De Rubeis, Chetcuti LLP Lawyers

Fixed Closing Costs

Fixed Closing Costs

 
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De Rubeis, Chetcuti offers fixed closing costs

Fixed closing costs allow you to budget properly and with confidence that there will not be additional fees and charges in addition to the price quoted. If you are shopping around for a real estate lawyer, you should ask what your final, total cost will be after all fees, taxes and disbursements are taken into account, and what exactly is included for that price.


Purchases

We are pleased to offer the following fixed* closing costs for single family urban residential properties with a purchase price of $500,000 or less and with one mortgage:

$1,995.00 + HST Inclusive of ALL disbursements (including but not limited to: utilities and title searches, title insurance, mortgage preparation and mortgage and deed registrations).

NOTE: Land Transfer Tax is an additional expense and payable at the time of closing. It is based on the purchase price and possible rebate for first time buyers.

* Additional mortgages (or secured properties, or bridge loans) add $300.00 each

* No mortgage - subtract $300.00

* new home purchase - add $300 - includes review of agreement of purchase and sale, additional documents to be reviewed and signed

* Condominiums:

  • status certificate review included ($300 if purchase is not completed)

  • interim closings – add $400.00

* Tenanted, Commercial/Industrial, Rural/Cottage Properties are quoted on a case by case basis


Sales

We are pleased to offer the following fixed* closing costs for single family urban residential properties with a sale price of $500,000 or less and with one mortgage to be paid off or discharged:

All Inclusive Price: $1,095.00 + HST
Inclusive of all disbursements.

The above fixed costs are for transactions involving an average amount of time and complexity. Tenanted, Commercial/Industrial, Rural/Cottage Properties are quoted on a case by case basis as additional time, documents and disbursements are usually required.

These rates are effective as of April 1st, 2019 and are subject to change without notice.