Real Estate Law

Haber and Associates can provide legal advice on wide variety of real estate matters, including:

The purchase and sale of residential properties

The purchase and sale of condominiums

Refinancing

Mortgages

mortgage remedy work, including power of sale, foreclosure and receivership
the purchase and sale of a business properties
reviewing and negotiating agreements of purchase and sale of a business property
acting for sellers and buyers on the purchase of a resale business property
acting for sellers or buyers on the purchase of a new business property

Other real estate services

negotiation and registration of other real estate-related agreements, joint venture agreements, cost sharing agreements, management agreements and development agreements
registration of mixed use projects involving combined residential and retail condominiums
commercial lease arrangements, including preparation, review, and negotiation of offers to lease, lease documents, renewals and amendments

HABER & ASSOCIATES RATES FOR TYPICAL RESIDENTIAL REAL ESTATE TRANSACTIONS

Standard Fees:

Resale Home Purchase (includes one mortgage): $749
New Home Purchase (includes one mortgage): $699
Sale (includes discharge of one mortgage): $549
Refiancing (includes one mortgage payout): $449
Condominium occupancy closing - $350
Third party closing disbursements such as government registration and search fees, system access fees, title insurance and land transfer tax are not included. HST is not included.

Expected Disbursements:

Title Insurance (paid by purchaser)
Resale home purchase (includes one mortgage): below $200,000.00 - $235.00 approx.; $200,000.00 - $500,000.00 - $284.00
New Home Purchase (includes one mortgage): below $200,000.00 - $185.00 approx.; $200,000.00 - $500,000.00 - $234.00
Land Transfer Tax (Charged by Ontario Government, Toronto properties are double the taxation)

The following is based on a increasing scale:

0.5% on the first $55,000.00
1.0% on $55,000.00 - $250,000.00
1.5% on $250,000.00 - $400,000.00
2.0% on amount over $400,000.00
Under the present legislation first time home buyers may be exempt from Land Transfer Tax up to a maximum of $2,000.00. Some exceptions apply.

Title Search and Out of Pocket Expenses

If the property is title insured, search and registration costs payable to the Ontario Government for use of the registry system, are approximately $225.00 - $275.00 (paid by purchaser). HST is not included.
If the property is not title insured this cost could exceed $500.00
Condominium purchases may need to add another $100.00 for condominium certificate
On a sale, registration fees payable to the Ontario Government, HST and other usual closing costs usually amount to less than $150 - $200

Fee Structure for Additional or Variation of Standard Fees

Due to the nature of real estate transactions, certain transactions are subject to additional fees. If applicable, the following may be added to your bill for services.
Receipt of mortgage instructions within 2 business days of closing - $250.00
Change to mortgage documents after preparation - $100.00
Preparation of additional mortgages i.e. 2nd, 3rd etc.. - $250.00 each
Application Name Change - $250.00
Preparation of Agreement of Purchase and Sale - $250.00 – 500.00
General Application to amend PIN - $50.00
Survivorship Application - $250.00
Preparation of Bridge Loan - $100.00
Missed, separate, evening or weekend appointments - $50.00
Payouts (more than 1 mortgage) - $25.00 each
Direct deposit to client - $30
Certify Cheque to client - $50
Preparation of private discharge of mortgage - $250.00
Assignment of Rents - $125.00
Application of Power of Attorney - $125.00
Transfer of Title - $350.00
Construction mortgage advances - $250 per advance
Family/Holding money in trust - $250.00 - $500.00

PRICES SUBJECT TO CHANGE AT ANY TIME WITHOUT NOTICE AND APPLICABLE TAXES