Andrea C. Lutzeier Barrister, Solicitor, Notary Public
Professional legal services with personalized attention!
Legal Services Real Estate Law
purchase and/or sale of your Condominium, Freehold / Leasehold Townhome,
purchase, sale or lease of Office Buildings
Real Estate Tips
Land Transfer Tax
To calculate the amount of land transfer tax payable to the Minister of
Finance on the purchase of your new home, follow the calculation set out below.
* Note that the following calculations are based on Ministry guidelines
which are subject to change.
Please call for your specific land transfer
LTT = 0.5 % of the first $55,000.
+ 1 % on the
balance of the purchase price, up to $250,000
+ 1.5% on the
balance of the purchase price.
$150,000 = $1225
$200,000 = $1725
$250,000 = $2225
$300,000 = $2975
$350,000 = $3725
Yourself with Title Insurance
Title insurance guarantees your interest in title against many hidden risks
and undisclosed interests that may not be uncovered by the investigative
searches conducted by a lawyer.
A title policy can also protect against claims resulting from encroachments
of the structure onto neighbouring lands or municipal property.
Title insurance can eliminate the need for certain off-title searches,
resulting in significant savings to you that often outweigh the cost of the
already low title insurance premium.
The policy's guaranteed survey coverage on residential properties means that
it is not necessary for you to incur the costs of ordering a new survey of the
property, often a requirement of mortgage lenders.
For more information on title insurance visit the TitlePlus Web site at: http://www.titleplus.ca/
Buying or Selling a House or Condominium?
Whether you are buying or selling a house, townhouse, condominium or
commercial office building
Andrea C. Lutzeier will provide you with
professional and personalized legal services.
Real Estate Law
4195 Dundas Street West
Ontario M8X 1Y4
Phone: (416) 233-5525
Fax: (416) 233-5431