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Joanne McPhail
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What are your legal fees and what is included in the fees when one is purchasing a first time home?

Posted by Rachel Berry to Joanne McPhail  ::  Views (10029)

Thanks for asking!  Our fee for a purchase with one mortgage  is $900.00 plus GST.  Then there are "disbursements" on top of that - these are out-of-pocket expenses incurred by us in order to complete your purchase (like registration fees, title insurance fees, etc).  Usually we suggest that you budget about $1600 for all the legal fees and disbursements applicable to a purchase.  If you are a first time home buyer, you may get a land transfer tax refund, which is the other expense related to buying a home.  I say "may" because if you are buying with someone who has owned a home before, then you will get only half of the rebate.  If you have any other questions, just ask!  Thanks!  Joanne

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