Closing Costs Calculator

Understand all of the costs associated with closing a residential real estate transaction in Ontario, including land transfer tax.

*Quoted prices are for legal fees, disbursements and taxes associated therewith only. Quotes and prices stated herein are estimates only and are subject to change. Quotes and prices do not include real estate, brokerage, or credit arrangement fees or commissions, or any other fees not explicitly stated herein. All quotes are for residential resale transactions. Quotes do not include preparation and registration of additional documents, such as a Power of Attorney or a Declaration of Trust. Fee quotes are for transactional legal services only and do not include litigation services. Fees do not include unintended transactional services, such as closing date extensions. Mortgage Legal Fee is quoted upon the assumption that the purchaser or refinancer is obtaining a mortgage through an Institutional Lender. The Mortgage Legal Fee for a Non-institutional lender is $495.00. “Institutional lender” means the Royal Bank of Canada, the Canadian Imperial Bank of Commerce, the Bank of Nova Scotia, the Toronto-Dominion Bank, or the Bank of Montreal. “Non-institutional lender” means any lender that is not an Institutional Lender. An additional $500.00 fee is applicable to pre-construction closings due to a prolonged solicitor-client engagement and the staged nature of the occupancy and final closing. Upon retaining Lemke Law Professional Corporation an Engagement Letter will be entered between the client and Lemke Law Professional Corporation that will govern the solicitor-client relationship, which shall include fees, disbursements and taxes payable. So far as there is any inconsistency between the prices quoted herein and the said Engagement Letter, the terms of the Engagement Letter will prevail and be applicable.

We have made it easy for you

Expertise

From every day residential transactions to complex real estate related litigation, we’re here to help. Combined, the lawyers and special counsel at Lemke Law have more than 80 years of legal experience.

Customer Service

Don’t get lost in the shuffle of an over-sized firm. Lemke Law is a downtown firm that listens to clients and takes pride in their accomplishments.

Office Hours

We’re available to meet with clients after business hours and on weekends. Our clients always have direct access to the lawyer with carriage of their file.

Location

Lemke Law is located in the heart of Toronto’s financial district – only a few minutes away from King subway station.

Land Transfer Tax Rates

Provincial Land Transfer Tax

PURCHASE PRICE OF HOME

MARGINAL TAX RATE

$0 – $55,000​ 0.5%
$55,001 – $250,000 1.0%
250,001 – $400,000 1.5%
$400,001 – $2,000,000 2.0%
2,000,000+ 2.5%

Municipal Land Transfer Tax

PURCHASE PRICE OF HOME

MARGINAL TAX RATE

$0 – $55,000 0.5%
$55,001 – $250,000 1.0%
250,001 – $400,000 1.5%
$400,001 – $2,000,000 2.0%
2,000,000+ 2.5%

Real Estate Law Blog

    Real Estate Legal Services

    We strive to ensure that transactions are smooth, simple, and understandable from our clients’ perspectives. It’s important to us that a relationship is developed where you, the client, feel comfortable enough to approach us with questions about your file and that your comments are heard. Services are cost-effective, but attention to detail is not compromised.

    • Residential transactions
    • Mortgage re-financing
    • Commercial transactions
    • Commercial lease drafting
    • Commercial lease and transaction diligence
    • Commercial financing and mortgage securitization
    • Litigation
    • Negotiation of agreements
    • Title examinations
    • Tax planning and organization

    About Lemke Law

    Our clients depend on us to assist them with a wide array of issues, from everyday residential closings to complex mortgage securitizations, to litigating real estate related matters. We take pride in your accomplishments and are here to help.

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    (647)-951-8661

    info@lemkelaw.com

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