Real Estate Lawyer Toronto

Real Estate Lawyer Toronto

Partnering With A Real Estate Lawyer

How Much Will It Cost?

Real estate lawyer fees vary from law firm to law firm and property to property. It depends on the type of transaction involved and its complexity. When you’re looking to refinance, buy or sell property anywhere in Toronto or beyond, it’s important to work with lawyers who specialize in real estate transactions. This is because you’re always assured that they can identify issues and resolve them fast.

In most cases, you will pay a base fee whose amount will depend on the type of home you’re buying or selling, and then you’ll also be charged for disbursements. We’ll break down the different types of fees you’re likely to pay a real estate lawyer in Toronto below.

Real Estate Lawyers in Toronto

Here at Costa Law, our Real Estate Group is recognized and well respected in the communities in which we practice. Although real estate is a much more complex area of law then it was a decade ago, our attorneys have the experience and skills necessary to handle the most complex issues.

We have successfully guided our clients through title searches, surveys, zoning requirements, the purchase and sale of residential property, the purchase and sale of commercial property, and more. Our real estate lawyers work hard to understand our clients’ goals so that we can tailor our services and our approach to their needs, in order to achieve a positive legal result. We take pride in our work and deliver efficient and creative solutions to the most complex problems. So if you are looking for a real estate lawyer near me – our convenient location in Bloordale Village and next to Korea Town in Toronto, is here to serve you better.

Real Estate Lawyer Cost In Toronto

Getting your home deal closed is no simple task. There are people working tirelessly to ensure that you get the home of your dreams. Unsurprisingly, none of them work for free, which is where closing costs come in. Buyers and sellers often must pay certain costs, some of which can be negotiated. Because you need to work with a real estate lawyer, you must be prepared to pay some legal fees and what is commonly referred to as disbursements. The total closing costs can be anywhere between 3 and 5 percent of the price of your home. Both buyers and sellers pay these fees, even though sellers pay typically lower closing fees than buyers. It’s important to understand these costs beforehand when involved in any real estate transactions.

Partnering With A Real Estate Lawyer

How Much Will It Cost?

Real estate lawyer fees vary from law firm to law firm and property to property. It depends on the type of transaction involved and its complexity. When you’re looking to refinance, buy or sell property anywhere in Toronto or beyond, it’s important to work with lawyers who specialize in real estate transactions. This is because you’re always assured that they can identify issues and resolve them fast.

In most cases, you will pay a base fee whose amount will depend on the type of home you’re buying or selling, and then you’ll also be charged for disbursements. We’ll break down the different types of fees you’re likely to pay a real estate lawyer in Toronto below.

Real Estate Lawyer Cost In Toronto

Getting your home deal closed is no simple task. There are people working tirelessly to ensure that you get the home of your dreams. Unsurprisingly, none of them work for free, which is where closing costs come in. Buyers and sellers often must pay certain costs, some of which can be negotiated. Because you need to work with a real estate lawyer, you must be prepared to pay some legal fees and what is commonly referred to as disbursements. The total closing costs can be anywhere between 3 and 5 percent of the price of your home. Both buyers and sellers pay these fees, even though sellers pay typically lower closing fees than buyers. It’s important to understand these costs beforehand when involved in any real estate transactions.

Your Real Estate Lawyer in Toronto

Mortgage Refinance

Most first-time property owners often find the entire experience a little bit daunting. The end of their first mortgage term is stressful due to changing rates and possible penalties or seeking a new lender. In such situations, refinancing a mortgage can be a challenging task, especially for property owners who lack in-depth understanding and guidance.

If you plan to refinance your mortgage, it’s time to ditch the DIY skills you have been learning on the internet. Hire one of our mortgage refinancing lawyers to ensure the process is seamless and successful. These lawyers have a wealth of knowledge regarding real estate laws and other details associated with mortgages. They can help you navigate the challenging decisions, handle all the necessary paperwork for you, and work tirelessly to steer your plan to full implementation. Some of the issues our mortgage refinancing lawyers can handle include commercial mortgage financing or refinancing, residential mortgage financing or refinancing, private lenders, non-mortgage refinancing, and more.

Property Title Transfers

The title transfer process involves the change of property ownership between a buyer and a seller. It happens at the end of the home purchase agreement and after an in-depth consideration of the overall value that has been exchanged. A title transfer may be necessary if you want to refinance your home or there is a transfer between friends, business partners, and family. Other family issues such as separation or divorce could also necessitate a title transfer.

No matter type of title you want to be handled, our property title transfer lawyers in Toronto work tirelessly to get the transfer handled professionally and in time. The lawyers can get all relevant documents prepared and signed within the shortest time possible. While paperwork preparation and signing might take just a few days, in North York, the entire process of registration and land transfer might take about a week.

Wills & Estates

A professionally-drafted will can prevent future uncertainties regarding the administration of your financial assets, properties, taxes, and other relevant assets and expenses. Unless you have an accurate will, the law of intestacy will definitely kick in to determine how your properties and other assets are handled and shared in case you are incapacitated or dead. That means you will lose control over the entire assets sharing process. However, things don’t have to be this way, you can trust our wills & estate lawyers in North York and Toronto for strategic planning and other solutions needed to manage and keep your home and other assets safe.

Our experienced lawyers can handle estate planning, the appointment of a guardian especially for incapable individuals, trusts, estate trustee applications with or even without wills, dependents relief applications, and more. No matter how complex your situation is, allow the experts to handle it for you.  

HST Rebates Lawyer

If you got a condo or home recently, it’s time to get your HST (Harmonized Sales Tax) rebate. If you contracted a builder in Toronto or North York to construct your property, you’re entitled to an HST rebate for the new building. The HST rebate is also given to a property (new) buyer or a family member. It is intended to lower the property purchase price by the specific rebate amount and might make the buyer eligible for a mortgage large enough to finance the home fully. The property builder or condo developer can easily advertise the building at a lower price.

Our reliable team of highly skilled and experienced lawyers can help you acquire a rebate you’re eligible for. We offer free but comprehensive consultation to understand your situation. Upon your consent, our lawyers will gather the necessary details and do what they are good at – get you a refund of the exact amount you’re entitled to.

Private Mortgages Lawyer

A private mortgage is ideal where the credit provider is a private company rather than a bank, credit union, or any other mainstream lending institution. These credit services are usually sought by borrowers who cannot secure a mortgage at mainstream financial institutions such as banks due to the strict credit requirements set by these institutions. For instance, if you are a first-time property buyer, an experienced property owner seeking an alternative to mainstream lending or a self-employed and cannot provide proof of a reliable income, you might find private mortgages an ideal option.

Note that you need an experienced private mortgage lawyer who can help you decipher the fine print in a private mortgage commitment or contract. Our lawyers in Toronto offer you a chance to protect yourself and make choices based on the right information. You can’t afford to make a mistake when handling a mortgage.

Company Incorporation

Probably you have discovered that the incorporation process involving partnerships and sole proprietorships is incredibly complex. There may be numerous tax and legal issues that impact your daily operations. Business management structures, joint ventures, and liability top the list of the sensitive aspects of your business that you must get right. With many years of experience in various areas of commercial law, our lawyers have advised businesses of all levels and helped them handle the incorporation process successfully.

Our company, incorporation lawyers in Toronto are your trusted legal and business advisors during the preparation for your business incorporation. These professionals understand the different forms of business and can help you comply with the commercial laws while meeting your business needs in each phase of the incorporation process. Our experience, coupled with the in-depth understanding of both legal and business aspects of the incorporation process, guarantee our clients in North York exceptional results.

Commercial Lease Review Lawyer

Often, commercial leases are two-way contracts governed by the OCTA (Ontario Commercial Tenancies Act). With the help of our lawyers, you can understand the fine print associated with leases before you sign the contract. These lawyers are experts in tenant and landlord issues in relation to commercial law and leasing. Thus, they can help you comprehend both sides of the commercial lease agreement or dispute issue.

Our firm provides commercial lease review services for all landlords of retail, commercial, industrial, and even mixed-use buildings who intend to prepare commercial leasing contracts. You can count on us for expert guidance on leasing issues including fixtures, common area expenses, damages, rent default, property insurance, and different approaches to resolving conflicts with your tenants in case they arise. Our lawyers can also help draft the specific terms of a lease without compromising your interests.

Joint Venture Agreement Lawyer Toronto

Whenever disputes and other issues arise in a joint venture, the skill and professional thought put into the initial joint venture agreement can make a significant difference when it comes to finding a timely and equitable solution. An acceptable joint venture agreement that accurately identifies each partner’s responsibilities and roles can protect your rights and also account for a myriad of aspects that might go wrong in a joint project.

Our skilled lawyers work with our customers to fully understand, negotiate, accurately draft, and carefully execute the created joint venture agreement. These professionals are highly experienced when it comes to creating joint venture agreements that are straightforward and comply with the relevant law. They make sure that the agreements account for all foreseeable contingencies while helping the partners involved avoid costly and unnecessary disputes. Working with one of our lawyers guarantees a successful and harmonious working in your joint venture.

Got A Case? Need Legal Help?

Legal Fees

In real estate transactions, lawyers are paid professional fees for drafting documents such as title deeds and preparing contracts like the mortgage agreement, and also conducting property searches. These legal fees usually vary depending on the property, and they do not include any taxes.

For a residential purchase transaction, the legal fees can start from $1,050. Sale transactions usually attract a lower legal fee starting from $600. If you are refinancing a property, expect to pay legal fees starting from $750. Other transactions such as transferring a title deed or a new home interim occupancy closing can start from $300.

Disbursements

Other than the legal fees, the real estate lawyer may also charge disbursements, which is basically the out of pocket expenses that are incurred by the law firm. They include things like registration fees conducting searches, or HST.

At Costa Law Firm, we are very transparent when it comes to our legal fees and disbursements. We never charge clients any hidden fees or unexpected costs. It’s important for us to retain our client’s trust, which is why we always give clients the expected costs before beginning any transaction. We even offer a free quote to clients which includes the legal fees we’ll charge and a proper estimate of the disbursements. We know how fast real estate transaction expenses can add up, and that’s why it’s important for us to remain reasonable when charging our clients these fees. If you need legal help when buying, selling, refinancing or any other real estate transactions, be sure to call us.

Real Estate Law

Real estate law is a branch of civil law that covers the right to possess, use, and enjoy property. This area of law also covers an owner’s interest in property, the transfer of interest in property, the financing of real property, deeds, mortgages, and leases. Real estate transactions – purchases, sales or leases – are the subject of both federal and provincial laws. The Agreement of Purchase and Sale with respect to real estate is a contract, and as such, it must be made in writing in order to comply with the Statute of Frauds. This agreement brings with it all the obligations, responsibilities, and procedures of contract law, and spells out the rights and obligations of each party to the transaction. With the recent introduction of a paperless, electronic land registration system, Costa Law can assist you with your property transactions, regardless of how complex they are.

Legal Fees

In real estate transactions, lawyers are paid professional fees for drafting documents such as title deeds and preparing contracts like the mortgage agreement, and also conducting property searches. These legal fees usually vary depending on the property, and they do not include any taxes.

For a residential purchase transaction, the legal fees can start from $1,050. Sale transactions usually attract a lower legal fee starting from $600. If you are refinancing a property, expect to pay legal fees starting from $750. Other transactions such as transferring a title deed or a new home interim occupancy closing can start from $300.

Disbursements

Other than the legal fees, the real estate lawyer may also charge disbursements, which is basically the out of pocket expenses that are incurred by the law firm. They include things like registration fees conducting searches, or HST.

Real Estate Law

Real estate law is a branch of civil law that covers the right to possess, use, and enjoy property. This area of law also covers an owner’s interest in property, the transfer of interest in property, the financing of real property, deeds, mortgages, and leases. Real estate transactions – purchases, sales or leases – are the subject of both federal and provincial laws. The Agreement of Purchase and Sale with respect to real estate is a contract, and as such, it must be made in writing in order to comply with the Statute of Frauds. This agreement brings with it all the obligations, responsibilities, and procedures of contract law, and spells out the rights and obligations of each party to the transaction. With the recent introduction of a paperless, electronic land registration system, Costa Law can assist you with your property transactions, regardless of how complex they are.

Real Estate Lawyer Toronto

At Costa Law Firm, we are very transparent when it comes to our legal fees and disbursements. We never charge clients any hidden fees or unexpected costs. It’s important for us to retain our client’s trust, which is why we always give clients the expected costs before beginning any transaction. We even offer a free quote to clients which includes the legal fees we’ll charge and a proper estimate of the disbursements. We know how fast real estate transaction expenses can add up, and that’s why it’s important for us to remain reasonable when charging our clients these fees. If you need legal help when buying, selling, refinancing or any other real estate transactions, be sure to call us.

Real Estate Law

Acting For Purchasers

Here at Costa Law, our attorneys want to help you find the perfect home or property for you, and ensure that you make informed decisions throughout your purchase. This is why we start by thoroughly examining your needs, wishes, and budget, and then guide you every step of the way. We can also help eligible first-time home buyers save money by obtaining a full or partial refund of the Land Transfer Tax (LTT), and the Municipal Land and Transfer Tax (MLTT). Our real estate lawyers will give you advice that is tailored to your individual needs, and help answer any questions you may have.

Acting For Vendors (Sellers)

Selling your house or property involves many steps. Regardless of whether you are a first-time vendor or not, you are likely to have numerous questions about the current market value, need for an appraisal, paperwork involved in completing the sale, inspections, closing date of the transaction, and more. Our team of real estate lawyers will help you sell your home and answer any questions you may have.

Residential & Commercial Properties

Buying or selling a residential or commercial property is a very significant investment, which is why it is important that the transaction is completed properly, through courteous, reliable, and professional representation. Real estate transactions may become especially complex when they involve detailed commercial leases. At Costa Law we handle both residential and commercial transactions, regardless of how big or complex they may be.

Condominiums

The purchase and sale of a condominium units is of provincial jurisdiction and requires a detailed consideration of the Condominium Act. This Act consists of many provisions and regulations which govern the purchase, sale, formation, and maintenance of condominiums. The Act outlines the rights and obligations of the purchasers, sellers, managers, and boards. The Act is extremely complicated and involves many provisions. That is why we encourage condominium owners to seek legal guidance if they have any questions about the purchase and sale of condominiums.

Save Money, Time, Energy, & Avoid Litigation

Real Estate Law involves a wide variety of legal issues, and can be quite complex. In order to avoid unwanted litigation expenses, we recommend that you consult with our legal team at an early stage in your transaction. Not only will this save you time and money in the long-term, but it will ensure that your real estate transaction runs smoothly.

Real Estate Lawyer Toronto
Real Estate Lawyer Toronto

Title Searching, Surveys, Zoning & Other Requirements

Real estate contracts often require the title of the property that is being sold to be marketable. This means that the seller must have proof of title to the property he or she is selling. As an alternative, purchasers now have the option of obtaining title insurance as an alternative to a new survey of the property. Title insurance can have a lot of benefits. It can eliminate the need to obtain municipal tax, zoning, and building certificates, as well as protect against property owners against any claims arising from title defects. A title insurance policy gives the buyer a peace of mind and protects your title to your new property against any survey title defects, fraud, forgery, liens and other problems.

Once an Agreement of Purchase and Sale is accepted, our real estate attorneys will work diligently to complete the transaction, and ensure that your interests are protected by:

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Conducting a title search in order to determine the chain of title and check the ownership of adjoining lands

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Conducting a review of the land survey in order to determine whether a new survey is required

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Conducting a property insurance check

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Reviewing the relevant sections of the Municipal Zoning By-laws to ensure that the property and its use complies with local requirements

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Reviewing the relevant sections of the Municipal Zoning By-laws to ensure that the property and its use complies with local requirements

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Conducting a corporate search to confirm that the vendor corporation was a valid and subsisting corporation during the time in which it held title to the property

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Determining if a purchaser is buying a condominium unit or ordering an estoppel certificate

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Reviewing any executions against parties

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Ordering a tax certificate

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Checking any outstanding utility accounts

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Conducting an inquiry as to the compliance with registered and unregistered restrictions

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Requesting an occupancy permit, and obtaining evidence of HUDAC enrollment and warranty (If the purchaser is a new home buyer)

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Conducting an examination of the validity of rents and the compliance with the appropriate legislation (if purchaser is acquiring rental property)

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Maintaining open communication with the client to address any and all other issues which may arise

Testimonials

What our clients are saying.

If I could give David Costa more than 5 stars I would. The moment that I called him in 2015, I knew right away that he was the right person to represent my son. He gave my son a list of things to do to help his case. David replied to every email that I sent to him and answered all my questions no matter how many times I asked the same questions. He even talked to my son when he thought my son was not doing enough to get the best possible outcome. We are pleased with the outcome of the case. Excellent lawyer! Highly recommended! Definitely Toronto’s Top Lawyer!
Rusty Moore
Rusty Moore
15:55 16 Jan 19
David Costa was my brother’s defense lawyer on a first degree murder charge. I called the lawyer the moment my brother was arrested. There was absolutely no physical evidence against my brother. There were alibi witnesses and coroner evidence that he could not have killed the victim. And Mr. Costa did everything we asked him to do as our lawyer. He called the alibi witnesses, he made sure all evidences are preserved, he hired a PI and did an investigation of his own. He did everything he could to save my brother from jail. Our whole family is grateful to David Costa for his knowledge, experience, support and strong motivation. David is a very good man.
Jeffrey Wen
Jeffrey Wen
02:34 27 Nov 18
The charges I had were dismissed, however along the way I spoke to a couple lawyers. I stuck with David because I could tell he had a level of knowledge others didn’t. He also was always very quick to get back to me. If I ever need a lawyer in the future it will be David for sure and I also recommend him to anyone needing legal assistance.
James Obryant
James Obryant
17:02 15 Jan 19
The best adoption lawyer in Toronto! David Costa walked us through everything, and was with us every second on the big day! We did not have many face to face meetings, as he communicates very well via email. This is definitely a lawyer who takes his time to do it correctly. We honestly can’t thank him enough!
Ruth Bowen
Ruth Bowen
02:34 13 Jan 19
Mr. Costa is a great lawyer. He is a professional who always answered my calls/emails promptly and kept me informed on the latest information regarding my case. I am happy with the outcome and I recommend him to anyone who needs a defense lawyer.
Frank Elliott
Frank Elliott
06:28 13 Jan 19
From my experience, as a client and referring clients to Costa Law Firm keeps satisfying me and referred family, friends, and business contacts. They are easy to reach, easy to talk to, and make what can be a complex legal system very manageable .
Benji Teixeira
Benji Teixeira
17:41 09 Apr 19
Excellent lawyer with great work ethics, professionalism, knowledge and understanding. I hired him to represent me for traffic violation. He explained me everything about the case and expected outcomes. He studied my case in detail and in the end got the case dismissed. Highly recommended.
Willie Sweeney
Willie Sweeney
16:47 05 Jan 19
My family and I are grateful for the positive experience we had with Costa Law firm. Kowlasar Misir, our Lawyer was extremely honest, thorough and trusting through out the entire process of our family case. We had the pleasure of meeting with Kowlasar for a second time recently and again the help and understanding surpassed my expectations.
Tania E
Tania E
15:14 28 Aug 19
Mr. Costa was a great help with my custody case. He walked me through the process step-by-step and gave me some useful tips. I am relieved now that I got a full custody of my daughter. Back than I was quite shaken by the circumstances and his confidence really was just what I needed.
Jeanne Axy
Jeanne Axy
03:25 15 Sep 19
Back in 2017, my nephew was accused of a fraud over $5000, he was only 19 and my family felt horrible for him. Costa Law did everything to defend him and was able to help him. We are very grateful to David and his team and strongly recommend them.
Katie Quirk
Katie Quirk
12:12 17 Sep 19
David was handling my DUI case and I could not be more grateful. I gave him a call right after I got arrested, he calmed me down and gave me an action plan. I don’t know how things would turn out if I would go with another lawyer. This guy is worth every penny spent on his services.
Clyde Wiley
Clyde Wiley
09:05 19 Sep 19
Costa Law was incredible experience from day one. Very intelligent, compassionate and accessible team, I felt like they actually cared about my case.  I strongly recommend them for criminal defence cases (speaking from personal experience).
Mary Schmitt
Mary Schmitt
04:30 26 Sep 19
Back in 2009 I was a troublesome young man and managed to get a criminal record. Time have passed and I changed, but my record remained as a reminder of my past, reminder that made my life more difficult than needed.  I was referred to David Costa by one of my friends who also had a similar experience. He helped me to get a pardon and today my record is clean. I feel like that weight is finally off my shoulders.
William Palmisano
William Palmisano
03:11 27 Sep 19
Thanks to these guys I was able to close the deal on my dream house! I can’t stop braging about Costa Law, they are an amazing team and deserve all the credit.
Freddy Bishop
Freddy Bishop
02:46 09 Oct 19
My son was arrested for possession of Schedule 1 drug back in January. I was completely mortified. David did an amazing job minimizing penalties, he was there for our family throughout the whole process. I strongly recommend Costa Law to anyone who needs help to deal with criminal charges.
Nicolas Lane
Nicolas Lane
07:50 12 Oct 19
David is so on point! He worked on my criminal defence case, great guy and great outcome. Would give him 10 stars if I could.
Gillian Smith
Gillian Smith
08:50 29 Oct 19
David worked on my sister in law sponsorship application. She is from Bulgaria and the immigration process from that country to Canada is pretty complex. My brother told us David was always reachable, answered every question they had and most importantly, my sister in law is now in Canada with us!
Karen Gallo
Karen Gallo
08:42 08 Nov 19
Real Estate Lawyer Toronto

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