Buying a home in Toronto involves a closing cost that buyers outside the city do not face: the Toronto Municipal Land Transfer Tax. A Toronto purchaser will generally pay both Ontario Land Transfer Tax and Toronto Municipal Land Transfer Tax when the purchase closes. For many buyers, these two taxes are among the largest expenses after the down payment. They … Read More
Why You Should Have a Real Estate Lawyer Review Your Offer Before Signing
For many buyers and sellers, signing an Agreement of Purchase and Sale (APS) is the most significant legal commitment they will ever make. Unfortunately, many people only contact a lawyer after the agreement has already been signed. By that point, your lawyer is generally responsible for completing the transaction—not renegotiating unfavourable terms. Having a Toronto real estate lawyer review your … Read More