Quotations for standard residential purchases, sales & mortgage refinances.
1. Residential Purchase
Standard New or Resale Residential Purchase & Mortgage...........Only $975.00*
Includes:
• Lawyer’s Fees & DisbursementsExcludes the following (which are extra):
• Applicable Taxes (Land Transfer Tax, HST)
• Title Insurance Premium (typically $350 on a property valued from $200,000 to $500,000)
•Status Certificate if Condominium & not provided by Seller ($100 extra)
•Interim Occupancy if New Condominium ($150 extra)
* This Quotation assumes (a) a standard title-insured transaction with two buyers/two sellers acting personally and no complications – any additional services required to complete the closing to be discussed first, then extra fee added as agreed with client, (b) registration of one mortgage with a major financial institution, (c) transaction does not involve Power of Sale, otherwise an additional $150 fee may apply, and (d) the purchase price is under $500,000, otherwise an additional $75 fee for each $100,000 increment above $500,000 may apply, and e) subject property is located in Peel Region or GTA, otherwise an additional $50 may apply.
2. Residential Sale
Standard Residential Sale & Mortgage Discharge…Only $675.00*
Includes:
• Lawyer’s Fees & DisbursementsExcludes:
• Applicable Taxes (HST) are extra
* This Quotation assumes (a) a standard transaction with two buyers/two sellers acting personally, and no complications – any extra registrations or services required to complete the closing to be discussed first, then added as agreed with client, (b) one mortgage discharge with a major financial institution & mortgage discharge statement includes registration of discharge, and (c) the sale price is under $500,000, otherwise, an additional $50 fee per $100,000 increment above $500,000 may apply.
3. Residential Mortgage Refinancing
Standard Residential Mortgage Refinancing...Only $615.00*
Includes:
• Lawyer’s Fees & DisbursementsExcludes the following (which are extra):
• Applicable Taxes (HST)
• Title Insurance Premium for Lender's Policy (typically $149 on a mortgage valued from $50,000 to $750,000)
* This Quotation assumes (a) a standard mortgage refinancing from a major financial institution with two mortgagors acting personally & no complications – any extra registrations or services required to complete the refinancing to be discussed first, then added as agreed with client, (b) discharge of one mortgage or secured line of credit with a major financial institution & mortgage discharge statement includes registration of discharge, (c) no additional payouts of secondary financing, credit cards or unsecured lines of credit, otherwise an additional fee of $25 per payout would apply, (d) the mortgage amount is under $500,000, otherwise an additional $25 fee per $100,000 increment above $500,000 may apply, (e) mortgagors can supply reasonable evidence that property taxes (& any utilities that might form a lien) have been paid up to date, otherwise applicable municipal charge for a tax certificate would apply, and (f) subject property is located in Peel Region or GTA, otherwise an additional $50 may apply.