Real Estate

Real Estate Lawyer Costs

  • Last Updated:
  • Jun 1st, 2017 5:15 pm
Tags:
None
Deal Addict
User avatar
Dec 8, 2007
4350 posts
666 upvotes
JaneDil wrote:
Jul 13th, 2013 12:44 pm
If you're in Burlington or area, try Chris Breen. Only charges around $450 plus regular disbursements. Multiple award winner and nice guy.

He's half the price of most other guys because (I believe) he has a basement office....nothing fancy. But he's been around for years and clients keep voting him for Reader's Choice Awards year after year.
Proof - award winning quality service for $450

Further proof the thousands of dollars you are paying are only going to help some jr. shmuck lawyer pay for his $18 heinekens at some pretentious Toronto bar while he tries to impress girls who are clearly there to get with the ibankers. Hope you enjoy financing creeperism
Mark77 wrote:"All aspiring students should go into the financial services - engineering is, and always has been, a poor choice for our brightest minds ... and TodayHello is my Hero ..."
Hydropwnics wrote:"TodayHello is a certified hustler and original gangster."
Deal Addict
May 5, 2008
4057 posts
992 upvotes
Winnipeg
Paid over 5700 in land transfer taxes last week to the great province of manitoba...and over a 1000 in legal fees
Deal Addict
May 28, 2006
2389 posts
178 upvotes
I pay around $500 for lawyer fees and $0 in land transfer taxes in Calgary.
Deal Addict
User avatar
Jan 11, 2006
1405 posts
18 upvotes
North York
Is condo lawyer fee more expensive than a home lawyer fee?

My situation:

Condo lawyer: interim closing $300, final closing $1200 (for condo in Toronto)

Townhome lawyer: purchase $540, mortgage discharge $250, land tax first time buyer $100, e-reg $50 (townhome in Markham) edit: there may be title search fee, and addititonal fees for a conveyance $120-140)

And all these quotes are before tax.
Newbie
Jul 7, 2008
69 posts
3 upvotes
After several closings, I've learned that cheaping out on your lawyer never works out well.

My first few closings, I used the same lawyer, was about $950 all in as a buyer in toronto on a Condo, 7-10 years ago. It was the cheapest I found, but later got bitten by interest charges or had to run around getting papers signed and sent in.

My last few closings, I paid about $1400 (as a buyer). No issues at all after.
Member
Jan 15, 2015
393 posts
137 upvotes
noname wrote:
Feb 24th, 2012 6:39 pm
I find these prices are high compared to what I pay. Here in Vancouver I'm paying for a notary to do the legal paperwork for a sale with mortgage, about $600, and a purchase with mortgage, about $1100. so a total of about $1700 for both sides... but maybe Ontario pricing is different
I don't find notaries as cheap as one thinks. Years ago, I did a sale using a notary and it was more expensive than using a lawyer. If something should go wrong with the sale or purchase, a notary is limited in taking legal action on your behalf, I think.

Vancouver prices at one law office (November 2014 - last time I used a lawyer). Prices may have increased slightly from that date.

Home sale $500
Home sale w/mortgage $550
Home purchase $750
Home purchase w/mortgage $900

Legal consultation was free although posted fee schedule says $84. Amounts above include all legal fees, disbursements, PST and GST. If repeat customer or other legal papers such as will prepared at same law office, discounts from posted fees are given.
Jr. Member
Jul 16, 2015
125 posts
25 upvotes
Kitchener, ON
Hoping some people can help me out with this. I've got a couple of quotes from lawyers, but I'm always confused by how people break down the costs so here's everything. I just want to know if this is reasonable. Considering the Chris Breen lawyer from a couple of posts ago charges $450 for legal fees plus disbursements, this one charges $650, but the additional charges aren't mentioned in those other posts.

Legal fees $650.00
HST on our fee $84.50
Disbursements (including HST) $428.27
Title Insurance Premium $282.00
Title Insurance administration fee $67.80
Government Registration Costs $142.60
Land Transfer Tax (based on the purchase price of your home) $3,273.50
First Time Homebuyer Rebate (maximum amount is $2000) $2,000.00
Difference of Land Transfer Tax payable $1,273.50

TOTAL
$2,928.67

I'm new to this so thx for any help!
Member
Feb 15, 2011
207 posts
11 upvotes
Title Insurance administration fee $67.80 - This is also going to his pocket on top of $650.
dwfLuid wrote:
Jul 17th, 2015 9:35 pm
Hoping some people can help me out with this. I've got a couple of quotes from lawyers, but I'm always confused by how people break down the costs so here's everything. I just want to know if this is reasonable. Considering the Chris Breen lawyer from a couple of posts ago charges $450 for legal fees plus disbursements, this one charges $650, but the additional charges aren't mentioned in those other posts.

Legal fees $650.00
HST on our fee $84.50
Disbursements (including HST) $428.27
Title Insurance Premium $282.00
Title Insurance administration fee $67.80
Government Registration Costs $142.60
Land Transfer Tax (based on the purchase price of your home) $3,273.50
First Time Homebuyer Rebate (maximum amount is $2000) $2,000.00
Difference of Land Transfer Tax payable $1,273.50

TOTAL
$2,928.67

I'm new to this so thx for any help!
Penalty Box
Aug 2, 2010
10797 posts
2097 upvotes
CanadianinCanada wrote:
Jul 17th, 2015 11:57 pm
Title Insurance administration fee $67.80 - This is also going to his pocket on top of $650.
Law school costs a lot of money
Member
Feb 15, 2011
207 posts
11 upvotes
Which well paying profession doesn't? It does not mean that one should start charging by using these funny names. What is there to administrate in a title insurance? Lawyer is already charging $ 650 as his / her fee.
eonibm wrote:
Jul 18th, 2015 11:39 am
Law school costs a lot of money
Sr. Member
User avatar
Jul 19, 2003
669 posts
46 upvotes
Markham
Are fees dependent on purchase price
Jr. Member
Jul 16, 2015
125 posts
25 upvotes
Kitchener, ON
Thx for the quick replies guys. Its always a concern to me when dealing with so called professionals. I once used a patent lawyer to do a search, and I found more similar results to my invention than they did and in less time. I was furious because it cost me $3k to have them spend a month looking for similar patents that took me 2 days using Google.

Anyways, I'm going to wait for some more replies cause I need some more advice.
Newbie
Sep 29, 2010
30 posts
2 upvotes
Toronto
I am in the process of purchasing a home and need a reputable condominium lawyer. I was told by several people that they shouldnt be charging any more than $1200, would you guys have any recommendations? thanks in advance
Banned
User avatar
Jul 16, 2003
10398 posts
1459 upvotes
Toronto
Stephen Shub - Homelegalcost. You can get an accurate quote for his services online.
Andre Oliveira - Mortgage Agent
Mortgage Intelligence - FSCO# 10428
Banned
User avatar
May 3, 2009
6148 posts
770 upvotes
My assignment transaction (review of assignment agreement, first and second closing) for a condo is $3.7K. Is this expensive???

Assignment usually does cost more, but is this normal?

Thanks!

Top

Thread Information

There is currently 1 user viewing this thread. (0 members and 1 guest)