The typical closing costs involved in an Ontario real estate transaction include legal fees, title insurance, land transfer tax and out-of-pocket expenses.
Closing Costs Breakdown for Ontario Real Estate Transactions
read more
McMurter & Associates Legal Blog
The Role of a Real Estate Lawyer in Refinancing Your Home
Lower interest rates, debt consolidation, and accessing home equity are common reasons homeowners choose to refinance their mortgages. A real estate lawyer plays a key role in this process, ensuring all legal aspects are handled properly. Our “No Surprises” legal fees for refinancing with institutions vary depending on the mortgage amount. We will provide you with an accurate cost breakdown, dependent upon your situation, when we discuss your refinancing needs.
The Biggest Estate Planning Mistakes (and how to avoid them)
Estate planning is one of the greatest gifts you can give your loved ones. With the start of a new year, it’s the perfect time to tackle items you may have been putting off, including creating or updating your estate plan. We have the biggest estate planning mistakes and how to avoid them on our blog.
McMurter & Associates is thrilled to announce the addition of Nick Whelan as the newest Partner of our firm.
McMurter & Associates is thrilled to announce the addition of Nick Whelan as the newest Partner of our firm. His expertise and commitment to providing our community with estate and real estate law services align with the dedication we promise our clients. This partnership is a welcomed addition to our firm.
Notary Services Can Simplify Your Life
In Ontario, notary services can streamline many of your legal and official document needs. Under Ontario law, only notary publics are authorized to perform affirmations, witness signatures, and certify that a document is a true copy.
A notary public ensures that all legal processes comply with the province’s regulations, offering more than just signatures and stamps of approval. They provide legal assurance, convenience, and peace of mind.
Pitfalls to Avoid in Joint Property Ownership
Owning real estate with an investment partner is a popular choice among real estate investors, but this strategy comes with its own set of challenges. While there are many advantages to sharing ownership of properties with a partner, clear communication in agreements is the true key to success.
Ontario Land Transfer Tax: How Much Do You Have To Pay?
What is land transfer tax?
In Ontario, the land transfer tax is a fee you pay to the provincial government when you acquire real estate. It’s calculated as a percentage of the property’s purchase price and is due upon closing. Your real estate lawyer will handle the land transfer tax payment on your behalf as part of the closing process.
Death binders. A morbid thought, but very beneficial.
Collecting and keeping all of the family’s most important pieces of legal and financial information together and in a secure location can be a tremendous resource in the event of an unexpected (or eventual) death. A death binder is an estate planning tool that you should use to organize and store all documents and notes that your partner and loved ones should have access to if you pass away.
What’s trending: Power of Sale properties are popping up.
The dramatic rise in the prime interest rate is having a devastating impact on household budgets, and as a result we are seeing more and more power of sales in the real estate market in the Durham Region, something that has been relatively uncommon up until now.
Estate Administration Tax… not fun, but necessary. Here’s how to handle it.
Estate Administrative Tax (EAT) is also known as probate fees. There’s no way to get out of paying them, but there are a few things to consider when trying to reduce the amount that your beneficiaries will have to pay from your estate after you are gone. Here is what you need to know about Estate Administration Tax.
Our Offices
McMurter & Associates
114 Green Street
Whitby, ON L1N 4C8
Phone: 289-278-0934
Toll Free: 1-800-756-7138
Email: [email protected]
Fax: 905-666-2863
Whitby Office
114 Green Street
Whitby, ON L1N 4C8
Phone: 289-278-0934
Toll Free: 1-800-756-7138
Email: [email protected]
Fax: 905-666-2863
Whitby Office