Practices:

REAL ESTATE


We handle a broad range of property law and real estate transactions. We take a practical, business-oriented approach to our clients’ needs and value the many long-term client relationships we have built over the decades we’ve been in practice. We are grateful for the trust our clients place in us and understand the responsibility that comes with that trust.

Clients:

Our clients include businesses, individual property owners, property managers and a range of public and private sector entities.

We have a significant practice in residential real estate. We are often in the enviable position of representing clients for their very first (and often both worrisome and exciting) experience of purchasing their first home. On the other end of the spectrum, we assist clients with purchasing their dream home, cottage or condominium.

Similarly, we represent individuals and corporate entities with the sale of their homes, cottages and condominiums and/or businesses.

Some of the many services we offer include:

- Boundary Disputes
- Building contracts with Tarion compliance
- Commercial Leasing
- Commercial Real Estate- Purchase, Sale and Mortgage
- Condominium Purchase/Sale
- Condominium Registrations
- Construction Issues / Liens
- Cottage / Recreational Properties
- Encroachment issues
- Estate transfers
- Family Transfers (between certain classes of family member)
- Landlord and Tenant Issues
- Non-resident sales and purchases
- Ownership / Title Issues
- Power of Sale, Foreclosure and other mortgage remedies
- Private Mortgages
- Refinancing
- Residential Real Estate: Purchase, Sale and Mortgage
- Road access and boundary issues
- Survivorship Applications (used when one or more persons registered on title have deceased)
- Title issues on property
- Zoning Inquiries

Identification Requirements

You will be required to produce 2 pieces of valid Identification (ID): The first being a valid piece of photo ID, when you attend at our office to sign up your real estate documents. The photo ID may be a valid driver’s license, valid passport or a landed immigrant card. The second ID can be a social insurance card, credit card or similar. Your ID must be produced and will be photocopied by our staff when you attend our office for your appointment, in order for your transaction to be completed. If you have any questions with regard to appropriate ID, please contact our office immediately to clarify.

Land Transfer Tax

When you buy land or an interest in land in Ontario, you pay Ontario's land transfer tax. Land includes any buildings, buildings to be constructed, and fixtures (such as light fixtures, built-in appliances and cabinetry).

Please see the Ontario Ministry of Finance's Land Transfer Tax Calculator to provide you with an estimate of the tax payable by you for your next purchase.

Who pays land transfer tax?

When you acquire a property or land, you pay land transfer tax to the province when the transaction closes.

Land transfer tax is normally based on the amount paid for the land, in addition to the amount remaining on any mortgage or debt assumed as part of the arrangement to buy the land.

In some cases, land transfer tax is based on the fair market value of the land, for example, where:

- the transfer of a lease with a remaining term that can exceed 50 years
- the transfer of land is from a corporation to one of its shareholders, or
- the transfer of land is to a corporation, if shares of the corporation are issued.

First-time homebuyers

If you are a first-time homebuyer, you may be eligible for a refund of all or part of the land transfer tax.

Other land taxes

Local municipalities charge a tax on the residential or business property you own. If you have questions about municipal property tax, contact your local municipality. If your property is located in an unorganized territory (an area without municipal organization) of Ontario, property tax is collected through the provincial land tax program administered by the Provincial Land Tax Office in Thunder Bay.

Harmonized sales tax

The harmonized sales tax (HST) applies to newly constructed homes or substantially renovated homes, but does not apply to resale homes. Buyers of new homes may receive a rebate of up to $24,000 of the provincial portion (8%) of the HST. If you have any questions about the HST rebate please contact the Canada Revenue Agency at 1 800 959-1953.

Land transfer tax rates

The tax rates calculated on the value of the consideration are:

- 0.5% up to and including $55,000
- 1% above $55,000 up to and including $250,000
- 1.5% above $250,000
- 2% above $400,000 where the land contains one or two single family residences.

The land transfer tax rate is the same for residents and non-residents of Canada.

Calculating the tax amount

Use the table below to calculate land transfer tax.

- Residential property: land that contains one or two single family residences
- VC: Value of the consideration for the conveyance or disposition
-LTT: Land transfer tax payable

Purchase Price $

   
     

Ontario Land Transfer Tax $

   

Vacant lot with a construction contract

Where a construction contract is entered into as part of the arrangement relating to the purchase of a vacant lot or lots, the value of the consideration is calculated on the: