Real Estate Lawyer in Ontario
Cost-Effective Solutions for Individual & Small Business Success!
Serving the Greater Toronto Area
and the rest of Ontario
When to Contact a Real Estate Lawyer?
Buyers and sellers will want to contact a real estate lawyer as soon as an Offer to Purchase is signed. Conveyance of a property can be complex and time-consuming – real estate lawyers have the experience and expertise to make sure the process is smooth and headache-free. Your Lawyer can explain the terms in plain language the steps you will need to take and help you guide throughout the process.
Ontario Real Estate Lawyer
Insight Law Professional Corporation is a Real Estate Law Firm. We understand that real estate transactions are often the most significant deals a person will be involved in during their lifetime. From reviewing purchase and sale agreements to conducting title searches and working with financial institutions for a timely and smooth closing, we assist our clients every step of the way. We recognize different types of properties and their unique considerations and guide our clients through the complexities of such transactions.
While making every effort to ensure the transaction is closed smoothly and on time, we assist you in understanding the details of the transaction and strive to be accessible to you throughout the whole process. Many legal issues must be addressed whether you’re buying or selling a home. A real estate lawyer can provide valuable assistance with the conveyancing process, which involves managing and coordinating the transaction in compliance with legal documentation and relevant provincial laws.
We are conveniently located in midtown Toronto, minutes from the Eglinton-Yonge station. We are capable of serving the entire province of Ontario remotely. Call us at 647-300-8391 or click the button above to book a FREE consultation.
Simplified Process
Calculate Your Quote
Fill out our form here and we will contact you to provide a detailed estimate for buying, selling, mortgage or title transfer transaction.
Collect Your Documents
Forward us a copy of your agreement and connect us with your real estate agent & mortgage broker for us to begin the transaction.
Document Execution
We will meet with you in person or remotely for signing and guide you throughout the process to complete the transaction.
Purchasing Real Estate
Purchasing real estate in Ontario can be a complex and challenging process, but with the right team in place, it can also be a rewarding and enjoyable experience. By working with experienced professionals, you can ensure that your purchase goes smoothly and that your interests are protected every step of the way.
Once you have signed the agreement of purchase and sale for a new home in Ontario, it’s important to start working with a Ontario real estate lawyer as soon as possible.
At Insight Law, we will conduct a title search, get your title insurance in place, complete the registration under your name and prepare your Statement of Adjustments, and facilitate financial aspects of the transaction on the closing day. Once the transaction is complete, we will provide you with the lockbox code to access your new home. With the help of a skilled and experienced real estate lawyer, you can enjoy a smooth and stress-free home purchase in Ontario.
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✔ Reviewing the Agreement of Purchase & Sale
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✔ Title search review
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✔ Writ search review
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✔ Reviewing documents sent by the vendor’s lawyer
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✔ Preparing file including mortgage, transfer and other closing documents
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✔ Making sure the title is clear of liens
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✔ Communicating with financial institutions (if applicable)
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✔ Making the necessary arrangements for title insurance
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✔ Contacting you to book an appointment for signing
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✔ Remote signing available at no extra cost
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Additional charges for transactions >$1M
*Additional charges will apply for special conditions such as multiplemortgagese, bridgeloansn, privatelendersr, rush fees, investment properties, commercial properties, etc. Please contact us for a detailed quote for your situation.
Selling Real Estate
Selling real estate in Ontario involves a legal process that must be followed to ensure a successful and legally compliant transaction. As a seller, it is essential to understand the legal requirements and obligations involved in selling real estate in Ontario, and work with a knowledgeable Ontario real estate lawyer to ensure that your rights and interests are protected throughout the process.
Selling real estate in Ontario is a complex and legally binding process that must be followed to ensure a successful and compliant transaction. Working with a qualified Ontario real estate lawyer can help ensure that the legal requirements are met, and that your rights and interests are protected throughout the process.
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✔ Reviewing your Agreement of Purchase and Sale
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✔ Title Search Review
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✔ Reviewing the requisition letter from the purchaser
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✔ Reviewing documents sent by the purchaser’s lawyer
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✔ Drafting transfer, sale, discharge of mortgage and other closing documents
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✔ Coordinate payment of mortgage balance and completing the discharge
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✔ Communicating with financial institutions (if necessary)
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✔ Contacting you to book an appointment for signing
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✔ Remote signing available at no extra cost
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Additional charges for transactions >$1M
*Additional charges will apply for special conditions such as multiple mortgages, bridge loans, private lenders, rush fees, investment properties, commercial properties, etc. Please contact us for a personalized quote tailored to your specific situation.
Buying & Selling Real Estate
Buying and selling real estate can be a stressful and time-consuming process, but when you need to do both at the same time, it can add a whole new level of complexity. In Ontario, buying and selling real estate simultaneously requires careful planning and preparation to ensure a smooth transition from one property to the next.
Most people use bridge financing as an option if they need to buy a new property before selling their current one. This type of financing allows you to access the equity in your current home to put towards a down payment on your new property.
When buying and selling real estate at the same time in Ontario, it’s essential to work with a real estate lawyer to ensure that your interests are protected throughout the process.
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✔ Reviewing the Agreement of Purchase & Sale
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✔ Title search review
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✔ Writ search review
-
✔ Reviewing the requisition letter from the purchaser
-
✔ Reviewing the documents sent by the vendor’s lawyer
-
✔ Reviewing documents sent by the purchaser’s lawyer
-
✔ Drafting transfer, sale, discharge of mortgage and other closing documents
-
✔ Coordinate payment of mortgage balance and completing the discharge
-
✔ Communicating with financial institutions (if necessary)
-
✔ Preparing file including mortgage, transfer and other closing documents
-
✔ Making sure the title is clear of liens
-
✔ Communicating with financial institutions (if applicable)
-
✔ Making the necessary arrangements for title insurance
-
✔ Contacting you to book an appointment for signing
-
✔ Remote signing available at no extra cost
-
Additional charges for transactions >$1M
*Additional charges will apply for special conditions such as multiple mortgages, bridge loans, private lenders, rush fees, investment properties, commercial properties, etc. Please contact us for a personalized quote tailored to your specific situation.
Mortgage Transactions (Refinance)
Refinancing your home can be a wise financial move, allowing you to access the equity in your property and potentially lower your monthly mortgage payments. However, the process of refinancing can be complex, and it’s essential to work with a Ontario real estate lawyer to ensure that your interests are protected throughout the process.
By reviewing mortgage documents, conducting title searches, coordinating with the lender, ensuring compliance with regulations, and providing legal advice, your lawyer can help you navigate the refinancing process.
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✔ Reviewing Mortgage Instructions
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✔ Reviewing the Agreement of Purchase and Sale (if applicable)
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✔ Reviewing Title Searches
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✔ Preparing mortgage, refinancing and other closing documents
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✔ Coordinating payment of the mortgage balance and completing the discharge
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✔ Communicating with financial institutions (if necessary)
-
✔ Contacting you to book an appointment for signing
-
✔ Remote signing available at no extra cost
-
Additional charges for transactions >$1M
*Additional charges will apply for special conditions such as multiple mortgages, bridge loans, private lenders, rush fees, investment properties, commercial properties, etc. Please contact us for a personalized quote tailored to your specific situation.
Transfer of Ownership / Title
In Ontario, transferring title ownership involves adding or removing a person from the ownership or title of a property, and this process is typically carried out by lawyers.
Aside from the typical reasons related to buying or selling a property, individuals may have various other motives for transferring partial or full ownership of a property. Some common causes for a title transfer include divorce or separation, fulfilling mortgage or refinancing obligations, transfers between trustees and nominees, and survivorship applications to acquire sole ownership of a property after the passing of a spouse or partner.
If you need a Ontario Real Estate lawyer for such transaction, give us a Call!
*Additional charges will apply for special conditions such as multiple mortgages, bridge loans, private lenders, rush fees, investment properties, commercial properties, etc. Please contact us for a personalized quote tailored to your specific situation.
Assignment of Property
An Assignment refers to a transaction in which the original purchaser of a property (the Assignor), grants another buyer (the Assignee) the right to take over their Agreement of Purchase & Sale before the original buyer completes the transaction.
This type of transaction is mostly seen in pre-built homes and condominiums, where the Assignee will eventually finalize the transaction with the seller (the builder). Until the transaction is completed by the Assignee, the Assignor remains responsible under the Agreement of Purchase & Sale. The Assignor must obtain written approval from the seller to assign the property, and if approved, there may be a fee involved, and specific conditions must be met.
If you need assistance from a Ontario Real Estate Lawyer for an assignment of property, Contact Us!
*Additional charges will apply for special conditions such as multiple mortgages, bridge loans, private lenders, rush fees, investment properties, commercial properties, etc. Please contact us for a personalized quote tailored to your specific situation.
What does a real estate Lawyer do?
Real Estate Lawyers handle the Conveyancing of the Property which includes handling of the paperwork that transfers the property title to your name, deal with your mortgage financing, and pay the seller the purchase price. Real estate lawyers review the legal documents and issues related to a transaction including the legal review of the Agreement of Purchase or Agreement of Sale.
Buying or selling a home might be quite challenging since this may be the single most important transaction lifetime. While making every effort to ensure the transaction is closed smoothly and on time, our lawyers will also assist you in understanding the details of your transaction and strive to be accessible to you throughout the whole process. We provide quality legal services in real estate law to individuals and businesses while protecting the best interest of our clients even in the most complex matters.
Why Choose Insight Law Professional Corporation
Professional
We take pride in our work and are committed to providing knowledgeable and friendly service to all our clients. Our team is dedicated to ensuring that you have a positive experience and we strive to achieve optimal results in every case we handle.
Client Focused
Client satisfaction is at the forefront of everything we do. We place a high priority on client satisfaction and takes a personalized approach to every case. We take the time to listen to clients, understand their needs, and develop tailored solutions that meet their unique requirements.
Transparent
We have nothing to hide. Our fixed prices and hourly rates are visible upfront. Most of our add-ons are fixed line items. Because honesty is the best policy, and it saves time on both sides. We offer a free 15-minute consultation to understand your needs and to review our fees.
Flexible
We understand that our clients lead busy lives, and it may not always be possible to for everyone can meet during normal working hours. We can accommodate your schedule and discuss options to suit your needs.
Client Testimonials
Frequently Asked Questions
Real estate lawyers provide a wide range of services, including drafting and reviewing contracts, negotiating deals, conducting due diligence, advising on zoning and land use regulations, handling title searches, and order title insurance.
Whenever you are involved in a real estate transaction, whether you are buying, selling, leasing, or managing property, you should consider hiring or consulting a lawyer.
A title search is a process of examining public records to determine the legal ownership of a property and to identify any liens, mortgages, or other encumbrances on the property.
Title insurance is an insurance policy that protects the buyer and lender from losses that may occur due to defects in the title, such as undisclosed liens, boundary disputes, or errors in public records.
Disbursements refer to the various expenses incurred during a real estate transaction. These expenses can include things like land transfer taxes, title searches, title insurance, appraisal fees, tax certificates, software and office charges, and any other costs that are associated with the transfer of ownership from one party to another.
The Agreement of Sale and Purchase is a legally binding document that can be enforced in court. Therefore, it is not advisable to sign a second agreement without the seller's consent to release you from the first agreement, or without being willing and able to purchase both properties.
While it is possible to back out of a real estate deal, there are potential consequences. In cases where the seller incurs expenses such as mortgage holding costs or legal fees, or is unable to quickly resell the property, there is a likelihood that you may lose some or all of your deposit. Furthermore, if your offer was considerably higher than the new buyer's, the other party may choose to pursue legal action against you.
Purchasing land entails paying taxes to the Province of Ontario, which are determined by the land's assessed value. If you are a first-time homebuyer, you may qualify for a partial refund of the land transfer tax.
Please refer to the Government of Ontario website for calculating the Ontario Land Transfer Tax:
https://www.ontario.ca/document/land-transfer-tax/calculating-land-transfer-tax
If the property is located in Toronto then an additional Toronto Municipal Land Transfer Tax will also apply:
Land Transfer Tax Calculator (Ratehub)
The cost of hiring a real estate lawyer varies depending on the nature of the work, the type of the real estate transaction, the complexity of the transaction, and the experience of the lawyer. Some lawyers charge on an hourly basis, while others charge a flat fee.
If you buy a pre-construction condominium from a developer, there will be a period between the time you acquire possession of the unit and when you take full ownership. This period is also referred to as the "occupancy period" or "interim occupancy". Throughout this interval, the developer will ask you to pay occupancy fees, also known as "phantom rent."
Real estate agents can help you find a property that suits your needs and provide valuable assistance in buying or selling a property, but they are not licensed to provide legal advice. It is important to hire a real estate lawyer to ensure that your legal interests are protected.
An agreement of purchase and sale is a legally binding agreement between a buyer and seller that outlines the terms and conditions of a real estate transaction, including the purchase price, financing terms, and contingencies. It defines the rights and obligations of both sides regarding the subject real estate transaction.
Typically, certain agreements of purchase and sale contain contingencies (or conditions) that must be met before a real estate transaction can be completed. Common contingencies include home inspections, financing approval, and appraisal.
An easement is the legal right for one property owner to enter another’s without permission. An Easement runs with the land and binds all subsequent owners.
Yes, a real estate lawyer can help with leasing commercial property by negotiating lease terms, reviewing contracts, and ensuring that the lease complies with applicable laws and regulations. Both landlords and tenants can hire their own real estate lawyers in order to obtain legal advice and other legal services regarding the lease.
Yes, we do offer virtual services. We understand the importance of adapting to the digital age and providing convenient options for our clients. We provide virtual consultations, remote collaboration, and online signing options to ensure seamless communication and delivery of our services. Whether you are located near or far, we are here to meet your needs virtually.
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Property Tax in Ontario and Legal Considerations
About Ontario
Ontario’s real estate market and robust economy are integral to the province’s identity. The Greater Toronto Area (GTA) is renowned for its dynamic real estate sector. Toronto, the provincial capital, consistently ranks among the world’s most attractive cities for real estate, with a thriving condo market and diverse housing options. This demand is driven by Ontario’s robust economy, which serves as the economic engine of Canada. The province is a global financial hub, hosting the Toronto Stock Exchange and numerous multinational corporations. Ontario’s economic diversity extends beyond finance, with significant contributions from manufacturing, technology, healthcare, and education sectors. As a result, it boasts a highly skilled workforce and numerous job opportunities, making it an appealing destination for professionals and entrepreneurs alike. These factors contribute to Ontario’s reputation as a place of economic opportunity and growth, attracting individuals and businesses worldwide.
Directions to Our Office from Toronto, ON
Note: We can remotely serve all of Ontario. Let’s discuss if it works for you.
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