The 3 Best Real Estate Lawyers in Toronto [2023]

Real estate legal fees vary based on the complexity of the transaction and the lawyer’s experience level. However, on average, you can expect to pay between $500 to $1500 for real estate legal services in Ontario. These fees do not include disbursements, land transfer tax, or other administrative charges. We recommend contacting the lawyer for an accurate estimate.

Yes, a lawyer is essential when selling a house in Ontario. A real estate lawyer is responsible for preparing the deed of the home, conducting a title search, and ensuring that all legal documentation is completed properly. They also handle the exchange of funds in the sale and provide legal advice throughout the process.

Typically, if the property being sold was your principal residence, you’re not required to pay tax on the capital gain. However, if the property was not your principal residence for every year you owned it, you might have to pay tax. It’s always best to consult with a tax advisor or lawyer to ensure you understand the tax implications associated with selling your property.

Yes, a homeowner can sell their property in Ontario without a realtor. This is known as a “for sale by owner” or FSBO. However, taking this route requires substantial time, legwork, knowledge of the market, and understanding of real estate laws and regulations. A real estate lawyer can often provide crucial assistance in transactions carried out without a realtor.