEGAL FEES;

  • Reviewing the Agreement of Purchase and Sale. 
  • Drafting the deed and Land title transfer.
  • Drafting statement of adjustments
  • Conducting and reviewing title searches for any defects in the title. 
  • Reviewing and responding to requisition on the title.
  • Correspondence with the mortgagor on the title.
  • Obtaining payout statements from lenders.
  • Reviewing payout statements for discharge purposes.
  • Deliver discharge funds to the lender immediately after closing. 
  • Obtain and deliver a discharge of mortgage.
  • Draft all documents relating to the sale of the property.
  • Drafting and registering mortgage documents.
  •  Client meeting to explain all legal documents 
  • Close the transaction by securely transfer funds to all parties.
  • Ensure registration of transfer.
  • Report to client, lender & realtor about closing. 
  • Printing charges.
  • Phone & Fax charges.
  • File Opening Charges.
  • One mortgage payout.
  • One Appointment/ Mobile Signing.
  • After Office Hours Appointment.

CLOSING COSTS &  NOT INCLUDED IN FEES;

  • Law Society Levy $65;
  • Software & Conveyancing Charges $ 171 + HST ;
  • Per additional Payout $63 + Tax if required;
  • Flat disbursements cost $180 for title searches, writ searches, execution searches, bank charges, courier charges, discharge of mortgage etc.
mortgage refinance lawyer fees

Real Estate Lawyer Fee For Refinance

Our Real Estate Lawyer’s flat fee for refinancing is $900 + Tax.  Below is a list of services included in our legal fees plus closing costs & disbursements.

WHAT IS INCLUDED IN LEGAL FEES;

  • Reviewing mortgage instructions for refinancing. 
  • Conducting and reviewing title searches for any defects in the title. 
  • Conducting and reviewing writ searches and execution searches. 
  • Securing title insurance and all correspondence with the title insurance company.
  • Drafting and registering mortgage documents.
  • Reviewing mortgage instructions.
  • Drafting all mortgage documents
  • Extensive correspondence with the lender.
  • receive mortgage funds in a trust account.
  • Correspondence with any condo corporation, reviewing the status certificate
  • Reviewing certificate of insurance.
  • Client meeting to explain all legal documents 
  • Close the transaction by securely transferring funds
  • Register mortgage on title 
  • Report to client, lender & realtor about closing.  
  • Printing charges.
  • Phone & Fax charges.
  • File Opening Charges.
  • One Appointment/ Mobile Signing.
  • After Office Hours Appointment.

CLOSING COSTS &  NOT INCLUDED IN FEES;

  • Title Insurance; (As Per Invoice)
  • Registration Cost per Mortgage $78;
  • Software & Conveyancing Charges $171 + HST;
  • Flat disbursements cost $180 title searches, writ searches, execution searches, bank charges, courier charges, online mortgage instructions charges etc.

Get Started Online

Getting Started is easy. Click below, submit your contact information and hurray you are all set
We will walk you through the entire process step by step.
So what are you waiting for ?

Why We Are Different

closing costs when buying a house in ontario
Have a Question
(905) 795 7757

Role of a Real Estate Lawyer

For most people, purchasing or selling their homes will be their most significant financial transaction they will come across during their life. Therefore, one cannot overstate the importance of such an investment. 

 Buying or selling your home is a process that is very complex and full of decisions. It also has a lot of severe and legal concerns. This is where the role of your lawyer comes in.

The role of a real estate lawyer in Ontario has two distinct scopes of work.

A lawyer for closing is only responsible for ensuring the property is transferred as per the law.

In contrast, if there is a dispute, then a real estate litigation lawyer is separately retained for dispute resolution only.

What Does A Real Estate Lawyer Do At Closing

The Lawyer for closing is tasked with ensuring that the transaction closes per Ontario laws and regulations. Below is an in-depth summary of the work expected from the lawyer for closing a real estate transaction.

At Shaikh Law, we take care of all the legal responsibilities for such a complex transaction from the initial consultation up to the closing of the property’s transaction and possession; this ensures that our client does not have to worry about any hidden legal issues buried under extensive paperwork. Our lawyer will provide 100% support to our clients to protect their interest in the real estate transaction during their purchasing process until our client has become the property’s legal owner.

The following briefly describes what to expect from your Real Estate Lawyer while purchasing a home: 

1. Your lawyer will review and explain all the legal documents you need to sign and answer any questions you may have during the process.

2. The lawyer will investigate the property’s title (see below) by conducting necessary searches to ensure that the purchaser is protected from property claims and that your interests are safeguarded when dealing with the seller’s lawyer.

3. Your Lawyer will discuss any legal problems affecting the title of your property. Examples of this can include your neighbours’ fence crossing the property line or issues with the condo status certificate. It is your lawyer’s responsibility to provide solutions for such legal problems.

4. Most importantly, your lawyer ensures that the previous owners’ debts, such as a mortgage or unpaid bills, are dealt with before the closing.

5. Your lawyer will review the zoning laws to ensure the property’s intended use is following approved zoning restrictions.

6. Your lawyer will complete the documentation to ensure that the funds will in available for closing and officially transfer the property title in the name of the purchasers at the property registry.

IMPORTANT ASPECTS OF CLOSING A TRANSACTION

Although the above section briefly describes your Lawyer’s role in closing the purchase transaction, the following are key aspects to note of the transaction: 

REVIEW OF AGREEMENT OF PURCHASE AND SALE

The Agreement of Purchase and Sale, or merely the “Agreement,” is an essential document that should contain all the concerns related to purchasing or selling a home. 

It includes, among other critical items, the property’s price and directions on how to pay, as well as a detailed description of the property and other conditions of the process. 

The lawyer should thoroughly analyze the Agreement before the buyer signs it, and if the buyer has any questions about the Agreement of purchase, they must ask their lawyer 

New build construction contracts or Agreements require a lawyer’s approval as to the form and content. However, this is not a practice for a resale home.

 Agreement of Purchase and sale sent to the lawyer after it is signed by the parties, where all conditions to the Agreement are satisfied, has no scope for a lawyer’s review. If this is the case, the lawyer may not help the client but will surely identify any legal issues to protect their interest in the transaction.

TITLE SEARCH

A Title Search reveals the instruments registered against a property. Examples of standard instruments include the Transfer, a Charge, Notices, Bylaws, etc. When purchasing a home, the buyer must know what instruments will be remaining on the home following closing.

Your Lawyer will conduct a Title Search in every transaction. Sometimes the lawyer may have to do multiple title searches to ascertain any liens, charges, mortgages, caveats or notices such as notice for sale or power to purchase by a bank, etc.

Suppose the buyer is acquiring a loan for the transaction. In that case, the lender will necessitate that a lawyer looks at the land records before the transaction’s conclusion and report to the bank any concerns the lawyer may have.

After inspecting all of the above, the lawyer will report to the buyer, the lender, and provide copies of the Land Registry title.

Suppose the buyer is not obtaining a loan. In that case, their real estate lawyer in Ontario will conduct title searches, review title transfer documents from the seller, and make sure no claims are registered against the property.

TITLE INSURANCE

Title insurance protects against genetic vulnerabilities in real estate titles, which may not be apparent from the title search. 

Your Real Estate Lawyer cannot guarantee against latent defects in the title that are not registered; hence, these are not easy to discover from a review of the public records.

Such latent defects in the title may include fake deeds, missing inheritors, clerical mistakes, issues with payment of property tax, condo fees, the property’s boundary, etc. A title insurance policy will protect you, the buyer, against such defects.

It is also crucial to note that if you are purchasing a home with a mortgage, your lender will make it a condition for financing to obtain lender title insurance to protect their interest. 

Simultaneously, the purchaser is also strongly recommended to buy the owner’s title insurance policy.

Suppose a buyer purchases an owner’s policy at the same time as the mandatory lender’s policy. In that case, the title insurance company may give considerable concessions toward the cost of the buyer’s title insurance policy.

Your Lawyer will make the Title Insurance arrangements and confirm you have a legal title upon finalizing the closing. 

This is to provide peace of mind to the buyer and prevent frustrating and costly situations in the absence of title insurance protection.

Our Real Estate Lawyer is registered and on the approved lawyer’s list with leading title insurance companies such as FCT (First Canadian Title) & Stewart Title & Chicago title.

TAX SEARCHES

Your lawyer may also be responsible for acquiring a metropolitan Tax certificate for the property from the town or city where the property is situated; this is done to calculate property taxes. 

If the seller has overpaid their property taxes, then the amount will be a credit to the seller; if the seller has not paid the property taxes, then a credit is given to the buyer towards their purchase price. 

The lawyer’s responsibility is to ensure that you only pay property taxes for the number of days you own the property and not for the entire year.

CLOSING THE TRANSACTION

Before the closing date, a final Trust Ledger showing the statement of accounts and the copy of the title, land transfer tax, and other reports will be provided to the buyer by the lawyer; these documents will contain a brief description or detail of monetary aspects regarding the transaction.

 Along with the final statement, the lawyer will explain many other documents to the buyer, including the details of any mortgages/loans.

The Lawyer for closing is responsible for making arrangements for all necessary closing paperwork, fixing the closing schedule, explaining all essential closing documents and ensuring the documents are all executed correctly.

After the buyer and the seller have completed all the closing documentation, the lawyer will record the title deed, which is how the seller conveys the house’s title to the buyer for the determined price.

 After that, the lawyer will exchange legal documents and keys with the seller’s lawyer.

At this point, your transaction will be complete. Your Lawyer in will complete the necessary reports for your transaction, and, following this, the lawyer’s role in the transaction will come to an end.

ROLE OF YOUR REAL ESTATE LAWYER FOR DISPUTE RESOLUTION 

It is crucial for a client, whether buying or selling a property, to fully understand the scope of work provided by the Lawyer.

Once the transaction has closed, a closing real estate lawyer’s role in the transaction comes to an end. In the vast majority of cases, there are no issues regarding the purchase or sale of a home. Your closing lawyer resolves most problems that arise before the closing date.

In some cases, after closing is complete, issues arise, leading to a dispute between the seller and the buyer, such as the seller damaged the property. 

If these are significant issues, then the parties may need to litigate this matter in court to resolve it. In this instance, your lawyer for the closing would not be retained automatically for this matter as the lawyer’s scope of work only included completing the transaction until the closing.

It is important to stress that it is rare the parties will need to litigate following the closing. If you do require litigation services, you will have to sign a new retainer with a real estate litigation lawyer for this matter. You can choose the same lawyer who closed your transaction, or you may choose a different attorney since each transaction is unique. 

Real Estate Litigation Lawyer 

If you do decide that your matter requires post-closing litigations, finding the right lawyer will ensure your rights are protected, and you achieve an appropriate resolution to your matter.

Your Real Estate Litigation Lawyer in Ontario will discuss your particular matter with you, the strengths and weaknesses, before deciding whether to proceed with litigation. A detailed review of the entire transaction will take place, including a careful review of the Agreement. 

At this point, you will need to decide how to proceed with the litigation. If your matter is a relatively simple matter, you may choose to file a case in small claims court. In this situation, your lawyer for dispute resolution can help draft the claim and other documents necessary to commence your case. 

As for complex matters, you may need to retain a real estate litigation lawyer to represent you in a civil action in the Superior Court of Justice of Ontario.

In this case, your lawyer will represent you in all aspects of your matter up until its resolution. It is important to note that, although your lawyer will initially discuss with you the likelihood of a favourable outcome, the lawyer can never guarantee any results. 

Regardless of whether you choose to proceed with a small claim or choose to litigate the matter in the Superior Court of Justice, you will have to sign a separate retainer agreement with your Real Estate Litigation Lawyer for Dispute Resolution. 

Your retainer will state that you will be billed at the lawyer’s hourly rate for the time spent on your matter. On average, a real estate litigation lawyer’s hourly rate for dispute resolution can range from $270 per hour to $450 per hour. 

Before your matter proceeds, your lawyer will let you know of the approximate cost of representing you. 

However, it is difficult to estimate the total legal costs as the time spent on each case will vary. However, your lawyer will continually keep you updated about the fees and invoice.

 

Find a Real Estate Lawyer Near You

We serve clients across the province of Ontario, Canada, if your city is not below listed please contact our Head Office.

Toronto Downtown |Etobicoke |Mississauga Square One | Streetsville |Brampton | Oakville | Milton | Hamilton | Guelph | Kitchener | Waterloo | Cambridge | Scarborough | North York | Markham | Vaughan | Richmond Hill | Barrie | Ottawa | London | Windsor | Oshawa|