Buying or selling a home is one of the most important decisions a person can make. Our experienced real estate lawyer ensures worry-free and convenient real estate closings. We offer comprehensive legal services tailored to you and safeguarding your interests.
Purchase and Sale Transactions
Title Examination and Insurance
Financing and Mortgage Transactions
Landlord-Tenant Matters
On transfers of residential real property in Ontario, Ontario Land Transfer Tax (LTT) is calculated on the purchase price (less a calculation regarding HST, if the property purchased is a newly built home). The Ontario land transfer tax is payable by the purchaser on the purchase price upon registration of a Transfer/Deed of Land in the Ontario Land Registry Office on closing based on the following upward sliding scale:
0.5% on the first $55,000 of the purchase price, plus
1.0% on the amount exceeding $ 55,000 up to and including $250,000, plus
1.5% on the amount exceeding $250,000 up to and including $400,000, plus
2.0% on the amount over $400,000.(Be aware that for non-residential properties, such as industrial or commercial real estate, there is no 2% charge since the tax rate is 1.5% for any amount of purchase price over $250,000 regardless of the total price.)
Address : 55 Main St W Grimsby, ON L3M 1R3 Canada
Phone : +1-905-945-9271
Email : info@hassaanlaw.ca
Address : 330 Bronte Street South Suite 204 Milton, Ontario L9T 7X1 Canada
Phone : +1-905-878-2804
Email : info@fayhassaan.com
Grimsby, Ontario
Address : 55 Main St W Grimsby, ON L3M 1R3 Canada
Phone : +1-905-945-9271
Email : info@hassaanlaw.ca
Milton, Ontario
Address : 330 Bronte Street South Suite 204 Milton, Ontario L9t 7×1 Canada
Phone : +1-905-878-2804
Email : info@fayhassaan.com
