Real Estate Law

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WE OFFER THE FOLLOWING REAL ESTATE SERVICES

  • Residential Properties Purchase or Sale
  • Refinancing Transactions
  • Condominium Units Purchase or Sale
  • Commercial Real Estate Purchase or Sale
  • Land Purchase or Sale
  • Private Purchase or Sale
  • Mortgage Transactions
  • Charge of Land

Buying or Selling a home is the most significant decision that most people will ever make.

At the Law Offices of G. Gord Mohan we strive to make the process as easy as possible. We want to make your experience seamless and stress free. If you are in need of legal Real Estate advice, no matter what stage you are in, contact our offices for a free consultation.

Before an Agreement of Purchase and Sale is signed, we can assist you by reviewing your offer and drafting conditions.

Once your offer is firm, we can act for you on both your purchase and your sale, and can assist with properties anywhere in Ontario.

The lawyers and staff at our offices are always prepared to speak to our clients to ensure that they understand the details of the transaction and are comfortable with the procedure.

We provide legal services for all residential real estate, including new and resale homes and condominium units.

Once you have decided to retain us to act on your behalf on the purchase or selling of your home, we will need you to do the following things immediately in order to ensure a smooth closing.

Advice You Can Trust

Our office and staff are here to assist you with

 
  • transferring your mortgage to a new bank

  • increasing your home equity to consolidate your debt

  • applying for secured Line of Credit.

 

Let us put our 30 years of experience in mortgage transactions (acting for Borrowers, Private Lenders and Banks) at your service.

 

Call for more information (905)712-1911

The importance of title insurance in a real estate transaction cannot be overstated.

 

Whether you are buying a

 
  • single family home

  • condominium unit

  • rural/farm property

  • cottage or a

  • multi-unit property

 

we have the experience in getting the right coverage and protection for you catered to your individual needs and circumstances.

 

For more information, please see links to some of the popular Title Insurance Companies in the Ontario market place currently used in real estate transactions.

 

🔗 FCT

🔗 TitlePLUS

🔗 Stewart Title Guaranty Company

🔗 Chicago Title Insuarance Company Canada

🔗 Call or email for more information

 

Call for more information (905)712-1911

We provide a free service of reviewing Builder contracts for our clients as long as we are acting on their behalf for the Closing.

 

We have reviewed hundreds of Builder Agreements over the years and are familiar with their terms and know what we can negotiate to minimize your exposure.

Take a moment to familiarize yourself with the coverages in the TARION New Home Warranty — a mandatory province backed warranty which all builders must provide with some of the TARION coverages.

 

🔗 Tarion New Home Warranty

 

Call for more information (905)712-1911

We provide a free legal service of reviewing Condominium Status Certificates for our clients as long as we are acting on their behalf for the Closing.

 

A status certificate is a document provided by the condominium corporation to buyers of resale condos that provides a snapshot of the unit as it is at the date that the certificate is issued.

A buyer of a condominium unit should always make sure to make his Agreement or Offer to Purchase conditional on the purchaser receiving a status certificate, having a few days to review it, and being satisfied with its contents.

 

The condominium management company must provide the certificate to a prospective buyer within 10 days of the date of the request, and there is typically a fee of $100 that is charged by the management company for the certificate.

 
  • A status certificate contains important information about the individual condominium unit. Among other things, the certificate would indicate

  • if the current unit owner is in default of paying the monthly common expenses,

  • if the condominium board has declared an increase in the common expenses,

  • if the condominium is party to any lawsuits and/or

  • if there is an adequate amount of money in the reserve fund.

 

A buyer should pay particular attention to the reserve fund of the condominium corporation and ensure that there are sufficient funds to cover any ongoing maintenance and repair of the condominium’s major capital items.

 

For more information:

 

🔗 Ontario’s Condominium Act.

🔗 Ontario Ministry of Government and Consumer Services Website on Consumer Protection When Buying a Condo

 

Call for more information (905)712-1911

In case you decide to buy or sell your property privately, without the assistance of a real estate agent, it is strongly recommended that you consult a lawyer to either prepare or review the Offer before proceeding further.

 

We have the knowledge and the experience to guide you in this process to make sure that all the necessary terms and conditions are included in the Offer to protect your interests.

 

Call for more information (905)712-1911

Here are some preliminary forms to assist us in helping you with your closing

🔗 Purchase Information Sheet

Once you have decided to retain us to act on your behalf on the purchase or selling of your home, we will need you to do the following things immediately in order to ensure a smooth closing.

 

🔗 Checklist For Buyers

🔗 Checklist For Sellers

Many purchasers are unaware of their obligations to pay Land Transfer Tax to the Province of Ontario on closing of their home. The rate of tax is based on the purchase price and the calculation is as follows:

 

Under $250,000.00

Purchase Price x 1% less $275.00

Over $250,000.00:

Purchase Price x 1.5% less $1,525.00

Over $400,000.00:

Purchase Price x 2% less $3,525.00

 

Calculating Land Transfer Tax

 

Purchase Price of Home

Land Transfer Tax

$150,000.00

$1,225.00

$260,000.00

$2,375.00

$405,000.00

$4,575.00

For example:

Please also note the following about land transfer tax:

 
  • If you are a first time buyer, you will be exempt for up to $2000 in your land transfer tax
    payment;

 
  • If you are buying a home in Toronto, then in addition to the Ontario land transfer tax, you will
    also have to pay the Toronto land transfer tax. In essence, your tax liability is doubled.