Closing for a buyer living outside Canada, including the non-resident speculation tax and federal foreign-buyer rules.
The closing date in your agreement sets the timeline; contact the lawyer as soon as the agreement is signed, or before you sign if possible. Ontario Done by an Ontario lawyer, by referral
What is included
Reviews the agreement of purchase and sale and its conditions
Searches title, executions, property taxes and work orders, and deals with title problems
Arranges title insurance where appropriate
Prepares the transfer, mortgage, closing documents and statement of adjustments
Registers the documents electronically and handles the closing funds through the lawyer's trust account
Reports to you after closing with the registered documents
What is not included
Land transfer tax, registration fees, title insurance premiums and other disbursements
Home inspections, surveys and appraisals
Disputes or lawsuits arising from the deal, unless the lawyer agrees to act
Work by NEO Legal Services: NEO is a paralegal firm and only makes the referral
Who this service is for
Buyers and sellers of homes, condos, cottages and land
Owners refinancing or transferring property
Investors buying rental or mixed-use property
Information to have ready
1The signed agreement of purchase and sale and any amendments
2Government photo ID for each buyer or seller
3Lender and mortgage details, and home insurance for buyers
4Existing mortgage and property tax information for sellers
5Any status certificate, survey or warranty documents
How a referral works
1Tell us in a few words what the matter is about, and who else is involved, so we can check for a conflict of interest.
2We recommend an Ontario lawyer for your matter, and at least one other you could choose instead.
3The lawyer runs their own conflict check, confirms the scope and quotes the fee, normally in a written retainer agreement.
4You pay the lawyer's fee to the lawyer. Any referral fee comes out of it, is disclosed to you in writing, and never increases what you pay.
A typical Ontario fee for this service is $2,000–$3,800, plus HST. The lawyer quotes the actual fee before any work starts. You pay the lawyer directly; the referral itself costs you nothing.
When should I contact a lawyer?+
Ideally before you sign an offer, so the lawyer can review the conditions. At the latest, as soon as the agreement is signed.
What is title insurance?+
It is a policy that protects against certain title problems, such as fraud or some survey issues. The lawyer can explain what it covers and whether it suits your deal.
Can the same lawyer act for the buyer and the seller?+
Usually not. The Law Society's rules generally prevent one lawyer from acting for both sides of a property sale, with limited exceptions.
General information only, not legal advice. NEO Legal Services Professional Corporation is a licensed paralegal firm regulated by the Law Society of Ontario.
Important limitations
No closing can be guaranteed if the other side or a lender does not perform
Problems found late, such as title or survey issues, may delay closing
The work is limited to the scope the lawyer confirms in writing