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Hamilton, Ontario | 905.525.8873



     
 

Fixed Closing Costs

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Fixed closing costs allow you to budget properly and with confidence that there will not be additional fees and charges on top of the price quoted. If you are shopping around for a real estate lawyer, you should ask what your final, total cost will be after all fees, taxes and disbursements are taken into account, and what exactly is included for that price.

Purchases

We are pleased to off the following fixed* closing costs for single family urban residential properties with a purchase price of $500,000 or less and with one mortgage:

$1,995.00 Inclusive of all disbursements (including but not limited to: HST, utilities and title searches, title insurance, HST, mortgage preparation and mortgage and deed registrations).

NOTE: Land Transfer Tax is an additional expense and payable at the time of closing. It is based on the purchase price and possible rebate for first time buyers.

* Additional mortgages (or secured properties, or bridge loans) add $300.00 each

* No mortgage - subtract $300.00

* new home purchase - add $300 - includes review of agreement of purchase and sale, additional documents to be reviewed and signed

* Condominiums:

  • status certificate review included ($300 if purchase is not completed)
  • interim closings add $400.00

* Tenanted, Commercial/Industrial, Rural/Cottage Properties are quoted on a case by case basis

Sales

We are pleased to off the following fixed* closing costs for single family urban residential properties with a sale price of $500,000 or less and with one mortgage to be paid off or discharged:

All Inclusive Price: $1,095.00
Inclusive of HST and all disbursements.


The above fixed costs are for transactions involving an average amount of time and complexity. Tenanted, Commercial/Industrial, Rural/Cottage Properties are quoted on a case by case basis as additional time, documents and disbursements are usually required.

These rates are effective September 15, 2012 and are subject to change without notice.

 
 
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DISCLAIMER: This web-site is NOT intended to be legal advice. Individual circumstances vary greatly and it is therefore important that you contact a lawyer for proper legal advice relating to your own circumstances.

 
     
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