Blog

The following posts will provide helpful information about completing your real estate transaction. More importantly, it will help you before you enter into one of the largest personal purchases you will make.

What You Should Know About Land Transfer Tax

When buying a home or land in Canada, there is something to be aware of and that is Land Transfer Tax. This includes quite a few definitions of what constitutes land such as structures, buildings, fixtures, structures that are going to be constructed and land…

Finding the Right Home for Your Needs

Once you have the other steps complete (figuring out your mortgage options and finances), it is time to find the right home for your needs now and in the future. The home you choose now is going to be a part of your life for…

Financial Considerations Before You Buy

For those interested in buying a home, financial considerations are always paramount.  There are many costs associated with the home as well as the key considerations of the price and the interest rate on the loan.  Prudent buyers consider all of the financial factors before…

New Ontario Non Resident Speculation Tax Features

Canadian real estate has been a target of hot money investments from all over the world in recent years, with especially large flows from Asia. The Ontario Government has implemented measures to help more people find affordable homes, protect buyers and bring stability to the…

What Does a Real Estate Lawyer Do?

Most home buyers and sellers know they need a real estate agent, but not as many are aware that they could also benefit from hiring a real estate lawyer. A real estate lawyer is there to ensure your residential real estate transaction goes as smoothly…

Do I Need a Lawyer to Review My Private Sale?

Selling your property privately has a number of advantages from your end–and one of the most important is that you’re able to reduce your overall costs to sell, which means that you end up with a larger percentage of the sell price of the property….

Top 5 Tips to Find the Best Real Estate Lawyer

When you’re thinking about buying a home, your first impulse is probably to contact a real estate agent or a broker.  They can be helpful, but they probably don’t understand the complex set of laws which govern real estate transactions in your area.  That’s why…

Choosing a Canadian real estate lawyer

How to hire a real estate lawyer: Real estate agents can often recommend a good real estate lawyer. So might family or friends who have used lawyers. Ontario residents can access the Law Society Referral Service who will provide the name of a lawyer or…

How much is Land Transfer tax?

Land Transfer tax is calculated as a percentage of the purchase price. At present the tax is .5% on the first $55,000.00, 1% from $55,000.00 to $250,000.00, 1.5% from $250,000.00 to $400,000.00 and 2% above $400,000.00 ie tax on $200,000.00 is $1,725.00. The City of Toronto has…