Real Estate

Real estate lawyer fees in Ontario

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  • May 22nd, 2019 11:30 pm
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[OP]
Newbie
Mar 17, 2019
18 posts
4 upvotes

Real estate lawyer fees in Ontario

Hi all,

Got quoted the following and was wondering if it's reasonable. I'm used to BC prices which seem to be much lower (paid 750$ all in after tax in Vancouver).

Here is the breakdown I've received.

Title Insurance:                                $   400.00 

Legal Fee:                                          $   459.00 plus HST

Gov't Fees/Disbursements:           $   475.00 plus applicable HST

 

Total Costs:  $1,455.42 inclusive of HST

Land transfer tax is of course additional on top of this. Am I being ripped off here? I've contacted many law firms and all seem to be in the 1300-1700 range.

Cheers
13 replies
Sr. Member
May 3, 2013
643 posts
199 upvotes
Toronto
That range is normal. The two things I look for when I recommend a lawyer is their responsiveness to email/call and proximity to the client. If the transaction isn't straight forward and a bit complex (eg. overseas buyer, assignment, etc), make sure the lawyer is familiar with those aspects, which most of them are.
Sr. Member
Jun 7, 2017
957 posts
710 upvotes
BC
That's really low when including title insurance.
Member
Oct 21, 2013
284 posts
140 upvotes
waterloo, on
this is a really low quote. If you look at it, the legal fee is only 459. I never seen this lower than 650.
Serving Kitchener/Waterloo/Guelph/London/Hamilton/Niagara and surrounding areas
Deal Expert
User avatar
Aug 2, 2010
15193 posts
4925 upvotes
Here 'n There
Should be in Hot Deals section.
Jr. Member
Nov 14, 2018
119 posts
21 upvotes
Does this depend on property price?

I have been quoted 1100 + hst + title insurance.

Property value : 940k
Deal Expert
User avatar
Aug 2, 2010
15193 posts
4925 upvotes
Here 'n There
pradstoronto wrote: Does this depend on property price?

I have been quoted 1100 + hst + title insurance.

Property value : 940k
well, um, higher value higher risk, so ya
Newbie
Feb 26, 2017
28 posts
11 upvotes
That sounds cheap. For my new build I am being qouted:

lawyer + disbursements: 1600$
title Insurance: 300$
Registration: 150$

Time to look around.

Edit:
Location ottawa
Member
Oct 21, 2013
284 posts
140 upvotes
waterloo, on
pradstoronto wrote: Does this depend on property price?

I have been quoted 1100 + hst + title insurance.

Property value : 940k
it totally depends on the lawyer. some might some might not. some just have a flat fee.
Serving Kitchener/Waterloo/Guelph/London/Hamilton/Niagara and surrounding areas
Sr. Member
May 3, 2013
643 posts
199 upvotes
Toronto
My clients always get quotes in the $1300 to $1600 range including HST. I think some folks feel that because this is a big purchase, it's better to find a big law firm with a big name and many partners. Those firms will cost more... cuz you end up paying for their advertising and rent.

Most real estate transactions are simple for lawyers, they "simply" need to verify the titles, transfer funds to and from lenders/lawyer/buyer/seller, and exchange title. No need for a big name with big fees. IMHO.
Member
Jan 13, 2007
490 posts
373 upvotes
Toronto, Ontario
I've seen most real estate lawyer fees for a purchase transaction to be in the $1,500 range as well.
Deal Addict
User avatar
Dec 16, 2015
2510 posts
2175 upvotes
Canada
moochaoranges wrote: Hi all,

Got quoted the following and was wondering if it's reasonable. I'm used to BC prices which seem to be much lower (paid 750$ all in after tax in Vancouver).

Here is the breakdown I've received.

Title Insurance:                                $   400.00 

Legal Fee:                                          $   459.00 plus HST

Gov't Fees/Disbursements:           $   475.00 plus applicable HST

 

Total Costs:  $1,455.42 inclusive of HST

Land transfer tax is of course additional on top of this. Am I being ripped off here? I've contacted many law firms and all seem to be in the 1300-1700 range.

Cheers
Super cheap. You actually only need the lawyer to do the paperwork and transaction. Not the sales guy who is asking for 2,000% this price.
To the moon
[OP]
Newbie
Mar 17, 2019
18 posts
4 upvotes
Redsanta wrote: Super cheap. You actually only need the lawyer to do the paperwork and transaction. Not the sales guy who is asking for 2,000% this price.
Any tips on going about this?

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