Purchase, sale, mortgage, refinance. Fixed fee quoted before the file opens. Named lawyer on every file. Most purchases close in 21 to 28 days.
The Ontario Land Transfer Tax line is the biggest single cost on a closing statement. Enter a price and the calculator walks the tiered schedule and, if applicable, the Toronto municipal LTT. First time buyer rebate and corporate buyer flags are one click away.
Source: Ontario Ministry of Finance · City of Toronto MLTT By law 1423 2007 · Verified 18 April 2026.
Ten steps cover every Ontario residential closing. The five step condensed version lives on the landing page.
Signed Agreement of Purchase and Sale received. Khan Law opens the file within one business day and sends the engagement letter with a fixed fee quote.
Title is searched in the electronic registration system. Defects, liens, and charges are catalogued.
Zoning, work orders, tax arrears, utilities, and building permits are checked through the municipality and applicable agencies.
Defects and compliance issues are raised with seller counsel in a formal requisition letter by the deadline in the Agreement.
Mortgage instructions from the lender are reviewed. The charge is drafted for electronic registration.
Property tax, utility, and condo fee prorations are calculated. The buyer receives the statement of funds required three to five days before closing.
Thirty to forty five minute appointment. In person at a Khan Law office, or remote under O. Reg. 4/22.
Mortgage funds advance into Khan Law trust on closing morning. If lender is late, we notify you within the hour.
Transfer and charge are registered in Teraview. Funds flow to seller counsel. Keys are released.
Registered Transfer, statement of adjustments, title insurance policy, and closing report are delivered within 10 business days.
Each transaction has a scope list, a fixed fee entry point, and a dedicated service page. Switch tabs to compare.
Review the Agreement of Purchase and Sale, run title and off title searches, review lender instructions, prepare the statement of adjustments, close and register.
APS review, mortgage discharge coordination, Statement of Adjustments, FINTRAC disclosure, seller Transfer execution, same day net proceeds wire.
Khan Law on the lender instruction only. Charge drafted, registered, and reported to the lender. Frequently bundled with a purchase closing.
Register a new charge, discharge the old mortgage, take equity out if needed, satisfy all lender conditions. Most refis close in 14 to 21 days.
Fees below are the entry points for a standard residential file. Corporate and complex files are quoted individually, always in writing, always before the file opens.
| Transaction | Khan Law fixed fee | Typical disbursements | Add HST |
|---|---|---|---|
| Purchase | $999 | $525 (title insurance, registration) | Yes, on fee only |
| Sale | $999 | $350 (discharge, EFT) | Yes, on fee only |
| Mortgage | from $699 | $450 (title insurance, registration) | Yes, on fee only |
| Refinance | from $799 | $775 (discharge, new charge, title) | Yes, on fee only |
| Corporate or trust purchase | $1,499 to $2,499 | Quoted individually | Yes, on fee only |
Disbursement estimates based on 2025 average transaction in the GTA. Land Transfer Tax, property tax adjustments, and mortgage payout amounts are separate from the above.
Four of the five most common closing problems trace back to a missed review step. Each of these is solved with a lawyer in the loop before signing.
A forged Transfer registered against your title. Discovered when the real owner tries to sell and cannot. Title insurance and a lawyer run title search prevent this. Average recovery without insurance: 14 to 36 months.
Open municipal work orders that transfer with the property. Discovered after close when the buyer tries to sell or build. Off title searches catch these during requisition.
Builder APS language placing interim adjustments, HST, and occupancy fees on the buyer without a cap. Khan Law reviews the APS before you sign and flags anything that shifts material risk away from the builder.
Rebate has to be claimed at registration, not after. Miss the registration window and you pay full LTT and apply for a refund that takes 16 to 20 weeks. Khan Law files the rebate at registration automatically.
Non Resident Speculation Tax at 25 percent applies to non citizen non PR buyers. On a 1 million home that is 250,000 at closing. Missed screening at retainer leads to a post closing assessment with penalties and interest.
Lender fails to fund on closing morning. Without a lawyer pushing back, deal falls over. Khan Law maintains a live call bridge with four major Canadian lenders and funds 97 percent of scheduled closings on time.
Stats are drawn from Khan Law internal file ledger and Teraview registration records. Last refreshed April 2026.
Do not see your question? Ask a Khan Law lawyer, response within one business day.
Yes. Ontario law requires a lawyer to close a real estate transaction, register title, and deliver a statement of adjustments. No exceptions for residential purchases.
Khan Law charges 999 plus HST for a standard Ontario residential purchase and 999 plus HST for a sale. Mortgage closings start at 699 plus HST, refinance closings at 799 plus HST. Disbursements typically add 525.
Most Ontario residential purchases close in 21 to 28 days from signed Agreement of Purchase and Sale to keys delivered. Refinances close in 14 to 21 days from signed commitment.
LTT is paid to Ontario when title changes hands. Provincial schedule is tiered from 0.5 percent on the first 55,000 up to 2.5 percent on amounts above 2 million. Toronto adds a municipal tax that mirrors the provincial brackets.
Up to 4,000 of provincial LTT and, for Toronto properties, up to 4,475 of municipal LTT. Eligibility: at least eighteen, never owned a home anywhere in the world, spouse never owned during the marriage.
Transfer or Deed of Land, Direction regarding funds, Statement of Adjustments, Declaration of Possession, Undertaking to clear title, FINTRAC client ID form, and mortgage documents if applicable.
Yes. Khan Law offers RSA compliant remote signing by secure video under Law Society of Ontario rules. 88 percent of 2025 closings were signed remotely.
Net proceeds are wired to your Canadian bank account on closing day, typically the afternoon your deal closes. If the buyer lender is late to fund, Khan Law notifies you immediately and wires the moment funds clear trust.
Most lenders require it. Even cash buyers should carry it. One time premium of about 350. Protects against fraud, survey defects, work orders, and certain compliance issues for the life of ownership.
Both sides sign a mutual amendment extending the date. Khan Law drafts the amendment, circulates it, and adjusts the lender advance date. Extensions usually cost nothing to the buyer when the delay is not the buyer fault.
Yes. Khan Law regularly closes through numbered companies, holding companies, and family trusts. FTHB rebate does not apply to corporate or trust buyers. HST on new construction and beneficial ownership reporting may apply.
Yes. Investor and corporate files are coordinated directly with your accountant and mortgage broker through a shared portal for the life of the file.
NRST is 25 percent of the purchase price on residential Ontario property when the buyer is not a Canadian citizen or permanent resident. Paid in addition to LTT. Limited exemptions for work permit holders, protected persons, and certain spouses.
No. Resale homes are HST exempt. New construction purchases are subject to HST, often with the New Housing Rebate already assigned to the builder in the APS.
Balance of down payment, LTT net of rebate, legal fees, title insurance, registration, and adjustments for prepaid property tax or utilities. Khan Law sends the exact bank draft amount three to five days before closing.
Browse the full Ontario real estate glossary for 60 more definitions.
Tax payable to Ontario when title to real property changes hands. Tiered from 0.5 to 2.5 percent.
Refund of up to 4,000 provincial and 4,475 Toronto LTT for eligible first time buyers.
One time premium protecting against fraud, survey defects, work orders for the life of ownership.
Final accounting of prepaid property tax, utilities, and condo fees as of closing day.
Agreement of Purchase and Sale. Binding contract between buyer and seller.
Non Resident Speculation Tax. 25 percent on residential purchases by non citizen non PR buyers.
Acquisition of real property through a holding corporation. FTHB rebate does not apply.
Electronic land registration system used by Ontario lawyers to register Transfers and charges.
In person at any office, or remote across Canada under O. Reg. 4/22. Every postal code in Ontario within reach.
Tight 21 day close, two competing offers in flight. Khan Law made it look simple. Title cleared, mortgage funded, keys at 2 pm. Fee matched the written quote to the dollar.
Whether your closing is tomorrow or ninety days away, the conversation starts with a call.
