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Our real estate lawyers handle local and province-wide residential real estate purchases, sales, and mortgage-refinance transactions. Our lawyers and our Expedited Realty Services (ERS) department have years of experience providing home buyers and home sellers with a full range of real estate legal services for home purchases, home sales and mortgage transactions.

Siskinds ERS department offers you peace of mind by providing you with an all-inclusive, fixed-cost price* at the beginning of our hassle-free closing process. We won’t quote you a low legal fee and then nickel and dime you with disbursements that can triple your cost or more. With Siskinds ERS we will quote you the bottom line price, including all standard disbursements, allowing you to budget accordingly, limiting unexpected additional costs on closing. For a specific price quote please contact our ERS department at 226-213-7366 or by email at ers@siskinds.com. Alternatively, our front desk can be reached at 519-672-2121.

Land Transfer Tax

Land Transfer Tax (“LTT”) is payable to the Ontario government at the time we close a purchase transaction. It can also be payable if title is changing as part of a refinance. For properties located in Toronto there is an additional Municipal Land Transfer Tax (“MLTT”).

To calculate LTT please visit http://www.ratehub.ca/land-transfer-tax. Please note that the results may not be 100% accurate. For more details on LTT please contact Siskinds ERS.

If an agreement of purchase and sale is entered into after November 14, 2016, and registration or the disposition occurs on or after January 1, 2017, the tax rates on the value of the consideration are as follows:

Amounts up to and including $55,000: - 0.5%
Amounts exceeding $55,000, up to and including $250,000:   -  1.0%
Amounts exceeding $250,000, up to and including $400,000: -  1.5%
Amounts exceeding $400,000: -   2.0%
Amounts exceeding $2,000,000: -   2.5%

The additional tax on amounts exceeding $2,000,000 only applies where the land contains one or two single family residences.

The Toronto MLTT rates are the same as the LTT rates, meaning that if you are purchasing or refinancing in Toronto the transfer tax payments will be double that of the rest of the Province of Ontario. Toronto also charges an administration fee of $79.50 plus HST on top of the MLTT rate.

Purchasers who have never been on title to a property anywhere in the world before might be eligible for a transfer tax rebate. The maximum rebate in Ontario is $4,000, and in Toronto is $8,475 (being the $4,000 Ontario rebate and an additional $4,475 Toronto rebate). There are situations where a purchaser might not qualify for a rebate, even though the purchaser has never been on title to a property before. To qualify for a rebate the purchaser’s spouse cannot have owned a home, or an interest in a home, anywhere in the world while being the spouse of the purchaser. Purchasers must also be Canadian citizens or permanent residents of Canada to qualify. For more information please contact Siskinds ERS.

Non-Residents

If any buyer, seller or mortgagor is not a Canadian resident then additional fees and procedures may apply.

A non-resident speculation tax equal to 15% of the purchase price applies on the purchase or acquisition of an interest in residential property located in the Greater Golden Horseshoe Region by individuals who are not citizens or permanent residents of Canada or by foreign corporations.

To comply with income tax requirements, 25% of the sale price of any property sold by a non-resident of Canada will be withheld, to ensure the payment of income tax liabilities. Those funds will only be released once the Canada Revenue Agency provides a Certificate confirming that no taxes remain outstanding. Additional legal fees will also apply if Siskinds ERS is required to coordinate with the Canada Revenue Agency. We would advise any non-resident seller to consult with an accountant prior to selling property in Ontario.

*Some exceptions apply. Please contact Siskinds LLP for more details. ERS pricing applies only to standard owner-occupied single-family residential transactions, where the property is connected to a municipal sewer and/or water system, and where the property is not bound on any side by water. All prices quoted are for standard transactions.

Our Team

Learn more about Laura Geddes.

Laura Geddes

Associate - Real Estate Services, Wills & Estate Planning

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Reviews

5 out of 5 stars.

Adnan was invaluable in helping us through our various acquisitions as fast a paced growth Fintech company. Despite being in a unique industry, Adnan demonstrated his expertise time and time again by supporting us through difficult negotiations, ensuring our interest were protected at all times, and ensuring the deals were completed in a cordial and timely manner. On top of all of that, we needed regular support with various internal corporate matters, all of which Adnan handled with comfort and ease. Adnan is also very well connected in the industry and was readily able to link us with the necessary experts we needed to handle the various legal matters. Most of all, what impressed me the most, is Adnan’s commitment and dedication and the late hours he spent ensuring he was always available at the critical times to address any issues that came up. - S.K.

5 out of 5 stars.

I am certainly grateful for Jill McCartney and Madeline McKinnon for all the time they spent on the class action for my and many others issue. People like me do not understand all the legal procedures and get impatient but the team was there to answer any questions or concerns no matter how many times I called or e-mailed and encouraged me to do so . In the end Jill made sure I totally understood the decisions.  Thank you so much for caring. Would recommend this firm anytime. - F.A.

5 out of 5 stars.

I am sincerely grateful to Leanne Kuchynski for representing my wife and I in what we considered to be an unprecedented situation. Leanne's compassion, practical advice, openness to feedback, brilliant strategic thinking and outstanding work ethic led to the most optimal outcome while maintaining a superior human experience. Despite the harsh realities of the situation, I felt extremely comfortable that our best interest was Leanne's utmost priority and was confident in her demonstrated ability. She was professional and exceptionally thorough, yet remained remarkably caring.

I use to have a somewhat cautious disposition towards lawyers based on past experiences; however, Leanne completely restored my faith in the profession and earned my unquestionable loyalty for all future legal needs. - S.M.