Why Choose Us?

We are one of the first real estate law offices to develop this method of fees for standard real estate transactions in Ontario!

Our approach is different; our fees are straight forward and easy to understand, so you have one less thing to worry about. We can assist on your upcoming purchase, sale or mortgage transaction for an all inclusive fixed price which includes standard disbursements.

What are disbursements? Disbursements are the costs that the law firm incurs while working on your file. 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.

Every transaction is unique and complicated; this is why we believe that communication is very important. Throughout your closing, a lawyer or trained staff member will always be available to take your call or answer an email with regard to any questions or concern that can arise at any time during the different stages of your deal.

SALE OF RESIDENTIAL PROPERTY

Our fee to represent Sellers is from $999.99 - our legal fees INCLUDE disbursements!
*add HST and the Law Society of Ontario Levy Fee ($65)

Sale price over $1,000,000 (one million) and under $1,500,000.00 add $200 to our all in closing costs ($999.99)
Sale price over $1,500,000-$2,000,000 add $400 to our all inclusive fee ($1199.99)
Sale price over $2,000,000 (two million) - call our office

*Our flat rate legal fee applies to a residential single family dwelling on city services, being vacant on closing with one first mortgage and no other encumbrances or liens on title.

Note that additional charges may apply to investment properties, commercial properties, occupancy closings, lines of credit or additional mortgages/lines of credit, bridge loans or any other matter beyond the scope of a standard real estate transaction.

The fee is valid if our firm is hired and receives the Agreement of Purchase and Sale at least 5 business days prior to closing.

If any unforeseen issues arise you will be notified immediately.

Included with our quote:

The discharge of one mortgage/payout
Title and execution searches
Software transaction charges
Cheque certifications (up to 2)
Courier and postage cost
Travel
Photocopying
Faxing
File storage

Standard sale includes: sale of property under $500,000.00 and includes one mortgage discharge ($150-$300 each additional payout). No title issues or complications on your sale transaction such as liens, court judgement, security interests by third parties, corporate sellers, writ letters, use of power of attorney etc,.

Our disbursements (if applicable) comply with LSUC Rule 4.2-2.1: HST, govt. document registration fees, fees charged by govt., Teranet fees, costs of condo status certificate, lawyers creditor's letters and title insurance.

PURCHASE OF RESIDENTIAL PROPERTY

From $1299.99 - our legal fees INCLUDE disbursements! Add the following:

Tax

Registration Costs

Title Insurance; and

Land Transfer Tax

Fees for a Standard Purchase with Bank Mortgage:

1) Legal fees and disbursements - $1199.99 plus HST

*If your purchase price is greater than $1,500,000 and lower than $2,000,000 add $400 to our all inclusive fee. For purchases of property above $2,000,000 contact our office.

2) Ownership and Mortgage Registration Costs -Current Government Fee is $78.79 per registration so $157.58 (HST included)

Total: $1513.57 inclusive of HST

3) Title Insurance - Cost Varies based on your purchase price - We estimate the cost of title insurance to be $1 per thousand. So $500,000 purchase, approximately $500 for title insurance.

4) Title insurance underwriting fee of $150 plus HST is paid to us from the title insurers.

5) Land Transfer Tax - you will receive a rebate if you are a First Time Home Buyer

Included in our quote:

Ownership Deed and One A Class Institutional Lender Mortgage preparation
Title and execution writ searches
Software transaction charges
Cheque certifications
Courier and postage costs
Travel
Photocopying
Faxing
File storage

*Our flat rate legal fee applies to a residential single family dwelling on city services under 1.5 million, being vacant on closing with one first mortgage and no other encumbrances or liens on title. Our disbursements (if applicable) comply with LSUC Rule 4.2-2.1: HST, government document registration fees, fees charged by government Teranet fees, costs of condo status certificate, lawyers creditor's letters and title insurance. The fee is valid if our firm is hired and receives the Agreement of Purchase and Sale at least 5 business days prior to closing. If any unforeseen issues arise you will be notified immediately. Note that additional charges may apply to rush transactions, investment properties, commercial properties, condominium occupancy closings, bridge loans or any other matter beyond the scope of a standard real estate purchase transaction.

Lenders we regularly work with (we work for all Lenders):

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
Equittable Bank
Home Trust, Effort Trust, Parama Credit Union
National Bank of Canada
HSBC and most credit unions!

Ontario Land Transfer Tax Calculator

Land Transfer Tax Calculator: http://www.trebhome.com/buying/ltt_calculator/ltt_calculator.htm

First time home buyers:

If you are a first time home buyer, you may qualify for the Land Transfer Tax Rebate. Call us for details!

Title insurance:

The cost of title insurance depends on the purchase price, property type and whether you are obtaining a mortgage. We arrange for the most valuable title insurance policies for our clients. Title insurance is a one time fee which lasts throughout your ownership of the title of the property and protects against various title issues and risks.

Condominiums: We review status certificates and do new build condominium closings. If you are purchasing a locker or parking spot, additional searches are needed to ensure clear title to these separate parcels.

*Standard purchase includes: one single family residential property purchase price up to $1,000,000.00 with one mortgage with a standard bank received no less than 5 business days before closing. The property is on a whole lot and not a part lot which requires additional searches to ensure no violations of the Planning Act (add $100 if your property is a part lot). There are no unexpected complications or title issues with your property purchase such as court orders, security interests from rental companies. Any additional searches that are required for your specific property will be discussed with you prior to our office performing any work on your file. Call or email us for a specific quote on your transaction.

REFINANCE OF RESIDENTIAL PROPERTY

$999.99
*PLUS TAX AND TITLE INSURANCE

Disbursements Included:

Title and execution searches
One mortgage preparation with standard bank
Software transaction charge
Cheque certifications
Courier and postage costs
Traveling
Photocopying
Faxing
File storage

*Standard re-finance includes: single family residential, up to $500,000 with one mortgage with a standard bank received no less than 5 business days before closing. No liens or judgments against you, no complications. Includes one discharge statement request or debt payout. Any additional payouts for mortgages or payouts are charged in addition to our fee. Any additional searches or certificates that are required for your specific property will be charged to you, this is to insure the Lender has clear title.

*Our flat rate legal fee applies to a residential single family dwelling on city services, being vacant on closing with one first mortgage and no other encumbrances or liens on title. Our disbursements (if applicable) comply with LSUC Rule 4.2-2.1: HST, government document registration fees, fees charged by government Teranet fees, costs of condo status certificate, lawyers creditor's letters and title insurance. The fee is valid if our firm is hired and receives the Agreement of Purchase and Sale at least 5 business days prior to closing. If any unforeseen issues arise you will be notified immediately. Note that additional charges apply to investment properties, commercial properties, occupancy closings, lines of credit or additional mortgages/lines of credit, bridge loans or any other matter beyond the scope of a standard real estate transaction. This quote is valid for 30 days from the date provided.

Contract Assignment Transaction:

An Assignment is a transaction where the original buyer of a property (the Assignor) allows another buyer (the assignee) the right to assume their Agreement of Purchase & Sale, prior to the assignor closing the transaction. An assignment is most common in pre-built homes and condominiums. The assignee will ultimately close the transaction with the Seller (the builder). The assignor will remain liable under the Agreement of Purchase & Sale until the assignee closes the transaction with the seller. An assignor must receive written consent from the seller to assign the property. Generally, if the consent is granted, a fee will be payable and conditions must be followed.

We will review the Assignment of Agreements of Purchase & Sale, Vendor’s consent to assign and we assist in closing assignment transactions.

CONDOMINIUM OCCUPANCY FEES:

$400
*PLUS HST

WRITTEN STATUS CERTIFICATE REVIEW:

$250
*plus HST

Other Real Estate Services INCLUDE:

Title Transfers: If you want to transfer ownership to add or remove a person off title, we can guide you through the complicated issues such as land transfer taxes and existing mortgages.

Survivorship Applications: Where a property is owned by two individuals and one of them dies, the deceased owner must be removed off title in order to deal with the property. The living owner will need to bring a survivorship application in order to accomplish this.

Private Mortgages: Our firm can represent both lenders and borrowers in private mortgage transactions. If you are lending money for personal or investment purposes and want to secure your money against the borrowers real estate, we can help with this type of transaction. We prepare all mortgage documents for the borrower and yourself to execute, provided the loan is under $50,000. For loans over $50,000 contact us for details.

Status Certificate Review: We review status certificates for condominium purchases.

Contract Review: If you have signed an agreement of purchase and sale with a new home or condominium builder there is a "cooling" off period wherein your lawyer can further negotiate the terms of your agreement with the builder before your contract becomes firm and binding. By doing this, we may be able to save you hundreds or even thousands on your transaction.

Drafting of Agreements: If you require your real estate transaction to be reviewed or your agreement of purchase and sale to be drafted, contact us today!

Matrimonial Home Designation: If you are a spouse and are not on title of your matrimonial home, you may want to register a matrimonial home designation to protect your rights.

Title Searching: If you are planning to purchase a property and would like to know the history of it, contact our office and we will obtain the parcel register for you for.

HST Rebate Applications: Call us today if your builder did not provide you with the HST rebate. We submit applications to the Canada Revenue Agency for people using the property as their primary residence and landlords who have leased out their properties.

HIRE US:

If you would like to hire us:

You or your realtor can send your agreement of purchase and sale by email to office@ganganilaw.com or fax it to 647-247-0844.

We provide guidance to all sorts of clients, from first-time homebuyers to experienced investors. We have helped thousands of individuals successfully buy or sell a home, condominium or cottage with ease.

Please call our office to set up a meeting so that we can officially retain you as one of our clients! If your matter is urgent, please make sure you receive verbal confirmation from our staff that your documents or message has been received.