Posted in Purchasing A Home

Ontario Land Transfer Tax: How Much Do You Have To Pay?

Posted by allisonmcmurter on 22 October 2024
When purchasing property in Ontario, buyers need to be aware of the land transfer tax, a significant cost that can add thousands to your purchase price.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 ca...
Posted in:First Time Home BuyersPurchasing A HomeReal Estate Law  

Foregoing a home inspection? Proceed with caution.

Posted by Allison McMurter-Hughes on 23 June 2024
As a buyer, it can be tempting to forego all conditions. Financing, home sale, and home inspection conditions are the most common conditions. If you are considering excluding conditions, we urge you to reconsider.It is no secret that our team at McMurter & Associates are strong believers in c...
Posted in:First Time Home BuyersPurchasing A Home  

Red flags that can arise in your title search

Posted by Allison McMurter-Hughes on 21 February 2024
In a real estate lawyer’s perfect world, sellers would have a title search done for their property before the listing goes live. But life isn’t perfect, and this isn’t usually the case. A title search is usually conducted just before the close of the property.Simply put, “title” refers ...
Posted in:Purchasing A HomeSelling  

I want to purchase a home that has existing tenants. What are my next steps as the purchaser?

Posted by Allison McMurter-Hughes on 20 June 2023
If you intend to reside in the house yourself, you must negotiate a clause in the contract calling for “Vacant Possession”.  This now puts the onus on the seller to ensure the house is empty at the date of closing.According to Advocacy Centre for Tenants Ontario, 30% of Ontario’s ...
Posted in:Purchasing A Home  

My financing fell through two weeks until closing. What are my options?

Posted by McMurter & Associates on 10 May 2023
You’re buying a home and the excitement, mixed with some nerves, starts to creep in a few weeks before closing. Even if this isn’t your first home, there are always issues that may arise in your real estate deal. The best course of action is to be aware of potential problems and have a plan i...
Posted in:Purchasing A HomeSelling  

McMurter & Associates is located in Whitby, Ontario, and serves the communities of Oshawa, Ajax, Pickering, Clarington, Newcastle, Bowmanville, Courtice, Whitchurch-Stouffville and municipalities throughout Durham Region.