Real Estate Law

Buying or selling property is one of the largest financial decisions most Ontarians will ever make. Real estate transactions involve important legal steps that protect your ownership and investment. Below are answers to the top 15 real estate law questions every buyer and seller should understand before signing. 1. What does a real estate lawyer do? Your real estate lawyer ensures the transaction is legal, binding, and secure. They review the purchase agreement, conduct title searches, handle mortgage documentation, and register ownership after closing. 2. When should I hire a real estate lawyer? Engage your lawyer as soon as possible —ideally when you make or receive an offer. Early advice can prevent errors or clauses that might cause problems later in the deal. 3. What are closing costs and how much should I budget? Closing costs typically include legal fees, title insurance, land transfer tax, and adjustments. Buyers should budget 1.5% to 4% of the purchase price to cover a...