[email protected]

Phone Number

(416) 265-9449

Real Estate

Make An Appointment

We offer real estate services for a wide range of clients. Whether you are a first-time home buyer or seller or a property, developer, you can rest assured knowing we have your back.

SLPC deals with Buying property, Selling Property, Buying and Selling Assets and Business, refinancing of the property, Acting for Borrowers and Lenders in private mortgage transactions, Transfer of Property, Registration of All types of instruments on the properties, such as Survivorship Application, Severance of the properties, Registration of Liens and Notices

SLPC also deals with Commercial Real Estate Transactions. SLPC also offers fully electronic Real Estate closings.

We offer Real Estate Related legal services across Ontario. SLPC has extensive experience to handle your particular type of real estate transaction and we spend required time with you to explain the services and communicate promptly.

SLPC is beside you to assist you to save your hard-earned money and to avoid prejudice in your Real Estate Transaction.

Years Experience

Relevant helpful links

Frequently Asked Questions

Ask A Question
Consulting SLPC prior to signing an Agreement of Purchase and Sale is suggested or not.
This is always suggested to consult SLPC prior to signing an Agreement of Purchase and Sale. This I help you to seal all the loopholes which may attract prejudice to you. If due to the time constraint, you are unable to consult us, at least try to insert a condition lawyer’s review and satisfaction of the contents of the Agreement of Purchase and Sale.
Am I qualify for the Land Transfer Tax rebate?
  • You must be within Canada
  • You must buy an existing or new home
  • The property to be purchased must be a single, semi, townhouse, mobile home, condo, or apartment. That can include a share in a co-operative housing corporation that gives you possession of the home
  • You must intend to occupy the home within 9 month’s of purchase
What are the cost and expenses related to purchase of a property in Ontario.
Most of the purchasers get surprised after receipt of the accounts from the Lawyer as they are unaware about the cost of the closing. Typically, Land Transfer Tax (which include provincial and Municipal Land Transfer tax, in applicable cases), Registration Fees, Tittle Insurance, Legal Fees and disbursements.
What are Disbursements costs in the property purchase transaction?
Disburses normally includes, Tittle Search Fee, Execution Search fee, Bank wire t transfer Cheque certification, photocopies, faxes, postage, Courier, travelling expense, s software transaction charge, law society transaction levy, file management fee and etc.
Spousal consent is required for purchase or sale of property?
If the property to be sold is occupied by your and your spouse as matrimonial home or designated as matrimonial home, consent will be required. However, the relation ship should be legally married. If you are in a common law relationship, the person authorized to sell the property is the person who is on title to this property and consent from the common law spouse is not required. However, there may be a claim of unjust enrichment from your common law partner. For more details, you must consult Litigation Division of SLPC.
Do I need Title Insurance for purchase of property and what is Title Insurance?
Title insurance is an insurance policy that protects owners of residential or commercial property and their financers against defect/losses related to the property’s title or ownership. However, Title insurance is not a must requirement in Ontario. However, you must discuss with SLPC to fully understand what type of protection title insurance can provide you, and to determine if other options exist. However, SLPC suggests taking title insurance considering its protection and in comparison, the value you are getting to have the policy.
What is Non-Resident Speculation tax and for whom does that apply.
The Non Resident Speculation Tax (NRST) is a 15 per cent tax on the purchase or acquisition of an interest in residential property located in the Greater Golden Horseshoe Region (GGH) by individuals who are not citizens or permanent residents of Canada or by foreign corporations (foreign entities) and taxable trustees.
Am I entitled for Upfront HST Rebate in new Home Purchase
You are allowed for the GST/HST new housing rebate to recover some of the GST or the federal part of the HST paid for a new or substantially renovated house that is for use as your or your relation’s, primary place of residence, when all of the other conditions are met.
Should I do Home Inspection before buy house or condo.
This is always suggested to must conduct a a Home Inspection to avoid any future prejudice of the state of the property. Spending few hundred dollars may save your hundred of thousands of dollars and stress.
If I fail to conclude a transaction due to my fault, can I get my security deposit back.
The case law suggests that vendor is technically entitles for the security money. On the top of that the seller may sue the defaulting party for all the damages suffered.
Do I need a real estate agent for my buy and sale transaction.
There are no mandatory rules to retain a real estate agent for your purchase and sale transaction. However, this is suggested to get a experienced professional real estate agent to protect your interest. Specially when you buy, you don’t have to pay any commission to real estate agent and thereby you just take this opportunity. Otherwise, fi you do not want to retain a real estate agent, you must consult SLPC who is your lawyer to draft the agreement to review the agreement in private sale to protect your interest.
What is the principle of Caveat Emptor in real estate transaction.
Caveat emptor is a Latin term meaning “let the buyer beware.” Or “sold as is,”. This term means that buyer assumes the risk that this buy may fail to meet expectations or have defects. In other words, the principle of caveat emptor serves as a warning that buyers have no recourse with the seller if the product does not meet their expectations.
Can I sell my property as a Non-Resident Canadian?
Yes, there is no legal bar to sell the property being a non-resident Canadian. However, in that case you have to arrange a certificate of clearance under section 116 of the Income Tax Act. In absence of the certificate, You lawyer is bound to hold 25% to 50% of the gross sale proceeds, notwithstanding the existing mortgages and encumbrances are paid off or not.
What are the tasks I must perform after I buy my home
You must immediately contact SLPC and send the Agreement of Purchase and sale. We will contact you and guide through the process to close smoothly. However, your prompt task after entering into the contract is to arrange the financing if your property is not a cash purchase and secondly to arrange a Home Insurance as per the instruction of SLPC and third, must make the arrangement of availability of the down payment as and when directed by SLPC.
Is Home Insurance is mandatory.
If you buy property and you have finance on the property, this is must notwithstanding that detached, semi detached, townhome or condo unit. There is a myth that you do not need condo insurance if you by condo, which is not correct. You musty need that and SLPC with advise you.

Client Information Form

Please select your intention regarding the property:

  • Date Format: MM slash DD slash YYYY
  • Date Format: MM slash DD slash YYYY
  • Date Format: DD slash MM slash YYYY
  • Date Format: DD slash MM slash YYYY
  • Date Format: DD slash MM slash YYYY
  • Date Format: DD slash MM slash YYYY

Cost table

Sl. No. Heads of expenditures Amount Remarks
1. Land Transfer Tax + MLTT admin fee for Metropolitan Toronto

(Provincial + Municipal for Toronto) payable to Ministry of Finance

 Variable (to calculated on the purchase price) First Time Homebuyer receives a rebate up to $8,475.00 for Toronto property and up to $4,000.00 out of Toronto property.
2. Title Insurance Premium payable to Title Insurance Company Variable. (to calculated by the insurance company on the purchase price) Example: For a home of a price of $600,000.00, the cost may be approx. $450.00
3. Registration fees payable to Land Registration office $77.62 per Deeds Typically, in a real estate purchase, 2 deeds are registered (Transfer + Mortgage).
4. Professional Fees to act on real estate purchase transaction payable to Singha Law Professional Corporation $799.00 (Fixed) Fixed
5. Professional Fees to act for the Bank/lender to prepare Mortgage (if there is any arranged mortgage) $199.00 to $449.00 depending on the lender/financer (Fixed) This fee is for preparation of a mortgage only. If Bank/Lender requires other security documents to prepare and register, such as assignment of rents, PPSA etc., additional cost will be charged
6. Title Search of the property payable to Land Registry Office At actual (in a typical deal it may cost somewhere from $65 to $150.00 approximately)
7. Search of execution certificate of the seller(s) and the buyer(s) Land Registry Office 11.65 per person to be searched  
8. Disbursements: Bank wire transfer Cheque certification, photocopies, faxes, postage, Courier, travelling expense, software transaction charge, law society transaction levy, file management fee and etc. At actual (May cost $450.00 Approximately)
9 Status Certificate Review in Condo Purchase 99.00 (Fixed)

 

 In case of Condominium
10. Tax certificate or work order search certificate or other search certificate At actual

 

 If required
11 Signing of documents by 3rd party agent, if needed 249.00  
12 Review of Agreement $339.00 In purchase of New Build or pre approval needed

 

  • HST to be payable to CRA on the service and expenses as mentioned in column 4 to 8. The exact amount will be provided when we receive the mortgage and the accounts from the Seller’s lawyer of the property.
  • The above fee structure is applicable for a simple straightforward transaction. If additional works to perform based on the agreement and instruction of the lender, additional fee may apply.

Sl. No.

Heads of expenditures

Amount

Remarks

1.

Professional Fees to act on real estate Sale transaction

$799.00

Fixed (which includes payout of 1 mortgage). If we have to payout more than one mortgage/lien/writs/security interest, @149.00 will be added

2.

Professional fee for payment of the mortgage towards obtaining discharge

$149.00

 

3.

Professional Fee for additional Debt Payment, if registered on title

 

$99.00 each

 

2.

Title Search of the property (if needed)

At actual

(May cost somewhere from $50.00 to $100.00)

3.

Disbursements: Bank wire transfer Cheque certification, photocopies, faxes, postage, Courier, travelling expense,  software transaction charge, law society transaction levy, file management fee and etc.

At actual

(May cost $250.00 Approximately)

 

  • The above fee structure is applicable for a simple straightforward transaction. If additional works to perform based on the agreement, additional fee may apply.
  • HST to be payable to CRA on the service and expenses as mentioned above.