Real Estate Lawyer Toronto
Sale | Purchase | Refinance | Title Transfer
About our Real Estate Lawyer in Toronto
When you come to our Real Estate Lawyer in Downtown Toronto, you know that you will be coming to an Experienced Real Estate Lawyer in Toronto. We can handle all forms of residential Real Estate Transaction, including complex condo & estate transfers. We Proudly state that our Real Estate Lawyer Fees Fixed with no hidden charges & no surprises.
Buying, Selling or Refinancing a Home is exciting as well as a stressful process. At Shaikh Law, our aim is to provide a smooth, efficient and enjoyable experience for our clients.
Our Real Estate Lawyer in Downtown Toronto has the experience and knowledge to help our client for range of Transactions including residential Sale, Purchase, Refinance, same day Sale & Purchase, bridge financing, interim closings for townhouse or a condo, Secondary Mortgage, Line of Credit, Discharge of Mortgage, Transfer of title of Matrimonial Home as per Separation Agreement or Court Order, Simple Transfer of Title, Private Lending, Independent Legal Advice Real Estate or Mortgage (ILA) and much more.
What We Can Do For You?
Real Estate Lawyer Toronto Fees
Our Real Estate Downtown Toronto Fees Structure is Transparent in accordance with the Law Society Rules 4.2-2.1
Real Estate Lawyer Fees for Purchase
Our Real Estate Lawyer Downtown Toronto Fees for Buying a property in the Toronto area is $900 + Tax for a Cash Purchase.
If you are purchasing with a Mortgage Fees then Legal Fees is Fixed at $999+ Tax only.
The Legal Fees are inclusive of Law Office Disbursements.
WHAT IS NOT INCLUDED IN LEGAL FEES;
- Land Transfer Tax;
- Title Insurance;
- Registration of Transfer $73.46;
- Stewart Assyst Charge $28.30
Real Estate Lawyer Fees for Sale
Our Real Estate Lawyer Fees when selling a property in Toronto area is $810 + Tax, inclusive of all Law Office Disbursements and one Mortgage Payout.
WHAT IS NOT INCLUDED IN LEGAL FEES
- Law Society Levy $75
- Additional Payout $63 + Tax (Second Mortgage)
Real Estate Lawyer Fees for Refinance
Our Real Estate Lawyer Fees to Refinance a property located in the Toronto area is $810 + Tax for A Lender, inclusive of all Law Office Disbursements and One Mortgage Payout.
Legal Fees for B-Lender is $999 + Tax, inclusive of all Law Office Disbursements and One Mortgage Payout.
WHAT IS NOT INCLUDED IN LEGAL FEES
- Title Insurance
- Additional Payout $63 + Tax
- Government Registration.
Interim Closing (Condo Only)
Our Real Estate downtown Toronto Fees for Interim Closing for Condos located within the Toronto area is $450 + Taxes inclusive of all Law Office Disbursements.
Assignment of Real Estate in Ontario
Our Real Estate Lawyer Fees for Assignment of a property located in the Toronto area is $450 + Tax inclusive of all Law Office Disbursements.
No Hidden Charges
Non-Resident Speculation Tax Rebate
If at the time of purchase you had to pay 13% non-resident speculation Tax and now you have become a permanent resident of Canada. We can help you apply for a Land Transfer Tax Rebate.
Our Fixed Legal Fees to apply for a Refund is $450+ Tax, inclusive of all Law Office Disbursements
Simple Title Transfer
- If you are merely removing or adding another party to the title, then our Legal Fees is Fixed at $900 + Tax if the property is without a mortgage.
If you have a mortgage that also needs to be transferred then our Legal Fees is $999+ Tax.
WHAT IS NOT INCLUDED IN LEGAL FEES?
Land Transfer Tax
Title Insurance (If required by the Lender)
Registration Fees $73
Note: Our Real Estate Lawyer, 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 a week before closing (if applicable).
Rush Fees of $450 would apply if documents or instructions are received less than a week before closing. If you are seeking to close a Commercial Real Estate Transaction, please visit our Corporate Lawyer Page.
Services Included in Fees
Why Choose US
She kept me up to date at all times and was quick to respond to my inquiries. Ali is a good Solicitor as well. He was thorough and explained everything about my two transactions. Both closings went smoothly and I am very happy with service and the cost. I will definitely go back to this Firm for any future transactions.
OTHER LEGAL FEES
Review of Agreement $450 + Tax
Please contact us if you are purchasing a pre-construction property and wish to obtain a Lawyer’s Approval Letter.
Review of Condo Status Certificate $270 + Tax
We charge $270 to review a status Certificate. This fees is credited at the time of final closing.
Rush Legal Fees $450 + Tax
If our office does not receive mortgage instructions a week before closing, then a Rush Fees of $450 is applicable.
Redrafting of Documents $450 + Tax
If our office is expected to redo the Real Estate Documents then we charge additional $450 + Tax
Legal Fees for Extension $450 + Tax
We charge fixed legal fees for an extension or change in closing date.
Any Additional Service $450 + Tax
We keep it simple. $450 + Tax for any additional work such as postponement, survivorship application.
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How Much Real Estate Lawyer Costs
We commonly get this question “How much does a Real Estate Lawyer downtown Toronto Cost?”. At Shaikh Law, our Real Estate Lawyer Fees is an all-inclusive flat Legal Fees inclusive of Law Office Disbursements. Our Fixed Fees for SALE & REFINANCE is $810+HST, Cash Purchase $900 + HST, Purchase with Mortgage $999+HST and Interim Closing $450 +HST.
SHAIKH LAW FIRM Fees structure is transparent and is available 24/7 online. We can send an online written quote sent to our clients within a matter of 5 minutes. Our client may also wish to use our online closing cost calculator to estimate their taxes and disbursements.
On Average total closing cost for cash, Purchase is $900 + HST and $999+HST with a mortgage which includes Law office Disbursements and Searches. Therefore a short answer to “how much does Real Estate Lawyer Cost? would be less than a $1,000/-
What Drives the Closing Cost higher?
It is important to note that what drives up the closing cost is not the Legal Fees but the third party expenses such as Title Insurance and Land Transfer Tax. If the Property is located in Toronto then our clients will be paying not one but two Land Transfer Taxes, one for the Municipality of Toronto and the other for Ontario Province.
When you retain us we can apply to get the Land Transfer Tax Rebate for our clients if all purchasers are first time home buyers. We can apply to save up to a maximum of $4,000.
The thing to bear in mind above all is that buying a property is not only an expensive and complex issue it is also, for most, something which is done only occasionally.
This means there is all the more reason to choose a real estate lawyer in Toronto, Ontario early on in the process and one who will work to protect your interests all the way through.
With this in mind remember that Cheapest Real Estate Lawyer Toronto is not necessarily the best option and that hiring a lawyer sooner rather than later in the buying process can help save you time, money and stress.
How to Find a Good Real Estate Lawyer
The most reliable way to find a Real Estate Lawyer is to ask around among your friends and family.
Find out if they know someone knows a Good Real Estate Lawyer who did their closing without any issues.
Secondly, you should go online and do some research to find a list of Real Estate Lawyer near you.
Real Estate Investment in Toronto, Ontario
A basic human need is having a roof over your head, and with the growing population in cities such as Ontario, it means that there is more opportunity for real estate investments.
Real estate is still one of the most lucrative forms of investments that you can invest in, this is partially due to the increasingly large demands of rental properties regardless of inflation, an influx of immigrants arriving in Canada, weather, Multi-culturalism, a nest a several large cities and head offices of International Corporation.
Although many are aware of the opportunities in real estate it appears as though people are still skeptical about capitalizing and becoming a real estate millionaire.
As the years have passed we have seen the birth of many real estate millionaires such as Robert Kiyosaki who wrote the top seller ‘Rich Dad Poor Dad’.
Throughout the book Robert demonstrates simple steps of investing in real estate, and renting it out to tenants.
As a result of renting out a property, he shares how passive income is gained while property value increases by doing nothing except your initial investment.
Passive income is a steady and more predictable source of income compared to investing in other businesses.
In addition to gaining passive income from real estate investments, you are also made exempt from self-employment tax. Furthermore, the government offers tax benefits including reduction and significantly lower tax rates for long-term profits.
These findings alone demonstrate the benefits of investing in real estate.
In all that being said, there are risks involved in real estate investment, as there are with all types of investments.
However, there are many ways in which risk can be reduced, one of them being, hiring an experienced Real Estate Lawyer, who have extensive knowledge on Real Estate Closings.
Our Real Estate Lawyer Downtown Toronto, endeavor to ensure they review your Real Estate Purchase, Sale or refinance documents thoroughly so to protect your investment in Real Estate and to avoid lawsuits being sent your way.
Additionally, they can maximize your profit by helping you understand your return on investment, ensuring that you make the maximum profit possible on each investment.
At Shaikh Law, we have the necessary experience and expertise to help our client build their real estate investment.
We make sure the process is smooth and efficient.
(647) 812 6938
TD Canada Trust Tower, 161 Bay St 27th Floor, Toronto, ON M5J 2S1
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How much is Real Estate Lawyer Toronto Fees for House closing?
Average Real Estate Lawyer Fees for house closing in Ontario is between $500 to $1,500 depending on the complexity of the Transactions. At Shaikh Law, our Real Estate Lawyer Toronto Fees for Sale & Refinance of property is flat $810 + Taxes inclusive of all law office disbursements. You only need to pay Law society levy of $65 extra.
Real Estate Lawyer Fees for Purchase is $900 + HST for cash purchase and $999 + HST for purchase with a mortgage inclusive of all law office disbursements. You would need to add the cost of Land Transfer Tax, Title Insurance, and Cost of Registration of Title & Mortgage.
Can a Non-Resident buy a property in Canada?
Yes, a non-resident can buy a Property in Canada? In Ontario a 15 % non-resident speculative tax would be applicable if the property is located within the horseshoe area.
What does a Real Estate Lawyer Do?
A real Estate Lawyer is responsible to ensure s/he review the agreement of purchase and sale, prepare all real estate document to be signed by the client. Then on the date of closing will securely exchange they keys & sale proceeds before registering the title in the name of the purchaser. While the Seller’s lawyer will be responsible to pay off any debits/ mortgages and remove any registered mortgages or charge on the property.
Can one Real Estate Lawyer represent both the seller and buyer for the same transaction?
No. One Lawyer cannot represent both the seller and the buyer for the same transaction.
Do you need to get Title Insurance?
Title Insurance is not mandatory in Ontario. However, it is one of the core requirements of the lender. Mortgage Funds will not be issued to the Lawyer if title insurance is not secured. Therefore, title insurance may not be mandatory but it is required by the Banks.