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Real Estate Closings

You made an offer to purchase or sell a home or commercial property. Now what?

Real estate closings are legally binding transactions requiring independent lawyers for buyers and sellers. If you've been given 30 to 60 days to close a real estate transaction, Axess Law can conclude the deal quickly and efficiently for you.

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 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.

Documents We Need

We may ask for your agreement of purchase and sale, approved mortgage application with lender's contact details, binder letter from your home insurer (they'll know what we mean), condo status certificate or condo rules, regulations and bylaws from your realtor. Government-issued photo ID is required to verify your identity. We'll let you know what types of documents we need.   

Closing Costs You Must Pay

Real Estate Buyers in Ontario

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, Genworth or Canada Guaranty fee for high ratio mortgages with less than 20% down. 

Closing Costs for Ontario Sellers 

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 their done. 

Missing Closing Deadlines

Missing a closing deadline is inconvenient, but doesn't automatically void legal sales contracts. Document registration agreements signed by buyers' and sellers' lawyers can sometimes allow for late closings.

Ontario real estate buyers and sellers have until 5 p.m. closing day to transfer money, legal papers and property keys and have the transaction formally registered. Deals can close up in escrow if the buyers' and sellers' lawyers have exchanged everything before 6 p.m. 

That means the buyer gets the keys and the seller their funds on closing day, but the deal is registered with the Ontario land registry the next business day. 

What If the Seller Refuses to Extend?

Sellers may refuse to extend real estate contracts and threaten to keep your deposit if closing deadlines are missed. You can offer financial compensation for the inconvenience or go to court to overturn the seller's decision.

That doesn't help if you're selling and buying property the same day, which is why Axess Law real estate lawyers:

  1. Transfer legal documents and funds electronically to take the hassle out of missed deadlines.
  2. Help coordinate property sales and purchases to occur on separate days.
  3. Communicate with your lawyer on when documents are due.
  4. Plan for the unexpected, like power outages, traffic jams or bank delays.
  5. Make it easy to exchange house keys.
  6. Arrange title insurance in case anything happens before the transfer of title is complete. Buyers, not sellers, are liable for property damages or liens that occur between title transfers.

Real Estate Closing Traps to Avoid

Quick Closings

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 Title Insurance

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. 

Low, one-time premiums cover title defects affecting property ownership, unpaid liens by previous owners (like outstanding condo fees), property line issues with neighbours, survey mistakes in public records or efforts by fraudsters to transfer your title to their name. 

Legal expenses to fix title to property issues can be included. 

Conflicts of Interest

You could have family or friends who are lawyers who can offer free or cheap legal services. 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. 

Affordable Legal Services Nearby

Axess Law has Ontario lawyers nearby who make closing a real estate deal easy, efficient and affordable. You pay just $799.99 and up to sell property in Ontario or $999.99 and up if you are a real estate buyer. 

We offer the same great services you get at more expensive law firms, with the convenience of 7 day a week appointments. Call us before you pay a lot more than necessary for legal services you could get at our flat rate fees. 

Call Axess Law for Online Bookings and Flexible Hours

We make virtual video calls 7 days a week, at times convenient for you. You can book online with our easy web form or call our 1-647-479-0118 lawyer line (toll free at 877-522-9377) to make a video conference appointment
Axess also has open law offices with Greater Toronto Area real estate attorneys who can meet with you in person, days or evenings. Check out our easy to access locations and onsite parking to find cheap lawyers near Toronto.


It was a pleasure working with Patricia from Axess Law. It was my first time purchasing a home, and was very nervous about every step in the process. I called and emailed Patricia several times with the silliest questions. She answered them all promptly, and provided the best customer service I could ask for. I would recommend Axess Law and particularly Patricia to everyone.

c Cindy Tran

In the past I had to make appointments and waited for days to see a lawyer. Now conveniently this office is at my neighborhood supermarket. I was able to walk in and get my documents signed in less than 30 minutes The staff are courteous and professional. I would recommend anyone. Prompt service.

Joy Stewart Joy Stewart

I am writing this review on behalf of my daughter who completed her first Real Estate condo transaction with AxessLaw. Besides just helping my daughter as a client, they helped her understand every single step involved in the process and the whole process was completed without any problems. I would recommend them to anyone looking for hassle free real estate transaction without thinking twice.

icon Irene Tucker


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