Taxes, Fees and Lawyers

Your lawyer will be one of the most important facilitators of your Real Estate transaction. They are responsible for researching and assuring that the deed to your house is in good order in the exchange of ownership. Your lawyer will assess the title and past title, look into and remove liens and make financial adjustments for taxes and utilities. They will also oversee your Land Transfer tax which is a one-time purchase tax the buyer is responsible for.

Here is how you can expect your Land Transfer tax to be calculated. The tax rates on the value of the consideration are as follows:

  • 0.5% for amounts up to and including $55,000
  • 1.0% for amounts exceeding $55,000 up to and including $250,000
  • 1.5% for amounts exceeding $250,000
  • 2.0% for amounts exceeding $400,000 where the land contains one or two single family residences

Real Estate law is a specialization. Below is a list of Ottawa Lawyers who practice Real Estate Law:

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* OPEN HOUSE SUNDAY MAY 27TH FROM 2-4 PM *

159 Murray Street #303

Ottawa’s most unique historic condo conversion. Ecole Guigues – formerly a secondary school right in the heart of the Byward Market, only seconds stroll to the very best parks & museums. Spacious hallways lead to this 1048 sf unit under 12 foot ceilings over hardwood. A show stopper & the largest unit in the building. Pristine & Prestige: all of the design aspects of this incredible building are immaculately cared for & in great taste.

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