Transfer Of Real Estate With Services
Description
How to fill out Deed Transfer Questionnaire?
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FAQ
Ontario Land Transfer Tax Value of ConsiderationMLTT RateUp to and including $55,000.000.5%$55,000.01 to $250,000.001.0%$250,000.01 to $400,000.001.5%$400,000.01 to $2,000,000.002.0%2 more rows
To take possession of a property, a Transfer of Title must happen first. This is a formal legal exchange of ownership of a home from one person to another. In Ontario, this must be completed by a lawyer to ensure you are protected from future claims on the home and that all financial and legal obligations are laid out.
In Ontario, title transfers can only be completed by a lawyer. This ensures the change of ownership is documented accurately, and keeps you, the buyer, from being burdened with the details and complexities of the title transfer process.
Changes to Ownership Transferring title, such as after the purchase of a new home or death of a spouse, often requires the expertise of a legal professional. A legal professional becomes your representative in these matters and acts on your behalf.