Move Fax Deed For Free

In Nova Scotia, the land registration process has changed, and that has created a need for migration. Migration is where properties are moved from the old registration system to the new one. If you want to sell or refinance your home or property, you may first need to go through the migration process.

A property title transfer cost includes applicable land transfer tax and real estate lawyers fees, plus lawyers disbursements such as software charges and Title Insurance depending the requirements of your lender. In Ontario, you need a real estate lawyer to transfer land title of a property.

The Land Transfer procedure in Ontario is relatively simple and cost-effective if a real estate lawyer is involved. All you need to do is hire a real estate lawyer who will prepare all documents for the land registry and register the transfer as per the laws of Ontario.

Tax is based on the ownership interest being transferred to non-residents. tax calculation: PDTT = 5% x Total Ownership Interest being Transferred to Non-Residents x Purchase Price or the Assessed Value of Property (whichever is greater)

The cost of a land survey can range from $1,500 to over $6,000 for larger properties in Canada.

How much does it cost to convert a property to the land registration system? There is a $100.00 registration fee for converting a property ? in addition the government charges the same document filing fee for converted and unconverted properties.

Land Transfer Tax IS applicable if there is a transfer of ownership/title between parent and child. If the child is receiving the property as a gift then Land Transfer Tax is based on the amount of the outstanding balance of the mortgages/Lines of Credit.