Real Estate Closings
Close your real estate transaction with confidence. Available for virtual and in-person closing, we bring legal expertise to you in the most convenient and affordable way.
Real Estate Closings in Ontario
Real estate closings are legally binding transactions requiring independent lawyers for buyers and sellers. Axess Law’s experienced real estate team makes closing a real estate deal easy, efficient, and affordable. Virtually or in person, we bring legal expertise only a licenced Ontario lawyer can provide to close your real estate transaction on time. You walk away with the keys to your new home or, if you’re the seller, the freedom to pursue your next great real estate opportunity.
How It Works
01
Request Quote
Click on ‘Get Started’ button to receive a quote from us. If you decide to proceed, our customer care team will reach out to you within minutes to discuss the next steps.
02
Upload Closing Document
You will receive a secure intake link in your inbox to submit your closing documents. After receiving your documents, we will work with the lender to prepare for closing while keeping you informed at all times.
03
Sign Agreement
Once your closing documents are ready, we will book an appointment to review and sign the documents with you. Depending upon your convenience and location, you can meet your lawyer in person or virtually.
Documents We Need
Meet your lawyer with your agreement of purchase and sale, approved mortgage application with lender’s contact details, binder letter from your home insurer, condo status certificate or condo rules, regulations, and bylaws from your realtor. A government-issued photo ID is required to verify your identity. We’ll let you know what types of documents we need.
Transfer legal documents and funds electronically to take the hassle out of missed deadlines.
Condo status certificate or condo rules. regulations, and bylaws from your realtor
- Driver’s license
- Canadian passport
- Ontario photo card
- Canadian citizenship card with photo
- PR card with photo
Why Hire a Real Estate Lawyer
You don’t have to worry about how to prepare a real estate closing statement or any other legal steps for finalizing real estate sales. Axess Law’s experienced realty lawyers do it all for you. We search the title to your property for creditor liens, easements, or legal claims against the title. If you’re confused or worried about the real estate closing process in Ontario, our licensed lawyers explain it to you. We correspond with your mortgage broker, bank or credit union to discharge outstanding mortgages, or transfer new mortgages in your name. Our qualified Ontario lawyers can wire money and the real estate closing letter to your legal representative on time to meet buyer and seller deadlines. Once the title is registered and the keys are delivered, voila! the deal is done.
Closing Costs in Ontario
Ontario home sellers or commercial property owners pay realtor commissions (if you used one), legal fees and disbursements, and mortgage payout costs to break mortgages before they are done. Buying a home includes fixed costs you must pay to transfer title and finalize mortgage loans. Budget between 1.5% and 4% of the sales price for closing costs. You pay:
- provincial land transfer taxes
- Municipal Land Transfer Tax (MLTT) — Toronto properties only
- legal fees and disbursements — we keep it affordable
- title and fire insurance
- registration of transfer of title
- mortgage discharge and transfer fees
- HELOC (home equity line of credit) payouts
- home inspections
- mortgage lender appraisals
- condo certificate or estoppel certificate to confirm claims, liens, or charges against titles to property
- mortgage default insurance — CMHC, Sagen, or Canada Guaranty fee for high ratio mortgages with less than 20% down.
The Four Steps to Closing a Sale
You’ve found the home you want. Now let’s close the sale in four quick steps:
We review your agreement of purchase and sale and do a title search
You get a home inspection bill of health
We discharge your old mortgage and finalize any new ones
Closing documents are signed and the seller is paid. Welcome home!
What Our Customers Say About Us
My wife and I had an amazing experience with Axess Law regarding our very first home purchase. They were very responsive to our questions, calling the same day (multiple times) and returning any missed call. They were diligent, fair, and transparent. I would use their services again.
★★★★★ 5/5
The team at Axcess Law was extremely easy to work with. They were quick to respond, answered all my questions and made the entire process of closing really easy.
★★★★★ 5/5
They set up a team dedicated to my sale of real estate, and dealt with my queries outside the scope of work, out of my inexperience and being detached from legal issues, diligently and with utmost patience. As a result, I not only achieved a smooth transaction with clear documentation, but also gained invaluable experience and a lawyer’s team that I would consult and retain for my future needs.
★★★★★ 5/5
My wife and I had an amazing experience with Axess Law regarding our very first home purchase. They were very responsive to our questions, calling the same day (multiple times) and returning any missed call. They were diligent, fair, and transparent. I would use their services again.
★★★★★ 5/5
"As this was our first time purchasing a home, my wife and I believe that Axess Law genuinely ensured that all the basics were covered by educating us. We felt comfortable moving forward with this transaction. Thank you to Axess and law the staff assigned to us for their due diligence and flexibility"
★★★★★ 5/5
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We are rated 4.8/5 based on 1,475 reviews.
Convenient Appointments
Make an appointment by calling +1.877.402.4207 or fill out our online booking form. Axess Law gives you the choice of booking an online or in-person appointment. Our lawyers are available 7 days a week, at times convenient for you. We can meet in person, by phone, email, or via a remote video call. In addition to these, there are 5 Axess Law offices located across the Greater Toronto Area – all with onsite parking or easily accessible by public transit.
Some FAQs
Sellers may request quick closings for all-cash offers, making it tempting to bypass essential steps like getting a home inspection. Axess Law negotiates with sellers to protect your legal interests and get the deal done as soon as possible.
Buying insurance protects you and mortgage lenders from title fraud or property damages. It may be optional in Ontario, but Axess Law highly recommends title insurance for all property buyers.
Our real estate attorney fees for closing a real estate deal make forfeiting independent legal advice unnecessary. You avoid potential conflicts of interest by hiring an Axess Law lawyer.
Axess Law can conclude a real estate deal quickly and efficiently for you. We search the title of your property for creditor liens, easements, or legal claims against a title. Axess Law attorneys also correspond with your mortgage broker, bank, or credit union to discharge outstanding mortgages or transfer new mortgages in your name.
Axess Law’s qualified Ontario lawyers can wire money and the real estate closing letter to your legal representative on time to meet buyer and seller deadlines.
Once the title is registered and the keys are delivered, voila! the deal is done.