Real Estate

• Purchase of Residential Property: Purchase transactions include the transfer of title & one mortgage registration.
• Sale of Residential Property: Sale transactions include the discharge of one regular mortgage. An additional fee applies if there is a second mortgage attached to the property being sold.
• Refinancing of Your Property
• Transfer the Title: within *your arm-length family members
• Cooperation with overseas lawyers in China Mainland, Hongkong if you are traveling outside Ontario or Canada on or before the closing
• Commercial Property Purchase & Sale
• Vacant Land Purchase & Sale

• Two (2) Pieces of Valid Government Issued Photo ID (Passport, Driver’s Licence or PR Card)
• Copy of your Agreement of Purchase & Sale
• Property Tax Bill of the Year & Payment Evidence (for sale & refinance)
• Any Existing Mortgage/ Line of Credit Information against the Property (for sale & refinance)
• Any Existing Survey of the Property (if any, for sale)

• Land Transfer Tax of Ontario and/or Toronto (for purchase)
• Title Insurance of Your Property (for purchase & refinance)
• Any Government Registration or Search Fees applicable to your transaction
• Disbursements* (reasonable costs we charge that we pay on your behalf, for example, photocopy, office expense, postage, courier service, etc.)
• HST (if applicable)

• In Ontario, only lawyers are allowed to register the rights to the title of property. That’s why you must find a good lawyer to help if you have any issues and close your deal smoothly.

Main tasks of the lawyer:

• After you retain the lawyer, your lawyer would review your Purchase & Sale Agreement and make sure the deal would be closed on time as agreed in the Agreement.
• Lawyers do title search, other searches (if applicable); obtain title insurance, prepare for closing documents for your execution and register your title to the property, meet post-closing requirements.
• Accept your bank/mortgagee instruction, and prepare the closing document on behalf of the bank/mortgagee, arrange of execution banking documents.
• Give clients instructions from time to time about what they need to do and prepare for the closing and make sure there would be no delay.
• Suggestion: Please have your mortgage approval and arranged about one month before the closing.