Purchase of Property in Ontario
We understand that the needs of a first-time homebuyer vary from those of our investor clients. Our objective is to ensure you have a stress-free and smooth transaction, while we protect your rights.
We offer fixed-rate affordable closing quotes for residential property purchases in Ontario. We are rated on Google as one of Toronto’s most affordable and best rated transactional real estate law firms in Toronto. We hope you will be our firms next 5 star review!
If you need a real estate lawyer, please contact our office for a FREE initial consultation and a quote on our services to close your purchase, sale and/or refinance transaction.
$1,299.99
*This quote is promotional for new firm clients only.
Repeat clients add $200.00
Quote Includes All Standard Disbursement
No Hidden Fees or Surprises!
What are disbursements?
Disbursements are the costs that the law firm incurs while working on your transaction. Most law offices charge their clients for disbursements on top of their legal fees. This method of billing can add hundreds of dollars of unexpected costs. With us, our quotes include disbursements!
Disbursements Included:
One Class A Institutional Lender Mortgage preparation (one of the big 5 banks)
Title searches (1) parcel and execution writ searches
Conveyancing software charges (Unity, LDD)
Cheque certifications/Wire Fees (up to 2)
Courier and postage costs
Travel
Photocopying
Faxing
File storage
Our quotes include disbursements that most offices charge on top of their fees. The only things you add on top of our quote is tax (13%), land registry office fees, title insurance and land transfer tax! See sample quote below.
Call us for more details at 416-299-0050 or email us through our website to office@ganganilaw.com.
We would be happy to provide you with an no obligation quote for your upcoming transaction!
Sample Quote for Purchase with Class A Mortgage:
1) Legal fees including disbursements - $1,299.99 plus tax
2) Land Registry Office Fees - $85.00 per registration to Register Ownership and Mortgage - $170 total
3) Title Insurance - cost is based on your purchase price of approximately $1 per thousand of purchase price. So for example, $600,000.00 purchase price, title insurance is approximately $600.00. Have questions? Call us to find out more about title insurance
4) Ontario Land Transfer Tax - if you are a first time home buyer, you will receive the rebate automatically
Land Transfer Tax Calculator: https://trreb.ca/buying-selling-intelligence/ltt-calculator-residential/
*Our flat rate legal fee applies to a residential single family dwelling on city services under $1,500,000, being vacant/tenant free on closing with one first mortgage from Class A bank with no other encumbrances or liens on title. Our disbursements comply with LSUC Rule 4.2-2.1: HST, government document registration fees, fees charged by government Teranet fees, costs of condominium status certificate, lawyers creditor's letters and title insurance.
The fee is valid if our firm is retained and receives the Agreement of Purchase and Sale and bank mortgage instructions at least 5 business days prior to closing. If any unforeseen issues arise, you will be notified immediately. Additional charges may apply to rush transactions, investment properties, commercial properties, condominium occupancy closings, bridge loan mortgages or any other matter beyond the scope of a standard real estate purchase transaction.
Lenders we are insured and authorized and regularly work with:
We are approved and work for all major lenders and credit unions in Ontario. Here are some examples:
The Toronto-Dominion Bank (TD)
Canadian Imperial Bank of Commerce (CIBC) and Simplii Financial
The Bank of Nova Scotia (Scotiabank) and Bank of Montreal (BMO)
Royal Bank of Canada (RBC)
Tangerine Bank
Equitable Bank
Home Trust, Effort Trust, Parama Credit Union, Meridian Credit Union
National Bank of Canada
HSBC and most other credit unions
Why Choose Us For your Purchase transaction?
1) Work directly with an experienced lawyer - The difference with us is you will work and meet directly with one of our lawyers. We are licensed and insured to practice real estate law. Communication and responsiveness is very important to us and is one of the main reason why our clients love our service!
2) Experienced, Responsive and Quality Services - We have over 20 years of combined experience having closed thousands of real estate transactions. Not only do we handle real estate transactions but we also handle real estate disputes and negotiations should things go wrong. Most real estate lawyers practice are limited to only real estate law; not us. We handle real estate negotiations and disputes and can refer you to some of Canada’s top tax lawyers should your matter require this. Our clients have rated us as one of Toronto’s best rated real estate law firms on Google for a reason!
3) All Inclusive Quotes - Unlike most law firms who charge disbursements on top of their legal fees, our approach is different. Our legal fees are straight forward and include disbursements, so you have one less thing to worry about!
We offer competitive quotes - we don't have unhappy customers!