Buying a home can be very complicated and overwhelming at times. You have our promise and commitment to work with you through every aspect of this important investment to ensure you are informed and confident in your choices.
We will work with you to identify the best home that fits your specific needs, budget, wants and location.
We are local, know the neighborhoods, schools, and amenities that will best suit your needs.
Our detailed Buyer’s Guide has everything you need and will assist you in navigating the process.
We facilitate sending documents to your lawyer and bank on your behalf.
We will identify the best home that fits your specific needs, budget, wants and we will co-ordinate house tours that are convenient for your schedule with no pressure or timeline until we find exactly what you are looking for.
You have our promise and commitment to help you make the most informed decisions throughout the buying process and beyond.
During the process, we will provide you with a neighborhood market analysis in order to prepare the offer to purchase and negotiate the best possible terms to protect your best interests.
When buying a home or condominium in Ontario, closing costs are an important part of the process that many buyers overlook. Understanding these costs ahead of time will help you budget properly and avoid surprises on closing day.
Below is a breakdown of the most common closing costs buyers should expect.
Your real estate lawyer plays a critical role in completing the transaction. Their responsibilities include reviewingthe Agreement of Purchase and Sale, conducting a title search, preparing mortgage and transfer documents,coordinating with the lender, and ensuring the funds are properly transferred on closing day.
Legal fees vary depending on the complexity of the transaction and the lawyer’s experience, but many charge a flatfee. It’s always a good idea to ask for a detailed quote in advance.
A title search confirms that the seller legally owns the property and ensures there are no liens, unpaid taxes, orlegal claims attached to it.
In addition to the legal fee itself, there will be disbursements, which are third-party costs your lawyer pays on yourbehalf. These may include land registry searches, document registration costs, and administrative expensesrequired to complete the transaction.
In Ontario, buyers must pay Land Transfer Tax (LTT) based on the purchase price of the property. This is often one of the largest closing costs associated with purchasing a home.
If you are purchasing a property within the City of Toronto, buyers must also pay an additional Municipal Land Transfer Tax, which is roughly equal to the Ontario land transfer tax amount.
First-time homebuyers may qualify for rebates that can significantly reduce this expense.
Title insurance is a one-time premium paid at closing that protects homeowners against issues such as title defects, ownership disputes, or fraud that may arise after the purchase.
While optional for the homeowner, most mortgage lenders require lender’s title insurance, which protects the lender’s financial interest in the property. This cost is typically paid by the buyer at closing.
A registration fee is required to register the transfer of ownership with the provincial land registry system. This is part of the legal process that officially records you as the new owner of the property. If you are financing the purchase with a mortgage, there will also be a registration fee for the mortgage itself.
On closing day, adjustments are made between the buyer and seller for expenses that have already been prepaid by the seller.
These adjustments may include:
Property taxes
Utility payments
Condo maintenance fees (for condominiums)
Fuel oil or other prepaid services
If you are purchasing a condominium, sellers typically pay for a Status Certificate, which provides financial and legal information about the condominium corporation.
This document confirms details such as:
Condo fees
Reserve fund health
Special assessments
Rules and financial obligations
A title search confirms that the seller legally owns the property and ensures there are no liens, unpaid taxes, orlegal claims attached to it.
In addition to the legal fee itself, there will be disbursements, which are third-party costs your lawyer pays on yourbehalf. These may include land registry searches, document registration costs, and administrative expensesrequired to complete the transaction.
As winter fades and the first signs of spring begin to emerge, Halton homeowners have an opportunity to refresh their outdoor spaces and set the tone for the se
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