Step 1 of 5 - Purchase Price

When you retain us for your closing we will review and request amendments/changes to your Agreement of Purchase and Sale at no charge, as well as review and advise you on your condominium Status Certificate at no charge. Yes, that's all for Free!

Purchase Price
Legal Fees
Admin Fees or Disbursements
Title Registration Costs
Statutory*
ELRSA

What is the total purchase price and all consideration you are paying to purchase your property from the seller, less any HST? (i.e. if you are purchasing a resale then most likely the purchase price is the total consideration you are paying to the seller, if however you are purchasing a new-build then you must backout the net HST you are payiing, which is usually the Gross HST less the Rebate credit the builder/vendor is granting you, however you should also add back any additional consideration you are paying such as upgrades) *If you are not sure just enter the face value of your purchase price and we will adjust the land transfer taxes down once we speak with the seller's lawyer.

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Total
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Step 2 of 5 - Land Transfer Taxes & Tenancies (up to six (6) units)

Legal Fees
Admin Fees or Disbursements
Land Transfer Taxes*
Ontario
Toronto

Is your property located in the Municipality of Toronto? (i.e. the GTA)

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Does your property contain at least one but not more than two, single family residences? (i.e. is your property residential and is no more than a duplex or made up of no more than two (2) apartments? If it's a triplex or more or not residential (e.g. commercial) than your answer should be no)

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If your property is a residential multi-plex made up of more than one (1) single family residence but up to six (6) residences, please enter how many tenants there are (e.g. if your property has more than six (6) single family residences, in other words, more than six (6) apartments please contact us for a quote, otherwise enter the number of tenants. If there are no tenants enter "0" (zero))

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What percent of all purchasers are first time home buyers and are moving in as their principle residence? (If all are enter 100%. In order to qualify for the first time home buyer land transfer tax refund a purchaser must have never owned a home (commercial or investment properties are not included) anywhere in the world, and you must occupy the home within 9 months of closing as your principle residence. If you are a first time home buyer and your spouse is not then neither of you qualify, please enter 0%. If your spouse sold his or her home prior to becoming your spouse and did not own a home anytime while being your spouse then both of you will qualify for the full refund if you as well quaify as a first time home buyer, please enter 100%. If you and your co-purchaser are not spouses and only one of you qualify as a first time home buyer then please enter 50%.)

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Total
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Step 3 of 5 - Title Insurance & Mortgages

Legal Fees
Title Registration Costs
Statutory*
ELRSA
Title Insurance

Is this property a condominium? (i.e. is a condominium or does it have condominium common elements, this could still be a townhome or low/highrise building)

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Is the property you are purchasing a NEW property from the builder who is also the seller? (i.e. are you buying a new build? Like a house that was recently torn down and rebuilt, or a home in a subdivison from the original builder directly, or a new build condominium from the builder directly)

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Will you be obtaining a first mortgage, line of credit or other form of financing, which we will be acting on?

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Is this first mortgage, line of credit or other form of financing, which we will be acting on from a private lender? (i.e. not a Bank, Trust Company, Credit Union or other financial lending institution)

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Will this first mortgage be registered against more than one property? (i.e. will this mortgage need to be secured against not just the property you are purchasing but another property you own or someone has provided as collateral security?)

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Will you be obtaining a second mortgage, second line of credit, bridge loan or other form of additional financing, which we will be acting on in addition to your first mortgage?

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Is this second mortgage, line of credit or other form of financing, which we will be acting on from a private lender? (i.e. not a Bank, Trust Company, Credit Union or other financial lending institution)

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Will this second mortgage be registered against more than one property? (i.e. will this second mortgage need to be secured against not just the property you are purchasing but another property you own or someone has provided as collateral security?)

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Total
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Step 4 of 5 - Searches & Due Diligence

Legal Fees
Admin Fees or Disbursements

Do you want a Property Tax Certificate ordered? (Recommended for resales or custom new built homes) (As the new owner you inherit all past property taxes and thus will be responsible to pay all arears plus interest and penalties, often times the sellers are dishonest or have lost track of what they owe, or may have substantially renovated or built new the property you are buying thus resulting in Supplemnetary or Omitted Tax Bills that have been recently issued or overlooked; yes title insurance will cover what was not discovered during closing, however, this is a long and tedious process after closing. Furthermore, many lawyers will not give you this option and strictly rely on the title insurance they ordered for you, and then leave you in the dark after closing while you try to figure out how to apply for the title insurance to reimburse you. This may not be necessary for newly built condos or subdivision homes purchased directly from the builder. However, otherwise this is highly recommended!)

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Do you want a Property Information Report? (Recommended for custom new built homes, homes that have been renovated or look like they had some work done) (As the new owner you inherit all active building permits, violations, work orders and the zoning designation that apply to the property, this could cost you thousands to remedy and possibly requiring you to retain architects, planners and lawyers as well. The seller may also not be around or easily willing to accept responsibility (as if often the case). The letter describes what the property is zoned for, if there are any applicable by-laws and if there is anything active on the property (e.g. active building, heating and plumbing notices or orders to comply, it will identify any outstanding work orders, previous Committee of Adjustment applications or building activity, as well as anything related. This may not be necessary for newly built condos or subdivision homes purchased directly from the builder.).

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Do you want a thorough Property Title Search and Off-Title Search? (Recommended for properties that are NOT condos or subdivison homes, average cost is 250 for simple single family dwellings, more so for larger parcels of lands and buildings) (As the new owner you inherit the entire history of ownership, such as encumbrences, right-of-ways, easements and planning act violations, most of which cannot be discovered by a simple title search of your property only. Most lawyers will only pull title to your specific property, without studying the abbuting lands bordering your property lines and their history of ownership. These lawyers will require you to rely on the title insurance they ordered for you instead. This often results in an incomplete conveyance of title, whereby a severe planning act violation resulted in a nulliefied transfer some-time in the past, resulting in the seller never having the right or conset to sell you the property or acquire the property himself when he did. Not to mention complications when shared laneways, driveways, access roads or paths are never registered on title or are not exactly as they appear to be when you visited the property. Often times lawyers will not know what to look for without studying the abbuting lands and their right-of-ways. And although the seller may have been enjoying the use of a neighbors driveway or lanway, it was never registered on title to either property, and therefore can be taken away at any time. Hence often times buyers are paying for something that can be taken away at anytime. Also title insurance may not be that quick to help, like all insurance companies you need to first show that the problem falls within their coverage and that you are either being sued because of the problem or that you are able to quantify the actual dollar value of the damages you have suffered because of the problem. This may be extremly difficult if its a laneway you thought you had access to but do not and thus need to use a different laneway that is further away from your property to bring your car in. And although the seller told you that it can be used, you now discover that your neighbor is building something over it. And yes it was only a matter of convenience to you - something that cannot be necessarily quantified for title insurance coverage - it may have been a significant inducement to you purchasing the property in the first place.)

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Total
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*HST does not apply.
Step 5 of 5 - Total
Legal Fees, Disbursements & Land Transfer Taxes
HST (Taxes)
Total
Legal Fees
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Admin Fees or Disbursements
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Title Registration Costs - Statutory*
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Title Registration Costs - ELRSA
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Title Insurance
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Total Fees & Disbursements
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Land Transfer Taxes*
Ontario
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Toronto
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Toronto Admin Charge
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Total Land Transfer Taxes & Credits
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Note: Receive your results by email